West Coast Connection Forum
Lifestyle => Train of Thought => Topic started by: jeromechickenbone on June 10, 2007, 10:24:21 PM
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http://video.google.de/videoplay?docid=-9050474362583451279
Everybody in this forum needs to watch this and understand it. If you have to watch certain parts 10x, it's worth it.
My title might sound like a bunch of bullshit that you either A)Couldn't care less about, or B)Couldn't begin to understand, so why try?
I'm telling you guys that this vid is excellent at breaking everything down in a very simplistic manner. Gain some knowledge.
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The link doesn't take me to a specific video.
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The link doesn't take me to a specific video.
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There's some questions I've always had about economics and nobody has been able to give me a sufficient answer on them. I'll post them here.
1. Everyone always makes the a billionaire is wasting money on a billion dollar house when he could be feeding the poor. My question is.. Is the money really WASTED? Because doesn't that money go to the biulders of the home, the decorators, the people that gather the wood for the home, etc., etc., etc... and then those people go out and spend that money on other things, and on and on, the money keeps getting filtered back into the economy and other people's pockets and maybe someone that would have been poor and without a job instead has a job pouring concrete for the home?
2. My other question is, why do black people talk about going to college as the solution for all their problems. Because, hypothetically, from an economic standpoint, just because everyone goes to colege doesn't mean they'll have jobs for all those people right?
3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
^^^ Anybody want to try and answer those questions for me.
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It depends doesn't it, if the building company is part of a much bigger group, then the money is going to filter mostly into the hands of the owners and a fraction of it filters through into the hands of the builders, who can then in turn spend the money perhaps locally. As for your question about black people, well nevermind black people, people in general, yes your absolutely right, people think by attaining the necessary skills and qualifications that it opens up a wide world of prosperity, but the the reality is if everyone is gunning for particular areas, i.e. accountancy, business studies etc, then ultimately you still have a problem with capacity, there are after all only so many service sector jobs. What is really the long term killer, is the massive leakages which are not witnessed when business after business oursources it's manufacturing, this is why China and India are growing so rapidly.
I can not answer that question without knowing the statistics for the United States but I can answer that question in terms of the UK, from official government figures there are about 1.2 million jobs vacant at the moment, however when you factor in those whose savings exceed 16.000 and those who incapacitated and those who are currently undergoing some form of job training so they are omitted from the UK unemployment lists, the figure stands at somewhere around 6.1 million, so on that basis, it's more than reasonable to say yes that is correct not everyone can have a job.
However if you think about the fact that in this country over 90% of the wealth is held by 1% of the population, then clearly this tells you that the wealth is not being spent freely. It is problematic I grant you, because I am not in favour of this socialistic ideology of redistributing wealth because that simply means big government which comes with it's own set of problems, namely inefficiencies with the best of intentions, or just rampant corruption and centralising of power and wealth further.
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There's some questions I've always had about economics and nobody has been able to give me a sufficient answer on them. I'll post them here.
1. Everyone always makes the a billionaire is wasting money on a billion dollar house when he could be feeding the poor. My question is.. Is the money really WASTED? Because doesn't that money go to the biulders of the home, the decorators, the people that gather the wood for the home, etc., etc., etc... and then those people go out and spend that money on other things, and on and on, the money keeps getting filtered back into the economy and other people's pockets and maybe someone that would have been poor and without a job instead has a job pouring concrete for the home?
no it's not wasted, it is tayloring to every persons wants and needs.
why would someone work so hard to become a billionaire, not to live a billionaires life?
there would be no point, thats why communism would never work.
also dont forget a large portion of a billionaires income is taxed, that is transferred to the poorer sector of the economy.
2. My other question is, why do black people talk about going to college as the solution for all their problems. Because, hypothetically, from an economic standpoint, just because everyone goes to colege doesn't mean they'll have jobs for all those people right?
not only does education benefit the person in college, it also benefits society.
I think a graduate has higher chances of finding work than someone without an education.
