97% Owned: The Money System | Finance Documentary Film (Netflix)
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- čas přidán 15. 05. 2024
- 97% Owned: The Money System | Finance Documentary Film
When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down?
A film by Michael Oswald, Produced by Mike Horwath, featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign.
#97PercentOwned #MoneySystem #FinancialControl #DocumentaryFilm
#EconomicInequality #MonetarySystem #FinancialReform
⌚ Timestamps:
0:00 Introduction
3:44 How is Money Created
27:39 Central Bank Money
35:17 A Short History of Money
41:37 Effects of Money Printing
49:06 Bubbles
53:57 Inflation
56:39 Standard of Living
01:03:25 Ever-Increasing Debt
01:12:58 Resistance
01:18:15 The Bank Run
01:24:58 Currency Wars
01:35:51 Financial Imperialism
01:40:30 Financial Instruments
01:49:36 Currency Reform
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1.....3:43- How is money created
A 4:00- Notes and coins
B 9:10- Commercial Bank money
C 27:40- Central bank reserve currency
D 30:15- Significance of Central Bank reserves
E 35:20- A short history of money
2.....40:54- Growth and inflation
A 41:40- The effects of rapid credit expansion
B 49:08- A short history of bubbles
C 53:57- How to avoid inflation
D 55:40- Decrease in the standard of living
E 1:03:26- Ever increasing debt
F 1:13:04- Resistance to Banking flat monopoly
G 1:18:17- The bank run
3.....1:21:05- International aspects
A 1:25:00- Currency wars
B 1:35:51- Financial imperialism
C 1:40:30- Financial instruments
D 1:47:26- International currency reform
4.....1:49:36- National currency reform
A 1:52:16- Democratize the money supply
B 1:58:40- Safe banking
C 2:01:05- P2P banking
D 2:02:19- Barriers to reform
Thanks
@@bonshwananon7269 Welcome 🙂
@@sayanmajumdar9492 are you a communist?
@@mrpotatohasbanana8333 Don't know. But I support Socialism for sure. What about you???
@@sayanmajumdar9492 strongly anti communist and not socialism supporter but controlled capitalism.
Videos like this are the reason youtube exists in my book. Thank you for making this! Thank you for helping people wake up!
YEP AN U BEST DOWNLOAD IT FOR A IMPORTANT HISTORY LESSON THIS KIND OF TRUTH WILL BE PURGED MARK MY WORDS LADIES AN GENTLEMAN !!!! DOWNLOAD AND STORE THIS SHIT AN SHARE IT EVERYWHERE !!!!
4yrs later shits even worse. Being woke means absolutely nothing at all
@@scottmartin2682 the great aFakening
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
-Henry Ford
This is one of my favorite quotes. Thank you.
You said it! Well said.
I'm not even angry at the people at the top I'm angry at the sheep who do what they are told without question
@@RR-mg5ss yeah but you can understand why the people are like that... because the top spend a lot of time money and effort to make sure the people are this way
@@RR-mg5ss Its very hard to see the deceit and control...look at it from we left our mothers womb our whole life has been scripted..The only thing necessary for the triumph of evil is for good men to do nothing.
Brilliant, depressing, very confusing for the newbie - but has increased my anger levels towards the corrupt elite.I need to view again about 10 times. Very well made. Thank you.
@kath david Well said constructive anger is what is needed.
I think that this must be why commercial for-profit banks want to get rid of credit unions, they want to own and control everything and don't want the proles to have any ownership of the actual wealth.
This was published in 2012 , it's 2019 now and the video has so less views in SEVEN years , I think there's a reason why so many people are in debt , they just don't want to learn.
It takes a lot of shrewdness to figure out how to work the system to your advantage. That is why people willingly enter into debt. They figure that they can get by as long as they make regular payments on their debt. Then one catastrophe finds them drowning and their eyes are finally opened.
Dancing dog gets more views.
Yt algorithm screw up with this kind of content, while it boosts other crap stuff
How does this video suggest we get out of debt?
@@TheBornnaked It Does not suggest us how we get out of debt. its make us understand how the money system works. It's you who need to find a way to use this money system for your advantage and get out of debt.
this 1 million views. nikki minaj anaconda over 600 million views. no wonder we're fucked.
if those 1 million viewers stopped all unnecessary consumption and borrowing, defaulted on their debts, stopped paying their rents they could easily bring the system down.
Yep. We care about the wrong things. So scary. Do we even care about the future of the next generation?
nope
nope, if i coud join them i would. fuck humanity for being so retarded
people have worked hard to make us care about trivial things. BBC News 24 & all the UK papers are evidence of such efforts. plus many people are naive & reluctant to believe in conspiracies which must be partly due to our education / cultural system not preparing us for this (massive potential here for opening eyes). so not strictly fair to write humans off yet
our cruel treatment of animals though (mainly for food), thats on us
This video is dated May 1st 2012 and now its Almost [8] years later and the same issue exist on a grand scale with a "Virus" purportedly decimating the world economy. "April 6th 2020"
the virus just caused the biggest equity sell off we have ever seen, wealth is never lost in recessions .. only transferred, this virus has just allowed the people at the top to further increase their grasp on all markets of this world
@@J-077 bullshit, if your house is your wealth, an earthquake is happening and is in ruins destroyed, how is your wealth transferred?
This virus is not THAT dangerous, what sewage media say! it is a tool to manipulate people with FEAR, false stats and "deaths" which are assigned as "Covid-19" to make people "believe" it is true, but it's not!
Now they're is a "Vaccine" which is a key to depopulate population to 50% or even more!
@@wyslanniknewworldorder9525 Why would anyone want to depopulate the planet of 50% of the workforce? Lmao
@@felixpuscasu5625 Ask Bill Gayts maybe He know :)
(Error on purpouse)
I believe the documentary said in the last 30 years digital money went from £1 real to £12 digital to £1 real to £37 digital. That means my wage is 3x less than what it used to be 30 years ago and to make it worse, work is even harder! What has happened is minimum wage went from £8 an hour down to £2.66 hour in 30 years and we're working even harder for it. I call quits.
This video has failed to make the easiest comparison for the mind to understand: those who can create money out of thin air ultimately exchange it for labor and real resources. Over time, small groups become disproportionately wealthy and privileged, and utilize their might to promote improving their position indefinitely. Promoting disparity, poverty, conflict can then attain even more labor and resources for same amount of wealth.
Close. Money is a metric of productive energy. The central banks supply this metric called money prior to using it to set forth that productivity. If the central bank misses the target growth is stifled and the money supply is increased by lowering interest rate. If they create to much they reduce the money supply by raising those rates. Money is printed, circulated, and then burned when removed from circulation. This is supply side economics.
