Money as Debt II Promises Unleashed (5 of 8)

[PublicFilthSpeeks]

I LIKe Santa Claus!!!

[Maninthbx]

@Goodminute

True, but if no one borrowed money, there wouldn't be any money, because that is how money is created. Thus the title, Money is Debt. It's the system and our values that need to be changed.

[LeighHegin]

legit way to make extra cash online /watch?v=BMPhsRN19Ms

[GoodMinute]

No one points a gun at you to borrow money. Don't blame the bankers, blame the irresponsible borrowers.

[bluehazer]

And this time bomb is just now starting to explode. Won't be much longer. Systemic collapse is soon, just wait and see.

[gerw0007]

Don't worry so much....you might start to get depressed.

If you really want to make sure America stays the greatest nation on earth...you should do two things. Get a prescription for a strong anti-depressant and then go out and shop using your CITI credit card. We need you to do your part to help keep the debt bubble inflated....if it shrinks...the whole economy will collapse!

We cannot have bankers and the rich losing money now...can we?

I would like to have them lose their heads!

[manoman0]

told you, the financial market products have nothing much to do with capitalism....

[MONOPOLY35]

Stop at 7:28! That's Ben Bernanke, the Chairman of the Federal Reserve. LOL!! He looks older and even more pathetic than the time of that interview with 60 Minutes.

[mousehead2000]

all i know is that 99% of what we consume, we don't NEED!

[manoman0]

@mousehead2000 i do!

[unassumption]

investment can lead to real growth in the supply of goods and services. 

[manoman0]

@unassumption productive investment...yes,, sure....

[unmarkedX]

So read em and weep, inflation does not EVEN produce GROWTH (let alone real production!)

IT KILLS GROWTH (and kills production)

IT IS BECAUSE IT KILLS GROWTH, that the STATE intervenes and ties to ARTIFICIALLY sustain GROWTH by spending

Off course THIS ALWAYS FAILS (it usually just delays and eventually worsens THE INEVITABLE BUST)

[axeld93]

@unmarkedX Mate, you are completely and utterly right. But only for inflation rates above 3 per cent. Below that, the relationship is a lot less clear cut, according the RBNZ. However they conclude that the benefits of inflation outweigh the disadvantages at very low levels. Take a look. And calm down. rbnz(dot)govt(dot)nz/research/­bulletin/2002_2006/2002sep65_3­brookkaragedikliscrimgeour(dot­)pdf

[KripDrip]

its better than a deflationary spiral like what we had during the great depression!

[axeld93]

and inflation causes people to spend, which increases production of the economy. When portrayed like this, inflation looks like an evil, shocking thing. It's not. It's a good thing, and I wish it would stop attracting all you crazy anarchist conspiracy-dealers.

[unmarkedX]

@axeld93

inflation does not increase production

it does not cause you to spend more to fullfill more needs for goods and services

it forces you to spend more FOR THE SAME GOODS AND SERVICES you would be consuming anyway

you are making no sence

[axeld93]

@unmarkedX You are ignorant. Get educated. You want statistical analysis? "Thus, this analysis agrees

with the findings in Ezirim and Ofurum that inflation causes public expenditure growth

in the United States." Here's a whole thesis, globip(dot)com/pdf_pages/north­amerjournal-vol2-article3(dot)­pdf. Oh, I'm sorry, you don't understand the Maths? Wait, who was calling for statistical analysis again?

[unmarkedX]

@axeld93

you are a moron

get a brain

you did not say GROWTH

you said PRODUCTIVITY

GROWTH has VERY LITTLE TO DO WITH ACTUAL PRODUCTIVITY

the fact that goods and services cost more with inflation means public expenditure has to grow to purchase the same goods and services

the fact that more money is spent for goods and service registers as GROWTH

but it has absolutely nothing to do with more goods being produced or more/better services being provided

[unmarkedX]

@axeld93

you are a moron

get a brain

you did not say GROWTH

you said PRODUCTIVITY

GROWTH has VERY LITTLE TO DO WITH ACTUAL PRODUCTIVITY

the fact that goods and services cost more with inflation means public expenditure has to grow to purchase the same goods and services

the fact that more money is spent for goods and service registers as GROWTH

but it has absolutely nothing to do with more goods being produced or more/better services being provided

[unmarkedX]

@unmarkedX

and even if the government does decide to purchase more goods and services this is a consious decision meant to OFFSET the damage done to the private economy

not a natural consequence of inflation

[unmarkedX]

moreover

you are also factualy wrong an NBER Working Paper by Javier Andrés and Ignacio Hernando analyzes the correlation between growth and inflation in OECD countries during the 1960-92 period. In Does Inflation Harm Economic Growth?

