This is exactly what happened to the music industry too. The industry insiders keep all of the talented people out as to not have their positions taken. That's why many less talented people run the music industry.
This series (among other things) is making me consider studying economics. I'm called Adam Smith but I'm not from Kirkcaldy, maybe I'll write something notable one day though.
Leo Tolstoy: "Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal - that there is no human relation between master and slave."
The free market is not so great. It allows fruit that can be grown in France to be imported into e.g. Ireland from e.g. Australis instead -- a total waste of resources and a lot more damage to the environment.
@Laoch111 The free market has lifted more people out of poverty than any other system that has ever been thought of. It is the most natural. Millions of years of evolution has brought upon this system of interactions. The free market is evolution within evolution. There is no other alternative.
@Thedriftor Having doubt is just as powerful as faith. If you believe in something or don`t believe in it, you still believe in the absence from that reality. Modern Religion is false faith. Faith - truth + deception = turning away from the true God to believe in evolution.
@SinicalSoulja I was metaphorically speaking,of course. And I never denied the existence of any god. I apologize if I offended you, or any one else. By evolution I meant that the free market had risen above all other systems.
@Thedriftor You speak as if evolution (which you have been taught about by the same people who own you as livestock) is true & yet you deny the existence of God (which can only set you free), yet the evil greedy bastards who don`t want you to know the truth have created this knowledge as a distraction, so that you will spend your life arguing over beliefs rather than focusing on stopping the evils that they are committing behind the curtains.
One of the worst resource misallocations caused by fiat currency is the prison industry in the US. Two companies, CCA (Corrections Corp. of America) and GEC, each earning over $1billion a year, and a third one dominate the "field." They get inmates to work for wages lower than in Asian sweatshops and sell the fruit of their labor at US market prices. They refer to the inmates as "assets"; the "positions" this "industry" offers count as jobs.
Bottomline, government has grown continuously and no one can deny it. One cannot say that society is freer today than it was even 20 years ago. Interestingly, the rich have gotten richer at the same time that the government has grown, quite the coincidence. There are thousands more regulations than there were years ago and smaller businesses have a harder time competing with bigger ones, another coincidence? I think we need to wake up to the fact that the more power govt gets,the worseoff we are
You are saying exactly what I have been trying to tell people for awhile now...you said it much better than I ever could. I have shared this series with everyone I know. Great job!!
Great video. I am sick of all of the lies I hear about the economy. Those who believe this class warfare bullshit can go straight to hell. Collectivists are always confiscating other people's property.
Interesting stats and facts but I still haven't heard one word in these 4 parts that will help me get a job... sometimes knowing why you are unemployed is not enough and not helpful. These 4 parts are very much like the deficient education we received in public schools.... more fluff than meat. I guess this is what I'm suppose to explain to the kids when they're hungry
Also, i do like this video, but there is another view - the average incomes of people, with computers and women working and stuff, did not stay low because of the government at all... tax rates only got lower... all the wealth did NOT go to the government, but to the top one percent of people, who then simply stopped paying people what they deserved, invented credit cards etc and basically loaned people the money that should have been part of their wages... sorry but its true
@ToddBoyle works better then a managed currency study history with an objective point of view when a managed currency becomes worthless food and water become the true money of the world.
I have watched several of your videos and follow your logic and philosophy somewhat. The trouble I have is your continued use of the term "The Government" in such a singular entity easily termed and defined. Who the hell is "The Government"? Am i to assume the "The Government" is actually the residual families or associations previously described as the aristocracy? Or is "The government" the collective morality of the Democracy
@MrPaulezy He swaps "government" with the "state" interchangeably. It's simply the power structure that rules over us. Your assumption that there is such a thing as "collective morality" in democracy is scary. Do you honestly think that just because the majority of people want to take the minority's property and give it to themselves that that can EVER be viewed as moral?
I can agree a lot with what you say, but you need to drop the notion of productivity and women in the work place.
I attended a HS that required a 6 hr exam and parameters for qualification that most college students today could not meet. It was an all boy school, but the feminists protested. The school board opened to anyone who could pass the requirements. However, in order to allow any girls in they were forced to downgrade the requirements to 50% of what they had been.
Thank you for insulting, degrading and devaluing all the women who watch these videos by calling the movement for female liberation 'socialism with a pantyliner'.
Seriously, that was foul.
I liked 'The Story of Your Enslavement', but the rest is a bunch of silly nonsense from someone who doesn't seem to understand that the sick, the old, the very young, the disabled and the otherwise unable to 'compete in the free market' are not fed, clothed, housed, cared for and loved by 'the free market'.
@cjuniverse They are fed, clothed, housed, cared for and loved by PEOPLE who need food, clothes, homes, care and love themselves as well as intellectually/emotionally stimulating ways to occupy their time.
Look, I'm no fan of the government, or the money system. I think all work should be abolished and the basic necessities taken care of by machines...leaving humans to spend their time feeding, clothing, housing, caring for and loving each other...in addition to whatever else.
But government is not the issue (or rather, is a symptom of the disease and not the disease itself). Our collective refusal to put cooperation and peaceful coexistence ahead of domination and hierarchy is the issue. Domination and hierarchy are the disease, and their sick roots run deep. Eradicating those roots has nothing to do with taxes or government, and everything to do with letting go of the need to compete and hoard and one-up each other in the first place VIA taxes/government.
A world in which people viewed each other as allies instead of competitors would not need the systems we cling to so impotently now. There would be no need for government/taxes/war/police/anything other than simple, sane, sensible rules that would benefit everyone. Rules like: Don't kill each other. Don't hurt each other. Leave other people and the stuff they made alone unless you have permission. You break the rules, you take care of yourself.
Im 24 and currently unemployed. Before that I was in the Marine Corps I barely made any money for the hardships that I had to endure. Now I've been forgotten and I have been looking for a job for a year and am still unemployed. It seems I get a more negative reaction out of employers after I tell them I served in the military.
I have read your book "Practical Anarchy" and it is very well written, helps to expand on what you say here.
I was wondering if you could find the time to make a review for "Money As Debt II", since you already did so for the Zeigeist films and the venus project.
I think I have the perfect business or job for you. Sell gold. Gold is currently selling for more than $1600 per ounce. We sell 1 gram of gold for $52. That means the average person can now use gold as a hedge without too much cash. The cost to get involved is $0.00. Be sure to put my username, "greenshield" at the top of your online application. Learn more here: goldenladyfun.blogspot.com
Love your series. I explain all this, even using some colorful points, show the facts, some believe it others do not. Showing some the facts is like causing some another Nightmare on Elm Street.. You step on their insecurities. Some prefer the myth over the facts.
You made the claim that the wealthy would use aggression to stop the young from out competing them. So in a anarchy society what would stop the more wealthy guy from hire solders to bully the potential competitors?
What would stop Cronus from eating Zeus?
Wouldn't they start a government of their own and start a some what feudalistic culture?
The only thing I can think that would stop them with your idea is to always retreat and trade in new locations until they exhaust their resources.
@stefbot Like what you're doing, especially the way you use history to make your points. We are knee deep in propaganda and misinformation, entertainment and so many distractions these days. It's hard to get a clear perspective on anything. Reading history can make things alot clearer, because like the adage: "History repeats". Much of what we see today has happened before, minus the bs. I have to ask, have you a theory on survival after the state has gone? Hospitals, order, road networks, etc.?
this is the first time I come across such a open and unbiased view on a global economy. I also like the very last statement about the future on the human race. Totaly believe in everything this man says... and so glad to see there are more and more people like us emerging to think outside the box, use your brain to think independently, be curious and search for a way to peace, knowlende and freedom.
