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Discuss conspiracies, mysteries and paranormal phenomena.
2 posts • Page 1 of 1
its good doco, watch it if you havent seen it, less than 100 000 viewers so far
It talks about downsides of current economic system and why going back to gold standard in not an answer
Gold has value only because people believe in it however Gold has no inherent value same as paper money.
Fiat money is good idea if properly implemented i.e not allowing banks to loan out 10x more than they have in deposits, banks shd only lend the money they have and interest shd be no more than 1-2%, of course banks are in business to make $$ but there must be a limit set, in that case banks would not go bankrupt, bank runs would be imposible
The biggest flaw with fractional reserve banking is that banks lend money that they dont have at high interest
From Mr. Darcy to me:
Yeah a lot has been posted in the forum about this already. Feel free to post about in the threads about the central banks here.
Didn't the Rothschild start when they conned everyone into thinking Napoleon won the battle of waterloo? How did they conquer Britain? By taking over its stock market? Or through its monarchy? England was conquered in the 1600's I heard, without a shot, when William of Orange came from Holland took over the monarchy.
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