Crisis: Money As Debt
category: general [glöplog]
Now you made it, I am gonna install and play Fallout 3 :)
like the .com we want the .debt !
Deus. English humour at it's finest. I was ROFL more or less from start to finnish.
"well certainly, no price is to high for such ...mature wisdom, is it?"
"well certainly, no price is to high for such ...mature wisdom, is it?"
Here's a search for the four part 'Silly Money' series. Rory Bremner is a genuis.
http://video.google.com/videosearch?q=silly+money
http://video.google.com/videosearch?q=silly+money
lovely! xD
Krabob : parce que tu lis trop de media ... achete ton un manuel d'economie (celui de raymon barre est une reference)ou alors le manuel de Ferrandier (j'ai oublié le prénom). C'est écrit ... On nous cache rien. C'est juste plus facile de ne pas voir.
nytrik:
the point is:
- So "everyone should know", and it is a fact, that most of the money is created by debt and not by work.
- I guess also that "everyone is well aware" that this system is bound to a final crash at some point, once for all and forever because of resource depletion, or simply impossibilty "to feed the curves".
- So question: If the weakness of that system is also well know by economists, why does the power and economists choose to continue supporting it the same way ? Come on, not only people, all french politicians act exactly as if *THEY ACTUALLY IGNORE IT*.
the point is:
- So "everyone should know", and it is a fact, that most of the money is created by debt and not by work.
- I guess also that "everyone is well aware" that this system is bound to a final crash at some point, once for all and forever because of resource depletion, or simply impossibilty "to feed the curves".
- So question: If the weakness of that system is also well know by economists, why does the power and economists choose to continue supporting it the same way ? Come on, not only people, all french politicians act exactly as if *THEY ACTUALLY IGNORE IT*.
mg: these guys are bloody hysterical xD ... and spot on !
Krabob :
you know the answer to your second question : because so far every thing is fine and individual priviledges are preserved and there is no such a thing as collective conscience.
Economics explain the past but explain the future with an important random factor.
To scare you a bit more :
the analysis in the film is taken on a national basis. Imagine banks can create money outside the national territory ( dollars for instance : called euro dollars).
Imagine that debt money is used to buy financial products which are debt themselves ( as long as it is a car there is at least a physical asset ).
Imagine all that and you have our reality.
I agree with you : this will end one day ( it has always been the case ). The game is to find out when.
you know the answer to your second question : because so far every thing is fine and individual priviledges are preserved and there is no such a thing as collective conscience.
Economics explain the past but explain the future with an important random factor.
To scare you a bit more :
the analysis in the film is taken on a national basis. Imagine banks can create money outside the national territory ( dollars for instance : called euro dollars).
Imagine that debt money is used to buy financial products which are debt themselves ( as long as it is a car there is at least a physical asset ).
Imagine all that and you have our reality.
I agree with you : this will end one day ( it has always been the case ). The game is to find out when.
nytrik: thanks for your well documented answer. It's nice to have an expert who can deny or confirm these kinds of important details on such subject.
krabob : I m not an expert : I just did some economics few years ago ...( well some know how to code ).
money is based on trust only ..in your analysis you confuse between added value and money. money is a mean as long as you trust it.
money is based on trust only ..in your analysis you confuse between added value and money. money is a mean as long as you trust it.
I predict world population will decrease massively over the next 10 or so years. Certainely before 2030. Easter Island on a wordwide scale. A lot of biologists view the present era as one of the big 5 mass exctinction events.