The Myth of the Free Market: Fractional Banking and Private Currencies

Don't imagine you can know how the future will function...

Category:

Education

Tags:

• fractional
• banking
• currencies
• freedom

[Digali]

@MTL911Truth uh. No. Just...no. The reason derivatives exist and are used to the extent they are today is because of the PERVERSION of the free market, by the government. The guarantee much of these packaged securitized derivatives. And they do with OUR money by the way. So when a bank buys a derivative (which is, basically, a bet.), they are counting on the government covering the losses. while they reap the profits and gains. How many banks would risk their OWN money on bets? BAM. Solved.

[Goodworker]

There's no one best solution to complex social problems, ergo we should let the free market decide everything? Aren't you giving one solution to all social problems yourself (the free market)? Why do you confine freedom to market processes with your statism/market dogmatism? Universal healthcare can be seen as freedom for many people, not only as "imposition". Inversely, the simple idea of the free market you discuss deflects attention from the coercion that maket processes impose on people.

[pasqualebrow1230]

Your video went viral on Vatican City

[adhocrat1]

@Goodworker

so what happens if I don;t want what you are offering? Do I still have to pay?

Example, what if I home school my children. Do I still have to pay school taxes?

[Goodworker]

@adhocrat1 waving a weapon, or relieving some of the pressure that market forces are imposing on people?

Your obssession on the force of the state deflects attention away from many other forces that discipline people. This blinds you from the possibility that common goods such as public healthcare can help relieve some of the actual pressure that people experience in their day-to-day lives and that is impinging their autonomy and freedom.

[adhocrat1]

@Goodworker

Son, you are the one waving a weapon, telling me what I gotta do because you say so. Then you get all upset that I point out that you are brandishing a gun.

How exactly are you going to get money out of me to pay for your universal health care scheme? I am not going to give it to you. You are threatening people then telling them they are inflammatory for pointing it out.

Yikes.

[Goodworker]

@adhocrat1 Depending on your ideological point of view, government interventions (like universal healthcare) can be seen as something violent, or as cooperation and freedom. All I was saying is that you need to recognize the plural ways in which people experience force and freedom via the government and markets. We all agree that we need to pay for communal things; the question of defining our communal priorities and needs is a political one, so stop the inflammatory gun metaphors.

[ackiemays11j]

This video is a favorite on Washington D.C.

[adhocrat1]

@Goodworker

Can I call you Slick?

universal healthcare is a form of force. You are extracting my money for your purposes.

The way you take money from unwilling participants is with a gun, therefore you are saying "If you don't agree with my ideas, I'll put a gun to your head and force you to obey"

Do. Not. Want.

IOW, you are saying you prefer force to cooperation.

I will call you Slick

[HanStanwell]

who doesn't like frying bacon in the nude?

[pperezklein]

@Satarack The fact that you are writing to me tells me that you understand language, therefore you understand words and therefore you understand that a word is the label of a single and unique concept, because if you didn't, then you wouldn't be writing to me because you would know that I wouldn't be able to understand what you are trying to communicate to me, because it could mean something different.