Biggest Scam Ever!!

[molecular]

Macroeconomic is something pretty complex because the root scam of this system makes it unstable by nature and a lot is done trying to stabilize it in vain. The power of creating money out of thin air is not something we should have gave to a group of people staying in shadow and this is the worst error of mankind. If you now read on the matter (macroeconomic) with this new information in mind, you will surely understand a lot more than before.

BTW, don’t hesitate to show these videos to all your friend, family, coworker, etc.  When all people will be aware of this hoax, then we will stop being screw up.

some people have trouble believing it or are reluctant for other reasons.

[knight22]

If people don’t want to believe, show them the “Modern Money Mechanics” written by the Federal Reserve Bank itself (free of copyrights on Google). It describes in detail the mechanics of money creation. It’s not a mater of believe or not, it’s a mater of facts.

[circuitloss]

It's not a matter of belief at all. Fractional Reserve Banking works more or less exactly as described in the first video. The question is whether or not FRB is inherently "bad" or not. Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)

A FRB model coupled with Keynesian policies has been successful at minimizing the effects of major recessions and depressions. I find the Fractional Reserve system to be quite disconcerting, but I'm not certain that it's necessarily doomed for collapse.

Bitcoin is interesting precisely because it's neither a fiat currency nor a commodity. It's something new...

[knight22]

It's not a matter of belief at all. Fractional Reserve Banking works more or less exactly as described in the first video. The question is whether or not FRB is inherently "bad" or not. Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)

A FRB model coupled with Keynesian policies has been successful at minimizing the effects of major recessions and depressions. I find the Fractional Reserve system to be quite disconcerting, but I'm not certain that it's necessarily doomed for collapse.

Bitcoin is interesting precisely because it's neither a fiat currency nor a commodity. It's something new...

A system that steal population money like the FED is nothing else than a parasite that must be ripped off. This is obviously bad and nothing good can come out of if for the society. Money shouldn't represent any dept at all.

[Phinnaeus Gage]

how many years did it take the internet to become mainstream? it wasent all that long ago connecting to the internet was too complicated for most people.

maybe not perfectly analogous but i think there are some parallels

I believe it's a perfect analogy, for look where we are now--the smartphone has replaced more often than not: the watch; the laptop; the iPod; the day-runner; the physical wallet (to some); etc. I'm sure I've left some items off the list, but you get the gist. About a dozen years ago, guys were jacking-off while viewing their computers via dial-ups. Now they can do it while donning trenchcoats riding the train home via a Samsung Galaxy II. Got to go. My stop is fast approaching and I need to...EXCUSE ME LADY! WHAT THE FUCK ARE YOU LOOKING AT!

~Bruno and Cackling Bear~

[molecular]

Advocates of the Gold Standard should remember that there are disadvantages to that model as well and there were some sound reasons it was given up. (Such as artificially capping economic growth based solely on the supply of currency.)

That's a myth. Any amount of money can support any size economy. Prices will simply adjust (downwards, in a "non-bad" deflation). Detlev Schlichter describes this very well in his book "The paper money collapse"

[knight22]

I deeply hope bitcoin will kill the banks

[molecular]

I deeply hope bitcoin will kill the banks...

...severly shrink the governments

[knight22]

Banks are the root cause of the problem, not the government even if they work tor them.

[bitdragon]

it is up to each one of us to do what we can today and every day to make manifest our deep desires like having a sound, supportive and productive economic system in favour of the individual human being.
the fraud of money as debt has brought us together around Bitcoin, to some degree at least, and for that I am deeply grateful.

[knight22]

you are absolutely right!

[knight22]

You can watch this one too.. shorter and funnier

http://www.youtube.com/watch?v=k6zpfE7WjHI

Don't forget to watch this one!

[baybiz]

I'm thinking bitcoin gold silver guns ammo and food looks like a good place to put your dollar savings

[knight22]

Hurry up before the FED will buy all the gold in the market with the "Money for gold" stuffs

[Febus]

The government is corrupt in my mine, they are the biggest legal "thieves" this world has.

[knight22]

The government is corrupt in my mine, they are the biggest legal "thieves" this world has.

You misunderstand a thing. The real biggest legal thieves are in fact the central banks and the whole banking system. The government is only their corrupted puppets…

[PaulBx9]

That said, it seems like Keynesian economics have been pretty successful over the past century.

Successful for whom? The ruling class and its cronies. Not so much for the rest of us.

[knight22]

That said, it seems like Keynesian economics have been pretty successful over the past century.

Successful for whom? The ruling class and its cronies. Not so much for the rest of us.

That's for sure

[RoboGoosinator]

That said, it seems like Keynesian economics have been pretty successful over the past century. I'm not sure how all this macroeconomic policy really plays out on the national level....

Yeah, but more like the way stimulant drugs help you get things done. Takes more and more each time just to stay level, and the public sure doesn't want to hear that the economy is not growing. Hard to say whether they've been successful, the long run has not been played out. I've come to more of an Austrian bent over the past few years, so less believing that aggregate behavior manipulation of macro policies are possible. 

[knight22]

The truth will free us all