pouët.net

Crisis: Money As Debt

category: general [glöplog]
Now you made it, I am gonna install and play Fallout 3 :)
added on the 2009-02-12 08:05:48 by Optimus Optimus
like the .com we want the .debt !
added on the 2009-02-12 10:29:05 by 24 24
Deus. English humour at it's finest. I was ROFL more or less from start to finnish.

"well certainly, no price is to high for such ...mature wisdom, is it?"
added on the 2009-02-12 10:44:14 by NoahR NoahR
Here's a search for the four part 'Silly Money' series. Rory Bremner is a genuis.

http://video.google.com/videosearch?q=silly+money
added on the 2009-02-12 11:36:10 by mg mg
lovely! xD
added on the 2009-02-12 12:46:37 by NoahR NoahR
Krabob : parce que tu lis trop de media ... achete ton un manuel d'economie (celui de raymon barre est une reference)ou alors le manuel de Ferrandier (j'ai oublié le prénom). C'est écrit ... On nous cache rien. C'est juste plus facile de ne pas voir.
added on the 2009-02-12 16:04:39 by nytrik nytrik
nytrik:
the point is:
- So "everyone should know", and it is a fact, that most of the money is created by debt and not by work.
- I guess also that "everyone is well aware" that this system is bound to a final crash at some point, once for all and forever because of resource depletion, or simply impossibilty "to feed the curves".

- So question: If the weakness of that system is also well know by economists, why does the power and economists choose to continue supporting it the same way ? Come on, not only people, all french politicians act exactly as if *THEY ACTUALLY IGNORE IT*.
added on the 2009-02-12 16:23:12 by krabob krabob
mg: these guys are bloody hysterical xD ... and spot on !
added on the 2009-02-12 16:26:00 by d0DgE d0DgE
Krabob :

you know the answer to your second question : because so far every thing is fine and individual priviledges are preserved and there is no such a thing as collective conscience.
Economics explain the past but explain the future with an important random factor.

To scare you a bit more :

the analysis in the film is taken on a national basis. Imagine banks can create money outside the national territory ( dollars for instance : called euro dollars).

Imagine that debt money is used to buy financial products which are debt themselves ( as long as it is a car there is at least a physical asset ).

Imagine all that and you have our reality.

I agree with you : this will end one day ( it has always been the case ). The game is to find out when.
added on the 2009-02-12 19:46:42 by nytrik nytrik
BB Image
added on the 2009-02-12 21:26:38 by bdk bdk
nytrik: thanks for your well documented answer. It's nice to have an expert who can deny or confirm these kinds of important details on such subject.
added on the 2009-02-12 22:14:46 by krabob krabob
krabob : I m not an expert : I just did some economics few years ago ...( well some know how to code ).
money is based on trust only ..in your analysis you confuse between added value and money. money is a mean as long as you trust it.
added on the 2009-02-12 22:26:26 by nytrik nytrik
I predict world population will decrease massively over the next 10 or so years. Certainely before 2030. Easter Island on a wordwide scale. A lot of biologists view the present era as one of the big 5 mass exctinction events.
added on the 2009-02-13 11:51:58 by mg mg

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