Do Not Watch This Video..., page 1/

reply to post by LightinDarkness

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.

There 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. Whereas it was once possible for the "American dream" to be had on a single income, it no longer is. Both parents work, leaving the children to practically raise themselves, and then we dare to ask "what is wrong with the children of today?" when another school shooting happens. As far as buying houses and cars, people need to live somewhere and be able to get to work. Very few people have the cash on hand to purchase these outright. So they take a loan agreeing to terms thay they can comply with at the time, but then find themselves out of work years down the road. This does not even touch the topic of how the cost of living has skyrocketed, while payrates plummet. Jobs that once paid for medical or other benefits have cut them. These are all ingredients of the overall trend. And it goes on much deeper than this.

I agree that we do see short-term trends in the economy that seem better or worse at times, but don't be nearsighted. The overall trend is that the American middle-class is becoming enslaved by debt, and this has nothing to do with irresponsible spending habits.

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.

I agree that this video does not cite outside sources, because it does not have to. This simply is the way the economy operates. Just because you have not been taught this before, does not make it untrue. As far as proving the conspiracy, this video is the evidence. The conspiracy is not the facts of how the economy operates, but that it is being imposed upon the population to their detriment and without their knowledge through deliberate obfuscation. This video is the evidence, not the conspiracy itself, so therefore the burden of proof rest on those who wish to disprove the validity of this testimony.

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.

Perhaps you 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.

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.

If 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.

Think of it this way, scientists have been able to prove that planets exist outside of our solar system based on their observations of the stars. They have not actually seen the planets themselves, but know that they exist based on their effect upon the star around which they revolve. You don't see electricity but you know it is there because the light turns on.

((((((I am running out of space here, so please do not post a response until I have responded to your last few paragraphs.)))))

To be continued momentarily...