How debt currency works

[voytechs]

Ron Paul talks about this a lot, but you really understand what he is talking about. Its a lot worse than you think.

Here is an excellent video that explains everything with simple layman examples:

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

Dr. Paul is predicting a total economic collapse not 20 years from now but 3 to 5. I think you will understand that the unraveling has already started with the current mortgage crises. Since all money, including the money you use to buy groceries is debt, if all debt were to be paid back, there won't be a single cent left in the entire US of A.

 

[Maximilian American]

This is a great post, especially what is written in your signature: The ancients held a philosophy of always thinking seven generations ahead. Here every action one makes is considered in terms of how it may affect future descendants seven generations later. This level of responsibility is the strength of any progressive society because it is one that takes full responsibility for every action

 

[TruthAtLast]

I've always liked the Money as Debt video. The companion video Money Masters is also a good one.

 

[Kludge]

Video seeks nationalization of banks... >.>

 

[kyleAF]

The video is calling for an enforcement of the age old law: no usury. I think he may have a point.

His best point is on the nature of the exponential growth of debt and exploitation of resources to service the debt. This is true, and why the downward spiral of a credit crunch that we're currently in is so dangerous.

This will all be nearly moot when oil runs out. (Nearly)

 

[AceNZ]

For another perspective on the money as debt issue, have a look at the video in my signature.

 

[voytechs]

Video seeks nationalization of banks... >.>

They explored all the possibilities including this one. That was an ideological take on what could work best.

I am curious though, how the cornering of the gold and silver markets works. Does any one have knowledge as to how that can happen?

 

[kyleAF]

They explored all the possibilities including this one. That was an ideological take on what could work best.

I am curious though, how the cornering of the gold and silver markets works. Does any one have knowledge as to how that can happen?

What the video is talking about would be an act of counterfeiting... Someone could melt the gold down, alloy it with lead, then recast the coins, while retaining the gold that they replaced with lead, and then exchanging the leaded coins at the bank for fresh ones, until a stockpile of gold is established...

I think it's unlikely to be done on a large enough scale, though. Archimedes could tell the purity of gold back in ancient times, and we can certainly do it easily now.