I would be careful assuming that our world is run by 5 jewish bankster families.After all,conspiracy theories have also supported the hatred needed to mobilize people,to do sometimes very awful things.Here is a movie about Rothschilds /watch?v=60M2x0zjh60 ,a Nazi-Popaganda movie about the rise of the Rothschields banker's family,that was used to get crowds heatened up agains jews,leading to holocaust.Whenever I read something about conspiracy theories,I just hope people don't go grazy again ...
Some people just don't get it even with this simple video! If I put a $100. in the bank they just push a button and $900 more gets created on their books. So your account gives the bank a line of credit 9 times greater than your account. They charge you for your checking account and charge interest on money they loaned out from the 90% they never had to begin with. Cheap money and interest = debt, inflation, and eventual collapse of system.
Protect "CHILDREN Shots, Aspartame, NeoTame etc changing our DNA"NEUROTOXIN'S" Cancer films at wwwFLUORIDEALERTorg
EARS & PENEAL GLAND have CRYSTALS Politicians use TV SSSS WAVES A WAVES VOTE for ME,Silent Mess delivered by Cell Towers,Little HAARPS SURRENDER= KILL, 8hz Calm Us, Higher INSANITY & Kill Millions see Films GOD VIRUS, ILLUMINATI HAARP MilitaryPsyOps, MONSANTO MarsBoy683&FIAT EMPIRE
Sorry, if a bank gives you a loan, they absolutely do take money that they have on deposit and loan it to you. But they do not "create" anything out of anything. Interest is nothing more than a service charge for passing a coin from from one person that does not want to use it at the moment, to another person that wants to use it at the present.
The Occupy movement should try to get their hands on television and radio stations and newspapers. Only then will they really reach the masses. This YouTube videos are also important; but in the end only people that is really interested in this subject and in the movement watch them.
So much baloney. If I have a ten dollar bill in my billfold ( demand deposit ) that I don't want to spend just yet, and I loan it to you and you put it in your billfold ( demand deposit ) with your promise that you will find that ten dollars and borrow it back and give it to me so I can put it back into my billfold to spend, has any money been created? No. Banks don't "create" money, they preform the function of moving money "along", ( interest being the service charge ).
@GaussTruth If you take out a loan on say $100 the bank does not take existing money out of their supply to give to you. They create that money out of thin air and then 90% of the money can be lent out to another customer. Plus they get to charge interest on that money. Money that does not exist in the money supply. How is that going to be re-payed? This can only lead to more debt. I'm sorry if you can't understand the problem with this, but I don't know how to explain more simply.
Any President (including Obama) who tries to do anything about this will just be assassinated like JFK. The only thing that will work is the might of the masses on the streets or at home, don't go to work or school, purchase ONLY necessities, don't pay your mortgage, move your money to a credit union, put up a pup tent on your front lawn in solidarity and anything else you can think of to deliver the message that the Federal Reserve must go.
Hey there! Have you tried Megamaxi Money Maker (do a search on google)? Ive heard some amazing things about it and my work buddy earned crazy amounts of cash.
ok. so money is created by the bank equal to the deposit. The majority is loaned out. What happens when the borrower repays the bank: the interest makes the profit of the bank, the rest is destroyed? If so how?
We borrow money to make money... that means that we always will owe more (interest) than will ever exist. It is not possible to ever be paid in full with this system. It is designed to fail. It's a company store policy. A monopoly on the people. (Load 16 tons, what do you get? Another day older and deeper in debt.)
In my opinion, money is only what we say it is. People accept to get money for products because then they can give money and get other products. Money is really nothing more than paper that we give value to to make exchanges easier
"Taking on nearly religious proportions, the established monetary institution exists as one of the most unquestioned forms of faith there is. How money is created, the policies by which it is governed, and how it truly affects society, are unregistered interests to the great majority of the population....." GREAT 30 MINUTE FILM. END THE FED !!! RON PAUL 2012 !!!!!
