I have watch numerous videos and agree with you, mainly to learn about hyperinflation.  The population has adjusted to the high inflation.  Despite this there does seem to be something exciting in the air.  I am just surprised with so much deception how they keep getting elected.

http://www.huffingtonpost.com/2013/05/08/cristina-fernandez-de-kirchner-popularity_n_3231726.html

I just saw this article but what caught my eye was the government actually has the power to force you use Argentine Pesos.  At least they try.  So Argentines put their money in the dollar, which itself is a corrupt horrible currency.  Then that is not bad enough, they want to force the residents to give up the cash to buy pesos.  Basically this scene is worse than can be imagined in a Ayn Rand fiction novel.  Then they want you to buy bonds at 4%, while inflation is at 30%.  All this seems to be coming to the United Sates if the tea loses the house.

Anyone live there?  Despite this she was elected with a massive majority? Why?  Do you like her?

Vote the tea ticket!  Sell the schools and fire the teachers.

Yes, there will always be 21,000,000 BTC as money with no debt.  The reality is M1, M2 is not money, it is checkbook money.  The people of Cyprus found out it is not money.  However, our banks are FDIC insured, thus the government will most likely print money if it has to.

You can have money without debt.
You can have an economy without debt.  
You can have businesses without debt.

I argue the economy and businesses will be better off without banking debt.  If you buy shares in asicminer, you are buying equity. However in reality you are giving your money to someone else.

Hope I understood the post.

The base money is the only true money, M0.  M1 is checkbook money that acts like money.
M0 is the money at the federal reserve held as reserves, printed dollars at banks, and currency and coins in circulation.  M0 use to be really small.

* You have 300 BTC and deposit it in a bitcoin bank
* they keep 30 on reserve and loan out 270 BTC
* this 270 ends up at another BTC bank
* they keep 27 and loan out the rest, ...

There will be fractional reserve banking.  However, the point is you don't have to participate.  Everyone has their own bank, their bitcoin account.  The idea the economy needs debt to function is just propaganda of the debtors, politicians, and banks.  Apple Computer and hundreds of other companies grew at 30% per year with no debt.   In fact the country would be much better off with no debt.  Imagine if CCMO was not able to deduct debt interest?  This is one of those fraudulent private equity debt transactions.  They load it up with debt and then since debt is repaid before corporate income tax it is beneficial to them as the total debt repayment is less than the inflation rate.  CCMO use to pay taxes to the government, as result of Bain adding debt they now receive tax money.  If their depreciation deductions stops they go broke.  However, if they had no debt they would be paying massive taxes and dividends to shareholders.

If you want to loan money to someone else do it.  I don't need a semi-retarded banker to loan my BTC to his buddies and be forced to bail him out when the bank ultimately crumbles.  I don't need auditors give phoney assessments to houses so people can pull money out of them.

In summary there is no fdic bailouts, no fed talp or tarp BS, no 0% discount indow loans to their banking buddies.  Thus, if you give you hard earned BTC to a bank, like pirate passthrough bonds, goodluck with your investment.  BTW, you will earn far more real value in your BTC account than any bank has paid in the last 50 years.  To put money in a bank today loses money a 5% annually.  If you want to make aloan, why not start with a bond or equity investment?

Warren Buffett has little money in bank accounts or treasury bonds why?  Because the are crap investments!

6% dividend of what?  revenues or profits?  I am really surprised no one has asked for a complete shareholder list and dividends payments per share.  furthermore, reading online, many of these shareholders might be outside the United States, which is a really strange concept.  Furthermore the Rothchilds might be the largest shareholder, which is rather strange since the made their original fortune selling soldiers to fight for the British in the revolutionary war.

1) none of the above.  Individuals put money in banks or mutual funds.  If nobody put money in banks, they would have no money to loan.  As shown in Cyprus, a checking account really is not money.  you are a creditor to a bank.  If things get bad they may only give you 75c on the dollar.  The problem is the government in the United States insures deposits.

2) Federal Reserve

3) All of the above.  The congress wanted an income tax to give them more power to run wars, more pay, give out more goodies for votes, ...

4) A, B, and C  Bernanke wages are part of the expenses and profits of the fed.  The Federal Reserve shows a profit and does not cost taxpayers anything.  94% of the profits go to the treasury.  The federal reserve buys federal bonds and mortgages and the interest is sent to the government.

http://www.huffingtonpost.com/2013/03/15/federal-reserve-record-profit_n_2884366.html

A. may also be incorrect as the taxes and personal income taxes from these member banks may exceed their profits.   Thus they are net taxpayers and the treasury gets it all.

