[M_B_S]

Video
https://www.youtube.com/watch?v=diEVmQZ1QfM

John Law and the Mississippi Bubble
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Dejavu in Europe 2015 => look @ Greece


You can still create money out of nothing but untill now no energy

PEAK OIL

M_B_S

[M_B_S]

European Central Bank (ECB) starts buying privat loans in a massive scale.

The end is coming.... by LAW!

http://www.wsj.com/articles/ecb-readies ... 1465295439
Updated June 7, 2016 11:11 a.m. ET
1 COMMENTS
FRANKFURT—The European Central Bank has big expectations for its corporate-bond buying program, which kicks off Wednesday.

Top ECB officials have signaled in recent days that the keenly awaited stimulus program, announced in March, could help finally jolt the eurozone out of a yearslong low-inflation rut.

ECB President Mario Draghi cited corporate bond purchases as a reason for hope when he unveiled an unexpectedly weak set of inflation forecasts last week.

“We have to see the full impact of the measures that we have decided in March and that will have to be implemented yet, in June,” Mr. Draghi said, citing the corporate-bond purchases and a series of cheap four-year loans for banks, due to launch later this month.

The ECB has already bought more than €1 trillion ($1.14 trillion) of mainly government bonds under its quantitative easing program, launched 15 months ago. But this will be the first time that the Frankfurt-based central bank has ventured into the corporate bond market, a move aimed at directly spurring economic activity by lowering businesses’ borrowing costs.
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Creating money out of nothing!

q.e.d.

M_B_S

[M_B_S]

Its TIME to tell the truth again:

Germany preparing Deutsche Bank bailout plan, reports claim
Newspaper says government planning for ‘worst case scenario’, but troubled bank’s chief executive has denied asking for help......

https://www.theguardian.com/business/20 ... nment-help
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And the sheeple will make BÄHHHH while the Bankster makes money out of nothing....(debt) and fuckking the shepple from behind.....

M_B_S

[M_B_S]

Deutsche Bank shares collapsed by nearly 7% taking it close to a 30-year low on Thursday evening following reports that hedge funds were pulling assets from it amid suggestions the German government may be forced to bail it out....

https://www.theguardian.com/business/20 ... tructuring
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As Mr. LAW Mr. Ackermann ( 20%) is not seen anymore.....

Question: Why should German Michel bail out Mr. Ackermänner?

[M_B_S]

FRANKFURT, Germany (AP) — The European Central Bank is adding half a trillion euros ($579 billion) in stimulus to the eurozone economy as it hopes to support growth as Europe heads into what could be a tumultuous election year.
The chief monetary authority for the 19 countries that use the euro said Thursday it would keep injecting money into the economy through its bond-buying program until at least December, past the previous end date of March.


Read more: http://www.dailymail.co.uk/wires/ap/art ... z4SFfxd61A
Follow us: @MailOnline on Twitter | DailyMail on Facebook
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Create money out of nothing
Lets see when Dragy runs away .....

[DesuMaiden]

The whole banking system is such an obvious fraud that it is laughable. Fractional reserve banking, fiat currency and compound interest are all predicated upon infinite economic growth, which should be obvious to anyone with half-a-brain is impossible on a finite world. Especially compound or exponential growth is a concept that many (if not most) people fail to grasp. Besides, it is pointless having millions or billions of dollars in your bank account if that money is backed by nothing and is just a digit on a computer. Money cannot buy happiness. Worst of all, many super-rich people relied on very underhanded or immoral tactics to acculumate their vast wealth, which while it may not illegal, is still immoral and something not praiseworthy.

Being rich (in terms of having a lot of money) is NOT a virtue. Just look at Donald Trump. He is definitely a very unvirtuous person, yet he is one of the richest people in the world. Our modern society is so corrupted by mammon (or greed) that you need to be as predatory and ruthless as possible if you want to make a lot of money. Which is sad because so many people are so obssessed with making money that they lose track of the other things that actually bring happiness to life such as having good friends, family, virtuous accomplishments and bring happiness to other people.

[M_B_S]

https://www.theguardian.com/money/2017/ ... s-spending
Debt bubble returns millions to days of 2008 crash
Advisers call for action as growing numbers struggle with their bills

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Money is created out of nothingness so @ the end it is still nothing

How long could YOU eat nothing?