@0megaSapphire It could and actually that's a solution some economist are offering now. At some point Lincoln also did the same thing and printed the green back money. The reason it doesn't today is because the central bank is like a mafia. They assassinate those politicians that raise up against them (i,e,JF Kennedy, Jackson, etc) and bribe the rest (i.e.Obama, Bush, etc).
Abolish the private jewish federal reserve.Since 1913 they have destroy the country.They have create wars,depressions and brought poverty to America,their final goal in total destruction.
Read this book for free on internet to understand all the problem America is facing.
money only exists by law. it is different from debt or credit. Please read "The Lost science of money" by stephen zarlenga. to understand money, credit and debt.
The Greenbacks (Abraham Lincoln) were the only real money that the Americans recently had. The US government should create its own money like as they did the Greenbacks.
@sandugandhi Nobody should have monopoly on anything including money, especially the government. If there's a real free market, bussineses will compete for printing money and the price and quality of this service will improve in time until that sort of a problem becomes history. As for this video my advice is - STOP WATCHING STUPID CONSPIRACY THEORIES! Although they tend to consist of some true bits and pieces once in a while, yet most of it is totally misleading.
Oh yeah and one more thing. Stop with this starving children bullshit! It is not US fault that there are starving kids in Africa's countries or whatever other bullshit 3rd world land they were refering to. The problem is there are barriers created by there own governments making it impossible other countries to develop somehting prosperous in those shitwholes. Pure capatalism that's what the world needs oportunities not free aid and money.
America have people called econoic hitmen that go over to these countries and starve them of the money/resourses they currently have.Furthermore tied aid also has its effect.I agree with your point about capitalism;it seems like it is one of the worst systems to be imposed on this earth
@TheEntreprenenuer...Seriously? "There are barriers created by there own governments making it impossible other countries to develop something prosperous" You can't put a sentence together properly.Besides that you don't know what your talking about! All those "third world countries" have put themselves in a situation where they cant be prosperous? Sounds like pure american ignorance. The United States, Great Britain and all the other world powers have nothing to do with the current state?
RoySC1, we cannot go back to gold & silver. 1 (one) year of world's output (2007) is $70 trillion. ALL gold ever mined worth around $5 trillion. There is physically not enough gold to mine, mint and match up all the goods and services we are producing. If the gold would be the currency, if no currency cannot be mined/minted, why people would produce things?
This has nothing to do with your argument that we should not borrow so much. Whatever the currency (paper/gold), excess borrowing is bad.
Tthe United States government, your Congress, gets its authority for that $10 billion in bonds that it sends to the FED from your Constitution. in Article I, Section 8 it says, Congress shall have power to borrow money on the credit of the United States. This is the root cause of our financial problems. This power should be taken away from Congress by an amendment. Then there would be no debt for the FED to monetize, and we could go back to real money - gold and silver.
@RoySC1 Your comment is a knowledgeable one. This is another example of how most arguments about the mounting debt are beside the point and how legal documents that we all depend upon [our constitution, as one example] have within them, the qualifying language which manages to fool the unwary [99.9 %] and keep them from understanding how they are being truly impacted. This represents cynicism beyond comprehension. I have railed against this duplicity all my life.
How did I pay off my house? How am I debt free? If money is debt and debt is money then it seems to me something has been left out. I should be going to work right now but I don't have to...go figure.
(to Mike, cont.) There are always ways to _plan financially & responsibly_ to have a root over the head at 65. Loaning a lot of money for big interest to buy a house one cannot afford isn't a good plan. The problem is not buying or owning. The problem is people wanting to have what is beyond their means, and not knowing what their "affordability" limits are to begin with. There are 2 ways to learn this: the easy way, and the hard way. Defaulting on a loan too big & losing house is the hard way.
Mike, congratulations for being close to pay your house off, it means you afford it! Good for you. The problem is not owning. The problem is affording. If one cannot afford a house, it should buy a smaller/cheaper = borrow less, not borrow more. Buy a small 1 bedroom apartment = smaller loan than for a small home. Or rent 1 room, invest in education, make more, then loan own means (what I did). My point is: too many people take too big loans not affording, when they could still lived with less.