3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
^^^ Anybody want to try and answer those questions for me.
i cant think of any pure capitalist economies. but if a market is at 100% efficiency everyone can have a job, things like removing minimum wage would help.
here in Western Australia we have 2.5% unemployment, thats pretty damn close to full employment.
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My bad homies, shit is fixed now.
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1. Everyone always makes the a billionaire is wasting money on a billion dollar house when he could be feeding the poor. My question is.. Is the money really WASTED? Because doesn't that money go to the biulders of the home, the decorators, the people that gather the wood for the home, etc., etc., etc... and then those people go out and spend that money on other things, and on and on, the money keeps getting filtered back into the economy and other people's pockets and maybe someone that would have been poor and without a job instead has a job pouring concrete for the home?
Good point. And in a lot of cases this is the absolute truth. Plus the tax thing that Cheirf said. The problem is most billionaires tend to make other rich people richer. Not the construction workers etc. They don't recruit the small businesses or the struggling ones. They go to the large, successful ones. At the least it balances out.
2. My other question is, why do black people talk about going to college as the solution for all their problems. Because, hypothetically, from an economic standpoint, just because everyone goes to colege doesn't mean they'll have jobs for all those people right?
It's simple statistics homie. If you go to college you will make a lot more money then if you don't. I don't approve people thinking that if they go to college it is the only way of being successful. I can probably live quite comfortably without going to college through my everyday hustle, but I've determined for me personally, I'm better off in college.
3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
Correct.
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3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
Correct.
i disagree, if every person is willing and able to work, they could. here in australia the government provides work for those on welfare who are able to work, but cannot find it.
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1. Everyone always makes the a billionaire is wasting money on a billion dollar house when he could be feeding the poor. My question is.. Is the money really WASTED? Because doesn't that money go to the biulders of the home, the decorators, the people that gather the wood for the home, etc., etc., etc... and then those people go out and spend that money on other things, and on and on, the money keeps getting filtered back into the economy and other people's pockets and maybe someone that would have been poor and without a job instead has a job pouring concrete for the home?
I think you just described Reaganomics.
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3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
Correct.
i disagree, if every person is willing and able to work, they could. here in australia the government provides work for those on welfare who are able to work, but cannot find it.
If the government is providing work to the unemployeed and has a welfare system, then it is not truely capatalistic.
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http://video.google.de/videoplay?docid=-9050474362583451279
Everybody in this forum needs to watch this and understand it. If you have to watch certain parts 10x, it's worth it.
My title might sound like a bunch of bullshit that you either A)Couldn't care less about, or B)Couldn't begin to understand, so why try?
I'm telling you guys that this vid is excellent at breaking everything down in a very simplistic manner. Gain some knowledge.
Thanks for the video. I've watched about 95% of it now. I tried to play it while I was doing other things, but I had to keep rewinding because you really can't miss any of it. It's very important information.
This also kind of brings up an interesting idea in my mind. They mentioned that this type of money out of debt creation system really took off in the late 1600's. Well guess what, the 1600's really marks the changing of the gaurd, where Islamic lead civilizations like the Ottoman Empire or the Mughal Empire started to go into decline, and the Western nations such as Britian really started to take off. The Ottoman Empire went into debt, the gold and silver trade increased wealth in Britian (through it's American colonies) and so on and so forth.
But here's one other thing I noticed not mentioned in the video. For some reason, when I read the history of the 1600's up.. it seems like Britian was somehow able to engage in endless war and there was always enough money for all of their war endeavors.
So, Jrome, since you watched the video... don't you think it's possible that Britian was able to engage in perpetual war and just keep creating all the money it needed for it's war efforts?
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http://video.google.de/videoplay?docid=-9050474362583451279
Everybody in this forum needs to watch this and understand it. If you have to watch certain parts 10x, it's worth it.
My title might sound like a bunch of bullshit that you either A)Couldn't care less about, or B)Couldn't begin to understand, so why try?
