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Economic Collapse Explained in 96 Seconds

 
gebahie

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11/17/2012 06:04 PM

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Economic Collapse Explained in 96 Seconds
Anonymous Coward
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11/17/2012 07:36 PM
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Re: Economic Collapse Explained in 96 Seconds
Thank you for posting this.
gebahie (OP)

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11/17/2012 07:40 PM

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Re: Economic Collapse Explained in 96 Seconds
1 star bandit.. HI LOL
tounge

I know truth hurts..
Biochemky

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11/17/2012 07:44 PM

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Re: Economic Collapse Explained in 96 Seconds
bump
gebahie (OP)

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11/17/2012 07:52 PM

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Re: Economic Collapse Explained in 96 Seconds


Anonymous Coward
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11/17/2012 07:52 PM
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Re: Economic Collapse Explained in 96 Seconds
False, it is because nothing is "paid" with currency that has no intrinsic value.

The fact is ALL money today is borrowed credit from Central Banks, banks hold no collateral for their credit, and they are do not accept their own 'money' as principle payments, only goods and services.

Central Banks issuing paper promises to pay being accepted as money is the problem, not the amount borrowed between countries.

The video does NOT address the main issue, Central Banks and fractional reserve lending.
Anonymous Coward
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11/17/2012 07:52 PM
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Re: Economic Collapse Explained in 96 Seconds
I gave it four. Usury hurts everybody except the bankers.
Anonymous Coward
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11/17/2012 07:57 PM
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Re: Economic Collapse Explained in 96 Seconds
I gave it four. Usury hurts everybody except the bankers.
 Quoting: Anonymous Coward 27966343


Usury is a small issue when compared to fractional reserve lending. IF the banks actually had something of intrinsic value to lend, then usury would apply.

Simply put, printed money or electronic money has no value accept when everyone is ignorant enough to believe it does.

The reality is people know that the paper issued by central banks is actually DEBT, people may not accept that reality, but it is still reality and it will catch up to us.
Burt Gummer

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11/17/2012 08:01 PM

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Re: Economic Collapse Explained in 96 Seconds
Economic Collapse Explained in 96 Seconds....



 Quoting: gebahie



...or...

...you could go with "Ann Barnhardt's 3 hour epic "The Economy Is Going To Implode" ( 8 parts) stoned




...with Riot Dog approved content riotdog1 ohyeah


.
Anonymous Coward
User ID: 20901334
United States
11/17/2012 08:10 PM
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Re: Economic Collapse Explained in 96 Seconds
Economic Collapse Explained in 96 Seconds....



 Quoting: gebahie



...or...

...you could go with "Ann Barnhardt's 3 hour epic "The Economy Is Going To Implode" ( 8 parts) stoned




...with Riot Dog approved content :riotdog1: ohyeah


.

 Quoting: Burt Gummer


Too bad Ann cannot read the Constitution and the writings of the founders of this nation.

The Standard for money is not, was not and never has been "anything" it has been gold and silver coin, issued and minted by Congress.

While her ideas may have merit on a general view, they do NOT take into account that Congress and ONLY congress have the lawful authority to "coin money and set the value thereof" in this nation.

Paper is NOT MONEY, no matter how many ways she or Central Bankers try to explain it away, it is a violation of the law of the land.
McFly
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Canada
11/17/2012 08:25 PM
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Re: Economic Collapse Explained in 96 Seconds
Paper is worth nothing, and it's mainly to control liquidity.
Electronic money is the same. Thin air.

No matter how you look at the problem, the only solutions is assets, that follow the law of supply and demand.

The problem is they use margin, dept, based on forecast.
With derivative, leverage and greed, add the chaotic nature of reality, sooner or later it will be a mess.
Anonymous Coward
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United States
11/17/2012 08:36 PM
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Re: Economic Collapse Explained in 96 Seconds
False, it is because nothing is "paid" with currency that has no intrinsic value.

The fact is ALL money today is borrowed credit from Central Banks, banks hold no collateral for their credit, and they are do not accept their own 'money' as principle payments, only goods and services.

Central Banks issuing paper promises to pay being accepted as money is the problem, not the amount borrowed between countries.

The video does NOT address the main issue, Central Banks and fractional reserve lending.
 Quoting: Anonymous Coward 20901334


this is the heart of the problem. some will argue that you can't take the rich like the bankers they are the job creators or is it fair that the wealthy pay a lot more.

The answer is an absolute YES!! I am a strong conservative/ libertarian but when you introduce fractional reserve banking and interest free loans to banks you have eroded the true way the economy works and using capitalistic arguments do not apply.

Interest and fractional banking create wealth out of nothing, banks create wealth and then dont get taxed for betting against you...with quadrillions of dollars in derivatives??????

So now banks get bailed out, issued interest free loans with made up money to make huge bets tax free against you on made up risks and value. they need to do this to balance the fukt up equation. problem is algorithmic functions.

Interest and Fraction reserve banking is a farce made up by banks and those the just keep accumulating wealth because they are on the right side of the equation..

Be smart dont vont for austerity, vote to fuck the bankers and there never ending river of made up money.

TAX DERIVATIVE BETS and then the risk on these numbers will start to fall inline, but that still wont fix the problem with fractional banking and currption, but it will help rein in bankers.
Anonymous Coward
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11/17/2012 09:16 PM
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Re: Economic Collapse Explained in 96 Seconds

 Quoting: DGN


Thread: US debt crisis perfectly explained..... a house of cards to heavy to stand.
Jebus

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11/17/2012 09:40 PM

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Re: Economic Collapse Explained in 96 Seconds
This system worked fairly well while there was constant growth. Debt-based money with interest absolutely requires growth.