M_B_S

[Outcast_Searcher]

Money is a medium of exchange. Without it, having 7.5 billion people on the planet, trading and making a living would be rather impractical.

It's imperfect. Anyone with any sense knows that, and plans accordingly.

OTOH, the doomsteads have been largely unused (as far as real survival post-doom mode), and likely will be for our lifetimes. (Youngsters might still get some bennies from them, if they're lucky as AGW worsens).

So as everything, as all reasonably mature adults know, it's about balance and perspective.

Neither spending one's life eagerly awaiting doom or pretending like nothing could possibly go wrong (i.e. saving nothing, as few do, and living one minor incident away from disaster) makes much sense, for the vast majority of folks.

[M_B_S]

Do we need money if we have robots doing the whole work to get basic things?

THE Correct answer is NO

So do we need BANKSTER?

The correct answer is NO!

So what we need is a robot workforce doing the hard work for us to be free


https://www.theguardian.com/commentisfr ... r-obsolete
But imagine how that vision might change if such freedom were extended to everyone. Some day, probably not in our lifetimes but perhaps not long after, machines will be able to do most of the tasks that people can. At that point, a truly workless world should be possible. If everyone, not just the rich, had robots at their beck and call, then such powerful technology would free them from the need to submit to the realities of the market to put food on the table.
*************
https://www.cnbc.com/2016/11/04/elon-mu ... -wage.html

http://business.financialpost.com/news/ ... the-scenes

https://hardware.slashdot.org/story/17/ ... ithin-bank
PEAK OIL

M_B_S

[vtsnowedin]

Do we need money if we have robots doing the whole work to get basic things?

THE Correct answer is NO

So do we need BANKSTER?

The correct answer is NO!

So what we need is a robot workforce doing the hard work for us to be free


https://www.theguardian.com/commentisfr ... r-obsolete
But imagine how that vision might change if such freedom were extended to everyone. Some day, probably not in our lifetimes but perhaps not long after, machines will be able to do most of the tasks that people can. At that point, a truly workless world should be possible. If everyone, not just the rich, had robots at their beck and call, then such powerful technology would free them from the need to submit to the realities of the market to put food on the table.
*************
https://www.cnbc.com/2016/11/04/elon-mu ... -wage.html

http://business.financialpost.com/news/ ... the-scenes

https://hardware.slashdot.org/story/17/ ... ithin-bank
PEAK OIL

M_B_S

How do you pay for the robots and the materials they are made of if you don't have any money.

[M_B_S]

YOU do not need money to build robots just raw material energy and THE KNOW HOW BASE we have.

And by the way money is created out of nothing you understand?

0101010101 <=> E²=(pC)²+(mC²)² is your money accept it and build a robot society with me.

M_B_S

Background discussion

https://www.youtube.com/watch?v=ZM5jX-thwzU

Robots and artificial intelligence: utopia or dystopia? - Michael Roberts

[Outcast_Searcher]

Do we need money if we have robots doing the whole work to get basic things?

THE Correct answer is NO

Wrong. You might not call it money, but you'd need a workable, flexible medium of exchange, which, like it or not, is money.

Unless that is, you want to have no choice in what you buy and live hand to mouth based on what the government hands you according to some schedule. Hint: such a system would NOT be first world living.

....

I actually believe the robots are coming in HUGE numbers, and that the net result could be very good for people overall. (Self-driving cars would be one example of such robots).

So the issue is if the system comes up with a good way to DEAL with that reality. I think a robot tax on the owners of businesses utilizing them, to be used for some sort of basic guaranteed income for adults without jobs would be a decent model to use.

It's not perfect and might need to be tuned, but it's a hell of a lot better than some large percentage of the population living on current mismanaged welfare systems.

[M_B_S]

@ Outcast

You must think bigger and more radical:

http://www.paradism.org

Technology can free humanity from the slavery of work and money. Paradism is a political system that will lead humanity safely through the transformations that will give birth to a true paradise on Earth. It is based on new technologies, such as robotics, genetic engineering and nanotechnologies. All production, tools, services and resources that can be efficient without the involvement of a human being can be nationalized.The nationalization of all production, services and tools provided by robots renders money obsolete since these products, services and tools can now be free....
*************
PEAK OIL!

I tell you things you never dreamed
https://www.youtube.com/watch?time_cont ... PiBd0Z1c0g
M_B_S