mugabesunny mowi:

Apr 3, 2012 - no, im an expert because i know more than you will ever know. so go back to your school and enjoy being a slave.

mugabesunny mowi:

Apr 3, 2012 - yes most people have enough common sense not to listen to your bollocks. you are a pathetic low IQ degenerate. Now listen and learn.

pooptickler1337 mowi:

Apr 8, 2012 - Or we can just go back to the gold standard. To explain it simply, think of it like you are trying to buy bread with a piece of paper, opposed to buying bread with a piece of gold. The piece of paper (so called a banknote, federal reserve note, legal tender, etc) is just a piece of paper called a "fiat currency", and fiat means "authoritative"; basically, paper money is money because they tell you so. When you buy a loaf of bread with gold, the price will ALWAYS stay the same. Gold standard ftw.

Julio Reyes mowi:

Apr 12, 2012 - Simplest and fastest way to explain how the government and big bankers are fucking you...This is why I don't need a girlfriend LMFAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

koppellhinex mowi:

Apr 18, 2012 - CAPITALISM creates DRUG LORDS. LAWYERS. BANKERS. ELITE CRIMINALS. INEQUALITY. INSECURITY. GREED. RUTHLESS COMMUNISM. NWO. NAZI. TERRORISM. LAZY PEOPLE. REBEL POLITICIAN. ANARCHY. worst is WAR etc.. ☠ ☢ ☠ ☢ ☠ ☢ ☠ CAPITALISM was designed only for CORRUPT OPPORTUNISTIC MANIPULATIVE LAZY POLITICIAN. BANKERS. NARCOPOLITICIAN. JUDGES. CRIMINALS. DICTATORS. RULERS. KING. SULTANATE. EMPEROR etc.. HARD WORKING PEACE LOVING HAPPY HONEST SOCIETY were always the slave victim and poorly starve to death. :(

koppellhinex mowi:

Apr 18, 2012 - FIAT = KEYNESIANISM CAPITALISM.

galenwolf mowi:

Apr 19, 2012 - Yes it is, even bloody wikipedia got the that fact right. Since 1971 ALL reserve currencies have been fiat currencies.

impermanente mowi:

Apr 19, 2012 - No it is not, from the bloody wikipedia: "any money declared by a government to be legal tender". MONEY MUST BE DECLARED BY A GOVERNMENT, which means that a goverment of a country must have the ability to control the amount of money in existence at no cost and must owe its obligations in that currency. In the Euro zone case the currency is issued by the EC bank which the countries cannot themselves control. In common with a FIAT currency the Euro has the fact that it cannot be exchanged in gold.

galenwolf mowi:

Apr 19, 2012 - From the Bloody wikipedia: Article Fiat_money RIGHT AT THE TOP OF THE PAGE: Fiat money originated in 11th century China,[1] and its use became widespread during the Yuan and Ming dynasties.[2] The Nixon Shock of 1971 ended the direct convertibility of the United States dollar to gold. Since then all reserve currencies have been fiat currencies, including the US dollar and the euro. Since then all reserve currencies have been fiat currencies, including the US dollar and the EURO.

galenwolf mowi:

Apr 19, 2012 - Also, the US Dollar is fiat, and the US government has no fucking control over the amount of money in circulation because the US dollar is issued as a Federal Reserve note, not by the US government. The Federal reserve has no oversight by the US government and has been creating fiat currency as much as it pleases.

galenwolf mowi:

Apr 19, 2012 - Oh you also missed this bit: money without intrinsic value. The Euro is a currency without intrinsic value. Also from the article Eurozone: The eurozone (About this sound pronunciation (help·info)), officially called the euro area,[7] is an economic and monetary union (EMU) of 17 European Union (EU) member states that have adopted the euro (€) as their common currency and sole LEGAL TENDER. Each state individually has declared it as legal tender.

impermanente mowi:

Apr 19, 2012 - Wiki is wrong, euro is not a FIAT currency. Give me some time and I'll provide you the necessary references to prove this (no wiki obviously).

impermanente mowi:

Apr 19, 2012 - In the meanwhile think about the fact that Europe is a set of indipendent countries with their own goverments etc., it is not like USA with a central goverment. I am insisting on these points because the difference between USA or UK and the 17 Euro zone countries is huge in terms of what they can or cannot do with their currencies.

galenwolf mowi:

Apr 19, 2012 - Whilst the federal reserve has control over the US dollar and the US government owes the Fed over 5 trillion US dollars what the different euro zone countries and the US government can do is the same, bugger all.

impermanente mowi:

Apr 19, 2012 - Ok ok man you win. I am the bugger, I thought we could discuss about something. The sad thing is that people like you and your misconceptions are everywhere, especially in key positions of the society. I put a link here (your countrymates wrote it) but I already know that you won't read it. I see insulting it is better than communicating for you. Good luck anyway.

LucisFerre1 mowi:

Apr 20, 2012 - The existence of fiat money does not mean inevitable inflation as this video suggests, and more than half of our nation's money supply is not currency.

MrToddrific mowi:

Apr 24, 2012 - The existence of privately owned central banks does inevitably lead to inflation, because the corporation increases profits. Actually it is more likely to be more than 90% of our money supply is not in the form of FRNs. Fiduciary media, which is what you are speaking of, acts as money in the economy. An increase in fiduciary media is an increase in the monetary supply. When governments say they must avoid deflation, what they are speaking of is a decrease in fiduciary media/bank profit

babiesgonewildful mowi:

May 3, 2012 - amazing work.thank you

tiarekhalo1 mowi:

May 4, 2012 - Cool

neo1131 mowi:

May 6, 2012 - One of the best descriptions of Fiat Currency I have ever seen. Bravo!

summer2011leggo mowi:

May 18, 2012 - so baisically the us government is running on a pyramid scheme? whoah.

sahaja75 mowi:

May 21, 2012 - Man, you should start LOVE muslims first ! Why ? BECAUSE THESE ARE THE ONLY, ONLY and ONLY ONE RELIGION-ORIENTATED PPL WHO HATE, DESPITE and PROSECUTE THE USURY !!! Thank God, that AT LEAST THEY have that stamina and devotion !!! I'm not a muslim, i just discovered that EVERY NATION HAS IT's DIVINE ROLE ON THIS EARTH !!! (jews are NOT a nation, they are f*cking herd !!!)

KNICKSandDIMES mowi:

May 25, 2012 - fuck the banks

KNICKSandDIMES mowi:

May 25, 2012 - asher roth - sour patch kids remix.

KNICKSandDIMES mowi:

May 25, 2012 - revolution!!!!!!!!!!!!!