Read The Forum Rules: We have a clear set of rules to keep the forum running smoothly. Click here to review them.

Post Reply 
Modern Economics is just one big scam
Author Message
Simeon_Strangelight Offline
Hawk
*******
Gold Member

Posts: 20,328
Joined: Feb 2014
Reputation: 232
Post: #51
RE: Modern Economics is just one big scam
This resembles the newly minted "Skeptic" movement which seems to be skeptic about anything except the views that the elite allows them to have.

- refute religion and spirituality completely but believe in state-sponsored dogmas
- be skeptic about small lies that the government may tell you but thoroughly refuse to believe in big lies on the "scientific" basis: "Impossible that they would be able to pull this off" or "Impossible to tell such a lie to the entire world and get away with it - there would be whistle-blowers, honest people who would tell us the truth!"

The same concepts apply on all other points:

- economics: they would not be able to suppress a vastly superior economic system like interest-free economics (social credit, mutual credit, demurrage) - impossible - someone would know about it and tell us about it for sure! "The current system has no alternative" - Angela Merkel was right for sure.
- medicine: impossible that they lie about vaccines or about the "war on cancer" or about plenty of FDA approved toxic food ingredients - there is some corruption, but they are doing all they can to help you live longer and better!
- politics: impossible that they lied about terrorism being anything else than goat-herders out of some caves in Afghanistan who hate our liberty - those filthy terrorists - let's do total surveillance over you all while we invite more of those poor people from those war-torn regions into our countries
- feminism: politicians just appeased women and those cat-hoarding radical female feminists did excellent lobbying and managed to effect legal changes all around the world - never mind, that the politicians never talked about those changes in their speeches - "it just happened"
- religion: there is no God, religions only tell you lies and fairy tales, best follow our ever updated SJW-approved ethical guide-lines - we keep you updated - don't listen to those old books - even if you try to take the good and ignore the bad - it's best to ignore it all as any atheist can PROVE logically that God does not exist of course!

It all boils down to this and it is as valid as ever:

[Image: make-the-lie-big-make-it-simple-keep-say...hitler.jpg]

[Image: 826097b7d03e69359c760e8288059369.jpg]
(This post was last modified: 01-25-2015 05:24 PM by Simeon_Strangelight.)
01-25-2015 05:21 PM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 6 users Like Simeon_Strangelight's post:
scorpion, SupaDorkLooza, Built to Fade, Tactician, Samseau, Handsome Creepy Eel
Quintus Curtius Offline
Crow
*****
Gold Member

Posts: 4,060
Joined: May 2013
Reputation: 247
Post: #52
RE: Modern Economics is just one big scam
(01-25-2015 03:48 PM)Americas Wrote:  I don't necessarily disagree with your post. However, I do want to point out some things. For one, the role of economics is not necessarily to predict phenomenon but rather to explain it. In fact, most social sciences fall within this vein.

And while I agree that economics falls short in many respects because of its models that try to exclude as many variables as possible, economics isn't actually that concerned with 'the big picture.' Modern economics is actually probably the most narrow social science in current-day. This means that the questions that economists ask today are very narrow in scope. Take a look in any major economics journal and you will see articles that are so narrow in scope that most of them won't even be that interesting the average person. Something like "How Endogenous Growth Affects Brazilian Labour Laws from 1950-1970" is something you would expect to see in these journals.

And this is a problem that I see in a lot of arguments throughout the internet in relation to economics. A lot of people don't actually even know exactly what economics as a discipline is doing.


These are good points, Americas.

Maybe I didn't give my post enough explanation. What I was trying to say is this:

I just can't shake the feeling that much of what passes as economics is hocus-pocus smoke and mirrors. Please know I'm not saying the whole field is useless.

I know you said its job was to explain and not to predict. I get that. But my thought is that its track record as an "explainer" is rather middling.

For any given historical event, we're better off focusing on other factors: environmental, social, leadership, historical, ideological, anthropological, etc. Economics, to me, is at best a footnote to human affairs. If I were a historian, I would give it less relative weight than these other factors I mentioned.

Just my opinion. Other historical and social forces are far more powerful.

| qcurtius.com | Twitter
(This post was last modified: 01-25-2015 06:35 PM by Quintus Curtius.)
01-25-2015 06:34 PM
Visit this user's website Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like Quintus Curtius's post:
Americas, Built to Fade
Phoenix Offline
Banned

Posts: 4,464
Joined: Jul 2014
Post: #53
RE: Modern Economics is just one big scam
Economics is not a flawed science per se. Were it purely scientific, I suspect it would converge on much more accurate models.

