[Paisley]

Originally Posted by Tietäjä

No, I disagree with this view. I've tried to discuss it, but it seems we will wind up disagreeing - I could, as I said, link an infinite amount of academic discussion about it but it's a vanity since (technically understandably) we will both have our citations and arguments, and we will neither believe the others'. And whilst I'd find economic theory and academia more reliable a source, you will find youtube videos and blogs more so - it's something that cannot truly be contested either way.

Wouldn't it be best to find out the truth then to continue to be deceived? someone has to be wrong, either the federal reserve prints money out as debt with interest or it doesn't. (We already know that the Federal reserve has a monopoly on the US $)
Yet the Federal reserve hasn't been fully audited (which would settle this beyond doubt) and it isn't for the lack of trying I.E. Ron Paul's HR 1207.

however go back and study history.
You have to ask Why Old hickory/Andrew Jackson was the only US president to pay off america's national debt?
I love this quote... "You are a den of vipers and thieves. I have determined to rout you out and, by the Eternal, I will rout you out!"

Originally Posted by Tietäjä

No. I'll assume it's another internet conspiracy theory thing. Someone was near-assassinated or assassinated? Western politicians are so uncivilized with their paramilitary intelligence stunts.

Just follow the quotes of dead men and newspaper prints of yesteryear.

Originally Posted by Tietäjä

I mentioned credit agencies yes. But in the same fashion that I do not consider democracy being inherently evil because there is a widespread corruption in say, Russian system (despite it being a "democracy"), I do not believe the monetary system is a failure because it attracts corruption. More so, I believe a lot of problems could be resolved simply by combating this corruption. I retain my original statement: if there's an infected sore in your hand, it's better to treat it rather than chopping the entire arm off.

It is Funny how democracy is pushed for in Iraqi and Afghanistan but not Libya. (this is going off the issue)

Back to the hand Analogy ... what happens when the hand has gangreen because it has been left so long untreated?
In the case of America public with the federal reserve and being fully audited... The doctor isn't able to fully examine the patient due to Hospital policy.

Originally Posted by Tietäjä

Iceland's regime's brave idiocy in terms of allowing the banking sector to expand through nonsense-leverage is also to be commended, and is one of the key factors that lead to their grief. Hindsight will find, in addition to the "bankers are cheaters" -stories of Iceland a posteriori, also infinite amounts of a priori stuff about how the Icelandic tigers are going to beat the world and how Icelandic banking system is something to worship. Here we go, for example.

Don't believe the hype was Grimsson's (icelandic President) take on the credit rating agencies.
Credit agencies cater to the large financial institutions.
Refering back to the example of the 1920's boom and 1929 crash and the repercussions of 1933.
You prop it up / overvalue it, you crash it and then you buy it up for a fraction of the cost. (Yes that old chestnut)
that was no different to to iceland privatising the banks circa 2003, got a whole load of foreign investment, then a designed crash of the economy 2008 and now the attempt to buy iceland at the fraction of the cost... the difference is that the Icelandic people aren't allowing this without resistance.

Originally Posted by Tietäjä

Ironic, isn't it? Give or take a year or two, and the same people end up hating what they used to love and worship. Commendable, perhaps. Ignorant, arrogant, and foolish, definitely.

Depends on whether the IMF / Eurozone can Ensnare Iceland in an unpayable loan (to pay the debt of the collasped private banks) or not and it isn't through the lack of trying as testament to the Icelandic public referendums.
Refer to Why Iceland Should Be in the News, But Is Not'

Originally Posted by Tietäjä

Here's what I think about ponzi schemes: they're only possible when a) the population is too uneducated and gullible and/or b) the supervision shares the population's problems. Again, I emphasize: an incorruptible system does not exist. Corruption causes systemic problems, and is a great cause of such, and should be fought at all costs. However, a system isn't inherently flawed simply because corruption happens in it. If this would be the case, we could happily shoot down all systems. I've seen many attempts to put communism or socialism or whatever you want to call it, into practise, and all of them have been equally if not more corrupt than democracies and monetary systems at large.

a) Why isn't basic monetary theory taught at schools? since everyone will have to use money
b) Joseph kennedys role in the SEC I.E. the fox guarding the hen house. (famous analogy just use a search engine)
He beats the system and then gets the Role of protector.

Originally Posted by Tietäjä

I can remember some vague idea from one of your videos where the government would only issue some happiness-coupon related currency backed up in gold or something, for purposeful projects. Hello? Are we here? We're expecting the same government that gets turbo-lobbied by Wall Street and other folks to be able to pull that off without being ****dumb at it? Seriously? Yes sure.

It certainly wasn't Bill Still's the money masters otherwise you would know about Lincoln's Greenbacks.
I checked to see if it was Paul Grignon's Money as debt I got a transcript
of it and pressed ctrl and f and put in happiness and then coupon with ZERO results.

Why do you think the Pressitutes are ignoring / attacking the Likes of Ron Paul who are calling out for a full audit of the fed and the money trail of the loans made to wall street ... Only possible through no full audits/accountability.

Originally Posted by Tietäjä

Yes. Corruption is a problem with that too, I'm well aware of say a certain Hank Paulson Jr. It's not exactly news.

It's more than just him alone I haven't finished looking into it but 1 possibility at this point is that Goldman Sachs want to be that 1 world bank that the vatican is calling out for http://www.reuters.com/article/2011/...45887020111024

I am open to other explanations.

Originally Posted by Tietäjä

Yes, it most likely is a question of when: I predict the people to get buttraped the hardest in the first wave will be those who took a mortgage, and believed that a) the interest rates will never rise due to financial situation so they can handle interest payments no matter what, and/or b) they will never get unemployed or sacked because they are simply so good*, and/or c) should one or two of the previous happen, they can always sell their house on profit because they got it so cheap and face it, housing prices must always go up. I mean, stupidity IS expensive isn't it. Nobody's forcing you to make these choices: all the education on it is freely available on the internet, there is tons of economic research in places like econpapers and syndicate, in addition to the youtube videos (the good, the bad, and the conspiracy ones).

If you really don't get it, then you can mostly blame yourself.

I am saying that the above paragraph just doesn't cut it alone for a satisfactory answer.