I'm telling you guys that this vid is excellent at breaking everything down in a very simplistic manner. Gain some knowledge.
Thanks for the video. I've watched about 95% of it now. I tried to play it while I was doing other things, but I had to keep rewinding because you really can't miss any of it. It's very important information.
This also kind of brings up an interesting idea in my mind. They mentioned that this type of money out of debt creation system really took off in the late 1600's. Well guess what, the 1600's really marks the changing of the gaurd, where Islamic lead civilizations like the Ottoman Empire or the Mughal Empire started to go into decline, and the Western nations such as Britian really started to take off. The Ottoman Empire went into debt, the gold and silver trade increased wealth in Britian (through it's American colonies) and so on and so forth.
But here's one other thing I noticed not mentioned in the video. For some reason, when I read the history of the 1600's up.. it seems like Britian was somehow able to engage in endless war and there was always enough money for all of their war endeavors.
So, Jrome, since you watched the video... don't you think it's possible that Britian was able to engage in perpetual war and just keep creating all the money it needed for it's war efforts?
I think it's absolutely plausible. What is largely taught in history books is that America's founding fathers / pilgrims / whomever came here out of religious persecution. While that may have been certain groups justificiation, I believe the ultimate reason was much simpler, which was escape from a tyrannical rule. Not solely on a relgious front because you have tons of Catholics & Protestants but from endless other buraucracies.
But yes, war ties into that flawlessly. War is fantastic for the economy. It provides the landscape for constant growth and production. As money is spent, and goods destroyed more of both must be produced. And as each soldier is killed, the government exploits those deaths in an effort to instill hatred amongst it's citizens toward it's enemy. This all keeps the ball rolling.
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And I can't speak on the influence of Islam during this time, as I haven't researched it. But understand what this is illustrating.
What is the golden rule? "Do unto others as you'd have done to you"....SHUT THE FUCK UP! The golden rule is "He who has the gold, RULES!!!!!!"
Well what was done by Britain in this time and ultimately in the United States in 1960's was the dissolution of the gold standard. Our fiat money today equals that of monopoly money...nothing. We used to be able to transfer our currency to gold. Not anymore. See the Federal Reserve & The IRS. The Federal Reserve is a private bank, just like any bank that we cash our checks at every week. Nothing special about the Federal Reserve. Except this: Our government has the right and the ability to print it's own money. They elect not to do that. Instead, they elect the Federal Reserve to print our currency, and Washington BORROWS this money. When I say borrow, I mean finance. Washington borrows the money, and has to REPAY that money PLUS INTEREST to the federal reserve. Who owns the federal reserve? We don't know, because that is undisclosed information. So tell me why, our govt. would elect to hire someone else to print our currency and pay them interest? Who is making profit from that interest? Why don't they want to disclose who the owners are?
And on top of that, who do you think foots the bill for that interest expense? WE DO. That is where your tax dollars go. Not to roads, not to welfare, not to the poor, not to the have nots. It goes to pay the interest expense that our government incurs all because they choose the Fed to print our money even though they have the wherewithal to do themselves.
I'll post some more stuff on the Federal Reserve and the IRS later. But understand that when a guy like Ron Paul wants to remove the Federal Reserve, yes, it will affect out bi-weekly paychecks, but that is not what is driving him. He believes that our currency should be backed by a tangible good. Silver & Gold? Maybe, but there have also been very intersting arguements that we base our currency on all of the great infrastructure of the United States, which makes a ton of sense to me.
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i understand money bought me these fresh white air forces, and this delicious orange slice milkshake
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And I can't speak on the influence of Islam during this time, as I haven't researched it. But understand what this is illustrating.
What is the golden rule? "Do unto others as you'd have done to you"....SHUT THE FUCK UP! The golden rule is "He who has the gold, RULES!!!!!!"