However it is not a science. It is intimately tied to governments and their interest in convincing the public of the rightness of their actions. In this dynamic, the scientific method is a minor factor, specifically "upholding the appearance that it is being used".

This is why the government and its institutions are such large employers of economists.
http://www.kent.ac.uk/careers/economics.htm#employers

You are not going to find people in the employ of the government, who advocate the gold standard, free banking, abolishing regulation, lowering and flattening taxes etc, because these are against the government's primary interest - power.

What people need to realize is that supposed government 'benevolence', through welfare and various 'benefits' given to certain groups, is actually merely the byproduct of power-seeking under a democratic constitution.
01-26-2015 01:33 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 2 users Like Phoenix's post:
Tactician, Built to Fade
Simeon_Strangelight Offline
Hawk
*******
Gold Member

Posts: 20,328
Joined: Feb 2014
Reputation: 232
Post: #54
RE: Modern Economics is just one big scam
(01-26-2015 01:33 AM)Phoenix Wrote:  Economics is not a flawed science per se. Were it purely scientific, I suspect it would converge on much more accurate models.

However it is not a science. It is intimately tied to governments and their interest in convincing the public of the rightness of their actions. In this dynamic, the scientific method is a minor factor, specifically "upholding the appearance that it is being used".

This is why the government and its institutions are such large employers of economists.
http://www.kent.ac.uk/careers/economics.htm#employers

You are not going to find people in the employ of the government, who advocate the gold standard, free banking, abolishing regulation, lowering and flattening taxes etc, because these are against the government's primary interest - power.

What people need to realize is that supposed government 'benevolence', through welfare and various 'benefits' given to certain groups, is actually merely the byproduct of power-seeking under a democratic constitution.

First of all apart from some hard basic calculations - most formulas are pretty much useless, since economics is a social science that is based on human behavior.

Also due to inherently superior systems like interest free money creation, social credit, mutual credit, demurrage, interest free real estate credit - then all modern economics resembles is an oncology department that knows there is a simple cure for cancer and they have it, but they refuse to use it because they would have to close the oncology department then.

In the case of economics they would have to shut down most of the power base of the richest 0,01%.

Most economists are not aware of the issues, but others like Keynes or Milton Friedman knew very much about the superior models but could not voice them publicly or their careers would be over.

Keynes visited Woergl (no other reason to visit that place for an economist but to see how powerful interest free money with demurrage can be) and Friedman talked with Bill Still before his death admitting that his movie "The Money Masters" tells the truth about the solutions. But so what? Even if you have major economists knowing about it, they are tantamount to oncologists who have the perfect cancer cure in their hands but cannot use it.

We are all trapped in the system.
(This post was last modified: 01-26-2015 02:48 AM by Simeon_Strangelight.)
01-26-2015 02:46 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 3 users Like Simeon_Strangelight's post:
Handsome Creepy Eel, Built to Fade, Tactician
Handsome Creepy Eel Online
Owl
******
Gold Member

Posts: 12,733
Joined: Apr 2011
Reputation: 169
Post: #55
RE: Modern Economics is just one big scam
Here in Croatia we have a new populist (I am not saying this in a bad sense) political party called "Živi zid" ("The Living Wall"), which is politically unafilliated and makes the following claims:

- it is forbidden by the Maastricht Treaty for any national central bank to fund its government directly (primary emission of money); instead, it must release new money into circulation by channeling it through commercial banks, which then lend to citizens and/or government on the secondary market
- during this process, the commercial bank multiplies this money through fractional reserve banking and then slaps an interest rate on that new money, meaning that citizens/government have to return this money to the bank with interest (which is always higher than what the commercial bank will have to pay to the central one)
- however, the money for repayment of interest has never entered the monetary system; it was created out of thin air by commercial banks; thus, all new money is not created by central banks, but by commercial banks
- given enough time, all of the money channeled through commercial banks will return to them
- that means that commercial banks are the true owners of almost all money currently in existence; all money is actually debt owed to the banks
- the logical conclusion of all this is that debts are by their nature unpayable, and serve merely as a tool through which banks seize more and more real property
- the only thing that delays the process is the issuance of new credit and debt, i.e. inflating the balloon further so that people don't notice that money is a debt and that debts are unpayable
- since the supply of money is a zero sum game, people who are currently wealthy and have no debts are just lucky ones who haven't yet been consumed by the endless and unpayable debt


As far as I can tell, all of this is true.