It's not the government IT IS the fractional reserve financial system that in effect constantly disappears the money supply!!and invests mostly in asset pricing bubbles! The government are as hapless as the rest of us what ever the political colour they may be!
@Zendout1 Dude, Chomsky's a left libertarian socialist who favors using the state to limit corporate power until such a time that we can eliminate the state. Stefbot's a libertarian anarcho-capitalist who wants to abolish the state ASAP and, unlike Chomsky, preserve property rights. I'm somewhat between their positions and have problems with both, but it's totally inaccurate to call Molyneux "Chomsky's poodle."
@QuantumTuba I agree with you that the insult was inaccurate to say the least. But I'm also uncertain where Molyneux and other ancaps really stand. I know where Chomsky stands and I totally despise the man, he's pure evil in my book. As a test, which corporations do you think are actually in bed with government? For example, what about Walmart, Google, Microsoft, Apple, News Corp. (Fox)? Has Molyneux made podcasts about specific examples?
Great point that if environmentalists knew reality, they would be more upset with Central Banking than anything else. Nothing compares to the waste and destruction of malinvestment promoted by a banking monopoly.
Thanks a lot for this series Stefan. Lots of info in little time, understandable an enjoyable for a big audience. Almost sounds like a description of no-braniac network tv, except for the "lots of info in little time, understandable an enjoyable" bit:) Keep it up and greetings from the Netherlands. Cheers.
Stefbot: Nice vids, thanks for tall of the advice. You seem to be very knowledgeable about many subjects. Have you checked out the documentary, Zeitgeist: Moving Forward? If not, watch it on youtube... I think you will find it relevant and interesting.
03:51 this is completly misleading..interest rate have noghing to do with money "in the bank"...money is literaly "created" at the moment of lending..interest rates are a mean of controlling the money supply (more people will borrow when interest is lower [wich is currently uccuing btw] thus creating more money in to existence)
@Imanuel17 Try putting together "banks in a free market" and "we don't have a free market"
You are correct about how things happen today in the current fiat money system. The one that isn't a free market. The one where manipulation of money and interest causes the booms and busts.
Thanks friend for the message!!! I am so glad to see that people are AWAKE to talk about these matters. Are you familar with the Venus Project and the Activist Arm ... The Zeitgeist Movement? If so, what are your thoughts? You are brilliant! Peace and Love my brother!
@Paralyt1c Trust me it's coming. When I realized years ago that the government wasnt getting a part of the money I am making online I knew it's just a matter of time these untaxed transactions are going to keep going on. I call it The Grace Period. There's already talks on how to tax Ebay,Paypal, Craigslist, etc, transactions in certain states. And guess what? Since all these transactions are electronic, they will know exactly how much you owe in taxes. Just give it a few years you will see.
@Paralyt1c Elements of a free market perhaps, but still bound by the use of government mandated money. Government is made of humans, they're not perfect, they can't screw up everything. Take what freedom you can find and count yourself lucky.
If one can make the government work for them through love, peace, law, and understanding, then, government wouldn't be so bad. Would it? No. wwwdot uscode dot gov is a good place to start. good luck. banking is the most fun.
Feminism was introduced primarily to destroy the family unit (hint: gender equality is an impossibility, delayed marriage = barren wombs). Of course, in addition to this pernicious social objective, you also get what I call the 'kill three birds with one stone' economic objectives.
1) Double the taxpayer population
2) Driving wages down
3) Prop up the consumerist economy (ever seen a typical woman on a shopping trip?)
@ThePythagoran Yeah, it's hard to solve the problems caused by the people whose pocket you have your hand in. It's like criticizing your boss at a board meeting.
Yeah, I have almost 2 yrs of stored food, water in a Berkey system, Silver, many types. GUNs and AMMO and wheat, lots! I have 8 months of meat I canned, I have Non Hybrid seeds and a friend or 2 with land! Ready.. You all better prep, I don't care if its mac and cheese and pork and beans! Food is cheap now, but only gonna get worse, far worse! Love my wheat grinder!!
@savgal1211 Heh I keep telling people to invest in gold & silver... copper, brass, steel, and lead. I'm getting about 90% blank stares and 5% sly winks... the rest is a mixed bag lol.
It is true. We are no longer a government of the people, but of the special interest group, of the war machine, and of the regulation of everything concievable, but a very strange thing occured not too long ago: recently (in the last 2 pres. terms) and during the Regan years, they "rolled back" governement as you suggest, busted the unions, and destroyed these things we all detest!
.
Wow, what happened then? Noam said the center would not hold. Well, this is what happens...when that happens.
Thank you for your insights. I am unemployed for the first time in my life, for about a month now. Many jobs I consider taking or ideas I have for making money or starting a company get shot down when I begin thinking about all the taxes and restrictions and regulations that I must immediately hurdle.
Currently, I am posting ads on Craigslist offering my services as a handyman, doing simple wiring or fixing sinks. But the incredible joke is that what I am doing is technically illegal.
Womens' liberation was pushed by the rich using the government as puppets. Their goal was to be able to tax the other (theoretically speaking 50%) of the people in the US. Parents then, in my opinion, were eventually forced to send their children to public schools where they are stripped of their natural curiosity, and told to conform with authority (be a good boy, just take your fluoride:) ). Now do you think its so bad to be a stay-at-home mom?
Flouride is bad. But there's no point in telling people how flouride is for them when they spend their weekends drinking gallons of alcohol until they pass out and throw up. Then get wired for work with a bump of coke and and an energy drink. People actually see the vomit and fumes coming out of their body and pass out, waking up with headaches... and you think they care about what flouride is doing to them?
In high doses, that no one would be getting in the first place unless you actually drink it pure. And so is water bad for you in a higher enough "dose." You fail biology AND chemistry.
"when they spend their weekends drinking gallons of alcohol until they pass out and throw up."
Wow you are an idiot if you think most Americans do that on the weekends.
@jaos2612 "Now do you think its so bad to be a stay-at-home mom?"
Stay at home moms are still taxed nonetheless, now the government and the most people recognize women as people (not entirely people, but more than just nurturers and child-bearers).
And why does the stay at home parent necessarily have to be the mother, anyway? It could be a parent from any sex (male, female, intersex etc.).
@jaos2612 The trajectory of femminism was co-opeted by capitalism and the free market.
Adam Curtis (check out his documentries) makes a lot more sense than Stefan Molyneux who appears to be little more than a mouth peice for the ultra US right wing.
@s32ialx Things like gold don't "run out" in a free market, they just become more valuable. The only things that can run out are things that can be destroyed, gold isn't one of them.
@Hashishin13 you miss understood what i mean. you are correct they become more valuable causing again what we have going on right now people with more of it and people with less of it making it more valuable and causing an inequality of lives
You are missing my point, say your paid an ounce of gold a month, if some rich guy starts hoarding gold, then prices of goods will decrease as there is less gold flowing around to buy it, this makes your wage worth more. If on the other hand the rich guy or guys spends a lot of gold then gold is worth less and so is your pay, but the division between rich and poor also decreases as the rish guys spent a lot of their wealth.
Currently your money ONLY goes down in value, regardless of spending.
@jjaggers there is not enough gold in the world to do so again now ...unless it reaches a fantastically high prices as it seems to be doing at $1500 an once as it currently is!
@jjaggers There is not enough gold to have a true standard with respect to natural inflation with population growth. We could eliminate our debt simply by the Treasury circulating treasure notes through commerce by buying back bonds, essentially taking reserve notes out of circulation in the process. After all bonds are bought back through Treasury notes, the Federal Reserve can then be abolished. I'd much rather have a fiat currency in the control of government than greedy private bankers.
