Comments by "Aden Wellsmith" (@adenwellsmith6908) on "Advertising is designed to make you miserable" video.

Where as the government will make you desperate. Still no comments on the fraudulent accounting of pensions by those civil servants.
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@keithparker1346 The topic is advertising causes debt, and debt is bad. So why is government debt good but personal debt bad?
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@WarrenPeaceOG Again. Why is you having £600,000 of pension debts, hidden off the books, a good thing? That's a very very bad thing. However, if you buy a house with a mortgage, say £250,000 of debt on a property worth £500,000, that's not a bad thing in my book. The cost of the mortgage is less than the equivalent rent, and you have the asset. But in general state debt is bad. It's just a wealth transfer
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Advertising is designed to get your to buy their product. If it doesn't do that it fails. So if debt is bad, government is the problem. 2.5 trillion of borrowing. 16 trillion of socialist pensions. ... Nuclear clean up, Losses on insurance contracts, The EU, Unpaid wages , Unpaid invoices, Expected payouts - eg post office, NHS damages..... all on top. So why would Richard want to hide the debt that his mates have created. I bet tomorrow it will be more debt is good for the government. Can he equally the one day between monopolies are bad and lets have a new monopoly run by the state.
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@kevingeoghegan294 Not true. Gold is a form of money. Bitcoin is a form of money. Zimbabwe has dumped is government money.
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@keithparker1346 Not the case. Bit coin is a variety of money In the past plenty of companies paid workers with tokens, coins that could be spent in the company shop. If you look at fiat banking most of the money creating is done by private companies, the banks. In the US in the past, all paper notes were private, it was just coin created by the state. That changed at the end of the Civil War. In the UK there was the Bristol Pound. So you are wrong.
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@WarrenPeaceOG No. That's easy to show its wrong. Back to the pensions. We keep M3 constant. Government takes NI in, it has the asset [the money] and it owes people a pension. It spends the money. The debt has gone up, but the money supply, M3 is constant. M3 is not the same thing national debt.
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@WarrenPeaceOG And the "National Debt" number is in reality the "National Borrowing". All part of the fraud.
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@keithparker1346 OK. So what makes up government debt? Here's the top 10. 1. Borrowing 2. State pension 3. Civil service pension 4. Unpaid wages 5. Unpaid invoices 6. The EU 7. Expected losses on insurance contracts 8. Expected damages (Post office, NHS etc) 9. Nuclear clean up (paid up front, state pays for the work) 10. Expected losses on guarantees. So I'll start you off. The borrowing is 2,478.17 bn. Can you put any numbers to the other debts?
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@keithparker1346 inflation linked debt. Money creation fails for that type of debt. See the equation of exchange
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@WarrenPeaceOG how big is M3
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It is. And the big debts? Governments. How are you going to pay your fair share of the state's pension debts? £600,000 a year at 10% per annum
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@stephfoxwell4620 agreed. But the big thing we need is explicit informed consent as a human right. Lots of people here are saying we can’t inform people.
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