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Originally Posted by Paisley
The banksters don’t want you discovering historical examples of “fiat” currencies because they demonstrate that a middle-man who lends money out at interest is not only unnecessary, but a direct cause of booms and busts. Also, such examples impinge on their cyclical plan of presenting the gold standard as a false solution for a return to “stability” and “honest money,” after their debt-money system has inevitably reached its end in the current cycle.
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No, really. Stupidity, and herd behavior are probably the most 'direct causes' to boom and bust. It's not the car's fault if you drive it off the bridge.
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So are you saying that it isn't possible to engineer an economic/stock market crash via boom and bust .... Jeso just look at the 1920' and early 1930's
All through the federal reserve.... which is about as federal as federal express.
Its a private corporation.
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I understand you're very US-focused because you lack the ability to think beyond to what the video feeds you. ECB isn't a private corporation. People's Bank of China most certainly is not.
Can you elaborate, how exactly 1930s 'Great Depression' was engineered?
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It has gotten to the stage where some countries have debt secured against direct taxation as a result of debt (from interest issusing the currency) from yesteryear that hasn't been paid off.
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Yes? It's what we'd call income transfers across generations.
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Your mum and dad sign your birth certificate ... creating your strawman for tax liability.
In some countries birth certificates are tradable commodities on the stock exchange.
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In my country, I can freely move abroad if the home tax system isn't satisfying. The same applies to the US. The last left onboard is the person to turn off the lights. If a birth certificate becomes a commodity, it's certainly about something else than the monetary system.
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With boom and bust, what might be affordable 5 years ago is no longer the case due to the circulation of money.
When the circulation of money was restricted eg. The credit crunch
There was going to colaterial damage to families and their incomes.
You can still say that there are certain folk who take out credit irresponsibility
however this would be vastly reduced if there wasn't this interest applicable debt money.
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What was 20 years ago was affordable because colonization and imperialism were still more or less in impact, or at least the convergence methods were severely limited. Now, that convergence methods are less limited and we can't enslave negroes anymore, did you expect the west to be able to live above it's means without collecting massive debt?
Families were one of the key component of the 'folk' who took out credit irresponsibly in the US before the credit crunch. This is the same in Finland through history. Mortgage lifespans can be as long as 25 years. If this isn't mad I don't know what is.