Were heading towards a time where progress will enhance productivity. AI and robotics will be the biggest and most revolutionary industry since the Auto mobiles. I don`t think money and Capital will be ousted yet. Maybe in a hundred years we will see it deflate but not in this century
Unless "free energy" is real and we, the people are given access to it, your imagined future will never happen. Visit dieoff.org for a view rooted in reality "as we know it".
Its not my imagined future. Its a future we can all see progressing right now in front of us, the smart phone revolution, more improved entertainment, advances in AI, are potentials that would reboot the economy in the short and long run. Innovation isn`t dieing but growing.
That's ONE side of the future. If you think smart phones, "improved entertainment" and AI are going to make up for oil depletion and food shortages, I disagree.
I am speaking in general terms of the next big industries slowly emerging and the new energy sectors emerging. I don't think oil is depleting at the current rate. Small things are happening behind the scenes like China calling for a new reserve currency free of all nations but I enjoyed the videos and the digital coin idea was great. Did you ever consider donating these to economic classes?
I've enjoyed your series changing the way I look at money. However, from what I understand in all 3 videos, debt can never be paid off...but how did President Andrew Jackson become the last to do it?
@AcousticDoc Not all money was debt in Jackson's day. Much of it was gold and silver coin. Jackson was able to pay off the debt due to high government revenues in both credit instruments and coins. The elimination of federal government debt caused a severe deflation at that level while rampant unbacked credit issue by State banks caused inflation. So it was a chaotic situation. Today, ALL money is debt. Any slowdown in total debt creation will cause mathematically inevitable defaults.
What sort of compensation would be used if we evolved beyond moneyÉ Industries are created through the idea of profit or gain. Eliminate money with a Zeitgeist or venus project model lol
The problem with Money is no matter how much the we fix it there will be someone to manipulate it in time. The best way is to go back to the Atlantis times. Gift economy! No more monetary system where there will be too much gap in between people who cheat on it and manipulate others"New and sleeping Souls"
Oh, Marx also gives insight to the historical precedence for the promise to pay: the existence of wage labour. The labourer signs a contract giving their labour as a forward payment in faith that their labour will be paid for at the end of the duration (rather than before the labour has been utilised by the capitalist). The situation is one sided as the wage labourer cannot charge their manager interest on late payment and their liability for late payment is limited (they won't lose their home).
Thanks, for this...something brought me to this wonderful 3rd installment of your series. Question: could it be assumed that a contributing factor is not how much we've grown, but how fast it's been? When I heard that there are places in the US utilizing their own currencies, like the Northeast using the Berkshare (sp?), it dawned on me that most problems would've never developed if money creation was ALWAYS maintained on a local level, as anything can be used as a currency if agreed on by all.
Yes, but global trade makes establishing a national/international standard more desirable. Marx actually wrote a fairly good commentary on why two standards of currency usually don't stand together, as one will tend to be preferred if its value more accurately tracks the labour that went into producing it. As long as participants enter a market as equals then the exchange of goods shouldn't deviate too far from the average labour to produce them.
First the video debunks the notion that interest makes it impossible to pay off all debt, then it claims that all debt cannot be repaid when borrowed money is lent out again. But the exact same argument that refutes the first claim refutes the one made here.
@PaulLWGrignon Just wondering, is there a fundamental difference between lending at interest and charging a very high price for goods while expecting payment over time? Is this an example of how interest isn`t exactly the problem by itself.
@Castle3179 The difference is that when you pay a price the money is NOT extinguished. The "money supply" does not change. When you make a loan payment to a bank, the principal portion IS extinguished. The money supply is reduced. Interest is not the mathematical problem of P<P+I that so many people claim. See my Analysis of Banking on my References Page
Do you know if your videos are getting any attention withing the occupy movement?
The so called media keeps telling us the problem with occupy movement is that these protesters don't have some unifying agenda. I think your videos would bring focus to the occupy movement on the fundamental problem that is facing us today.
@trufiend138: I just rented the video from Grignon's website. I have already watched it several times. Just fantastic. Pay the four bucks or so and you'll never regret a penny. I'll probably eventually buy several DVD's for friends. @PaulLWGrignon: Thank you, thank you, thank you. What a service to mankind!
THE whole idea of individual debt creation is to swallow the hard earned labor of individuals(public) through direct,corporate and govt giveaways as interest.Public's loss, deprivation & suppression is their perpetual gain unless their lust is satisfied.
