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Author Topic: Our crazy debt system.  (Read 2267 times)
CurbsideProphet
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March 19, 2014, 10:53:33 PM
 #21

Quote
That's their own words.  It should at least get the gears to start moving in their head.

Haha! You think they're thinking?
I think you're wrong.

I'm talking about his friend, not the Fed.

1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -- Satoshi
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conspirosphere.tk
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March 20, 2014, 05:17:26 AM
 #22

gov.support: We have bigger guns weener.

and looking at what happened to Saddam and Ghaddafi when they threatened to do business in other fiat coins, I wonder what bitcoiners can expect when they will be perceived as a threat to gov. fiat.
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March 20, 2014, 06:31:40 PM
 #23

I was curious to where money came from... I googled where does new money come from a year ago and a bit..  The red pill has flipped my view of everything upside down.

Do you guys think the game will come to an end?  I sure hope it does but I do feel horrible for people that thought food, shealter, water and security where worthless and that paper was something of extreme value.  A bunch of my frineds think I've lost my mind and refuse to believe the Bank of Canada, FED, etc are privately owned... Even better was when I was told "there is nothing to worry about america could just pay all it's debt off with gold!"

That was keyboards inside Banks are for....

Money comes form nothing and backed by nothing. Created and used as debt to enslave idiots into paying interest.

National debt - fake money from banks and public pays taxes to pay for the interest. Ever since i did business studies over 20 years ago, i'd asked all lecturers and so-called professors, "Why pay interest to the banks when the government can create the money and spend it without debt hence no interest." All replied, "Doesn't work like that", or something along those lines.

Debts and interest based on fiat money is the greatest scam of human mankind.

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CurbsideProphet
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March 20, 2014, 07:29:40 PM
 #24

I was curious to where money came from... I googled where does new money come from a year ago and a bit..  The red pill has flipped my view of everything upside down.

Do you guys think the game will come to an end?  I sure hope it does but I do feel horrible for people that thought food, shealter, water and security where worthless and that paper was something of extreme value.  A bunch of my frineds think I've lost my mind and refuse to believe the Bank of Canada, FED, etc are privately owned... Even better was when I was told "there is nothing to worry about america could just pay all it's debt off with gold!"

That was keyboards inside Banks are for....

Money comes form nothing and backed by nothing. Created and used as debt to enslave idiots into paying interest.

National debt - fake money from banks and public pays taxes to pay for the interest. Ever since i did business studies over 20 years ago, i'd asked all lecturers and so-called professors, "Why pay interest to the banks when the government can create the money and spend it without debt hence no interest." All replied, "Doesn't work like that", or something along those lines.

Debts and interest based on fiat money is the greatest scam of human mankind.

You're confusing a singular business entity with government policy.  Your professors should have told you that you pay interest because a bank makes its profit on the spread between what it lends out vs what it pays depositors.  You do realize banks pay taxes too right?

The problem isn't with money creation, the problem is with irresponsible money creation, which is what we currently have.  Businesses and consumers are hooked on debt and cheap debt at that.  It's the duty of each individual nation to address this, not singular for-profit businesses.

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March 20, 2014, 08:18:44 PM
 #25

gov.support: We have bigger guns weener.

and looking at what happened to Saddam and Ghaddafi when they threatened to do business in other fiat coins, I wonder what bitcoiners can expect when they will be perceived as a threat to gov. fiat.

Yup.

Saddam: I will sell oil for EUR.
Uncle Sam: No you won't, wanna bet?

Ghaddafi: I will create an islamic currency based on gold and sell oil for that.
Uncle Sam: No you won't, wanna bet?

Both of them deserved their fate, they were demonically evil dictators, but that was perfectly fine for Uncle Sam. You can kill and torture as long as you do it with USD.

What a wonderful world.... Sad

Truth is the new hatespeech.
theecoinomist
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March 20, 2014, 11:54:54 PM
 #26

I think Japan will be the country to pop this time..

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March 21, 2014, 03:29:12 AM
 #27

I think Japan will be the country to pop this time..

China seems to be rolling over pretty fast right now.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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