You misunderstand, they lend it out, not exchange (buy/sell) it out
nocoment
+tropickman
This is a political failing, not an economic one.
Haha you seriously believe that!?? Governments borrow money that doesn't exist and then pay interest on those loans making private bank owners extremely wealthy. It's called usury and should be outlawed. Money is not a metric of productive energy any more.
This makes up for all the hours I've ever wasted looking at people falling off skateboards, music videos & daft conspiracy theories. Thank you for such an informative & well presented video.
I am a 28 year old guy. No background in Economics and finance. Just out of interest started researching what is money. Read 3 or 4 books. Saw 3-4 documentaries like this and already ahead of almost all the people i know of how and what money is. Thank you for sharing this.
What books
@@sharwama992 History of central banking and enslavment of mankind, the creature from jekyll island, how much is enough, tragedy and hope
@@mayankrathi505which documentaries?
@@BillionaireByBirthThe Ascent of money - series by an economic professor
As I'm watching this, late September 2019, the Fed is "printing" $75 billion every single day between 23rd Sept to 10th October. It's running completely out of control.
Sarah VeganGarden you sure about this figure your claiming?
@@timmyo3162 Yes. Check Money GPS on CZcams as one source, for example, or the financial newspapers/ sites have the info. Cheers.
The duration for these loans is something like 14 days though....and I believe they have to offer collateral such as treasuries and mortgage backed securities.
that's over a trillion dollars in a fortnight
Ricky Bobby - The fed creates the money and gives it to the bank. In exchange the bank deposits treasuries (or other assets)with the fed. At the end of the term the bank repays the money with very small amounts of interest. At this point the newly created money is destroyed and the collateral is returned to the bank. What is the problem with this?
Money has been created from debt since we left the gold standard....there are advantages and disadvantages to this approach.....but it’s the approach that every modern economy uses.
24:55 and 1:06:35 are the most important messages. If everyone understood these points we might be able to address the real issue, which is a global economy and money system that relies on debt for growth. "We can't grow the economy without growing the debt, and the debt is the very thing that will bring down the economy" - Ben Dyson
7 years later … your comment is coming true
Money is debt...
i always wondered why a person can borrow money and then default on their loan and not go to jail for it. I used to think this was a form of robbery, right? you take money from someone, you don't return it. But after this documentary it's clear - the money never existed in the first place, it's just a freaking derivative based on a promise
you dont go to jail because
its not a crime if someone gives or lends you money usually a court matter ...
The money never existed your are correct and the bank is actually controlling and scamming you.
the bank doesnt care if you pay everything but the last dollar or not because they own the house or whatever no matter what even if paid off you still have to have homeowners insurance and pay taxes every year.
The bank makes their money off the interest and if you default on the loan...
and last rich people get rich off of other peoples debt ,trading debt and selling ,buying debt is how banks and rich people get rich.
ТурбоТОП ya but the bastards eill through us in jail for a fucking loaf of bread to feed our families! They will get theirs don't worry for there really is a God.
William Iannucci that belief hasn’t worked in over 2000 years.
EXCELLENT documentary. but its solutions are just as flawed as the present system. there are NO capitalist solutions to capitalist problems. ALL monetary systems are corrupt and will, by definition, create and benefit a social elite. capitalism IS moneyism. I've founded a new and unique philosophy called equalism which addresses, among other things, this very issue. equalism introduces a NEW way to view the world. for intance; capitalism and free-marketism are NOT synonymous but free-marketism and socialism are very closely linked. If anyone is looking for something truly original and different check out my equalism lecture series, in sequence beginning with equalism 101, on my channel. you can check out my latest video, just uploaded, equalism 118a: Wisdoms and Lessons of History (part 1) at this link - czcams.com/video/oAUs81z6sOc/video.html - (I've already uploaded Parts 2 and 3.) you never know, you all just may be equalists and not yet know it.
Don't forget that when you ring up for a loan and they ask what its for, and you say "living expenses" or similar?. They say your not aloud to do that, they won't give you the money, I've been told directly I have to be buying something with that loan. So collateral. They knowingly loan you the money so that if you default they get assets, if you pay it back, they get lots of interest and before you've even payed it back, they are loaning the interest that you have yet to pay, to other people. It's win win for them providing you are buying something material. So if you want to get back at the banks, just default on your loan and sell every material item you have at the same time, then... then! you will go to jail, possibly.
One of the best documentaries on banking and money creation ever....well done 👍🏻👍🏻
Very informative and evocative video. I learned much and I now feel more powerless and insignificant than I did before watching it. What can I do? I’m just one person on a fixed income in a small town. All I can do is pray and do everything I can to help my children and grandchildren succeed in the environment we have allowed the banks to create.
God help us
Awww I know - I think we all feel pretty powerless to do anything to change all of this. I will say this - when the current system totally implodes - we should all go out of our way to NOT vote back into office any of the politicians on either side of dems or republicans - we need all entirely new politcians not already controled/owned by corporations/bankers - possibly you can help me spread that idea when the time comes. (I have terminal cancer so unless this crash happens in the next year or so I likely won't be around to spread that message)
Also - you should be stocking up on all the things you would normally buy anyhow - as the purchasing power of any $$ you have is dropping by the day and will drop dramatically when the US economy collapses. AS far as your kids/grandkids - If possible have them learn a few skills that are MORE in demand in the worst of times... that way they can barter their skills for room/board at least.
Good luck!
@@whit4youkissthis184 I agree with you. I’ve been stockpiling necessities for years as well as means to defend myself and my home. My adult son has been doing the same and has trained to be a nurse and is also a veteran (army). Financially speaking we both own several houses and have gold rather than investing in stocks etc.
pray to what?
Buy bitcoin
@@gumed85 and some Ethereum for good measure
"It's kind of the system that we're locked into now. We can't grow the economy without growing debt- and the debt is the very thing that will bring down the economy. The only option is to stop banks from creating money as debt."
And there it is, in one paragraph.
I hate to say it but I was afraid that you agreed with this. I'm actually pleased to see you realize this house of cards is going to fall hard one day.
Do these morons believe the politicians don't understand this? I know this and I'm just a low life citizen.
I was arguing the point we needed more regulation on the Ayn Rand site and getting attacked on every front.
Wally Smith
They say here that regulation is nonsense as well. The regulators are owned by the regulated. Look at the past eight years. Look at who's running the Fed and the Treasury.
Wally Smith Government regulation merely narrows competition. And competition is nature's regulation system. Government energy should be focused on matters of whether or not laws are being broken.