The unreliability of individuals is why the movie suggests that government and essential industries be the source of credits, not individuals. Individuals have the FREEDOM to issue credits but all credits are refused by default, so how far would any individual's credits circulate? Probably only among those who know the individual, that is to say... within the individual's "circle of trust".
Product or tax credit money would be used by third parties just as money is today. Earn it & spend it.
I've opened my eyes in 2006 thanks to you through Money as debt 1. You've broken many bonds of brainwashing and enslavement. I hope you're aware of that Sir.
@PaulLWGrignon I'm pretty sure when @ishai10 asked "where's segment 2 and 3?" he meant "Where are Part 2 and Part 3 (Proposed Solution and Review and Comparison)?" -- I'm guessing you're keeping those off of YouTube for the time being, and we should buy the DVD to see those parts?
Were heading towards a time where progress will enhance productivity. AI and robotics will be the biggest and most revolutionary industry since the Auto mobiles. I don`t think money and Capital will be ousted yet. Maybe in a hundred years we will see it deflate but not in this century
Reido2828 4 days ago
@Reido2828
Unless "free energy" is real and we, the people are given access to it, your imagined future will never happen. Visit dieoff.org for a view rooted in reality "as we know it".
PaulLWGrignon 3 days ago
@PaulLWGrignon
Its not my imagined future. Its a future we can all see progressing right now in front of us, the smart phone revolution, more improved entertainment, advances in AI, are potentials that would reboot the economy in the short and long run. Innovation isn`t dieing but growing.
Reido2828 2 days ago
@Reido2828
That's ONE side of the future. If you think smart phones, "improved entertainment" and AI are going to make up for oil depletion and food shortages, I disagree.
PaulLWGrignon 1 day ago
@PaulLWGrignon
I am speaking in general terms of the next big industries slowly emerging and the new energy sectors emerging. I don't think oil is depleting at the current rate. Small things are happening behind the scenes like China calling for a new reserve currency free of all nations but I enjoyed the videos and the digital coin idea was great. Did you ever consider donating these to economic classes?
Reido2828 1 hour ago
I've enjoyed your series changing the way I look at money. However, from what I understand in all 3 videos, debt can never be paid off...but how did President Andrew Jackson become the last to do it?
AcousticDoc 1 month ago
@AcousticDoc Not all money was debt in Jackson's day. Much of it was gold and silver coin. Jackson was able to pay off the debt due to high government revenues in both credit instruments and coins. The elimination of federal government debt caused a severe deflation at that level while rampant unbacked credit issue by State banks caused inflation. So it was a chaotic situation. Today, ALL money is debt. Any slowdown in total debt creation will cause mathematically inevitable defaults.
PaulLWGrignon 1 month ago
@PaulLWGrignon
What sort of compensation would be used if we evolved beyond moneyÉ Industries are created through the idea of profit or gain. Eliminate money with a Zeitgeist or venus project model lol
Reido2828 4 days ago
@Reido2828
My proposal includes profit and gain.
PaulLWGrignon 3 days ago
The problem with Money is no matter how much the we fix it there will be someone to manipulate it in time. The best way is to go back to the Atlantis times. Gift economy! No more monetary system where there will be too much gap in between people who cheat on it and manipulate others"New and sleeping Souls"
djhaig 1 month ago
Oh, Marx also gives insight to the historical precedence for the promise to pay: the existence of wage labour. The labourer signs a contract giving their labour as a forward payment in faith that their labour will be paid for at the end of the duration (rather than before the labour has been utilised by the capitalist). The situation is one sided as the wage labourer cannot charge their manager interest on late payment and their liability for late payment is limited (they won't lose their home).
gamerunknown 1 month ago
Thanks, for this...something brought me to this wonderful 3rd installment of your series. Question: could it be assumed that a contributing factor is not how much we've grown, but how fast it's been? When I heard that there are places in the US utilizing their own currencies, like the Northeast using the Berkshare (sp?), it dawned on me that most problems would've never developed if money creation was ALWAYS maintained on a local level, as anything can be used as a currency if agreed on by all.
ScorpiusIncorruptus 2 months ago
@ScorpiusIncorruptus
Yes, but global trade makes establishing a national/international standard more desirable. Marx actually wrote a fairly good commentary on why two standards of currency usually don't stand together, as one will tend to be preferred if its value more accurately tracks the labour that went into producing it. As long as participants enter a market as equals then the exchange of goods shouldn't deviate too far from the average labour to produce them.
gamerunknown 1 month ago
First the video debunks the notion that interest makes it impossible to pay off all debt, then it claims that all debt cannot be repaid when borrowed money is lent out again. But the exact same argument that refutes the first claim refutes the one made here.
