What is Digg?11 Comments
- FearNoEvil, on 10/10/2007, -0/+9You really need to watch The Money Makers before watching this video. The Money Makers IMO is the most important video ever made. This will blow you away.
http://video.google.ca/videoplay?docid=-515319560256183936&q=the+money+masters&total=514&start=0&num=10&so=0&type=search&plindex=0 - rune420, on 10/10/2007, -0/+4I actually thought Money as Debt was better because it gave a much better historical perspective in the beginning
But Money Makers makes one very important point that Money as Debt doesn't mention; if the Fed issues all new money as debt to the Government, virtually all money in circulation is owed to the Fed and even worse it can't be repaid with interest without the Government having to borrow more money from the Fed. - inactive, on 10/10/2007, -0/+3If you want to make a positive step in eliminating some of our debt and wasteful government, start by putting the right man in office. Support Ron Paul.
- StingingNettle, on 10/10/2007, -0/+1Send the message. Get liberty dollars.
- RuckusNutz, on 10/10/2007, -0/+1Agreed
- rhinopig, on 10/10/2007, -0/+1Also, I should say, the reason a purely gold/'value' based economy doesn't work as well as a fiat/fractional economy is because the gold economy doesn't take into account labor and renewable resources, which add to the overall 'value' of an economy. I'm not saying the current system works perfectly, but that it works for now and thanks to it many inventions, discoveries, and labor has been produced that will help us as a society survive the impending collapse of the economy. And now thanks to robotics and computers, labor can be generated not from recurring payments but from an initial investment, but we'd never have developed those labor generating devices without a credit based system.
- rhinopig, on 10/10/2007, -0/+1One problem I had with the money makers (and this video may suffer from, haven't watched all of it) was that it didn't site it's sources very well. Sure it would tell you who said the quote, but not when and where. It didn't need to durring the main video as that would disrupt the flow, but either in the credits or on their website or something. As such, while if true it's an amazing video, seeing as how I couldn't verify most of what was said in it (although I found little to disprove it also) I kind of have to relegate it to Conspiricy Theory.
Point being, to anyone who wishes to make similar films, PLEASE CITE YOUR SOURCES in a way that others can easily fact check. Otherwise, even if your right you will most likely be ignored or ridiculed. - rhinopig, on 10/10/2007, -0/+1doublepost
- labanjohnson, on 11/30/2007, -0/+0Thanks for posting this, it really helps expose the root to our national money woes
- rhinopig, on 10/10/2007, -1/+1Ok, I just finsihed the video (probably should have watched it before making that second post). Atleast they do say that a gold standard isn't the answer (my personal answer would be based on government issuing 4 types of currency, renewable (food), nonrenwable (oil, metals), labor, and capital (loans, which do represent an amount of risk)).
However I don't believe that this will be much of a problem for to much longer. Again, I see robotics, computers, and networks as the way out. They provide free labor once the initial amount is paid. Basically I think we will soon enter an economy of abundance, where money in almost any sense will be meaningless as any reasonable desires will be fulfilled by automated labor. (however, once this economy is reached monetary reform may be necessary)
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