Topic: A Professional Video about Fiat Money (Read 2436 times)

That's hilarious!

looool- awsome

The American Dream - Cartoon - 30 minutes. Awesome

http://www.youtube.com/watch?v=tGk5ioEXlIM

You seem to have the same old simpleton understanding of banks relying on Grandma depositor's money for much of anything.  It makes enough intuitive sense that Joe Sixpack will buy it, so that is the story line which is pushed.  That's true to a tiny degree insofar as they (sometimes) have some capital requirements, but that is largely a quaint reminder of days gone by.  Banks primarily play around with debt (aka risk) in the OTC markets these days as evidenced by the notional value figures of the derivitive markets.  True, there are some pockets of 'hot money' value (pension liabilities, depositor funds, etc) which are particularly valuable poker chips.  These have already been lost so the only thing we have to look forward to now are how to break it to the losers (who didn't even know that they were playing) that there is nothing left.

I'm happy with my conception of how money works.  It has, to me, remarkable explanatory powers when it comes to providing solutions to the puzzling things that pop up.  As for being some sort of a 'puppet of the financial elite', I think I hardly qualify.  I've bent over backward to avoid sitting on USD for the last almost decade, and I don't play around with 'mainstream' financial instruments since I has zero confidence that the likes of Harvey Pitt, Mary Shiavo, or Tim Geithner to 'have my back'.  I laughed my ass off all the way through 2008, and have every confidence that I will do so again in 2012.

That makes no sense whatsoever. I know you think it does, but in all honesty it doesn't. That's why it's so hard to talk to the "Occupy" wackos. They have very strong, but wrong ideas, and any attempt for a constructive dialogue stops in a brick wall: you either "get it", or you are one of the sheeple, a puppet of the financial elite.

Can you just get a cheap shell account (with BTC) and do a socks proxy via SSH?  That is what I did when I was in Beijing.  I sort of assumed that the authorities were aware of my tunnel but probably wouldn't harass me since I was a foreigner.  I always wondered if it were relatively safe for a native to do that, or would it result in re-education camp or some such?

Too bad i can't visit the youtube.com, due to the Great FireWall.

The History of Banks. You can read it online at Google Books or archive.org.

Whats the title?

I just checked out a library book on the history of banks, published in 1837. It should be a very nice read.

speculative bubbles, pyramids, people profiting for doing nothing...

+1. I second the recommendation. I didn't really understand how money works until I read "What Has Government Done to Our Money?" and "The Mystery of Banking", both by Murray Rothbard. Even though I don't agree with all of Rothbard's views, he succeeds at explaining how the whole monetary system works, and what its weaknesses are. I haven't read any other books that explain these matters so convincingly.  Both books are available online thanks to the Ludwig von Mises Institute:

What Has Government Done to Our Money?
http://mises.org/books/whathasgovernmentdone.pdf

The Mystery of Banking
http://mises.org/Books/mysteryofbanking.pdf

Ummm...the Central what?

In a debt-based monetary system, money is created when someone takes on debt.


Lehman ran out the ability to take on debt.  So did almost everyone except the tax payers who have no choice in the matter.  Shit-canning the FASB accounting rules and ballooning the federal deficits are band-aids for the issue.  If we can control the energy resources going to China and force them to take on our debt, we could possible string things out for some time.  We are probably going to need to take Iran pretty soon though.

That's my take on things at least.

Also watch this. Don't get turned away because these videos are focused on gold and silver. It is all about fiat.

Debt Collapse - $20,000 Gold: http://www.youtube.com/watch?v=tj2s6vzErqY

Why gold and silver: http://www.youtube.com/watch?v=E5VNAEmmBQM

And also:
Part 1: http://www.youtube.com/watch?v=uzef43gdupk
Part 2: http://www.youtube.com/watch?v=0Wrrzsrb-wg

AWESOME VIDEO!!!

Who likes this video MUST watch more two:

Zeitgeist: Addendum

Zeitgeist: Moving Forward

http://zeitgeistmovie.com/

BEST!
Thiago

Excellent!!!

Wacko videos. The producer has even admited that Money Master is full of historic inaccuracies.

It's very good to be learning about money - however I'd advise you to maintain a high level of skepticism on any theory that's put to you. Just because the "commonly held wisdom" about money and banking is totally flawed, doesn't mean that any given alternative theory is valid.

I can recommend no better book on money than Rothbard's "What has government done to our money?"  It can be read in a couple hours.

Phorensic,


check out "the secret of oz"
http://vimeo.com/14924997

or the grand daddy of money vids "money masters"
http://video.google.com/videoplay?docid=-515319560256183936#

if you haven't already.  Fascinating stuff.

Well, I think the point is that fractional reserve banking increases the money supply, making funds available for lending beyond those that were deposited.

Nice article here: http://en.wikipedia.org/wiki/Fractional-reserve_banking


I could, however, take out a loan from a bank and deposit it with another bank.