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Debt

1 rating: -4.0
Money (Obligation, Promise to pay) owed to others, usually banks or financial institutions
1 review about Debt

No Debt, NO Money! Why?

  • Jun 11, 2012
Rating:
-4
(Warning: What you're about to hear will change your world and concept of money. Do not embark on the videos if you choose NOT to know what is at stake!)

The topic reviewed should actually be on MONEY since debt essentially is money in this modern world of ours! In today's term, almost everyone owes some form of debt since it's been claimed that some 95% of our supply of money is in the form of debts. What you will be presented with by the following videos (some 3 hours + in total) will likely shock you about the truth about money and yet it is essential that you know what it is all about and not skipped these videos even if it takes you a week of your time to go through them all and absorb what's been said about money. All of us have the wrong and skewed view about what money really is!!!





I hope you've gone through the videos by the time you get to this paragraph. So, does it shock you to know:
  1. Our concept of money and banking are quite unrealistic to begin with?
  2. Our money are not really our money (for those who keep their $$$ at the bank) and that our world could be falling apart anytime soon even if we don't owe the banks a single cent?
  3. Our governments don't actually issue most of the money out there?
  4. If we all are able to pay up all our debts simultaneously, then there really isn't any money out there?
  5. The bankers are actually "screwing" us all big time? 
  6. The system will not hold out much longer and that when the floodgate is totally opened, we have nowhere to run for cover?
  7. The last financial crisis is merely a crisis of liquidity but the next one will be that of loss of systemic confidence and there is nothing any governments can do to redeem themselves as well as to safe keep our "wealth"?
  8. We are in for turbulent times and it's time to prepare for basic survival even if you don't think we can get out of it unscathed!
IF these don't depress you, then I'm not sure what will!
I came across the videos while looking up on Paul Krugman's (as I'm reading his latest book "End This Depression Now"), Joseph Stiglitz's (The Price of Inequality) and Niall Ferguson's (Civilization) talks. I've been reading up on books attempting to paint a picture of what's wrong with our economic world as I knew 2008 was just a prelude to the next "coming". 



There is really no easy way to say this and may be it's better one doesn't know what's going on in the world (I suspect most people won't want to know) but I urged you to as even if it's depressing there are something we all have to face with in our lifetime. And for those with kids to feed, it is imperative that you take the necessary precautions (else you'd end up like my childhood friend). 

So, to sum it all even if you don't read this review, do make sure you take time to go through at least the first video if not all of them! Stay prepared!
No Debt, NO Money! Why? No Debt, NO Money! Why? No Debt, NO Money! Why? No Debt, NO Money! Why?

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July 11, 2012
Some reviews and articles are well organized but dry, this one was absolutely fun to read as well as educational.
July 20, 2012
Thanks, Mike! :)
 
June 11, 2012
Excellent!
June 15, 2012
cool indeed. I don't like debt.
June 15, 2012
I agree.
 
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