@SleepinBagMonsters The elitists are like special forces and the ones you hope will do the physical action are people who shit on themselves and inject themselves with heroin. Only a bunch of fools atttack their enemy by crowding together in a known location and staying there for long periods of time where even the most simple person could take them out with contagious disease. The 'occupy' people already are diseased.
Catch on and do WHAT, exactly? I was trying to tell Americans this for 20 years, and no one wanted to hear the message. Eventually I realized that the only solution was one of a personal nature - to just leave, which is what I did. America is turning into a third world police state oligarchy, and there's nothing anyone can do about it at this point. The dominoes are all set up.
When talking about the middle class shrinking why do people always ignore the fact that normal people also do it to themselves with poor money management like overextending themselves with credit cards and loans? It's not just that the rich are doing things. The average American does their part to waste money instead of saving it. This is also a direct reason for the shrinking of the middle class. Stop blaming the rich and put some of the blame where it belongs. On the middle and lower classes.
@vinnie1369 You're certainly right at an initial glance. There's no doubt that American consumers are part of the problem. But don't be so sure that their behavior isn't encouraged or incentivized. It actually is, by several familiar institutions in the US. Ever hear the phrase "We need to spend ourselves out of this economic crisis"? It's essentially the stance of every federal economic adviser for the US. I agree with you though, this is not a one sided debate.
@stopislamophobia OK, it's incentivized. But if I give everyone an incentive to jump off a bridge are they going to do it? LOL It's the same idea. We know it's wrong yet it is a conscious choice made by people. Whether there is an incentive or not is irrelevant.
As for spending our way out. That's sound but no one is telling people to go so far into debt doing it that they can't dig their way out.
It's called moderation and common sense. Something most people don't have these days.
@vinnie1369 No, that's a bad analogy. You're talking about giving people the incentive/confidence to take out mortgages, most of whom are ignorant to the larger macro-economic picture of our economy. Like I said, I'm not saying it's not their fault! I'm not really disagreeing with you! I'm just saying, "Hey, there's also this going on too."
@stopislamophobia I agree. It's a 2 sided coin. I just get tired of no one taking responsibility for their own actions. Regardless of the economy and how things work one thing is certain. If you take out a loan/credit you can't afford THAT'S ON YOU! The person who made the choice is the person who knows their financial situation. When you take credit you can't afford you are at fault. Not some bank or a rich guy. Regardless of what line they feed you. YOU MADE THE CHOICE so buck stops there.
@stopislamophobia I agree but again...they are in debt due to a choice they made. OK, sometimes it's necessary but is it necessary to compound the debt with other bad decisions? Then they blame their own situation on other people. What kind of a person makes a major financial decision without seeking advice or doing some research first? Who just says, "OK" and signs a contract? Answer? Most people.
@vinnie1369 Yes, a good amount of people do those things, but as I said, their guided by a deeply rooted philosophy in this country... the baby boom generation could get away with such financial decisions, because during their time, the economy was booming! Obviously, this is a different era, but I think that same philosophy has persisted. Frugality was "American" a very long time ago.
@stopislamophobia OK, but shouldn't parents be blamed then for not teaching their kids the value of a dollar? Why are we not looking at them? I was raised with an allowance and a list of chores to do. (I am 35) I had my first job at age 15 and by my senior year of high school I had 3 jobs at once and I graduated on time.
So where are the parents? Why aren't they teaching their kids how to manage money?
@vinnie1369 Yeah, I've met young people who have done the same thing. It's not that they don't understand the value of a dollar. I think that's the minority! Everyone had chores too!
I don't know that many people in huge debt though. I honestly have two friends who are in the kind of debt we're concerned about. One is a divorced single mother with a child who cannot find a compatible job. The other gambled on real estate in Florida, lost it all, and lives with his mother now.
@vinnie1369 If anything, the college students are the ones in debt. Whereas I know only these two personally who are in serious debt, I know three recent graduates who live off food stamps and part time minimum wage labor. They payed out of state tuition assuming they'd get a great job out of college... and they were dead wrong. Can we call it, the "higher education bubble burst"?
@stopislamophobia It's not just college kids. It's people of all walks of life. But since you brought up college kids. As if the job market isn't hard enough these kids graduate with no experience whatsoever and they expect to find a job. It's idiotic. I never understood that. How can a person expect to find a job in an economic downturn with no experience? It's a ridiculous assumption and they should find ways to get experience. Even if it means working free for a while.
@stopislamophobia Debt isn't the evil. Now would be a great time to borrow as much money as you can to invest in real estate. Even if the market goes lower you're still going to make out in the long run. The people who receive the loans aren't any better or worst than the ones making the loans. I always looked for sellers to carry back paper on the properties I bought. They had to have cash? I'd tell them, "Take less. I have to borrow the money to pay you in cash, and money costs money".
@vinnie1369 The rich are the ones providing the loans. It wasn't the rich who cause the crisis, that doesn't even make any sense does it? It was the people handling the money who profited every time a loan was made with someone else's money. Not to put too fine a point on it, but MoneyandPowerBook was making money every time Lloyds made a loan. Greed is a sin most often commited by people willing themselves to power (the poor). You're on the right track Vinnie.
@shizzleman8 I agree. It's a 2 sided coin. I just get tired of no one taking responsibility for their own actions. Regardless of the economy and how things work one thing is certain. If you take out a loan/credit you can't afford THAT'S ON YOU! The person who made the choice is the person who knows their financial situation. When you take credit you can't afford you are at fault. Not some bank or a rich guy. Regardless of what line they feed you. YOU MADE THE CHOICE so buck stops there.
@vinnie1369 I did the financial software for my family's finance companies, and was involved in brokering loans for years. I spent hours with each customer explaining what they were getting into and none of them understood, well maybe one or two per 100. You're like that one guy Vinnie. The home is the one thing that should be purchased without cash. The rate you pay is based on how much you put down. If you pay 1/2 of your home in cash every banker in the world will loan you the other 1/2.
@shizzleman8 Well, it's the same thing with a car too. You put down a certain amount (figure 20% or more) and you pay for the rest over the next 3-5 years. The smart ones will pay it off sooner rather than later to avoid the extra interest payments. But most people can't do that because their entire lives are financed. Hell, they even have stuff in layaway. LOL
@vinnie1369 "Without cash reserves you can't piss in the tall weeds with the big dogs" - Gordon Gecko form the 1st Wall St. movie.
Forbearance (verb) 1.Patient self-control; restraint and tolerance. Financiers Forbear their right to their money in exchange for more of it. "Use it up, Wear it out, Make it last, Do without". The other saying written in my Family's Bible: Offer your product and service in the best possible manner, and society will never stop trying to reward you.
@shizzleman8 You do realise you & your family have accrued your wealth through usury & fraud, don't you? If you are who/what (occupation) you say you are.
Not because you lend money at interest.