Armand Levinsky I'm not talking about industry I'm talking about the crooks that own the Federal Reserve.
Wally Smith
Those crooks- the Fed chair and board members are the 'regulators' that you champion. Revolving door from the Treasury Department to the Fed to Citibank, JP Morgan Chase, and Goldman/Government Sachs. Engineered by Princeton alums, mostly. Since Woodrow Wilson.
I guess this video will never be shown in schools.
of course not. Why would they let an opportunity to enslave another generation slip by?
Do we learn anything at school?
maybe in the year 2200..
Im planning on becoming a history teacher. Ill definitely be mentioning this history to my future students. Hopefully other teachers take it upon themselves to teach the truth
@@krakynofficial5294 : Thumbs up for your intention, though if the School Board say 'no', then it's back to the usual 'keep 'em dumb' mentality.
Rising home prices dont benefit people that own houses because it just makes us have to pay higher property tax. Now the property tax is as high as the mortgage used to be!
BS!
Property tax is tax deductible first, mortgages, interest part also tax deductible, second higher property tax comes into play when home prices rise, when you buy another property at higher market value or you buy a second home, vacation home.
If you live in a home for 20 years, you pay property taxes after the original purchase price of your home and + what ever local gov., city increase every year, 1-2% more every year.
No only if you refinance dawg you get taxes on whatever you paid for the house dawg
This is the system we deserve, because it does'nt upset us enouth. If it would, people would get interested, fight corruption, and demand reforms.
Welcome to the species of idiots.
We have evolved on a tecnological manner, but on a level of consciousness, mankind is as good as any other primate, with rare exceptions...
There has to be a jump in awareness.
So true not enough time spent alone to search for truth too much time spent having fun
Giovanni Bentoxiny yep and AI and Alexa is taking over . Transhumanism. Dumb down society further
We are a society of the infantile indoctrinated, totally dependent upon the system of our subjugatiion, we are the Alpha, Betas and Gammas Huxley feared
While we realize we are in a crisis, we keep turning to the ballot box, as the only alternativewe perceive is that of the impoverished ignorant savage.
And so the betrayal of Obama is wiped from tthe memory banks.....and it's all aboard the Sanders bandwagon that has already crashed as Democrats feel the burn of the exploding gasl tank
"Forrest Gump 2024"
@Ace Miller You are preaching to tthe Choir my friend. Those that do not know are making a real effort to maintain ignorant
... and what would you suggest as a solution?
I have learnt more from this video than I do in my economics class lool
Cordelia samehere lol
welcome to the shit show
TOWING WITH A PRIUS C true, I need to work on my English literacy.
Most economics programs or classes basically tell you how to do business and shit. So you can be good employee.
They don't really want you to be one of the owners of running this thing
Schools arent supposed to teach.. just condition us to accept the global system
And way of life.. be a debtor for the rest of your life
It's 2019 now, an update to this is sorely needed.
A short addition please, especially about Bitcoin and cryptocurrencies......
The bank of England subsequently released an obscure paper essentially stating in no uncertain terms what the documentary is talking about. www.bankofengland.co.uk/quarterly-bulletin/2014/q1/money-creation-in-the-modern-economy, yep even goes to tell you how economics textbooks are also lying.
Worse. Even more money will have been created exponentially
@@DannyTillotson
Bank NOTES are NOT MONEY
Bank NOTES are acknowledgment of debt
MONEY has intrinsic value backed by gold or silver
The banking system WAS invented to FAIL
It’s a fractional banking system
Here's your update for 2020: shit has hit the fan. By the end of the year US' economy will lose a third of its value. That's about 2.2 Trillion dollars. Fun times!
So much valuable info in this film.... worth every second. Thanks for this
So basically banks are corrupt, but you can't do anything about it.
If you can't beat them, join them. 😎
@@brianb7059 And you will be prosecuted and off to jail. George Carlin said, "It's a big club and you ain't part of it."
That was the whole point of the Federal Reserve's creation in 1913, they hoodwinked President Woodrow Wilson. Corruption never reveals itself until after the fact, it uses people's ignorance to ferment its evil, once done, it's comfortably settled, for 107 years! Your words, " but you can't do anything about it," No one dares to!
Move out of cities
If every one withdrew what banks hold the banks could never full fill the obligations and collapse
A very pragmatic narration & approach. This is the best documentary i have seen in my life.
WONDER WHY BBC & OTHER LEADING CHANNELS DOES NOT BROADCAST documentaries like this.
After all these channels claim to educate the public and are supposedly completely NEUTRAL & UNBIASED
I have my own doubts about their claims
In other words, a bunch of kids got together and said:”I don’t wanna go to work. I wanna press a button and get money”
-Brilliant!
Me too!
Except they have unlimited money now and they do/control whatever they want
@{Forbidden.Knowledge} what's stopping you from forming the work you love?
@@frankclementi same reaso that stopped you, its a rigged system ad you come out as a loser because they press a buttoa d the economy collapses and you lose everything. Did you even watch the documentary man? You can lose your savings overnight you need a loan to start a business and you will be a debt slave to evil people.
No, it is the "conservatives" that voted to deregulate the banks. They followed exactly what the banks wanted them to follow. The banks loosened up the market with low interest loans for risky endeavors so for a few years the economy appeared to look robust and the politicians could point and say "See, deregulation makes capitalism work like it should." Then the whole economy tanked!
@@jameswest4819 Liberals aren't that much better.
Banks bankrolled Obama, and Biden is in bed with them as well.
"America has no regards for the conventions of war or rules of morality" - the true picture of the so-called great nation and claimers of humanity
@Binguh Bungah there were then no Geneva conventions, and no UN charters. Seems these are only made for the weak
Did you ever notice that whenever you take out couple of thousands from the bank. The employees there are actually get upset and angry. It's like they don't want to give you your own money😮
Good documentary, Ben Dyson comes across, as calm, trustworthy and knowledgeable, almost a direct opposite, from the majority of our politicians.
Turn the fire hoses and dogs towards the one percent for a change. I've seen people locked away for stealing a candy bar. Who on wall st. was punished?
Yes. Double standard always. They steal daily and no one goea to jail. They get bailed out but the people are allowed to become homeless. Cops kill and beat and just get fired or reprimanded but rarely do time. We beat a cop and its a felony. They beat us they get called a hero.
No one was punished. Nothing is to big to fail or humanity will ultimately fail.
Kurt *was only told about the small flaw in the 'three strikes' rule on Q i
(StepehnFry was revealing that it IS possible to be jailed for stealing a chocolate bar.)
Parasite is the correct term to explain the Private Banking section in Government.