[unmarkedX]

Evidence for the OECD (NBER Working Paper No. 6062), Andrés and Hernando find that even low or moderate inflation rates (as we have witnessed within the OECD) have a temporary negative impact on growth rates, leading to significant and permanent reductions in per capita income. A reduction in inflation of even a single percentage point leads to an increase in per capita income of 0.5 percent to 2 percent.

[axeld93]

This video is very misleading because it is 100% completely true facts, but 50% completely false interpretations of the facts. Yes, the dollar has lost most of its value. No, this is not a bad thing - income and pensions offset it completely in most individual cases (have you got poorer over your lifetime, since the value of the dollar is decreasing??)

[unmarkedX]

@axeld93

these are generational chages

too slow to be realised witin an individuals profesional life (and obscured by personal circumstances, i.e. if a person does well financially then he will not feel this effect to it;s true extent, if one financially crushes and burns then this added burden would again be too minor to make a difference)

therefore this effect can only be detected by the use of statistical analysis and observations spanng over several decades

and these have been done

[unmarkedX]

the loss of buying power in relation to previous generations due to chronic inflation is real (despite the rise in income , the entrance of women in the workplace etc.)

we make more , but still OWE more and OWN less than previous generations

[axeld93]

@unmarkedX That's ridiculous. How many people owned cars or houses a hundred years ago?? We may owe more, but we certainly don't own less.

[unmarkedX]

@axeld93

Im being ridiculous????

Did you really just ask me how many people owned CARS 100 years ago?

did i take economics in school?

Hell! did you even GO to school?

that's a great argument! and I bet you none of them owned IPADs!

YES RETARD! 50 years ago more families owned their own home

way fewer families were in debt or bankrupt

look up Elisabeth Warren's work

[KripDrip]

we own MORE than ever! Today we got computers, video games, cars, tvs, welfare, and all that good stuff that years ago people didnt have. 100 years ago you were lucky to live to 40. Were better off now!

[apolllos7]

@KripDrip This is due to science and oil. This would have happened regardless of the type of economy we have today. Welfare is for emergencies, it's not great it's an unfortunate need.

[theboombody]

These are fun to watch.

[TheBDASays]

This video series is now way of track. It doesn't understand secondary lending, secondary investment, and what was that sad diagram about the reducing purchasing power of the dollar! Our monetary system is AMAZING, it has given us internet and Xbox. It works well in avoiding 2 key problems - hoarding of capital and disincentive to work.

[FrogmortonHotchkiss]

@TheBDASays Maybe you should take a look around sometime; there's a whole world out there and it ain't all roses. By the way, it gave YOU the Internet and Xbox; it gave others a life of sweatshop subsistence slavery.

[TheBDASays]

@FrogmortonHotchkiss I agree that there is work to be done, but look at human history and today there are far more roses than there used to be. The question is how to improve the garden. Getting upset about the secondary trading of investment, or how banks provide our money supply is the wrong way to go about it. The response to seeing that something isn't perfect should be to improve it, not destroy it, this series is good in some ways but a bit glib and short on solutions and improvements.

[FrogmortonHotchkiss]

@TheBDASays You can't say things are generally better; you don't know that. Also, better than when? Also, you imply that the monetary system is responsible for this 'improvement' when it is more likely technology. Also, the trouble we suffer at present is obviously directly due to the nature of the monetary system - this issue is hardly a distraction as you seem to think. If we found a way to make jet-fuel out of seawater our ravenous need for growth would still consume it all.

[TheBDASays]

@FrogmortonHotchkiss I can say that and I do know that! Better than any previously historically recorder time. Less human sacrifice, less slavery, less illness, less genocide, more rights, more freedoms. Our culture and money system drive technological change. The trouble we suffer today is not new it is ANCIENT, and our monetary system is not the direct cause. Blaming a monetary system for a crash is like blaming life for death... obviously true, and obviously irrelevant. Pol Pot anyone?

[FrogmortonHotchkiss]

@TheBDASays Try telling that to a Russian.

[TheBDASays]

@FrogmortonHotchkiss The ones who were serfs in 1900? If you are saying that the Soviet era was preferable to the Oligarchical one, their current political system was,in part, born out of being pegged to an artificially high exchange rate (incidentally the gold standard usually causes a similar problem). Luckily the Western banking system creates a global bond, and global security, through the Oligarchs interest in their dollar savings.

[FrogmortonHotchkiss]

@TheBDASays LOL 'global security', suuure.

[TheBDASays]

@FrogmortonHotchkiss Exactly security, another area we need to contend with that is sadly worldly and very grey

[FrogmortonHotchkiss]

@TheBDASays Who's 'we'? The bankers are one 'we'; the anarchists are another 'we'; the communists yet another and so on.