@brettymike Renting is cheaper. Or buy a smaller house. I see here families of 4 buying 3K sqft houses! Don't buy a house because the society is telling you must to. Stay within your means. When loan for 30 years, if only the husband work, the family implicitly assume that over 30 years husband will have constant employment. And the house is not your until paid off. Very bad assumption, IMHO. Rent cheap, save for bad days, and you will always have a roof over your head.
@brettymike Renting is cheaper. Or buy a smaller house. I see here families of 4 buying 3K sqft houses! Don't buy a house because the society is telling you must to. Stay within your means. When loan for 30 years, if only the husband work, the family implicitly assume that over 30 years husband will have constant employment. And the house is not your until paid off. Very bad assumption, IMHO. Rent cheap, save for bad days, and you will always have a roof over your head.
@brettymike you can rent instead. It is much cheaper, more affordable. The house is not yours until you pay it off, if it will be ever paid. One doesn't need 3K sqft for a family of 4. Nobody's forcing you to buy a house beyond your means. When only the husband is working and they get into a 30 years mortgage,the family assume he will always have work to pay it? Bad assumption. Rent cheaper, save for bad days, and you will always have a roof over your head. Think before loan,don't imitate others
@cosmosjunkie: that "something of value created from work" requires a quantifiable metric for "how much value". Money are such a metric, not the only one (coins of gold, matches, anything can be a metric of value). Money are just the most convenient way of measuring value and exchanging something of value for another (I carry a debit card, not a sack of coins).
Nobody forces you to take loans. I live without loans. I handle money (cash or debit), I don't have loans.Loans are for greedy
(continued) Look at nations heavily in debt, and notice the correlation between their low productivity and high life style, like Greece: dancing and drinking coffee all day long, 14 monthly salaries for 2 hours of work, tax evasion, high class life on debt. You don't need money or macro-economics to realize that luxury life based on laziness cannot last forever. Their money problem are just a reflection of the real life, not vice-versa.
(continued). A responsible government shall measure the economic activity, and enlarge or reduce the money supply accordingly. Simply printing more money does not creates wealth, just inflation (more money buys same supply of goods -> relative price increase). Wealth is only created from efficient work. There is no other substitute or that than work. Money just measure who is efficient, who gets limited resources relative to the others individuals and companies in an economy.
What you present is only 1/2 of the truth. Half trusts are dangerous. Money are a *relative* unit of measure. They measure hard work, success, influence, decisions. Out of thin air goods and services are created too. If all of a sudden my neighbor ask me to wash his car and I demand $10, $10 worth of service just appeared, and $10 in notes must be created. If I go in the middle of the ocean and I fish some fish which I later sell, money must be created to reflect that newly goods on market.
@socrate76 You're missing the point.Money is worthless.It has no true value. Now if someone works or provides a service, that someone is providing something of value.Money is made from nothing with interest tacked on, and that debt is passed on to you.Good luck trying to pay back the interest, because that money does not exist. So we have to take new loans out to pay back the interest, and these new loans are charged interest. So it creates a perpetual debt that cannot ever be repaid.
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I would be careful assuming that our world is run by 5 jewish bankster families.After all,conspiracy theories have also supported the hatred needed to mobilize people,to do sometimes very awful things.Here is a movie about Rothschilds /watch?v=60M2x0zjh60 ,a Nazi-Popaganda movie about the rise of the Rothschields banker's family,that was used to get crowds heatened up agains jews,leading to holocaust.Whenever I read something about conspiracy theories,I just hope people don't go grazy again ...
NeoCorporatism 1 week ago
Banker Terrorists must be Destroyed
jesswlawson 2 weeks ago
love the video really good
jessyjessy4 3 weeks ago
i enjoyed this vid
smuggecko 3 weeks ago
Some people just don't get it even with this simple video! If I put a $100. in the bank they just push a button and $900 more gets created on their books. So your account gives the bank a line of credit 9 times greater than your account. They charge you for your checking account and charge interest on money they loaned out from the 90% they never had to begin with. Cheap money and interest = debt, inflation, and eventual collapse of system.
