Backyard Aquaponics
A place to discuss aquaponics

You have got to watch these video on money!!!

1 of 5 http://www.youtube.com/watch?v=mhqO9sj0als
2 0f 5 http://www.youtube.com/watch?v=8C0VtDPWcBo&feature=related
3 of 5 http://www.youtube.com/watch?v=cmZ5bjx-Zxs
4 of 5 http://www.youtube.com/watch?v=-ZU_pBvTnN4
5 of 5 http://www.youtube.com/watch?v=f_5J4yh3Y8w

Should be compulsory viewing in all schools; like that's about to happen

I admit I havn't watched all of them but in the first one the only bits of information that were new to me were some of the historical aspects (Which is funny given my love of medieval history).

This info is readily available from a number of sources and I have had many arguments with my friends and I believe on this forum about the nature of money.

What I don't get is people see a video like this and act as if the information it imparts is shocking and that the practices portrayed are bad. IF you think the system is unfair because someone else is getting an unfair share of money then you could always buy shares in a bank so that you can get some too. Mind you if there is a run on the bank and it goes belly up that'll be too bad for you.

THere has been a flood of people on the radio and news, etc, syaing that the current crisis prooves that the capatilism dosn't work. I'd say that the current crisis prooves capitilism does work. People and institutions reach too far and the system gets out of balance and then it all falls down to start again.

I aggrees with sleepe though. If more people were taught this stuff in school then more people would be able to make intelligent decisions with what to do with their money and debt.

Mind you given the amount of time I have spent trying to teach these concepts to people so that they would be able to take advantage of them or at least be aware so that they could take counter measures it would probably be a waste of time. Most people don't want to know that money isn't real.

Well my grandad always used to say if you don't have the money don't buy it..... House not noicluded, mind you he only paid $2000 for his house @ 4% also 40-50 yrs ago, when I was working I talked to quite a few people and they all seemed to have the $10-20000 credit cards maxed out, their missus card as well, all the house furniture lg screen tvs, Stereos, all brand new furniture all on store credit(GE Cards etc...) and then the decide that they want a house as well. We are at the grandad stage which is great don't owe anyone anything less stress, pressure, just gotta put fod on the table hence AP ++++... So all I can say to you out there make your life easier is If you dont have the money and want something save up for it....plus it really makes people appreciate what they have

PS I forgot to comment on the school stuff.... Things can be learnt in the home too..... to much is being blamed on the school system when people don't want to or couldnt be bothered to teach their own kids stuff at home... We are supposed to learn off our parents, families and friends....We all need to take responsibility..We have 4 Kidlets with another due in two weeks.... We decided to have kids Its OUR responsibiltiy to teach...

DD, are you home schooling?

Agreed... my parents taught me about money, not the technicals of banks and how the come up with it, but definitely the evils and benefits of it.
For example, credit cards and car loans are pure evil, I've never had one, the only 1 I ever get will have a limit low enough to be fully paid off every month.
My wife has one, that I'm still trying to pay off, and a car loan too.

However, paying off one's house early, is not necessarily a good idea. Paying off a lot of it early is great, but a home loan is the cheapest loan you'll ever get (that the tax office knows about)
Inflation is your friend in this: My Dad taught me early on, an interesting lesson. I was dreaming of the day I'd buy a house, and lamenting at the cost (I'm an anal math head) of the repayments I would need to conjure from my almost negligable income, and how long it would take me to pay it off.
Dad asked me, "If I were to have to stop work, would you take on my home loan for me, so I don't lose my house?" I was a little concerned about this, knowing I had no way to afford it, and told him so. He then let me know, that his house worth over $1M was costing him $300 per month in repayments, as he was nearing the end of his loan, and 20 years ago, the house wasn't worth $1M.

He has repeatedly remortgaged the house, to use the funds for his business, and has done rather well for himself, where business or personal loans may have put him under.

My 2c... I do plan on watching the rest of the videos though... greater understanding is always good.

It is some very enlightening videos. But is definitely rediculous that they can charge so much for money they don't even have.

Yeah I really can understand why things might be heading down a bad path after watching a few vids and them saying that if people pay off too much debt the money stops flowing, that is I guess why Mr Rudd wants to give us money to splash around instead of payin of the C/Card....

Hi Jayme I like your system how its built up, lotta hard work there....The wife used to home school the eldest but he is being dumbed down in the state school system now, there are great fors and againsts for both systems....
home schooling was great for the 1on1, he'd finish his schooling in 3hrs...bad for socialising, had to put him into swimming club and soccer for the social aspect, yet when he went into the main system the kids teased him about being smart so he decided to play it dumb at school....sometimes they just make you want to shake your head....

Maybe We could start the first AP Bank you obviously dont need much money to pretend to make it hehe
life sometimes makes you wonder?????

Well the current money system amounts to usury and in the end a few people or companies will own a lot or your time paying it back. Thats what I resent, is basically being a slave to them, but then that is my choice after all.. I resent being forced into all the accompanying legal garbage that goes along with such a system even more. That is when I look at not being part of the madness you get crammed back into the mold.

Now, our entire society is based on this debt system and we have many nice things because of it, but at some point it must stop. You can not grow for ever. I think it was said that at 7% growth it doubles every 10 years. At some point its going to get a bit out of hand. OR, perhaps we need a jubilee year to reset the whole system )

Money is easily sustainable. Credit is not. At some point credit and debt need to be paid back. Money (or should I say currency?) is a simple form of barter that allows us to exchange things for a value that is held common among the people in the society.

Interest is a great servant, but a terrible master. It never sleeps, never takes a holiday, it is relentless.

I use a credit card constantly. It is a great way to track purchases, and keeps me from hauling around a checkbook. There are a few things that are absolute necessities if using a credit card:
1- pay it in full each month - otherwise you pay outrageous interest, and become a slave to your credit card.
2- never put more on it than you can pay off in a month.
3- do not use a card that carries fees.

In the 20+ years I have had credit cards, my personal cards have cost me a couple hundred dollars (due to missing a payment on two different occasions.) I also get cash back for using the card, so overall, it's been a plus.

I usually put $2-3,000 on it each month (gas, groceries, etc.) - I immediately subtract that from my budget, and know that I can't spend that money twice.

If only the gov't could spend less than it steals from its citizens! And only spend the money once!

-Doug

money is the most sensible method there is for trading goods and services. our current financial system works because the very rich are willing to lend money to the poorer masses (most of us) in exchange for the money repaid + a bit extra for the risk and trouble of it.
the amount of risk involved is directly related to the amount extra we have to pay back. so a house SHOULD represent less risk because there is an asset that grows in value behind it. our current problems revolve around poor regulation and over sight in the american banking system, where the rich weren't being told the true story about who and what they were lending against, so they ended up losing money. only the fact they were loosing money was hidden until it was totally out of control (very very simple version of events).
Now the rich people (by which i mean banks and other lending sources) don't want to lend and we are back to a situation where we have to fend for our selfs.
our current system is the most stable and fair that's ever been, and i don't buy the notion that we are slaves - there are still REAL slaves in the world and i bet they'd be pissed off if you told them you thought you were a slave when the only problem you have is paying back a loan on your new car.

We sat down years ago and worked out every bill that we would get for the year. Then divided it by 52 and that was taken out of wages first. You get to spend the rest. As long as you don't look at the balance it works out great.

Outstanding videos DDM! Thank you.