Weapons of Math Destruction: How Big Data Destroys Lives

 Posted by on 2016-10-24 at 22:02  big data, credit, data science, finance, money, Politics, Reblog  Comments Off on Weapons of Math Destruction: How Big Data Destroys Lives
Oct 242016

A few weeks ago I went with my fiancée to buy a new car. While figuring out which model would be most economical, I reminded her to factor in an increase in insurance rates, something that had happened to me the previous year. The salesman said that might not be true. Turns out he was right.

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13 Things I Realized After I Bought My First House

 Posted by on 2016-03-19 at 01:02  credit, finance, money, mortgage, real estate, Reblog  Comments Off on 13 Things I Realized After I Bought My First House
Mar 192016

As soon as my husband and I pulled up to see the house we’d eventually buy, it already had a good vibe to it. A blue house with a red door — just like the one I grew up in. It struck a sentimental note with me immediately.

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Money As Debt

 Posted by on 2008-06-03 at 11:53  Economy, News, Politics, Video  1 Response »
Jun 032008

I find that most people do not understand how money and credit work, how it came to be, and why the economy functions as it does. These are basic concepts that aren’t really taught in school. It’s amazing that when you try to explain these things to people, their eyes glaze over and they are not interested, despite the fact that virtually everyone living in a capitalist society has to handle some form of money.

I think most people would be amazed if they found out that banks create money out of “thin air”, most would even disbelieve the concept. Banks create money out of debt. When you go to take a loan from a bank, you are not borrowing on someone else’s savings, the bank is basically printing the money on demand. Our economy survives because people are in debt. If all debt were to be repaid, there would be virtually no money left. It boggles the mind.

The following video “Money As Debt” breaks down how our money system works in simple terms, that is easy for anyone to understand. I believe everyone should watch this video at least once to gain a basic understanding on how the monetary system works, and what it means for you and your family. This video simply lays out “how it is”. Enjoy.
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