OT, The Credit Crush In Layman’s Terms.
Submitted: Monday, Oct 20, 2008 at 15:13
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Hairs & Fysh (NSW)
If your having trouble understanding how the world has got into the mess it’s now in,
please watch this.
Money As Debt.
Sorry It’s 45 minutes long, but worth it.
It explains a lot.
Reply By: Hairy (NT) - Monday, Oct 20, 2008 at 16:43
Monday, Oct 20, 2008 at 16:43
Gday,
Ive just watched the first 15mins...Interesting hey?
Cheers
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Reply By: Ray - Monday, Oct 20, 2008 at 16:57
Monday, Oct 20, 2008 at 16:57
That was very interesting.Just shows you how the banks are conning us. (Not forgetting the oil companies)
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Reply By: On Patrol & TONI - Monday, Oct 20, 2008 at 19:52
Monday, Oct 20, 2008 at 19:52
Jon
Watched it all, food for thought.
A bit scary to say the least.
Cheers Colin.
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Follow Up By: Hairs & Fysh (NSW) - Monday, Oct 20, 2008 at 20:01
Monday, Oct 20, 2008 at 20:01
It is Colin,
I kinda knew some of how it worked, but when it's explained like that it frightening how easily it can, and has come undone.
And the CEO's of these Financial institutions pocket millions from these practices.
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Reply By: willgethere - Tuesday, Oct 21, 2008 at 06:48
Tuesday, Oct 21, 2008 at 06:48
Absolutely Brilliant!! I think this should be put into the school system so we start teaching our children about the reality of debt and money
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Reply By: MrBitchi (QLD) - Tuesday, Oct 21, 2008 at 10:01
Tuesday, Oct 21, 2008 at 10:01
I'll be sitting my daughter down in front of this for sure....
Now I'm depressed. :-((
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Follow Up By: Member - Andrew (QLD) - Tuesday, Oct 21, 2008 at 11:36
Tuesday, Oct 21, 2008 at 11:36
I'm going to start my own bank now :-)
Andrew
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Reply By: Member - Boo Boo (NSW) - Tuesday, Oct 21, 2008 at 11:36
Tuesday, Oct 21, 2008 at 11:36
After watching the video all the way through, and even going back in a few
places I sat down and thought how can I insulate our family from the current system.
The frightning truth is neither I or anyone else can isolate themselves from the existing money system.
Individually We can be debt free, but we still rely on our super or interest on our investments for our income. Obviously if the system falls over completely then so does our income.
In other words being debt free is not going to isolate us from the money system should it meltdown completely instead of only being part boiled as it is now!
I suppose I had better go and finish my oil change and go fishing.
I have been told there are some good flathead here at
Agnes Water.
Seeya
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Reply By: Isuzumu - Tuesday, Oct 21, 2008 at 14:33
Tuesday, Oct 21, 2008 at 14:33
Good article Jon thanks.
Cheers Bruce
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Follow Up By: Hairs & Fysh (NSW) - Tuesday, Oct 21, 2008 at 16:30
Tuesday, Oct 21, 2008 at 16:30
Thanks Bruce,
Fysh does all our financial stuff, so I sat he dwon to watch it. I couldn't believe it, She sat through the whole lot.
When It was finished she was gob smacked.
As a few people have commented to me about it, No wonder we are in the mess that we are.
I think it should be shown at schools, in economics or business studies.
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