Growth is over. The world economy is basically just a machine which processes natural resources for human consumption, and we have reached peak production in most of the really important resources, especially oil. Therefore, growth is over. We are seeing this manifest now in the form of debt crises.
Peak Oil, Peak Civilization, Peak EVERYTHING
People who don't believe in peak oil fall into 3 categories:
Uninformed.
In denial.
Too stupid to understand it.
Which one are you?
Anonymous Coward
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11/17/2012 09:48 PM
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Re: Economic Collapse Explained in 96 Seconds
False, it is because nothing is "paid" with currency that has no intrinsic value.

The fact is ALL money today is borrowed credit from Central Banks, banks hold no collateral for their credit, and they are do not accept their own 'money' as principle payments, only goods and services.

Central Banks issuing paper promises to pay being accepted as money is the problem, not the amount borrowed between countries.

The video does NOT address the main issue, Central Banks and fractional reserve lending.
 Quoting: Anonymous Coward 20901334


Agreed with half of what you said...central banks are making uncollateralized loans, but your statement that they take only 'goods and services' is absurd (where did you come up with that nonsense?). The loans are repaid in the currency issued.
Anonymous Coward
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11/17/2012 09:49 PM
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Re: Economic Collapse Explained in 96 Seconds
so you should triple your spending, tripling your debt, and tripling the interest you pay to other countries making collapse happen even faster?


Your logic makes no logical sense!

Nor do you!
T Ceti H.C. Radnarg

User ID: 27089841
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11/17/2012 10:40 PM
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Re: Economic Collapse Explained in 96 Seconds
i can do it in less> vril aka Base Vril.
How unfortunate for some rulers when men,women,and children continue to think... Keep repeating the lies loud enough and long enough and just maybe the people will start to believe the lies again and good luck with that...finding your energy open until mars becomes raging aries...
JTFC

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United States
11/17/2012 10:44 PM

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Re: Economic Collapse Explained in 96 Seconds
Sorry, but you can't learn shit about economic collapse in 96 seconds. You need a real documentary that shows not only the history of money and how it works, but the truth behind the FED. Here's what everyone really needs to see...


The Grand Wazoo
Anonymous Coward
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11/17/2012 10:44 PM
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Re: Economic Collapse Explained in 96 Seconds
False, it is because nothing is "paid" with currency that has no intrinsic value.

The fact is ALL money today is borrowed credit from Central Banks, banks hold no collateral for their credit, and they are do not accept their own 'money' as principle payments, only goods and services.

Central Banks issuing paper promises to pay being accepted as money is the problem, not the amount borrowed between countries.

The video does NOT address the main issue, Central Banks and fractional reserve lending.
 Quoting: Anonymous Coward 20901334



Agreed with half of what you said...central banks are making uncollateralized loans, but your statement that they take only 'goods and services' is absurd (where did you come up with that nonsense?). The loans are repaid in the currency issued.
 Quoting: Anonymous Coward 1347486


Read the agreement between the Federal Reserve and Congress. All issued credit is to be paid with goods and services "at face value, plus interest". The INTEREST may be discharged with like currency payments (Taxes) but the principle is paid only in "goods and services".

The individual banks are taking "collateral" that is already pledged to the Federal Reserve via its agreement with Congress, double dipping goods and services coupled with fractional reserve lending create a mathematical impossibility for repayment.

The entire system is corrupt and self destructive, it does not even make sense with basic math much less the algorithms it runs on via computers as pointed out in another post.

It is unsustainable.
Anonymous Coward
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11/17/2012 10:54 PM
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Re: Economic Collapse Explained in 96 Seconds
a fiat, debt-based, and monopolistic monetary system simply cannot work

the worst part of our financial system is that it is a built upon a monopoly of money

complete and absolute freedom of money is the only means of true economic freedom and the only means of a sound economy

it is that simple
Anonymous Coward
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United States
11/17/2012 11:11 PM
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Re: Economic Collapse Explained in 96 Seconds
Sorry, but you can't learn shit about economic collapse in 96 seconds. You need a real documentary that shows not only the history of money and how it works, but the truth behind the FED. Here's what everyone really needs to see...


 Quoting: JTFC


watched this one day... Greatest doc ever IMO.

Learn what the they don't want you to. loved to shake the hand of the man who made this
Anonymous Coward
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Canada
11/17/2012 11:49 PM
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Re: Economic Collapse Explained in 96 Seconds
Cut the head off the federal reserve.
tandym

User ID: 14038453
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11/18/2012 12:13 AM

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Re: Economic Collapse Explained in 96 Seconds
The real question remains.... WHEN is it going to happen?

It feels like soon. Like really, really soon.

But its been feeling like that for 2 or 3 years now.
Anonymous Coward
User ID: 11665191
United States
11/18/2012 01:15 AM
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Re: Economic Collapse Explained in 96 Seconds
Easy solution. it's all numbers in a computer, just type in payment of the full amount as if you printed all the trillions of dollars you needed to repay it. then no more interest can accrue.

the problem is the money is created by the bankers who are owed the interest so we need to put a stop to that and let the government take control of its own money supply and printing of money etc.
Anonymous Coward
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Australia
11/20/2012 06:29 PM
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Re: Economic Collapse Explained in 96 Seconds
We all know its a matter of time before we go kerplunk.

Probalby gunna be horrible next year, and My wife wants me to take all our money out of the market.


I did like this interview with paul craig.
Thread: News Not Revealing Real Reasons For Economic Collapse - Interview with Paul Craig Roberts

Top ten ways on how you can prepare for the crisis here.


and this news here, about HOW THE BANKERS LOST!
[link to news.goldseek.com]


This is gunna end up in alot of heartache for people listenign to obama, and his moronic colleges, they know what is happening.


pigchefpigchef

News








We're dropping truth bombs like it's the end of days!