Živi zid wants to put an end to this by:

- giving the central bank the ability to print money and lend directly to the government
- conversion of all debts to local currency
- introducing a controlled short-term bout of inflation (printing) of local currency, with which to wipe out or reduce old debts
- introducing a 100% reserve rate to stop the banks from grabbing their share of money during this process


Again, as far as I can tell, all of those are sensible solutions.

After its completely unknown presidential candidate achieving a staggering 17% of the vote last month, Živi zid is currently being massively attacked from all sides. It is simultaneously being proclaimed to be ultra-left, ultra-right, feminist, LGBT, fascist, catholic, taliban, populist, anti-people, destructive, keynesian, neo-liberal, and so on. All of the other parties in existence (including all major media) have united against it. The whole thing is very worrying and just confirms my belief that Živi zid's ideas are right.

"Imagine" by HCE | Hitler reacts to Battle of Montreal | An alternative use for squid that has never crossed your mind before
01-26-2015 04:53 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 3 users Like Handsome Creepy Eel's post:
Simeon_Strangelight, Built to Fade, Tactician
Phoenix Offline
Banned

Posts: 4,464
Joined: Jul 2014
Post: #56
RE: Modern Economics is just one big scam
I'm not going to indulge any conspiracy theory based explanations of things. Is is a form of 'not disprovable therefore true' fallacy (things are actually only true if they are provable, lest 'true' lose it's conceptual value). A conspiracy involving the 'system' (everyone) is clearly too large, too complicated, and too information scarce (conspiracies are secret right?) to be provable, and is thus useless.

Secondly, debt is not money. They are two distinct words used to mean two different things. Debt is a promise to pay money at some point in the future. A dollar bill (money) exists bearing no liabilities. A dollar bank deposit is a debt owed to you by the bank.

I open this specific topic to debate:
- Is $1 now worth $1 in a year? That is, would the average person prefer to receive $1 now or in a years time? Assuming the answer is 'no, they want it now', does this not explain why interest exists?
01-26-2015 05:23 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Phoenix's post:
Built to Fade
Simeon_Strangelight Offline
Hawk
*******
Gold Member

Posts: 20,328
Joined: Feb 2014
Reputation: 232
Post: #57
RE: Modern Economics is just one big scam
(01-26-2015 05:23 AM)Phoenix Wrote:  I'm not going to indulge any conspiracy theory based explanations of things. Is is a form of 'not disprovable therefore true' fallacy (things are actually only true if they are provable, lest 'true' lose it's conceptual value). A conspiracy involving the 'system' (everyone) is clearly too large, too complicated, and too information scarce (conspiracies are secret right?) to be provable, and is thus useless.

Secondly, debt is not money. They are two distinct words used to mean two different things. Debt is a promise to pay money at some point in the future. A dollar bill (money) exists bearing no liabilities. A dollar bank deposit is a debt owed to you by the bank.

I open this specific topic to debate:
- Is $1 now worth $1 in a year? That is, would the average person prefer to receive $1 now or in a years time? Assuming the answer is 'no, they want it now', does this not explain why interest exists?

https://realcurrencies.wordpress.com/201...alue-hoax/

Time value of money is a hoax - it's one of their main arguments which sound plausible until you begin to unmask the whole scam that it is. This - by the way - has little to do with conspiracy - even if there were no top-down cooperation the argument would not make any sense.
(This post was last modified: 01-26-2015 05:34 AM by Simeon_Strangelight.)
01-26-2015 05:33 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Simeon_Strangelight's post:
Built to Fade
Phoenix Offline
Banned

Posts: 4,464
Joined: Jul 2014
Post: #58
RE: Modern Economics is just one big scam
(01-26-2015 05:33 AM)Zelcorpion Wrote:  
(01-26-2015 05:23 AM)Phoenix Wrote:  I open this specific topic to debate:
- Is $1 now worth $1 in a year? That is, would the average person prefer to receive $1 now or in a years time? Assuming the answer is 'no, they want it now', does this not explain why interest exists?
Time value of money is a hoax - it's one of their main arguments which sound plausible until you begin to unmask the whole scam that it is.