@thepalmetto As I understand more about the economic system, I am inclined to agree with you on that. However, ultimately I am beginning to see that money systems in general are built upon the principle of scarcity and therefore will always be a means to enslave people. Perhaps the answer lies in credit exchange or resource based economies
@jjaggers Resource based economy?! Not even a remote chance that would work. There is no such thing as a utopian economic system. There are flaws in all of them. RBE proponents adamantly believe corporations are "withholding efficiency" from its system of operation and technology. That is a load of bullshit. Every corporation operates at its fullest efficiency to maximize profits. If there was some super secret efficiency formula, someone would have patented the shit out of it and make billions
@thepalmetto Add to that the fact that we have seen the effects of "equality" in economy, thanks to communism. People are inherently selfish and no one, not even you if I had to guess, would be happy just having the same commodities that everyone else. Talk about a boring fucking life. These concepts are against human nature.
@MrHoppers002 And this claim comes from the basis of what? Is there some kind of historical evidence of a nation whose economy failed and "fell back" on RBE? I can't even acknowledge a comment like this if you can't at least explain yourself. A simple statement claiming something is so just because does not constitute a good argument.
@MrHoppers002 You are putting words in my mouth. The point of a debate is to put forth valid points of information. It has nothing to do with hating a type of economy. It's all theory of what I think would and wouldn't work and WHY. You have not offered any explanation behind what you have said thus far. It does not matter what backs a currency, it only matters who controls it.
@MrHoppers002 I still have no idea what economies you are talking about. Can you give specific examples instead of being so vague? All economic crashes in the United States had little to do with capitalism or currency, they were directly caused by the Federal Reserve's manipulation of debt creation, inflation, and deflation. This is why the founding fathers and many statesman and presidents alike have spoken against having a central bank. Currency is not a bad thing, it's who controls it.
@thepalmetto The only thing corporations are efficient with is managing profits. I worked for a corporation that every year would destroy tens of thousands of dollars worth non-returnable merchandise after the Christmas season because it was not cost-effective to give toys to children's' charities. Reason- they got a bigger tax break taking a loss on it. You obviously only have a textbook understanding of corporate operations. I saw this happen year after year.
@jjaggers That's not the efficiency I'm talking about. I have worked in fab shops, machine shops, mills and plants of all variety so my opinion on this is factoring in an entirely different aspect of industry where quality control is one of the most important aspects of production. The efficiency I'm talking about is the balance between quality and cost-effectiveness in a competitive market. My understanding is as much text book as yours is all-encompassing, by your standards.
@thepalmetto As the American economy shifts from production based to service based, my example becomes more the norm. Whenever the pursuit of profit is paramount, the cuts which come in the name of efficiency usually take place in the form of worker's compensation and benefits (if they even occurred at all). This was what necessitated the formation of unions in the production sectors of the economy, which was stringently fought against by those in control of the means of production.
@jjaggers What is gold? A useless yellow stone that serve no purpose to human being or anyone. Even it does not look good or shiny, not able to be used in food. It can be used in electric circuits and thats it. It was useful when it was used as medium of exchange in STONE age.
@tiluu The reason for gold is because it's rare. When you walk outside your not walking on mass amounts of gold. It's native to our earth but it's not easy to come by so you can't just produce it out of thin air like a dollar. Gold is just a medium for barter to eliminate credit on chance of trust between one person to another. I agree with you that it won't feed your family during a crisis... You cant grow it, shoot with it, or eat it.. Well you can eat gold but it won't keep you alive.
@BrokenRT i still believe it was used as medium of exchange at that time when paper was not invented (stone age) and gold was hoarded by the king. It make me sick when people attach so much value to a stone, it just sound surreptitious ans stupid. If gold is rare or not it does not matter because it is just a stupid stone. Blondes are rare so tomorrow we start using blondes as medium of exchange? The idea of currency sounds more sophisticated.
That makes no sense, gold is an element, you can't make it by adding other things together. That's why it is valuable, it can't be made by anyone, it can only be mined. Unless you believe in alchemy and magic and disbelieve science, then you can turn lead into gold with the philosopher's stone.
@RetSquid Ah... so you're one of those people who believe that mankind have by far discovered everything? That is just pathetic... We might actually have discovered it, but these ''conspiracies'' as some people like to call them, may hide them from public. Who knows?
Yes, gold was discovered long ago. Repeat after me, "Gold in an element, not a compound or mixture, it cannot be created by man adding other things together." If you think gold can be created by man, you need to go back to Jr. High earth science class, nobody has claimed to be able to do that since the Dark Ages.
@RetSquid Ah the dark ages, the age that proves my point, we've discovered a lot since that time, I remember I read somewhere that in the 1700's or so, it was a fact that mice came from dirty shirts. What makes you think that every fact in this world is real? I mean seriously...
@RetSquid I'm sorry for speaking three languages, they can't all be 100% perfect, the grammar you see here is the best I can come up without further spellcheck... I'm sure you understand.
@RetSquid Yeah, I do know what that is... the problem with you, is that you can't accept the fact that the knowledge of humanity is not complete, therefor you take that as a fact, ever considered gold can be made, but is just hidden for public in order not to create economic chaos? Or just to control us even more?
And btw, glad to see it was just one single lack in the way I expressed myself, and not my grammar.
@RetSquid As far as I know there is a way you can actually make gold from other metals. Not sure what the process is called in English though. No one does this except for experimenting though, because it is very cost-inefficient.
It's called 'alchemy' and it's from the middle-ages, it was discarded along with the wizards who tried it.
You can convert platinum into gold, which is a bad idea because, 1. platinum is more valuable than gold and 2. it is an unstable isotope and it only lasts about 5 seconds.
I'm with Peter who else is with me? Take out the fiat currency that the buddy system up top abuses for their own gain. Let us localize from state to state, city to city, town to town a customizable easily tradable commodity for other goods (gold, wheat, granite, wood, whatever it takes), unabusable by outside interest for personal ill-gotten gain. Take out property taxes each of us as individuals contribute to our communities as tax enough so we can own our property. And no more stock market!
@JonB20 Not really...it's more of a partnership. The elite bankers are in control of the currency, but they only achieve and enforce this monopoly through getting government to pass the Federal Reserve Act and dictatorially declare it to be the only legal tender. Without the government enforcing this monopoly, the bankers currency would have to compete in the market like everyone else
@TSMPimpDaddyPain I see your point and at some point this may have been true. The government can still dictate the legislation, but they no longer have the balls to stand up against the banks. The last guy that did was JFK and look what they did to him. So yes, in theory you are correct, but not in practice.
We must also remember a well known quote of Mayer Amschel Rothschild "Give me control of a nation's money and I care not who makes the laws."
@JonB20 I'm not saying the bankers aren't in control, they certainly are. But if you look at their power before and after the Federal Reserve Act was passed, it's quite staggering. Before the government passed legislation to give them a "legal" monopoly, the bankers still had to compete.
@TSMPimpDaddyPain At a corporate level, I agree, they would have had to compete. But the people behind the bankers, have been in control a long time (see Rothschild's)
adam smith debunked your statements in wealth of nations. lincoln and aristotle were right. bildberger peter thiel's protege ron paul and the rockefeller foundation libertarians are wrong. the libertarians are a banker fraud.
private banks create money under the federal reserve system, not the federal reserve. the federal reserve was created as a gold standard, which also existed before the federal reserve, just the federal reserve put the big banks between the treasury and the small banks. lincoln was right. money is a legal instrument. money is statist. money should be public as a common means of exchange. private "free market" money has problems too, read adam smith to understand the facts on it.
Lincoln was right about not wanting a private bank to receive a state-enforced monopoly on the money supply. However, in other areas he behaved like a treasonous dictator.
So I would certainly take interest free government currency over that, but ultimately you would want to shift to allowing the people to freely choose their currency. Because as we all know, the state is a complete and utter failure at managing money and and budgeting.
