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Money is Debt: Addendum (Video 2:03)

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December 30, 2008 – Comments (2)

I think it is important of you are in this game, you should understand this basic concept.

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#1) On December 30, 2008 at 2:41 AM, HansHauge (33.94) wrote:

Abit - Interesting video, but I have a few thoughts and comments.

1. If the economic system is like a game of musical chairs, where one person loses because there are not enough seats; musn't we conclude that the weakest member is the one who gets eliminated? And of course as a follow up, isn't that good for the herd?

2. Aboloshing the fed could create an economy where we have actual limits - Take the gold standard. We can't bailout every failed enterprise because there's not any real money to do so. Debt turning into currency is a mask for terrible corruption. And who would invest in a company with poor prospects of repayment and terrible corporate practices...Oh yeah the US tax payer!!!!

3. What are the requirements to start a bank? That seems to be the only way to make obscene ammounts of cash.

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#2) On December 30, 2008 at 3:48 PM, djemonk (< 20) wrote:

Nice.  Although I didn't realize it was "two hours and three minutes" and not "two minutes and three seconds" until I started watching it. 

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