MAD3/1/3 Money as Debt III - Evolution Beyond Money Part 1: Examining the Problem / segment 3

What are the problems with our current money system? Part 1 of Money as Debt III - Evolution Beyond Money, takes a critical look at the fundamentals of today's money system, conceptually and in terms of its design arithmetic

Part 1 is a review, and an expansion upon, information provided in Money as Debt, and Money as Debt II - Promises Unleashed. It is advantageous to have seen the first two movies of the Trilogy because it is quite unfamiliar material for most people.

Category:

Education

Tags:

• alternative
• currency
• community currency
• mutual credit
• credit
• debt
• money
• monetary
• reform
• gold
• silver
• Tea Party
• Occupy Wall Street
• Federal Reserve
• dollar
• bailout
• economy
• financial
• collapse
• crash
• crisis
• recession
• freedom
• Money
• Economic
• Bank
• Educational
• Government
• Market
• Federal Reserve System
• United States Dollar

[sunn209]

As long as you have mischief makers, only God has a permanent solution to eliminate ALL mischief makers and the why and how , by conception, they and that mind set comes into existence.

NO plan will work, no matter how sophisticated, complex or scientific.

A civilization is coming on Earth that there will be no such thing as "market", "money" or "economy", those terms and their mischievous science will cease to exist.

This is the mischief makers last and final round, better enjoy it.



[PaulLWGrignon]

@sunn209

Yes, of course why didn't I think of this thousands-of-years-old excuse to do nothing?

I could have saved myself so much futile thinking and effort!

[hughescon]

Paul you have been able to provide me with a perspective that I have not yet considered. Debt as Money I + II were also brilliant.

I am interested in your opinion on Gold and/or silver. Do you think they are possibly a "store of wealth" or just a speculative asset?

Thank you very much.

[PaulLWGrignon]

@hughescon

Thank you . Anything durable that can be traded for what you really want in the future is a "store of wealth". Food seeds would be much more useful than gold if there are no seeds to buy with the gold. Every such asset is speculative, because no one knows what anything will be worth in the future.

[Reido2828]

This is by far the best doc I`ve seen on Alternative money. I wish the people would wake up and our government would follow.

[jdmoney86]

Proverbs 22:7 The borrower is a servant to the lender. So the current banking system is set up to simply make more money faster. With everything being filed electronically they can now cheat by entering fictitious numbers into the computers. But you can't point the finger at the banks, because they don't force their services on an individual. It's up to the person whether or not to decide to take out a loan or just save, which is rare these days.

[gamerunknown]

Free exchange cannot occur without worker control of the means of production. If the owner of the land and sea gathers the profits of their rent, then the workers are subject to a third man. If the worker chooses to work beyond their own means of subsistence using their own tools in order to sustain the non-productive element of society, that's their choice: (anywhere from children and retirees, those providing public services like doctors and teachers, the unemployed, all the way up to CEOs).

[gamerunknown]

@const71

"it's not clear whether capital investment causes productivity or productivity leads to capital investment. It's not known whether openness to trade improves economic growth or whether growth leads to trade" - Robert Solow.

"Liberalizing and globalizing capital markets has not accelerated economic growth in the developing countries by more efficiently guiding capital accumulation and technological progress" - David Felix.

Free market economies, third world societies.

[niggaflies]

3:45, Bernake on a horse is a stroke of genius

[const71]

hence the term "free market", it is within the interest of both buyer and seller to find the proper currency of exchange that works for them both. If gold or silver become improper as a means of exchange, something else will replace it.

The point is you do not allow government decree to mandate what the currency of exchange is. Anyone who does is nohing but a fiat apologist.

[PaulLWGrignon]

@const71

If you show up at a farmer's market with an abundance of real things to trade but no one has any gold or silver, what are you going to do? Give up and go home?