In a true free market automation multiplies work to increase wealth. If a select few own the capital the majority live in poverty. If the capital is owned by all, then all benefit. You exchange human power for outside energy which allows you to live better. Only technology raises living standards, monopolies such as government are only able to divert productive labor to support the useless elite.
Hey Stef... interesting videos! I'd like to direct your attention to a thing called "The Venus Project" Its an incredible concept and something I would love to see us move towards to asap! :) If you dont want war, poverty, hunger, corruption.... google the venus project and study this carefully! :)
@seanybyne1982 Stefs not down with the VP. Hes into the whole libertarian ideology of how money should be used. I think, Keynesian economics, Hayeks free market economics, whats the difference. In the end they would both end up looking similar. Small percentage holding all the wealth, hence the power. Still, I wonder if Stef realizes that this could be the best way (IMO) to achieve his goal of peace and harmony in the world? We have the technology, lets put it to use for all of us.
1st. Timothy 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. You know I understand the word of politics, poli = many and a tic is a blood sucking animal
Now this video was absolutely spot on as far as the failings of fake currency in use at the moment, I have been touting that for ages. However there is a major problem in leaving it, and that is that all resources imaginable now have industrial uses and demands/supplies skyrocket and dive bomb constantly, so looking for a stable measure to back up currency would be damn near impossible, although necessary. And again I think you down play the role of large businesses in their control too much.
A gaggle of monkeys? Oh, and not always inflation. Between 1770s and 1911 inflation averaged zero percent (or close enough to make it no difference). Purchasing power remained the same. Dollars buried in 1770s would buy you the same quantity of goods and services in 1911. although the quality might be different and certainly the goods and services available would be different.
Housework was indeed mind numbing drudgery, but so was farmwork, which was where you would find the husband 100 years ago.
But what about todays factory work, is there any less drudgery on the assembly line ?
And what is the condition of the modern family ? With children swamped with homework or either absorbed in video games, while the parents are detatched from each other and their children, following after their own tailored & marketed induldgences.
I really appreciate you taking the time to make this :)
ArrowNin 21 hours ago
are you employed by the government to keep us under the impression that we have free speech...? ;)
TheOneLifeRider 1 week ago
This is exactly what happened to the music industry too. The industry insiders keep all of the talented people out as to not have their positions taken. That's why many less talented people run the music industry.
natefeez2 1 week ago 3
This series (among other things) is making me consider studying economics. I'm called Adam Smith but I'm not from Kirkcaldy, maybe I'll write something notable one day though.
Aolian 3 weeks ago
Leo Tolstoy: "Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal - that there is no human relation between master and slave."
The free market is not so great. It allows fruit that can be grown in France to be imported into e.g. Ireland from e.g. Australis instead -- a total waste of resources and a lot more damage to the environment.
Laoch111 1 month ago
@Laoch111 The free market has lifted more people out of poverty than any other system that has ever been thought of. It is the most natural. Millions of years of evolution has brought upon this system of interactions. The free market is evolution within evolution. There is no other alternative.
Thedriftor 3 weeks ago in playlist More videos from stefbot
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SinicalSoulja 2 weeks ago
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SinicalSoulja 2 weeks ago
@Thedriftor Having doubt is just as powerful as faith. If you believe in something or don`t believe in it, you still believe in the absence from that reality. Modern Religion is false faith. Faith - truth + deception = turning away from the true God to believe in evolution.
SinicalSoulja 2 weeks ago
@SinicalSoulja I was metaphorically speaking,of course. And I never denied the existence of any god. I apologize if I offended you, or any one else. By evolution I meant that the free market had risen above all other systems.
Thedriftor 2 weeks ago
@Thedriftor Well then, my apologizes for my misunderstanding. No offense taken.
SinicalSoulja 2 weeks ago
This has been flagged as spam show
@Thedriftor You speak as if evolution (which you have been taught about by the same people who own you as livestock) is true & yet you deny the existence of God (which can only set you free), yet the evil greedy bastards who don`t want you to know the truth have created this knowledge as a distraction, so that you will spend your life arguing over beliefs rather than focusing on stopping the evils that they are committing behind the curtains.
SinicalSoulja 2 weeks ago
@Thedriftor this.
beckdude5 4 days ago
Good work feeling more and more that my MBA has been a waste of time. Will watch your videos again you drive a very coherent argument.
adamsyoutubification 1 month ago
Chomsky is an ass.
bornbillsmith 1 month ago in playlist Why you are unemployed.
You're a great great man, Mr Molyneux.
QuantumGh0st 1 month ago
One of the worst resource misallocations caused by fiat currency is the prison industry in the US. Two companies, CCA (Corrections Corp. of America) and GEC, each earning over $1billion a year, and a third one dominate the "field." They get inmates to work for wages lower than in Asian sweatshops and sell the fruit of their labor at US market prices. They refer to the inmates as "assets"; the "positions" this "industry" offers count as jobs.
Warmongering is another such "industry."
Cindy8207 2 months ago
@Cindy8207 thats why you have marijuana illegal, to have cheap work force in these prisons...
marketanarchist2011 2 months ago
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@Cindy8207 thats why you have marijuana illegal, to have cheap work force in these prisons...
marketanarchist2011 2 months ago
I don't share your enthusiasm. I should have enough money to retire, but as I you said, it got hoovered. I see only bankruptcy in my future.
AnnRKey 3 months ago
Bottomline, government has grown continuously and no one can deny it. One cannot say that society is freer today than it was even 20 years ago. Interestingly, the rich have gotten richer at the same time that the government has grown, quite the coincidence. There are thousands more regulations than there were years ago and smaller businesses have a harder time competing with bigger ones, another coincidence? I think we need to wake up to the fact that the more power govt gets,the worseoff we are
elnik32 3 months ago
You are saying exactly what I have been trying to tell people for awhile now...you said it much better than I ever could. I have shared this series with everyone I know. Great job!!
AMY66354 3 months ago
Right on, Occupy Wall Street should demand small government, low taxes and elect Ron Paul
pahtai11365 3 months ago in playlist More videos from stefbot
Great video. I am sick of all of the lies I hear about the economy. Those who believe this class warfare bullshit can go straight to hell. Collectivists are always confiscating other people's property.
UltraConservative298 3 months ago
Interesting stats and facts but I still haven't heard one word in these 4 parts that will help me get a job... sometimes knowing why you are unemployed is not enough and not helpful. These 4 parts are very much like the deficient education we received in public schools.... more fluff than meat. I guess this is what I'm suppose to explain to the kids when they're hungry
BassicPeach 4 months ago
@BassicPeach
... guess that's why it's called "Why you are Unemployed" and not "How to get a job" ...
FinalRepublic 3 months ago 2
Also, i do like this video, but there is another view - the average incomes of people, with computers and women working and stuff, did not stay low because of the government at all... tax rates only got lower... all the wealth did NOT go to the government, but to the top one percent of people, who then simply stopped paying people what they deserved, invented credit cards etc and basically loaned people the money that should have been part of their wages... sorry but its true
HoRostam 4 months ago
Hard money and gold are worse than a managed currency. Do your homework people!
ToddBoyle 4 months ago
@ToddBoyle works better then a managed currency study history with an objective point of view when a managed currency becomes worthless food and water become the true money of the world.