But because you lend new money into existence which you then charge interest on. Most likely compounding interest pegged over inflation.
That is how all money comes existence under our current, global monetary system.
Does it strike you as particularly fair, what you're doing?
@maersklandro But hey, I really think we agree on this issue. You're more focused on convincing people that the current monetary system institutionalizes exploitation, which I completely agree with. One of my professors was Josh Farley, who makes these arguments for a living! I pa-"troll" various Youtube comment sections to make sure people aren't developing ideological blinders which may result in the exploitation of other countries and cultures.
@maersklandro It's a product/service no different than any other. You think the car dealer shouldn't make a profit? We sold MOBILE HOMES to the LOWER & middle class. If it wasn't for us all of the lower income people never would have become owners.
The poor cheat, lie and steal way more often than the rich. They have to, and greed and unjust enrichment is not the way to build fortune. It takes courage to be rich, way more than you might imagine. I borrowed at "usurious" rates also. 8¬D
@maersklandro Kindness should be the rule in everything you say and do. It's also a YouTube community guideline. When you accuse someone of something you need to read them their rights, hire them an attorney take them to jail and provide them with a fair trial before a jury of their peers in a timely manner. Short of that your "recommendations" don't interest me. : ¬ l
You should never mistake brilliance with wealth or duty with dereliction. If knowledge was power then Steven Hawking could kick my ass instead of needing 5 atheists to roll him out on stage just to have someone press a button so we can hear a pre-recorded message on how nothing caused everything to exist.
@JHK1976 Jewish people are 3% of the population of the USA, but we comprise 20% of the most wealthy. I'm descended from 750 years of Jewish Bankers, my garbage is what you pick up that is if you even have a job.
@shizzleman8 I can tell you're not Jewish. And you're attempts to use statistical racism to gain authority on Youtube is pitiful, not that you need my pity. I'm sure you have a clever response prepared for me.
@stopislamophobia I'm 6'2" 240 lbs. and I juggle the 5 ball cascade. I'm an admiral's son who had all of my Dad's honors conferred on me. He owned 27 finance companies, we're Jewish Bankers. He and I made about 10,000 IN PERSON collection calls. My attorneys are the #1 business litigators in the Inland Empire, Reid & Heller. Power is a measurement of an entity's ability to control its environment, including the behavior of other entities. How can YOU do that and be anonymous?
@shizzleman8 As for your "I'm powerful" comment. I called you out on not being Jewish because that's how a lot of anti-Semitic talk starts. Considering your definition of power, "people" are a huge part of that environment. I can and do have more "power" than you, perhaps. Judge for yourself; I find leverage points within large social domains which I then get good funding from various institutions to pry at, instigating larger social change in the direction of an ecological economy.
@stopislamophobia Most people in this world are free to empower themselves. Anyone can be an instigator that doesn't take any skill. My family has been the institution for 750 years. My boss, Dad, and Sister have 91 years of legal practice without a loss. How do you think the NYYC held the America's Cup for 132 years? Did you know the USA has a CENTURY lead over China in building aircraft carriers? Yep. I'm not orthodox, I love muslims. Peace Friend.
@shizzleman8 no one really cares about the leg up you and your family have on everyone else because you were born well off. No one cares how many honors your dad received, or how big you are, because all empires fail and I have seen the biggest guys get knocked the fuck out ! . Try making a positive difference in the hearts and minds for the benefit of other, less fortunate people, and maybe your wealth would actually be something of greater value.
@JHK1976 I'm giving all of you my best secrets. I took people on welfare and other entitlement programs and by using others names made them owners.
Nothing's more valuable than that. Not all rich people acquired their wealth by ill-gotten means. I turned 49 today, it's a declaration of war date and the Feast Day of Immaculate Conception. Step into my Kinder Love, me and your heart, one and the same.
@stopislamophobia I don't accept brilliant dereliciton as a reality. Knowing is different from ability and will. Of course I don't want or need pity or praise. Being an excellent teacher is reward in itself. How many "brilliant" people do you know, and how many rich people? Are the brilliant poor people more or less inteligent than the rich? How much money one has proves how high their IQ is. Has a poverty stricken genius ever given you a job?
@shizzleman8 I'm not denying the link between poor education and poverty. But have you ever heard of social reproduction? It's the idea that poor education/structural poverty produces more poorly educated and impoverished people. They're victims of their circumstance and institutions, who fail to provide the equal opportunities of the other more fortunate members of society. i.e., your parents wealth is currently the strongest determinant of success in the U.S.
@stopislamophobia Proverbs 10:4 He becomes poor who has a slack hand: but the hand of the diligent makes rich. This is what Vinnie has been saying about his own experience. I was put to work at age 11. No, I didn't like it, but I do today.
The USA is founded on different ideals than the rest of the world. Every holiday our media bombards us with programs about how the nails used to crucify Christ were found in the sarcophagus of the High Priest Caiaphas. "In God We Trust". Peace to you.
Barstool Economics shows how if you eliminate the rich, the middle class and poor won't be able to pay their bills. I love how you're making this complex subject easy to follow, but I'm reminded of several movies, Head Office, Wall Street and Other People's Money where the rights of the shareholder and why they invested their money in the first place takes priority: Jack Issel in front of the Allenville Plant at it's closing says, "Corporations exist to make a profit". The poor don't forebear!
The only thing that really matters in this world is material wealth, energy and labour. They're intertwined as well.
Most of the world's people have been duped into equating money with what you can buy with it.
This is dead wrong.
The only money you'll surely have tomorrow is the phyiscal cash you'll find in your wallet next morning.
That will likely be the next step: dispensing with currency so each and every single person is completely at the behest of the bank which holds their money.
@stopislamophobia Do you fill your gas tank with coins or bills? Eat, wear, cook food over a burning pile of them? Power your PC with or live in them? Pay them to conduct research and development?
No?
How about electric charges in a PC, then? Magnetic charges on a card?
Money is a means to an end: mediating trade of real wealth, not that wealth itself.
If a form of money fails this (like our current exponential debt money with 0 consideration does) it's worthless.
@stopislamophobia Do you have any idea what (under our current monetary-banking system) money even is?
How (in what conditions, amounts, by whom & to whom) it's injected into the economy & how it's removed from the economy?
Why most wealth is accrued by the already wealthy even though it's almost entirely created by the low & middle class (including research & knowledge wealth)?
On the odd chance you have a clue what I'm talking about, are you ok with the status quo?
@maersklandro Money = Debt. The FED. Market power. And no, I'm not okay with the status quo.
Making assumptions about someone is a bad way to convince them of something, especially when you're hoping I don't know what you know. But I'll oblige you.
I had an issue with "Money is the only thing that matters...". I'm assuming you're talking about how neoclassical economists place arbitrary fiscal value on human lives, but if that's what you truly believe, then you missed it.