Excellent documentary.
Actually I think the full story goes "When banks loan, it's like me printing £300000 at home with my printer, lending it to you in exchange for your next 25 years of labour. By the time you've paid me back (interest aside), I will be £300000 richer than I was before I printed that money. Did I contribute to economic growth by producing anything ? No, I became richer simply by printing the money and somewhat laundered it by lending it to you. Today, I can purchase the product of your 25 years of labour with the money you paid me back".
Edit in response to an ex-banker's reply :
There is no value creation in the fact that you can use this house 25 years earlier, since you are only using it instead of somebody else (the previous owner or else whoever paid to have it built
That's exactly right.
I believe the documentary said in the last 30 years digital money went from £1 real to £12 digital to £1 real to £37 digital. That means my wage is 3x less than what it used to be 30 years ago and to make it worse, work is even harder! What has happened is minimum wage went from £8 an hour down to £2.66 hour in 30 years and were working even harder for it. I call quits.
Adresse Poubelle Just numbers on a screen too, no money cash moved just created out of thin air and earn real worth in houses and cash money
Adresse Poubelle that’s why the government should print their own money and lend it at interest free
And then the IRS comes in and has us little people pay the interest on the money they lent to the commercial banks.
As an ex-banker and top 1% net worth. This is the way I think. It's not as easy as you said. 1. People has to have a lot of trusts in you to put your money with you. 2, you need to learn to juggle the cash-flow of your customers so they can take out their money anytime they want (Trust). 3rd. That £300000 house that you get maybe worth more in 25 years plus you can rent it out in that 25 years and get more cash. 4. You get to use that house NOW instead of 25 years later which is a lot of money.
Is there value creation in this? For sure yes, without credit creation, there will way more less stuffs being made. That means less housing, less cars, less everything. And we all know how much you love that air conditioning and comfort and that iphone.
A bank is no different than any other big business. When you have a good reputation, you can really gain a lot of advantage using that reputation.
Learn how to use the system. I use the bank they made money off me but they also has made me richer. It's a mutually beneficial relationship. Banks are not evil, though it certainly can be misused by the people at the top. But this applies to every organization in the world.
This documentary is one of the best documentaries I ever watched... however "The Four House Men " remains the best of all times...how I wish if the team that made this documentary can do a documentary about Republic of South Africa's economy and the effects of Land reappropriations without compensation.... considering or in relation to Zimbabwe and Venezuela struggling economies
DW documentary has a good one on that
Consider apartheid and slavery how whites benefited consciously to the demise of blacks
This was made 11 years ago even today the masses still have not learned even after the last 3 years!
Karl Marx wrote "Capital" 155 years ago and today the masses still have not learned what capitalism is and how it works. Including the authors of this video and commenters under it.
@@smedentsev But you have all the answers Einstein?
@@user-sk8to2rk7c I've clearly indicated where you can find all the answers. Fix your ignorance and educate yourself - read Marx and Lenin.
Then I will someday believe they deserve their financial fates.
"Give me control of the money and I will have control of the country".
petrong Nathan Rothschild
Rothschild said this.
This needs to be shown nation wide
We are so grateful for this video and all the work you put into it . Thank you Independent POV.
What a fantastic informative video should be taught in schools so when we put an end to this our children won't let it happen again thank you
One of the best documentaries I have seen lately.
Very very very well put together video! learned so much from it, went off and learned more over a year ago...came back to re watch it
There is a misconception by most, including the people who created this excellent video, regarding fiat money. Fiat money is actually fine. Backing money with a precious metal, renewable energy, etc. is an absurd notion. The real problem is the fact that all money is created out of debt. In a debt based money creation system, those who create the money -- because of the interest attached to all money in circulation -- will eventually end up with all of the gold or whatever scarce resource is backing the currency. Breton Woods didn't fail because the United States overspent on Vietnam -- although that did speed the process along. Breton Woods failed because it was structurally doomed to fail from the outset. Again, if money is created out of debt, those creating the money (i.e. the central bankers) will eventually end up with all of the money, and by extension, the gold backing that money.
Before money can be a unit of account or a store of value, it has to be a medium of exchange (i.e. an alternative to bartering). Whether or not that medium of exchange is backed by a precious metal is irrelevant. Medium of exchanges are suppose to be an aid in the conduct of commerce, not a lien on it. And by the very nature of our debt-based money creation systems, that simple principle is perpetually violated. As long as the debt-free medium of exchange that is agreed upon by the population is legal tender for all transactions, it does not have to be backed by anything. Abolishing debt-based money creation through central banking and fractional reserve banking is achievable one country at a time.
There is a novel that solves this problem once and for all: "Kennedy's Revenge: The Election of 2016".
Fitz Cavendish Exactly. The issue here is more about who can issue it, and how; a debt-with-interest based creation causes a lot of issues, because effectively there is less available money than is needed to pay off the debts, so it creates an ever growing debt problem.
It's not necessarily the debt that's the bad thing, it's the interest.
you can't enforce a monopoly fiat currency without violence, involuntary transactions are win/lose
Thank you for that explanation. I never could make sense of the gold backing standard. Never made sense. You've just helped me realize my sense of it was correct. Appreciate your knowledge. There is a brilliant man, Michael Tellinger, from S. Africa who figured out a way to get off of money altogether. I understand why at one time we needed money, due to humans and their primitive nature, when we were. But now, we have all that we need and much more evolved. He figured out, using a town of 5,000 population, how much labor it would cost to have a contributionist society. 3 hours a week from each person to keep the town running. If we contribute what we have there is no need for money. I know the argument that humanity would never do that. I don't agree. If the town is running, all needs for the town to run are taken care of with each of us working 3 hrs a week then I can simply be a doctor in the community and open for business when someone needs my help. I wouldn't have to drum up business constantly, worry about all the things one worries about when running a business. If we each put in what we have to offer...we'd be fine. It would, in a sense, be a bartering system without the checks and balances. I find that when all people feel equal they are very happy to give of their expertise and time, when needed. Bartering still keeps us indentured to something as opposed to offering to the good of the whole.
watching this 8/15/2019 with 16 trillion in negative bonds . The world is a strange place.
NOTES are NOT MONEY
MONEY has INTRINSIC value backed by gold & silver
NOTES are acknowledgment of DEBT
Wrong , money is not backed by gold anymore ,
@kcotte59 You’re an idiot
@@thekingsback6485 READ AGAIN!
The Bank of International Settlements created the DOLLAR WHICH IS NOT MONEY.
The B.O.I.S. Creates the DEBT NOTE (I.O.U.)
