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Money as Debt #940692 04/16/09 02:48 AM
Joined: Apr 2002
Posts: 3,622
NathanC Offline OP
Roll Me Over
I found this video while learning about fiat money.
Money as Debt
Sorry if this has been posted before.

-Nathan


'06 Dakota QC 4.7 6sp 4x4
'88 Mighty Max
'77 KZ1000 fun old bike
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Re: Money as Debt [Re: NathanC] #940693 04/18/09 03:38 AM
Joined: Apr 2002
Posts: 3,622
NathanC Offline OP
Roll Me Over
I'm amazed no one has commented yet.

Perhaps I need to stoke the fire a bit more:
Fiat Empire


'06 Dakota QC 4.7 6sp 4x4
'88 Mighty Max
'77 KZ1000 fun old bike
Re: Money as Debt [Re: NathanC] #940694 04/18/09 03:49 AM
Joined: Jan 2001
Posts: 3,876
Tag Offline
Roll Me Over
*****
I did not know that most people did not know the stuff in the vid you posted. I mean I did not know the history of it but I thought fractional reserve banking was common knowledge. Not that I like it.


89 2dr 3.0 AT, manual hubs. 33x12.5 MT
gen 2 coils,Cranked front tbars
Dons rocker protection, Front/Rear Bumpers. ARB rear locker, 2" BL, Beefed up skid plates/trailing arms. Gen II uca, 2 Bouncy seats www.youtube.com/TagGeorge
Re: Money as Debt [Re: Tag] #940695 04/18/09 03:53 AM
Joined: Apr 2002
Posts: 3,622
NathanC Offline OP
Roll Me Over
I hope your are right. I never knew to what extent it occured. Now I kinda wish I didn't know. <img src="/forums/images/graemlins/baby.gif" alt="" />


'06 Dakota QC 4.7 6sp 4x4
'88 Mighty Max
'77 KZ1000 fun old bike
Re: Money as Debt [Re: NathanC] #940696 04/18/09 05:03 AM
Joined: Jan 2001
Posts: 3,876
Tag Offline
Roll Me Over
*****
What gets me about it is that they have created the money for loans out of thin air. Money they never had in the past. Then when a loan does not get repaid they get to wright the money off as a loss or sell the debt. A loss of money they did not have in the first place. So they still come out somewhat ahead. <img src="/forums/images/graemlins/angry.gif" alt="" />


89 2dr 3.0 AT, manual hubs. 33x12.5 MT
gen 2 coils,Cranked front tbars
Dons rocker protection, Front/Rear Bumpers. ARB rear locker, 2" BL, Beefed up skid plates/trailing arms. Gen II uca, 2 Bouncy seats www.youtube.com/TagGeorge
Re: Money as Debt [Re: Tag] #940697 04/19/09 04:36 AM
Joined: Sep 2002
Posts: 3,634
bretwalda Offline
Roll Me Over
I've always thought that is the best vid out there explaining the system. The original was produced by some Socialist organization though which kinda pooped on the whole thing for those that can't see through that.

Looks like they edited out some of the ending - which is a good thing. <img src="/forums/images/graemlins/smile.gif" alt="" />


concreteprinter.com
Re: Money as Debt [Re: NathanC] #940698 04/19/09 07:54 AM
Joined: Jan 2001
Posts: 3,876
Tag Offline
Roll Me Over
*****
Quote
Now I kinda wish I didn't know.


Thats understandable.


89 2dr 3.0 AT, manual hubs. 33x12.5 MT
gen 2 coils,Cranked front tbars
Dons rocker protection, Front/Rear Bumpers. ARB rear locker, 2" BL, Beefed up skid plates/trailing arms. Gen II uca, 2 Bouncy seats www.youtube.com/TagGeorge

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