@maersklandro You're still wrong. When you say "Everything... in this world", you're making a cross-culture cutting statement, which does not hold up. There are entire different systems of belief and value, in which completely different conceptualized relationships are valued the most. Perhaps you can apply that to the Western individualistic culture, but certainly not everywhere "in the world."
@stopislamophobia Look, I'm not here to argue religion & other silly, girly shit.
A clean & safe environment (water, air, ground), biodiversity, resources that aren't depleted, etc. are part of the commons. Look up the term, if needs be.
They're indubitably wealth. Even though you can't really value them you must recognize this fact.
If you think a woman's "love" can ever be unconditional, completely detached from your wealth & income, you got another thing coming.
@maersklandro Please, I've taken enough Western economics courses to know your silly vocabulary. And no, making a cross-culture cutting "statement" about something is not girly shit. You should know that the greatest tragedies to befall mankind have been the result of deeply rooted philosophical presumptions about the way other people think. And there's no question that the human necessities are valued everywhere; but wealth is not an excess of these things in our culture, is it?
@maersklandro Again, this isn't touchy feely shit; that's just what you call something you don't understand. Unfortunately, you haven't been exposed to the new literature that combines sociology, anthropology, and economics. The subjective definition of "wealth" is an extremely important concept. If different cultures have different concepts of wealth, they have almost completely different incentive systems. I'm arguing that wealth is not an excess of necessary goods for survival.
@maersklandro You miss-took me. I mean the basic resources, but forget that.
The current problem is the incentive system. Letting greed run wild ignores the more deeply rooted human ethical conscience; empathy. Do you understand evolutionary psychology? It's a crude subject field, but basically, empathetic networks increased your fitness more so than individual greed.
Nah, we are not "homogeneous globules of infinite desire". But this is what capitalism entails human nature to be.
@stopislamophobia Incentive is good as long it's based on & commensurate with actual real value of consideration produced by the employee or contractor.
That is to say: greed is good & productive in a fair & honest system. One with checks & balances universally & equitably enforced, that actively protects against fraud, extortion & other forms of unfair advantage.
The current system is rigged. It's based on fraud, extortion & unfair advantage from the money system down.
@maersklandro Then what you seek is utopia. As long as calculated risk of conducting fraud and extortion is smaller than potential outcomes, and as long as political costs are smaller than political payoffs, this abuse of the system is incentivized. Now you can propose raising the risk and political costs, but then you reach a point where enforcement costs more.
The marginal benefits and marginal costs curves don't intercept. Thus, this is a systemic problem.
They're intertwined. You need labour and knowhow to get energy, you need energy and knowledge to build machinery, you need machinery and energy to build or make other stuff, you need land for a factory to house your machines, you need people to work the machines, etc.
Nowhere did I touch on the liberal falsehoods that anything can & has a market value or that the market value is correct in that it reflects the real value &/or the utility of the thing you want to appraise.
@stopislamophobia On the contrary, due to our monetary system being based on & founded in fraud & theft by counterfeiting, everything valued in our current money is most certainly worth more than what the market has decided it does.
I'm actually on your side.
I hate liberals (what you call neoclassical econs?), libertards, objectivists & other right wing scum with a passion.
I yearn for social justice and solidarity, progressive taxation, fairness & equal opportunity.
I am tired of we all blame each others country. Muslims blame Christians & Jews. Christians blame Muslims & Jews. Jews saying hey don't blame us it is your governments. Now whole world blames bankers & Zionist. No one knows for sure who are these beast taking our money. I think it is the whole world governments they all are responsible of world Economy all of them are the beast not just IMF & World banks. We have put Jewish Mad-off to prison now we must find the rest of the hungry Beast :))))
I like the way you explain your position. Americans becoming more aware isn't likely to do much of anything to resolve this. Most are aware of far more than we think, the problem is what can be done about it. We, US citizens, can stop much/ all of this by banking off shore. If you take away the funding of the IMF, you take away their power to lend. We cannot 'vote' the Fed out of existence, we just don't have that power. The solution is simple, hard part is how to convince US citizens to do it.
END THE FED get rid of the insane income tax that came with it the money goes to pay the interest for these criminals to create this fiat garbage none of it goes to the country
You obviously did not understand what I said in my last response. Read it again!!! ALL banks use what is termed the fractional banking system which comes from the Modern Money Mechanics Federal Reserve system. I know all about this fractional banking system and how it works. Remember that it comes from the Federal Reserve. Ron Paul is the one who started the movement to end the Federal Reserve System, IDIOT!!!
@chessnyt please dont try and educate me on this with your distorted views about what is economics, im fully aware of fractional multiplication, im aware of modern money mechanics... its all garbage...
all that shits after the fact, after a bank obfuscates a promissory obligation into a debt owed to itself, an intervening party between the obligor and the true creditor who just publishes the evidence of our promissory obligations... banks do absolutely nothing but rob us blind
@chessnyt youre clueless mate, so be quiet... you have no idea what money is, represents or where it comes from *conception*... forget about the fed forget about the moronic ideas that moneys created in banks or governments, or is pulled from thin air or ben bernankes ass or all other garbage people are taught.
moneys a secondary representation of the ONLY true thing of value --->when a man signs a promissory obligation//he makes a promise to deliver something of value to a creditor<---
@ott0Kitam Well if you are against ending the Federal Reserve, then nothing will change in the banking system so you just keep right on fighting the people who are trying to close it down so you can make sure you continue to be screwed by the crooked banks and be able to whine about it on YouTube.
if youre in agreement we should end this imposed system of artificial indebtedness(BANKS), thats just been laundering all the principle(it ever issues) back into its possession, and charge us interest on for their hard work... then im with you. we agree.
@ott0Kitam I'm tired of the phony debt which can only lead to more debt which in turn is actually perpetual debt. It's completely as you say...legalized laundering and getting paid to simply make a public record of a debt. I totally see it the same way. Believe me. Nobody wants to shut them down as much as I do. The whole banking scheme is insane and is nothing more than a farce.
My brothers how are we suppose to protect our self's? As long as these Mafia leaders steal & rule the Banks we cannot protect our self's or the world Economy. We can't solve the problem as long as those Beast are in charge of the world banks & world Economy. Is there a person at least can solve this problem? Where are those Politicians we vote aren't they suppose to protect us & the world Economy? Why are they in government if they cannot even do that?To me seem like the government is the Mafia.
