Money is still worth something. The banks pay 1-5% for people to spend it. On credit cards of course. They just won’t pay 5% to save it.

Attacking savers is done because savers maintain some degree of freedom. It’s called “fuck you money” for a reason. The entire system is being designed to keep people in perpetual…

Why? Did you see the video? That’s not the typical appearance of someone who says ‘I can’t afford a car and the bus sucks so I’ll ride a bike’. Is there an outside chance of it? Sure. Anything is possible. Is it likely? no.

You attack people. Not facts and ideas. Notice how you lumped off ideas and once again ended with a personal attack on me. You want to play silly games. Knowledge changing perceptions is a fact. It doesn’t matter who says it.

You judge people instead of facts and ideas independently. That’s nice but if Charles Manson said the sun rose in the east it’s still a fact. It doesn’t matter if the financial system came about or is run by Jews, Greys, shape shifting lizards, or is just the product of people finding a way to rig the game in their…

I had forgotten about junkyard cars. Most yards I went to put a small segment of cars off to the side for sale as whole cars. Never saw any loan terms advertised so it would be straight up cash sale.

That’s when the fed buys a treasury bond or otherwise monetizes government debt. For garden variety fractional reserve banking the taxpayer is not on the hook until congress issues a bailout.

Transit systems are often like that. Hubs, stations, etc mean the trip is much longer in distance too. I think it was two buses two trains. My guess is that she takes the first bus from close to her home to a train station. That train takes her to a hub where she can then board the train that is on the line near her…

Enough to know I don’t like it, but if I was poor and it took a two hour transit trek down to a 45minute ride I would do it in the winter. The days where winter riding really sucks instead of just being unpleasant are relatively few and the bus will still be there for those.

Yes, a bicycle is going to do better than typical transit. Especially buses and over distances that would be a 15minute drive. Especially if you know neighborhood shortcuts. That said, I don’t think the woman in the story is going to be bicycling anywhere.

I’m with you on how things work when politics gets involved because government wants people poor and dependent but the fed doesn’t hand banks tax money. It creates it out of thin air. Modern money is loaned into existence. A few keystrokes on a computer and new money is created.

“every state runs a credit marketplace and every car loan is required to go through that marketplace”

The state took charge and instituted the (Prussian system) schools we know today to create fungible human resources for corporations, government, and military. The previous traditional american schools were more about things like understanding enough about finance to run your own business and such. That was their…

What Henry Ford believed or didn’t believe does not change the fact that if people in mass understood the financial system they would revolt. He could have believed it was conspiracy of lizard aliens behind it and that still wouldn’t invalidate the point of the quote.

The quote stands on its own merits of that if people understood how the system rips them off they wouldn’t be happy about it. Attacking the man who said it is nothing more than misdirection. Who’s promoting an idea of an international banking conspiracy? Oh of course, I started to mention that there are financial…

What government schools teach it? I had to learn about the monetary and financial system on my own. It wasn’t covered in any class in school. I didn’t argue the resources didn’t exist to learn on one’s own, but it certainly isn’t taught in the government schools to any reasonable degree.

Expecting people in this…

Just watched the whole video.... it goes into a tangent of people with financial problems being targeted by lenders and the loans being sold as investments. Why? Of course they stop short of going into that. That would get people dangerously close to things they aren’t supposed to discuss. Because the central banks…

“Postscript: as was pounded into my head in econ class after econ class, if you regulate “predatory” official lenders, you just create a market for predatory unofficial lenders, i.e. those using violence to enforce repayment.”

My HS required a basic “economics” class. I tested out of it and took another college level science class in its place. Given the simplicity of the test I don’t think anything of value was taught in the class.

“this is exactly why we need a life class to tell us about taxes buying cars or houses etc etc”

“Yes, many people will say “that’s what parents are for”...but parents suck...across the board. Mostly because there are no educational requirements to become a parent, no certifications for how and what you’re supposed to teach your children.”