The DOLLAR IS NOT MONEY-IT’S JUST USELESS PAPER
@@thekingsback6485 BTC is the real money
Watch the sequel to 97% Owned - 'Princes of the Yen' here: Princes of the Yen: Central Banks and the Transformation of the Economy
Slovenian subtitles added, thanks to the translator Irena Hrast.
noco.ment
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Can you add greek subs too?
You're a good man, Abdul
It will be very cool if you add lithuanian subtitles. It's not the easy information. And it's more complicated to understand in foreign language.
This was so enlightening. Identifying the fraud and the solutions!
Because of this we must teach our kids for money and banking system. Everybody should know about money, and why we don't teach anything about this in school
In the US they used to now the teachers say they are overwhelmed but have one day a week they take off, eat donuts and scheme about how they can push some new age ideology on the youth that rots their minds even further and no decent person would accept.
Very well done folks. Bravo. We need more of this kind of documentaries to awaken the public from the illusions and virtual realities that it has been led to and bring its consciousness to higher levels of understanding.
You've been brainwashed.
People are much wealthier now, much better off than 30, 40, or 50 years ago.
That's true for pretty much the entire world.
The "corrupt elite" has made everyone wealthier.
@JL-XrtaMayoNoCheese
Oh really?
How old are you?
What country are you from?
@JL-XrtaMayoNoCheese
Nope. I'm trying to understand your perspective. Fishing for Information so I can make an argument relevant to you, something you can relate to, something you would be familiar with and know about without me having to explain it. And also to point out your stupidity and blindness of the facts in front of your face.
Inflation has been going on for many centuries, but wages and standard of living has far outpaced inflation. Like I said earlier, "People are much wealthier now, much better off than 30, 40, or 50 years ago." . . . Not to mention 100 or 200 years ago.
"Inflation" doesn't change, contradict, or counter anything I said. You have no argument.
good documentary. reasonably well produced. fell short of clarifying the essential points here & there (animations would've helped).
I remember in 1959 as a new Apprentice at Fords Dagenham the introduction and welcome to Fords by Sir Patrick Hennesy the then CEO where he said that Ford was in the business of employing people and produceing cars BECAUSE he qualified upon that by stating if he just wanted to make money ,he would close up all Ford Plants and just work with money to make money.He did say if I remember correctly that there was also a social awareness by Fords for the people. This he said at the Ford Apprentice School in Dagenham. Seemed a very nice careing person. Bless Him.and Ford ENFO.I s bit.till drive a Ford Mondao today (Jackie Stewart helped in the development and the MK3 has has the lower half and running gear +G Boxes Some motors same as Jageuar cars.Part numbers are shared with wrappings of FORD/JAG on them.Great motor love it a
Ford was a smart and moral man. Wonder what he had to say about international Jewish power...? Probably worth looking into. Few people listen when good people try to warn them
”The world is run by the Mafia“ Namo Chomsky
the banksters, the intermediators, the coders, math people, technical people, all of them are needed that the banxters and land occupants, the thiefs of our workload, or put in short the collaborators in will, they few wear us down for their benefit, so it is econoslavery in 21st! the mafia is not to see literally, it is the mafioso in ways to many of us, even of the "lower classes"/the loosers in the game still strifing for selfprogression and therefore give in in the general race, the race for growth and success. whilste this mania the vast majority is unwilling to see, that a rotten planet system, former called nature, is the result of overpopulation and overconsumation of all ressources, its a vast globally fed doomsday machine.
Love that ending! Great documentary!
This video made sense. I am a biologist, not an economist, so I am not able to immediately confirm (or refute) the claims made here for myself. All I can say is that this video seemed to make sense.
Shaun Murphy Capitalism is simply a cancer! That must grow to live eventually running out of resources destroying its hosts and dying when finally exposed to sunlight this can be put off but the end is always the same!
Economists don’t even understand this stuff. Economists like to pretend like their field is a science, when it is anything but. You can’t predict human behavior. There are no constants, especially when you have a shadow organization increasing money supply in obscure, undefined, and complex ways. We only see the result and it is very difficult to work backwards and determine causation. Compounding this is the fact that central banks are not transparent with their practices, nor are they accountable.
THE GREATEST PYRAMID SCEHEME- Ponzi scheme ever imagined, BRILLIANT I want some -
The best person to have EVER explained the monetary system is Peter Joseph in his Zeitgeist documentaries !! He's a genius 👍
The interesting thing is that President Nixon took the USA off the gold standard while he was in office...money value is now based on an emotional response much like the stock market - which equals belief in what is true or going to become true. Inflation ensued so price controls resulted. Later President Reagan deregulated the banks, and debt spending grew in the 1980's. This allowed Bankers to group conservative investments with high risk investments. A friend of mine commented that AIG almost took down the entire system with these types of investments.
All Carefully Planned presidents are mere puppets! JFK went against them and look at what happened to him! Rothschild Family own every central bank including Federal Reserve
Guarantees a endless workforce.. they’ve successfully made slavery legal... 🤪🤣😂🤣🤪😅🤪🤣✌️🇬🇧🇬🇧
Brother Jake's Konservative Evolution .... yes in my experience & other ppl I’ve worked with, & scare tactics used by employers.. as for slave masters, their the ones that think there entitled to shout & bark at their workers .. because they know their workers are scared of loosing their jobs.. & that’s simply abuse ... & the twisting & manipulation of work contracts once signed.. 🤪🤪😡✌️🇬🇧🇬🇧
National Association of Securities Dealers= NASD they sell your debt instrument through the DTCC, that's who your slavemaster is!!!
Well... you think slavery was illegal in Egypt or in USA before? Nope. It just wasn't forbidden. It's up to people what path to choose.
You mean again
Now for depopulation; well, it's already started.
The only mistake this video makes is that commercial bankers are not "doing as they please". They are heavily influenced by bureaucrats at the treasury and central bank. Every major decision banks make have to be signed off by these bureaucrats. Even during the 2008 housing bubble, they were heavily incentivized by the central banks. If it wasn't for the central banks, there wouldn't have been a housing bubble
I think that every person must watch so movie every day for self-depend
when are we going to put the banks in public ownership and cancel all this fucking debt?
See I always think this. This might not be popular, but I always think the government should act as the bank and invest on business proposals that provide goods and services, eliminating inflation.
A conclusion that I came to as well...
At the very least it gives money a hypothetical value, rather than none at all.
***** I think the government(s) are in collusion with the banks.
Collusion as in a secret agreement for fraudulent purposes. It's welfare for the rich.
Oh yeah. The bankers tell the politicians which laws are best for them.
