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kuma
05-10-2008, 01:13 PM
If you could never figure out how this 'crisis' happened and understand how banks work, then watch this feature length documentary.

Money As Debt (http://video.google.com/videosearch?q=Money+as+debt&emb=0&aq=-1&oq=#)

Paul Grignon's 47-minute animated presentation (released almost 2 years ago) of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out.

He traces the history of how banks evolved and the role played by them and governments in today's finance.

Very educational and everyone should watch this.

msiablueskies
05-10-2008, 07:45 PM
If you could never figure out how this 'crisis' happened and understand how banks work, then watch this feature length documentary.

Money As Debt (http://video.google.com/videosearch?q=Money+as+debt&emb=0&aq=-1&oq=#)

Paul Grignon's 47-minute animated presentation (released almost 2 years ago) of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out.

He traces the history of how banks evolved and the role played by them and governments in today's finance.

Very educational and everyone should watch this.

thks for sharing the info

jianwei85
05-10-2008, 10:47 PM
informative material!

Active Koala
06-10-2008, 11:30 AM
This is indeed very informative. I encourage everyone to go through the slides....and you will know your money is actually just a piece of paper debt.

Active Koala
06-10-2008, 01:31 PM
I think the same problem exist for stock market. A company can be worth just 100 million but when it get listed, it can suddenly overnight has market cap 1 billion. The owner of the company suddenly became nearly 10 times richer. And those who bought, would have paid RM1 for every piece of paper belong to the company which only worth only 10sens of asset. So, these buyer actually became 10 times poorer as long as they are holding the paper. If you sell it to another buyer at RM1.5 per piece of paper, you gain 50sen but the new buyer is now 15 times poorer because he just paid RM1.50 for a piece of 10sen worth paper.

That is what the financial market is all about. It was create by greedy people to suck other people money. The way it operates is just a big legal MLM scheme. When the price of a piece of share get inflated bigger and bigger than what it really worth, it will one day collapse. Whoever bought at the higher price is left with a piece of worthless paper when this music chair game is over.

kuma
09-10-2008, 12:20 PM
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiraling figure.

US debt clock runs out of digits
http://news.bbc.co.uk/2/hi/business/7660409.stm

USJ27Resident
09-10-2008, 06:06 PM
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiraling figure.

My 2sens worth of economics... if you have 2sens to your name - that is what you are worth - if you spend 3 sens... then you are effectively a debtor...

As far as the US is concern... spending more than earnings is only gonna kill themselves... sooner or later, they are gonna dig themselves so deep in debt that the only way out would be by 'coming out' on China's side of the globe... :p

Active Koala
14-10-2008, 01:16 AM
I think the same problem exist for stock market. A company can be worth just 100 million but when it get listed, it can suddenly overnight has market cap 1 billion. The owner of the company suddenly became nearly 10 times richer. And those who bought, would have paid RM1 for every piece of paper belong to the company which only worth only 10sens of asset. So, these buyer actually became 10 times poorer as long as they are holding the paper. If you sell it to another buyer at RM1.5 per piece of paper, you gain 50sen but the new buyer is now 15 times poorer because he just paid RM1.50 for a piece of 10sen worth paper.

That is what the financial market is all about. It was create by greedy people to suck other people money. The way it operates is just a big legal MLM scheme. When the price of a piece of share get inflated bigger and bigger than what it really worth, it will one day collapse. Whoever bought at the higher price is left with a piece of worthless paper when this music chair game is over.

And now here's a story I read about how wall street works......

Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each. The villagers, seeing that there were many monkeys around, went into the forest and started catching them. The man bought thousands at $10 and, as supply started to diminish, the villagers stopped their effort.

He further announced that he would now buy monkeys at $20 for each.
This renewed the efforts of the villagers and they started catching
monkeys again. Soon the supply diminished even further and people
started going back to their farms. The offer increased to $25 each, and
the supply of monkeys became so small that it was an effort to even
find a monkey, let alone catch it!

The man now announced that he would buy monkeys at $50! However, since
he had to go to the city on some business, his assistant would now buy
on behalf of him. In the absence of the man, the assistant told the villagers. "Look at all these monkeys in the big cage that the man has collected.
I will sell them to you at $35, and when the man returns from the city, you can sell them to him for $50 each."

The villagers rounded up all their savings and bought all the monkeys.
They never saw the man nor his assistant again, only monkeys everywhere!
Now you have a better understanding of how Wall Street works.

kuma
14-10-2008, 02:03 AM
Active Koala > that's a good one! :D