If you look at the history we are very close to the U.S. dollar losing 99% of its value.  A shave and a haircut 2 bits.  That is 25 cents.  25c = $25. At least we are not the Russian Ruble that has lost 10 to the -14 of its value. 

What about i0c it should be a top 20 coin.

$10 trillion in printed money
$10 trillion in goods (wood, paper, clothing)

The fallacy is a printed dollar is the same as a worked dollar.
The a printed dollar only steals value from a worked dollar, since there is no work or goods behind a printed dollar.

X of $ = total goods
(Y of p$ + X of $) = total goods
since $p and $ are indistingushable, the are both $
(Y of $ + X of $) = total goods
(Y+X) of $ = total goods

This is a counterfeit policy.  If someone counterfeits a $100 and spends it in the economy what harm did it do?  According to you nothing as all the dollars remain the same price.  The reality is that value of the total supply of goods was weakened by $100.

Maybe each state (Alaska, California) should have their own currency?

The states with the gold currency will be most prosperous!!!  Although in the proper hands and slight inflation might be a good way to collect a tax without paperwork or without paying for irs agents


====

Now according to you you say what if people worked at the same wage for the printed dollars adding to the value of money?   The problem is

value of printed dollars > value of work for those dollars.

I really think the oil lobby has used hidden propaganda to really put a lot of hatred and green envy out there.  Despite the fact for every Prius or electric car on the road makes oil prices cheaper as it reduces oil demand.

The money the bank loans us is still below the rate of inflation.  If you can get credit at 3%,  You can invest that money in commodities and show a profit after 30 years.   Who is really losing the most?  The bank depositors and savers.  Thus I give the documentary a C, because it is misleading.

Yellen is a joke she is an easy money piece of trash.  Cheap money will destroy the world - Marc Faber.  Cheap money will destroy the World - Karl Denninger.   What right does Yellen have to go into my wallet and take my money out and give it to a rich guy or a bank?  That is her policy.

The difficulty dropped last year that led to the boom.  in 3 years there will be another rally when the difficuly again drops and bitcoin becomes a real low inflation currency.

It will not default, amendment 14 requires the debt and retirement checks be paid first.  The government still takes in $240 billion a month and the interest payments are like $9 billion a month.  Obama and the democrats are trying to trick you.  The only way it will default if Obama fails to cut or reduce the pay of federal employees.  A girl Meg Whitman was able to fire 15,000 employees, can Obama man up?

I watched the moneymasters and even debated with Still on subjects via his forum.  However, a currency should represent a unit of work or a man-hour.  Thus a commodity probably best represents that.

But that was in the past, you are now in the present.  If you cut down a tree and made boards, those boards may now be rotten.

No, i don't think government should be involved in currency, the dollar, euro, ruble should be destroyed.

Ripple is a scam.  What if ripple.com stole your password and took all your xrps out of your account.  Why can't everybody be a node?  xrps are centralized, even worse if they took your xrps you would have no proof they took them.  i do like the idea of a ledger, but that can occur on the bitcoin decentralized network, the ledger can be updated at a checkpoint and the old  blockchain deleted.

The purpose of a currency is to act as a medium of trade thus you can exchange chickens for wood and wood for flour and flour for a cart and a cart for a plate and a plate for  sword.  

But the problem with all this wealth is that chickens die, wood rots, flour spoils, carts decompose, plates break, and a sword rusts.  All the wealth of the 1800s is basically gone.  Yet if you held the medium of exchange you can use it like it was in the 1800s.

Maybe government inflating a currency at 1%, 2%, 3%, 4% as a tax would be good for the economy?  It would force you to do something productive?

I0C - 90 sec per block, retarget every 120 blocks or every 3 hours, 960 a day                  
Date   Block   Coins   Inflation   Reward   Coins per day   
12/11/11   150639   7230672   233%   48   46080   
2/20/12   218799   10500000   80%   24   23040   
9/30/12   437339   15750000   27%   12   11520   
5/12/13   656859   18375000   11%   6   5760   
12/21/13   875399   19687500   5%   3   2880   
8/1/14   1093939   20343750   3%   1.5   1440   
3/12/15   1312479   20671875   1%   0.75   720   

I made the above table over a year ago.  According to Vircurex we are at block 901213.

Thus the block reward should be 3 and we now have a coin with less annual inflation than the U.S. dollar.  Note, the dates are wrong because the coin stopped for awhile. Can someone confirm that the block reward is 3?

I sent 5500.  500 for being late.