Why is this happening to the stock market? Here's your education - Miata Turbo Forum - Boost cars, acquire cats.

Welcome to Miataturbo.net   Members
 


Insert BS here A place to discuss anything you want

Reply
 
 
 
LinkBack Thread Tools Search this Thread
Old 10-10-2008, 12:56 PM   #1
Elite Member
Thread Starter
 
Join Date: Jul 2005
Posts: 6,454
Total Cats: 80
Default Why is this happening to the stock market? Here's your education

You can't understand it in one short paragraph. There are several key concepts to understand.

It starts out with our monetary system.

Money IS debt. Huh?

When new money is created, it's owed back to the source (commercial banks).
When commercial banks loan money, money is created.

When loans are repaid, money is destroyed. Money disappears.

Here's a cartoon video that explains it very well. Your education starts here:
http://video.google.com/videoplay?do...74362583451279

Don't comment unless you've watched it or understand our DEBT-based fiat currency system.
JasonC SBB is offline   Reply With Quote
Old 10-10-2008, 01:00 PM   #2
Senior Member
 
Join Date: Jan 2007
Location: Maryland
Posts: 701
Total Cats: 0
Default

Um...that **** is 47 minutes long.
MX_Eva is offline   Reply With Quote
Old 10-10-2008, 01:11 PM   #3
Elite Member
Thread Starter
 
Join Date: Jul 2005
Posts: 6,454
Total Cats: 80
Default

Um, that **** only affects your LIFE.
If you're constipated you'll spend more time taking one ****.

Didn't I just say you can't understand it all in one paragraph?
This is the reason why so many people are so ignorant.
They refuse to spend any time educating themselves.
JasonC SBB is offline   Reply With Quote
Old 10-10-2008, 01:21 PM   #4
Senior Member
 
Join Date: Jan 2007
Location: Maryland
Posts: 701
Total Cats: 0
Default

I'm just saying, I'm at work and even if I had speakers assuming people will just lightly take on a 47 minute video is a little naive. No one really reads forums other than for light reading or specific information they already know they need. I'm not saying it's not important or that it isn't worth while, but lets be realistic. People spend a good portion of their life understanding finances and the economy and dedicate themselves to its nuances.
MX_Eva is offline   Reply With Quote
Old 10-10-2008, 01:42 PM   #5
Elite Member
iTrader: (5)
 
Atlanta93LE's Avatar
 
Join Date: Sep 2006
Location: Marietta, GA
Posts: 2,198
Total Cats: 1
Default

Your doom-and-gloom, fight the establishment, fear of authority posts grow weary.

Point me to a successful country where the majority of business is conducted through established capital, then we'll talk. There have been many Nobel prizes given to economists who have shown through multiple means that a capital market is crucial to efficient business practices. See "Law of One Price" for instance. Are the Nobel committees also corrupt with the evil devices of mainstream media, big business dictators, and pandering politicians?

Do you have to take the radical skeptic's view of everything in this world?
Atlanta93LE is offline   Reply With Quote
Old 10-10-2008, 02:03 PM   #6
Senior Member
 
Join Date: Mar 2007
Location: Denver, CO
Posts: 564
Total Cats: 0
Default

Quote:
Originally Posted by JasonC SBB View Post
Um, that **** only affects your LIFE.
Oh yeah? Really? Because this financial crisis hasn't effected me for ****. Except that gas has gone down, which is good.

Eat me.
jwarriner is offline   Reply With Quote
Old 10-10-2008, 02:58 PM   #7
Elite Member
iTrader: (9)
 
Saml01's Avatar
 
Join Date: Jul 2007
Location: NYC
Posts: 5,730
Total Cats: 2
Default

Fiat currency, thank ******* Nixon for that one. Idiot.

DOT foldered so I can watch the video later.
Saml01 is offline   Reply With Quote
Old 10-10-2008, 03:19 PM   #8
Elite Member
Thread Starter
 
Join Date: Jul 2005
Posts: 6,454
Total Cats: 80
Default

sam, it goes back to the Federal Reserve Act of 1913.
JasonC SBB is offline   Reply With Quote
Old 10-10-2008, 03:22 PM   #9
Elite Member
Thread Starter
 
Join Date: Jul 2005
Posts: 6,454
Total Cats: 80
Default

Quote:
Originally Posted by jwarriner View Post
Oh yeah? Really? Because this financial crisis hasn't effected me for ****. Except that gas has gone down, which is good.
Ignorance is bliss.
JasonC SBB is offline   Reply With Quote
Old 10-10-2008, 03:26 PM   #10
Elite Member
Thread Starter
 
Join Date: Jul 2005
Posts: 6,454
Total Cats: 80
Default

Quote:
Originally Posted by Atlanta93LE View Post
Your doom-and-gloom, fight the establishment, fear of authority posts grow weary.