Danman3ish 4 months ago
I have watched several of your videos and follow your logic and philosophy somewhat. The trouble I have is your continued use of the term "The Government" in such a singular entity easily termed and defined. Who the hell is "The Government"? Am i to assume the "The Government" is actually the residual families or associations previously described as the aristocracy? Or is "The government" the collective morality of the Democracy
MrPaulezy 5 months ago
@MrPaulezy He swaps "government" with the "state" interchangeably. It's simply the power structure that rules over us. Your assumption that there is such a thing as "collective morality" in democracy is scary. Do you honestly think that just because the majority of people want to take the minority's property and give it to themselves that that can EVER be viewed as moral?
munkyusm 4 months ago
@munkyusm robin hood muthafucka deal with it
HoRostam 4 months ago
@HoRostam Great mentality...so I guess your stance is "I'm okay with corporations taking bailouts as long as we get to tax them more."
munkyusm 4 months ago
I can agree a lot with what you say, but you need to drop the notion of productivity and women in the work place.
I attended a HS that required a 6 hr exam and parameters for qualification that most college students today could not meet. It was an all boy school, but the feminists protested. The school board opened to anyone who could pass the requirements. However, in order to allow any girls in they were forced to downgrade the requirements to 50% of what they had been.
AnalyzeIt 5 months ago
Thank you for insulting, degrading and devaluing all the women who watch these videos by calling the movement for female liberation 'socialism with a pantyliner'.
Seriously, that was foul.
I liked 'The Story of Your Enslavement', but the rest is a bunch of silly nonsense from someone who doesn't seem to understand that the sick, the old, the very young, the disabled and the otherwise unable to 'compete in the free market' are not fed, clothed, housed, cared for and loved by 'the free market'.
cjuniverse 5 months ago
@cjuniverse They are fed, clothed, housed, cared for and loved by PEOPLE who need food, clothes, homes, care and love themselves as well as intellectually/emotionally stimulating ways to occupy their time.
Look, I'm no fan of the government, or the money system. I think all work should be abolished and the basic necessities taken care of by machines...leaving humans to spend their time feeding, clothing, housing, caring for and loving each other...in addition to whatever else.
cjuniverse 5 months ago
But government is not the issue (or rather, is a symptom of the disease and not the disease itself). Our collective refusal to put cooperation and peaceful coexistence ahead of domination and hierarchy is the issue. Domination and hierarchy are the disease, and their sick roots run deep. Eradicating those roots has nothing to do with taxes or government, and everything to do with letting go of the need to compete and hoard and one-up each other in the first place VIA taxes/government.
cjuniverse 5 months ago
A world in which people viewed each other as allies instead of competitors would not need the systems we cling to so impotently now. There would be no need for government/taxes/war/police/anything other than simple, sane, sensible rules that would benefit everyone. Rules like: Don't kill each other. Don't hurt each other. Leave other people and the stuff they made alone unless you have permission. You break the rules, you take care of yourself.
All shit we learned in kindergarten.
cjuniverse 5 months ago
@cjuniverse it's hard to wake people up to that. you see how popular all of this animalistic brutality and viciousness is.
returnofbeaux 4 months ago
...and were encouraged to throw out the window by the 1st grade.
cjuniverse 5 months ago
Dont you want your wife to raise and or homeschool your kids-instead of going out to get a "real job"
urflofit2010 5 months ago
scared to mention the jews huh?
Teph87 5 months ago
killuminati.isgreat.org /banks,html
PoliticalBoondock 5 months ago
great series! btw, Ron Paul for 2012!
Andreasking 5 months ago
This has been flagged as spam show
Im 24 and currently unemployed. Before that I was in the Marine Corps I barely made any money for the hardships that I had to endure. Now I've been forgotten and I have been looking for a job for a year and am still unemployed. It seems I get a more negative reaction out of employers after I tell them I served in the military.
zipper978 5 months ago
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zipper978 5 months ago
I have read your book "Practical Anarchy" and it is very well written, helps to expand on what you say here.
I was wondering if you could find the time to make a review for "Money As Debt II", since you already did so for the Zeigeist films and the venus project.
badseed86 6 months ago
So now what do we do? I'm voting for Ron Paul 2012 b/c he's the only one that wants to get rid of the Federal Reserve.
MsTheresaKelly1 6 months ago
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I will hire 100 commissioned sales people.
I think I have the perfect business or job for you. Sell gold. Gold is currently selling for more than $1600 per ounce. We sell 1 gram of gold for $52. That means the average person can now use gold as a hedge without too much cash. The cost to get involved is $0.00. Be sure to put my username, "greenshield" at the top of your online application. Learn more here: goldenladyfun.blogspot.com
goldenladyfun 6 months ago
A lot of retarded nutters in this video.
The main reason why you probably jobless? Outsourcing and companies paying illegal immigrants to come to the USA.
mecher3k 6 months ago
You are a bright light in the darkness! Thank you!
CaniPaul1 7 months ago
subscribed after watching this series i was wondering do you know about the Illuminati?
RapperNamedQUICK 7 months ago
Love your series. I explain all this, even using some colorful points, show the facts, some believe it others do not. Showing some the facts is like causing some another Nightmare on Elm Street.. You step on their insecurities. Some prefer the myth over the facts.
mrbiga55 7 months ago
I enjoyed that.
720sully 7 months ago
You made the claim that the wealthy would use aggression to stop the young from out competing them. So in a anarchy society what would stop the more wealthy guy from hire solders to bully the potential competitors?
What would stop Cronus from eating Zeus?
Wouldn't they start a government of their own and start a some what feudalistic culture?
The only thing I can think that would stop them with your idea is to always retreat and trade in new locations until they exhaust their resources.
WEH1123 8 months ago
@stefbot Like what you're doing, especially the way you use history to make your points. We are knee deep in propaganda and misinformation, entertainment and so many distractions these days. It's hard to get a clear perspective on anything. Reading history can make things alot clearer, because like the adage: "History repeats". Much of what we see today has happened before, minus the bs. I have to ask, have you a theory on survival after the state has gone? Hospitals, order, road networks, etc.?
CallingValleyForge 9 months ago
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CallingValleyForge 9 months ago
this is the first time I come across such a open and unbiased view on a global economy. I also like the very last statement about the future on the human race. Totaly believe in everything this man says... and so glad to see there are more and more people like us emerging to think outside the box, use your brain to think independently, be curious and search for a way to peace, knowlende and freedom.
ishiakuma 9 months ago 12
@ishiakuma Thank you so much!
stefbot 9 months ago 3
@stefbot Free Your Mind Clothing Company Est. 2007 All is possible if you would...
crozb2 7 months ago
It's not the government IT IS the fractional reserve financial system that in effect constantly disappears the money supply!!and invests mostly in asset pricing bubbles! The government are as hapless as the rest of us what ever the political colour they may be!
stevenrossgill 10 months ago
Listen to this idiot, Chomski's poodle.
Zendout1 10 months ago
@Zendout1 Dude, Chomsky's a left libertarian socialist who favors using the state to limit corporate power until such a time that we can eliminate the state. Stefbot's a libertarian anarcho-capitalist who wants to abolish the state ASAP and, unlike Chomsky, preserve property rights. I'm somewhat between their positions and have problems with both, but it's totally inaccurate to call Molyneux "Chomsky's poodle."
QuantumTuba 10 months ago
@QuantumTuba I agree with you that the insult was inaccurate to say the least. But I'm also uncertain where Molyneux and other ancaps really stand. I know where Chomsky stands and I totally despise the man, he's pure evil in my book. As a test, which corporations do you think are actually in bed with government? For example, what about Walmart, Google, Microsoft, Apple, News Corp. (Fox)? Has Molyneux made podcasts about specific examples?
john42t 8 months ago
Great point that if environmentalists knew reality, they would be more upset with Central Banking than anything else. Nothing compares to the waste and destruction of malinvestment promoted by a banking monopoly.
lorax2013 10 months ago
We are totally screwed...
merlinspower 10 months ago
your words are gifts and your knowledge is pretty damn amazing sir. what did you study if you see this, if you would kindly answer this or message me
0thatdudewill0 10 months ago
Thanks a lot for this series Stefan. Lots of info in little time, understandable an enjoyable for a big audience. Almost sounds like a description of no-braniac network tv, except for the "lots of info in little time, understandable an enjoyable" bit:) Keep it up and greetings from the Netherlands. Cheers.
