This.

Boosting this quality contribution up in the Hot Listing - declared quality by dystopianfuturetoday.

Promoting this video and sending it back into the queue for one more try; last queued Tuesday, October 23rd, 2012 3:20pm PDT - promote requested by dystopianfuturetoday.

Please move high up the Top 15.

im not watching because as i understand it, the debt only exists if you believe money really exists, and i dont think money as we are told exists really exists... they can put you in debtors prison but cant get blood from a stone... and as i understand it, the fiat currency we accept is totally unbacked by anything other than faith... and thats only good for making "bubbles"

yea i still pay my bills my cabin in the woods isnt built yet, whats your plan!

There's a few lines of this he should strike (namely any and all comparisons to Greece, because what makes Greece's situation uniquely fucked up is it doesn't control its own currency), but otherwise this is a pretty damn accurate picture of what's really going on, *moneywise.

Adding video to channels (Money) - requested by NetRunner.

I don't have the economic knowledge to make any sort of argument for or against the gold standard from that perspective, but gold mining is absolutely devastating to the living environment surrounding and downstream of gold extraction sites, and it can have similarly serious consequences for human health in those areas. Driving up the value of gold any farther would not be good thing.

If you don't believe money exists, then you should have no problem giving me all of your money. I will give you 1000 angels and an invisible unicorn in return. Deal of a lifetime. PM me for my paypal address.

(In all seriousness, you should read up on economics. It sounds like Ron Paul has warped your understanding of economics.) >> ^vaire2ube:

im not watching because as i understand it, the debt only exists if you believe money really exists, and i dont think money as we are told exists really exists... they can put you in debtors prison but cant get blood from a stone... and as i understand it, the fiat currency we accept is totally unbacked by anything other than faith... and thats only good for making "bubbles"
yea i still pay my bills my cabin in the woods isnt built yet, whats your plan!

"Falling on deaf ears" comes to mind.

It's Zach Anner without the wheelchair!

fuck economics. there, i said it. you can keep your hard on for Dr. Paul

i dont need a college course to tell me if people NEED something to LIVE, they would like to have it... and if there is scarcity, guess what they will be willing to do to survive... ANYTHING.

thats history, you can skip the comfort math... the message is clear on sustainable growth... it is an oxymoron

Just so viewers know, the economic theories behind this guy's convoluted explanations are not accepted by all economists. Sadly, this kind of video will likely turn many people off to the subject entirely.

>> ^renatojj:

Just so viewers know, the economic theories behind this guy's convoluted explanations are not accepted by all economists. Sadly, this kind of video will likely turn many people off to the subject entirely.


I note you haven't said he's wrong...

>> ^renatojj:

Just so viewers know, the economic theories behind this guy's convoluted explanations are not accepted by all economists. Sadly, this kind of video will likely turn many people off to the subject entirely.


You're right, in the same way that not all biologists agree on evolution as the origin of species.

@Payback so I wouldn't have to deal with ignorant and offensive retorts. Judging by @Xaielao's comment, it didn't work.

>> ^renatojj:

@Payback so I wouldn't have to deal with ignorant and offensive retorts. Judging by @Xaielao's comment, it didn't work.


I gotta say, as ignorant, offensive retorts go, @Xaielao's seems pretty tame...

All I'm going to say is that this guy is completely wrong about the gold standard. This country was on gold for like 150 years and didn't collapse in an "inescapable deflationary spiral". That is nonsense trotted out by big government economist. In fact, the highest rates of GDP growth still remain gold standard years. The only reason the crash of 29 existed was because of the central bank's (which didn't exist prior to 1913) inflationary bubble in the 20s, which HAD to be corrected. And rather than letting it correct, Hoover and FDR resisted and intervened mightily. All prior recessions were allowed to run their course, this one wasn't. I mean, for god's sake, FDR was slaughtering livestock to prevent food prices from falling alongside wages. Is it any wonder the damn thing persisted for like 15 years?