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| 08:56 AM | ||
| Users Online Now: 1,679 (Who's On?) | Visitors Today: 513,756 | |
| Pageviews Today: 792,350 | Threads Today: 308 | Posts Today: 4,116 |
| 08:56 AM | ||
Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it | |
| Anonymous Coward (OP) User ID: 77545963  United States11/16/2019 11:07 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it |
| Anonymous Coward User ID: 78169373 United States11/16/2019 11:08 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Work or labor (Production) is sold in the future, for money now. That is why there is always debt. Gold or silver and the money itself that was convertible into that Gold (Store of labor)is no more. All the money created now is to shore up leverage for the money that is owed back in the future. |
| Anonymous Coward User ID: 76809044 United States11/16/2019 11:09 AM Report Abusive Post Report Copyright Violation | |
| Levi Philos User ID: 590644 United States11/16/2019 11:09 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Andreas Antonopoulos has said at several different presentations that money is a communication. (Andreas says a language) Search you tube... the London presentation is one; this is another: [link to www.youtube.com (secure)] (25 minutes) |
| Anonymous Coward User ID: 77959586 United States11/16/2019 11:10 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Serious question. The world is a closed system. Assets just don’t evaporate into space. So how can every single country on earth be in debt? Quoting: Anonymous Coward 77545963 [link to en.m.wikipedia.org (secure)] In a closed system, if I take a Euro from you, I have a Euro. It doesn’t go anywhere, unless I owe someone else a Euro. If I give it to them, THEY have a Euro. So if money and goods are leaving one country (leaving it in debt like the US is), shouldn’t another country be wealthy from receiving the goods? Even oil rich countries like UAE and Qatar are in debt. How is it that every. Single. Country. In the world is in massive debt? One country should be massively wealthy if funds were taken from all the countries, right? Can someone explain it to me? Because central fractional reserve banking. It's designed never to balance out. Money in the system is NOT zero sum, there is more debt than credit, it's a debt based system. |
TIO JUAN
 User ID: 78120747  Mexico11/16/2019 11:13 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Serious question. The world is a closed system. Assets just don’t evaporate into space. So how can every single country on earth be in debt? Quoting: Anonymous Coward 77545963 [link to en.m.wikipedia.org (secure)] In a closed system, if I take a Euro from you, I have a Euro. It doesn’t go anywhere, unless I owe someone else a Euro. If I give it to them, THEY have a Euro. So if money and goods are leaving one country (leaving it in debt like the US is), shouldn’t another country be wealthy from receiving the goods? Even oil rich countries like UAE and Qatar are in debt. How is it that every. Single. Country. In the world is in massive debt? One country should be massively wealthy if funds were taken from all the countries, right? Can someone explain it to me? It is not a close system indeed !! Deep State has a parallel system where many resources go out and others go in. UNCLE JOHN |
| callit
User ID: 73855911 United States11/16/2019 11:13 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Thanks everyone, for your helpful answers. So since “wealth” can be created out of thin air (with interest payments, depreciation of assets, and payments going to things of no value), how can We The People turn the tables on the fiat system and DECREASE that debt? Is it only by making money backed by something of value like gold or oil? Quoting: Anonymous Coward 77545963 Thoughts are your greatest asset and biggest liability. The Power is in The Train of Thought. |
| Anonymous Coward User ID: 74909682 United States11/16/2019 11:13 AM Report Abusive Post Report Copyright Violation | |
| Crypto-Tard
User ID: 78144147 United States11/16/2019 11:14 AM  Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Your completely sane and practical thinking would be correct if we lived in a sane and practical world. However, we don’t. Instead we live in a world where assets are sold many times over and no one owns them (rehypotication). We also have made promises on the future are many times greater than the wealth actually available (pensions, credit..etc) and valuations based on stock buybacks rather than fundamentals. Quoting: Anonymous Coward 78168058 The result. We actually have less stuff than thought - rehypotication unwinds. Valuations drop - stocks valued at $100 are actually evaporated to $40 or less Then comes the deflation - which is actually a good and healthy part of the overall cycle but the imbalance has become so great that it will be devastating. Ah, thank you! I had to look up what “rehypotication” meant. So if someone can do that with wealth, why can’t a reverse rehypotication be done with debt? Are you essentially saying that the world debt owed is as false as the assets are? Bingo!  When you are afraid of losing your life, you have already lost your life. Don't be afraid. |
| Anonymous Coward User ID: 590644 United States11/16/2019 11:14 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it The elite oligarchs and the governments they create and control always attempt to control belief structures, and monetary systems are often times embedded within the religious belief structure. Centralized power structures and centralized money systems form a symbiotic pair; neither can exist without the other. Cryptocurrencies decentralize money and will result in decentralizing power later. You can expect the centralized power structures to resist cryptocurrencies in whatever manner deemed possible. However, no army ever put in the field could overcome the power of a better idea. |
