Corrupt Banking System [Must WATCH for anyone with a brain]

must watch for anyone who has a brain

I've only watched the 1st video and it's really good...can't wait to watch the rest later this afternoon.

ya' damn right its good. thats the system we live in

Good lord get your left wing conspiracy theories out of here.

- Capt K

such nonsense.

Why did I even bother watching that? I need more vodka...

i don't know where you went to school, but this definitely isn't how i learned it. maybe you were too busy lobbying the school to shut down the campus taco bell or converting people to be vegans and missed out on your first quarter econ class.

Must WATCH for anyone with a brain(TO REJECT THIS BS)

Going for a burger.

It could've been worse. It could've been a whole bunch of Rick Roll videos.

you motherfuckers dont have to believe it

once all of your paper money becomes useless you will remember this

"you motherfuckers dont have to believe it"

Thank you for acknowledging reality and proving you are not completely cuckoo. If you want the bragging rights of claiming that others have to "believe it" join a cult or a religion.

That said, even if the first three videos are true...why is it "corrupt"?

au8, it is people like you that make me realize how fucking retarded most of the planet is. I only wish you went to a school that actually taught you something, and NO basket weaving and pot smoking is not a valid major.
Go back to singing kumbaya around a fire camp, while I work my butt off to make money and achieve something in life. In a few years when you won't be able to support your 8 kids I'll be the one providing them with welfare checks; so don't piss in the soup you will be eating in in the future.

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Remember, you will always be a salesman, no matter how fancy your title is.
- My ex girlfriend

If money is not backed by gold, then some entity must create it. Whether it is the government or banks that create it does not matter--it is still the same phenomenon.

I am surprised that finance professionals are not aware of how the modern banking system works. Shocked, actually.

"I am surprised that finance professionals are not aware of how the modern banking system works. Shocked, actually."

where are you getting this from?

and au8, as disjoint pointed out I cannot stand people like you. You are scum. Very undeducated, yet you believe you know everything.
Your videos were nonsense, i can't believe i actually even contemplated watching any of them.
The first video just talks simply how money went from being backed by gold to not being backed by anything due to bretton woods.
If you had half the fucking brain you would understand the pros and cons of having money backed by gold. If you had any education at all you would see the downfall that such a regime had in the previous history. Backing money by gold removes any monetary policies the government can use just to give one con, but i doubt you even know what a monetary policy is, so i'll stop wasting my time.

People are always way too quick to blow stuff like this off. I'm going to give these a watch, hopefully later today.

Some people need to calm down, he didn't take personal shots at anyone. You've got people like pebanker attacking the OP with shit like "you are scum." Damn, you need to caaalllmmm down. Save that shit for people who ask about which group is better (GS TMT or MS M&A?!?!?!?!?), that kinda shit. For you to flip out over some videos on the internet is NOT a good look.

I only watched a bit into the 4th video, but I kind of heard the same thing over and over.

They don't discuss
1. Risk
2. Time Value of Money
3. Opportunity Cost

I kind of got a headache when they talked about lending without interest...

Anyways good discussion I guess!

I essentially agree with what you've said, although people might take you more seriously if you explained your viewpoint calmly and concisely.

People in this thread seem to be surprised by and interested in the contents of these videos. Yet if they already understood how the central banking system works, then watching these videos would do nothing to inform. For me, watching the first video was akin to hearing the most basic of mathematics explained in great detail.

My only complaint is that the videos emphasize only the downside of leaving the gold standard, not the upside.