So, if an ongoing spiral of debt is what 'makes' the system work, so be it. It's not money, it's really just zeros and one's in a data base to keep a tally on the system. If the numbers end up with 26 zero's, so what? It was created out of nothing, it's not actually worth anything, and is just a symbol. The problem is those symbols have so much faith and dependence put upon them that they can buy 'ownership' and 'power' - from something that is based on nothing more than a perception. A prception that debt will be repaid to the banks, with interest, and these payments are based in the production of 'real' assets (goods, services, labour)and creating a continuous, steady shift of power from the population (economy) to the banks. No wonder they get away with it. They not only own the whole show, they own the mechanisms which facilitate this system. And we all 'believe' in it. They are bankers, and you are not. It's actualy quite brilliant.
money is dept to god which no man can pay unless he gives but even 1000s a day is nothing to what they still from us
"The Truth Will Set You Free, But First It Will Piss You Off! " - Gloria Steinem.
Throughout history people have always had an amazing ability to make up fascinating stories and claims and an equal amazing ability to believe stories and claims without really questioning their authenticity and without examining any evidence to justify their validity.
I was a teenager when I realized all religions and all gods are fictional stories. I felt foolish and started questioning why all the “smoke and mirrors” about religions and gods. I concluded that all these stories have been made up by an elite class of intellectuals used to control and govern people sometimes in beneficial ways but often times resulting in bad behaviors, conflicts and wars.
It’s taken me a little longer to realize what a house of cards the modern economic and financial system is. I was well into my forties when I first started to learn how money is created. At first, I could not believe it. This was not what I was taught about money in my younger days. Once again, I felt foolish and started questioning why all the “smoke and mirrors” about money.
I am hoping that the explosion of information technologies like the internet can help cut a path through the “smoke and mirrors” and inspire all of earth's citizens to behave and live together in fair, peaceful and sustainable ways
.
Ellen Brown has also researched the history of the banking and financial systems and has written books and has a website, blog and radio show ellenbrown.com/. Her work also backs up and confirms what this documentary has revealed. Her work also reveals the problems and then proposes detailed methods and plans on what needs to be done to make the corrections to fix the banking and financial systems so that it is fair for everyone.
For an education on money and debt, I also recommend all 10 episodes of the "Hidden Secrets of Money" by Mike Maloney here czcams.com/users/whygoldandsilverfeatured
Quantum Theory concludes that: *[m=E/c² where E=∞=God]* you lose. messiahjesusbible.com Humans think they can wish away divine retribution by declaring there is no God. How suicidal! Atheists will be sorry they ever got born on Judgment Day (this decade after Fukushima wipes out the food chain) God despises the evil human race.
The Bible tells us what is coming soon. *Book of Zephaniah* : “For by the fire of my wrath the whole earth will be consumed. I will remove all things from the face of the earth," declares the Lord. "I will remove man and beast, the birds of the sky and the fish of the sea. I will cut off man from the face of the earth and remove the ruins along with the wicked. So, I will stretch out my hand against Judah and against all the inhabitants of Jerusalem. I will cut off the remnant of Baal from this place, and I will remove the names of the idolatrous priests along with the priests. I will bring distress on men so that they will walk like the blind, because they have sinned against the Lord. And their blood will be poured out like dust and their flesh like dung.”
“Neither their gold nor their silver will be able to deliver them on the Day of God's wrath. For He will make a complete end - indeed a terrifying one - of all the inhabitants of the earth. All the earth will be devoured in the fire of God's anger.”
@@needlemania5686 Fascinating and I would add entertaining story. Except for those that can fart air, I am pretty sure not too many Canadians believe your story.
@@needlemania5686 What is Truth? czcams.com/video/z73mvg4R-JI/video.html
I've been saying this for 20 years. Who is it that has money to lend to entire nations? Why do nations have to borrow every year? How is it right that a few people have systematically seized the planets real wealth and 90% of the world has to beg them for help. How is that moral? Redistribute the wealth. All of it to all the people. Pretty sure that will get the economy going. Unfortunately that would ease people's lives to the point that they will probably have time to work out they are being enslaved. And that will just never do!
As someone with a bit of poverty experience, I've found some awkward concepts: Powerful people, whether they know it or not, are the predators that thin the herd. Every different kind of animal in nature serves a purpose in their ecosystem. Humans run parallel to that paradigm in their economy. When an organism has no natural boundaries or enemies, all resources begin depletion. Relatively affluent middle-class first world citizens use far more resources and occupy more hospitable territory than their poverty-stricken counterparts. Anyway, I think you know where I'm going with this. Wealth consolidation is lethal. All living things need to be kept in check in order to prevent an Easter Island scenario. I've concluded we truly are a product of our environment. We're emulating nature through economy. In our minds, anything which uses us for sustenance is deemed inherently evil. What I am not certain of is what will happen once powerful people no longer need mass human labor. We know money is pretend, but, if said people have total control over all the resources and valuable land/sea/air/space/cyberspace, what will they do with the rest of us? The best answer I can come up with is to make us infertile.
Don't be so pessimistic, my friend. There is actually a very simple solution to all of this. Human suffering is not inevitable as the rich would have us believe: bring back gold and silver currency - which have intrinsic value - and eradicate interest in all its forms. Gold and silver is hard to manipulate financially, and retains its value even 3 centuries after being in use, thus making boom and bust impossible. Eradicating the smallest amount of interest will create a level playing field. That's all it would take. Learn more:
czcams.com/video/RfPsm3CtUZU/video.html
(Look up this speaker, he's good).
Humans will deem to exist any further. The A.I will make you obsolete!
Very well articulated. Thing is Nature (it's power) is beyond our comprehension...we "think" we understand it, like the economy and what this doc is revealing. Humans think they are controlling Nature and it's a total illusion same with the economy...even larger of course is Nature but few people get it....so, humans will destroy themselves because the eco equilibrium (habitat) of Nature once totally out of balance it ll start eliminating the species which is overshooting ...that's what right we call COVID19...wait till COVID30 surges...thinning of humans will be real rich and poor very democratic....of course the poor powerless will go first...the sun shines for everyone as well as the night...
@Fer Nie Your question is being answered now with this C0v1d-1984 and its Great Reset, where you will own nothing, and be happy.
Eastern island scenario is not what you think. Islanders indigenous people are more intelligent than you think...they understood Nature really well and we're not stupid as some people think to chop their way to extinction. In fact, that's what we are doing now and we are the supposedly intelligent generations sure give me a break. See we our generation are the idiots thinking we are more intelligent than Nature something preposterous but true. See I.e. leave a cup of Coca-Cola or Gatorade outside your yard and watch if Mr rat, cat, dog, bird, bear, ANT, or bee cones to drink that stupid liquid...but wait here comes human and thinks us great ...to drink orange or red coloured sugar ful and drink thinking is good for him her...
