Money

[OhnoParticipant 668]

Compounded interest explained in a picturesque way by famous german broker and book-author Dirk Müller a.k.a Mr. Dax

The money-system explained in a funny way with a cartoon.

[Blue SkiesParticipant 15665]

don’t spend money on women, practice minimalism. Be cheap

MGTOW is not a movement, it is a way of life.

[RoyDalParticipant]

don’t spend money on women, practice minimalism. Be cheap

I like that!

EDIT:
If it drives, flies, floats, or f~~~s, then it is a depreciating asset. Never take out a loan on a depreciating asset. Pay cash for what you absolutely must have and lease the rest.

Society asks MGTOWs: Why are you not making more tax-slaves?

[BigDParticipant 3024]

I do believe we need to pay attention to our definitions. What we are talking about is not money, but fiat currency. Money can be currency, and currency can represent money or nothing at all. A gold coin could be considered both money and currency. A dollar bill on the gold standard can be considered currency that represents money. However, the dollar bill, and most world currencies for that matter, are based on nothing.

And on the next episode of “Scary Thoughts with BigD” we’ll discuss the hoax that is law.

Just kidding. My brain is too scattered to even try to talk lawyer stuff.

Don't stick your dick into anyone you aren't willing to put up with for eighteen years and nine months.

[OhnoParticipant 668]

BigD wrote:

However, the dollar bill, and most world currencies for that matter, are based on nothing.

based on nothing but trust and ignorance.

[Anonymous 42]

I like the cheap thing! But not to the point of living in a cardboard box atop a pile of gold.
Just this morning I repaired my remote car key by stringing stainless steel wire through a hole I drilled to attach it to the rest of my keys. Then I repaired a pair of hearing protection (the one I really like) by holding the broken halves simultaneously close to a torch and mashing them together when the plastic started to liquefy, then I wrapped the “mended fracture” with steel wool and supper glued the steel wool, better than new! The time I save in making my own hardware and sometimes tools, frees me from the endless expenses of common maintenance.
Hearing protection; saved $15.00, fuel, and an hour in time and travel.
Remote key; saved $160.00, weeks on order, and possibly losing my key and having to crawl under the car and getting the spare.
I’ve seen women wast money endlessly, the only way they know is to $pend $pend $pend $pend!
Or have a MG-Tower at their disposal… NOT!

[OhnoParticipant 668]

So did anybody watch those 2 videos to the end yet? It doesnt seem that way when i read the replies so far.

I watched more videos about money than anyone else in this forum probably…hundreds, maybe thousands.
Those two i put up there are outstanding. Dont miss out on them even if you know already how the money-system works.
You can show them to someone who has no clue at all and he will understand whats the matter in short time without getting bored.

Comment on my videos please if you watched them to the end.
I know the first one is in german with english subtitles only, so turn off volume.
The effect of compound interest, explained by Dirk Müller with the example of the Josephs-Penny is shocking.
The cartoon is just awesome…watch it.

[Ned TrentParticipant 4894]

Ohno wrote:

So did anybody watch those 2 videos to the end yet?

I did and I know about Dirk Mueller, he is quite good in terms of explaining things albeit he neither has any solution himself to the core problem like nobody really has, obviously because it after all is a very tricky one…

– no offense –

I'd rather die a natual death with a clear MGTOW conscience somewhere off the grid than one within "modern" civilisation with a big stress mark on my forehead and a couple of dozen tubes plugged into my body. Back to the plantation..? Me..? Hey, literally: I won't ever fucking kid myself...YZERLMNTSIC

[Blue SkiesParticipant 15665]

compound interest is great for people who have 100,000+ in their bank accts. Yes, its unsustainable but the bigger problem is currency can be created out of nothing. All money that is created from nothing is debt therefore there is mathematically no $ to pay the interest.

these days, currency doesn’t even need to be printed. The central banks make it from a click on the mouse and keyboard of a computer

MGTOW is not a movement, it is a way of life.

[Anonymous 42]

Ohno wrote:

So did anybody watch those 2 videos to the end yet? It doesnt seem that way when i read the replies so far.

