Fiat money no value Videos

+iglwy Taking property that doesn’t belong to you helps debtors repay the interest on their debt? So in order for my neighbour to pay off his debts he has to steal my property? In other words, you support a system that swindles creditors by paying them off in money at less the purchasing power of the money they lend? The 1% are in the driving seat today because they have privileges from the state because they are the ones who get the new money first.Producers wouldn’t engage in an exchange with consumers if they were to ‘continuously’ sell their goods at a price which doesn’t benefit him as well. Trade only takes place if it benefits both parties in an exchange. Profitability is not determined by absolute pounds. Profitability is about margins which exist independent of prices, and what is lost in pound sales is gained in volume. Margins remain constant as costs and prices fall together. As falling prices result in increased sales, constant margins often lead to greater profitability. E.g. More TVs are sold at £300 apiece than are sold at £10,000. There is no evidence that people will stop spending as they anticipate cheaper prices. Computers, mobiles, cameras, and camcorders get cheaper all the time but continue to sell like hotcakes. And how can falling bread prices possibly be bad?Inflation is what causes the biggest and quickest transfer of wealth. Deflation restores purchasing power to money that has been inflated because the value of money is a function of its scarcity. Deflation is bad for those who profit only from inflation; it destroys essentially those companies and industries that live a parasitical existence at the expense of the rest of the economy, and which owe their existence to our present fiat money system. 

+stevenpaddybwoySome more bullshit from a know nothing. The US has $17 trillion government debt but the US has total assets to the value of $109 trillion. As for your idiotic Kotlikoff unfunded liabilities they will be easily covered by increased productivity. It will always take less and less population to pay for the retired pensioners. If the US were going bankrupt then how come the yield on treasuries is so low? You're a waste of time know nothing.

+iglwy With governments debts increasing along with social unpaid liabilities reaching multiple trillions and growth  nowhere near the levels needed to support the ponzi scheme do you REALLY REALLY believe your paper asset is safe? Its all going to end and you know it.Ill be waiting with my shiny metals for when it does. :D

+stevenpaddybwoyYou're young and inexperienced. Did you buy your gold in 1980 and then sold it in 2001? Did you buy at the $1700 peak and lost 34% last year. Silver was down 62%. Keiser is paid by the Russians and Russia doesn't have a gold standard. They're not going to commit suicide. That doesn't stop them from trying to fool you into taking poison.

+iglwy Its funny that believing what i believe has kept me far better of than your dogmatic fiat nonsense. My brother has the exact same job as me for the exact same time but he saved every penny in the bank whilst i bough GLDs and real gold. My wealth has increased whilst his fiat has been eroded continually without fail.You keep your paper and ill keep my gold.

+stevenpaddybwoyEven better still you can sell gold bars with tungsten cores. See if you get arrested or even found out. How much fake gold do you own, you derp???? LOL You're still stuck in fractional reserve la la land when money is endogenous and has been since 1971. Loans create deposits and not the other way round as what you think. Your knowledge base is based on watching a few YouTube videos. People like you are just brainwashed and a complete waste of time. Enjoy your poverty.

+iglwy "The government doesn't abuse the monetary system"Quote of the year.Governments having the ability to print fiat isnt abuse ? Im going to call the police and see if they are ok with me printing my own currency and see how long it takes them to come and arrest me for counterfeiting.

We live in a debt based monetary system. If there's no inflation how will debtors be able to pay the interest on principle? Without inflation the price of the goods you;re trying to sell along with your labour will be debased. then the 1% will really be in the driving seat. A deflationary collapse results in the biggest and quickest transfer of wealth.The government doesn't abuse the monetary system. Private commercial banks loan credit into the economy. Money is endogenous!  The 1% commercial banks own the government.If you lived in Pearl Harbour and the Japanese dropped bombs on you I'd like to see you inflate the money supply with Bitcoins. Ask Mount Gox to arrange the finance for airplane and tank production.

Bullshit post.Thanks

+stevenpaddybwoy Thanks.

Great post.