Comments by "romanmir01" (@romanmir01) on "Big Banks Fined* For Rate-Rigging Scandal | *Slapped On Wrist" video.

  1. The TYT fat ass will not tell you the actual REASON for why banks can do that: FIAT GOVERNMENT ISSUED MONEY, that's why. You think it is at all possible to do this with GOLD being money? Real money? No.  Real money finds real interest rate.  It is only possible because the idiot collectivists allowed the gov't to steal the power to print notes and then allowed the gov't to stay in power once it defaulted on the gold behind that money..
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  2. Keated  Tin is a real commodity, better than saving in federal reserve notes.
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  3. Keated  Bitcoin is a speculative instrument and a fiat currency, which was established for the specific purpose of being a currency without any backing. There was no use for Bitcoins outside of monetary unlike with real commodities, there is no intrinsic value to Bitcoins and the protocol is free to be used by anybody to issue all sorts of other coins with other names, so there isn't even a barrier to entry.  Given all that, WTF are you talking about?
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  4. Keated  Intrinsic value is meaningless? Well then, the intrinsic value of your kidneys is meaningless.
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  5. trifacto  Gold standard means that there is actual gold that you can get for the bank note, gold can be manipulated, but it's much harder to manipulate a real object that requires energy and work and time to be collected and traded than manipulating meaningless paper and computer records.  As to stability, that's a stupid argument. For over 1000 years the Byzantine empire viewed gold as money. No fiat lasts even for a century.  Stability of gold is excellent, you can still buy almost the same exact things for gold today that you could buy 100 years ago as an example.  Still takes about 20 ounces to buy a car as it did 100 years ago.  Wheat cannot be used as money, as it rots and it is food, but you can use wheat to trade, you just can't use it as a store of value for very long.  You don't understand what the properties of money are to argue this, so go learn something useful, you are not good at economics.
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  6. ***** Fiat means BY DECREE, for fuck sakes, learn the language.
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  7. *****  So you don't understand that there is intrinsic value in your kidneys, at least from your own perspective (or whoever steals it from you)? 
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  8. *****  "Give me the ability to issue and control nation's money and I wouldn't care who writes the laws." - I am probably paraphrasing Rothschild here, but that's his quote from late eighteenth century.  The governments are running the largest ponzi scam operation in the world, and this ponzi scam is the fiat currency without any real money behind it. Money is a social construct, it is required to be something of value and something that stays valuable and doesn't spoil and doesn't rot, etc., so gold does very well being money. The governments hate gold and any real money because then they can't really steal - they are forced to tax.  Do you think it is MORAL for somebody to incur debts on behalf of UNSUSPECTING others? Think about that. Is it moral to get into debt that YOU cannot repay and that is going to be left over for others to repay, while they didn't in fact incur it, they didn't vote for it, they didn't profit from it.  Inflation  is just money printing, inflation is not rising prices, rising prices are an inevitable consequence of inflation, but prices don't inflate, they rise. Money supply inflates or deflates, that's the real definition from a little while back, before they started changing the definition even in vocabularies.  Inflation is a way to expand gov't power without taxes, it's a way to steal savings from savers (and investment comes from savings). Inflation is a way to diminish the value of currency and as such, it is a way to LOWER prices, including wages, so that's why gov'ts say that they 'need' inflation to encourage exports. In reality inflation simply lowers prices, so it's an equivalent of having a sale, selling your stuff cheaper, except with inflation you don't do it honestly and you don't really change the price of products, you change the price of money, which robs from everybody who holds that currency or assets denominated in that currency.  The reason for the economic disaster that is slowly unravelling (since 1971, when Nixon defaulted on the gold dollar) is inflation and the resulting growth of gov't power, resulting growth of monopolies through gov't power, resulting destruction of savings and thus of investment capital, destruction of competition, destruction of the law itself. Why does gov't pass more and more laws every year (tens of thousands of new laws)? Do they really have to change the basic criminal laws, like: don't murder? Don't steal? Don't rape? They don't, so why are they constantly inventing new laws unrelated to these things? It's because the gov't is growing, it's power is growing, it's size and it's reach is growing and it could NEVER grow this way if it was bound simply by taxes that could be extracted from the economy, because a slower economy would slow down the rate of extraction. Inflation, on the other hand, backed with a military force that promises to attack ANYBODY that questions the supremacy of the so called 'reserved' currency, now that's a powerful force that allows gov't and the most connected companies to keep growing, it's a feast among famine. The gov't is the force that is destroying the system and the problem is, that such a huge part of the population now is on the dole that they won't stop the gov't from this abuse, they won't remove it from power. It WILL lose the power but that will be quite dramatic and very traumatic as well.  This will happen once the world stops IMPORTING USA produced inflation.
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  9. *****  I am not missing anything, what you are missing is that without the mob silently granting powers to the gov't, the Constitution would still be enforced. It's the mob that silently (or very openly actually) votes for more handouts and it's the handouts that necessitate growth of gov't power. Gov't power grows by allowing gov't to do things that are not granted to it as powers, and that's what the mob does - steal more on our behalf, destroy the private property rights, destroy all individual rights as long as we get the crumbs.  Without the mob asking for these crumbs, there would be no corporations in gov't, because they wouldn't be able to buy anything there.  But this actually is the reason for the saying: you deserve the government that you have.
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  10. ***** I am not missing that point, yes, that's precisely it - the mob is stupid and jealous and ignorant, it's manipulated and it deserves everything that it gets. So I have a bucket of popcorn and a tall chair to sit in and watch this unfold, I love watching drama unfold.
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