@64Hulya The politicians are owned by powerful corporations and bankers. These interests keep an eye on how our (their) politicians vote. If they vote for a bill that is contrary to their agenda, they cut off backing of these politicians and they can not get reelected without large campaign contributions. Voting against their interests is a political death wish. The only flicker of hope we have now is Ron Paul who they did not even invite to the upcoming presidential debate.
ron paul is not the answer. hes another puppet-politician put in front all the zombie citizens to chase after like some kind of magical kite to follow in the sky.
the only solution, that will ever work and last (EVER) is we take back our money... fuck banks slithering in between any obligor and creditor... end all banking... they steal everything...
honestly we may as well just flush what money we have down the toilet, coz its the same effect/result as believing in banks
@ott0Kitam Yes. Ron Paul is the answer and if he were who you falsely accuse him to be, then the Jewish bankers would have welcomed him to the upcoming Jewish sponsored presidential candidate's debate but they did NOT. Google "Jewish debate without Ron Paul". I couldn't make this stuff up. You're busted dude. Go back and tell your banker friends I blew your cover ;)
@chessnyt the issues not which guy to vote into office, the issue people should be talking about is that there is never any debt to any bank. ever.
yet the bank will, by obfuscating a mans(obligors) promissory obligation to another man(true creditor-the giver up property), falsify that into a debt owed to themselves(the bank)... how does a bank "loan" what it doesnt have? and then charge interest on top of that?? or how can a bank forclose on something it never gave up???
@ott0Kitam I understand that you have falsely accused Ron Paul as being another puppet and that makes you one with the bankers' interests. Ron Paul is also the one (btw) who started the audit the Fed movement in the first place as a first step in closing it down (phasing it out). It doesn't take a Masters degree in economics to see who got bailed out and who did not.
@chessnyt lol youre a moron and dont even understand what i just said.
im telling you: that the banks are raping us, always have, and always will until we get rid of them.<-- so how is this me working for the banks? fool open your eyes to what this means and forget about ron paul, obama, batman, or whoever distracts you from this fact.
@chessnyt banks are killing the economy coz theyve distorted all of our promissory obligations into debts owed to themselves for being the mere publishers of the evidence of our promissory obligations, which (again) are to each other, obligor to creditor, and not to the banks... no debt is ever owed to a bank...
but you dont/cant comprehend what this means it seems
bankers dont make loans... bankers intervene and misrepresent our promissory obligations (to each other*obligor to creditor*) and and falsify that into a debt owed to themselves just for the act of publishing the evidence our promissory obligations...
theres never been any debt owed to any bank ever... people create money... not banks, not governments...
the only way to turn this nightmare around is for people everywhere to understand this, and see banks as the intervening parasitical entities that they are who do nothing but steal circulation and launder original principle into their possession...
there is no solution existing, nor will there ever be, if we stay within this broken framework of phoney(and dominant) economic thought
@moneyandpowerbook This video is very well done and I commend you for such a short but to the point message that is NOT being told in the mainstream media. More effective than all the protesting in the world is to vote for politicians that are not supported by the business sector. People need to wake up and realize that both party's leaders (Bush Jr. & Obama) have and will continue to bail them out and do their bidding for them. Our bailout will never come with business as usual.
It is a macro economic re-engineering that is going on now. One of the things that has destroyed cities and neighborhoods in the US was all the lending going on to make home ownership into rentals. This goes back to the 70s. Because of the high interest the landlord did not and could not put capital back into the properties so they declined. By 2008, they had no real value except to speculators because the capital was taken out of them. It is a model for the world.
No company was ever forced to close up and move (first to Japan, then Mexico et al) and now China (India)----China merely accepted the goodies. For a politician to rail against Chinese trade practices is to show how sadly laughable our plight is. These are GLOBAL companies who control these globalized pols.
We see that Karl Marx was right all along but we continue to worship the corporate God, Jesus Christ, + His pals e.g. Boehner--Perry-Obama. Why?
@GhostHawk76 Very true, with the help of the American capitalist and corporations. Money talks and bullshit walks and the American people are in deep bullshit.
amazing explanation skills
thank you sir
i think you are a great man
Song4Alex 3 weeks ago in playlist Uploaded videos
@SleepinBagMonsters The elitists are like special forces and the ones you hope will do the physical action are people who shit on themselves and inject themselves with heroin. Only a bunch of fools atttack their enemy by crowding together in a known location and staying there for long periods of time where even the most simple person could take them out with contagious disease. The 'occupy' people already are diseased.
shizzleman8 2 months ago
This has been flagged as spam show
Well articulated Steven and please check out my website link, which is just a short article.
God bless you and us all
BritishSnail 2 months ago
interesting!
gdixonregeneca 2 months ago
Catch on and do WHAT, exactly? I was trying to tell Americans this for 20 years, and no one wanted to hear the message. Eventually I realized that the only solution was one of a personal nature - to just leave, which is what I did. America is turning into a third world police state oligarchy, and there's nothing anyone can do about it at this point. The dominoes are all set up.
MrPlanx 2 months ago
When talking about the middle class shrinking why do people always ignore the fact that normal people also do it to themselves with poor money management like overextending themselves with credit cards and loans? It's not just that the rich are doing things. The average American does their part to waste money instead of saving it. This is also a direct reason for the shrinking of the middle class. Stop blaming the rich and put some of the blame where it belongs. On the middle and lower classes.
vinnie1369 2 months ago
@vinnie1369 You're certainly right at an initial glance. There's no doubt that American consumers are part of the problem. But don't be so sure that their behavior isn't encouraged or incentivized. It actually is, by several familiar institutions in the US. Ever hear the phrase "We need to spend ourselves out of this economic crisis"? It's essentially the stance of every federal economic adviser for the US. I agree with you though, this is not a one sided debate.
stopislamophobia 2 months ago
@stopislamophobia OK, it's incentivized. But if I give everyone an incentive to jump off a bridge are they going to do it? LOL It's the same idea. We know it's wrong yet it is a conscious choice made by people. Whether there is an incentive or not is irrelevant.
As for spending our way out. That's sound but no one is telling people to go so far into debt doing it that they can't dig their way out.
It's called moderation and common sense. Something most people don't have these days.
vinnie1369 2 months ago
@vinnie1369 No, that's a bad analogy. You're talking about giving people the incentive/confidence to take out mortgages, most of whom are ignorant to the larger macro-economic picture of our economy. Like I said, I'm not saying it's not their fault! I'm not really disagreeing with you! I'm just saying, "Hey, there's also this going on too."
stopislamophobia 2 months ago
@stopislamophobia I agree. It's a 2 sided coin. I just get tired of no one taking responsibility for their own actions. Regardless of the economy and how things work one thing is certain. If you take out a loan/credit you can't afford THAT'S ON YOU! The person who made the choice is the person who knows their financial situation. When you take credit you can't afford you are at fault. Not some bank or a rich guy. Regardless of what line they feed you. YOU MADE THE CHOICE so buck stops there.
vinnie1369 2 months ago
@vinnie1369 Yup - let's just not victimize everyone in debt though.
stopislamophobia 2 months ago
@stopislamophobia I agree but again...they are in debt due to a choice they made. OK, sometimes it's necessary but is it necessary to compound the debt with other bad decisions? Then they blame their own situation on other people. What kind of a person makes a major financial decision without seeking advice or doing some research first? Who just says, "OK" and signs a contract? Answer? Most people.
vinnie1369 2 months ago
@vinnie1369 Yes, a good amount of people do those things, but as I said, their guided by a deeply rooted philosophy in this country... the baby boom generation could get away with such financial decisions, because during their time, the economy was booming! Obviously, this is a different era, but I think that same philosophy has persisted. Frugality was "American" a very long time ago.
stopislamophobia 2 months ago
@stopislamophobia OK, but shouldn't parents be blamed then for not teaching their kids the value of a dollar? Why are we not looking at them? I was raised with an allowance and a list of chores to do. (I am 35) I had my first job at age 15 and by my senior year of high school I had 3 jobs at once and I graduated on time.