JiveDadson 2 months ago
@JiveDadson
Interest can be SPENT back into circulation.
Principal is only LENT back into circulation
There is a huge difference.
See my Analysis of Banking at my website
PaulLWGrignon 2 months ago 3
@PaulLWGrignon RBE FTW!
boumar19721972 2 months ago
@PaulLWGrignon Just wondering, is there a fundamental difference between lending at interest and charging a very high price for goods while expecting payment over time? Is this an example of how interest isn`t exactly the problem by itself.
Castle3179 1 month ago
@Castle3179 The difference is that when you pay a price the money is NOT extinguished. The "money supply" does not change. When you make a loan payment to a bank, the principal portion IS extinguished. The money supply is reduced. Interest is not the mathematical problem of P<P+I that so many people claim. See my Analysis of Banking on my References Page
PaulLWGrignon 1 month ago
@PaulLWGrignon Thanx!
Castle3179 1 month ago
Hi Paul,
Do you know if your videos are getting any attention withing the occupy movement?
The so called media keeps telling us the problem with occupy movement is that these protesters don't have some unifying agenda. I think your videos would bring focus to the occupy movement on the fundamental problem that is facing us today.
maximus2468 3 months ago
anyone have a link to the entire vid?
trufiend138 3 months ago
@trufiend138: I just rented the video from Grignon's website. I have already watched it several times. Just fantastic. Pay the four bucks or so and you'll never regret a penny. I'll probably eventually buy several DVD's for friends. @PaulLWGrignon: Thank you, thank you, thank you. What a service to mankind!
Sumac5 2 months ago
THE whole idea of individual debt creation is to swallow the hard earned labor of individuals(public) through direct,corporate and govt giveaways as interest.Public's loss, deprivation & suppression is their perpetual gain unless their lust is satisfied.
abababac1 3 months ago
what happens when someone gets sick or cannot produce for a period of time for whatever reason
tretcherousape 3 months ago
The unreliability of individuals is why the movie suggests that government and essential industries be the source of credits, not individuals. Individuals have the FREEDOM to issue credits but all credits are refused by default, so how far would any individual's credits circulate? Probably only among those who know the individual, that is to say... within the individual's "circle of trust".
Product or tax credit money would be used by third parties just as money is today. Earn it & spend it.
PaulLWGrignon 3 months ago
can some one give me links to this documentary on youtube in an alphabetical order.
DvTAntiDarWIN 3 months ago
Access the list from my Donations Page.
PaulLWGrignon 3 months ago
OMG !!!! How much work went into these !!??? Thank you very much!
bluenightfox 4 months ago
The whole project has taken 6 years at about 4000 hours per year (not that I punch a clock or even want to know my hours).
PaulLWGrignon 3 months ago
I've opened my eyes in 2006 thanks to you through Money as debt 1. You've broken many bonds of brainwashing and enslavement. I hope you're aware of that Sir.
darkyspread 4 months ago 5
Glad to hear it. See my Reviews Page for others' comments
PaulLWGrignon 3 months ago
@PaulLWGrignon Great effort,GOD BLESS U and REWARD U WITH COUNTLESS BLESSINGS take good care of yourself.
abababac1 3 months ago
Comment removed
DCUPtoejuice 4 months ago
This is exactly the analysis I have been waiting for!
DCUPtoejuice 4 months ago
Have you visited my References Page? More analysis in written form is available.
PaulLWGrignon 3 months ago
Paul Grignon, you are the man! Great videos!
DCUPtoejuice 4 months ago
Thank you
PaulLWGrignon 3 months ago
You may visit digitalcoin.info to access the ideas presented in MAD 3 Parts 2 & 3
PaulLWGrignon 4 months ago
Yes please forgive me for trying to make a little income from my 6 years of work.
PaulLWGrignon 4 months ago
Segments 2 & 3 should be listed beside segment 1
PaulLWGrignon 4 months ago
@PaulLWGrignon I'm pretty sure when @ishai10 asked "where's segment 2 and 3?" he meant "Where are Part 2 and Part 3 (Proposed Solution and Review and Comparison)?" -- I'm guessing you're keeping those off of YouTube for the time being, and we should buy the DVD to see those parts?
TheMattPrather 4 months ago
WHERE'S SEGMENT 2 AND 3!!!
ishai10 4 months ago
LENDING MONEY WITH INTEREST CREATES SLAVERY
ishai10 4 months ago
This has been flagged as spam show
Thank You Paul!!!
PENELOPIX 4 months ago in playlist Vídeos de PaulLWGrignon