Well what was done by Britain in this time and ultimately in the United States in 1960's was the dissolution of the gold standard. Our fiat money today equals that of monopoly money...nothing. We used to be able to transfer our currency to gold. Not anymore. See the Federal Reserve & The IRS. The Federal Reserve is a private bank, just like any bank that we cash our checks at every week. Nothing special about the Federal Reserve. Except this: Our government has the right and the ability to print it's own money. They elect not to do that. Instead, they elect the Federal Reserve to print our currency, and Washington BORROWS this money. When I say borrow, I mean finance. Washington borrows the money, and has to REPAY that money PLUS INTEREST to the federal reserve. Who owns the federal reserve? We don't know, because that is undisclosed information. So tell me why, our govt. would elect to hire someone else to print our currency and pay them interest? Who is making profit from that interest? Why don't they want to disclose who the owners are?
And on top of that, who do you think foots the bill for that interest expense? WE DO. That is where your tax dollars go. Not to roads, not to welfare, not to the poor, not to the have nots. It goes to pay the interest expense that our government incurs all because they choose the Fed to print our money even though they have the wherewithal to do themselves.
I'll post some more stuff on the Federal Reserve and the IRS later. But understand that when a guy like Ron Paul wants to remove the Federal Reserve, yes, it will affect out bi-weekly paychecks, but that is not what is driving him. He believes that our currency should be backed by a tangible good. Silver & Gold? Maybe, but there have also been very intersting arguements that we base our currency on all of the great infrastructure of the United States, which makes a ton of sense to me.
Very interesting. Your understanding of all of this impresses me. I wasn't able to make all those connections from the video.
So I have some more questions because it seems like you have a good grasp on this...
1. I heard China is our creditor. But you said it was the faceless, nameless people at the Federal Reserve? So which is it?
2. Where is the Federal Reserve located?
3. Is the World Bank the same thing as the Federal Reserve?
4. I heard it was Jews like the Rothschilds that work at the Federal Reserve or World Bank?
5. Did you catch that part where one of the US presidents was assasinated that was quoted as speaking against the Federal Reserve? You know any more about that?
6. You think an organization this powerful would ever allow Ron Paul to become president and put them out of existence?
7. Anything more you can explain about the role of war in all of this? I heart that war is neccassary to sustain this kind of economy as it stands today, where we have to keep destroying, rebiulding, wasting, and so on.. an endless cycle, that war is neccassary to sustain it? Is that true? And can you explain that aspect more.
8. how do they keep inflation from rising if there is printed money out of nowhere?
Holler back man.. I'm interested to hear anything you can tell me to answer my questions.
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3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
Correct.
i disagree, if every person is willing and able to work, they could. here in australia the government provides work for those on welfare who are able to work, but cannot find it.
If the government is providing work to the unemployeed and has a welfare system, then it is not truely capatalistic.
name one true capitalist economy.
australia is classified as capitalist.
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3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
Correct.
i disagree, if every person is willing and able to work, they could. here in australia the government provides work for those on welfare who are able to work, but cannot find it.
If the government is providing work to the unemployeed and has a welfare system, then it is not truely capatalistic.
name one true capitalist economy.
australia is classified as capitalist.
There is none. But a truely capitalist country most likely couldn't provide a job for every person.
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3. Even if every person in the country was motivated and wanted a job, a capatalist economy can not provide a job for every person, correct?
Correct.
i disagree, if every person is willing and able to work, they could. here in australia the government provides work for those on welfare who are able to work, but cannot find it.
If the government is providing work to the unemployeed and has a welfare system, then it is not truely capatalistic.
name one true capitalist economy.
australia is classified as capitalist.
There is none. But a truely capitalist country most likely couldn't provide a job for every person.
then we are in accord ;)
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And I can't speak on the influence of Islam during this time, as I haven't researched it. But understand what this is illustrating.
What is the golden rule? "Do unto others as you'd have done to you"....SHUT THE FUCK UP! The golden rule is "He who has the gold, RULES!!!!!!"
