Lots of discussion about monetary policy. Lots of discussion about libertarianism. Lots of "I don't believe" and "I don't think." Very little "I can prove that."
Money is complicated and it's not what you think. Start here. Pour some coffee and school yourself.
This was posted by RadioIlluminaticom and is filled with conspiracy theories. Take this with a grain of salt! The user has also posted a video titled "Alex Jones' Power Speech." I am not going to link the video so that I can save your sanity. For those of you who don't know who that is, he's a "9/11 Truther" and was recently in a debacle with Piers Morgan about guns (Alex wants him deported). Video here.
...and was written and performed by Paul Grignon back in 2006 before anyone knew who Alex Jones was. It was on Google Video until Google went down. If you would like to see the original source, it's here. If you would like to level substantive criticism, one would start here. Choosing to harp on who posted it where gives your criticisms zero credibility.
I think what really made me stumble was the opening few quotes talking about a group so powerful, watchful, etc., and then the comments below the video like "MODERN SLAVERY AND THE IDIOTS DON'T EVEN REALIZE THIS... TRULY ESSENCE OF EVIL! (I DON'T WANT TO HEAR ANYONE THAT SATAN DOESN'T EXIST...)" from gabigowriel and "Yes I agree 100% Google pictures"satanic handsign" and see Bush etc. worship him. Youtube"dark secrets at bohemian grove" from the poster of the video RadioIlluminaticom. Still, the video was very eye opening and has been shared to all my tweeps and facebookers.
I know exactly what you mean. Mine was when my uncle gave me this book when I was 18. Learning about how the system really works scared the hell out of me and broke my teen aged mind for a while. It likely heavily influenced my lifelong aversion to the financial markets, resulting in an investment strategy heavy in tangible assets and real estate. Then 2008 hit, and I learned that you're not really safe regardless of where your money is. And, let's face it, pieces of paper declaring ownership - be it stocks, commodities, or real estate - aren't going to mean shit if this smoke and mirrors, rube-goldberg-esque system of ours ever really began to unravel.
Goddamn it. Now I have to read that book. It's been on my list for a year but the fact that it's available neither as Audible nor Kindle messes with my mojo. You might enjoy the hell out of Michael Lewis' The Big Short.
... Should I write my congressmen then, ask them to advocate switching to a permanent, interest-free money supply? Or should I stock up on rice and ammo?
Month late on the response, but hopefully you still have interest in discussing this subject, kleinbl00. I have lots of questions! Since it's creation, how have the arguments stated in the video been accepted? Do economists agree that the current system is unsustainable? Do they agree on a future alternative system along with a route to transition over to it? Does the growing presence of global companies (Many of which are now replacing local businesses) preclude the plan of using local, interest-free currencies? Are any organizations (Government, multi-national, or other) working to fix the problem? Or are we shit out of luck?
As monetary policy is a dry subject for economists, very few people have any input. Consider how small a percentage of the population can even follow along with Jim Cramer, then recognize that the subset of people who know what the words "Bretton Woods" mean among that group is even smaller. No. All roads lead to feudalism. Local currencies are a pipe dream in the current economic climate. www.bitcoin.org "*America is at that awkward stage. It's too late to work within the system, but too early to shoot the bastards.*" – Clair Wolfe, 101 Things to Do 'Til the Revolution (1996)Since it's creation, how have the arguments stated in the video been accepted?
Do they agree on a future alternative system along with a route to transition over to it?
Does the growing presence of global companies (Many of which are now replacing local businesses) preclude the plan of using local, interest-free currencies?
Are any organizations (Government, multi-national, or other) working to fix the problem?
Or are we shit out of luck?
I had been planning, and was working towards, saving up enough money to attain financial independence (kind of like the act of retirement, but instead it's just the state of having the wealth necessary to retire, giving you a lot more freedom to choose what you do with your life), and then living solely off of the interest once it was attained. This makes me wonder if such a system is even sustainable. If our economy really does require exponential growth to function, then what are the odds that we will continue to function? We're already consuming so much environment-polluting fuel and creating so many shoddy products that will end up in a landfill that we won't even be able to sustain our current level of consumption for very long. This makes me think that bitcoin really is a good currency to use. The problem is that it's so damn volatile that I really don't want to put any money into. If only there were an electronic currency that couldn't be easily traded or speculated with.
This is quite good as well: The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd. 1-5 (Full Documentary)