E + ? = (E x 1.01)

Ever wondered what "money" actually is? Where it comes from and how it all started?

Wonder no more. They don't teach this in schools. Prepare to be sick:

Money As Debt

Gee, I wonder how this will go.

Got a TL;DR?

Let me guess, the banks loan the government its money at interest so all the money our government uses is owed to the Federal Bank, amirite?

I'll still watch the video though, I like videos about how we're all slaves to the bankers

0.01E.
caps

Quote:

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Originally Posted by Omnis Dei

Let me guess, the banks loan the government its money at interest so all the money our government uses is owed to the Federal Bank, amirite?

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No you're not. The (insert any name) Bank doesn't have any "money" and never did, ever. "Money" doesn't exist and never did. Watch the film and it will quickly explain.

The mathematical formula on which the whole system is based is unsolvable. Loan + Interest can never be paid back, ever. The debt just gets passed around.

Watch the film to see how it all started.

Quote:

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Originally Posted by Xei

0.01E.

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In reply to your wrong answer, I shall paraphrase the words of the intellectual giant known as "Xei":

"In order to communicate, both parties must first agree on the definitions of the words/symbols used in said communication."

Watch the film. You'll see the maths quite early on. You may not understand it , though.. but I'm here to explain if you have any difficulties.

I watched this a few years ago. I remember trying to open a bank account many years ago and leaving the teller lost for words when I said, 'I want to open an account and I need to know how much I am going to have to pay the bank to look after my money. By the way, I also want to be assured that I won't be paid any interest for holding an account with this bank as I don't want to have my money involved at all in the banks unscrupulous methods of profiteering'.

Quote:

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Originally Posted by Oneiro

No you're not. The (insert any name) Bank doesn't have any "money" and never did, ever. "Money" doesn't exist and never did. Watch the film and it will quickly explain.

The mathematical formula on which the whole system is based is unsolvable. Loan + Interest can never be paid back, ever. The debt just gets passed around.

Watch the film to see how it all started.

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I did watch the video, actually. It's good. I simply presume people bitching about debt slavery are going to focus on the federal reserve more than fractional reserve banking. Too many conspiracy videos.

So what is your ideal solution to it?

Quote:

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Originally Posted by Omnis Dei

So what is your ideal solution to it?

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I don't understand the question. "Ideal" for whom? The poor? The rich? The inbetweeners? Landlords? The Monarchy? The Church? The flora and fauna? The planet?

You? Me?

*trick question*

You don't by any chance work for a bank, do you?

Quote:

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Originally Posted by Oneiro

In reply to your wrong answer, I shall paraphrase the words of the intellectual giant known as "Xei":

"In order to communicate, both parties must first agree on the definitions of the words/symbols used in said communication."

Watch the film. You'll see the maths quite early on. You may not understand it , though.. but I'm here to explain if you have any difficulties.

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http://imgs.xkcd.com/comics/words_that_end_in_gry.png

If you don't know how to use basic equations, please don't write any.

Quote:

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Originally Posted by Xei

Paraphrase: "In order to communicate, both parties must first agree on the definitions of the words/symbols used in said communication."

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Quote:

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Originally Posted by Xei

If you don't know how to use basic equations, please don't write any.

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If you ever realise that you need help in understanding something, you only have to swallow your pride and ask.

That's one of my all time favorite XKCDs.

Quote:

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Originally Posted by Oneiro

If you ever realise that you need help in understanding something, you only have to swallow your pride and ask.

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You don't seem to have any desire to communicate anything though. You've apparently used a human language (mathematics) in a way that no other human has ever done so, with no attempt at explanation, and then acted with ridiculous condescension when I used that language like every other person has ever used it. Are you sure the esoteric knowledge within the YouTube video hasn't made you a little contemptuous of the sheeple who remain ignorant?

Quote:

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Originally Posted by Oneiro

If you ever realise that you need help in understanding something, you only have to swallow your pride and ask.

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i'll take this point to heart, personally.

Still looking for a TL;DR.

Quote:

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Originally Posted by Oneiro

Oh dear. I've offended you. I'm so sorry. It's just that the boys and girls at the back can't hear, because the ones at the front are making so much noise, filling up empty space with reams of verbage, as they do, jockeying for position in the ME! ME! respect ME! 'like' button stakes. You've surely noticed what I mean, haven't you? It's alright dear, they can't really help it, you know. It's the hormones, you see. They kick in at about your age, and then all hell breaks loose! But don't worry dear. I mean, you're very nearly a man! Then it'll be different. You can hang out around the playground and the younger kids will dote on your every word! They'll even look up to you, yes really! I'd avoid the smart ones though. They can be cruel, you know? Disrespecting those who have so so much to say... and elbowing them out of the way as they see through all that pseudo-intellectual posing that such people do.

Anyway.. I have to go out for 2 minutes, dear. Will you be alright on your own? Why don't you try writing something, dear? That'll fill up your spacetime. Oh! Ha! I think that was a joke! Oh dear. Sorry dear.

Oh yes.. and if you need any help with your homework, I'm sure that others will turn up to help you. Have you ever tried that new Social Netposturing thingy? It's all the rage, you know. You might get some help there? Yes, education can be tough dear, but it's worth it.

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I really didn't mean to upset you so much; I only asked for an earnest attempt at clarification. It's just that, as they stand, and interpreted according to the English language as it is generally understood, your statements, i.e. that interest on loans can never be paid back, because E + x = 1.01E is an "unsolvable mathematical formula", are nonsense.

