Why we're doomed - in 6 minutes

1. 61

   Evan G Rogersposted 14 years ago

   Hey everyone,
   
   I wanted to provide a video that easily and simply describes why we're all screwed.
   
   http://www.youtube.com/watch?v=PTUY16Ck … r_embedded
   
   This video explains - in very simple language - why we're completely doomed thanks to monetary policy. I figured it would be important to watch for most people because this is a very unknown aspect of governmental policy.
   
   Anyway - it basically explains why your money will soon be worthless.

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2. 69

   Cagsilposted 14 years ago

   I've written two hubs that explains it too.
   
   http://hubpages.com/hub/Degeneration-of-Value
   
   http://hubpages.com/hub/America-A-Natio … us-Trouble
   
   But, it will take longer than 6 minutes to read.

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3. 86

   lovemychrisposted 14 years ago

   Ahaha! I saw the first bit of that on this interview:
   
   Dean Baker: The Deficit Is the Wrong Problem
   Tuesday 16 November 2010
   by: Laura Flanders  |  GRITtv | Video Interview
   
   He says fix the healthcare cost, and we got it made.
   
   That's what we've been saying....Single-Payer!

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4. 60

   Paul Wingertposted 14 years ago

   You must be a Limbaugh fan. You go ahead and live in fear and the rest of us will go on our day to day business.

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5. 69

   Pearldiverposted 14 years ago

   Can You Post a Pic on Here Showing Us HOW TO BEND OVER & KISS OUR BUTTS GOODBYE?

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   1. 0

      kimberlyslyricsposted 14 years agoin reply to this

      

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6. 86

   lovemychrisposted 14 years ago

   Evan--
   I saw a video yesterday with this French man...he is getting a movement together for December 7th. They are all going to take their money out of the banks!
   He says the banks are the problem in the world, and only one way to get them.....render them useless.
   He calls it a bloodless revolution.
   If the whole world could get behind it....can you imagine?
   
   Max Keiser is saying buy silver. Guess ole Beckles was wrong about gold.
   Me personally?? Doesn't matter.
   By the end of the week, I have 0 money in my bank account anyway. And I'm not kidding.
   That's how badly this economy has fallen since 2000.
   
   Vive La France!!

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   1. 83

      kerrygposted 14 years agoin reply to this

      I think there's a number of such movements.
      
      Arianna Huffington started Move Your Money awhile back: http://moveyourmoney.info/
      
      The permaculture movement is into Slow Money: http://www.slowmoney.org/
      
      I'm sure there are others.

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   2. 0

      EmpressFelicityposted 14 years agoin reply to this

      
      
      Much as I dislike some of the shenanigans that banks get up to, I hardly think that getting rid of them is practical.
      
      Unless Adsense can send me my next payout via carrier pigeon in wads of used fivers, of course :snort:

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   3. 61

      Evan G Rogersposted 14 years agoin reply to this

      those are called "bank runs" and they used to be common. They work because the banks take one of your dollars, and then create 9 dollars out of thin air via fractional reserve banking. So, 10 people have claim to 1 dollar. it makes no sense, and is theft, but banks are allowed to do it.
      
      The problem nowadays is that you can't get gold for you money.
      
      There's a reason why gold costs 1400 today -- it's a market's true money. Silver is like gold's cheap brother... although each ounce is going for 26 bucks lately (it hit 30 after bernanke said he was going to create 600 billion out of thin air).

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