What is MONEY?

extension · #1 04-17-2008

Guys I want to talk to you about money. We are all here fighting for making more money. We will work for money until we die. But what is money and where it comes from?

The most money education any of you had was probably watching how money is made on discovery channel. None of you were educated on this subject in high school, or college.

Don't you think we should know more about money if we are to work for it our entire lives?

Watch this great educational movie: Money As Debt
it be the best 30 minutes you spend with your computer in years, promise.

Jonas · #2 04-17-2008

Do you have that on a working video server, like youtube? Google video only buffers 5 seconds of video at a time and then dies.

extension · #3 04-17-2008

YouTube - Money As Debt (1 of 5)
YouTube - Money As Debt (2 of 5)
YouTube - Money As Debt (3 of 5)
YouTube - Money As Debt (4 of 5)
YouTube - Money As Debt (5 of 5)

**aspkin** · #4 04-17-2008

I know more about money then most people I know. It's sad how people always wonder why they don't have any money, yet here they are spending left and right like it grows on trees. I've taken tons of classes on finances and banking, aced them all. I even worked at a bank for about a year.

Simply make more then you spend and you'll find you'll have more money then most of your friends.

GreenBean · #5 04-17-2008

Yep. Try to be very careful about ebay/paypal as well. Then you will not need to see the
loony doctor and take ulcer medication. ROFLMAO.

ebayaintstupid · #6 04-17-2008

most of my friends that are gay are rich.

Those that married, many had failed marriages, and pay through the nose for years and years.

Me? I am still paying after 15 years for one stupid mistake I made when i was a kid. And the amount I pay is obscene. And it could be much worse.

Go figure.

extension · #7 04-17-2008

These are really interesting things. How money is made? What is debt? And why there wouldn't be money without debt?

What I really want to know is, when money was invented - who decided who got how much?

We all think that if we work more and spend less we'd have more money. But that is none sense. What it will really do is make you work more and live less. In not so distant history they'd beat slaves to make them work more. Times have changed, now we have a desire to work more. We'll do anything for money.

Working more and spending less will not get you rich. If that was the case we'd have a lot of sanitation workers pulling 18 hour shifts and living in a mansion on South Beach.

Learn the fundamentals. That film lays it down good.

ebayaintstupid · #8 04-17-2008

Simple for me.

Jonas · #9 04-18-2008

Anyone familiar with Suzy Orman?

GreenBean · #10 04-18-2008

Suze Orman internationally acclaimed personal finance expert : The Suze Orman Show : Will & Trust Kit : FICO Kit : Insurance Kit : Women & Money

That's the gal that's a relative of Hillary and imjustme is it not?

MasterChief · #11 04-18-2008

Money is merely a form of communication that allows resources to be exchanged. Ergo, the value of money depends on the underlying resources.

I saw that Money as Debt video a long time ago. Neat. Though, as it is openly credited as being by some "Socialist" production. Caveat Emptor.

When they lay out an alternative to the current system - what they say is have people be paid in relation to the hours worked. Perfect for socialist power hungry politics.

Imagine, a elementary school teacher - "I worked 8 hours, I want the same as that other guy!"
The Other Guy - "I work 8 hours as an engineer designing massive bridges used by millions of people a month"

If youre interested in this money stuff, I think best book I read on this kind of stuff (without going into the near- conspiracy fact stuff in that "Money as Debt" Video) is Basic Economics: A Citizen's Guide to the Economy by Thomas Sowell.

MasterChief · #12 04-18-2008

Anyone familiar with Suzy Orman?

Rofl... I like to watch that show every Saturday just to laugh at people who get in 100,000 dollars of credit card debt, or wonder how they will pay off their student loans after they get a "degree" in 'dance', or 'pastry chef' or other assorted limp degrees.

MasterChief · #13 04-18-2008

Quote:

Originally Posted by Jonas

Do you have that on a working video server, like youtube? Google video only buffers 5 seconds of video at a time and then dies.

Just download it from Google, its worth keeping anyhow, and Google Videos (ipod) works on vlc player.

GreenBean · #14 04-18-2008

xxxchief, don't you know these poor sods are ebay sellers! ROFLMAO.

ebayaintstupid · #15 04-18-2008

with my ex.