| Anonymous Coward User ID: 76950059 United States11/16/2019 11:14 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it The final/ultimate endgame of all this won't be pretty. (think: scam.) |
| Anonymous Coward User ID: 76806425 United States11/16/2019 11:16 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it The intent & covert PURPOSE of the current banking system is for the owners to convert all that incoming interest money into real physical assets from out of nothing (paper-money-debt by you to them). Quoting: Anonymous Coward 76950059 The final/ultimate endgame of all this won't be pretty. (think: scam.) You’re seeing this now with the record number of CEOs retiring this year and the megarich jetting off to bunkers in Montana. They are taking their chips and going home leaving us with the bag. |
| Anonymous Coward User ID: 78171196  Canada11/16/2019 11:17 AM Report Abusive Post Report Copyright Violation | |
| jk User ID: 49787505 United States11/16/2019 11:19 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Serious question. The world is a closed system. Assets just don’t evaporate into space. So how can every single country on earth be in debt? Quoting: Anonymous Coward 77545963 [link to en.m.wikipedia.org (secure)] In a closed system, if I take a Euro from you, I have a Euro. It doesn’t go anywhere, unless I owe someone else a Euro. If I give it to them, THEY have a Euro. So if money and goods are leaving one country (leaving it in debt like the US is), shouldn’t another country be wealthy from receiving the goods? Even oil rich countries like UAE and Qatar are in debt. How is it that every. Single. Country. In the world is in massive debt? One country should be massively wealthy if funds were taken from all the countries, right? Can someone explain it to me? Friend, I tried to explain how it works (through a thread) a month or two ago. (Some made comments that proved they had not a clue - and got very argumentative). To this day...I'm still shocked at people that have FINANCIAL (SHOWS/PROGRAMS); names with large followers, and most of you would recognize them: yet they have no idea how the current global monetary system works. This thread (link below) will explain it (the key: yes, "money" is created and destroyed daily). "...Where Does the "money" Go?" Thread: A Quick Teaching Lesson for People on STOCK OR BOND MARKET CRASHES - Where Does the "Money" Go? Take care. |
| Levi Philos User ID: 590644 United States11/16/2019 11:20 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it There is speculation in the crypto community that BitCoin may act like gold and become the reference standard by which other cryptocurrencies are valued and traded. This video is technically complex and deserves two watchings: Andreas M. Antonopoulos on fungibility, privacy, Monero & the future of true digital cash! [link to www.youtube.com (secure)] (1.5 hour) |
| Anonymous Coward User ID: 78170800 United States11/16/2019 11:21 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78170800 United States11/16/2019 11:22 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it There is speculation in the crypto community that BitCoin may act like gold and become the reference standard by which other cryptocurrencies are valued and traded. Quoting: Levi Philos 590644 Except, I can hold gold. I cannot hold crypto. Gold works in long term power outages. Gold is immune to EMP's. Gold is waterproof. Gold cannot be hacked, but can be stolen if you are an idiot. Can keep going on and on and on. |
| Anonymous Coward User ID: 76950059 United States11/16/2019 11:23 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it The banksters also launder money into their own hidden banking system - undeground, off the books - that you probably don't even know about. So it would be VERY easy to create a recession or a depression without themselves getting burned. Talk about shell games... |
| Anonymous Coward User ID: 78109820 United States11/16/2019 11:29 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Everyone is in debt to each other. Basically, it's like everyone has a room full of gold, and owes their neighbor a room full of gold. No one has paid, so they are afraid if they pay they will have no gold, so they keep the gold rightfully owed the neighbor. Same amount of gold, just everyone in the analogy has the wrong gold! However, there is a drain. Uber rich folk do constantly siphon wealth out of the economy and acquire land, commodities, capital. They convert it to preps or buildings or gold and silver and stash it away, so a lot of the worlds labor and wealth goes to that. |
| Anonymous Coward User ID: 78139757 United States11/16/2019 11:31 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it To the green agenda, agenda 2030, veganism promotion, gmo foods, vaccines, geo-engineering, militarization of police, rewriting of history books, lgbtq funding, hormones, surgeries, transportation and resettlement costs for immigrants. Silencing people, government leaders, etc. |
| Anonymous Coward User ID: 76322957 United States11/16/2019 11:37 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it That is it in a nutshell. Actual money supply is nowhere close to equaling actual assets. Adding debt into the equation really creates a twilight zone. There was a time when most debt could be counted as someone else's asset, but not anymore. |
| Levi Philos User ID: 590644 United States11/16/2019 11:42 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it This 45 minute video was created by Paul Grignon who lives in the north end of Puget Sound on an island (not Vancouver) that is part of British Columbia. [link to www.youtube.com (secure)] Money: The Greatest Scam In History - What Is Money? Grignon has created an entire series of cartoon videos to explain the scam and it is worth your time to do some searching. |