Deferring to others implies someone is not able to defend a position on their own.
You didn't answer the question so I must ask it again more comprehensively.
- If you had the choice of receiving a Ferrari now, or in one years time, what would you choose?
- If you had the choice of banging a particular hot girl now, or in one years time, what would you choose?
- If you had the choice of winning the lottery now, or in one years time, what would you choose?
Conversely:
- If you had the choice of having your car stolen now, or in one years time, what would you choose?
- If you had the choice of getting sick now, or in one years time, what would you choose?

Am I correct that the answers are 'now' and 'in one years time' respectively?
(This post was last modified: 01-26-2015 06:24 AM by Phoenix.)
01-26-2015 06:21 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 1 user Likes Phoenix's post:
Built to Fade
Simeon_Strangelight Offline
Hawk
*******
Gold Member

Posts: 20,328
Joined: Feb 2014
Reputation: 232
Post: #59
RE: Modern Economics is just one big scam
(01-26-2015 06:21 AM)Phoenix Wrote:  Deferring to others implies someone is not able to defend a position on their own.
You didn't answer the question so I must ask it again more comprehensively.
- If you had the choice of receiving a Ferrari now, or in one years time, what would you choose?
- If you had the choice of banging a particular hot girl now, or in one years time, what would you choose?
- If you had the choice of winning the lottery now, or in one years time, what would you choose?
Conversely:
- If you had the choice of having your car stolen now, or in one years time, what would you choose?
- If you had the choice of getting sick now, or in one years time, what would you choose?

Am I correct that the answers are 'now' and 'in one years time' respectively?

I defer to the site, because they do it better in real terms.

The problem is in the premise itself.

Money as it is stands now is created fraudulently out of thin air. Even when you had 100% gold-backing it would be fraudulent because the wealth created by them would be after centuries of usury.

So the comparisons are off:

- the Ferrari is real
- the girl you bang is real
- even the money in cash YOU PERSONALLY RECEIVE is real because you can live off it

What is unreal and fraudulent is how the money for all this is created and this is the issue here!

If you cannot question time value then you simply do not understand the entire usury debate at all.

Let me put it clearly:

If you let one group make out usury loans and FUCKING CREATE 99% of all money on that basis - plus control the volume, then that group will over time end up owning it all. And the crap is nothing new - Caesar was killed mostly because he wanted to end that practice in Rome. Centuries later their rule ended anyway as our current system will end, because with usury the 0,01% will end up owning 95% of all property and wealth making long-term survival untenable unless you control the entire world and live in a totally controlled Brave New World scenario.

I'm sorry if you cannot see that and compare it with owning Ferrari's right now versus in one year - that has nothing to do with how money is created by the system.

The only comparable thing would be:

Do you want to get a loan by a mobster who will charge you interest and kill you if you default or will you want to get a loan from the JAK Bank in Sweden or the WIR system in Switzerland which charges you a yearly fee and no interest rate on it? Again I repeat that an interest rate making up over 60% of your mortgage payments over duration is just nuts.

And even more nuts is a government which could literally create money - as in print money - print the whole entire goddamn budget and spend it without going to extremely wealthy people and borrowing it all. The currency of a country is backed by the productivity & by the military force of it's people anyway - there is no need to borrow if you don't overdo it and print too much.

Those are the two arguments and if you want an honest debate go to those anti-usury sites like realcurrencies or some-anti-austrian-economics sites. They have literally had enough debates to have some sites having their comment section closed, because THERE IS NO JUSTIFICATION FOR THAT CRAZINESS! You will literally lose any debate as it's impossible to justify usury for the majority of transactions - and fractional reserve lending should be banned too - that is just pure Mafia-style-scamming - 5 major banks as it is now can literally contract and expand money supply at will - at fucking will!

Thus I refer rather to the other more competent researchers, who put my humble knowledge to shame.
(This post was last modified: 01-26-2015 06:58 AM by Simeon_Strangelight.)
01-26-2015 06:53 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 4 users Like Simeon_Strangelight's post:
Handsome Creepy Eel, NovaVirtu, Tactician, Built to Fade
Phoenix Offline
Banned

Posts: 4,464
Joined: Jul 2014
Post: #60
RE: Modern Economics is just one big scam
Loans are just 'borrowing money'. No different to borrowing a car or renting a house. The more valuable the thing you borrow, the more you pay per year. Rather than borrowing the car or renting the house, you can borrow the money and then buy those things. It's the same thing.

