All Mortgages found to be Illegal Mortagee's signature creates the money.

[Bitcoinpro]

http://www.youtube.com/watch?v=u8g_tNimjEo

watch this video from start to finish and you should understand

this is a shifting in fundamentals and is related to Cryptocurrencies and money creation.

[Bitcoinpro]

the mortgagee creates the money by signing the mortgage

the money was never loaned

[tvbcof]

No flash on my computer so maybe I'll watch your vid later, but it sounds like it's pointing out that 'money is debt.'  That is something that a lot of people already know (or believe) and not especially a new thing.  It's just not part of a general curriculum for the masses...for obvious reasons.

I agree with Bernanke that gold (and bitcoins) are not money under the assumption that he was talking about modern monetary systems.  Gold (and bitcoins) are not debt and thus are not money.  I don't feel threatened or hurt by this concept.  I couldn't care less, and I see a lot to like about the situation frankly.  Bitcoin is proving very useful to me in obtaining protections and physical items that I want.

[Bitcoinpro]

No flash on my computer so maybe I'll watch your vid later, but it sounds like it's pointing out that 'money is debt.'  That is something that a lot of people already know (or believe) and not especially a new thing.  It's just not part of a general curriculum for the masses...for obvious reasons.

I agree with Bernanke that gold (and bitcoins) are not money under the assumption that he was talking about modern monetary systems.  Gold (and bitcoins) are not debt and thus are not money.  I don't feel threatened or hurt by this concept.  I couldn't care less, and I see a lot to like about the situation frankly.  Bitcoin is proving very useful to me in obtaining protections and physical items that I want.

LoL the money is debt was knowledge brought about by internet freedom,

your peddling it as some kind of common knowledge 




 

[Foxpup]

LoL the money is debt was knowledge brought about by internet freedom,

your peddling it as some kind of common knowledge 

It is common knowledge, and has been for a long time. This is the stuff you learn in Economics 101. Books about the subject are available for free in any public library. Anyone curious about what money is can easily learn about it without "Internet freedom". There's no excuse for not knowing about this.

[Bitcoinpro]

LoL the money is debt was knowledge brought about by internet freedom,

your peddling it as some kind of common knowledge 

It is common knowledge, and has been for a long time. This is the stuff you learn in Economics 101. Books about the subject are available for free in any public library. Anyone curious about what money is can easily learn about it without "Internet freedom". There's no excuse for not knowing about this.

Please provide the name to your text book as well. There is absolutely no excuse if you cannot provide me this information 

[knight22]

LoL the money is debt was knowledge brought about by internet freedom,

your peddling it as some kind of common knowledge 

It is common knowledge, and has been for a long time. This is the stuff you learn in Economics 101. Books about the subject are available for free in any public library. Anyone curious about what money is can easily learn about it without "Internet freedom". There's no excuse for not knowing about this.

Please provide the name to your text book as well. There is absolutely no excuse if you cannot provide me this information 

http://www.rayservers.com/images/ModernMoneyMechanics.pdf

You can also watch the vids in my signature

[adamstgBit]

LoL the money is debt was knowledge brought about by internet freedom,

your peddling it as some kind of common knowledge  

It is common knowledge, and has been for a long time. This is the stuff you learn in Economics 101. Books about the subject are available for free in any public library. Anyone curious about what money is can easily learn about it without "Internet freedom". There's no excuse for not knowing about this.

lets ask 100 poeple on the street where money comes from and have a lol.
its not common knowledge...
most poeple do not understand the money scheme of today, thats a fact.

[Bitcoinpro]

LoL the money is debt was knowledge brought about by internet freedom,

your peddling it as some kind of common knowledge 

It is common knowledge, and has been for a long time. This is the stuff you learn in Economics 101. Books about the subject are available for free in any public library. Anyone curious about what money is can easily learn about it without "Internet freedom". There's no excuse for not knowing about this.

Please provide the name to your text book as well. There is absolutely no excuse if you cannot provide me this information 

http://www.rayservers.com/images/ModernMoneyMechanics.pdf

You can also watch the vids in my signature

you posted the exact text Zeitgeist worked from, not a 101 text from a Library.