MasterChief · #16 04-18-2008

Quote:

Originally Posted by ebayaintstupid

Simple for me.

Yeah,
Divorce Law in the west sucks. Check your pm.

extension · #17 04-18-2008

Quote:

Originally Posted by MasterChief

Money is merely a form of communication that allows resources to be exchanged. Ergo, the value of money depends on the underlying resources.

That would be in a perfect world. But that's not our monetary system. We have more money that we have resources. Do you actually believe that money is such a simple and innocent thing?

NO. Money is an instrument to keep us under control.

We now have Euro. In the near feature we will have Amerro. Then after that we will have a world currency, which is just as good in United States as it is in Japan, Australia, or middle east. We are moving toward globalization.

We will have global ID cards, with biometrics, facial recognition.

We will have chips implanted into us and used for identification.

This whole machine of world we live in is moving toward one thing, ABSOLUTE POWER AND CONTROL. We have a lot to be worried about, because absolute power corrupts absolutely.

Zeitgeist - Part 3: How The Bankers Control the World

Nothing, but nothing in the main stream media makes sense of events now and throughout history. Read and watch as much as "conspiracy" material as possible, and pieces of puzzle start to fall into place.

You think you're free? You are not, you are a slave.

You think you're human? You are not human.

You think above is not true? Well it is true, and I'm not even going to try to convince you otherwise.

GreenBean · #18 04-18-2008

YAHOO! Hanson returns!

ebayjustice · #19 04-18-2008

Most of the topics on this forum I find to be interesting. This one on the other hand is probably the most thought provoking.

Money is not control, greed is control. People's greed is what is controling them. All you have to do is look around and see how the perceived wants and needs have changed.

In most families both parents "need" to work, is this a fact or is this based on our new found "needs".

Most families "need" too cars, is this a fact or is this based on our new found needs.

When I was growing up our needs were far less than our needs today. We didn't need all the things we need today. How many people had multiple TV's DVD(VCR's) in there house. How many people had cars where the rims or stereos were worth more than the car. I think that as a society we have placed alot more value on ourselves than is deserved. It is odd to look at what people are being payed these days. I am hard pressed to understand how anyone could justify a salary in the mid 6 figure range. Who is worth that. Did this person cure some disease or did he just help to spread a growing disease. Sooner or later, because all economies are much more global than ever before, there will have to be an adjustment to compensation. It is either this or we shall continue to be nothing more than a nation of consumers as opposed to a nation of producers.

MasterChief · #20 04-18-2008

Quote:

Originally Posted by extension

That would be in a perfect world. But that's not our monetary system. We have more money that we have resources. Do you actually believe that money is such a simple and innocent thing?

NO. Money is an instrument to keep us under control.

I think you have it backwards. Or youre just itching to see a conspiracy (notice, I didnt disagree though).

Money is dependent on resources and cannot outgrow them. Period.
What banks are doing is adjusting the money supply, so as to claim more of the resources. That in no way contradicts the iron law that money depends on resources.

Dont believe me, go to present day Zimbabwe, or prewar Germany - total control of the money supply - hyperinflation - but no resources to go with it.

imjustme · #21 04-18-2008

Money is everywhere, you just need to know how to pick it up

Anyways, I have a rich wife that's 2 years younger than me on top (I'm just 25 anyways).

NowWhat · #22 04-18-2008

Quote:

Originally Posted by MasterChief

I think you have it backwards. Or youre just itching to see a conspiracy (notice, I didnt disagree though).

Money is dependent on resources and cannot outgrow them. Period.
What banks are doing is adjusting the money supply, so as to claim more of the resources. That in no way contradicts the iron law that money depends on resources.

Dont believe me, go to present day Zimbabwe, or prewar Germany - total control of the money supply - hyperinflation - but no resources to go with it.

Extension, masterchief is closer to correct. Money is power (real or potential) and control, therefore not limited by resources. and your "Zimbabwe, or prewar Germany" examples are not apt. Weimar Germany was probably the second richest country of the time (after the US). The problem was dislocation in the economy and irresponsible use of the printing press.

Money (power, control) is a socio-political concept and is not limited to resources.