So where are the parents? Why aren't they teaching their kids how to manage money?
vinnie1369 2 months ago
@vinnie1369 Yeah, I've met young people who have done the same thing. It's not that they don't understand the value of a dollar. I think that's the minority! Everyone had chores too!
I don't know that many people in huge debt though. I honestly have two friends who are in the kind of debt we're concerned about. One is a divorced single mother with a child who cannot find a compatible job. The other gambled on real estate in Florida, lost it all, and lives with his mother now.
stopislamophobia 2 months ago
@vinnie1369 If anything, the college students are the ones in debt. Whereas I know only these two personally who are in serious debt, I know three recent graduates who live off food stamps and part time minimum wage labor. They payed out of state tuition assuming they'd get a great job out of college... and they were dead wrong. Can we call it, the "higher education bubble burst"?
stopislamophobia 2 months ago
@stopislamophobia It's not just college kids. It's people of all walks of life. But since you brought up college kids. As if the job market isn't hard enough these kids graduate with no experience whatsoever and they expect to find a job. It's idiotic. I never understood that. How can a person expect to find a job in an economic downturn with no experience? It's a ridiculous assumption and they should find ways to get experience. Even if it means working free for a while.
vinnie1369 2 months ago
@stopislamophobia Debt isn't the evil. Now would be a great time to borrow as much money as you can to invest in real estate. Even if the market goes lower you're still going to make out in the long run. The people who receive the loans aren't any better or worst than the ones making the loans. I always looked for sellers to carry back paper on the properties I bought. They had to have cash? I'd tell them, "Take less. I have to borrow the money to pay you in cash, and money costs money".
shizzleman8 2 months ago
@vinnie1369 The rich are the ones providing the loans. It wasn't the rich who cause the crisis, that doesn't even make any sense does it? It was the people handling the money who profited every time a loan was made with someone else's money. Not to put too fine a point on it, but MoneyandPowerBook was making money every time Lloyds made a loan. Greed is a sin most often commited by people willing themselves to power (the poor). You're on the right track Vinnie.
shizzleman8 2 months ago
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@shizzleman8 I agree. It's a 2 sided coin. I just get tired of no one taking responsibility for their own actions. Regardless of the economy and how things work one thing is certain. If you take out a loan/credit you can't afford THAT'S ON YOU! The person who made the choice is the person who knows their financial situation. When you take credit you can't afford you are at fault. Not some bank or a rich guy. Regardless of what line they feed you. YOU MADE THE CHOICE so buck stops there.
vinnie1369 2 months ago
@vinnie1369 I did the financial software for my family's finance companies, and was involved in brokering loans for years. I spent hours with each customer explaining what they were getting into and none of them understood, well maybe one or two per 100. You're like that one guy Vinnie. The home is the one thing that should be purchased without cash. The rate you pay is based on how much you put down. If you pay 1/2 of your home in cash every banker in the world will loan you the other 1/2.
shizzleman8 2 months ago
@shizzleman8 Well, it's the same thing with a car too. You put down a certain amount (figure 20% or more) and you pay for the rest over the next 3-5 years. The smart ones will pay it off sooner rather than later to avoid the extra interest payments. But most people can't do that because their entire lives are financed. Hell, they even have stuff in layaway. LOL
vinnie1369 2 months ago
@vinnie1369 "Without cash reserves you can't piss in the tall weeds with the big dogs" - Gordon Gecko form the 1st Wall St. movie.
Forbearance (verb) 1.Patient self-control; restraint and tolerance. Financiers Forbear their right to their money in exchange for more of it. "Use it up, Wear it out, Make it last, Do without". The other saying written in my Family's Bible: Offer your product and service in the best possible manner, and society will never stop trying to reward you.
shizzleman8 2 months ago
@shizzleman8 You do realise you & your family have accrued your wealth through usury & fraud, don't you? If you are who/what (occupation) you say you are.
Not because you lend money at interest.
But because you lend new money into existence which you then charge interest on. Most likely compounding interest pegged over inflation.
That is how all money comes existence under our current, global monetary system.
Does it strike you as particularly fair, what you're doing?
maersklandro 2 months ago
@maersklandro But hey, I really think we agree on this issue. You're more focused on convincing people that the current monetary system institutionalizes exploitation, which I completely agree with. One of my professors was Josh Farley, who makes these arguments for a living! I pa-"troll" various Youtube comment sections to make sure people aren't developing ideological blinders which may result in the exploitation of other countries and cultures.
stopislamophobia 2 months ago
@maersklandro It's a product/service no different than any other. You think the car dealer shouldn't make a profit? We sold MOBILE HOMES to the LOWER & middle class. If it wasn't for us all of the lower income people never would have become owners.
The poor cheat, lie and steal way more often than the rich. They have to, and greed and unjust enrichment is not the way to build fortune. It takes courage to be rich, way more than you might imagine. I borrowed at "usurious" rates also. 8¬D
shizzleman8 2 months ago
@shizzleman8 Counterfeiting and fraud are not like any other product/service.
Loan sharking is honest.
Banking is fraud.
Howevery, you don't seem to grasp why. Or do you feign ignorance?
Read "The Mystery of Banking" by fellow jew, Murray Rothbard. It's freely available online, if you can spare the time.
Afterwards maybe we can have a discussion.
In closing, if you're a 49 yo jew who paint smiley faces in comments on youtuybe vids then I'm the tooth fairy.
maersklandro 2 months ago
@maersklandro Kindness should be the rule in everything you say and do. It's also a YouTube community guideline. When you accuse someone of something you need to read them their rights, hire them an attorney take them to jail and provide them with a fair trial before a jury of their peers in a timely manner. Short of that your "recommendations" don't interest me. : ¬ l
shizzleman8 2 months ago
this guy looks like triple H
Quiksilver385 2 months ago
If knowledge is power, what is money again?
You should never mistake brilliance with wealth or duty with dereliction. If knowledge was power then Steven Hawking could kick my ass instead of needing 5 atheists to roll him out on stage just to have someone press a button so we can hear a pre-recorded message on how nothing caused everything to exist.
shizzleman8 2 months ago
@shizzleman8 Take your religious garbage elsewhere !