Point me to a successful country where the majority of business is conducted through established capital, then we'll talk. There have been many Nobel prizes given to economists who have shown through multiple means that a capital market is crucial to efficient business practices.
I NEVER said capital markets are bad.
I said "DEBT-BASED fiat currencies are bad".
I like the idea of a NON-debt based fiat currency.

You commented without watching the video.
JasonC SBB is offline   Reply With Quote
Old 10-10-2008, 08:06 PM   #11
Elite Member
iTrader: (5)
 
Atlanta93LE's Avatar
 
Join Date: Sep 2006
Location: Marietta, GA
Posts: 2,198
Total Cats: 1
Default

Quote:
Originally Posted by JasonC SBB View Post

Don't comment unless you've watched it or understand our DEBT-based fiat currency system.
Quote:
Originally Posted by JasonC SBB View Post
You commented without watching the video.
I've seen parts before, and frankly, wasn't impressed.

I'm sorry, but your credibility for being able to post un-biased critiques of anything is quite low to me. I've given your postings the benefit of the doubt too many times, and wasted too long reading through and watching your various articles, videos, and presentations. Do they have points? Sure. Are they gospel? Hell no.

It's so easy to point out past errors, and criticize political and economic decisions from years past. It's also quite easy to throw around the "solution" of participating in local politics, and call people naive who challenge your ideas. So, what else are you doing to help the situation? Spreading radical, biased views of various apocalypse-causing phenomenon from half-educated "experts" to car forums? Neat.
Atlanta93LE is offline   Reply With Quote
Old 10-10-2008, 09:28 PM   #12
Elite Member
Thread Starter
 
Join Date: Jul 2005
Posts: 6,454
Total Cats: 80
Default

I see you didn't even try to understand what the video was saying.
JasonC SBB is offline   Reply With Quote
Old 10-10-2008, 10:30 PM   #13
Elite Member
iTrader: (9)
 
Saml01's Avatar
 
Join Date: Jul 2007
Location: NYC
Posts: 5,730
Total Cats: 2
Default

Quote:
Originally Posted by JasonC SBB View Post
sam, it goes back to the Federal Reserve Act of 1913.
No. That was when modern banking and currency was, i say, invented.

But it was thanks to Nixon was the dollar un-bound from gold here in the states. The only way our money means anything these days is our word, not how much gold we have in our reserve.
Saml01 is offline   Reply With Quote
Old 10-10-2008, 11:18 PM   #14
I'm Miserable!
iTrader: (5)
 
bryantaylor's Avatar
 
Join Date: Dec 2006
Location: jacksonville, fl
Posts: 1,720
Total Cats: 0
Default

bryantaylor is offline   Reply With Quote
Old 10-10-2008, 11:37 PM   #15
Elite Member
iTrader: (5)
 
Atlanta93LE's Avatar
 
Join Date: Sep 2006
Location: Marietta, GA
Posts: 2,198
Total Cats: 1
Default

Quote:
Originally Posted by JasonC SBB View Post
I see you didn't even try to understand what the video was saying.
I see you are arrogant and unrealistic.
Atlanta93LE is offline   Reply With Quote
Old 10-11-2008, 02:22 PM   #16
Senior Member
 
Join Date: Mar 2007
Location: Denver, CO
Posts: 564
Total Cats: 0
Default

Quote:
Originally Posted by JasonC SBB View Post
Ignorance is bliss.
Ignorance is constantly claiming the sky is falling.
jwarriner is offline   Reply With Quote
Old 10-11-2008, 02:40 PM   #17
Elite Member
Thread Starter
 
Join Date: Jul 2005
Posts: 6,454
Total Cats: 80
Default

The sky isn't falling, the stock market is.
JasonC SBB is offline   Reply With Quote
Old 10-11-2008, 02:43 PM   #18
Junior Member
 
Join Date: Sep 2008
Location: Tulsa, Oklahoma
Posts: 350
Total Cats: -1
Default

This is a waste of my time at the moment. I'll watch later when I have more time to kill... Until then, I'm gonna go look at entertaining threads.
944obscene is offline   Reply With Quote
 
 
Reply

Related Topics
Thread Thread Starter Forum Replies Last Post
Project Gemini - Turbo Civic on the Cheap Full_Tilt_Boogie Build Threads 57 07-19-2017 05:11 PM
WTB MP62 (Hotside) (NB2) Rick02R WTB 3 01-03-2016 08:18 PM
Expected intake temps on the track? tazswing Race Prep 20 10-03-2015 12:04 PM
Going back to stock. Need some 1.6 parts. Trent WTB 2 10-01-2015 01:15 PM
Leaky Wilwoods mx592 Suspension, Brakes, Drivetrain 1 10-01-2015 01:45 AM


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -4. The time now is 09:04 AM.