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Yep. This doesn't even get into all the rediculous fees for electronically transferring money. ...or how messed up the stock market is... More
Added Feb 7, 2011
Channel Howto
Duration 11:42 | views 7328
VIP Comments 0
Recent Comments 162
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Tags jaimie mantzel money making discarding purchasing power economy economics compound interest bank banks corporate bail out outs corporations rip off yt:stretch=16:9
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Recent Comments (162)
LocoLibreisI Says:
DOWN WHIT SHEISTY MAN !
LearningAsIGo80 Says:
Don't you mean shylock man.
mariasman100 Says:
Actually, Scheisty Man came around AFTER money (including gold and silver) was established as a medium of exchange.
mrcrazyawesomeguy Says:
Hey Jaimie. Here in Denmark Our bank transfers are done within a day, so i'f you need more evidens that the american bank system is Toying around with your money, There it is ;)
TheHolySpirit Says:
Oh, and check out Bitcoin if you want a new way of transferring funds anywhere on the planet without a bank taking huge transfer fees.
TheHolySpirit Says:
Haha.. this story seems kinda familiar right now!!! :D The money coming into the limbo area is going to stop really soon! The day that happens isn't going to be a fun day if you've got money in the bank. See Zimbabwe in 2008, Or Argentina, or Turkey or Weimar Germany in the 1920s for details. Can you spell H-y-p-e-r-i-n-f-l-a-t-i-o-n?
scientrophic Says:
Your voice-acting is very funny. I laughed heartily. I started listening to Atlas Shrugged on tape at work to see what all the fuss is about, and one of the characters goes on a 20-minute tirade about the inherent morality of money as a unit of exchange between human beings who would otherwise negotiate with weapons, and that money motivates people to technological achievement because human beings are lazy by default. You are obviously a contradiction of these ideas. Those ideologues...
jeffery19677 Says:
If you didn't call stoyashot names, he would probably be more likely to listen to your argument. Name calling is for people who don't have a legitimate argument.
jeffery19677 Says:
Yeah, but stoyashot does make a good point. Another thing. "sheisty man" was government. Kings and such... The modern banker is heavily regulated and only does what the government allows. "Predatory Lending practices" were REQUIRED by the community investment act. You are blending government and fiat currency into one big glob. Money has its place, and there are bad guys doing business everywhere. Wow, this is the first time I disagreed with you...You are still cool. :-)
pinkydaslayer Says:
Why not just say "jew" instead of scheisty/bank man?
masonkim7 Says:
you weak sheep. instead of being a pussy and trying to not feel 'bad' try to face the problem at hand.
osolodo Says:
So true But I think of the economy as the matrix. It uses me And I use it* *honestly, at least I tell my family that my interest rates are extortionate.
MrDeverill Says:
So do you only deal in physical cash Jamie?
MrDeverill Says:
FANTASTIC video.
billgatesisevil Says:
read The Creature from Jekyll Island
squirrelbong Says:
this is my favorite video of yours...whenever I feel down about my finances I just watch this video and it puts everything back into the proper perspective.
SK8MAN9909 Says:
Ok my head hurts now but very insightful
slopedarmor Says:
This makes me remember zeigeist... which is not a bad thing.
Elephantintheroom01 Says:
So, JMe, do you use bank accounts? Internet banking? etc?
insanity54 Says:
It's reality, kid. Get used to it.
roidroid Says:
@215858452845 sounds complicated, why not just use the Euro instead?
littlestworkshop Says:
no
littlestworkshop Says:
roidroid Says:
yeah sad but true. but with subjective (ie: non-fiat) value, it's always the person with the best INFORMATION who comes out infront in those markets. (ie: the person who knows what's going on, what's cheapest, what's not, what's worth it, etc) When then add to the mix all of the industries that exist solely to make sure that YOU don't get good information. Public relations, Advertising, etcetc. They game the system and ruin capitalism, nothing can be done - it's a flawed system.
roidroid Says:
it's funny though coz rather than do it all yourself it's more efficient to professionalise. ie: you be a farmer, your neighbour can make your farming tools, and all up you produce much more food than you could both making your own tools and food separately. Bring more people into this arrangement, more pros, until you can no longer know everyone personally (too many ppl). congrats - you just built a new society. Argh - you're just right back where you started! lol