JHK1976 2 months ago
@JHK1976 Jewish people are 3% of the population of the USA, but we comprise 20% of the most wealthy. I'm descended from 750 years of Jewish Bankers, my garbage is what you pick up that is if you even have a job.
Happy Hanukkah
shizzleman8 2 months ago
@shizzleman8 I can tell you're not Jewish. And you're attempts to use statistical racism to gain authority on Youtube is pitiful, not that you need my pity. I'm sure you have a clever response prepared for me.
stopislamophobia 2 months ago
@stopislamophobia I'm 6'2" 240 lbs. and I juggle the 5 ball cascade. I'm an admiral's son who had all of my Dad's honors conferred on me. He owned 27 finance companies, we're Jewish Bankers. He and I made about 10,000 IN PERSON collection calls. My attorneys are the #1 business litigators in the Inland Empire, Reid & Heller. Power is a measurement of an entity's ability to control its environment, including the behavior of other entities. How can YOU do that and be anonymous?
shizzleman8 2 months ago
@shizzleman8 As for your "I'm powerful" comment. I called you out on not being Jewish because that's how a lot of anti-Semitic talk starts. Considering your definition of power, "people" are a huge part of that environment. I can and do have more "power" than you, perhaps. Judge for yourself; I find leverage points within large social domains which I then get good funding from various institutions to pry at, instigating larger social change in the direction of an ecological economy.
stopislamophobia 2 months ago
@stopislamophobia Most people in this world are free to empower themselves. Anyone can be an instigator that doesn't take any skill. My family has been the institution for 750 years. My boss, Dad, and Sister have 91 years of legal practice without a loss. How do you think the NYYC held the America's Cup for 132 years? Did you know the USA has a CENTURY lead over China in building aircraft carriers? Yep. I'm not orthodox, I love muslims. Peace Friend.
shizzleman8 2 months ago
@shizzleman8 no one really cares about the leg up you and your family have on everyone else because you were born well off. No one cares how many honors your dad received, or how big you are, because all empires fail and I have seen the biggest guys get knocked the fuck out ! . Try making a positive difference in the hearts and minds for the benefit of other, less fortunate people, and maybe your wealth would actually be something of greater value.
JHK1976 2 months ago
@JHK1976 I'm giving all of you my best secrets. I took people on welfare and other entitlement programs and by using others names made them owners.
Nothing's more valuable than that. Not all rich people acquired their wealth by ill-gotten means. I turned 49 today, it's a declaration of war date and the Feast Day of Immaculate Conception. Step into my Kinder Love, me and your heart, one and the same.
shizzleman8 2 months ago
@shizzleman8 You're mistaken; knowledge is power, IF you know how to use it. And that's a big IF.
stopislamophobia 2 months ago
@stopislamophobia I don't accept brilliant dereliciton as a reality. Knowing is different from ability and will. Of course I don't want or need pity or praise. Being an excellent teacher is reward in itself. How many "brilliant" people do you know, and how many rich people? Are the brilliant poor people more or less inteligent than the rich? How much money one has proves how high their IQ is. Has a poverty stricken genius ever given you a job?
shizzleman8 2 months ago
@shizzleman8 I'm not denying the link between poor education and poverty. But have you ever heard of social reproduction? It's the idea that poor education/structural poverty produces more poorly educated and impoverished people. They're victims of their circumstance and institutions, who fail to provide the equal opportunities of the other more fortunate members of society. i.e., your parents wealth is currently the strongest determinant of success in the U.S.
stopislamophobia 2 months ago
@stopislamophobia Proverbs 10:4 He becomes poor who has a slack hand: but the hand of the diligent makes rich. This is what Vinnie has been saying about his own experience. I was put to work at age 11. No, I didn't like it, but I do today.
The USA is founded on different ideals than the rest of the world. Every holiday our media bombards us with programs about how the nails used to crucify Christ were found in the sarcophagus of the High Priest Caiaphas. "In God We Trust". Peace to you.
shizzleman8 2 months ago
Barstool Economics shows how if you eliminate the rich, the middle class and poor won't be able to pay their bills. I love how you're making this complex subject easy to follow, but I'm reminded of several movies, Head Office, Wall Street and Other People's Money where the rights of the shareholder and why they invested their money in the first place takes priority: Jack Issel in front of the Allenville Plant at it's closing says, "Corporations exist to make a profit". The poor don't forebear!
shizzleman8 2 months ago
The only thing that really matters in this world is material wealth, energy and labour. They're intertwined as well.
Most of the world's people have been duped into equating money with what you can buy with it.
This is dead wrong.
The only money you'll surely have tomorrow is the phyiscal cash you'll find in your wallet next morning.
That will likely be the next step: dispensing with currency so each and every single person is completely at the behest of the bank which holds their money.
maersklandro 2 months ago
@maersklandro "The only thing that really matters in this world is..." Is this sarcasm? I just need to make sure before I troll you.
stopislamophobia 2 months ago
@stopislamophobia Do you fill your gas tank with coins or bills? Eat, wear, cook food over a burning pile of them? Power your PC with or live in them? Pay them to conduct research and development?
No?
How about electric charges in a PC, then? Magnetic charges on a card?
Money is a means to an end: mediating trade of real wealth, not that wealth itself.
If a form of money fails this (like our current exponential debt money with 0 consideration does) it's worthless.
maersklandro 2 months ago
@stopislamophobia Clearly this flew right over your head. Usually does with your ilk.
Hardly a surprise as considering how painfully ignorant and thick as pig shit most right wingers are.
maersklandro 2 months ago
@stopislamophobia Do you have any idea what (under our current monetary-banking system) money even is?
How (in what conditions, amounts, by whom & to whom) it's injected into the economy & how it's removed from the economy?
Why most wealth is accrued by the already wealthy even though it's almost entirely created by the low & middle class (including research & knowledge wealth)?
On the odd chance you have a clue what I'm talking about, are you ok with the status quo?
maersklandro 2 months ago
@maersklandro Money = Debt. The FED. Market power. And no, I'm not okay with the status quo.
Making assumptions about someone is a bad way to convince them of something, especially when you're hoping I don't know what you know. But I'll oblige you.
I had an issue with "Money is the only thing that matters...". I'm assuming you're talking about how neoclassical economists place arbitrary fiscal value on human lives, but if that's what you truly believe, then you missed it.
stopislamophobia 2 months ago
@stopislamophobia I never said "money is the only thing that matters". On the contrary, I actually said:
"The only thing that really matters in this world is material wealth, energy and labour."
Material wealth is not money. It's tangible assets, real estate & the commons.
Besides material wealth what also matters is energy, labour & knowledge/knowhow.
