If you got 30 minutes to waste, this gives good information about our economy and has some cool animations. :D
[media]http://www.youtube.com/watch?v=iFDe5kUUyT0[/media]
if it's a waste of 30 minutes then why would i want to watch it
[QUOTE=JerryK;42549868]if it's a waste of 30 minutes then why would i want to watch it[/QUOTE]
"If you got 30 minutes to waste"
there's always something else you could be doing, no matter what
so saying "if you got xx minutes to waste" doesn't make it any less of a waste
[highlight](User was banned for this post ("why reply" - Orkel))[/highlight]
so far none of these replies has helped me decide if i want to watch a 30 minute clip. so i'm venturing off to watch it now.
[editline]17th October 2013[/editline]
is this for fucking real. are these true facts?
[QUOTE=Unreliable;42549933]so far none of these replies has helped me decide if i want to watch a 30 minute clip. so i'm venturing off to watch it now.
[editline]17th October 2013[/editline]
is this for fucking real. are these true facts?[/QUOTE]
For the most part, yes. At it's current point, the US economy cannot be salvaged.
I guess i could skip masturbating tonight and watch this...Give my penis a rest
this is horrific and i'm going to show everyone i know tomorrow
I'm taking a macroeconomics class and I can actually affirm that most of his points are factually correct, just taken in the wrong light.
It is true that there are federal bonds that are sold and bought [b]as a way to control the money supply[/b]. Sell bonds, reduce money supply by taking it out of the loop. Buy them, increase it. Banks lending also increases the money supply. This allows the fed to control the supply carefully in response to current economic trends.
However, while he takes this in the light of "Debt, debt everywhere", the real light to look at is "GDP, GDP everywhere" (GDP = gross domestic product, essentially how much stuff a country can produce. Produce more and you'll pretty much raise the standard of living).
Think about it, you put in $100 to save. You probably won't ever need all of it at once - you'll be taking bits and pieces out as the years go by. Now, there's a guy who wants to open a small bakery down the street. He takes a loan of some of your money out of the bank and builds that bakery, which you then enjoy down the line as he sells you excellent bread. He pays back the loan slowly, you use the money slowly, you never see the difference, [b]however[/b], now your town has delicious bread for you to enjoy. Overall an increased money supply means more stuff is being bought and built, and the standard of living goes up.
Also inflation gets a bad wrap. If there's deflation then money starts becoming more and more valuable, so people basically have incentive to not spend, which leads to a recession.
i remember hearing a 'this american life' about a couple of dudes who sit in an office and put billions of theoretical money into the global economy to keep it balanced and from crashing
[QUOTE=Nutnoze;42550199]
Think about it, you put in $100 to save. You probably won't ever need all of it at once - you'll be taking bits and pieces out as the years go by. Now, there's a guy who wants to open a small bakery down the street. He takes a loan of some of your money out of the bank and builds that bakery, which you then enjoy down the line as he sells you excellent bread. He pays back the loan slowly, you use the money slowly, you never see the difference, [b]however[/b], now your town has delicious bread for you to enjoy. Overall an increased money supply means more stuff is being bought and built, and the standard of living goes up.
Also inflation gets a bad wrap. If there's deflation then money starts becoming more and more valuable, so people basically have incentive to not spend, which leads to a recession.[/QUOTE]
This system pretty much works, and works well around the world.
Just avoid panic during crisis. Because it happened in Russia several times, I saw it happen. People start taking every penny they deposited previously, and banks, unable to return all the needed currency they don't actually have active (they never had so much vault money to begin with), start collapsing one by one until eventually government steps in and everyone's the loser.
Ron Paul! Ron Paul! Ron Paul!
I'm sorry but Ron Paul at the end made me burst out in laughter
Ron Paul is just another puppet of these people who are at the top of the pyramid.
This oligarchy are putting everyone on this planet within their debt based system. The whole global economy is at this moment being engineered into total collapse. Out of the chaos they will present the solution to the turmoil. A global central bank with a global currency and global government. This is what the so called "new world order" is all about.
[I][B]"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."[/B][/I] - Thomas Jefferson
[media]http://www.youtube.com/watch?v=acLW1vFO-2Q[/media]
[QUOTE=Nutnoze;42550199]I'm taking a macroeconomics class and I can actually affirm that most of his points are factually correct, just taken in the wrong light.
It is true that there are federal bonds that are sold and bought [b]as a way to control the money supply[/b]. Sell bonds, reduce money supply by taking it out of the loop. Buy them, increase it. Banks lending also increases the money supply. This allows the fed to control the supply carefully in response to current economic trends.
However, while he takes this in the light of "Debt, debt everywhere", the real light to look at is "GDP, GDP everywhere" (GDP = gross domestic product, essentially how much stuff a country can produce. Produce more and you'll pretty much raise the standard of living).
