Topic: Today it is Greece. Tomorrow it can be you. (Read 4077 times)

Acutally its not the banking system, its the stock market, we could be perfectly fine without a banking system.

Banks are a bronze age institution when people had physical wealth that needed to be protected, with bitcoin we dont even need the banking system at all.

Inflation is not capitalism, its a central bank invention, the biggest scam of all financial history -> Central banks are a communist insitution (central planning)

You obviously talking about keynesian economics which is a communist doctrine, try reading into austrian school of economics, you would be englightened very fast:
https://en.wikipedia.org/wiki/Austrian_School

Fear of not earning enough money? That is exactly because of socialism.

Its very simple let me explain in 1 minute:



1)Government regulates economy / overtaxes it (central planning communist doctrine) to pay for welfare and
subsidy
                                                            |                                                                                                                    
                                                            v
2)There are not many companies only the crony friends of politicians get permits and tax cuts (who then donate to campaigns and corrupt politicians)
                                                            |                                                                                                                    
                                                            v
3)Less jobs are being created because small family businesses get persecuted and shut down by government to eradicate the competition for their megacorporation friends
                                                            |                                                                                                                    
                                                            v
4)Workers are valued less and treated like slaves (since alot of supply of workers, but less demand , supply & demand relationship since less)
                                                            |                                                                                                                    
                                                            v
5)Your salary sucks and you get paid minimal wage because too much unemployment (and even the employed get paid less because the value of the worker is less when there is alot of unemployed people and few employers)
                                                            |                                                                                                                    
                                                            v
6)You start crying to me on this forum about too little government regulation & welfare, and why the government doesn't protect workers from "evil" capitalists (when it was them that fucked it all up)
                                                            |                                                                                                                    
                                                            v
7)Here we go again..it repeats.. and everytime it gets worse


So fuck communism/socialism/corporative fascism, we need libertarianism to remove the state from the economy, and then we might have a chance to become financially independent

I think China, the communist nation, is one of the biggest driving force behind bitcoin price manipulation.

I agree with you.
People are not the same and will never be the same.
There will always be those who are more capable and those who are less capable.
Communism failed because it gave everyone equally, regardless of the effort and results of the work, so people lost motivation to work hard and produce something new.
Money will always be required but also is important that welfare state protects the weakest and most vulnerable in society.

Not much siting around watching soap since i dont have a television. I got a bunch of computers so i dont need television....


As a capitalist you should be aware that the banking system is the main driving force of capitalism. If i have an idea for a busyness i need money to start it. There the banks come in and help me out so i can get it going.

Inflasion rate is also a capitalism tool. To low and the investment rate slows down. To high and investments get to risky. Every country in the world strives to get inflasion to the right level.

I do think there are others who should read up on capitalism. You could ask those who are manipulating bitcoin price. They seem to know their stuff.

That sounds exactly like the current system and not like communism.
In communism people are just the same, when it comes to how much they get paid. Being free from the fear of not earning enough money to survive, people could be just more creative about the work they employ, that would even lead to more diversity (in theory).
I also don't think, communism(the real one) would work well, but it's still terrible what people think, communism is about.

Well then look again, being old doesnt mean you get to sit on tv and watch soap operas all day.

Sure you can have a vacation and enjoy your golden years, but that is only reserved for those who worked hard and earned much money.

I am a true 100% capitalist and i dont like banks, i think you dont know what real capitalism means, better read up on it more.


Even in theory its horrible. How can you seriously imagine a world where everyone is the same , equal.

It would be the most boring world ever and everyone would commit suicide, and the whole race would dissapear.

Diversity is what gives excitement in life.

Communism is beautiful in theory. But unfortunatly do not work in pracsis due to the nature of humans. Humans are selfish, you need to be unselfish for communism to work, even though you work harder and better than the person next to you, you have to accept that you get the same, even accept that he get more. I would love a world where there was no money, no one was rich no one was poor, people just strive to educate them self and contribute. But it will not happen because of the nature of the human genome.

And you are to stupid to see the irony? All the communist movements sounded like those on this forum who think everything will be so nice in the future of bitcoin where noone pays tax and everything is run by donations. History shows something completely different.

I am old enough to remember communist movements and have heard all the arguments about banks and capitalism before.

OMG are you that naive or you are troll?

All communists countries were ruled by an elite 10-20 people on the top of the party. They were all tyranical dictatorships where dissidents were murdered and sent to forced labour camps.

If that is your "paradise" then go get it, i dont want to be part of it.

I would love to see this communist paradise where the people has controll of the economy and is contributing to a common good. Greek has a lot of old style communists so the basis are there...

As we know from history all the other communist experiments has been a paradise for the people. All the communist states are run by the people and nowhere has an elite group taken the power for themself...

the point of bitcoin, is that you don't need an autorithy that will manage it, i mean it's not citizens fault if greece is what it is right now, and if they choose bitcoin, they will basically get rid of their guilty entity which is their government.

when you have a central autorithy if they screw something everyone will suffer with bitcoin, each person is responsible for itself

Interesting, as someone actually told me like a week or two earlier that Eurozone is going to take some islands and whatnot. This could have been expected to some degree.
This is actually what their plan is all along. How could the Greeks agree to something like this?

The US government has even more debt (as do many countries).  Does this mean that the US population is more corrupt than Greece?

I have massive doubts that a population that gets itself in such a situation (either by being corrupt themselves, or voting for a government that is), can manage Bitcoins. Bitcoins require a minimum intelligence for usage and protection against theft.

 

The EU just told Greece Give us €50 Billion of real assets, Islands, monuments, etc. And we will give Euros...

http://www.theguardian.com/business/2015/jul/13/athens-and-eurozone-agree-bailout-deal-for-greece

What happens if the Greek State dissolves...  There is no one from which to collect any of this debt.
Similar to the USSR breakup, only in this case, what remains would be Greek City-States, like it used to be so long ago.

In this result, the ECB loses their "investment", and perhaps at least one of the City-States will have no central banker?

The governments that Greece has had in the past, both left and right, have been corrupt and have been hiding each others bad-for-press figures, they are the ones that ruined the country, and now Europe wants the current government and the people which have done nothing wrong to pay for it. Yes, you vote to politicians, but you never know they are corrupt or not, you just hope for the best.

If any currency is borrowed, defaulted and the defaulter keeps on getting bail out, it only gives rise to infaltion of that currency...

People who have borrowed tend to benefit.
The government implicitly rips off people who save and rewards those in debt, through low interest rates.
It is not sufficient that they levy taxes on common people.