And it has to be very cold and icy so you tongue gets numbed out so you can't taste all the sugar tons it has and drink loads of poison...great..!..see your tongue is there to flavour food and be able to tell poison as well as your nose..like all other animals ...etc...sorry if this may offend but it's my way to try to wake up "intelligent" people ...
this film is eye-opening, but also a depression pill
Out Of Shadows: *I Don't Thing So...*
1.....3:43- How is money created
A 4:00- Notes and coins
B 9:10- Commercial Bank money
C 27:40- Central bank reserve currency
D 30:15- Significance of Central Bank reserves
E 35:20- A short history of money
2.....40:54- Growth and inflation
A 41:40- The effects of rapid credit expansion
B 49:08- A short history of bubbles
C 53:57- How to avoid inflation
D 55:40- Decrease in the standard of living
E 1:03:26- Ever increasing debt
F 1:13:04- Resistance to Banking flat monopoly
G 1:18:17- The bank run
3.....1:21:05- International aspects
A 1:25:00- Currency wars
B 1:35:51- Financial imperialism
C 1:40:30- Financial instruments
D 1:47:26- International currency reform
4.....1:49:36- National currency reform
A 1:52:16- Democratize the money supply
B 1:58:40- Safe banking
C 2:01:05- P2P banking
D 2:02:19- Barriers to reform
It is better to be a human being dissatisfied than a pig satisfied ~John Stuart Mill
Brilliant and spot on !! 2023 and so true look at us now !!!
It's created out of thin air. It involves 2 separate accounts, public and private.
Fantastic, absolutely great! Thank you for making this wonderful doc. Will spread the word. In this day and age of free communication, people can and will be educated faster than ever. When the critical educational mass has been reached, MONETARY REFORM will be inevitable.
Good informative video. I’m from the states but there is a similar system here. The only issue I have is that it is pushing an agenda instead of simply reporting. I’m more of a free market guy but believe that we should have a gold/silver/platinum/paladium system that is worked by the government. Minimum regulations but get the banks out of the business of voting for money creation and monetary policy period.
Longest form of currency ever was the "Tally stick" , carved sticks lasted 700 years as $
..and hardly a soul has heard about it!
Isn’t that amazing.
Spot On and very timely here in March 2020!!
When a bank creates digital money they are pick-pocketing every single one of us.
They do the opposite of what Robbin Hood did. Take from the poor and give to the rich!
Maybe, except we don't have a single penny to pickpocket- they took it all in the first place.
Lol the Young girl voice off sounds like she's explaining the fall of man in a movie like Terminator.
I wonder if someone knowledgeable reading this could help explain how payday loans (in particular in the UK) fit into this picture. This (excellent) documentary explains that when you 'borrow' money from a major bank, you are not really borrowing at all - rather the bank is electronically 'printing' new money so that your debt carries virtually zero risk to them. Given that only 40-odd banks have fiat accounts with the Bank of England which enable them to do this, yet there are more than 50,000 lenders in the UK 'regulated' by the FCA, where is the money these smaller lenders loan out coming from? Do they all have some arrangement with a bigger bank which 'prints' that money for them? Is it more complicated than this? As a person with very little income and considerable (well, in my terms) debts to both major banks and payday lenders (or whoever they have sold the debt to since I borrowed it!), I would love to understand where all of the money I owe actually came from. I'm having real difficulty finding anything concrete online after persistent googling. Thank you in advance for any clarity you can provide!
Well done. We need to be aware and constantly reminded to live modestly as this Ponzi scheme can collapse at any minute.
This is a good film but misses the very important concept of monetary currency sovereignty and the creation of state money. This is the gap between taxes and government spending, the deficit. Also missing is the explanation that government debt issuance matches deficit spending but does not fund it, government bonds are a needless tradition and means of regulating the target interest rate which could also be set. A discussion of sectoral balances would have been useful too.
This Is Empire ending stuff, and It's happened before, look at the Roman Empire banking for example, and what happened to them. It's scary stuff.
Every single fiat currency that has ever existed in the history of humanity, has failed, and we have gone through thousands of fiat currencies over 20,000 years. This time will not be any different.
I don't understand a lot of economics. But, if that happen in the future, we should invest in gold or silver in the present, right?
gold
@@Bruno-ok3th If your a saver with the number one objective of wealth preservation, gold, and silver have heald value to people for as long as people have existed. This is not to say that the buying power has remained constant, It has not. An example would be an ounce of silver buying 1000 eggs in 2015, then only 500 eggs for the same ounce the next year as an example. The point Is you'll always be able to buy eggs with silver :)
A good rule of thumb would be to set aside 10% of your income for purchasing gold/silver, done over your career, even on minimum wage you'll be able to accumulate a lot of wealth. Do your own research, and don't see gold/silver as something to be spent.
@@jordanjonwillett Thank you for your explanation! It helps a lot!
"Every single fiat currency that has ever existed in the history of humanity, has failed" - except the ones that haven't.
I think money is backed by peoples labor, the fact that we have to pay taxes to our government, whether we want or not. So when money is created out of thin air and nothing backing it, we the people have to work harder to pay back the interest on that money to the creators of the money.
When I listened to an interview with an economist after the financial crash he said that before the crash he had asked the heads of the banks what they made of the new financial instruments that were appearing and they all said they didn't know. It was when thinking about this that I remembered an interview with a poker player, at the end of the interview he was asked whether he had any advice for the audience. He said yes, if when you join a game you haven't worked out who the mug is in a short time, get the hell out of there because it's you!
French subtitles uploaded: Merci à Karl Chretien pour la traduction en français des sous-titres et merci à Nicolas Philippot pour sa relecture attentive de la traduction
+QueuePolitely Super ^^
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Central Bank credits (M0) is not created out of nothing, it is asset backed via Global Certificates which are backed by real tangible assets ie 'Lawful Money' (Allodial/True Title, sub-soil mineral rights, gold etc) held in common law pure trusts registered with the BIS, UPU & Vatican and stored in military bases. In other words the whole countries land registry (via international treaties) is the collateral to issue their own nations 'legal' tender aka currency issued by the Postmaster General of that nation (UPU) via the Central Bank. The secret societies that control these sovereign trusts, control the world. This is the matrix. Lookup Matrix Freedom.
Thanks alot to all of you that have put the energy and the work to give out this documentary ........wich is one of the best ever.......
And the lust of money is the root of all evil
The poor pay more for everything.
