Stupid World

**Brian d marge** · 23rd October 2014, 02:04

made a mistake on how the banks work ,

follow this video through , Doesnt change HOW the currency is made

but DOES change the limits on how MUCH Currency is made

Stephen

**yokel** · 23rd October 2014, 05:47

Anti petrodollar oil company CEO dies in another "air accident"

**mashman** · 23rd October 2014, 09:36

Originally Posted by Brian d marge

made a mistake on how the banks work ,

follow this video through , Doesnt change HOW the currency is made

but DOES change the limits on how MUCH Currency is made

Stephen

Great little series of vids... although you shouldn't post it here in case the scared old white men watch it and have a meltdown as their brain actually starts to work and questions the definitions that they hold so dear. Then again, there could be lulz.

**ellipsis** · 23rd October 2014, 10:44

...interesting little article...

http://collectivelyconscious.net/art...ws-but-is-not/

**bogan** · 23rd October 2014, 10:51

Originally Posted by Brian d marge

made a mistake on how the banks work ,

follow this video through , Doesnt change HOW the currency is made

but DOES change the limits on how MUCH Currency is made

Stephen

Kinda good in parts, but they glossed over the debt aspects way too much. Money supply can only be created with a corresponding amount of debt, as they said at the end, more money supply = more debt. So in the example of govt backing the credit so it was risk free, what happens to all those who owed the bank money when to govt steps in to guarantee that credit? do they then owe the govt? and if so then it isn't going to take anything from the general populace unless valuation has changed. But perhaps more importantly, risk free credit still has the associated debt somewhere, whereas central bank money does not.

**mashman** · 23rd October 2014, 10:58

Originally Posted by ellipsis

...interesting little article...

http://collectivelyconscious.net/art...ws-but-is-not/

I wonder what that constitution will look like? and it is damned funny that they haven't been in the media. However, here's an idea

. If the people have gone this far in coming together, then why not go that little bit further and become the worlds first R.B.E. and prove that an economy will run without a financial system? In order to get the "word" out, free Sigurður Einarsson with that message. NOW them's would be real fireworks.

**mashman** · 23rd October 2014, 11:08

Originally Posted by bogan

Kinda good in parts, but they glossed over the debt aspects way too much. Money supply can only be created with a corresponding amount of debt, as they said at the end, more money supply = more debt. So in the example of govt backing the credit so it was risk free, what happens to all those who owed the bank money when to govt steps in to guarantee that credit? do they then owe the govt? and if so then it isn't going to take anything from the general populace unless valuation has changed. But perhaps more importantly, risk free credit still has the associated debt somewhere, whereas central bank money does not.

I know I shouldn't. What happens is, recession, GFC, new laws/rules/regulations/standards/money, misery/suffering/poverty/job losses/waste of resources/more debt/more profit/public carrying the can ... you can also tag on war and death on to that too.

**Brian d marge** · 23rd October 2014, 14:44

Yeeeehaaaaaa
U.S. stocks dropped, halting a four-day rally, while the dollar advanced as the cost of living in America unexpectedly rose. Oil sank to a two-year low after an inventory report and gold fell the most in two weeks.

The Standard & Poor’s 500 Index lost 0.7 percent at 4 p.m. in New York after its biggest rally in a year yesterday. Boeing Co. (BA) plunged 4.5 percent to drag the Dow Jones Industrial Averagelower. The Stoxx Europe 600 Index rose 0.7 percent to cap its best two-day rally in 15 months. The Bloomberg Dollar Spot Index rose 0.3 percent. Gold slid 0.5 percent to settle at $1,245.50 an ounce, while crude lost 2.4 percent

The cost of living . . . . Unexpectedly . . . . Rose

Evil fkrs