Quote:

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Originally Posted by Xei

I really didn't mean to upset you so much; I only asked for an earnest attempt at clarification. It's just that, as they stand, and interpreted according to the English language as it is generally understood, your statements, i.e. that interest on loans can never be paid back, because E + x = 1.01E is an "unsolvable mathematical formula", are nonsense.

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I'm not upset at all dear! And there was me thinking it was you! Silly me!

And thank you for your explanation.

But I'm thick, dear. What does "E" represent?

And did you get that from the video?

Quote:

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Originally Posted by Xei

i.e. that interest on loans can never be paid back, because E + x = 1.01E is an "unsolvable mathematical formula", are nonsense.

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Oh. Suitably admonished am I. I never knew that.

Ummmm.. would you like to borrow some money?

Quote:

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Originally Posted by BLUELINE976

Still looking for a TL;DR.

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And now a poem

Quote:

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Originally Posted by Bob Dylan

stay in line. stay in step. people
are afraid of someone who is not
in step with them. it makes them
look foolish t' themselves for
being in step. it might even
cross their minds that they themselves
are in the wrong step. do not run
nor cross the red line. if you go
too far out in any direction, they
will lose sight of you. they'll feel
threatened. thinking that they are
not a part of something that they
saw go past them, they'll feel
something's going on up there that
they don't know about. revenge
will set in. they will start thinking
of how t' get rid of you. act
mannerly towards them. if you don't,
they will take it personal. as you
come directly in contact face t' face
do not make it a secret of how
much you need them. if they sense
that you have no need for them,
the first thing they will do is
try t' make you need them. if
this doesn't work, they will tell
you of how much they don't need
you. if you do not show any sadness
at a remark such as this, they
will immediately tell other people
of how much they don't need you.
your name will begin t' come up
in circles where people gather
to tell about all the people they
don't need. you will begin t' get
famous this way. this, though, will
only get the people who you don't need
in the first place
all the more madder.
you will become
a whole topic of conversation.
needless t' say, these people
who don't need you will start
hating themselves for needing t' talk
about you. then you yourself will
start hating yourself for causing so
much hate. as you can see, it will
all end in one great gunburst.
never trust a cop in a raincoat.
when asked t' define yourself exactly,
say you are an exact mathematician.
do not say or do anything that
he who standing in front of you
watching cannot understand, he will
feel you know something he
doesn't. he will react with blinding
speed and write your name down.
talk on his terms. if his terms
are old-fashioned an' you've
passed that stage all the more easier
t' get back there. say what he
can understand clearly. say it simple
t' keep your tongue out of your
cheek. after he hears you, he can
label you good or bad. anyone will
do. t' some people, there is only
good an' bad. in any case, it will
make him feel somewhat important.
it is better t' stay away from
these people. be careful of
enthusiasm...it is all temporary
an' don't let it sway you. when asked
if you go t' church, always answer
yes, never look at your shoes. when
asked you you think of gene autry
singing of hard rains gonna fall say
that nobody can sing it as good as
peter, paul and mary. at the mention
of the president's name, eat a pint of
yogurt an' go t' sleep early...when
asked if you're a communist, sing
america the beautiful in an
italian accent. beat up nearest
street cleaner. if by any
chance you're caught naked in a
parked car, quick turn the radio on
full blast an' pretend
that you're driving. never leave
the house without a jar of peanut
butter. do not wear
matched socks. when asked to do 100
pushups always smoke a pound
of deodorant beforehand.
when asked if you're a capitalist, rip
open your shirt, sing buddy can
you spare a dime with your
right foot forward an' proceed t'
chew up a dollar bill.
do not sign any dotted line. do not
fall in trap of criticizing people
who do nothing else but criticize.
do Not create anything. it will be
misinterpreted. it will not change.
it will follow you the
rest of your life. when asked what you
do for a living say you laugh for
a living. be suspicious of people
who say that if you are not nice
t' them, they will commit suicide.
when asked if you care about
the world's problems, look deeply
into the eyes of he that asks
you, he will not ask you again. when
asked if you've spent time in jail,
announce proudly that some of your
best friends've asked you that.
beware of bathroom walls that've not
been written on. when told t' look at
yourself...never look. when asked
t' give your real name...never give it.

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I think the answer lie back when money was the equator of gold.
In the past for every banknote circulated the equal amount of gold was in the bank.
A process in which money wasn't based in a bubble and economy had a true face.
Now what people seem to miss is when that process stopped inflation started in every economy in the world which means that every economy in the world is getting through degradation as money don't represent the actual value of the labour and economic force.
After that the gap beetween classes became huge as when gold was equivalent of currency It wasn't possible for a man or an organization to hold tremendous amount of wealth.
Now the end of capitalism starts when this system starts eating itself thing that originaly started back at 1974.

This is why you see propably or these media propaganda for 2012 and global warming ect.
Is the effort to disorient human maze from the simple truth that when this system collapses economy is going to be reset.
And every man in the top of the pyramid gonna have to start all over again.
This is why you see a ressesion that started from the private sector transfered into nations.

And the first nation that is going to return the property of the banks to the public is going to get out of it.

The OP is being rude to Xei, - without merit to boot. That's gotta be a first. :-P

The only thing I'm interested in understanding is why the OP seems so guarded and on the offensive to non-threatening posts?

I didn't watch the whole video becuase its so incredibly idiotic. There is actually no problem at all. Constantly new money is made, old debts are just scratched, Debts are circulated. Thats how the money system has always worked and it doesn't take a genius to realize that.
Btw its very immature to carry a discussion on to another thread.