Yep, boots theory.
Great job. Two thumbs up!
On the democratization of money, I like Bill Still's idea. Rather than pegging the currency to a basket of commodities, instead peg it to our most valuable resource: people. Simply increase (or decrease) the money supply according to changes in population.
Why can’t all schools have money and how it works, and debt as a mandatory course, in high school. Being financially literate will, hopefully, help people make smart decisions.
Mary Hoeft - Lol you would think they would make people aware of these things considering this is what our day to day lives are built upon. Nope, lol were going to cut that part out and if you want to understand it you have to put yourself into debt and go to uni. THEN you can learn how fucked up it is.. lol
@Lore Sogge they are propaganda lol
I watched the video you posted on Whirled Publishing's channel, The Line and thought it was both intriguing and freaky. Yikes. Experiment for other planets. How do you get out? How do you get in? What kind of ID is needed to allow a person to live in there? What about natural disasters? I don't see your comment on that channel, so I came to yours. I subscribed because you have an interesting channel. Thank you.
Seems to be a strong connection between when banks were first allowed to provide Mortgages in the 1980s and the massive rise in total money and massive rise in house prices.
Thanks for the info
This is why we need to get rid of money all together! Money is the reason for so many unnecessary problems in our world today.
How does one buy a latte every morning then?
Kyle B you wouldn’t “buy” a latte every morning that’s the thing. You would simply just go to a latte shop and get a latte. That’s it.
@@getridofmoney9868 I'm guessing you're a fan of the Zeitgeist movement and Venus project.. It's a very difficult concept for the average individual to grasp.
sneaking_ weasel yes I am actually. Unfortunately it is. That’s the main problem. The majority of people can’t grasp or comprehend anything other than the system we have now. Even just the idea of simply getting rid of money is very hard for the average person to comprehend or grasp which is a huge problem. If we don’t get rid of money I fear there’s no hope for our species.
Kyle: In a resource based economy, as proposed by Jacque Fresco of the Venus Project, there would be no shops or stores because there is no money. Virtually everything would be automated by technology, and it can also be used to create an abundance so that everybody can have free access to necessities like housing, clothing, and energy - and lattes. Technology is meant to free humanity from labor, and the problem is our system locks everyone not in the top percentages into all kinds of debt (student loans, mortgages, car leases, etc.) so that they have to have a job to pay those debts back. Get rid of money and we get rid of jobs and this abusive, exploitative system that only benefits a few.
I'm an American and I now have a greater understanding of our system from this British documentary. Whatsmore the creators of this doc have actually presented a couple of solutions that are worth looking at seriously. Profiteering corporations have no business in dictating markets for the simple reason that markets are a profit source only and an arena with winners and losers. Market sustainability requires sane and measured investment but that costs money and that gets relegated to the loser category because of the "smash and grab" mentality that pervades the business world today. The days of a civic minded wealthy companies are now gone, therefore, the public welfare is also relegated to loser status, not profitable. We need a system that will serve the corporate and the public needs and some ideas are presented here. Now, to find some lawmakers with the balls to try any make it work.Thank you much!
We won't find lawmakers to do it under this current system we need to destroy it and rebuild peacefully or not so peacefully
I would have loved to watch this a decade ago. Gosh we were so happy and didn't know it.
Well made. some shots were dark necessarily. :) but overall message is delivered. NOw we need to unite and think of strategy :)
great documentary, I would like it to be remade taking crypto currency into consideration.
I’ll second this mans genius idea!!
See Max Igan's podcast/interviews about China's social credit system that's coming to the U.S. Electronic money is how you can be locked out of the system if you don't behave. Crypto, like everything else could be great if we can keep it out of the control of the psychopathic rulers.
Cheryl McElveen
Related 2 ur post:
czcams.com/video/HPIeP9u2XKY/video.html
czcams.com/video/S5zYuWUsdR8/video.html
@Richard. In my humble opinion; that's not necessary at all. The documentary stands till today's situation, (although the amount of debt due by the FED and ECB exceeds all expectations since the making). To your remark towards Crypto's the answer is already in .... 1.14.10
@@crazytheworldupsidedown6686 bitcoin has already shown how robust the blockchain is and its impervious to meddling from banks and politicians which is exactly why the system fears it so much. One day, possibly when the market crashed next, the world will wake up to its potential. I think bitcoin can free us all from the fractional reserve banking system
@independent POV can you make a doc. film on India's financial system? Is India's system is same as you shown in this doc. or different?
A very interesting film with some great explanations but the one error it makes is to not call out the politicians who are not duped by the bankers. They are fully on board and complicit.
1:01:42 Does anyone know the name of the show? It seems interesting!
I could never understand why governments need private banks. The myth is that when governments own the banks the money is worthless, but with private ownership of a nations banking system it works.. This is the real con.
There is absolutely NO reason why all nations should not own and control the banks and thus all the profits stay within the country for the benefit of the people. The perfect opportunity arose with the 2008 bank bailouts, which should have been buy outs or better simple nationalisation.
thats would be quite difficult when a nation is in debt to the bank which asked for the bail-out... even the bail-out money is probably borrowed from the bankers....
MultiMK6 that is the point money created out of thin air by our govt.. is no different to money created out of thin air by the private banks...
@BRYAN LEWIS: It is expained in this video what is the difference. It is even better explained in the 'Princed of the Yen' movie. When a gov prints money, there is a greater amount of currency in the system, but the same number of goods and services available on the internal market. If those money are given to the people to spend on those goods, there an inflation will arise and those goods will raise their price soon enough. But, if the gov spend those printed money on productive business, although sooner or later, an inflation may arise or a currency devaluate if money are spent on the imported subproducts, technologies, etc..., the productivity of the country will rise, therefore in short notice a number of goods and services would rise proportionally to the number of currency available on the market. In a post war Japan it boosted an economy of Japan, but after an economy crisis in 90's, the gov has changed its politics and has lend money from the international banks that brought a greatest debt in the whole world, but this time productivity hasn't been raised, quite contrary is has been diminished for a years while a bubble being created. And the debt has an interest that has to be paid to the lenders.
@BRYAN LEWIS EXACTLY.Instead.The english government paid them so they don't go bankrupt ,wich,were SO DAMN MANNY MILIARDS OF POUNDS,that it amounted to about 24-30.000 pounds/ man,women and child ."Nice" isn't it ?
humanity doens't need government, every excuse for it is caused by it
Great presentation.... share it guys
This must be required viewing in all High Schools and Colleges.
Agreed. That and read "Rich Dad, Poor Dad" by Robert Kiyosaki.
Great documentary. Thanks!!