http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html Sat, 17 Mar 2012 06:37:26 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15113 Juvenal4668 Thu, 29 Dec 2011 20:25:48 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15113 Entertaining and complete introduction to the history of money - if you can tolerate the gushing, sound-bite style of delivery. Entertaining and complete introduction to the history of money – if you can tolerate the gushing, sound-bite style of delivery.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15112 1classx Thu, 29 Dec 2011 19:40:27 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15112 Excellent. Very easy for even a beginner to understand. He doesn't try to rush through his topics. If you have a short attention span then skip the first 10 minutes, but I would definitely watch this series if you want to understand how modern economies work and how they came about. He is a professor at Harvard btw. Excellent. Very easy for even a beginner to understand. He doesn’t try to rush through his topics. If you have a short attention span then skip the first 10 minutes, but I would definitely watch this series if you want to understand how modern economies work and how they came about. He is a professor at Harvard btw.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15111 equsnarnd Thu, 29 Dec 2011 19:08:18 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15111 What an exceedingly interesting story and Ferguson is a master story teller. This is how history should be taught. For those who wish to dig deeper, go for it. But this gives such a wonderful architectural structure to the whole story. What an exceedingly interesting story and Ferguson is a master story teller. This is how history should be taught. For those who wish to dig deeper, go for it. But this gives such a wonderful architectural structure to the whole story.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15110 TimothyADonaghue Thu, 29 Dec 2011 19:02:55 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15110 I enjoy the work, but the problem is that Niall does not distinguish between REAL MONEY, which is commodity-based and valuable beyond just "trust"... and the inherently worthless fiat paper governments sponsor. Tsk tsk tsk. I enjoy the work, but the problem is that Niall does not distinguish between REAL MONEY, which is commodity-based and valuable beyond just “trust”… and the inherently worthless fiat paper governments sponsor. Tsk tsk tsk.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15109 bozzeed Thu, 29 Dec 2011 18:27:58 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15109 @TimothyADonaghue do you mean the dollar? which is not a commodity based money? @TimothyADonaghue do you mean the dollar? which is not a commodity based money?

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15108 0bs3n3 Thu, 29 Dec 2011 18:20:43 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15108 @TimothyADonaghue He explained in the video that if you back your currency with metals (such as silver) then that silver becomes as worthless as your paper currency. @TimothyADonaghue He explained in the video that if you back your currency with metals (such as silver) then that silver becomes as worthless as your paper currency.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15107 JpassTheTime Thu, 29 Dec 2011 17:52:48 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15107 @0bs3n3 i think he was just referring to the Spanish empire valuing gold. but im sure he realizes that in present day gold is only increasing in about 1% every year which doesn't effect the inflation of gold much, so its value is only changed by fiat currencies rather than the supply of gold. @0bs3n3 i think he was just referring to the Spanish empire valuing gold. but im sure he realizes that in present day gold is only increasing in about 1% every year which doesn’t effect the inflation of gold much, so its value is only changed by fiat currencies rather than the supply of gold.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15106 0bs3n3 Thu, 29 Dec 2011 17:36:08 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15106 @JpassTheTime Yes, he was referring to that, but making the broader point that the medium of exchange itself (be it gold or paper) has no intrinsic value. It's only value is what it can be traded for. The Spanish mining extra gold and the Zimbabweans printing money (with a lot less work) has the same effect. @JpassTheTime Yes, he was referring to that, but making the broader point that the medium of exchange itself (be it gold or paper) has no intrinsic value. It’s only value is what it can be traded for. The Spanish mining extra gold and the Zimbabweans printing money (with a lot less work) has the same effect.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15105 JpassTheTime Thu, 29 Dec 2011 16:44:38 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15105 @0bs3n3 i guess we agree then. misunderstanding. i think i meant to message TimothyADonaghue. he was the one confusing Niall's points with why we invest in gold today. @0bs3n3 i guess we agree then. misunderstanding. i think i meant to message TimothyADonaghue. he was the one confusing Niall’s points with why we invest in gold today.

]]> http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15104 cZiebenhaus Thu, 29 Dec 2011 16:07:58 +0000 http://yareo.net/money-crisis-if-banks-create-money-out-of-thin-air-when-they-loan-people-money-why-did-the-sub-prime-crisis-matter.html#comment-15104 FUCK DERIVATIVES FUCK DERIVATIVES

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