Our current money system is fraud & theft. All money is issued as interest bearing debt without consideration.
maersklandro 2 months ago
@maersklandro You're still wrong. When you say "Everything... in this world", you're making a cross-culture cutting statement, which does not hold up. There are entire different systems of belief and value, in which completely different conceptualized relationships are valued the most. Perhaps you can apply that to the Western individualistic culture, but certainly not everywhere "in the world."
stopislamophobia 2 months ago
@stopislamophobia Look, I'm not here to argue religion & other silly, girly shit.
A clean & safe environment (water, air, ground), biodiversity, resources that aren't depleted, etc. are part of the commons. Look up the term, if needs be.
They're indubitably wealth. Even though you can't really value them you must recognize this fact.
If you think a woman's "love" can ever be unconditional, completely detached from your wealth & income, you got another thing coming.
maersklandro 2 months ago
@maersklandro Please, I've taken enough Western economics courses to know your silly vocabulary. And no, making a cross-culture cutting "statement" about something is not girly shit. You should know that the greatest tragedies to befall mankind have been the result of deeply rooted philosophical presumptions about the way other people think. And there's no question that the human necessities are valued everywhere; but wealth is not an excess of these things in our culture, is it?
stopislamophobia 2 months ago
@stopislamophobia Again you're not making sense. What does "but wealth is not an excess of these things in our culture" mean?
I already told you I'm not here to argue with you about amorphous touchy feely stuff.
maersklandro 2 months ago
@maersklandro Again, this isn't touchy feely shit; that's just what you call something you don't understand. Unfortunately, you haven't been exposed to the new literature that combines sociology, anthropology, and economics. The subjective definition of "wealth" is an extremely important concept. If different cultures have different concepts of wealth, they have almost completely different incentive systems. I'm arguing that wealth is not an excess of necessary goods for survival.
stopislamophobia 2 months ago
@stopislamophobia So a 3rd car, a pool, a mansion isn't wealth?
Good luck convincing anyone.
The problem isn't our current goal (wealth) & incentive system (greed).
The problem is the means that are allowed to that goal & the limits that aren't imposed on those means.
Monetary-banking fraud is one legal means that shouldn't be.
Extorting labour to lower pay is another.
The latter can be remedied by wealth/income redistribution: dividends &/or shareholder income.
maersklandro 2 months ago
@maersklandro You miss-took me. I mean the basic resources, but forget that.
The current problem is the incentive system. Letting greed run wild ignores the more deeply rooted human ethical conscience; empathy. Do you understand evolutionary psychology? It's a crude subject field, but basically, empathetic networks increased your fitness more so than individual greed.
Nah, we are not "homogeneous globules of infinite desire". But this is what capitalism entails human nature to be.
stopislamophobia 2 months ago
@stopislamophobia Incentive is good as long it's based on & commensurate with actual real value of consideration produced by the employee or contractor.
That is to say: greed is good & productive in a fair & honest system. One with checks & balances universally & equitably enforced, that actively protects against fraud, extortion & other forms of unfair advantage.
The current system is rigged. It's based on fraud, extortion & unfair advantage from the money system down.
maersklandro 2 months ago
@maersklandro Then what you seek is utopia. As long as calculated risk of conducting fraud and extortion is smaller than potential outcomes, and as long as political costs are smaller than political payoffs, this abuse of the system is incentivized. Now you can propose raising the risk and political costs, but then you reach a point where enforcement costs more.
The marginal benefits and marginal costs curves don't intercept. Thus, this is a systemic problem.
stopislamophobia 2 months ago
They're intertwined. You need labour and knowhow to get energy, you need energy and knowledge to build machinery, you need machinery and energy to build or make other stuff, you need land for a factory to house your machines, you need people to work the machines, etc.
Nowhere did I touch on the liberal falsehoods that anything can & has a market value or that the market value is correct in that it reflects the real value &/or the utility of the thing you want to appraise.
maersklandro 2 months ago
@stopislamophobia On the contrary, due to our monetary system being based on & founded in fraud & theft by counterfeiting, everything valued in our current money is most certainly worth more than what the market has decided it does.
I'm actually on your side.
I hate liberals (what you call neoclassical econs?), libertards, objectivists & other right wing scum with a passion.
I yearn for social justice and solidarity, progressive taxation, fairness & equal opportunity.
maersklandro 2 months ago
It is a conspiracy, a Jewish "Talmudic/Satanic" conspiracy. This is a battle between Good and Evil and "We the People" are the pawns in the game.
HiawathaMohawk 2 months ago
we are gonna end up like mexico with the ever growing gap between rich and poor
ltveco8 2 months ago
I am tired of we all blame each others country. Muslims blame Christians & Jews. Christians blame Muslims & Jews. Jews saying hey don't blame us it is your governments. Now whole world blames bankers & Zionist. No one knows for sure who are these beast taking our money. I think it is the whole world governments they all are responsible of world Economy all of them are the beast not just IMF & World banks. We have put Jewish Mad-off to prison now we must find the rest of the hungry Beast :))))
64Hulya 2 months ago
You do make plenty of sense!
TedMan74 2 months ago
I like the way you explain your position. Americans becoming more aware isn't likely to do much of anything to resolve this. Most are aware of far more than we think, the problem is what can be done about it. We, US citizens, can stop much/ all of this by banking off shore. If you take away the funding of the IMF, you take away their power to lend. We cannot 'vote' the Fed out of existence, we just don't have that power. The solution is simple, hard part is how to convince US citizens to do it.
barto11000 2 months ago
END THE FED get rid of the insane income tax that came with it the money goes to pay the interest for these criminals to create this fiat garbage none of it goes to the country
MSM586 2 months ago
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@MSM586
More lies, huh? All revenue from the income tax goes to the Treasury. The Fed also pays the Treasury 94% of it's profits.
RetSquid 2 months ago
You obviously did not understand what I said in my last response. Read it again!!! ALL banks use what is termed the fractional banking system which comes from the Modern Money Mechanics Federal Reserve system. I know all about this fractional banking system and how it works. Remember that it comes from the Federal Reserve. Ron Paul is the one who started the movement to end the Federal Reserve System, IDIOT!!!
chessnyt 2 months ago in playlist More videos from moneyandpowerbook
@chessnyt please dont try and educate me on this with your distorted views about what is economics, im fully aware of fractional multiplication, im aware of modern money mechanics... its all garbage...
all that shits after the fact, after a bank obfuscates a promissory obligation into a debt owed to itself, an intervening party between the obligor and the true creditor who just publishes the evidence of our promissory obligations... banks do absolutely nothing but rob us blind
ott0Kitam 2 months ago
@chessnyt youre clueless mate, so be quiet... you have no idea what money is, represents or where it comes from *conception*... forget about the fed forget about the moronic ideas that moneys created in banks or governments, or is pulled from thin air or ben bernankes ass or all other garbage people are taught.
