Comments on: Money As Debt http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/ montessori at school, autonomous at home, all learning together Fri, 21 Nov 2008 03:20:15 +0000 http://wordpress.org/?v=2.6.1 By: Gill http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239895 Gill Fri, 02 Nov 2007 06:25:38 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239895 Oh how very interesting, in comparison to the fact we just (mostly unknowingly) spent in excess of our annual military budget bailing out a bank. :roll: Still, it's not even fake money now, is it? It's... it's... what can we call it? Spending our valuable debt?? *Brain explodes* Oh how very interesting, in comparison to the fact we just (mostly unknowingly) spent in excess of our annual military budget bailing out a bank. :roll:

Still, it’s not even fake money now, is it? It’s… it’s… what can we call it? Spending our valuable debt?? *Brain explodes*

]]> By: Tim http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239892 Tim Thu, 01 Nov 2007 21:50:50 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239892 No, today's headline is how it wasn't Ian Blair's fault that the Met is totally mismanaged. He is only in charge after all. No, today’s headline is how it wasn’t Ian Blair’s fault that the Met is totally mismanaged. He is only in charge after all.

]]> By: Tech http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239891 Tech Thu, 01 Nov 2007 21:42:30 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239891 ROFLMAO @ Gill! ROFLMAO @ Gill!

]]> By: Gill http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239890 Gill Thu, 01 Nov 2007 21:39:27 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239890 So that's a major news story, surely? I expect all the channels and papers are running it as their headline, of course...? So that’s a major news story, surely? I expect all the channels and papers are running it as their headline, of course…?

]]> By: Tim http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239889 Tim Thu, 01 Nov 2007 21:31:18 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239889 More than enough to pay the MOD budget for a whole year. More than enough to pay the MOD budget for a whole year.

]]> By: Gill http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239888 Gill Thu, 01 Nov 2007 21:14:48 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239888 £23bn????? "So we are talking about total public-sector exposure to the Rock of £40bn - equivalent to around 3% of our entire economy." ???? GASP :shock: £23bn?????

“So we are talking about total public-sector exposure to the Rock of £40bn - equivalent to around 3% of our entire economy.” ????

GASP :shock:

]]> By: Tim http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239887 Tim Thu, 01 Nov 2007 20:46:23 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239887 Sorry, still reeling from the shock of learning <a href="http://news.bbc.co.uk/2/hi/business/7073556.stm" rel="nofollow">I have just lent £730 to Northern Rock</a>. Yes, Tech, I think "extremely distressing upheaval" probably sums it up nicely. Sorry, still reeling from the shock of learning I have just lent £730 to Northern Rock.

Yes, Tech, I think “extremely distressing upheaval” probably sums it up nicely.

]]> By: Tech http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239886 Tech Thu, 01 Nov 2007 20:37:59 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239886 There will certainly come a time when something has to be done, unfortunately I think it will involve extremely distressing upheaval for us all. I think this is what is behind the increasing interest in going off grid, and bushcraft; people are aware that a change is in the offing, if only subconsciously, and are attempting to be prepared for that change. I'd heard it before too, but it took watching the video to make me realise why we are in the situation we are with regard increasing levels of personal debt, and to see just why third world debt will not be written off. It's a hell of a world we live in. :-( There will certainly come a time when something has to be done, unfortunately I think it will involve extremely distressing upheaval for us all. I think this is what is behind the increasing interest in going off grid, and bushcraft; people are aware that a change is in the offing, if only subconsciously, and are attempting to be prepared for that change.

I’d heard it before too, but it took watching the video to make me realise why we are in the situation we are with regard increasing levels of personal debt, and to see just why third world debt will not be written off. It’s a hell of a world we live in. :-(

]]> By: Gill http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239885 Gill Thu, 01 Nov 2007 19:26:56 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239885 I've kind of always known it too, but seeing it set out in such stark, unarguable terms is still a bit of a shock to the system - especially as bleary a system as mine is today! :roll: It's kind of obvious though when you think about it: evidence of prolific trading in debt is all around us. I remember feeling extremely perplexed back in about 1992 though to receive notice that the company I thought we owed our mortgage to had sold the debt on 3x without even bothering to inform us. That was when my little cogs started whirring on the subject! But there are lots of clues that add up to prove things are not as they seem, when you start looking, aren't there? The one thing I really disagreed with in the film was when it said something along the lines of: "Without the banks, we starve." If this is really true, we need to address it ASAP, don't we? Because it surely doesn't have to be - we didn't starve before them so why would we (en masse) afterwards? I’ve kind of always known it too, but seeing it set out in such stark, unarguable terms is still a bit of a shock to the system - especially as bleary a system as mine is today! :roll:

It’s kind of obvious though when you think about it: evidence of prolific trading in debt is all around us. I remember feeling extremely perplexed back in about 1992 though to receive notice that the company I thought we owed our mortgage to had sold the debt on 3x without even bothering to inform us. That was when my little cogs started whirring on the subject! But there are lots of clues that add up to prove things are not as they seem, when you start looking, aren’t there?

The one thing I really disagreed with in the film was when it said something along the lines of: “Without the banks, we starve.” If this is really true, we need to address it ASAP, don’t we? Because it surely doesn’t have to be - we didn’t starve before them so why would we (en masse) afterwards?

]]> By: Tim http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239884 Tim Thu, 01 Nov 2007 19:08:59 +0000 http://liveotherwise.co.uk/makingitup/2007/10/30/money-as-debt/#comment-239884 Tech, in the end, this will have to be fixed because of the implicit problem of finite world/infinite growth. The catch is, as you rightly say, the banks have huge power and will want to prevent it. So long as it persists, it means that any programme like 'Make Poverty History' or any real action on things like climate change will be no more than pissing in the wind because the whole system is geared to moving wealth from poor people to rich people. "Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money ." Tech, in the end, this will have to be fixed because of the implicit problem of finite world/infinite growth. The catch is, as you rightly say, the banks have huge power and will want to prevent it. So long as it persists, it means that any programme like ‘Make Poverty History’ or any real action on things like climate change will be no more than pissing in the wind because the whole system is geared to moving wealth from poor people to rich people.

“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money .”

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