Zeitgeist Addendum - Modern Money Mechanics

http://www.youtube.com/watch?v=vm3DixfL9o0

[mccoyspace]

Here is a publication for kids by the Dallas Fed that contains the line
"As each loan is made, the money supply is expanded" which explicitly links debt and money.

Here's the link
http://www.dallasfed.org/assets/documents/educate/everyday/money.pdf
(the quote is from page 11 in the pdf)

It's not a big secret.

[Foxpup]

lets ask 100 poeple on the street where money comes from and have a lol.
its not common knowledge...
most poeple do not understand the money scheme of today, thats a fact.

If you ask 100 people on the street whether the moon can be seen during the day, even if you ask it on a day when the moon is currently visible to anyone who happens to look at the sky while answering your question, most of them will say no.
Common knowledge is surprisingly uncommon.
Most people are too damn stupid to see what's right in front of them, that's a fact.

[adamstgBit]

lets ask 100 poeple on the street where money comes from and have a lol.
its not common knowledge...
most poeple do not understand the money scheme of today, thats a fact.

If you ask 100 people on the street whether the moon can be seen during the day, even if you ask it on a day when the moon is currently visible to anyone who happens to look at the sky while answering your question, most of them will say no.
Common knowledge is surprisingly uncommon.
Most people are too damn stupid to see what's right in front of them, that's a fact.

lol!

i guess thats right.

[tk808]

lets ask 100 poeple on the street where money comes from and have a lol.
its not common knowledge...
most poeple do not understand the money scheme of today, thats a fact.

If you ask 100 people on the street whether the moon can be seen during the day, even if you ask it on a day when the moon is currently visible to anyone who happens to look at the sky while answering your question, most of them will say no.
Common knowledge is surprisingly uncommon.

Maybe i should google that

[ShireSilver]

Y'all should google "credit river decision".
http://en.wikipedia.org/wiki/First_National_Bank_of_Montgomery_v._Jerome_Daly

Daly based his defense on the argument that the bank had not actually loaned him any money but had simply created credit on its books. Daly argued that the bank had thus not given him anything of value and was not entitled to the property that secured the loan. The jury and the justice of the peace, Martin V. Mahoney, agreed with this argument. The jury returned a verdict for the defendant, and the Justice of the Peace declared that the mortgage was “null and void” and that the bank was not entitled to possession of the property.

[but importantly...]
However, the bank appealed the next day, and the decision was ultimately nullified on the grounds that a Justice of the Peace did not have the power to make such a ruling.

In other words, there might be truth to the idea, but the legal system isn't going to allow it.

[tvbcof]

No flash on my computer so maybe I'll watch your vid later, but it sounds like it's pointing out that 'money is debt.'  That is something that a lot of people already know (or believe) and not especially a new thing.  It's just not part of a general curriculum for the masses...for obvious reasons.

I agree with Bernanke that gold (and bitcoins) are not money under the assumption that he was talking about modern monetary systems.  Gold (and bitcoins) are not debt and thus are not money.  I don't feel threatened or hurt by this concept.  I couldn't care less, and I see a lot to like about the situation frankly.  Bitcoin is proving very useful to me in obtaining protections and physical items that I want.

LoL the money is debt was knowledge brought about by internet freedom,

your peddling it as some kind of common knowledge 
 

Didn't mean to.  If one in one thousand people understand this aspect of modern money, we still have 'a lot of people' by my definition.

I would hope and expect that the ratio of those who understand this aspect of modern monetary systems would be higher than average here on bitcointalk.org.  Indeed, my finding out about Bitcoin was very much a result of my having looked into monetary science years ago.  It is also why I see gold and Bitcoin as being very close to one another compared to most other monetary instruments.

The 'a lot' part is why I felt 2 years ago and why I feel now that Bitcoin has the potential to go sharply higher (both then and now) and why I took a non-trivial position back in the day.

Even if the current (say, 1/1000) 'a lot' produces a high number of individuals, a hell of a lot more will have their interest piqued in monetary science as their pensions disappear into the shadow banking black hole.  At that point 'a lot' will turn into 'a fuck-of-a-lot'.