| Anonymous Coward User ID: 76647789 United States11/16/2019 11:48 AM Report Abusive Post Report Copyright Violation | |
| Rosicrucian1 User ID: 70585940 Canada11/16/2019 11:49 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Serious question. The world is a closed system. Assets just don’t evaporate into space. So how can every single country on earth be in debt? Quoting: Anonymous Coward 77545963 [link to en.m.wikipedia.org (secure)] In a closed system, if I take a Euro from you, I have a Euro. It doesn’t go anywhere, unless I owe someone else a Euro. If I give it to them, THEY have a Euro. So if money and goods are leaving one country (leaving it in debt like the US is), shouldn’t another country be wealthy from receiving the goods? Even oil rich countries like UAE and Qatar are in debt. How is it that every. Single. Country. In the world is in massive debt? One country should be massively wealthy if funds were taken from all the countries, right? Can someone explain it to me? look at whose wealth in the world is growing exponentially... the 1%? |
| Levi Philos User ID: 590644 United States11/16/2019 11:50 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it There is speculation in the crypto community that BitCoin may act like gold and become the reference standard by which other cryptocurrencies are valued and traded. Quoting: Levi Philos 590644 Except, I can hold gold. I cannot hold crypto. Gold works in long term power outages. Gold is immune to EMP's. Gold is waterproof. Gold cannot be hacked, but can be stolen if you are an idiot. Can keep going on and on and on. Good luck with getting the gold back that the gov in collusion with the banks collectivized in the 1930s under Roosevelt. The gold wasn't the only thing that was collectivized. The fifth plank of the communist manifesto was also implemented. The credit of the nation was claimed to be the property of the government. The government in turn assigned the collectivized credit to the banks via a license process. (A license is a permission slip to do what would otherwise be illegal.) The banks are empowered via license to loan the collectivized credit back to the people (plus interest). |
| Anonymous Coward User ID: 73669863 United States11/16/2019 11:50 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 78170890 United States11/16/2019 11:53 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Thanks everyone, for your helpful answers. So since “wealth” can be created out of thin air (with interest payments, depreciation of assets, and payments going to things of no value), how can We The People turn the tables on the fiat system and DECREASE that debt? Is it only by making money backed by something of value like gold or oil? Quoting: Anonymous Coward 77545963 there doesn't need to be any debt at all. why does fiat money even need to be loaned? |
| Anonymous Coward User ID: 76809044 United States11/16/2019 11:53 AM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 11186567 United States11/16/2019 11:54 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Serious question. The world is a closed system. Assets just don’t evaporate into space. So how can every single country on earth be in debt? Quoting: Anonymous Coward 77545963 [link to en.m.wikipedia.org (secure)] In a closed system, if I take a Euro from you, I have a Euro. It doesn’t go anywhere, unless I owe someone else a Euro. If I give it to them, THEY have a Euro. So if money and goods are leaving one country (leaving it in debt like the US is), shouldn’t another country be wealthy from receiving the goods? Even oil rich countries like UAE and Qatar are in debt. How is it that every. Single. Country. In the world is in massive debt? One country should be massively wealthy if funds were taken from all the countries, right? Can someone explain it to me? What if all that money is going into the bank accounts of a few rich people? The countries they live in won't see that money. They'll only see some additional taxes in the interest accrued. |
| Levi Philos User ID: 590644 United States11/16/2019 11:55 AM Report Abusive Post Report Copyright Violation | Re: Where on earth is the money going? The world is a closed system. If one country loses money, another should gain it Confronting the Power Elite by Thomas Greco [link to beyondmoney.net (secure)] Two paragraphs copied here; go to link for the rest. The monopolization of credit I came to realize many years ago that the primary mechanism by which people can be, and are controlled, is the system of money, banking, and finance. The power elite have long known this and have used it to enrich themselves and consolidate their grip on power. Though we take it for granted, money has become an utter necessity for surviving in the modern world. But unlike water, air, food, and energy, money is not a natural substance—it is a human contrivance, and it has been contrived in such a way as to centralize power and concentrate wealth. Money today is essentially credit, and the control of our collective credit has been monopolized in the hands of a cartel comprised of huge private banks with the complicity of politicians who control central governments. This collusive arrangement between bankers and politicians disempowers people, businesses, and communities and enables the elite super-class to use the present centralized control mechanisms to their own advantage and purpose. It misallocates credit, making it both scarce and expensive for the productive private sector while enabling central governments to circumvent, by deficit spending, the natural limits imposed by its revenue streams of taxes and fees. Thus, there is virtually no limit to the amounts of resources that are lavished on the machinery of war and domination. Greco: An animated video that makes clear the credit nature of money and its sound basis is The Essence of Money, A Medieval Tale: [link to youtu.be (secure)] (7.7 minutes) Produced and voiced over by British Columbia Canada artist Paul Grignon |
