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Originally Posted by Paisley
I still haven't seen anything from previous posts from yourself that there is an acknowledgement (either a confirmation or a denial) that there are central banks like the federal reserve who issue money (US $) out at interest and because they have a monopoly on the money (US $) this debt is impossible to pay off.
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No, I disagree with this view. I've tried to discuss it, but it seems we will wind up disagreeing - I could, as I said, link an infinite amount of academic discussion about it but it's a vanity since (technically understandably) we will both have our citations and arguments, and we will neither believe the others'. And whilst I'd find economic theory and academia more reliable a source, you will find youtube videos and blogs more so - it's something that cannot truly be contested either way.
I mentioned credit agencies yes. But in the same fashion that I do not consider democracy being inherently evil because there is a widespread corruption in say, Russian system (despite it being a "democracy"), I do not believe the monetary system is a failure because it attracts corruption. More so, I believe a lot of problems could be resolved simply by combating this corruption. I retain my original statement: if there's an infected sore in your hand, it's better to treat it rather than chopping the entire arm off.
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Again keiz I have to ask if you had a look into the history of Lincoln's Greenbacks? (US government money issued interest free and how this pissed off the International/Rothschild bankers)
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No. I'll assume it's another internet conspiracy theory thing. Someone was near-assassinated or assassinated? Western politicians are so uncivilized with their paramilitary intelligence stunts.
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Iceland’s brave resistance is to be commended.
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Iceland's regime's brave idiocy in terms of allowing the banking sector to expand through nonsense-leverage is also to be commended, and is one of the key factors that lead to their grief. Hindsight will find, in addition to the "bankers are cheaters" -stories of Iceland a posteriori, also infinite amounts of a priori stuff about how the Icelandic tigers are going to beat the world and how Icelandic banking system is something to worship.
Here we go, for example.
Ironic, isn't it? Give or take a year or two, and the same people end up hating what they used to love and worship. Commendable, perhaps. Ignorant, arrogant, and foolish, definitely.
Here's what I think about ponzi schemes: they're only possible when a) the population is too uneducated and gullible and/or b) the supervision shares the population's problems. Again, I emphasize: an incorruptible system does not exist. Corruption causes systemic problems, and is a great cause of such, and should be fought at all costs. However, a system isn't inherently flawed simply because corruption happens in it. If this would be the case, we could happily shoot down all systems. I've seen many attempts to put communism or socialism or whatever you want to call it, into practise, and all of them have been equally if not more corrupt than democracies and monetary systems at large.
I can remember some vague idea from one of your videos where the government would only issue some happiness-coupon related currency backed up in gold or something, for purposeful projects. Hello? Are we here? We're expecting the same government that gets turbo-lobbied by Wall Street and other folks to be able to pull that off without being ****dumb at it? Seriously? Yes sure.
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I am researching the MF Global crisis which reeks of Ponzi scheme and the John Corzine + Goldman Sachs connection and how Goldman Sachs are planting their guys in key places in certain governments like the USA, Greece and Italy. This seems to be consuming most of my Internet time at the moment. I'll get back to finishing the world enslavement on the fly thread
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Yes. Corruption is a problem with that too, I'm well aware of say a certain Hank Paulson Jr. It's not exactly news.
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However You know that it is a question of WHEN rather than IF.
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Yes, it most likely is a question of when: I predict the people to get buttraped the hardest in the first wave will be those who took a mortgage, and believed that a) the interest rates will never rise due to financial situation so they can handle interest payments no matter what, and/or b) they will never get unemployed or sacked because they are simply so good*, and/or c) should one or two of the previous happen, they can always sell their house on profit because they got it so cheap and face it, housing prices must always go up. I mean, stupidity IS expensive isn't it. Nobody's forcing you to make these choices: all the education on it is freely available on the internet, there is tons of economic research in places like econpapers and syndicate, in addition to the youtube videos (the good, the bad, and the conspiracy ones).
If you really don't get it, then you can mostly blame yourself.
(*and they are worth every penny of their work; in fact, the average western isn't that much more productive than the Chinese, probably: it's a question of tech rather than labour, and unless parity happens in China, the western worker will have to learn to live with the fact that maybe his work wasn't worth that much either)