John Stossel Money, Money, Money

[743 roadmasterParticipant]

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—————–Stossel cuts down a long doc into a few min to get to valued points. The value of a gold standard, and the problem with devaluation.
The longer movie from public TV is in the second link.

mgtow is its own worst enemy- https://www.campusreform.org/

[AwakenedParticipant 35200]

I was just contemplating at “how much” of what we THINK that we have is all built on BULLS~~~.

When paper money was backed by gold, at least it was backed by a limited resource that was perceived to be valued for thousands of years.

We have paper currency which is backed by empty promises, and what makes it valuable is that the rest of the Matrix is that much more unstable and crooked as compared to the United States model, and that’s not saying much.

Now, we’re moving away from even paper currency, and more and more towards the even more controllable computer/internet/ documented forms of “money transactions”.

It will get to a point where paper currency is “rare” and everything will be transacted via the chip.

In a World of Justin Beibers Be a Johnny Cash

[TaxGuyParticipant]

Awakened wrote:

I was just contemplating at “how much” of what we THINK that we have is all built on BULLS~~~.

When paper money was backed by gold, at least it was backed by a limited resource that was perceived to be valued for thousands of years.

When was the last time you heard a reference to Fort Knox? When we were on the gold standard our nation’s wealth was stored there. No one gives a damn anymore. Now our wealth is defined by how much fake money we can print before we p~~~ off the people that already have a bunch of our fake money.

Order the good wine

[SandalsParticipant 4253]

The immigration crisis now is a side-effect of the paper money. After the housing crisis due to low interest rates, the shadow inventory of houses was so large that the banks and the Multiple Listing Service kept it hidden to prop up housing prices, to prevent the banks from come crashing down like the pyramid scheme it is. The bailout gave tons of money to developers to build apartments, because people would not pay the inflated house prices once they learned about the phony housing market, and the apartments / condos also squeeze more tax money out of smaller space by building up vertically and squeezing as many units as possible into the smallest space. And now the illegal immigrants are taking the shadow inventory, living three or four generations in the houses we citizens should have, so they can afford the big prices. I have been house hunting for rental houses and I have seen these homes with a mattress in EVERY room, including the family room and living room.

This whole illegal immigration thing (and the H1 work visas for Indian tech workers who don’t know shlt) is all about propping up housing prices, so the banks don’t cave, taking the whole house of cards with it.

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