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Author Topic: The American Dream  (Read 1358 times)
cadillac
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May 30, 2011, 05:37:30 PM
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Wow is this relevent.  We need bitcoin!  http://www.youtube.com/watch?v=9YI6hcz4AGs&feature=player_embedded#at=1716
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benjamindees
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May 30, 2011, 06:58:20 PM
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Did you mean to link to the credits?

Civil Liberty Through Complex Mathematics
cadillac
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May 30, 2011, 09:13:19 PM
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Sorry, I have no idea why it is doing that - just drag it back.
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May 30, 2011, 10:07:26 PM
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delete "#at=1716" at the end of the link
cadillac
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May 30, 2011, 10:59:58 PM
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Thanks!  Take it from the top ... http://www.youtube.com/watch?v=9YI6hcz4AGs&feature=player_embedded
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May 31, 2011, 12:11:27 AM
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Bookmarked: I'll try to find time for this, thanks.   Smiley

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May 31, 2011, 01:04:07 AM
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Thanks.  Not much new to me, but there were a few things.  I shared it on Facebook though.  It's one of the best introductions I've seen.

As we slide down the banister of life, this is just another splinter in our ass.
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May 31, 2011, 01:56:52 AM
 #8

Entertaining video, but there are some economic flaws in it. For example, the fact that all money is "created from debt" does not mean that humanity is in perpetual debt due to this system. The movie says that there will always be "more debt than money," but it forgets that each dollar of money can and will pay back multiple dollars-worth of debt. So, even if there is $1 trillion dollars in the economy, and $10 trillion in cumulative debt, each dollar need only be traded ten times to pay off all the debt.

As dollars circulate in trade, all debt can be repaid without a requirement of further dollars being printed.

There is thus no "debt-slavery," though many of these hyper-propaganda films portray such. They should focus on the true evil, which is the inflation itself. The fact that many people are stupid and take out loans they can't pay back is perhaps sad, but not evil or malicious.

Before I get flammed, let me disclaim that I'm as anti-fed and anti-government as anyone here. But, if you're going to critique the status-quo, it should be for valid reasons, as opposed to sensational fallacies.
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May 31, 2011, 02:15:22 AM
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Entertaining video, but there are some economic flaws in it. For example, the fact that all money is "created from debt" does not mean that humanity is in perpetual debt due to this system. The movie says that there will always be "more debt than money," but it forgets that each dollar of money can and will pay back multiple dollars-worth of debt. So, even if there is $1 trillion dollars in the economy, and $10 trillion in cumulative debt, each dollar need only be traded ten times to pay off all the debt.

As dollars circulate in trade, all debt can be repaid without a requirement of further dollars being printed.

There is thus no "debt-slavery," though many of these hyper-propaganda films portray such. They should focus on the true evil, which is the inflation itself. The fact that many people are stupid and take out loans they can't pay back is perhaps sad, but not evil or malicious.

Before I get flammed, let me disclaim that I'm as anti-fed and anti-government as anyone here. But, if you're going to critique the status-quo, it should be for valid reasons, as opposed to sensational fallacies.

But can all debt be paid off at once?  There are ordering requirements.  That's where the "slavery" analogy comes in.  A little dramatic if you ask me..  It may help help to stimulate the velocity of money though.  I'm not sure, I am not an economist.

As we slide down the banister of life, this is just another splinter in our ass.
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May 31, 2011, 12:51:50 PM
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While I'm going to read and appreciate all the criticisms, this was a true piece of propagandist art.

Even if I didn't appreciate the message, which I did, I enjoy the quality (as I do Leni Riefenstahl).
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