Money! It's a gas.

in economics •  7 years ago 

One of the heroes around here is Eric Whoru.

(source)


His allegory of the federal reserve is pretty straight forward.

All money is loaned into existence.

No money is created to pay the interest.

This is as if GM loaned out 100 cars to 100 dealers at 10%.

Where do the extra cars come from?

GM didn't create them, just as the Fed didn't create any interest.

The only way to pay back the loan is to force other loans into default.

Every dollar in your pocket is a dollar from somebody else's bankruptcy.

Doesn't it make you proud to hold the misery of your neighbors in your hand?


His talkshoe.

His ideas in text.

His Yahoo group.

His page.



Have a perfectly peaceful day!

Minds.com

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Keep working, stop paying.

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Crypto freedom from economic enslavement!

Crypto freedom may be better in the beginning, but ultimately crapitalism will reassert it's self and the new boss will still enslave the poor, imo.

Until we cooperate and stop duplicating efforts in attempts to drive the competition out, what we have is what we get.

We can rearrange the deckchairs, but ultimately we still sail on crapitalust ships.

Keep working, stop paying.

Make your money and enjoy.

Well, we could just keep working, but stop paying, then everything is free.

Rather than buy the product of our labor back from those that don't labor at all.

The Federal Reserve is a private entity, it will just serve it's own interests, no heart, doesn't care.

Corporations suck!

No war, but the class war!