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It really will be our downfall. Death by apathy & misinformation.

Random thought alert (this just hit me, haven't given much thought to it) Too many bubbles going on. Our entire way of life is based on growth like the housing bubble was based on growth. Could it be that the entire western civilization is one big bubble that is beginning to burst? Is the...

I personally despise President Obama, but that doesn't make everything he says wrong. I see nothing incorrect about the quoted statement. The internet does wipe out jobs, just like a harvesting combine wipes out jobs. It's an efficient tool, and low-to-no-skill work is an inefficient tool. This...

I'm not sure I get your point. Who is "people like you"? I have not met anyone in my everyday life who knows how frational reserve banking works. My estimate is that some oscene percentage, maybe 98%, of americans have no idea. And they don't want to know. Trying to get people to listen long...

I began a quest a couple of months back in response to noticing a trend of always needing to work herder and harder and recieving less and less value for my work. I studied frational reserve banking and this is one of the videos I ran across. It is by far the best. Too many videos out there take...

interesting question. Actually this happened before at the creation of banks, when trade was in gold. Consider this hypothetical scenario: in a town there are 3 people, each have 100 gold coins. a banker somes in and offers to pay the people a percentage if they deposit their money in his...

what's the likely extent of the damages from the upcoming collapse? What can I do to prepare? Where can I find some good reading on the topic?

What are your thoughts?

I've been thinking that the minimum wage is like a blue book value. Blue book value does not determine the actual value (selling price) of a car, but it is a guide; a starting point for negotiations. I think most jobs (hourly jobs anyways) are loosely based on minimum wage; in that, the...

If minimum wage were abolished tomorrow, what do you think would be the effect? I just had this discussion with a family member. said family member is very adamant that "something is only worth what someone else is willing to pay for it, including labor" - which I almost totally agree with...

My first post post took >24hrs to show up. I was beginning to think there was something wrong. Then it showed up, so I assume a human verified that I'm not a spambot, yet my reply to said post still has not shown up. Is there a threshold of posts I need before my posts appear automatically?

Thanks for all the info. I'm a better armed combattant in the war on ignorance now.

I have been in a debate online and I don't fully understand what I'm talking about. I have been trying to convey the point that banks loaning out money creates money that didn't previously exist into the economy (money multiplication) and I keep being told that the new money is just an illusion...