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The only way out of debt
Comments
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Oh dear. I made the mistake of clicking on his link. I couldn't help myself. Now I feel grubby and slightly ashamed.0
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No, it's just students for the September 18 - 19 conference. Not for the other stuff they're doing.
Actually Generali has provided us all with an idiots guide to FRB amongst other items of economic interest.
http://anothereconomicblog.blogspot.com/2010/07/what-is-money-well-i-promised-id-do.html'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 Thatcher0 -
Out,_Vile_Jelly wrote: »I've never yet been bored enough at work to watch one of these videos. Can't PN do us a summary?
Haven't actually watched it, but my summary:
Debt is evil. World wide conspiracy of evil-banker elves lead by Lord VoldeyMort to take over the world bank. They will take all your money!!!! Only solution is to buy gold!!!!! Here is an affiliate link to a site that will sell it to you http://reallyexpensivegold.com .“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Haven't actually watched it, but my summary:
Debt is evil. World wide conspiracy of evil-banker elves lead by Lord VoldeyMort to take over the world bank. They will take all your money!!!! Only solution is to buy gold!!!!! Here is an affiliate link to a site that will sell it to you http://reallyexpensivegold.com .
Why don't you actually find out what they are saying before posting meaningless comments.0 -
Why don't you actually find out what they are saying before making meaningless comments.
Because I have already heared these arguments numerous times, in one form or another, samclam, and it is complete nonsence.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
I mention brain cells because of the all childish replies.
I mention www.Call4Reform.org because it is an organisation I support and would like people to know about. A serious organisation not something crazy. Reading what they have to say is perhaps easier than me filling up pages here.
But if many other people have brought up the subject of how money is created why do so few of you care about it? Seems weird when it is so fundamental to our lives and could be done so much better.
A lot of wars were fought in medieval Europe because there wasn't enough gold to make up for inflation, economies were stifled through a lack of money, so they ended up invading each other to steal gold.
No system is without its problems.
ETA: Just read the website.
'use the newly created money to reduce taxes, fund better public services and reduce the national debt.'
Monetized debt anyone? I fail to see how this 'act' would really solve any issues. Did you say they were economics graduates?! Scary.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Because I have already heared these arguments numerous times, in one form or another, samclam, and it is complete nonsence.
Either you didn't hear it right, you heard something different or you didn't understand it. But it's not the slightest bit nonsense. It's complete sense, just most people aren't familiar with it.
How difficult is it to understand that our money is created as debt by bank lending and that it could just be created as 'money' without interest or repayment via the Bank of England?
I mean, come on how hard is that?0
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