This is the best explanation about where money comes from that I have ever seen!!!

[ShamsWoof10]

Guys this is a great explanation of how things work today and how it came about to be this way... I would say MOST of the public does NOT understand or are mislead to believe where money comes from and what it actually is...

Hey RWizzooo. if you have the time to watch this in full (47 min.) I would like your input on it...

http://video.google.co.uk/videoplay?docid=-9050474362583451279&q=money+is+debt&total=1856&start=0&num=10&so=0&type=search&plindex=0

[pico]

pretty good video

most people have no concept of velocity of money...let alone m1, m2. milton friedman once said the best thing for the central bank to do is to do nothing because we do not have a way to true know the lag effect of fiscal/monetary policy.

[RageWizard]

Guys this is a great explanation of how things work today and how it came about to be this way... I would say MOST of the public does NOT understand or are mislead to believe where money comes from and what it actually is...

Hey RWizzooo. if you have the time to watch this in full (47 min.) I would like your input on it...

http://video.google.co.uk/videoplay?docid=-9050474362583451279&q=money+is+debt&total=1856&start=0&num=10&so=0&type=search&plindex=0

I was going to click on the link until you say it was like 47 minutes in length. I at work here with my home laptop and I'm using the company phone for dial in. So if I tried to download this it will be about next tuesday when it is ready for viewing, especially since I will be similtaneously downloading porn from youporn. I will check it out tonight. This video should have something in it about how the money is printed and bought by a offshore shell of a company, then borrowed by the U.S., ot something like that.

[pico]

shamus, i think you can make the argument why the jews are so rich. they get 100x leverage on their assets

africa is so poor because they can only get 1x leverage on their blood diamonds...everyone in IMF knows it, but the jew media will always say africa is poor because of internal conflict and harsh natural condition.

[ShamsWoof10]

I was going to click on the link until you say it was like 47 minutes in length. I at work here with my home laptop and I'm using the company phone for dial in. So if I tried to download this it will be about next tuesday when it is ready for viewing, especially since I will be similtaneously downloading porn from youporn. I will check it out tonight. This video should have something in it about how the money is printed and bought by a offshore shell of a company, then borrowed by the U.S., ot something like that.

It's not quite along those lines... It's a bit more simplified then that and explains how most of the money actually comes from the banks NOT the Fed... I think you will find it very interesting and you might have to watch it a few times to absorb it but I think you'll like it... I am down with the "Goldsmith's Tale"...

shamus, i think you can make the argument why the jews are so rich. they get 100x leverage on their assets

africa is so poor because they can only get 1x leverage on their blood diamonds...everyone in IMF knows it, but the jew media will always say africa is poor because of internal conflict and harsh natural condition.

I can somewhat argree with this... The Arab community I was raised around would agree 100% but I'm not so sure about that.... It's true but not entirely...

Jews are of a faith... This would be like saying the Christains controll the military or something along those lines... I think "Zionists" might be more accurate but they are not Jews but only pretend to be...

[RageWizard]

Alright, so I sat down with the old lady and a cat or two last night and watched this video, and I must say that it pretty much lays it out like it is. I like that it is done in a cartoon so people are put at ease and they shouldn't feel overwhelmed with the subject matter. The wife can't believe it, and refused to believe that money is just created out of thin air, and that economic growth is actually an exponential graph that will get harder and harder to achieve as time goes on. I tried to explain this to her several times before, but maybe I was getting to detailed with the explaination. This cartoon is a macro look at how it is done, and actually could be shown on a saturday morning show like on PBS, you know for the smart uncool kids that what to learn something.

[ShamsWoof10]

Alright, so I sat down with the old lady and a cat or two last night and watched this video, and I must say that it pretty much lays it out like it is. I like that it is done in a cartoon so people are put at ease and they shouldn't feel overwhelmed with the subject matter. The wife can't believe it, and refused to believe that money is just created out of thin air, and that economic growth is actually an exponential graph that will get harder and harder to achieve as time goes on. I tried to explain this to her several times before, but maybe I was getting to detailed with the explaination. This cartoon is a macro look at how it is done, and actually could be shown on a saturday morning show like on PBS, you know for the smart uncool kids that what to learn something.