Well what was done by Britain in this time and ultimately in the United States in 1960's was the dissolution of the gold standard. Our fiat money today equals that of monopoly money...nothing. We used to be able to transfer our currency to gold. Not anymore. See the Federal Reserve & The IRS. The Federal Reserve is a private bank, just like any bank that we cash our checks at every week. Nothing special about the Federal Reserve. Except this: Our government has the right and the ability to print it's own money. They elect not to do that. Instead, they elect the Federal Reserve to print our currency, and Washington BORROWS this money. When I say borrow, I mean finance. Washington borrows the money, and has to REPAY that money PLUS INTEREST to the federal reserve. Who owns the federal reserve? We don't know, because that is undisclosed information. So tell me why, our govt. would elect to hire someone else to print our currency and pay them interest? Who is making profit from that interest? Why don't they want to disclose who the owners are?
And on top of that, who do you think foots the bill for that interest expense? WE DO. That is where your tax dollars go. Not to roads, not to welfare, not to the poor, not to the have nots. It goes to pay the interest expense that our government incurs all because they choose the Fed to print our money even though they have the wherewithal to do themselves.
I'll post some more stuff on the Federal Reserve and the IRS later. But understand that when a guy like Ron Paul wants to remove the Federal Reserve, yes, it will affect out bi-weekly paychecks, but that is not what is driving him. He believes that our currency should be backed by a tangible good. Silver & Gold? Maybe, but there have also been very intersting arguements that we base our currency on all of the great infrastructure of the United States, which makes a ton of sense to me.
Very interesting. Your understanding of all of this impresses me. I wasn't able to make all those connections from the video.
So I have some more questions because it seems like you have a good grasp on this...
1. I heard China is our creditor. But you said it was the faceless, nameless people at the Federal Reserve? So which is it?
2. Where is the Federal Reserve located?
3. Is the World Bank the same thing as the Federal Reserve?
4. I heard it was Jews like the Rothschilds that work at the Federal Reserve or World Bank?
5. Did you catch that part where one of the US presidents was assasinated that was quoted as speaking against the Federal Reserve? You know any more about that?
6. You think an organization this powerful would ever allow Ron Paul to become president and put them out of existence?
7. Anything more you can explain about the role of war in all of this? I heart that war is neccassary to sustain this kind of economy as it stands today, where we have to keep destroying, rebiulding, wasting, and so on.. an endless cycle, that war is neccassary to sustain it? Is that true? And can you explain that aspect more.
8. how do they keep inflation from rising if there is printed money out of nowhere?
Holler back man.. I'm interested to hear anything you can tell me to answer my questions.
1. China IS our creditor. So is Saudi Arabia. Those 2 countries absolutely own our ass. Kinda funny when you think that nearly every hijacker in 9/11 was Saudi. But yes, along w/ the Federal Reserve, we borrow TRILLIONS from these 2 countries.
2. The federal reserve's location is a convoluted answer. The Fed is comprised of Government appointed officals, which is located in Washington. It is also comprised of the Federal Open Market Committee (Open market operations are the buying and selling of government securities), 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with their own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Bank; and (5) various advisory councils.
3. The World Bank is not the same thing as The Fed in name, it is the same thing in principle.
4. Ownership of The Fed is only parially known. When you start looking at the private member banks and regional ownership, those are privately held and are therefore not publicly disclosed information.
5. Well, Woodrow Wilson was our President when The Fed was put into place. Literally on his death bed did he state that he believed that his institution of that program would be the downfall of the United States. He maintained that he didn't fully understand it's ramifications at the time of inception, but later realized it was his greatest failure while in office.
6. No I don't. We're talking about a very small group of men collecting TRILLIONS of dollars. If you think they're going to let some 71 year old man ruin their party, you're gravely mistaken. They'll kill Paul if they have to.
