Tag Archives | Money

The Biggest Scam In The History Of Mankind (Debt Ceiling Truth)

Via HiddenSecretsOfMoney.Com

“A really efficient totalitarian state would be one in which the of slaves who do not have to be coerced, because they love their servitude.” – Aldous Huxley

“By this means the government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.”  – John Maynard Keynes

Just a short examination of the inner workings of the insidious horror that is the “Federal” Reserve system.

*$5.00 in fiat currency to the first con$umer cannibal, who can reveal the dominant stock holders of Molech Inc, aka The Federal Reserve.

 

 

 

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Financial Insecurity Causes Temporary IQ Drop Of 13 Points

moneyHow poverty impacts people, via the Seattle Times:

People worrying about having enough money to pay bills tend to lose temporarily the equivalent of 13 IQ points, scientists found when they gave intelligence tests to shoppers at a New Jersey mall and farmers in India.

Dealing with financial strain consumes so much mental energy that people struggling to make ends meet often have little brainpower left for anything else, leaving them more susceptible to bad decisions that can perpetuate their situation, according to the new study.

Mullainathan and colleagues tested the same 464 farmers in the sugar-cane fields of India before and after the harvest and their IQ scores improved by 25 percent when their wallets fattened. Before the harvest, the farmers take out loans and pawn goods. After they sell their harvest, they are flush with cash.

In the New Jersey part of the study, the scientists tested about 400 shoppers at Quaker Bridge Mall, presenting them with scenarios that involved a large and a small car-repair bill.

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The Incan Empire: Wealth Without Money

picchuFor students of economics and ancient civilizations alike, the strange economy of the Incan Empire is fascinating. Annalee Newitz writes for io9:

In the fifteenth and sixteenth centuries, the Inca Empire was the largest South America had ever known. Rich in foodstuffs, textiles, gold, and coca, the Inca were masters of city building but nevertheless had no money. In fact, they had no marketplaces at all.

Centered in Peru, Inca territory stretched across the Andes’ mountain tops and down to the shoreline, incorporating lands from today’s Colombia, Chile, Bolivia, Ecuador, Argentina and Peru – all connected by a vast highway system whose complexity rivaled any in the Old World. The Inca Empire may be the only advanced civilization in history to have no class of traders, and no commerce of any kind within its boundaries. How did they do it?

Many aspects of Incan life remain mysterious, in part because our accounts of Incan life come from the Spanish invaders who effectively wiped them out.

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Rich People Feel Poor If They Have Less Than $5 Million

wealthyVia ThinkProgress, a survey of investors reveals the self-perception of the affluent in our deeply unequal society. More than two-thirds of millionaires do not feel that they are wealthy, and two-fifths of those with more than $5 million still feel non-wealthy:

Rich investors say that it takes at least $5 million to feel wealthy, according to a new investor sentiment report from UBS.

They also define being wealthy not as having a certain amount of money, but having “no financial constraints on what they do.” That does indeed likely come with a large price tag.

The inflation of how much the rich thinks it takes to be rich comes at a time of skyrocketing income inequality. The good news for the uber rich is that less than 20 percent have a pessimistic view of the long-term economic outlook. That differs sharply from the general population, as half of Americans say the economy is getting worse.

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The Danger Of Putting A Price On Everything

market societyVia Motherboard, Harvard philosophy professor Michael Sandel on our slide toward a market society:

In recent decades we’ve been in the grip of market faith, which says that markets are the primary instrument for achieving the public good. This assumption has gone largely unquestioned in the past 30 years. As a result from that we have drifted from being a market economy to being a market society.

A market economy is a valuable tool for organizing productive activity. A market society, on the other hand, is a place where everything is up for sale, in which money and market values begin to dominate every aspect of life. From family and personal relationships to health, education, civic life, and politics. We need to step back and ask some fundamental questions about what the role of money and markets should be.

Utilitarianism assumes that all good things in life can be translated into a single uniform currency or a measure of value, typically money.

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PayPal And SETI Are Working On An Off-Planet Currency

off-planet currencyEarthly problems are being spread to outer space. The International Business Times reports:

On Thursday, the online payment giant PayPal announced PayPal Galactic, a collaboration with the SETI Institute aimed at developing new payment systems for the final frontier. The frontier is here: Virgin Galactic is launching its first public flight this Christmas, and space hotels could be in orbit around Earth as early as 2016.

“As space tourism programs are opening space travel to ‘the rest of us,’ this drives questions about the commercialization of space,” PayPal President David Marcus said. “One thing is clear: We won’t be using cash in space.”

There are lots of questions about what form a space-friendly money system might take. Will spaceships and habitats have the communications technology needed to transfer money? How will banks manage accounts for people living off-planet? How will government financial regulations pertain to people in space (perhaps to curtail a new kind of “offshore banking”)?

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Study Suggests Thinking About Money Causes Immoral Behavior

thinking about moneyEven thinking about money causes immoral behavior? A reminder to keep your thoughts clean via MarketWatch:

People are more likely to lie or make immoral decisions after being exposed to money-related words, according to researchers from Harvard and the University of Utah’s David Eccles School of Business who published a report last month.

The findings show that “even if we are well intentioned, even if we think we know right from wrong, there may be factors influencing our decisions and behaviors that we’re not aware of.”

The study asked college students studying business to make sentences out of various word clusters before answering questions and playing several games. Some of the phrases contained a financial focus such as “She spends money liberally,” and others that were neutral, such as “She walked on grass.” Researchers found that people who were exposed to the financial phrases lied more often in subsequent activities.

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VICE Sells Out Music “Journalism” for Cash Money

Limp-Bizkit_haterOkay, now it should be stated that I love the website Vice. I do. The fact that a pop culture youth media site does better overseas journalism regarding things like the American war machine than actual media outlets these days is beyond mind blowing and creepy. Unfortunately, it is exactly because of their influence on the youth media market that their recent turn as PR men for aging, culturally irrelevant millionaire rock stars is so unbelievably disappointing. The gripe about so called hipster music coverage is that they only cover the bands that their writers or friends are fucking (usually pretty accurate), but you know, at least back in the day they were apparently fucking creative people with talent.

Not anymore, in the last month they’ve just started reporting on richie rich bands solely because of money. As mentioned, what’s even skeezier about this turn is that they’re doing it in an obviously calculated attempt to rebrand successful musicians perceived by the public as tragically uncool, and it makes perfect sense.… Read the rest

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