Money As Debt 2-4
Uploader Comments (POPSmaroon)
Top Comments
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Never thought of Money as being created this way. Opens your mind a bit.
All Comments (68)
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The Only monotery system that can save the world is the islamic banking system which is based on interest-free banking. As long as we live in a world which is based on interest the world is doomed to fail. The crisis wil never end.
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@POPSmaroon GOOD JOB..WE NEED TO GO BACK TO GOLD & SILVER DAYS,,GADDAFI WAS DOING JUST THAT & LOOK WHAT THEY ARE DOING TO HIM..PEACE
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One way to get out of debt is to do it yourself. The best get out of debt tips is planning and discipline. The first step to relieving debt is to find out where you are. The important get out of debt tips are patience and diligence. Visit this site for more details, debtsolutionguide(dot)com.
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that was pretty enlightening. Amazing how humans can come up with such an abstract and successful way of creating wealth and improving everyone's lives.
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Free Enterprize cannot function if nobody can trust anybody and everybody always demand GOLD as collateral. The word, (promise), of a borrower, with good reputation, is the "value" behind Debt Money. This allows people to get the money they need quickly so they can finance their businesses and ideas, putting people to work and generating revenues for government and community. Debt Capitalism benefits ALL equaly. Everyone can enjoy the fruits of his/her labor without letting GOLD get in the way.
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The math here is all wrong! : 1111,12 cash dollars are deposited at the bank. The banks then use that cash deposit as reserves and create another 10000 dollars worth of credit, which is sent into circulation through checking accounts, and is eventually deposited at this or some other bank. The money supply has now increased by a total of 10000 dollars. 10000 is in circulation in the economy as credit, and 1111,12 is at the bank as cash reserves. Please Thumbs down until they fix the video :)
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This is all wrong: "Today, reserve requirement ratios no longer apply to the ratio of new money to gold on deposit, but merely to the ratio of new debt money to existing debt money on deposit in the bank."
The right definition is: Today, reserve requirement ratios no longer apply to the ratio of new money to gold on deposit, but to the ratio of new money to cash on deposit.
A HUGE DIFFERENCE!
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the price system is about to fail. If you want an alternative system that is scientific in nature, guarantees the highest quality health care, housing and living conditions to all citizens of north america by means of energy accounting , then investigate Technocracy Inc , it is a humanitarian organization free from the waste and destruction of the price system.
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But u can see now in the arab world, that the mass has power..
I recommend buying seeds, and learning how to raise your own food....you cannot eat gold or silver or federal reserve notes....
PS the Federal Reserve is NOT part of the government....
It's THEIR money....not OURS...
No Money
Know Peace
impalapez 1 year ago 13
@impalapez The truth sets u free... For u to call me a anti-government terrorists, dissidents, rebels, anarchists and nonconformist is such BS. U live in a small dark hole with one candle and call it "the light".
POPSmaroon 1 year ago 8
Hey, do u think we are going into an inflationary period? when, how much?
I subbed u
bt
btwall60 2 years ago
hyper spending ALLWAYS brings hyper inflation .. by end of Obamas 8 years 45 % prime with the same old thieves taken the money... until our revolutionarys are let out of prison where there held on war aginst drugs charges will be no change. our people who would take the streets start the strike are in jail... our youth is in prison to stop them from changeing the world
POPSmaroon 2 years ago
What is the order of these?
tigerbody69 4 years ago
1-5 thru 4-5.... 5-5 is the end of credits only
POPSmaroon 4 years ago