Think about it, you put in $100 to save. You probably won't ever need all of it at once - you'll be taking bits and pieces out as the years go by. Now, there's a guy who wants to open a small bakery down the street. He takes a loan of some of your money out of the bank and builds that bakery, which you then enjoy down the line as he sells you excellent bread. He pays back the loan slowly, you use the money slowly, you never see the difference, [b]however[/b], now your town has delicious bread for you to enjoy. Overall an increased money supply means more stuff is being bought and built, and the standard of living goes up.
Also inflation gets a bad wrap. If there's deflation then money starts becoming more and more valuable, so people basically have incentive to not spend, which leads to a recession.[/QUOTE]
Except incomes rarely change. That bread might cost $4 now, but it'll cost $9 soon, yet my income hasn't changed.
Time to become a banker
[QUOTE=TheTalon;42556727]Except incomes rarely change. That bread might cost $4 now, but it'll cost $9 soon, yet my income hasn't changed.
Time to become a banker[/QUOTE]
Where the fuck do you buy bread?
[QUOTE=Ybbat;42556794]Where the fuck do you buy bread?[/QUOTE]
Even Wal-Mart has loaves of bread that cost up to $5
[QUOTE=Tengil;42556716][I][B]"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."[/B][/I] - Thomas Jefferson[/QUOTE]
Conquered? I'm sure the Indians won't mourn the collapse.
[QUOTE=Nutnoze;42550199]I'm taking a macroeconomics class and I can actually affirm that most of his points are factually correct, just taken in the wrong light.
It is true that there are federal bonds that are sold and bought [b]as a way to control the money supply[/b]. Sell bonds, reduce money supply by taking it out of the loop. Buy them, increase it. Banks lending also increases the money supply. This allows the fed to control the supply carefully in response to current economic trends.
However, while he takes this in the light of "Debt, debt everywhere", the real light to look at is "GDP, GDP everywhere" (GDP = gross domestic product, essentially how much stuff a country can produce. Produce more and you'll pretty much raise the standard of living).
Think about it, you put in $100 to save. You probably won't ever need all of it at once - you'll be taking bits and pieces out as the years go by. Now, there's a guy who wants to open a small bakery down the street. He takes a loan of some of your money out of the bank and builds that bakery, which you then enjoy down the line as he sells you excellent bread. He pays back the loan slowly, you use the money slowly, you never see the difference, [b]however[/b], now your town has delicious bread for you to enjoy. Overall an increased money supply means more stuff is being bought and built, and the standard of living goes up.
Also inflation gets a bad wrap. If there's deflation then money starts becoming more and more valuable, so people basically have incentive to not spend, which leads to a recession.[/QUOTE]
so you just summarized a 30 minute video for me in a single post. fuckin cool beans
[QUOTE=TheTalon;42556727]Except incomes rarely change. That bread might cost $4 now, but it'll cost $9 soon, yet my income hasn't changed.
Time to become a banker[/QUOTE]
Yes, because the total life expectancy and life quality totally hasn't skyrocketed over the past 200 years?
Oh wait, it has.
People forget that 200 years ago people worked longer hours for less pay and less food then we do now (Far less, I'm talking you get 7 hours of off time max).
[QUOTE=TheTalon;42556890]Even Wal-Mart has loaves of bread that cost up to $5[/QUOTE]
lmao at my store its literally 10 for 10. idk where the fuck you are getting bread.
Unless the dude in the video has a PhD in economics; I would take everything he says with some salt since hes just explaining the banking system and money supply. (Macroeconomics)
Yes, everyone above me is right. Take it with a pinch of salt, he's probably wrong about all of this shit. Go back to sleep and suckle that big dick shaped pacifier people.
Isn't this what enables the whole machine?
Also if you're studying economics and you say "hey well this isn't what i'm being taught" guess what. The same people who own this system, wrote your books on economics.
Someone got a TL;DW?
If only I knew who to believe
when hall of the mountain king started playing i knew shit was about to get real
I like my own personal solution, don't do loans.
[QUOTE=Binladen34;42560879]I like my own personal solution, don't do loans.[/QUOTE]
Loans are pretty important to how our economy works.
Most people can't afford the upfront costs to do things like create a business, that's where things like loans can be most helpful.
[QUOTE=Binladen34;42560879]I like my own personal solution, don't do loans.[/QUOTE]
Not to be into conspircy, but the system is pretty much rigged into you having to take loans if you want to, say, open your business, as Valnar already said. Because banks operate in such way, and governments across the board are not too interested in having their banks sad. The economy is rigged into sucking as much money out of you, it has been since the dawn of times - government has to operate somehow, while not forgetting to also feed their families expensive stuff.
[QUOTE=RentAhobO;42557911]Yes, everyone above me is right. Take it with a pinch of salt, he's probably wrong about all of this shit. Go back to sleep and suckle that big dick shaped pacifier people.
Isn't this what enables the whole machine?
Also if you're studying economics and you say "hey well this isn't what i'm being taught" guess what. The same people who own this system, wrote your books on economics.[/QUOTE]
Yeah if ur educated on economics ur wrong Im right. Trust me I read internet posts and for sure dont participate in the system i have crazy theories about everyday.
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