Hey g-truther, I watched the second video, nothing I didn’t already know, That’s why in my past posts I keep mentioning to GET OFF THE DOLLAR! Personally for me it’s become a war of attrition! My credit is fabulous and my credit cards are in a safe place to hopefully NEVER use again!
Funny thing, I resorted to letting things “burn out” rather than replace them on CREDIT! My refrigerator s~~~ the bed and sits dormant until I have time to “REPAIR” it, If not repairable, I’ll wait to replace it with cash!
I Have chickens, a nice garden, and very soon milk goats!
I would rather live like a bum, than to allow one more cent to these evil f~~~s! END THE FED, DESTROY THE GANGBANKSTERS!

[OhnoParticipant 668]

Ned Trent wrote:

I did and I know about Dirk Mueller, he is quite good in terms of explaining things albeit he neither has any solution himself to the core problem like nobody really has, obviously because it after all is a very tricky one…

Dont you wonder why especially Dirk Mueller never talks about solutions?
.It is not because he doesnt have any, but because he isnt able to talk about it in on tv to a big audience.
They wont air him doing that, especially him because hes a trustworthy super-expert.

There are limits of what he can say on tv. If he would talk about solutions, they just cut him off.

You know Dirk Müller… so you probably know the politician Dr. Gregor Gysi too..

He always says the truth in the german parlament. What he says is always on point, but you have to look at what he doesnt talk about. He never talks about the money-system itself.
Sure he knows how the money system works and that it is the root of all s~~~, but he still doesnt talk about it.

You saw what happened to JFK… that happens when you cant be stopped otherwise.

Anonymous wrote:

GET OFF THE DOLLAR!

I cant argue with that.. Invest in real material assets before it is too late.

[Anonymous 42]

Ohno wrote:

I cant argue with that.. Invest in real material assets before it is too late.

Hey truther, I have real estate including owning my own home (no bank loans), the property I have for sale (dead in the water) is being offered for OVER 100,000.00 US. BELOW ASSESSED VALUE! I can’t possibly liquidate FAST ENOUGH! The f~~~ trickery of these banksters has decimated the construction ALL industries throughout the Northeast and Midwest (the ever expanding rust belt).
Those Banksta Motha fkrs should be burned at the stake ALIVE! I’d be honored to toss the match!
Where do the politicians stand when it comes to this national plundering endlessly plummeting us into despair?
Civil War seems inevitable!

[OhnoParticipant 668]

Anonymous wrote:

Where do the politicians stand when it comes to this national plundering endlessly plummeting us into despair?

Good question, but honestly i dont know.

[Anonymous 42]

Ohno wrote:

MG-ɹǝʍo┴ wrote:

Where do the politicians stand when it comes to this national plundering endlessly plummeting us into despair?

Good question, but honestly i dont know.

Politicians stand firmly planted in the deeeeeep pockets of the bankers, the same bankers that now own the world, and want their interest to boot!!
National sovereignty is only an illusion, It’s every man for himself, like the Titanic, but in a world where patriarchy is dead! Women and children will suffer the most…..

[hollowtipsParticipant 681]

Everyone knows your first million is the hardest to make and life becomes a very easy game after that point. Money creates more money, when you have little it makes little, but once you’re able to break past a certain point the money will literally work for you. The problem is getting their takes 2/3s of most peoples lives and some people never get their at all.

Wealthy people make money without even doing anything but poor and middle class have to work in order for money to be replenished. Debt works the exact same way and after a certain threshold it goes beyond our control. U.S.A is 18 trillion in debt right now and it’s not slowing even remotely. Probably be at 21 trillion in the next year to two.

[OhnoParticipant 668]

hollowtips wrote:

Everyone knows your first million is the hardest to make and life becomes a very easy game after that point

damnit

Look. Every interest based money-system has failed in the last 5000 years.

What if our current money system based on interest fails tomorrow?
Doesnt matter how much cash you have on paper… here is an example..