7. The war plays numerous roles. At it's core, it distracts the American people. For every death (about 100 / month now for Americans, and HUNDREDS of THOUSANDS of Iraqis - which is unsubstantiated by our govt), they try to spin it into motiviation. It also is an endless machine of consumption - both monetarily and production / service wise. It also propagates our constant borrowing of bililons of dollars from foreign governments to subsidize our efforts. The fed can't print all the money, it would be de-based to nothing. And the enemy is terrorism, which is a faceless enemy. There is no victory, no end. We can continue proclaiming war on it just like we have declared war on poverty, drugs, illiteracy, etc. It's just another buraeucracy to suck the taxpayers dry. It's a farce.
8. They don't keep inflation from rising. A dollar today is worth about 3 cents compared to 100 years ago. The only way to keep our current system from crumbling at it's core is to continue to borrow. As long as foreign countries and us as individuals accept it in lieu of a tangible good, it will have value, albeit less and less as time goes on.
But check out The Fed. They actually show gold on their balance sheet. Why would the fed want our nations gold? You think it has anything to do with the fact that they know that we're going to have an economic collapse? If they have gold, they don't care what happens to the dollar. In fact, I believe that they are moving as fast as they can to eliminate the dollar to eschew in the Amero. If you haven't seen my posts on that, google it. The Amero is much like the Euro - it's a central currency of Canada, USA, and Mexico. Just dig into this stuff, it'll scare the shit out of you.
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1. China IS our creditor. So is Saudi Arabia. Those 2 countries absolutely own our ass. Kinda funny when you think that nearly every hijacker in 9/11 was Saudi. But yes, along w/ the Federal Reserve, we borrow TRILLIONS from these 2 countries.
2. The federal reserve's location is a convoluted answer. The Fed is comprised of Government appointed officals, which is located in Washington. It is also comprised of the Federal Open Market Committee (Open market operations are the buying and selling of government securities), 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with their own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Bank; and (5) various advisory councils.
3. The World Bank is not the same thing as The Fed in name, it is the same thing in principle.
4. Ownership of The Fed is only parially known. When you start looking at the private member banks and regional ownership, those are privately held and are therefore not publicly disclosed information.
5. Well, Woodrow Wilson was our President when The Fed was put into place. Literally on his death bed did he state that he believed that his institution of that program would be the downfall of the United States. He maintained that he didn't fully understand it's ramifications at the time of inception, but later realized it was his greatest failure while in office.
6. No I don't. We're talking about a very small group of men collecting TRILLIONS of dollars. If you think they're going to let some 71 year old man ruin their party, you're gravely mistaken. They'll kill Paul if they have to.
7. The war plays numerous roles. At it's core, it distracts the American people. For every death (about 100 / month now for Americans, and HUNDREDS of THOUSANDS of Iraqis - which is unsubstantiated by our govt), they try to spin it into motiviation. It also is an endless machine of consumption - both monetarily and production / service wise. It also propagates our constant borrowing of bililons of dollars from foreign governments to subsidize our efforts. The fed can't print all the money, it would be de-based to nothing. And the enemy is terrorism, which is a faceless enemy. There is no victory, no end. We can continue proclaiming war on it just like we have declared war on poverty, drugs, illiteracy, etc. It's just another buraeucracy to suck the taxpayers dry. It's a farce.
8. They don't keep inflation from rising. A dollar today is worth about 3 cents compared to 100 years ago. The only way to keep our current system from crumbling at it's core is to continue to borrow. As long as foreign countries and us as individuals accept it in lieu of a tangible good, it will have value, albeit less and less as time goes on.
But check out The Fed. They actually show gold on their balance sheet. Why would the fed want our nations gold? You think it has anything to do with the fact that they know that we're going to have an economic collapse? If they have gold, they don't care what happens to the dollar. In fact, I believe that they are moving as fast as they can to eliminate the dollar to eschew in the Amero. If you haven't seen my posts on that, google it. The Amero is much like the Euro - it's a central currency of Canada, USA, and Mexico. Just dig into this stuff, it'll scare the shit out of you.
Thanks for the info. To be continued.