It's not nuts that interest payments make up 60% of some mortgage payments. That's what happens when you borrow a large amount of money for a long time. You'd have to compare the total interest versus renting the house over the same period to know if it was 'nuts'.

Regarding 'rich people will own everything by accumulating interest', you could say the same thing about equity and dividends. Should we get rid of dividends, and by extension, profits and private enterprise?

Regarding fractional reserve banking, it is not true that banks can extend as much credit as they like. Banks are competing loan intermediaries. They take loans (deposits etc) and make loans (mortgages etc). The extent of this credit expansion (aggregate indebtedness) is limited by the total money ('money' as in 'cash') available, through the "adverse clearing mechanism".

When people from different banks write cheques / transfer funds to each other, the receiving bank demands settlement from the paying bank. Bank R has no incentive to keep a deposit/cheque from Bank P, since that would effectively be giving a zero interest loan to a competitor. Bank P must settle, in cash.
The larger the outstanding deposits and loans at the bank, the larger and more frequent it's clearings with other banks are. These clearings can be quite random - no bank knows exactly how many payments its customers are going to make, to other bank customers, per day. If it cannot settle its debts with another bank, daily, in cash, it goes bankrupt. Hence a bank that runs low on cash is a bank that contracts its balance sheet, and a bank flush with cash expands its balance sheet. The average cash-to-deposit ratio at banks thus hovers around a level 'safe, but not too conservative'. With a fixed monetary base, credit is not ever expanding.

This largely mirrors the way individuals and businesses manage their finances - with cash / bank deposits acting as a buffer between accounts payable and receivable at different times. The more uncertainly and the larger the transactions, the larger the cash buffer.
01-26-2015 07:58 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 4 users Like Phoenix's post:
Handsome Creepy Eel, Irenicus, Tactician, Built to Fade
Tactician Offline
Kingfisher
***

Posts: 562
Joined: Oct 2014
Reputation: 12
Post: #61
RE: Modern Economics is just one big scam
(07-08-2014 11:13 AM)scorpion Wrote:  Great thread. I am in full agreement that modern economics is essentially a vast pile of bullshit designed to obscure the fact that the monetary system is the underlying foundation of modern form of slavery. Usury and compound interest are simply tools for extracting the productive labor (wealth) of every person on the planet. The most amazing thing is that this is able to be done without either the knowledge or the consent of the vast, vast majority of people.

I have tried explaining how this works to a number of intelligent people, and of the few who actually did understand the implications of what I was saying, none of them could bear to discuss it any further because it was simply too depressing. It's literally like learning that you're living in the Matrix. Your freedom is an illusion and is entirely conditional on your ability to stockpile money and stay ahead of the taxes and inflation which constantly erode away at it.

It's just extremely sad that most people can't even comprehend a world without interest-money and debt slavery. There isn't even a recognition that things could and should be different. Modern economics is bullshit because it's built on the foundational lie that interest-based money is necessary for economic prosperity. And it's not. It's just a total fucking lie, and so everything built on that lie is necessarily a lie as well. It's a hulking edifice of bullshit.

Once you understand how this system works it's like seeing the world anew for the first time. And it truly is very depressing, because there is no escaping the monetary system. You can't even own land anymore, you must rent it from the government in the form of taxes. So you are forced to play their game one way or another, you are forced to participate in the slave system. You are forced to engage in productive labor for the benefit of those who extract interest on the money in your pocket.

The only way to get ahead in this system is to become wealthy enough that your passive investment income can pay for all your wants and needs, which requires years of hard work and saving or a great deal of luck. The vast majority of people will be consigned to a lifetime of drudgery and wage slavery, never able to get ahead. This is why I personally advocate a lifestyle that is high-earning and low-spending. Save and invest as much as possible into income-generating assets. Refuse the temptation to engage in consumerism and other wasteful spending. The shackles that enslave you are made of money, but paradoxically the key that unlocks them is made of money as well.

Basically, there are winners and losers with the current system, and the difference between the two is thus:

Losers = people who work for their money
Winners = people whose money works for them

Do everything you can to get yourself into the second category. Even then you can't fully escape the slave system of interest-based money, but you can at least make it work somewhat toward your advantage.

The modern economic and monetary system is basically a huge stampede of buffalo running behind the great mass of people, constantly forcing them to flee or get run over. The normal person has no reaction but to run as fast as he can. The smart man carefully prepares himself and bides his time for the perfect opportunity to jump astride one of the buffalo and saddle it. Then he's riding along with the stampede rather than being chased by it.

