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Theme Changer

 Topic: Economics!

 (Read 2528 times)
  • 1« Previous thread | Next thread »
  • Economics!
     OP - March 16, 2012, 09:20 AM
    Okay, first of all, I have to say that I don't think I understand economics. We do take it at school, and I do get the highest grades, but I don't think I fully grasp it at a fundamental level. So I'm not going to give any opinions or comments, but I'm just going to put this here:

    http://www.youtube.com/watch?v=ArfPytAoeZ0&feature=related

    ... and see what you guys have to say. Watch the whole thing. The first two videos are just introductory -- it gets interesting in the third video.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #1 - March 16, 2012, 09:21 AM
    Our Econ teacher showed us this series at school. I'm left unconvinced, but I don't have enough knowledge to make a decision either way.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #2 - March 16, 2012, 11:15 AM
    nope sorry there harakaat, can't do youtube, aren't  there any text.
  • Re: Economics!
     Reply #3 - March 16, 2012, 11:49 AM
    Unfortunately no, Paree.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #4 - March 16, 2012, 03:20 PM
    Could you formulate a question one paragraph long or shorter instead of suggesting we watch 3 videos on youtube and then let you know what we think? Sounds a bit un-specific and a bit time consuming for those of us who are done studying introduction to economics...
    "That it is indeed the speech of an illustrious messenger" (The Koran 69:40)
  • Re: Economics!
     Reply #5 - March 16, 2012, 03:39 PM
    Came across this thread while working in economics homeowork Smiley   

    and agree with the guy above can u make it a question in text form?
    In my opinion a life without curiosity is not a life worth living
  • Re: Economics!
     Reply #6 - March 16, 2012, 03:51 PM
     Cheesy I generally interested in harakaat homework but I don't do economic, I'll leave this thread to the hand of others economic expert. goddo speed harakaat grin12
  • Re: Economics!
     Reply #7 - March 16, 2012, 05:48 PM
    Quote from: Alex Lam Meem on March 16, 2012, 03:20 PM
    Could you formulate a question one paragraph long or shorter instead of suggesting we watch 3 videos on youtube and then let you know what we think? Sounds a bit un-specific and a bit time consuming for those of us who are done studying introduction to economics...


    No, I can't. Basically the videos argue against the fractional banking reserve system, and the modern concepts of money and interest, and I don't trust myself to adequately summarize their points and argue their case myself. I can only promise that the videos are interesting and worth watching.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #8 - March 16, 2012, 05:57 PM
    If you want, you can skip straight to the third video.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #9 - March 16, 2012, 06:03 PM
    Yes, wouldn't life be much better if I had a bag of golden coins instead of paper money which only the evil government can draw print, what if all my savings one day will become as worthless as a mere bag filled with paper, which it really is? Maybe so harakaat. I don't know. One solution is not to have any extra money and the headache of how to preserve your riches is gone Smiley
    Anyway, sorry, but I am not going to watch the videos, though I suspect I've watched something similar already.
    "That it is indeed the speech of an illustrious messenger" (The Koran 69:40)
  • Re: Economics!
     Reply #10 - March 16, 2012, 06:20 PM
    I watched the first part, I am an Economist and I think that video is pretty flawed in some concepts, I would like to elaborate and lucubrate on the subject but it is such a broad topic that I don't know where to start from and I have a lot more important things to do.

    There are some pretty good explanations here, I accidentally ran into this, I read the Chapter where it is talking about the Basics of Banking, it has some good explanation:

    http://wfhummel.cnchost.com/

    William Hummel seems to be some kind of Genius.

    Read the site.
  • Re: Economics!
     Reply #11 - March 16, 2012, 06:25 PM
    Quote from: Alex Lam Meem on March 16, 2012, 06:03 PM
    Yes, wouldn't life be much better if I had a bag of golden coins instead of paper money which only the evil government can draw print, what if all my savings one day will become as worthless as a mere bag filled with paper, which it really is? Maybe so harakaat. I don't know. One solution is not to have any extra money and the headache of how to preserve your riches is gone Smiley
    Anyway, sorry, but I am not going to watch the videos, though I suspect I've watched something similar already.


    That's not at all what the videos talk about, but suit yourself.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #12 - March 16, 2012, 06:27 PM
    I hate videos myself, anyway, and I would not have watched it if it wasn't shown to us at school, so I understand.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #13 - March 16, 2012, 06:30 PM
    Check the link, I posted it above after editing my post:

    http://wfhummel.cnchost.com/

    Very simple and nice explanations given here.
  • Re: Economics!
     Reply #14 - March 16, 2012, 06:38 PM
    Quote from: sturmgewehr on March 16, 2012, 06:30 PM
    Check the link, I posted it above after editing my post:

    http://wfhummel.cnchost.com/

    Very simple and nice explanations given here.


     wacko This guy seems to have the same position as the dude who made the videos.
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #15 - March 16, 2012, 08:33 PM
    Money as debt 2 is much better...

    http://www.youtube.com/watch?v=rCu3fpg83TY

    Basically it shows that having an economic model based on infinite growth in a finite world (which is the paradigm the global economic system is built on) is impossible to sustain, and is destined to collapse.

    I agree.
    An alternative to religion;

    http://www.youtube.com/watch?v=i2nfXfTg92E

    http://www.youtube.com/watch?v=dWNW-NXEudk
  • Re: Economics!
     Reply #16 - March 16, 2012, 08:41 PM
    Here's Michael Ruppert warning people in '06 about the meltdown of '08, he explains how the paradigm of infinite growth is fundamentally responsible...

    http://www.youtube.com/watch?v=wjTP_Fco-oY
    An alternative to religion;

    http://www.youtube.com/watch?v=i2nfXfTg92E

    http://www.youtube.com/watch?v=dWNW-NXEudk
  • Re: Economics!
     Reply #17 - March 16, 2012, 10:37 PM
    .
    You need to read this book.
  • Re: Economics!
     Reply #18 - March 17, 2012, 04:51 AM
     Cheesy
    قل للمليحة في الخمار الأسود
    مـاذا فـعــلت بــناسـك مـتـعـبد

    قـد كـان شـمّر لــلـصلاة ثـيابه
    حتى خـطرت له بباب المسجد

    ردي عليـه صـلاتـه وصيـامــه
    لا تـقــتـلــيه بـحـق ديــن محمد
  • Re: Economics!
     Reply #19 - March 17, 2012, 07:16 AM
    Welcome to Austrian economics
    So once again I'm left with the classic Irish man's dilemma, do I eat the potato or do I let it ferment so I can drink it later?
    My political philosophy below
    http://www.youtube.com/watch?v=bwGat4i8pJI&feature=g-vrec
    Just kidding, here are some true heros
    http://www.youtube.com/watch?v=dBTgvK6LQqA
  • Re: Economics!
     Reply #20 - March 17, 2012, 07:42 AM
    Paul Gringon (who made money as debt) isn't an Austrian, but I know what you mean.
    An alternative to religion;

    http://www.youtube.com/watch?v=i2nfXfTg92E

    http://www.youtube.com/watch?v=dWNW-NXEudk
  • 1« Previous thread | Next thread »