You live in New York City.
You have 50 million in the bank.
You also have 20 million in stock exchange
The appartment you rent is fully equipped.

Now the money system crashes….and all of a sudden you have 0.
Game Over.

thats all i wanted to say.
You can be a millionaire today and tomorrow you can be broke.
Just because of the money-system and you never understood how it really works.

[Symmetric MGTOWParticipant 570]

Anonymous wrote:

german truther wrote:

So did anybody watch those 2 videos to the end yet? It doesnt seem that way when i read the replies so far.

Hey g-truther, I watched the second video, nothing I didn’t already know, That’s why in my past posts I keep mentioning to GET OFF THE DOLLAR! Personally for me it’s become a war of attrition! My credit is fabulous and my credit cards are in a safe place to hopefully NEVER use again!
Funny thing, I resorted to letting things “burn out” rather than replace them on CREDIT! My refrigerator s~~~ the bed and sits dormant until I have time to “REPAIR” it, If not repairable, I’ll wait to replace it with cash!
I Have chickens, a nice garden, and very soon milk goats!
I would rather live like a bum, than to allow one more cent to these evil f~~~s! END THE FED, DESTROY THE GANGBANKSTERS!

AND ABOLISH THE IRS!

F~~~ers!

[BigDParticipant 3024]

I saw the “American Dream” years ago. I did watch the other one as well. The current currency system is a scam. I would be considered a “deadbeat” due to not playing the debt game like they want. I use credit cards, but pay them off at the end of the month. I only buy what I can afford, and I never borrow.

However, once you slip up, they got you. You are now a debt slave. It seems like those in charge will do everything in their power to make you a debt slave. This is something I never want to be.

Don't stick your dick into anyone you aren't willing to put up with for eighteen years and nine months.

[economistParticipant 225]

Personally I agree, living on credit is simply stupid. It’s never going to end well, and it’s how people end up 65, on social security, and broke, with absolutely no tangible assets and passive income to show for their lives. If they had just saved $5 a week they could have probably bought or built a small home and at least had a place to live for the rest of their lives.

At the same time though, I believe there’s a point of cost-benefit when buying cheap things is kind of pointless. For example, as somebody who does a lot of mechanical work, I insist on using high quality tools both in my place of business and at home. Craftsman or Snap-On tools, Kershaw or Gerber knives, etc. Sure, a combination wrench from Harbor Freight might be $4, but the $25 Snap-On wrench is never going to break in my lifetime, compared to the multitude of cheap Pittsburgh wrenches i’ve bent and snapped the prongs off of.

Similiarly I drive a rugged, over engineered car. A bone stock ’89 5.0 Mustang. Not very fast, but every part of it is built to last. 8.8 rear axle, manual transmission. SPFI, and a distributor. I can literally work on the damn thing with a hammer. Sure, fuel costs and tire costs are a little bit higher, but I’ve owned it for 3 years now and had to do very little other than basic maintenance. Prior to that I had a 1989 Toyota Corolla, it was a s~~~ pile and broke down all the time, because I paid too little for it and I wasn’t looking at the big picture.

Basically there’s a point where attempting to budget every little purchase can effect you negatively. If you spend what you need when you need it on quality items and plan ahead, you will find yourself having to make a lot less minor purchases in your day to day life which actually saves you money and helps you avoid the credit trap.

[MattNYCParticipant 2329]

Ohno wrote:

The effect of compound interest, explained by Dirk Müller with the example of the Josephs-Penny is shocking.

I watched the first; i’ve never heard it explained that way before, and it’s very interesting. But i’m not interested just for academic reasons. I actually want a reasonable way to preserve my wealth.

Bank accounts, 401ks, etc., they all hold fiat currencies or securities that’ll tank when the dollar falls out. I’m thinking more along the lines of holding physical gold or silver to preserve wealth, until i have enough to buy a house in Latin America.

But i don’t know s~~~ about buying gold or silver. And i don’t want “collectible” coins or any of that s~~~. Just something that’ll hold value if/when everything else falls apart. Recommendations?

[Author]

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