I caught myself using Scorpion's Stampede analogy recently and with all the talk about recessions or even economic collapse I think it's time to bump this thread.

I see more and more young people understanding that the Fed & Central banks are bullshit, but a lot of them don't realize the full implications of usury as there's a lot going on. I hope I can point out a few of them:

0. Wealth consists of services, skills, technological progress, Maple syrup, living in a village by the sea or a penthouse suite, driving a car, riding a bicycle, a delicious homecooked meal, and marrying a girl you love, etc. Wealth is NOT "money" as we know it, as money is just supposed to be a means of exchange which helps you get some of those things; an expedient to barter & trade. The entire Central Banking game is exchanging fake "money" created out of thin air for real things and behaviours. For example, a behavioural change is people with student loans feel pressure to not having kids. "Money" in its current form is a mass delusion.

1. Central Bank debt can never be repaid fully. This necessitates inflation (fresh loans) to introduce new money which can be used to pay interest. Without inflation, bankruptcies would occur whenever loans are due as long as interest is greater than 0%. The purpose of inflation is to allow for the continual payment of interest and the occasional collection of collateral.

2. Compound interest and growth acts as a carrot, while inflation acts as a stick. This causes 'smart' people looking to dodge inflation & enjoy growth to give up control of their money by placing it the stock market or similar where it is vulnerable to credit contractions and the like.*

3. Because both compound interest & inflation are unsustainable gorilla Math, I maintain that market crashes MUST happen to keep the majority of participants from realizing their gains. Their gains must be occasionally cut to bits so that they are forced to work so that they are the ones paying interest and creating wealth disproportionately for others. Note, technological gains are very much real and I'm not disparaging that. I'm saying that compound interest is only meaningful if someone else pays it so that relative wealth is disproportionate.

4. And that's it. As Scorpion said, in this system Losers = people who work for their money, Winners = people whose money works for them. Now, I'm not saying that a doctor or a mechanic is a "loser" in a social sense, far from it, it's just that they are having tons of value taken away from them through mortgage payments, taxes, and increased prices of goods, etc. People with jobs a little lower on the totem pole also have to deal with a ton of extra stress as bills pile up.

Note, while the above is all by consent (well, besides the wars and assasinations...), it is very hard for any single person to leave the fiat system by themselves because a single person doesn't have enough skills to go around + being self-sufficient is really hard work. A bit far reaching, but one explanation for the freak out over the Roosh meetups is that communities have network effects where skills branch out and fill in the gaps. Now, a RVF community couldn't produce the wealth available in the broader world, but the services and products we create could be traded to each other directly or through a private currency and without taxation. The funny thing is that a country could leave the fiat system and quickly gain wealth by backing their money supply directly & issuing money interest-free, although pretty soon this country would find itself embargoed and harassed by the outside world.

Anyway, I hope this bump is useful. I see usury posts here and there and it seems like a good idea to have a usury thread. Maybe Simeon_Strangelight got to me and I've gone crazyHuh. It's pretty hard to believe and a bit scary to think about, but it makes sense to me so far. Compound interest really is the eight wonder of the world Confused

p.s. If anyone has an alternative view or thinks I've make a mistake, I'd love to hear it as I'd rather NOT view our financial system this way.

If you're in the mood for a slower paced documentary, here's one about how Central Banking was used to financially take over Japan:




*I am not bad mouthing markets. They produce a ton of real wealth by allocating resources to productive companies. Trading various markets continues to benefit me greatly, but most people approach markets with a false sense of security & effectively give up control of their money without much to show for it.
03-19-2020 05:11 AM
Find all posts by this user Like Post Quote this message in a reply
[-] The following 5 users Like Tactician's post:
Handsome Creepy Eel, BoiBoi, NoMoreTO, scorpion, mbare
kamoz Offline
Woodpecker
**
Gold Member

Posts: 420
Joined: Nov 2015
Reputation: 7
Post: #62
RE: Modern Economics is just one big scam
(07-05-2014 05:58 AM)Simeon_Strangelight Wrote:  I predict that most Americans and Europeans will be on 100% welfare in 2-3 decades...

From back in 2014. This aged well, damn....
03-20-2020 12:19 AM
Find all posts by this user Like Post Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)

Contact Us | RooshV.com | Return to Top | Return to Content | Mobile Version | RSS Syndication