No kiddin'.... you actually watched it... Well I'm glad you liked it and you made a very interesting poiint.... The cartoon setting would put people at ease about the matter and it doesn't trigger "conspiracy" in their minds...

I think what I found most interesting was that the money supply is controlled totally by the banks and not the Fed. as I once thought... The Fed. simply prints claim checks to represent the debt created by the banks as it says on the US one dollar bill that they illustrated.. "The legal tender note represents all debt public and private"...

The other point that was made that I found most interesting was that it's impossible for everyone to pay off their debts because that pool simply does not exist...

Thanks for the feedback Rage......

BTW I like the idea about showing it on a Saturday morning but some bankers might not agree...

[pico]

No kiddin'.... you actually watched it... Well I'm glad you liked it and you made a very interesting poiint.... The cartoon setting would put people at ease about the matter and it doesn't trigger "conspiracy" in their minds...

I think what I found most interesting was that the money supply is controlled totally by the banks and not the Fed. as I once thought... The Fed. simply prints claim checks to represent the debt created by the banks as it says on the US one dollar bill that they illustrated.. "The legal tender note represents all debt public and private"...

The other point that was made that I found most interesting was that it's impossible for everyone to pay off their debts because that pool simply does not exist...

Thanks for the feedback Rage......

BTW I like the idea about showing it on a Saturday morning but some bankers might not agree...

the multiplier is determined by the reserve requirement, and that is set by the fed.

[pico]

The other point that was made that I found most interesting was that it's impossible for everyone to pay off their debts because that pool simply does not exist...

i agree with you 100%. we're currently in a system where we have to keep inflate the debt to keep the economy from stalling.

[The HG]

i watched the vid too, it obviously deals with an enormous topic that could be written about for thousands of pages, but i agree that for what it is, a video that attempts to explain a subtle topic as simply as possible in a 45 minute video, it does a good job.

i could make a million points about it, but the one i will make right now is, this is why i have developed such a dislike for the modern US right wing. for me it has little to do with gays or guns or religion or abortion or any of that stuff. they take advantage of this system, and perpetuate it. they say deficits don't matter, because growth will outpace the deficits. it says that deficits are good because as the vid says, deficits create more money. but its based on a monetary system that resembles drug addiction, and creates an unhealthy society, or at least a society that is unhealthy in ways that it doesn't by any means need to be. and then its gross when the banking people say "we are rich because we earned it, this is a market economy and the market determines the value of what we do. without us the prosperity of this society you live in would not exist"

thats of course complete BS. here's a crude analogy, but i'll make it anyway. take someone addicted to heroin. the dealer could say "you come to me every day because i make you well again. without me and what i give you, you would be deathly ill". this is of course true in the short term. without the heroin, the addict would get very very sick and be way worse off than he was a day ago, and way worse off than he would be if he had some heroin. but of course, its complete BS that the heroin dealer is a good thing in the addict's life, that the dealer is helping the addict. in fact its quite the opposite and i dont need to explain why.

not gonna write any more, i have other stuff to do, although i'd love to sit and write pages on exactly what my views on all this are.

but for one final thought i will say what the danger in the future could be. in the 20s there was the run on the banks, and then to "protect" us, the FDIC was created to guarantee bank deposits and all that. the depression was arguably caused by the Fed, it could have been avoided. Ben Bernanke (the current Fed chairman), has a lot to say about that, you can search for and find where he explains how the Fed caused the depression.

but the point is, the danger in the future will not be a run on the banks like in the 20s. the deposits are insured and you will always be able to go to the bank and withdraw all you money.

the danger in the future will be inflation, which there is no kind of FDIC-style protection against. your money wont disappear due to a run on the banks, it will still all be there, plus interest, every last penny. But an apple could cost $10. its a much more sneaky and insidious way of making the money people have in their accounts disappear.

[pico]

HG, you can buy CPI indexed trasure bonds.