RON PAUL IS THE ONLY ONE THAT WILL STOP THIS
Beeman56258 1 month ago
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turning us TRANSHUMANS
Protect "CHILDREN Shots, Aspartame, NeoTame etc changing our DNA"NEUROTOXIN'S" Cancer films at wwwFLUORIDEALERTorg
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deadadelta 2 months ago
@Zoulz666
Sorry, if a bank gives you a loan, they absolutely do take money that they have on deposit and loan it to you. But they do not "create" anything out of anything. Interest is nothing more than a service charge for passing a coin from from one person that does not want to use it at the moment, to another person that wants to use it at the present.
This is how banks make their money.
GaussTruth 2 months ago
@GaussTruth And GOD what a charge that "service" takes on our Republic!
musicalidea 2 months ago
@musicalidea
Not so!
The interest rate determined by banks to consumers ( meaning me and you ) is determined by supply and demand for loans,
GaussTruth 2 months ago
The Occupy movement should try to get their hands on television and radio stations and newspapers. Only then will they really reach the masses. This YouTube videos are also important; but in the end only people that is really interested in this subject and in the movement watch them.
tomyklauss 3 months ago in playlist 2
So much baloney. If I have a ten dollar bill in my billfold ( demand deposit ) that I don't want to spend just yet, and I loan it to you and you put it in your billfold ( demand deposit ) with your promise that you will find that ten dollars and borrow it back and give it to me so I can put it back into my billfold to spend, has any money been created? No. Banks don't "create" money, they preform the function of moving money "along", ( interest being the service charge ).
GaussTruth 3 months ago
@GaussTruth If you take out a loan on say $100 the bank does not take existing money out of their supply to give to you. They create that money out of thin air and then 90% of the money can be lent out to another customer. Plus they get to charge interest on that money. Money that does not exist in the money supply. How is that going to be re-payed? This can only lead to more debt. I'm sorry if you can't understand the problem with this, but I don't know how to explain more simply.
Zoulz666 3 months ago
Any President (including Obama) who tries to do anything about this will just be assassinated like JFK. The only thing that will work is the might of the masses on the streets or at home, don't go to work or school, purchase ONLY necessities, don't pay your mortgage, move your money to a credit union, put up a pup tent on your front lawn in solidarity and anything else you can think of to deliver the message that the Federal Reserve must go.
km4040408 3 months ago 7
Hey there! Have you tried Megamaxi Money Maker (do a search on google)? Ive heard some amazing things about it and my work buddy earned crazy amounts of cash.
DrGardziol 3 months ago
Fractional Reserve banking is quite the magic trick - too bad the debt collector is knocking on the people's door instead of the magician's.
gingerjen888 3 months ago
wow
jk loseer
maddog9003 4 months ago
wow
jk
maddog9003 4 months ago
wow
maddog9003 4 months ago
ok. so money is created by the bank equal to the deposit. The majority is loaned out. What happens when the borrower repays the bank: the interest makes the profit of the bank, the rest is destroyed? If so how?
tacticalmastermind 4 months ago
We borrow money to make money... that means that we always will owe more (interest) than will ever exist. It is not possible to ever be paid in full with this system. It is designed to fail. It's a company store policy. A monopoly on the people. (Load 16 tons, what do you get? Another day older and deeper in debt.)
promethiusrising 4 months ago
You know the federal reserve is only accountable for 7% of the national debt....
punk4life516 5 months ago
@punk4life516
Well, that's without counting inflation, which is also their fault, isn't it?
SSTTEEAALLTTHH 4 months ago
@SSTTEEAALLTTHH In a sense it could be, but here's what I think it's also our fault for inflation as well don't you think?
punk4life516 4 months ago
@punk4life516
lol at "punk4life" defending the fed. Some punk you are, punk.
justanotherbum007 4 months ago
@justanotherbum007 fuck you i'm not defending the fed I'm defending the truth asshole, if you wanna see a punk I'll fucking burn your house down.
punk4life516 4 months ago
Go wear a tinfoil hat you dickheads
vvillem9 5 months ago
@vvillem9 quit watching so much porn.
votumseparatum1 5 months ago
Interesting name, uploader.
