Fiat Money
Conveniently explaining why our money system is unfair in under 4 minutes
People who liked this video also liked
Comments
22 comments posted so far. Login to add a comment.
32
2. WildMonkey commented 11 years ago
So at which point of time and place have humans not been exploited?
33
4. mosfet23 commented 11 years ago
It's no coincidence that the FED, banks and corporations continue to sell us the lie that consumerism will magically save the economy and bring about prosperity, when what it really does is make the average wage earner ever more dependent upon his shitty job to make ends meet.
Prosperity (for us, not them) only has ever occured once interest rates were high enough to provide a reasonable return on savings; because those savings allow the average joe to leave his crap job for one that pays a fair wage.
At 0.70% interest rates, you'll never save enough to retire and live off the interest. Get used to the taste of cat food cause it's all you'll be able to afford in your 'golden' years.
Prosperity (for us, not them) only has ever occured once interest rates were high enough to provide a reasonable return on savings; because those savings allow the average joe to leave his crap job for one that pays a fair wage.
At 0.70% interest rates, you'll never save enough to retire and live off the interest. Get used to the taste of cat food cause it's all you'll be able to afford in your 'golden' years.
27
5. jeffreybenoit16 commented 11 years ago
And that's why a lot of America's debt lies within its own citizens.
52
7. Natan_el_Tigre commented 11 years ago
Taken from one of my comments on a related video (www.snotr.com/video/5632):
"I know this is difficult for most people to understand (the realness of normal distribution is sobering), and for most everyone else to accept (dismissing self-centered beliefs about reality requires phenomenal integrity), but we the people have created the national debt problem, penny by consumptive penny. And government is just a ten-letter word used to convey the concept of something else we the people have created, vote by unenlightened vote: yet another powerful other to, in most cases, blame for our individual shortcomings.
However, let there be no doubt. We built it and they have come; corruption is a natural symptom of the human condition. But they are part of us, and thus we have only ourselves to blame. I implore you to stop the madness, before it is too late. Too late not for humanity (I would have to be mad to speak like a prophet), but too late for yourselves as contributing members of society and conceivers of the future.
Prosperity and success above basic security and happiness, for the majority of us, are in reality the seeds of compensation and delusion, not the American Dream."
"I know this is difficult for most people to understand (the realness of normal distribution is sobering), and for most everyone else to accept (dismissing self-centered beliefs about reality requires phenomenal integrity), but we the people have created the national debt problem, penny by consumptive penny. And government is just a ten-letter word used to convey the concept of something else we the people have created, vote by unenlightened vote: yet another powerful other to, in most cases, blame for our individual shortcomings.
However, let there be no doubt. We built it and they have come; corruption is a natural symptom of the human condition. But they are part of us, and thus we have only ourselves to blame. I implore you to stop the madness, before it is too late. Too late not for humanity (I would have to be mad to speak like a prophet), but too late for yourselves as contributing members of society and conceivers of the future.
Prosperity and success above basic security and happiness, for the majority of us, are in reality the seeds of compensation and delusion, not the American Dream."
37
Comment rated too low. Show this comment
11. Thanny commented 11 years ago
Virtually nothing in this video is true, beyond the fact that it was Nixon who killed the last vestiges of a gold standard. No doubt it was created by a gold bug.
49
12. LightAng3l commented 11 years ago
So...is there someone here who did not know this already?
41
Comment rated too low. Show this comment
13. ughlah commented 11 years ago
Banks cannot create money out of thin air.
25
14. kurkudjikul commented 11 years ago
#13 Yes they can. Credit is real money only when you repay it back. Until then its value comes from your debt obligation.
26
15. sidewinder commented 11 years ago
The solution is abdication of all bank loans.
5
17. Dolfy commented 11 years ago
This is a video proof that they have no idea how the banking multiplicator effect comes out of the fractional reserve system. See this for an explanation:
http://g0f1gure.blogspot.hu/2012/11/back-to-gold-standard.html
Banks do not create money out of nothing! Only central banks can do.
http://g0f1gure.blogspot.hu/2012/11/back-to-gold-standard.html
Banks do not create money out of nothing! Only central banks can do.
4
20. DonaldMorton commented 4 years ago
A very interesting video that explains in detail the financial processes and shows that banks always pay their money back.
I had a situation in my life when I needed to pay off bank interest, but at that moment I had no money. But the https://triceloans.com/1000-dollar-loans/ service came to my rescue and gave me 1000 dollar loans. They have very favorable conditions and fast service. I was very pleased. I recommend this service from personal experience.
I had a situation in my life when I needed to pay off bank interest, but at that moment I had no money. But the https://triceloans.com/1000-dollar-loans/ service came to my rescue and gave me 1000 dollar loans. They have very favorable conditions and fast service. I was very pleased. I recommend this service from personal experience.
3
21. DavidShimp commented 4 years ago
Very cool video! I liked!
4
22. easyqualifymoney commented 2 years ago
A really interesting movie that discusses the financial processes in depth and demonstrates that banks always pay their money back.
I had a scenario in my life when I needed to pay the bank interest, but I didn't have any money at the time. However, the https://easyqualifymoney.com/disability-payday-loans.php firm came to my aid and provided me with 1000 dollar loans. They have excellent working environment and provide prompt service. I was overjoyed. From personal experience, I endorse this service.
Like everything, it modifies and gets better over time. In today's world, it's not hard to get a loan, almost instantly, for your needs. I think many people will be surprised, but now you can actually get money at https://easyqualifymoney.com/cash-loans-wired-in-1-hour.php in minutes. There is no need to stand in long lines, consult with bank employees, draw up and fill out documents. It is enough to go to the site, leave an application and get your money. Everything is as simple and, most importantly, reliable as possible. I am a user of this website and many of my friends including. During the entire period there were no problems. That is why I recommend you to try it. Good luck!
I had a scenario in my life when I needed to pay the bank interest, but I didn't have any money at the time. However, the https://easyqualifymoney.com/disability-payday-loans.php firm came to my aid and provided me with 1000 dollar loans. They have excellent working environment and provide prompt service. I was overjoyed. From personal experience, I endorse this service.
Like everything, it modifies and gets better over time. In today's world, it's not hard to get a loan, almost instantly, for your needs. I think many people will be surprised, but now you can actually get money at https://easyqualifymoney.com/cash-loans-wired-in-1-hour.php in minutes. There is no need to stand in long lines, consult with bank employees, draw up and fill out documents. It is enough to go to the site, leave an application and get your money. Everything is as simple and, most importantly, reliable as possible. I am a user of this website and many of my friends including. During the entire period there were no problems. That is why I recommend you to try it. Good luck!
+48 1. kaneg commented 11 years ago