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Nickswitz wrote:American Dream


It's sad that people actually think that this is more accurate than it is, I mean he got the loans right, but the whole conspiracy theory about the banks is going a little far...

What did they get right about the loans?

The fact that the bank loans out other people's money, that's about the extent that they got right.

And I have learned not to read Youtube comments, again...

Nickswitz wrote:The fact that the bank loans out other people's money, that's about the extent that they got right.

And I have learned not to read Youtube comments, again...

Yeah, I suppose that is true. That was quite sad really. They give the impression that lenders force credit cards down a persons throat.

An like they force loans down peoples thorats or even offer them freely, they don't, they are very strict about giving out money, they don't want you to owe them, they want you to pay them.

Also they hinted that the banks killed JFK... That was just weird.

Nickswitz wrote:Also they hinted that the banks killed JFK... That was just weird.

That is weird.





...Everyone knows the aliens had JFK killed.

Oh duh, never should have discounted the stupidity of the people who live around us.

That Banks video is weird. On one level, it sounded like absolute BS from start to finish. On the other... well I know next to nothing about the banking system, so I can't really call BS on it.

I did a little reading on the Federal Reserve, which the video alleges is a private bank. From the wiki article, the Federal Reserve was set up by an act of Congress, and the board of governors are Presidential appointees. Yes some of the members are drawn from private banks, but still, how is that not a government institution?

That's exactly it Graham, it's all a load of BS, and even someone who does some basic reading on the matter can figure it out.

Lighthawk wrote:Why Twilight is popular

You know... I am half-tempted to try my hand at original fiction, casting the vampires as, I don't know...

EVIL ABOMINATIONS AGAINST MAN AND GOD THAT ARE DEMONS LIVING INSIDE CORPSES AND KILL US FOR FOOD!!!!

Good idea? Bad idea? Middle of the road?

GrahamKennedy wrote:That Banks video is weird. On one level, it sounded like absolute BS from start to finish. On the other... well I know next to nothing about the banking system, so I can't really call BS on it.

I did a little reading on the Federal Reserve, which the video alleges is a private bank. From the wiki article, the Federal Reserve was set up by an act of Congress, and the board of governors are Presidential appointees. Yes some of the members are drawn from private banks, but still, how is that not a government institution?

The Fed is an odd institution. It is private in as much as its financial books and decisions are not subject to congressional oversight.

It's an odd comparison, but I suppose it's a bit like the BBC. The BBC is funded by a form of government taxation - a law requires everybody with a television to buy a license, with the money going to the BBC. Yes, even if you never watch the BBC or even if your TV is incapable of picking them up. The government also directly appoints the head of the BBC. Yet the BBC is not seen as an arm of the government and in general is fiercely protective of it's independence.

GrahamKennedy wrote:It's an odd comparison, but I suppose it's a bit like the BBC. The BBC is funded by a form of government taxation - a law requires everybody with a television to buy a license, with the money going to the BBC. Yes, even if you never watch the BBC or even if your TV is incapable of picking them up. The government also directly appoints the head of the BBC. Yet the BBC is not seen as an arm of the government and in general is fiercely protective of it's independence.

Having done no research on the BBC or the federal I would imagine they are set up this way because they are supposed to fulfill a rather important function which should not be on the whim, or at least not easily be influenced, by the government.

In case of the BBC it would probably be to deliver quality television and objective newscasts without being a propaganda machine for whatever government is currently in charge, yet publicaly funded so as to not be on the whim of corporations. For the federal bank it would be for being able to make monetary policy to benifit the economy without the government trying to run interference by granting election presents to the voters or being just plain incompetent and shortsighted.

Now I don't know if BBC is regarded as an objective and qualitative broadcasting institution or if the federal bank is competent at all, but I would imagine that this would be the basic idea behind the setup.

The BBC has historically been VERY highly regarded as a broadcaster. In fact there used to be a saying, "As true as the BBC."
These days they are still a major news organisation; on the broadcasting front they do okay, but a bit too much "soap and reality TV" for my liking.

I watch BBC World News on PBS over here every time I get the chance; it's much more balanced and not afraid of certain stories that could embarrass powerful people.