Hoepsakee 10 months ago
With all that babbling, I'm still unemployed.
TheHotRod1961 11 months ago
Stefbot: Nice vids, thanks for tall of the advice. You seem to be very knowledgeable about many subjects. Have you checked out the documentary, Zeitgeist: Moving Forward? If not, watch it on youtube... I think you will find it relevant and interesting.
shawnTVP 1 year ago
03:51 this is completly misleading..interest rate have noghing to do with money "in the bank"...money is literaly "created" at the moment of lending..interest rates are a mean of controlling the money supply (more people will borrow when interest is lower [wich is currently uccuing btw] thus creating more money in to existence)
Imanuel17 1 year ago
@Imanuel17 Try putting together "banks in a free market" and "we don't have a free market"
You are correct about how things happen today in the current fiat money system. The one that isn't a free market. The one where manipulation of money and interest causes the booms and busts.
jeffiek 1 year ago
Thanks friend for the message!!! I am so glad to see that people are AWAKE to talk about these matters. Are you familar with the Venus Project and the Activist Arm ... The Zeitgeist Movement? If so, what are your thoughts? You are brilliant! Peace and Love my brother!
joyousend13 1 year ago
What about Ebay, Clickbank, affiliate marketing and similar internet transaction type of employment, wouldn't you call that a free market?
There is little government oversight and taxation as far as I know.
Paralyt1c 1 year ago
@Paralyt1c Trust me it's coming. When I realized years ago that the government wasnt getting a part of the money I am making online I knew it's just a matter of time these untaxed transactions are going to keep going on. I call it The Grace Period. There's already talks on how to tax Ebay,Paypal, Craigslist, etc, transactions in certain states. And guess what? Since all these transactions are electronic, they will know exactly how much you owe in taxes. Just give it a few years you will see.
chino160 1 year ago
@Paralyt1c Elements of a free market perhaps, but still bound by the use of government mandated money. Government is made of humans, they're not perfect, they can't screw up everything. Take what freedom you can find and count yourself lucky.
jeffiek 1 year ago
If one can make the government work for them through love, peace, law, and understanding, then, government wouldn't be so bad. Would it? No. wwwdot uscode dot gov is a good place to start. good luck. banking is the most fun.
addadhdnarc 1 year ago
Two possibilitys :
Those who have the power rule.... for instance banks corporations.
Those who have the majority rule....for instance the people.
This groups are not the same.
You see the problem? Democracy....???
nabuco00 1 year ago
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pml8 1 year ago
Feminism was introduced primarily to destroy the family unit (hint: gender equality is an impossibility, delayed marriage = barren wombs). Of course, in addition to this pernicious social objective, you also get what I call the 'kill three birds with one stone' economic objectives.
1) Double the taxpayer population
2) Driving wages down
3) Prop up the consumerist economy (ever seen a typical woman on a shopping trip?)
papalolita 1 year ago
thank you for this effort.
captaindrywall 1 year ago
@pjamesbda if you think the government has shrunk leading into this recession you really need to check the Bush years over a little better
ThePythagoran 1 year ago
@ThePythagoran
IF you think that the government has only grown under SHRUB (aka "Bush"), then you should look at OBAAAAMA's Budgets every year he's been in office.
hisbeatnik 1 year ago
@hisbeatnik yeah, by this point it's safe to say neither party has been a solution effectively yet
ThePythagoran 1 year ago
@ThePythagoran Yeah, it's hard to solve the problems caused by the people whose pocket you have your hand in. It's like criticizing your boss at a board meeting.
jjaggers 8 months ago
Yeah, I have almost 2 yrs of stored food, water in a Berkey system, Silver, many types. GUNs and AMMO and wheat, lots! I have 8 months of meat I canned, I have Non Hybrid seeds and a friend or 2 with land! Ready.. You all better prep, I don't care if its mac and cheese and pork and beans! Food is cheap now, but only gonna get worse, far worse! Love my wheat grinder!!
savgal1211 1 year ago
@savgal1211 Heh I keep telling people to invest in gold & silver... copper, brass, steel, and lead. I'm getting about 90% blank stares and 5% sly winks... the rest is a mixed bag lol.
MisterAvis 1 year ago
yeah, Quote a Raging Socialist ( Chomsky)..
savgal1211 1 year ago
It is true. We are no longer a government of the people, but of the special interest group, of the war machine, and of the regulation of everything concievable, but a very strange thing occured not too long ago: recently (in the last 2 pres. terms) and during the Regan years, they "rolled back" governement as you suggest, busted the unions, and destroyed these things we all detest!
.
Wow, what happened then? Noam said the center would not hold. Well, this is what happens...when that happens.
pjamesbda 1 year ago
Thank you for your insights. I am unemployed for the first time in my life, for about a month now. Many jobs I consider taking or ideas I have for making money or starting a company get shot down when I begin thinking about all the taxes and restrictions and regulations that I must immediately hurdle.
Currently, I am posting ads on Craigslist offering my services as a handyman, doing simple wiring or fixing sinks. But the incredible joke is that what I am doing is technically illegal.
BookofNick 1 year ago
Womens' liberation was pushed by the rich using the government as puppets. Their goal was to be able to tax the other (theoretically speaking 50%) of the people in the US. Parents then, in my opinion, were eventually forced to send their children to public schools where they are stripped of their natural curiosity, and told to conform with authority (be a good boy, just take your fluoride:) ). Now do you think its so bad to be a stay-at-home mom?
jaos2612 1 year ago 27
@jaos2612 or stay-at-home dad..
capedchameleon 10 months ago
@jaos2612
"and told to conform with authority (be a good boy, just take your fluoride:)"
Uh, no.
Also lol about the fluoride bs.
mecher3k 6 months ago
@mecher3k
Flouride is bad. But there's no point in telling people how flouride is for them when they spend their weekends drinking gallons of alcohol until they pass out and throw up. Then get wired for work with a bump of coke and and an energy drink. People actually see the vomit and fumes coming out of their body and pass out, waking up with headaches... and you think they care about what flouride is doing to them?
TheAngryCanary 6 months ago
@TheAngryCanary
"Flouride is bad. "
In high doses, that no one would be getting in the first place unless you actually drink it pure. And so is water bad for you in a higher enough "dose." You fail biology AND chemistry.
"when they spend their weekends drinking gallons of alcohol until they pass out and throw up."
Wow you are an idiot if you think most Americans do that on the weekends.
mecher3k 6 months ago
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@jaos2612 "Now do you think its so bad to be a stay-at-home mom?"
Stay at home moms are still taxed nonetheless, now the government and the most people recognize women as people (not entirely people, but more than just nurturers and child-bearers).
And why does the stay at home parent necessarily have to be the mother, anyway? It could be a parent from any sex (male, female, intersex etc.).
BoggiD101 6 months ago
@jaos2612 Only the government can tax. Perhaps the rich wanted more customers?
3089280288 6 months ago
@jaos2612 The trajectory of femminism was co-opeted by capitalism and the free market.
Adam Curtis (check out his documentries) makes a lot more sense than Stefan Molyneux who appears to be little more than a mouth peice for the ultra US right wing.
Klute1977 5 months ago
Or we could just base money on the gold standard again.
jjaggers 1 year ago 11
@jjaggers problem with gold is it runs out
s32ialx 1 year ago
@s32ialx Thats the point. Have you heard of Zimbabwe?
