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Author Topic: Anybody who has not seen this movie should watch it tonight!  (Read 2251 times)
gigabytecoin
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July 20, 2011, 06:30:33 AM
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I am currently watching "Inside Job" by Matt Damon I think is the main narrator... it's perfect fodder for the bitcoin community!
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July 20, 2011, 06:43:05 AM
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Fantastic movie; been on a documentary binge lately. Unrelated to Bitcoin, but if you like documentaries you might like This Film is Not Yet Rated.
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July 20, 2011, 06:54:45 AM
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Fantastic movie; been on a documentary binge lately. Unrelated to Bitcoin, but if you like documentaries you might like This Film is Not Yet Rated.

Hey hey jakemates, the former css moderator for a few days at r/bitcoin, is that you?

I will check that one out as well thanks, I have heard a few references to it already so it's high time!
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July 20, 2011, 07:54:15 AM
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I've been on a documentary binge since the reddit post about the best ones  Grin

Most of them are so depressing though  Undecided

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July 21, 2011, 02:52:48 PM
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Watch Endgame and wake up to the World.
NghtRppr
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July 21, 2011, 03:39:29 PM
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I am currently watching "Inside Job" by Matt Damon I think is the main narrator... it's perfect fodder for the bitcoin community!

I heard it was just a bunch of BS about how we need more regulations because the ones that got us into that mess weren't enough and capitalism is based on greed, blah, blah. Is that an accurate description?
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July 22, 2011, 03:52:35 AM
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Reminds of Banks demanding Bailouts.

"The Bailouts made things worse", "Give us more Bailouts to fix the problem!".

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July 28, 2011, 02:37:54 AM
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I am currently watching "Inside Job" by Matt Damon I think is the main narrator... it's perfect fodder for the bitcoin community!

I heard it was just a bunch of BS about how we need more regulations because the ones that got us into that mess weren't enough and capitalism is based on greed, blah, blah. Is that an accurate description?

Pretty much.  I turned it off part of the way through because it was irritating me.  The premise I got from it was that the economic crises was caused by deregulation of the banks (they used Iceland as the beginning example).  Deregulation of the banks, is of course, equivalent to free market policies, therefore, free markets and capitalism are bad and more government oversight is needed.  I should probably finish the rest of it to be fair, but I don't really want to waste my time.

government sponsored oligarchies != the free market

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July 29, 2011, 01:44:47 PM
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Pretty much.  I turned it off part of the way through because it was irritating me.  The premise I got from it was that the economic crises was caused by deregulation of the banks (they used Iceland as the beginning example).  Deregulation of the banks, is of course, equivalent to free market policies, therefore, free markets and capitalism are bad and more government oversight is needed.  I should probably finish the rest of it to be fair, but I don't really want to waste my time.

government sponsored oligarchies != the free market



Exactly what is it that causes the emotional reaction you are describing?
The claim that the economic crisis was caused by deregulation (or not enough regulations) of the banks?

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July 29, 2011, 02:05:31 PM
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Deregulation certainly was the driving force behind the Iceland collapse...
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July 30, 2011, 01:20:13 AM
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Pretty much.  I turned it off part of the way through because it was irritating me.  The premise I got from it was that the economic crises was caused by deregulation of the banks (they used Iceland as the beginning example).  Deregulation of the banks, is of course, equivalent to free market policies, therefore, free markets and capitalism are bad and more government oversight is needed.  I should probably finish the rest of it to be fair, but I don't really want to waste my time.

government sponsored oligarchies != the free market



Exactly what is it that causes the emotional reaction you are describing?
The claim that the economic crisis was caused by deregulation (or not enough regulations) of the banks?

Yes, the deregulation caused the problem.  The solution is not more regulation, though, but rather abolishing the monopoly on money.  Let banks run competing currencies, or least put the United States back on the gold standard. 
TheGer
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July 30, 2011, 01:24:55 AM
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Yes lets let the Banks do things the way they want.  It's not like they caused the financial nightmare going on around the world.

Move along, nothing to see here...
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July 30, 2011, 01:35:11 AM
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least put the United States back on the gold standard.

lol

know why we went off?

know why no one is still on? even more libertarianesc countries?

so you would confiscate gold again? you know we werent allowed to own gold back then. How much gold has ever been mined?

are you sure you are for a gold standard or just against fiat currency?

mooo for rent
The Script
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July 30, 2011, 01:55:48 AM
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Yes lets let the Banks do things the way they want.  It's not like they caused the financial nightmare going on around the world.

Move along, nothing to see here...

They already do things they way they want.  The problem is, no one is allowed to compete with them.  So what are you saying?
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July 30, 2011, 01:57:18 AM
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least put the United States back on the gold standard.

lol

know why we went off?

know why no one is still on? even more libertarianesc countries?

so you would confiscate gold again? you know we werent allowed to own gold back then. How much gold has ever been mined?

are you sure you are for a gold standard or just against fiat currency?

Because bankers like to print and loan more money than they actually have in reserve? 
TheGer
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July 30, 2011, 02:02:23 AM
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^^ This

If a country is on the Gold Standard you can't just print money out of thin air like they do now.  there wouldn't be enough Gold to go around.  They had to get rid of it to pave the way for Banks to print money for nothing, loan it out, and get real assets back in return(wether it be real Dollars or confiscated assets via forclosures and other scams - See the Great Greek Island Giveaway).
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July 30, 2011, 04:03:10 AM
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so you would confiscate gold again? you know we werent allowed to own gold back then. How much gold has ever been mined?

See, this is what you get for believing state-approved history books.

The gold was confiscated after the switch to fiat started

Gold standard means that the bills are exchangeable for gold.

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The Script
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July 30, 2011, 05:50:44 AM
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^^ This

If a country is on the Gold Standard you can't just print money out of thin air like they do now.  there wouldn't be enough Gold to go around.  They had to get rid of it to pave the way for Banks to print money for nothing, loan it out, and get real assets back in return(wether it be real Dollars or confiscated assets via forclosures and other scams - See the Great Greek Island Giveaway).

Yes, this is why gold based currencies have historically been very stable. 
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July 30, 2011, 09:16:22 AM
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^^ This

If a country is on the Gold Standard you can't just print money out of thin air like they do now.  there wouldn't be enough Gold to go around.  They had to get rid of it to pave the way for Banks to print money for nothing, loan it out, and get real assets back in return(wether it be real Dollars or confiscated assets via forclosures and other scams - See the Great Greek Island Giveaway).

Yes, this is why gold based currencies have historically been very stable. 

...and also owned by a select handful of individuals and organizations, effectively making it useless as a circulating currency not only because of lack of availability, but extreme expense of even the smallest gold piece. The same people that created this problem own all the gold.

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myrkul
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July 30, 2011, 09:38:14 AM
 #20

^^ This

If a country is on the Gold Standard you can't just print money out of thin air like they do now.  there wouldn't be enough Gold to go around.  They had to get rid of it to pave the way for Banks to print money for nothing, loan it out, and get real assets back in return(wether it be real Dollars or confiscated assets via forclosures and other scams - See the Great Greek Island Giveaway).

Yes, this is why gold based currencies have historically been very stable. 

...and also owned by a select handful of individuals and organizations, effectively making it useless as a circulating currency not only because of lack of availability, but extreme expense of even the smallest gold piece. The same people that created this problem own all the gold.

Which is why silver and copper were used, as well.

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