Added: 2 years ago
From: RainstormGB
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  • Sorry for my philosophical rant...but just watched "it's a wonderful life." How many Mr Potters in the world compared to how many George Baileys, I wonder!! Let's stop bickering and save humanity before it's too late!

  • Economics is usually over complicated..... Take Keynes or Adam Smith. Many have tried to come up with this ideal system and it seems the world economic model is failing more and more each year. In life you get three kinds of people. Those who fight for wealth and power, those who fight for humanity and those who give a shit about neither. One thing is clear that what ever system we have, it is mental torture for those struggling on the wrong side of it. 3.4 billion people in the world starving!!

  • I might be wrong but i think thats the case....

  • money is no longer backed by gold. not for a long time. check your knowledge i think.

  • I do think there has been a mass awakening over the past few months, but we do have a long way to go. We will get there, we must get there or its slavery for us all.

  • Hahaha! You're very much like 99% of people out there (including our governments), you're an economic idiot. You talk about creating money but what you don't understand that creating money is not the same as creating wealth. Money is neutral. It's not becuase you create money that you can fund schools (to use your example). You need wealth to fund schools. All you're doing is create an ILLUSION of wealth ie an increase in nominal weath which is offset by inflation.

  • Great. There's nothing better than sixth form common room politics! If you resist the concept of money take out a nice bag of beans...see how many packets of king skins you can get with those suckers!

  • God, where did you get your education you retard? I'll give you a bit of advice for nothing. Stop moaning about stuff you don't understand on Youtube. It makes you look like a twat. People like you are the reason our country is fucked. You have got to be the biggest wanker I've ever had the displeasure of listening to.

  • @lestheshed

    oh how simple u make yourself look

  • @RainstormGB Quite the opposite, he is outlining how simple YOU are. Money is not just a piece of paper, it represents an amount of the UK treasury. The amount of paper money in existence represents the value of the gold reserve. Did you not think to learn basic economics before ranting about such complete nonsense?

  • lol @ les. Les you're a gynaphobe!

  • @lestheshed Sorry to say but only idiots slag people off in a debate whilst failing to actually put their argument across in intellectual terms.....so I ask the question....where did you get your education? Oh and to condemn a man you don't actually know by one video is REACTIONARY! To say one disagrees and then explain why is usually how a debate is conducted.....that's what I learnt at school anyway! Sounds like you enjoy putting others down to me!

  • just to add to what RS has said , not only are the politicians in the backpocket of the wanks , oops I mean banks. But the fiat system inevitably means that once you start on this road, there's no turning back - you have to print more and more that's why inflation is a constant problem.

  • Some good points made there rainstorm.

    It made me laugh all those economists predicting economic growth in the UK (using government released statistics), and them ALL being wrong.

    Surely they must now see that their predictions are turning out to be flawed due to the information (government statistics) they are using to create them.

    Like you say matey, "get out of fiat/unbacked paper money".

    Cheers.

  • 4 negative 1\4's in a row is offically a Depression.

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