moneys a secondary representation of the ONLY true thing of value --->when a man signs a promissory obligation//he makes a promise to deliver something of value to a creditor<---
ott0Kitam 2 months ago
@ott0Kitam Well if you are against ending the Federal Reserve, then nothing will change in the banking system so you just keep right on fighting the people who are trying to close it down so you can make sure you continue to be screwed by the crooked banks and be able to whine about it on YouTube.
chessnyt 2 months ago
@chessnyt fine brother :)
if youre in agreement we should end this imposed system of artificial indebtedness(BANKS), thats just been laundering all the principle(it ever issues) back into its possession, and charge us interest on for their hard work... then im with you. we agree.
if not, well.... ???
ott0Kitam 2 months ago
@ott0Kitam I'm tired of the phony debt which can only lead to more debt which in turn is actually perpetual debt. It's completely as you say...legalized laundering and getting paid to simply make a public record of a debt. I totally see it the same way. Believe me. Nobody wants to shut them down as much as I do. The whole banking scheme is insane and is nothing more than a farce.
chessnyt 2 months ago
@moneyandpowerbook: awesome!! you rock again Steven!!
NuEliteSociety 2 months ago
and degrees in economics... are worthless
ott0Kitam 2 months ago
Thanks, good video - there is a shortage of Cash in the world!!
Megahs2010 2 months ago
Banks, corporations, US government, what's the difference? They have all been
infiltrated by a bunch of zionist mammon slime.
THEUSSLIBERTY67 2 months ago
My brothers how are we suppose to protect our self's? As long as these Mafia leaders steal & rule the Banks we cannot protect our self's or the world Economy. We can't solve the problem as long as those Beast are in charge of the world banks & world Economy. Is there a person at least can solve this problem? Where are those Politicians we vote aren't they suppose to protect us & the world Economy? Why are they in government if they cannot even do that?To me seem like the government is the Mafia.
64Hulya 2 months ago
@64Hulya The politicians are owned by powerful corporations and bankers. These interests keep an eye on how our (their) politicians vote. If they vote for a bill that is contrary to their agenda, they cut off backing of these politicians and they can not get reelected without large campaign contributions. Voting against their interests is a political death wish. The only flicker of hope we have now is Ron Paul who they did not even invite to the upcoming presidential debate.
chessnyt 2 months ago in playlist More videos from moneyandpowerbook 2
@chessnyt no.
ron paul is not the answer. hes another puppet-politician put in front all the zombie citizens to chase after like some kind of magical kite to follow in the sky.
the only solution, that will ever work and last (EVER) is we take back our money... fuck banks slithering in between any obligor and creditor... end all banking... they steal everything...
honestly we may as well just flush what money we have down the toilet, coz its the same effect/result as believing in banks
ott0Kitam 2 months ago
@ott0Kitam Yes. Ron Paul is the answer and if he were who you falsely accuse him to be, then the Jewish bankers would have welcomed him to the upcoming Jewish sponsored presidential candidate's debate but they did NOT. Google "Jewish debate without Ron Paul". I couldn't make this stuff up. You're busted dude. Go back and tell your banker friends I blew your cover ;)
chessnyt 2 months ago in playlist More videos from moneyandpowerbook
@chessnyt the issues not which guy to vote into office, the issue people should be talking about is that there is never any debt to any bank. ever.
yet the bank will, by obfuscating a mans(obligors) promissory obligation to another man(true creditor-the giver up property), falsify that into a debt owed to themselves(the bank)... how does a bank "loan" what it doesnt have? and then charge interest on top of that?? or how can a bank forclose on something it never gave up???
you dont get it
ott0Kitam 2 months ago
@ott0Kitam I understand that you have falsely accused Ron Paul as being another puppet and that makes you one with the bankers' interests. Ron Paul is also the one (btw) who started the audit the Fed movement in the first place as a first step in closing it down (phasing it out). It doesn't take a Masters degree in economics to see who got bailed out and who did not.
chessnyt 2 months ago in playlist More videos from moneyandpowerbook
@chessnyt lol youre a moron and dont even understand what i just said.
im telling you: that the banks are raping us, always have, and always will until we get rid of them.<-- so how is this me working for the banks? fool open your eyes to what this means and forget about ron paul, obama, batman, or whoever distracts you from this fact.
ott0Kitam 2 months ago
@chessnyt banks are killing the economy coz theyve distorted all of our promissory obligations into debts owed to themselves for being the mere publishers of the evidence of our promissory obligations, which (again) are to each other, obligor to creditor, and not to the banks... no debt is ever owed to a bank...
but you dont/cant comprehend what this means it seems
ott0Kitam 2 months ago
bankers dont make loans... bankers intervene and misrepresent our promissory obligations (to each other*obligor to creditor*) and and falsify that into a debt owed to themselves just for the act of publishing the evidence our promissory obligations...
money changers should fucking die :)
ott0Kitam 2 months ago
theres never been any debt owed to any bank ever... people create money... not banks, not governments...
the only way to turn this nightmare around is for people everywhere to understand this, and see banks as the intervening parasitical entities that they are who do nothing but steal circulation and launder original principle into their possession...
there is no solution existing, nor will there ever be, if we stay within this broken framework of phoney(and dominant) economic thought
ott0Kitam 2 months ago
well put simple as to have laymen understand....keep em coming
rolling422 2 months ago
@moneyandpowerbook This video is very well done and I commend you for such a short but to the point message that is NOT being told in the mainstream media. More effective than all the protesting in the world is to vote for politicians that are not supported by the business sector. People need to wake up and realize that both party's leaders (Bush Jr. & Obama) have and will continue to bail them out and do their bidding for them. Our bailout will never come with business as usual.
chessnyt 2 months ago
It is a macro economic re-engineering that is going on now. One of the things that has destroyed cities and neighborhoods in the US was all the lending going on to make home ownership into rentals. This goes back to the 70s. Because of the high interest the landlord did not and could not put capital back into the properties so they declined. By 2008, they had no real value except to speculators because the capital was taken out of them. It is a model for the world.
eottoe2001 2 months ago
i like your video,but i have to tell you its too late to wake up now Chinese on the way to lead the world as USA were before..
GhostHawk76 2 months ago
@GhostHawk76
No company was ever forced to close up and move (first to Japan, then Mexico et al) and now China (India)----China merely accepted the goodies. For a politician to rail against Chinese trade practices is to show how sadly laughable our plight is. These are GLOBAL companies who control these globalized pols.
We see that Karl Marx was right all along but we continue to worship the corporate God, Jesus Christ, + His pals e.g. Boehner--Perry-Obama. Why?
lumpagogo 2 months ago
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@lumpagogo And China will be their vessel.
Motive11331 2 months ago
@GhostHawk76 Very true, with the help of the American capitalist and corporations. Money talks and bullshit walks and the American people are in deep bullshit.
Dwicker64 2 months ago
cia controls everything
themeaningoflife38 2 months ago