Great video.
fonkymaster 5 months ago
In my opinion, money is only what we say it is. People accept to get money for products because then they can give money and get other products. Money is really nothing more than paper that we give value to to make exchanges easier
NoneNameAvailable 6 months ago
@NoneNameAvailable that's a fact not an opinion
0altaer0 6 months ago
@0altaer0 if its a fact why the whole world has problems with something hes controling?
NoneNameAvailable 6 months ago
@NoneNameAvailable because very few people are willing to stop recognizing money as a valuable commodity and simply give eachother what they need.
0altaer0 6 months ago
@0altaer0 I think its against the law to refuse money as payment... plus i dont have anything that somebody needs other than money
NoneNameAvailable 6 months ago
@NoneNameAvailable No, the method of payment needs to be agreed upon by both participants.
MrBarelylethal 6 months ago
"Taking on nearly religious proportions, the established monetary institution exists as one of the most unquestioned forms of faith there is. How money is created, the policies by which it is governed, and how it truly affects society, are unregistered interests to the great majority of the population....." GREAT 30 MINUTE FILM. END THE FED !!! RON PAUL 2012 !!!!!
LibertyEvolution 6 months ago
So many sheeple...so many of you misunderstand are still confused...hint...buy PM's
thismanhurrr 6 months ago
Maybe I'm a little slow... but why, when the government needs money, doesn't the government just make the money itself? Confused.
0megaSapphire 7 months ago
@0megaSapphire dude.. its because the worth of the money will still be the same .
the government cant just print more bills cause the value of it will still remain
perchwong94 7 months ago
@0megaSapphire It could and actually that's a solution some economist are offering now. At some point Lincoln also did the same thing and printed the green back money. The reason it doesn't today is because the central bank is like a mafia. They assassinate those politicians that raise up against them (i,e,JF Kennedy, Jackson, etc) and bribe the rest (i.e.Obama, Bush, etc).
whocareshookershook 6 months ago
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A biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.
PositiveMoneyUK 8 months ago
4:17 How come it didn't work for me?
compfreak8 8 months ago
Wow. This is insane. The entire monetary system is a virtual Ponzi scheme.
occams99 8 months ago
I still don't think that I understand a thing of it!
How do paper bills end up in people's hands from the government?
rebelq1 8 months ago
All in favor of nationalizing the banking system in the interest of all people say "I".
I!
professornuclearbomb 9 months ago
how is mannny formed?
Creem16 1 year ago
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@Creem16
check this out for beginners
sites.google.com/site/nrflsp/home/about-money
sandugandhi 1 year ago
@Creem16 how goverment get valuta
They need to do way instain money
vvillem9 5 months ago
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Abolish the private jewish federal reserve.Since 1913 they have destroy the country.They have create wars,depressions and brought poverty to America,their final goal in total destruction.
Read this book for free on internet to understand all the problem America is facing.
Who Is Esau-Edom...Who Is Esau-Edom..
MsMihailescu 1 year ago
Nice production. Thanks and have added it to my channel favorites. Before youtube is completely censored.
FrankensteinFinance 1 year ago
money only exists by law. it is different from debt or credit. Please read "The Lost science of money" by stephen zarlenga. to understand money, credit and debt.
The Greenbacks (Abraham Lincoln) were the only real money that the Americans recently had. The US government should create its own money like as they did the Greenbacks.
sandugandhi 1 year ago
@sandugandhi Nobody should have monopoly on anything including money, especially the government. If there's a real free market, bussineses will compete for printing money and the price and quality of this service will improve in time until that sort of a problem becomes history. As for this video my advice is - STOP WATCHING STUPID CONSPIRACY THEORIES! Although they tend to consist of some true bits and pieces once in a while, yet most of it is totally misleading.
