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 Money as Debt
#940692
04/16/09 02:48 AM
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Joined: Apr 2002
Posts: 3,622
OP
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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
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Joined: Apr 2002
Posts: 3,622
OP
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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
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Re: Money as Debt
[Re: NathanC]
#940694
04/18/09 03:49 AM
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Joined: Jan 2001
Posts: 3,876
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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
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Re: Money as Debt
[Re: Tag]
#940695
04/18/09 03:53 AM
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Joined: Apr 2002
Posts: 3,622
OP
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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
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Re: Money as Debt
[Re: NathanC]
#940696
04/18/09 05:03 AM
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Joined: Jan 2001
Posts: 3,876
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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
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Re: Money as Debt
[Re: Tag]
#940697
04/19/09 04:36 AM
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Joined: Sep 2002
Posts: 3,634
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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
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Re: Money as Debt
[Re: NathanC]
#940698
04/19/09 07:54 AM
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Joined: Jan 2001
Posts: 3,876
Roll Me Over
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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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