$this->bbcode_second_pass_quote('MrBill', 'I') have addressed your points, but they were found wanting. No, I have not looked at any videos. I could not. I have finally downloaded Money Masters, but have not looked at it to the end. My evenings and weekends are spent lifting weights, running, swimming, cycling, playing tennis, drinking with buddies, getting laid and not obsessing with peak oil dot com. In short, I have a life.
Oh yah, I am in on it! ; - ) My very small company with 2-traders and 13-back office people have made one billion dollars in the past two years. Don't believe me? I will email you our audited financial statements. But first when 2006 is approved in March/April. I am not keeping track, but that puts me ahead of the Hunts or Jim Rogers nevermind the GSCI. To be honest it is sometimes about being in the right place at the right time. But I have some skin in the game. I am not on the sidelines jerking-off. You said you worked for some investment banks? Well, they work for me! HAHA!
PeakOil is You
Neat little video about the monetary system
Re: Neat little video about the monetary system
by MrBill » Sat 24 Feb 2007, 20:38:58
$this->bbcode_second_pass_quote('', 'Y')ou also have stated that our debt-based money system is not dependent upon economic growth.
That is utter nonsense.
That is utter nonsense.
EDITED:
I think, quite accurately, I posted that debt-based aquistions at the wrong prices could result in financial losses. I did state that the system demanded profits. Not debt. A subtle but important distinction.
MMASTERS you say, "whatever". I am disappointed. I thought you might challenge me at least to prove something. I mean you of all people worked on Wall Street AND for some of the biggest investmant banks. Plus you saw how rotten the system was. Now I offer to proof that I am a scum bag banker and will email you my audited financials, and your response is, "whatever"? What, should I write a book or make a video? ; - )
The organized state is a wonderful invention whereby everyone can live at someone else's expense.
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MrBill - Expert
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Re: Neat little video about the monetary system
by mmasters » Sat 24 Feb 2007, 21:11:12
What's there to say or prove that I haven't already? I've discussed the subject in depth, responded to your points and have recieved little in return. I'd rather debate facts and have a discussion based on substance then resort to all this dick waving bravado.
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mmasters - Intermediate Crude
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Re: Neat little video about the monetary system
by MonteQuest » Sat 24 Feb 2007, 21:15:49
$this->bbcode_second_pass_quote('MrBill', '')$this->bbcode_second_pass_quote('', 'Y')ou also have stated that our debt-based money system is not dependent upon economic growth.
That is utter nonsense.
That is utter nonsense.
EDITED:
I think, quite accurately, I posted that debt-based aquistions at the wrong prices could result in financial losses. I did state that the system demanded profits. Not debt. A subtle but important distinction.
And profits only come from growth in a capitalistic system. From my book, Madmen at the Helm:
$this->bbcode_second_pass_quote('', 'E')conomics 101—Capitalism must have growth and change in order to operate. The engine of capitalism is driven by wealthy investors who put their money into the economy in order to increase their wealth. If the economy offers no growth opportunities, then investors withdraw their money and the whole system collapses. A minor collapse is called a recession, and a major collapse is called a depression. Propaganda myth tells us that capitalism and free enterprise are one and the same thing. They are not. Under free enterprise a business can provide a service or product, make a profit in the process, and continue on stably for many years. Under capitalism such a business would be considered a failure—it does not provide a growth opportunity for an investor. Under capitalism, society is forced to continually destroy old ways of doing things and adopt new ways—not because it is good for society but because that is how wealthy investors can increase their wealth still further.
A Saudi saying, "My father rode a camel. I drive a car. My son flies a jet-plane. His son will ride a camel."
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MonteQuest - Expert
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