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- Marshall McLuhan (media guru)
Only the small secrets need to be protected. The big ones are kept secret by public incredulity.
We are grateful to the Washington Post, the New York Times, Time magazine and other great publications whose directors have attended our meetings and respected the promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the world is now more sophisticated and prepared to march towards a world government. The supranatural sovereignty of an intellectual elite and world bankers is surely preferable to the National auto-determination practiced in past centuries.
If you want to claim all of those people are in some sort of global conspiracy to lie about their balance sheets, how is it that companies like Worldcom and Enron came down?
The reality is banks only loan money out based on the money they have. Not all of this money comes from depositors - this is true - most of it comes from the earnings on investments banks make with other peoples money.
Where is the conspiracy?
Originally posted by jackinthebox
I am convinced that the hardships so many people are facing today are the direct result of the terminally flawed economic system presented in this video. The results seem clear enough to me. Inflation, people losing their homes, severe decline in purchasing power and globalization are very real symptoms among many others that are more "conspiratorial" in nature.
Originally posted by jackintheboxI find now flaws in the facts or logic of the presentation. If anyone can provide factual data to refute the information presented, please do so. As I said, I am not a banker, therefore I do not claim to be an expert on the subject. If data is provided that contradicts the claims made in this video, I would certainly be willing to consider them.
Originally posted by jackintheboxI am not sure I understand the logic of this question. These are companies who were obviously lieing about their balance sheets, but happened to get caught. This is actually evidence that it is indeed ocurring on a large scale. Aside from that, I don't see how the collapse of any specific companies is evidence that the current economic system is not operated exactly as it has been presented. Any company can fail as easily as a house can be foreclosed on, or a car reposessed.
Originally posted by jackintheboxThis was already covered in the video presentation.
Originally posted by jackintheboxThe conspiracy is that a flawed economic system is being forced upon an unwitting population and upon governments that are powerless to stop it. The inevitable results of this system will be that the entirety of all global resources will be dominated by the an elite few, and a population crash of the human species will occur.
The financial hardships people face (and there is no evidence people are facing "more" hardships now than in the past) is a result of their own decisions. People choose to get into debt to buy houses, cars, or pretty clothes knowing that they will have to pay it back. That they choose not to read the terms of the loan is their stupidity - nothing more, nothing less. As far as national economic trends - where is your proof that these trends are not part of a cycle? I have yet to see any indicator of the national economy does not go up and down in cycles.
The video does not actually cite sources or fact, it simply declares to us what the author believes is true. It has no facts, so that you find no flaws in them is not surprising because it presents no way to question the facts other through sheer logic - as I have done. Telling people to disprove something which you have put out in fact is a fallacy of confusing the burden of proof principal. You have suggested a monetary conspiracy, it is not up to me to prove it. It is up to you.
The video claims banks are literally creating money, I have stated that the balance sheets for all public corporations are available for public consumption, and these sheets reveal to the cent where money came from and where it went. The point that companies got caught on their fuzzy accounting shows that banks really aren't making money out of thin air, because if they were, other companies would be falling right with them.
Yes, it was, which is why I pointed out that is offers no evidence and seems - using simple logic - to be wrong. Arguing that something is true because a video says it is = circular logic.
Very sweeping and grand assumptions here. How exactly is the economic system FORCED upon the people or other governments? America has had a revolution before, they could do so again if they really didn't want to accept this system. Other governments are free to choose their own monetary system, in fact, it is not in our national interest to impose our system on them - allowing them to come up with less advantageous systems gives us a competitive edge. Also, if this system is so bad - what are you proposed alternatives?
People often forget that in non-communist world, someone else will always have more money than you. Always. Even in a communist world the elite still have more money than you, they just hide it better. I am perfectly happy with people having more money than me - they either earned it, or were lucky enough to inherit it. Good for them. It is not up to me or my government to command people to give their money to me. It is up to me to earn my own money, or get lucky and marry some rich women.
Originally posted by jackintheboxThere is clear evidence that the position and power of the middle-class in America has been greatly diminshed in the past several decades. The evidence is the trend.
Originally posted by jackintheboxWhere it was once possible for the "American dream" to be had on a single income, it no longer is.....and many sentences of other stuff saying the same thing
Originally posted by jackintheboxYou are confusing American corporations with international bankers. The banks sit at the head of all tables. Corporations are owned by them the same way as a house is. When a corporation fails, it is liquidated, just as a foreclosed home will go up for auction. The fact that a homeowner may be using their credit cards in a "rob Peter to pay Paul" scenario has nothing to do with banking practices directly. Even if banks are making money against solid assests, they are doing it at a ration that will perpetually incur more debt. Balance sheets are merely part of the overall scheme.
Originally posted by jackintheboxIf a lawyer tells me that something is illegal, my logic dictates that he is probably accurate. The only way that I will not accept it as truth, is if someone equally or more qualified tells me otherwise. Or I can spend the next decade in school figuring it out for myself.
And actually on this subject, I have already done years of study. Not strictly in economics, but observing the trends I spoke of earlier. That is the results of the economic system being imposed upon us.
Originally posted by jackintheboxIt is about a system being imposed on the US since 1913. The system is being forced upon us through clandestine measures. This means that if the people actually understood what was happening, there just might be a revolution. Yes, governments are "free" to choose, but when JFK chose against the Fed bankers thay killed him for it. As to "competitive edge," well, it has really become irrelevant. It's not about competition anymore, it's about using up every resource available at breakneck speeds to keep the global economy from collapsing.
Originally posted by jackinthebox Communist system simply regimented the inevitable dread so that it was not polarized among the populous. Right now in America there could be a class war between the wretched impoverished and the opulant wealthy without anyone ever realizing that the real winners had already left the building and set up shop somewhere else. Perhaps this is what is already happening to America.
Originally posted by jackintheboxAs far as "people having more money than me," I really don't care about that either. I simply demand that I be provided with a means to earn enough money to provide for food, clothing and shelter. One man in America simply can not provide for his own basic living needs working a full-time job at minimum wage. Forget about supporting a family.
Originally posted by LightinDarkness
The banks are not incurring more debt, people are - because people are stupid.
People are stupid?? Wow, thats a pretty harsh statement... And your right the banks arent incurring debt, they are making it the only viable way for us to be the consumer society that we are. Our interest rates and currency are controlled by private bankers aka The fed, Which btw is illegal last time I checked...
Of course, the reality is that almost NO ONE who is independent or has a family works at minimum wage, and the supermajority of people that get paid the minimum wage are actually teenagers working and living with their parents. -LightinDarkness
Originally posted by LightinDarkness
Where is the conspiracy?
[edit on 10-12-2007 by LightinDarkness]
Originally posted by jackinthebox
Of course, the reality is that almost NO ONE who is independent or has a family works at minimum wage, and the supermajority of people that get paid the minimum wage are actually teenagers working and living with their parents. -LightinDarkness
Your statement is rank with ignorance that makes me sick to my stomach. Try telling this to the men and women who work at the supermarket, or your local fast-food place. Double-shifts, three jobs, just to keep some crappy apartment that costs almost as much in rent each month as a mortgage payment would.
Originally posted by dizziedame
If anyone has any economic knowledge they know how the system works. IMHO it's a good system.
What many people do not understand is that the masses of people don't have enough sense to take care of themselves. They are idiots, half wits, lazy, sorry or what ever label you want to put on them. They would not be productive citizens even in a perfect world of barter or money exchange. They don't pay their bills.
Originally posted by LightinDarkness
There are a very few of those people who got in debt beyond their control (medical reasons, things like that), but the majority do so because they BUY THINGS THEY CANNOT AFFORD.