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Money As Debt

Money theory.

  • chinup
  • posted by chinup
  • Date 3/10/2008 4:11:19 AM
  • Views: 5792
  • All Ages
  • All Ages

Tags Tags: money as debt

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15 Comments

Current View: 15 / Show all Comments

relic180 : LVL 19: VP 2.8: said:

relic180

18 votes NegativePositive

634 days 14 hours ago...

Anyone that doesn`t watch this from start to finish, is a Nazi bastard and should be, slowly disemboweled, decapitated and used as fertilizer.

Just kidding, but it`s very interesting (and important) info.

AceBlake : LVL 22: VP 3.1: said:

AceBlake

23 votes NegativePositive

632 days 18 hours ago...

Man, I could be a merchant banker after watching this. Great vid.

Diashan : LVL 38: VP 4.6: said:

Diashan

27 votes NegativePositive

632 days 8 hours ago...

pretty shitty system really, unless your a banker.
I have a relativly small mortgage of around 200k, makes me feel ill though when i think about it that by the time i pay it back ill have given them 6 or 700k. its wrong that the working class be squeezed for so much, when is enough money really enough for those people?

relic180 : LVL 20: VP 2.9: said:

relic180

31 votes NegativePositive

631 days 21 hours ago...

^ never. And for that, they should die.

blue_devil : LVL 38: VP 4.6: said:

blue_devil

32 votes NegativePositive

629 days 12 hours ago...

we are all slaves !

Smooshieus : LVL 20: VP 2.9: said:

Smooshieus

3 votes NegativePositive

628 days 22 hours ago...

This video is really great for the masses. It explains a lot of stuff that should be common knowledge.

^ About that 200k mortgage: actually, with an estimated inflation of 3.5% per year, at 30 years, that 200k is worth 561k. So, in essence, the bank only earns money off anything over that amount. Even if the total of all your payments is 700k after 30 years, you`ve still given less than 1% to the bank as real profit. Of course, that`s assuming your mortgage spans 30 years, which would clearly be a pretty good deal in this case.

Wizzy : LVL 11: VP 2: said:

Wizzy

24 votes NegativePositive

628 days 22 hours ago...

smoochieus your soooo wrong
when they "lend" him 200k ... where does that money come from?? a bankers pocket?? NOOOOOOO
they flip a switch and yer account has 200k in it
then u pay back something they NEVER HAD and charge ya interest??
sound like a good deal now?

CHOZN1 : LVL 2: VP 1.1: said:

CHOZN1

6 votes NegativePositive

628 days 21 hours ago...

wow just wow

_Boogeyman_ : LVL 12: VP 2.1: said:

_Boogeyman_

2 votes NegativePositive

628 days 20 hours ago...

It`s not gonna be long till the whole system collapses.
Pretty much unavoidable unless the system is changed from a groth based economy to something more stable.

stbasdf : LVL 36: VP 4.4: said:

stbasdf

4 votes NegativePositive

628 days 18 hours ago...

i`m no expert but to me, loans may seem like a rip off, but the bank does have to deal with inflation, the interest to the bank customers, and employee cost. it may seem unfair for them to make money by lending out other people`s money, but credit/loans allow new businesses the capital needed to start up. problem is, the system can fall apart for a number of reasons (bad economy, defaults on loans, ppl withdrawing their money).

ieatpinkmuff : LVL 18: VP 2.7: said:

ieatpinkmuff

Hidden (Show Comment) -11 votes

628 days 16 hours ago...

they dont provide any better solutions, id rather trust my money with private bankers than the govt

Mike Oh : LVL 38: VP 4.6: said:

Mike Oh

8 votes NegativePositive

628 days 16 hours ago...

We are not just slaves but voluntary slaves. We chose to ignore all warning signs and decided to make ourselves miserable by listening to these bankers. It`s highly unlikely people will change after all the facts are given. We have became too accustomed to being told what to do by these bankers. By the time our masters own everything on our planet. We will be absolutely helpless and be on their mercy for whatever scraps they toss us. Thank god I don`t have any kids. I just hate myself for letting my descendants go through same bullshit as I did. And now that would be immoral.

Fzero169 : LVL 15: VP 2.4: said:

Fzero169

4 votes NegativePositive

628 days 15 hours ago...

to Ieatpinkmuff-

Why not trust gov`t to completely run money? Just saying that "that you don`t trust gov`t" is not an actual reason, it is rather a cop out to admit you know nothing on the subject. Think relationally for a second. Why would the gov`t purposely mess with citizens money? There is no reason for it. Since logically, gov`t cannot exist without it citizens, they would have to strive in order to sustain their own gov`t. But, on the other hand, private banks, can just take over property that they themselves never paid for nor actually had the money to start with. They either gain money off interest or gain property if it not paid. They win ever way. If the gov`t did the same, over time there would be no citizens left within that country.

razorfane : LVL 33: VP 4.2: said:

razorfane

Hidden (Show Comment) -10 votes

628 days 14 hours ago...

what`s up with canadians making so many conspiracy movies?

Doqaz : LVL 21: VP 3: said:

Doqaz

7 votes NegativePositive

628 days 14 hours ago...

Fuck banks!

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