TheEntreprenenuer 1 year ago
@TheEntreprenenuer
Please kindly do read this attachment. There is so much to tell
sandugandhi 1 year ago
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Respond to this video...
Theres is so much to tell. Please kindly read this attachment on sites.google.com/site/nrflsp/home/about-money
sandugandhi 1 year ago
This has been flagged as spam show
sites.google.com/site/nrflsp/home/about-money
sandugandhi 1 year ago
@TheEntreprenenuer said the retard
JL0183 10 months ago
Oh yeah and one more thing. Stop with this starving children bullshit! It is not US fault that there are starving kids in Africa's countries or whatever other bullshit 3rd world land they were refering to. The problem is there are barriers created by there own governments making it impossible other countries to develop somehting prosperous in those shitwholes. Pure capatalism that's what the world needs oportunities not free aid and money.
TheEntreprenenuer 1 year ago
@TheEntreprenenuer
America have people called econoic hitmen that go over to these countries and starve them of the money/resourses they currently have.Furthermore tied aid also has its effect.I agree with your point about capitalism;it seems like it is one of the worst systems to be imposed on this earth
umar100000 1 year ago
@TheEntreprenenuer...Seriously? "There are barriers created by there own governments making it impossible other countries to develop something prosperous" You can't put a sentence together properly.Besides that you don't know what your talking about! All those "third world countries" have put themselves in a situation where they cant be prosperous? Sounds like pure american ignorance. The United States, Great Britain and all the other world powers have nothing to do with the current state?
sina23077 9 months ago
RoySC1, we cannot go back to gold & silver. 1 (one) year of world's output (2007) is $70 trillion. ALL gold ever mined worth around $5 trillion. There is physically not enough gold to mine, mint and match up all the goods and services we are producing. If the gold would be the currency, if no currency cannot be mined/minted, why people would produce things?
This has nothing to do with your argument that we should not borrow so much. Whatever the currency (paper/gold), excess borrowing is bad.
socrate76 1 year ago
Tthe United States government, your Congress, gets its authority for that $10 billion in bonds that it sends to the FED from your Constitution. in Article I, Section 8 it says, Congress shall have power to borrow money on the credit of the United States. This is the root cause of our financial problems. This power should be taken away from Congress by an amendment. Then there would be no debt for the FED to monetize, and we could go back to real money - gold and silver.
RoySC1 1 year ago
@RoySC1 Your comment is a knowledgeable one. This is another example of how most arguments about the mounting debt are beside the point and how legal documents that we all depend upon [our constitution, as one example] have within them, the qualifying language which manages to fool the unwary [99.9 %] and keep them from understanding how they are being truly impacted. This represents cynicism beyond comprehension. I have railed against this duplicity all my life.
olga2415 1 year ago
How did I pay off my house? How am I debt free? If money is debt and debt is money then it seems to me something has been left out. I should be going to work right now but I don't have to...go figure.
wtopp345985 1 year ago
(to Mike, cont.) There are always ways to _plan financially & responsibly_ to have a root over the head at 65. Loaning a lot of money for big interest to buy a house one cannot afford isn't a good plan. The problem is not buying or owning. The problem is people wanting to have what is beyond their means, and not knowing what their "affordability" limits are to begin with. There are 2 ways to learn this: the easy way, and the hard way. Defaulting on a loan too big & losing house is the hard way.
socrate76 1 year ago 2
Mike, congratulations for being close to pay your house off, it means you afford it! Good for you. The problem is not owning. The problem is affording. If one cannot afford a house, it should buy a smaller/cheaper = borrow less, not borrow more. Buy a small 1 bedroom apartment = smaller loan than for a small home. Or rent 1 room, invest in education, make more, then loan own means (what I did). My point is: too many people take too big loans not affording, when they could still lived with less.
