Money as debt

[Señor Fingers]

Very interesting look at how money really works

http://video.google.ca/videoplay?docid=-9050474362583451279

 

[ketostix]

Yeah that's pretty interesting. Regardless of fiat or backed money, I'm not sure why we'd want private bankers issuing money with interest. But I'm not sure I'd trust the government any more than private bankers.

 

[Francisco d'Anconia]

Don't you love that the best quotes in the movie were those from people who worked for the Federal Reserve?

 

[Tyron]

"A multitude of rulers is not a good thing. Let there be one ruler, one king."
- Herodotus

It's inevitable, in distant future there will be only one goverment. Money cedes to be a problem and is not loaned to existence.

 

[bbestar]

This one is also relevant to today


even though it was produced back in the mid 90's
http://video.google.com/videoplay?d...493&start=0&num=10&so=0&type=search&plindex=0

 

[azanon]

So what was the take-home message of the original video? Don't borrow money?

With no take-home message, it becomes a "yes.... and?"

 

[djtdot]

Ok so the video says that a few top people in the bank control the money. How does one get there .

 

[TooColdUlrick]

So what was the take-home message of the original video? Don't borrow money?

With no take-home message, it becomes a "yes.... and?"

...to use debt (other peoples money) to buy productive assets, and keep a close eye on your balance sheet. the winners are ones whose assets rise (inflation adjusted, risk adjusted, tax adjusted) at a greater rate than their borrowing cost.

bankers are evil. they lend you money to buy things. pure EVIL. :crazy:

the losers use debt (other peoples money) to have parties or to make ends meet.