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Debate House Prices


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How Money Works - Money as Debt

chrisweb
chrisweb Posts: 83 Forumite
in Debate House Prices & the Economy
A video I watched a long time ago, but it started a big obsession with the economy for me and I've learned a lot since and discovered a lot more since watching it:

Money as Debt

Was really shocked when I first watched it as to how naive I was to how money actually worked. Something I use everyday, obsess about, yet never really question what it is.

I'm sure it has been posted before but thought I'd share in case anyone hasn't seen it.

When I try and explain some of this stuff to people they still look at me like I'm some sort of conspiracy looney.

Not taking any side on our current money system since there are good arguments for and against it, I just generally think this is something more people should be aware about.
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Comments

  • purch
    purch Posts: 9,865 Forumite
    This has been covered ad nauseum on this board !!!
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • chrisweb
    chrisweb Posts: 83 Forumite
    Thought that might be the case but I'm new and nobody I know has ever heard of it. Nice to find a place where people do know about it.

    You can't blame me for wanting to share it :)
  • purch
    purch Posts: 9,865 Forumite
    nobody I know has ever heard of it

    Clearly your network of like minded twitters are pretty out of touch with the world.

    I would have thought anyone so keen to join this Forum and immediately make a number of new threads would have taken the trouble to read some of the Board first.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    sleping-smiley.jpg You're not another refugee from HPC.co.uk are you?
  • chrisweb
    chrisweb Posts: 83 Forumite
    purch wrote: »
    Clearly your network of like minded twitters are pretty out of touch with the world.
    I meant people in the real world. You know any of those?
  • Sir_Humphrey
    Sir_Humphrey Posts: 1,978 Forumite
    Congratulations, you are the 100 000th person to post a link to that stupid video.
    Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Does this remind you of that guy Asheron :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Do we have to report him missing to HPC?
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    setmefree2 wrote: »
    Do we have to report him missing to HPC?

    Has he got a collar on :D
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chrisweb
    chrisweb Posts: 83 Forumite
    Sir_Humphrey wrote: »
    Congratulations, you are the 100 000th person to post a link to that stupid video.
    why do you think it is stupid?
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