socrate76 1 year ago 2
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@brettymike Renting is cheaper. Or buy a smaller house. I see here families of 4 buying 3K sqft houses! Don't buy a house because the society is telling you must to. Stay within your means. When loan for 30 years, if only the husband work, the family implicitly assume that over 30 years husband will have constant employment. And the house is not your until paid off. Very bad assumption, IMHO. Rent cheap, save for bad days, and you will always have a roof over your head.
socrate76 1 year ago
@brettymike Renting is cheaper. Or buy a smaller house. I see here families of 4 buying 3K sqft houses! Don't buy a house because the society is telling you must to. Stay within your means. When loan for 30 years, if only the husband work, the family implicitly assume that over 30 years husband will have constant employment. And the house is not your until paid off. Very bad assumption, IMHO. Rent cheap, save for bad days, and you will always have a roof over your head.
socrate76 1 year ago 2
@socrate76 Didn't know you had answered till just now.
Its vital ,that everyone buys their house, renting is a huge drain on your income forever.
My morgage is now only a tiny payment compared to what it would cost to rent my house (will be paid off completely soon).
When ,you are retired out of work at 65 ,how are you going to pay that huge rent out of tiny pension ? Not much of a retirement is it ? ?
brettymike 1 year ago
@brettymike you can rent instead. It is much cheaper, more affordable. The house is not yours until you pay it off, if it will be ever paid. One doesn't need 3K sqft for a family of 4. Nobody's forcing you to buy a house beyond your means. When only the husband is working and they get into a 30 years mortgage,the family assume he will always have work to pay it? Bad assumption. Rent cheaper, save for bad days, and you will always have a roof over your head. Think before loan,don't imitate others
socrate76 1 year ago
@cosmosjunkie: that "something of value created from work" requires a quantifiable metric for "how much value". Money are such a metric, not the only one (coins of gold, matches, anything can be a metric of value). Money are just the most convenient way of measuring value and exchanging something of value for another (I carry a debit card, not a sack of coins).
Nobody forces you to take loans. I live without loans. I handle money (cash or debit), I don't have loans.Loans are for greedy
socrate76 1 year ago
@socrate76 Most poeple need a loan to buy a house,you've got to have a roof over your head.
brettymike 1 year ago
(continued) Look at nations heavily in debt, and notice the correlation between their low productivity and high life style, like Greece: dancing and drinking coffee all day long, 14 monthly salaries for 2 hours of work, tax evasion, high class life on debt. You don't need money or macro-economics to realize that luxury life based on laziness cannot last forever. Their money problem are just a reflection of the real life, not vice-versa.
socrate76 1 year ago
(continued). A responsible government shall measure the economic activity, and enlarge or reduce the money supply accordingly. Simply printing more money does not creates wealth, just inflation (more money buys same supply of goods -> relative price increase). Wealth is only created from efficient work. There is no other substitute or that than work. Money just measure who is efficient, who gets limited resources relative to the others individuals and companies in an economy.
socrate76 1 year ago
What you present is only 1/2 of the truth. Half trusts are dangerous. Money are a *relative* unit of measure. They measure hard work, success, influence, decisions. Out of thin air goods and services are created too. If all of a sudden my neighbor ask me to wash his car and I demand $10, $10 worth of service just appeared, and $10 in notes must be created. If I go in the middle of the ocean and I fish some fish which I later sell, money must be created to reflect that newly goods on market.
socrate76 1 year ago
@socrate76 You're missing the point.Money is worthless.It has no true value. Now if someone works or provides a service, that someone is providing something of value.Money is made from nothing with interest tacked on, and that debt is passed on to you.Good luck trying to pay back the interest, because that money does not exist. So we have to take new loans out to pay back the interest, and these new loans are charged interest. So it creates a perpetual debt that cannot ever be repaid.
cosmosjunkie 1 year ago
Hey,you forgot to mention ,the Fed. reserve bank system is owned and operated by a private family cartel that answers to no one.
brettymike 1 year ago 2
we r living in such a age in wich every one of us is a slave and with out knowing it, today the innocent is guilty and guilty is innnocent,
swati79 1 year ago
wow Amazing, 5 stars!
yourboyken 3 years ago