Anytime we use imbalance vs trust to run the show we have a problem. Can you imagine if we were all automatically born with 1 Million Dollars? SURE it would "spend fast" but you would be able to focus on contributing to society & bettering yourself with education because you would not be starting firstly as a slave in life. All people (mostly lol) are basically good natured and can learn the importance of self esteem as pertains to their contribution whatever it is.
All of this is true except for the interpretation. Of course it's not a perfect system, but despite the best efforts of the narrator, it can work, as long as the central bank doesn't abuse the system. This hasn't been the case with the FED and rates have been much too low. There are alternative money systems which I would advocate over the current one, but this is just blind conspiracy.
Well, you obviously have not done your homework. Watch the documentary "The Money Masters." You can watch it for free on GoogleVideo. This is not a blind conspiracy. These s.o.b.s cannot be trusted. They have done what they are doing right now for centuries.
I watched that video about a year ago and it caused me to do some research. As I said, everything they are saying is factually accurate, but their conclusions just further their agenda. To say that debt is a worthless base for a money system is just wrong. If I take a loan to buy a house, then I will pay it back. As long as lenders are diligent, there is no problem.
There is a problem...This is the second step of fractional reserve banking that people cannot seem to understand. Sure the bank loans the money which they dont have and the people trade it for something else, lets say electronic. The bank must now acknowledge the money the retail just acqure for the sale. It does not work that way. This money just goes into circulation and it laters become the cause of inflation. Just imagine someone counterfeing from a garage.
The system itself is the abuse. . This system will NEVER work. How can we be so certain of that? Because history proves it. The control of money has switched hands, from bankers to government about 7 times in our history. All you need to do is research and compare the economy while in the hands of the bankers. You will see very clearly that the system is set up to benefit the elite at the expense of the people. Yours is a naive interpretation.
Well, hell. Don't most people know this already about banker's. If they don't they're awfuly naive.
narutofightindreamer 2 years ago
Anytime we use imbalance vs trust to run the show we have a problem. Can you imagine if we were all automatically born with 1 Million Dollars? SURE it would "spend fast" but you would be able to focus on contributing to society & bettering yourself with education because you would not be starting firstly as a slave in life. All people (mostly lol) are basically good natured and can learn the importance of self esteem as pertains to their contribution whatever it is.
GenXFuturist101 3 years ago
All of this is true except for the interpretation. Of course it's not a perfect system, but despite the best efforts of the narrator, it can work, as long as the central bank doesn't abuse the system. This hasn't been the case with the FED and rates have been much too low. There are alternative money systems which I would advocate over the current one, but this is just blind conspiracy.
koloss999 3 years ago
Well, you obviously have not done your homework. Watch the documentary "The Money Masters." You can watch it for free on GoogleVideo. This is not a blind conspiracy. These s.o.b.s cannot be trusted. They have done what they are doing right now for centuries.
TPOCS 3 years ago
I watched that video about a year ago and it caused me to do some research. As I said, everything they are saying is factually accurate, but their conclusions just further their agenda. To say that debt is a worthless base for a money system is just wrong. If I take a loan to buy a house, then I will pay it back. As long as lenders are diligent, there is no problem.
koloss999 3 years ago
There is a problem...This is the second step of fractional reserve banking that people cannot seem to understand. Sure the bank loans the money which they dont have and the people trade it for something else, lets say electronic. The bank must now acknowledge the money the retail just acqure for the sale. It does not work that way. This money just goes into circulation and it laters become the cause of inflation. Just imagine someone counterfeing from a garage.
se7ensnakes 3 years ago
It's even worse if you pay it back, You don't understand the system. Do some more research and you'll grasp the implications of a debt system.
Watthiman 2 years ago
The system itself is the abuse. . This system will NEVER work. How can we be so certain of that? Because history proves it. The control of money has switched hands, from bankers to government about 7 times in our history. All you need to do is research and compare the economy while in the hands of the bankers. You will see very clearly that the system is set up to benefit the elite at the expense of the people. Yours is a naive interpretation.
Watthiman 2 years ago