Video reponse to "ThoughtBite: What's so wrong with the economy?"

[ammachi3]

OMG what you have said is so, so silly...look, this is all you need to know, so listen good: The government are the puppets of the big business and big bankers. They have been gaining more and more control over the last decades. Know we are a Corpratocracy, a society run by the few big businesses. These include the big banks and the oil and agricultural industry. We are not a republic anymore but a fascist oligarchy teetering on the edge of extreme fascism.

[KurzLuppii]

@ammachi3 You really think I don't know whats going on?

I am providing reasons and the solutions for the economy... thats my goal.

I could've gone into all those areas, but it'll take way to long to explain.

[ammachi3]

I’m sorry but you do not know what you are talking about...We have voluntarily given the government all our freedom by sitting around and not saying or doing anything when they have systematically destroyed our economy for the last few decades. Lazy + stupid people = getting put into slavery by those who gain wealth and power. We have just sat around too long and let them fuck us up the ass...

[ammachi3]

What the hell...we are not a socialist country, are you stupid?...try googling the word ‘kleptocrat’...we are run by greedy big business and big banks...they siphon all the money off of us and keep us in slavery...that is all you need to no... watch this channels videos then you might actaull be able to talk: samuraiconservative

[5pecular]

The first problem I have with your definition of economy is the phrase "Scarce". What happens when resources become abundant if we have an economy based on scarce resources?

The bubble bursts thats what

We need to change our definition of economy

Yeah removing control of money supply would go a long way to helping things but wont solve the root assumption which for many resources is incorrect.

Also the rich created government to protect their property, rich people were around before governments

[KurzLuppii]

@5pecular Resources are Finite, Scarce also means how much time and effort we can allocate to gather the resources. a Resource like water might be abundant however it takes a huge amount of energy to transform Ocean into Drinking water. Throughout history as technology progresses and time progresses it gets cheaper and more people have access to it. The poverty level in USA is better than the Middle class of other countries. Money is the single most important invention it enables eff exchange.

[5pecular]

@KurzLuppii "as technology progresses"

So that availability of a resource is not a function of how much of that resource their is but of technology. For example Oil is a scarce resource because the technology we use to transport ourselves depends upon oil. If we were to use transportation technology that did not depend on oil it would be an abundant resource still. The only resource which is truly scarce is land. Every other resource is technology dependent .

[KurzLuppii]

@5pecular What Transporting Technology do you suggest?

[wonderingmind42]

Kurz,

"We're a totally socialist society." I'd suggest you haven't seen much of the world.

I'm totally down with Martenson's Crash Course. You should look up "The UnCrash Course," which was done by another group actually trying to address what to do, since Martenson's Ch. 20 "What to do" is pretty much worthless. And if you haven't yet, go watch "Money as Debt." You'll love it.

And no, it's the rich who set up the system--including the gov't. That's pretty much all of history. :-(

[wassuppeeps]

So, in a nutshell, a portion of the us government is able to 'steal' money from a system they themselves tailor-made?

[KurzLuppii]

@wassuppeeps

Not quite sure what your thoughts are.

[poonjabinator]

Kudos for trying to explain the economy. Your explanation is more confusing than enlightening though. Just giving constructive criticism. You mentioned the fed, inflation, and other thing, so I think you understand more than most. I've found that the easiest way to explain the economy is to explain the purpose of money and how it can effect the exchange of goods and services.

[KurzLuppii]

@poonjabinator

Yea I know completely... I was trying to engage in a conversation with wonderingmind42.

He wanted to know whats wrong with the economy so i tried to briefly touch on a number of subjects in hopes to get him to debate/converse with me.

[IndividualAutonomy]

Hey man would you care to come to Skype?