Money as Debt II Promises Unleashed (7 of 8)
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Bailouts, stimulus packages, debt piled upon debt, where will it all end?
How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers?
And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt!
Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT…and how we might evolve beyond it into a new era.
http://www.moneyasdebt.net/
Duration : 0:9:55
25 Comments to Money as Debt II Promises Unleashed (7 of 8)
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gold & digital …
gold & digital moeny is the same as money, it won’t work. I say we barter. I’ll trade some eggs for your carrots. Or how about NO one have more than another & everyone help out such as we all help out in the field & we all eat. or we all help with a barn raising & we all have a place to stay. Of course there’s an exception with handicapped people so there’s also a need for doctors, but eliminate all the pencil pushing jobs & lazy worthless people who create more garbage than help the earth.
Violations #1 and …
Violations #1 and #2 are a joke. #3 is not an impossible contract.
Banks do lend existing money. What a joke.
@TheMikeLorenzo, …
@TheMikeLorenzo, that’s exactly what they want a CASHLESS SOCIETY. Where EVERYTHING you do/buy/sell is tracked. The SDR’s or Special Drawing Rights is what they are going to suggest as a solution or a world govt through SDR’s funded by CARBON TAXES! SAY NO TO CAP AND TRADE!!!!
@fermisparadox That …
@fermisparadox That is, a currency created out of thin air and maintained by a private third party.
… how did this …
… how did this series of videos which, up to this point, was wholly perceptive of the problem veer waaay off into left field? The “solution” is damned disappointing. Only commodity based currencies can work. How the creator of such an informative series about monetary issues could be so misguided as to a solution is beyond me. To suggest currency maintained by, presumably, _another_ private third party I can only pose the question, “Quid custodiet ipsos custodes?”
The digital money …
The digital money assumes that the operators/managers of the system wouldn’t abuse their power in the same way the banks have.
PAPER MONEY =TOILET …
PAPER MONEY =TOILET PAPER!
@theboiljulia …
@theboiljulia Correct – he’s right in the diagnosis, but wrong on the cure.
@Shaireece What’re …
@Shaireece What’re you going to sue for… money?
basically what this …
basically what this guy’s suggestion of a monetary system is one dependent on a world that has no currupted, greedy, or tyrannising arseholes. a world like that proberbly will never happen.
how about going the …
how about going the american way and sue? the public against the monetary system for fraut.
is the solution to …
is the solution to this buying gold and silver?
@TheMikeLorenzo, …
@TheMikeLorenzo, that’s exactly right. In fact that’s exactly what the international banksters who call themselves the illuminati want: a cashless society. EVERYTHING will be tracked from A-Z in their new world order. They are destroying the global economy on PURPOSE in order to bring in world govt.
The solution to …
The solution to private central banking is public central banking.
a metorite that …
a metorite that would slice and dice earth in two pieces is the solution.
*facepalm*
*facepalm*
Maybe this universe …
Maybe this universe… but there are infinite universes in the multiverse. So…
I think it’s weird …
I think it’s weird that the narrator talks about electronic transfers as being an easy way to debase, then goes on to talk about digital money being a valid answer to the problem. It seems to me, that a digital dollar could exist at 2 places, simultaneous where coin cannot.
@yakyakyak69 : you …
@yakyakyak69 : you misunderstand the point. If the government were to “send” money out into the public in an open forum, then it would IMMEDIATELY and upon creation, decrease the value of the bill and increase the price of items. Money sending would actually be worthless to do, therefore taxes are introduced to reduce this spending. This is much better than banks promises over P+I that they do not actually have YET, and can never get, it’s a ponsi scheme legal.
The universe …
The universe contains finite matter. You fail thermodynamics 101.
Politicians making …
Politicians making money out of thin air and then using that money to buy votes sounds almost as bad as the bankers doing it.
We’re better off with a commodity based currency because commodity is the only TRUE representative of the labor required to produce a LIMITED resource.
we’re still here on …
we’re still here on earth, and we got a REAL problem here, NOW.
nothing digital is …
nothing digital is secure. ever. the proposal of digital money creates a very serious potential for fraudulant currency. additionally, i suspect this is groundwork for a foundation for RFID chips to be as modern “wallets” that will be proposed as thief proof. this is flawed as well in that no encryption is unbreakable. someone would mearly require a rf scanner and a working knowledge of programming script. i, for my part, say nay. gold for me please, or real resources.
my ONLY problem …
my ONLY problem with this is that the solutions proposed are always fail proof. I think people forget that hingsight is always 20 20 and that everything in theory looks good. I’m not sure there really is a true and fail proof solution to ANYTHING be it political or monetary.
How do you travel …
How do you travel to other galaxies when you have no resources to do so?