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This video claims (NOT inclusive): "The government doing nothing causes booms and busts""The reason the great depression happened was because of Andrew Jacksons hatred for central banks, and that the government did not take absolute control of the situation" "Getting off the gold standard was a heroic move" "Food prices dropping due to excess is a sign of market weakness" "The stock market crash and the great depression were not the same thing" "Margin buying was not nearly enough stimulation to fix the economy" "Deflation is much worse than inflation" All I can say is.. Jesus christ, these kids don't stand a chance in these hell holes. It's no wonder we have such an economically illiterate populace.

So couple of days back I was debating with a Socialist friend of mine who came out saying that states can borrow money as much as they want. I obviously asked him that how the hell could that be possible? Well this is how he explained it: 1. States don't have to pay back their debt because they theoretically last forever. 2. If states were to privatize or end public sector it would cause unemployment, which therefore would require these new unemployed people to be supported. So the state would need to borrow even more money to do so. 3. If state is getting in trouble with paying back it's debt, it can simply print more and more money and use it to pay the interest of the debt. He said that inflation would be a better choice than reducing public sector, because it only takes away money from INDIVIDUALS. Public sector provides services to everyone free of charge so it is more important than personal rights. I asked him while shocked that doesn't he agree that taxing somebody is actually ethically wrong? He answered: "No. It's because money is only numbers, not property." After this discussion I felt like tearing my eyeballs out with a fork. How can somebody just smile and say something like this? Please share your thoughts and opinions, as I would REALLY like to hear them! Markus FIN

http://www.bloomberg.com/news/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves.html