Recently, I found this five part series on YouTube.com that really explains how money and or debt is created out of thin air. I know this will take time to look at but once you see this I think it will change how you view your money and realize how big of a mess we are really in.
With this being the case it begs the question if another trillion dollars is created for this "bail out" how is this really long term going to solve the problem.
Let me be quick to say I don't necessarily agree with everything on the video or everything the person who put these videos out might subscribe too. However you have to admit it is still very interesting.
Edit: The period at the end was creating a bad link, my apologies and thanks for alerting me.
The silver [is] mine, and the gold [is] mine, saith the LORD of hosts. Hag 2:8 [/b] He created it. He controls it. He gave it to us for His use. Why did we turn from sound scriptural currency that PROTECTS us?
I have been telling everyone for a long time money is just debt.
The bailout isn't going to fix any problems. It is there to stop a depression. Look at the 3 month treasury yields last Thursday.
That is right they hit 0.02% yield. People we have major problems if the government doesn't do something. This could be so bad, that you don't want it to happen. We will all be screwed, and all your planning isn't going to matter much. Yea you might be less screwed than the average joe, but that isn't going to matter much.
-SWUSC
`Everybody is ignorant. Only on different subjects.' Will Rogers
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the "hidden" confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." Alan Greenspan, 1966.
How is money created... do you really know?
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Posted - 09/24/2008 : 08:57:30
