13 Oct '12, 12pm

What is Money?: Guys seen this i think its a simple way of explaining Money

All you people who think money is a medium of exchange don't know what money is and need to watch this. http://www.youtube.com/watch?v=rC720Cl3N-0 Money is a debt note. Banks take money and lend out 10:1 as debt. You have to earn these debt notes back to pay down your debt. Debt is slavery. When you don't take on debt, the government does it for you, and taxes you in debt notes so there is no escape. When there aren't enough debt notes the Fed has to print up more and this devalues saved debt notes forcing people to spend them into circulation. (velocity of money) The system is going the way of Do-do because there aren't enough jobs to earn the debt notes back. My local stores are even sacking checkout clerks and replacing them with self service checkout machines. It's crazy.

Full article: https://bitcointalk.org/index.php?topic=118230.0

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