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is this along the same lines, in terms of integrity, as your position on global warming? |
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interesting video Peter Pumpkineater |
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that was actually quite good. up until the mention of the word "conspiracy" at the end |
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That only works at the bank, dad! |
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so what they are saying is that growth and development is a consequence of this. take that liberal economists! it's not the free market it's DEBT! |
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so if i can get a bank to loan me $147582693 i can afford a lawyer who can figure out how to legally prove in court that money isn't even real in the first place then i won't have to pay it back or go to jail for lack there of? |
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the bankers have lobbied to make fiat currency legal.. so you lose any way you try. and apparently there is for citizens of the United States of America to pay income tax. |
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i don't |
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A good video, but this still doesn't actually define what money is. It deals more with the way monetry value (if that's the correct term) is moved about without the actual money to back it up. Incidentally, for all the "get out of debt to prevent peak oil being such a problem/to be free" etc. propoganda. A smallish amount of debt is actually very good for the economy and consequently the vast majority's quality of life. Without debt, people are a lot less willing to put themselves out in any way. People aren't as willing to work overtime (even if it's paid) and indeed are a lot more likely to turn away work if they are self employed. If we became debt-free overnight society as a whole would be a great deal less productive. I think also that there is a case for an ideal money (probably in digital form) ought not to be based on valuable metals. Such a system would need to be administered by an uncorruptable, responsible body (and that's its real failing). That way, comparatively little human endevour or resources (which really, when it comes down to it, are both what a lot of the value of money actually is) is wasted in digging up gold/silver, processing it, shipping it to banks, pressing up notes, etc. IE wasted on the process of creating money. As I say, that's an ideal and until you find some uncorruptable body to administer it, it wouldn't work. There's a good sci-fi story where the population of a planet operate a favour-based barter system where they trade obligations. I'd say this is reasonably accurate model of what money ought to be. You do x, I'll give you y. Of course, it has its downsides, even moreso than with sales of goods based on a fixed price, people would insist on a barter worth more than the goods were if the person recieving them was desperate. This happens to some degree already, but is also moderated by the prices being directly comparable (IE, "but it cost £10 yesterday!") whereas bartered goods are harder to quantify precisely. |
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interesting film (but there not much hope anything will change, is there?) |
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it won't be an easy process, no. |
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Whilst I think it's unlikely that it'll happen, I think if the government nationalised the banks, that'd be a start. Just the saving on interest on tax alone would bring a noticeable improvement in quality of life for most people. |
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