How Money Is Created (2 of 3)

How American Currency is created.

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[kwillis46]

Interesting for thought, but leaves out inconvenient facts. If you're a communist, you love this video. But it does have some good points.

[godisafrauddotcom]

I'm curious to hear what the inconvenient facts are. If you don't mind to share what you know, please do. Also, how does liking this video make you a communist?

[Hadesqq]

@kwillis46

you are retarded, this video shows real owners of world and power, there is nothing to do with communism

[3serlo3]

!!!RON PAUL FOR PRESIDENT 2012!!!

[TheWorkslave]

Greed!!!!!!!

[gingerjen888]

@FarhadTv Greed creates war. Limited resources and fear of running out creates greed. In God we Trust, not money or bankers. When virtual money can build castles that do more than float on debt, we may solve the war problem. War is about controlling mining and water rights, oil and trees. Banks create debt, debt creates fear and fear can make people do crazy things like send other people's children off to battle in distant lands. Where is the Godzilla? Religious freedom will grow from within.

[Alektorophobia101]

@peterziggyw This is from Zeitgeist, a documentary produced in 2007. They have a new movie out now you can watch on youtube.

[professornuclearbomb]

Governments ought just to print money to pay for goods and services (and remove by taxation) and to prevent inflation or deflation.

[ghg6541]

so if money is debt and debt is also mone..that means banks are just passing more debt on consumers to faustrate their since they already know some can't afford to pay it back.so the give you morgage loan and after they collect your house when interest goes up and you can't afford to pay back this debt..Why can't the government borrow more money to bail out consumers?

[peterziggyw]

What is the source of this amazing video?

[FarhadTv]

I want someone to explain to me clearly, how does the bank create wars?

[fullfist]

@socrate76 " how can on have life without work?" i'll tell you who does not need to work... the jew banker, he simply has money BECAUSE he already had money (through interest), and THAT my friend is the ultimate human form of parasitism ,stated in the ancient times.

The excuse states that the banker risks by giving out a loan, but that is not true, he more that cover his ass by assets of true value that a loan seeker has.

[brettymike]

@socrate76 Doctors don't belong in the Shiny Bum group,they usually save lives.

The real workers are Engineers/Inventors, Construction workers/builders,Labourers/Cle­aners (in fact the Labourers and Cleaners are unsung Heroes).

The world used to work just fine ,if not better when there were no software programmers for instance.

Most of todays deadwood white collars have been dream't up by Government and Banksters.

[socrate76]

@brettymike I don't agree. White collar job exists because (private) businesses needs their skills. Entire job industry are white-collar only (e.g. software programmers, doctors, etc). How efficient they are, it's only the business of their (private) business owners. I agree w/ small gvt.

In TX we have this site to find energy providers, google for "power to choose" (cannot post links), then search for e.g. zip code 77021 for a fixed rate. See? Free markets at work via a (small) gvt website.

[socrate76]

@brettymike No, just relatively fuel efficient small sedans. Wish I can get diesel, but the sales person would not negotiate the price, based on "it's fuel efficient so it's worth more". Yeah, right, so we found another salesperson from another dealer with another brand who was willing to negotiate a good price of a car and make a sale advantageous to the buyer.

Each time I fill the tank, we write down the odometer on the receipt, then keep a simple XLS spreadsheet, to control costs, mpg, etc.

[brettymike]

@socrate76 Do you guy's drive diesels ?

[brettymike]

@socrate76 Most of those white collar jobs are unproductive ,inefficient and creat nothing but a waste of time and paper.

They usually ride on the coat tails of engineers and construction people's hard work.

A good example is govt. bureaucrats etc.

All most of them do is pass the time away shuffling paper around ,trying to look important.

Power here is 20 cents a KW HR + line fee's.

Small block of cheese is $10

Meat and fish is a hell of a price $10-$50 per kilo.

[socrate76]

@socrate76 I got the math wrong (forgot to divide). We drive 2500 miles combined per month at 28 mpg average on both cars

[socrate76]

@brettymike Food is a bit higher, but we analyzed every receipt and were able to make adjustments. Buying some (but not all) in bulk from Costco or Sam's Club also helps. My lunch is no more than $5. Buying flour and baking own bread (a bread maker is only $40 and last 5 years) is cheaper & healthier than the sliced bread with a higher markup for the vertically integrated food company. So yeah, prices fluctuates, but we are adaptable and constantly get more efficiency for the buck.

[socrate76]

@brettymike I am talking about real jobs in the back office (accounting, HR, marketing, etc). You know, the white collar jobs, which are as real as the blue collar ones. Land tax was always fix % of market value in TX. My electric bill is lower from switching providers (@8.3cent/kwh now down from $13/kwh I've paid in 2008). Gas is about the same as in last 5 yrs (except brief spike in '08), fuel efficient cars help (my family gas bill is $250/mo, we drive 7000 miles combined per month in TX).

[brettymike]

@socrate76 I was actually thinking of Real jobs ,where the person gets their hands a bit dirty and even takes skin off at times.

Cost of TV's and alot of other goods has come down,but they are dramatically raising prices on things we can't much haggle over or avoid.

Haven't you noticed -rates(land tax),fuel,electricity,gas,food­,gst going up & up ???

[socrate76]

@brettymike Also, the reason the costs in general did not went down is that most of people found it easier to borrow more money to pay for inflated prices than to fight/negotiate for better prices. That new Acura is so compelling when you get 0% interest for the first twelve months, isn't it? That new flat panel TV one don't really need is only $80 per month! A rule of thumb in sales is: "charge as much as the market can bear".The comfort in most people make them bear the cost of their behavior

[socrate76]

@brettymike Working more hours does not mean working more efficiently. I see co-workers downloading data from our SAP (ERP software) into Excel, making offline manipulations, then emailing those as attachemets, instead to know how to run a report with a certain variant. Yeah, they use technology, but very inefficiently. Also, a lot of time at work is wasted reading news, checking Facebook, all the distractions. Just ask your IT colleagues for what and how people (mis)use technology these days.

[brettymike]

@socrate76 Of course , everything on this planet has to do a certain ammount of work to survive - even an ant.

But you must have noticed how more people have to work more and more hours just to pay basic bills these days??

Why should a person have to work 10-12 hr days instead of 6-8 hrs??

Especially with all our technology.

[socrate76]

Nobody forces people to take loans. Too many people got loans for things they cannot afford: big houses, BMW-s, luxury vacations. If you cannot own, rent. A cheap car paid in cash w/ no finance can get you to work, a simple cheap cellular phone can replace an expensive iPhone 4.

People complain a lot about banks, loans, and interest, but they create those loans through their insatiable demand for instant gratification and a life-style beyond their means.

[socrate76]

"People are forced to compete for labor" ha-ha!! How can one consume without work? You are either a farmer and must work to produce your own goods for own consumptions. Or you are not a farmer but something else, and must satisfy a "need" of somebody else to have what to give the farmer in exchange for his goods. Either way, you have to work. And if you're not a farmer, you must work what is needed by others, which means you must compete on the labor market. How can one have live without work?!