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LondonFriendLondon (October 7, 2008 at 9:01 am)
0:45
Innovation and productivity, only happens if you promise to pay workers enough for them to get out of bed, every day.
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Othewise, for example: no one comes to clean the pool or walk the dog.
Cheers.
from,
del-boy.
juglord (October 7, 2008 at 12:54 am)
who ever came up this should be raped and killed
SocsMcSocrates (October 5, 2008 at 10:48 am)
Thanks for making/posting these videos, excellent summary of the subject. Many of the comments have their individual idealogical stance rapped up in them. This issue requires a pragmatic approach. These facts expose an inevitability, a warning, of the reality, not the ideology. Are we prepared for the inevitable or are we entangled in the system? Thanks again
Geschmolzen (October 4, 2008 at 2:18 pm)
Rejecting the fiat currency system is actually a very conservative ideology. Centeral banking was the centerpiece of the Marx ideology.
Geschmolzen (October 4, 2008 at 2:13 pm)
No, at the very least nationalize the FED.
Geschmolzen (October 4, 2008 at 2:12 pm)
A great example of the faux of keynsian economics. If you compare, in gold, our current national income average to the national income of 1920. We actually make around 20% less real money then they did.
BMHRO (October 3, 2008 at 3:17 am)
you call your selves advanced world. Do yourself a favor, and make a deep long search why the faith of Islam forbid the "interest" and how an Islamic financial system would lead the world to wealth and entirely erase poverty, because of the "zakah" considering interest is TABOO and total injustice.
tecmason (October 1, 2008 at 4:47 pm)
I think that the problem with allowing or legalizing "rapid growth unavailable with a gold standard" is that it is a misrepresented growth. The growth or higher standard of living given by Keynesian central planning is a misrepresentation of actual value in the economy. so while it is fun for a short time, eventually the market must "crash" to represent the actual amount of productivity and consumption. A fractional reserve system allows a misrepresentation of VALUE, which many consider unjust
pythag123 (October 1, 2008 at 1:19 am)
This surprises people? The system works well and its really old, it allows for rapid growth unavailable with a gold standard currency, we as people would be a lot less developed if it wasn't for this system. Back in ancient Sumer when someone became king they would sometimes wipe all debts (not just current ones but ones you've already faulted on, you'd get your stuff back including your family) there system of economy revolved around debt, everyone owed something to someone.
04gtstang (September 30, 2008 at 6:12 pm)
WOW..... |
