Money Masters

[Husar]

Don't have the time to watch it now, but it's funny that it's on the internet and starts with a copy protection message.

Lots of stuff I didn't know, got sucked in for 40mins already, someone stop me please.

Anyway, it paints a rather dark picture and apparently tries to explain why computers become more and more expensive.
Makes me wonder what my teachers and professors would say about it.

[Husar]

Now that was the first part.
Though I browsed the org at the same time.

So they basically say that evil moneylenders own the national/federal banks of many countries and use their monopoly on money to make themselves even more insanely rich and powerful?
They also say that the assassinations of American presidents could be linked to those moneylenders in the sense that they gave the orders.

While I smelled a big conspiracy theory at first, it does make some sense and if those banks are really privately owned, I have to agree that this is a very bad idea(didn't know that until now, the names are really misleading in that case).

But before I'll invade the federal bank with my pitchfork phalanx and die a heroic death in the name of monetary freedom I'd like to say the fact that they quoted Bismarck really convinced me*goes and builds Bismarck shrine*.

Seriously, I'd like to hear some opinions of other orgahs but I guess the long nature of the videos is a hindrance for some(and proof that I have way too much time and should get out more).

[Bijo]

True: it sounds like conspiracy stuff, albeit probably very true. I, too, would like to hear what people have to say about the historical information and anything in it. Especially the historians.


To any mod: would this topic be better fitted in the Monastery, or perhaps in both the Backroom and Monastery?

[KukriKhan]

True: it sounds like conspiracy stuff, albeit probably very true. I, too, would like to hear what people have to say about the historical information and anything in it. Especially the historians.


To any mod: would this topic be better fitted in the Monastery, or perhaps in both the Backroom and Monastery?

It depends on which way the discussion turns: if it's about conspiracy theories or the politics of money (who controls the valuation & flow), then here is good.

If it's about the origin and development of monetary systems over time, the Monastery is your friend.

For now, we'll leave it here and see what happens.

[Papewaio]

Anyway, it paints a rather dark picture and apparently tries to explain why computers become more and more expensive.

If they said that in the video then they are ID-ten-T's

Computers are dropping in price overtime compared to how much they do. I'm sure those of you who bought laptops in the eighties would appreciate this.

The proportion of income required to buy a computer has steadily dropped. The CPU, RAM, GPU, HD have all increase in power.

How many of you can remember using a 286? Their harddrives are smaller then most RAM sticks nowadays.

[Husar]

Pape, they just talked about inflation in general and I used my artistic freedom to note that top-end parts like graphicscards are actually becoming more costly. Some years ago you wouldn't find a high end graphicscard for almost 1000EUR here. And when the parts are affordable, they're often also outdated, the highend stuff sometimes isn't sold anymore before it comes down to a low price(that is once the next generation of cards arrives).

Anyway, the movie actually talks about inflation, and inflation includes computers.

[Alexander the Pretty Good]

Of course the high end stuff is expensive - however, a new graphics card today is both cheaper and also thousands of times more powerful than a card ten years ago.

And the price of computers has gone down a lot when you include how much better they've gotten.

[Husar]

Well, the production of those cards is cheaper today as well, or at least it should be.
If you go by more power = higher price, then one day you will pay 10,000EUR for a new highend card because "well, it's so much more powerful than those old cards".

[Papewaio]

So something that costs less of a proportion of your money and is more powerful then the older version is more expensive?

I think the problem here is they are not comparing the same hardware and also more importantly not factoring in buying power increase alongside inflation.

[Seamus Fermanagh]

So something that costs less of a proportion of your money and is more powerful then the older version is more expensive?

I think the problem here is they are not comparing the same hardware and also more importantly not factoring in buying power increase alongside inflation.

His point is:

If the high end card back then had a unit cost to the manufacturer of 500 1990 Euros, and they sold it for 1000; but today's high end card costs 450 1990-equiv Euros to make, they should reduce the price to 950 instead of charging the 1000 cost that the market has demonstrated it will bear.

I disagree.