DragonGreenFire 1 year ago 3
@s32ialx Things like gold don't "run out" in a free market, they just become more valuable. The only things that can run out are things that can be destroyed, gold isn't one of them.
Hashishin13 1 year ago
@Hashishin13 you miss understood what i mean. you are correct they become more valuable causing again what we have going on right now people with more of it and people with less of it making it more valuable and causing an inequality of lives
s32ialx 1 year ago
You are missing my point, say your paid an ounce of gold a month, if some rich guy starts hoarding gold, then prices of goods will decrease as there is less gold flowing around to buy it, this makes your wage worth more. If on the other hand the rich guy or guys spends a lot of gold then gold is worth less and so is your pay, but the division between rich and poor also decreases as the rish guys spent a lot of their wealth.
Currently your money ONLY goes down in value, regardless of spending.
Hashishin13 1 year ago
@s32ialx yeah, how will our leaders make more if it runs out
conqst3 1 year ago
@jjaggers there is not enough gold in the world to do so again now ...unless it reaches a fantastically high prices as it seems to be doing at $1500 an once as it currently is!
stevenrossgill 10 months ago
@jjaggers no because the banks in India and China have most of the gold, so we will be under a new master.
narsplace 8 months ago
@jjaggers There is not enough gold to have a true standard with respect to natural inflation with population growth. We could eliminate our debt simply by the Treasury circulating treasure notes through commerce by buying back bonds, essentially taking reserve notes out of circulation in the process. After all bonds are bought back through Treasury notes, the Federal Reserve can then be abolished. I'd much rather have a fiat currency in the control of government than greedy private bankers.
thepalmetto 8 months ago
@thepalmetto As I understand more about the economic system, I am inclined to agree with you on that. However, ultimately I am beginning to see that money systems in general are built upon the principle of scarcity and therefore will always be a means to enslave people. Perhaps the answer lies in credit exchange or resource based economies
.
jjaggers 8 months ago
@jjaggers Resource based economy?! Not even a remote chance that would work. There is no such thing as a utopian economic system. There are flaws in all of them. RBE proponents adamantly believe corporations are "withholding efficiency" from its system of operation and technology. That is a load of bullshit. Every corporation operates at its fullest efficiency to maximize profits. If there was some super secret efficiency formula, someone would have patented the shit out of it and make billions
thepalmetto 8 months ago
@thepalmetto Add to that the fact that we have seen the effects of "equality" in economy, thanks to communism. People are inherently selfish and no one, not even you if I had to guess, would be happy just having the same commodities that everyone else. Talk about a boring fucking life. These concepts are against human nature.
thepalmetto 8 months ago
when smoke clears and all is said and done resource based economy is the economy to fall back on ALWAYS.
MrHoppers002 8 months ago
@MrHoppers002 And this claim comes from the basis of what? Is there some kind of historical evidence of a nation whose economy failed and "fell back" on RBE? I can't even acknowledge a comment like this if you can't at least explain yourself. A simple statement claiming something is so just because does not constitute a good argument.
thepalmetto 8 months ago
ok how about this. why do you hate RBE so much? it at least makes sense to have something back the economy other than in god we trust.
MrHoppers002 8 months ago
@MrHoppers002 You are putting words in my mouth. The point of a debate is to put forth valid points of information. It has nothing to do with hating a type of economy. It's all theory of what I think would and wouldn't work and WHY. You have not offered any explanation behind what you have said thus far. It does not matter what backs a currency, it only matters who controls it.
thepalmetto 8 months ago
because in the past RBE economies didn't have such huge huge crashes as seen in the 20th century or even this century.
MrHoppers002 8 months ago
@MrHoppers002 I still have no idea what economies you are talking about. Can you give specific examples instead of being so vague? All economic crashes in the United States had little to do with capitalism or currency, they were directly caused by the Federal Reserve's manipulation of debt creation, inflation, and deflation. This is why the founding fathers and many statesman and presidents alike have spoken against having a central bank. Currency is not a bad thing, it's who controls it.
thepalmetto 8 months ago
well you hit the nail on the spot.
MrHoppers002 8 months ago
@thepalmetto The only thing corporations are efficient with is managing profits. I worked for a corporation that every year would destroy tens of thousands of dollars worth non-returnable merchandise after the Christmas season because it was not cost-effective to give toys to children's' charities. Reason- they got a bigger tax break taking a loss on it. You obviously only have a textbook understanding of corporate operations. I saw this happen year after year.
jjaggers 7 months ago
@jjaggers That's not the efficiency I'm talking about. I have worked in fab shops, machine shops, mills and plants of all variety so my opinion on this is factoring in an entirely different aspect of industry where quality control is one of the most important aspects of production. The efficiency I'm talking about is the balance between quality and cost-effectiveness in a competitive market. My understanding is as much text book as yours is all-encompassing, by your standards.
thepalmetto 7 months ago
@thepalmetto As the American economy shifts from production based to service based, my example becomes more the norm. Whenever the pursuit of profit is paramount, the cuts which come in the name of efficiency usually take place in the form of worker's compensation and benefits (if they even occurred at all). This was what necessitated the formation of unions in the production sectors of the economy, which was stringently fought against by those in control of the means of production.
jjaggers 7 months ago
@jjaggers All the gold is gone.
SuperPhdiva 7 months ago
@jjaggers What is gold? A useless yellow stone that serve no purpose to human being or anyone. Even it does not look good or shiny, not able to be used in food. It can be used in electric circuits and thats it. It was useful when it was used as medium of exchange in STONE age.
tiluu 6 months ago
@tiluu The reason for gold is because it's rare. When you walk outside your not walking on mass amounts of gold. It's native to our earth but it's not easy to come by so you can't just produce it out of thin air like a dollar. Gold is just a medium for barter to eliminate credit on chance of trust between one person to another. I agree with you that it won't feed your family during a crisis... You cant grow it, shoot with it, or eat it.. Well you can eat gold but it won't keep you alive.
BrokenRT 6 months ago
@BrokenRT i still believe it was used as medium of exchange at that time when paper was not invented (stone age) and gold was hoarded by the king. It make me sick when people attach so much value to a stone, it just sound surreptitious ans stupid. If gold is rare or not it does not matter because it is just a stupid stone. Blondes are rare so tomorrow we start using blondes as medium of exchange? The idea of currency sounds more sophisticated.
tiluu 6 months ago
@jjaggers Why? More and more gold is found, and soon we will probably find the chemical ''recipe'' for gold. Wich makes it just like money bills.
ILUM69 6 months ago
@ILUM69
"the chemical ''recipe'' for gold"
We already have...it's called 'gold'. It's an element, not a compound or mixture. You can't make it by adding things together.
RetSquid 6 months ago
@RetSquid Not as far as we know, no. But who knows, we may find out how, and maybe very soon.
ILUM69 6 months ago
@ILUM69
That makes no sense, gold is an element, you can't make it by adding other things together. That's why it is valuable, it can't be made by anyone, it can only be mined. Unless you believe in alchemy and magic and disbelieve science, then you can turn lead into gold with the philosopher's stone.
RetSquid 6 months ago
@RetSquid Ah... so you're one of those people who believe that mankind have by far discovered everything? That is just pathetic... We might actually have discovered it, but these ''conspiracies'' as some people like to call them, may hide them from public. Who knows?
ILUM69 6 months ago
@ILUM69
Yes, gold was discovered long ago. Repeat after me, "Gold in an element, not a compound or mixture, it cannot be created by man adding other things together." If you think gold can be created by man, you need to go back to Jr. High earth science class, nobody has claimed to be able to do that since the Dark Ages.
RetSquid 6 months ago
@RetSquid Ah the dark ages, the age that proves my point, we've discovered a lot since that time, I remember I read somewhere that in the 1700's or so, it was a fact that mice came from dirty shirts. What makes you think that every fact in this world is real? I mean seriously...
ILUM69 6 months ago
@ILUM69
"we've discovered a lot since that time"
EXACTLY!! Which is why no one makes claims like yours anymore!! It belongs in the Dark Ages, not in the same room as Science!
RetSquid 6 months ago
@RetSquid Hmm... yeah, right now you remind me of those who think illuminati is used to be real, but now they expanded. It's so pathetic.
ILUM69 6 months ago
@ILUM69
Please post again, this time with English grammer, I don't understand "gibberish."
RetSquid 6 months ago
@RetSquid I'm sorry for speaking three languages, they can't all be 100% perfect, the grammar you see here is the best I can come up without further spellcheck... I'm sure you understand.
ILUM69 6 months ago
@ILUM69
That may be your problem...a lack of Englsih comprehesion. Do you know what an 'element', a "compound" and a "mixture" are?
"used to be real, but now they expanded" makes no sense in English.
RetSquid 6 months ago
@RetSquid
Of course, I could use a little spell check occasionally...
RetSquid 6 months ago
@RetSquid Yeah, I do know what that is... the problem with you, is that you can't accept the fact that the knowledge of humanity is not complete, therefor you take that as a fact, ever considered gold can be made, but is just hidden for public in order not to create economic chaos? Or just to control us even more?
And btw, glad to see it was just one single lack in the way I expressed myself, and not my grammar.
ILUM69 6 months ago
@ILUM69
Gold cannot be made, THAT is a fact. You may as well say that you can create a perfect clone of yourself, with all of your memories intact.
RetSquid 6 months ago
@RetSquid As far as I know there is a way you can actually make gold from other metals. Not sure what the process is called in English though. No one does this except for experimenting though, because it is very cost-inefficient.
knasklasen 4 months ago
@knasklasen
It's called 'alchemy' and it's from the middle-ages, it was discarded along with the wizards who tried it.
You can convert platinum into gold, which is a bad idea because, 1. platinum is more valuable than gold and 2. it is an unstable isotope and it only lasts about 5 seconds.
So you -can- make gold...for 5 seconds...
RetSquid 4 months ago
How about "Starts off as your dinner guest, then ends up eating you." Has a better ring to it, dont you think ?
Gizziiusa 1 year ago
Might want to go over "councilonsper" youtube channel material. I found it quite interesting.
Gizziiusa 1 year ago
I'm with Peter who else is with me? Take out the fiat currency that the buddy system up top abuses for their own gain. Let us localize from state to state, city to city, town to town a customizable easily tradable commodity for other goods (gold, wheat, granite, wood, whatever it takes), unabusable by outside interest for personal ill-gotten gain. Take out property taxes each of us as individuals contribute to our communities as tax enough so we can own our property. And no more stock market!
Rcwatson83 1 year ago
Any benevolent ruler will only create more wealth to be gobbled up by the despot that follows him.
Skyler827 1 year ago
Damn it, Charlie Brown is right! End the Fed! No more monopoly money economy!
TreachMarkets 1 year ago
he is wrong about the currency, as the elite bankers are in control of this
JonB20 1 year ago
@JonB20 Not really...it's more of a partnership. The elite bankers are in control of the currency, but they only achieve and enforce this monopoly through getting government to pass the Federal Reserve Act and dictatorially declare it to be the only legal tender. Without the government enforcing this monopoly, the bankers currency would have to compete in the market like everyone else
TSMPimpDaddyPain 1 year ago
@TSMPimpDaddyPain I see your point and at some point this may have been true. The government can still dictate the legislation, but they no longer have the balls to stand up against the banks. The last guy that did was JFK and look what they did to him. So yes, in theory you are correct, but not in practice.
We must also remember a well known quote of Mayer Amschel Rothschild "Give me control of a nation's money and I care not who makes the laws."
JonB20 1 year ago
@JonB20 I'm not saying the bankers aren't in control, they certainly are. But if you look at their power before and after the Federal Reserve Act was passed, it's quite staggering. Before the government passed legislation to give them a "legal" monopoly, the bankers still had to compete.
TSMPimpDaddyPain 1 year ago
@TSMPimpDaddyPain At a corporate level, I agree, they would have had to compete. But the people behind the bankers, have been in control a long time (see Rothschild's)
JonB20 1 year ago
adam smith debunked your statements in wealth of nations. lincoln and aristotle were right. bildberger peter thiel's protege ron paul and the rockefeller foundation libertarians are wrong. the libertarians are a banker fraud.
jeepndesert 1 year ago
@jeepndesert unfortunately you didn't specify any real facts to back up your outlandish statements.
TSMPimpDaddyPain 1 year ago
private banks create money under the federal reserve system, not the federal reserve. the federal reserve was created as a gold standard, which also existed before the federal reserve, just the federal reserve put the big banks between the treasury and the small banks. lincoln was right. money is a legal instrument. money is statist. money should be public as a common means of exchange. private "free market" money has problems too, read adam smith to understand the facts on it.
jeepndesert 1 year ago
Lincoln was right about not wanting a private bank to receive a state-enforced monopoly on the money supply. However, in other areas he behaved like a treasonous dictator.
So I would certainly take interest free government currency over that, but ultimately you would want to shift to allowing the people to freely choose their currency. Because as we all know, the state is a complete and utter failure at managing money and and budgeting.
TSMPimpDaddyPain 1 year ago
In a true free market automation multiplies work to increase wealth. If a select few own the capital the majority live in poverty. If the capital is owned by all, then all benefit. You exchange human power for outside energy which allows you to live better. Only technology raises living standards, monopolies such as government are only able to divert productive labor to support the useless elite.
chargermopar 1 year ago
Hey Stef... interesting videos! I'd like to direct your attention to a thing called "The Venus Project" Its an incredible concept and something I would love to see us move towards to asap! :) If you dont want war, poverty, hunger, corruption.... google the venus project and study this carefully! :)
seanybyne1982 1 year ago
@seanybyne1982 Stefs not down with the VP. Hes into the whole libertarian ideology of how money should be used. I think, Keynesian economics, Hayeks free market economics, whats the difference. In the end they would both end up looking similar. Small percentage holding all the wealth, hence the power. Still, I wonder if Stef realizes that this could be the best way (IMO) to achieve his goal of peace and harmony in the world? We have the technology, lets put it to use for all of us.
herpiethelovebug 1 year ago
1st. Timothy 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. You know I understand the word of politics, poli = many and a tic is a blood sucking animal
SuperJustanotherguy 1 year ago
@SuperJustanotherguy lol good one
jjaggers 8 months ago
Now this video was absolutely spot on as far as the failings of fake currency in use at the moment, I have been touting that for ages. However there is a major problem in leaving it, and that is that all resources imaginable now have industrial uses and demands/supplies skyrocket and dive bomb constantly, so looking for a stable measure to back up currency would be damn near impossible, although necessary. And again I think you down play the role of large businesses in their control too much.
ChrisSudlik 1 year ago
fuck Jesus
gradiu3rox 1 year ago
A gaggle of monkeys? Oh, and not always inflation. Between 1770s and 1911 inflation averaged zero percent (or close enough to make it no difference). Purchasing power remained the same. Dollars buried in 1770s would buy you the same quantity of goods and services in 1911. although the quality might be different and certainly the goods and services available would be different.
Aryaba 1 year ago
Housework was indeed mind numbing drudgery, but so was farmwork, which was where you would find the husband 100 years ago.
But what about todays factory work, is there any less drudgery on the assembly line ?
And what is the condition of the modern family ? With children swamped with homework or either absorbed in video games, while the parents are detatched from each other and their children, following after their own tailored & marketed induldgences.
rllang01 1 year ago