[TheBDASays]

@FrogmortonHotchkiss We everyone. We all breath. We all need to eat. We all need to address national security. You can choose to do it by being a capitalist. Or by being a communist. Or pretend to do it by being an anarchist marching over anything, smoking spliffs paid for by bankers' taxes and bitching about it, whilst swearing at the police who are busy preventing a facist group from beating you senseless.

[FrogmortonHotchkiss]

@TheBDASays That's not a statement of anything except a basic conservatism, is it? How will conservatism change anything? That's anathema.

[TheBDASays]

@FrogmortonHotchkiss No it's a statement of anti-teen-politics for people who use politics to feel smug, try to pull, and feel like the 'good guys' whilst being lazy and absurd. Improvement requires evolution not revolution. If people understood the current economic model they may be able to offer alternatives. 'Banks are evil because they make money' is as stupid as calling farms evil for making food. We need both.

[BeyondNeptune]

can't they make an executive summary of this film? It's confusing and seems to go in circles and repeats itself.

[GSNRecords]

It's not all too confusing, but it does show to what lengths the common persons PERCEPTION of the system is at odds with the truth.

It basically comes to: You need to spend money in order for Jerry to pay off the loan he borrowed to spend on products he needed. If you don't spend the money you have, he has no way to pay back the loan, thus he forecloses and bankrupts. This ends up becoming a huge fucking problem that this youtube comment box cannot properly encapsulate.

Watch the video, srs.

[fubecabr]

"The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it."

[g1code]

This is "painful" ... the freakin monitory system is the big elephant in the room , what a painful irony that no decent president or media say something about it ! (some say Ron Paul , but it's not serious),

.

The only person who was willing to do it is J.F.Kennedy, and look where he is !

[TACMAN518]

One world currency is coming soon..

[icetiger92]

I'm alittle confused. Why is repaying credit not accredited to the addition of the money suppy and is seen as destroyed, leading to a deflation?

[Youreallsheople]

This is scary because it's so true. Money is created as debt. The creator is a very smart guy. He explains something extremely complex very well. You won't get this information studying economics at university.

[delyparker777]

@Youreallsheople, welcome to the global awakening. The reason why you'll never learn this in the public school(fool) system is because it's all controlled by guess who?...The banks! Surprise, surprise... They bought off and control the media, schools, govt etc. I'm not sure if you've already seen the Money Masters or not but check it out also right here on youtube. Tell others to check it out!

[Youreallsheople]

@delyparker777 I saw The Money Masters. That was excellent as well. These film series complement each other and are very well-made. I agree - everyone should watch these films because it will give them an understanding of money and the economic system that they won't get from anywhere else.

[comidaparaperro]

Isn't it better to think of debt as a non-negative thing? after all as I see the more educated countries are the one's with the highest debts, so in a way debt = education; correct me if I'm wrong please.

[delyparker777]

@comidaparaperro, the point is that countries/nations NEVER have to go into debt. Why do we need to pay interest in the form of taxes to a bunch of "Ultimate Madoffs" who are a bunch of International Banksters or Illuminati as they like to call themselves. We can print our own money WITHOUT interest and that is what The Secret of Oz covers. We did NOT always have Federal Reserve Notes, we can go back to the greenback or silver dollars etc. The Money Masters discusses this too.

[shiftstart]

5:27 Sorry Mr. Narrator but after inflation it doesn't result in deflation. It result in more inflation as purchasing power drops, people are begging government and the banks to create more money to pay for the same items which they can't afford anymore.

[generatrix999]

The media is owned by the banks, they will never make this mainstream information/education.

[kitsilog]

it would be better to live on the old days, where there is no money, and the only goal of people is to hunt for food

[trufiend138]

this part 2 is very redundant...very...

[Zoolevation]

Everbody wants to change the world...world peace, no nuclear weapons, give poor country's money, drive a Prius, be a member of Greenpeace etc.. but nobody says that they will change the monetary policy. Only change that policy will be solution for thousands of problems in this world.

[MrMick73]

if you like this video watch Zeitgeist if you havent already or find out about your strawman , apparently the US GVT sold your birth certifcates to create debt. Watch THE ANITTERRORIST on youtube. Look into Strawman and Admiralty Law. there is more to this than just creating money, it is about perpetual slavery. . Remeber , Hitler killed not one person, other people did it !

[felderosa]

clearly you haven't learned anything. YOU are the one who signs the contracts that get you into the mess. learn about and read all contracts before signing anything and you will be on your way out of the mess you think someone else put you in.

[bxccapricorn]

yeh thanks to the jews n rothschild is one of them.

[bxccapricorn]

yeh thanks to the jews

[LucVNO]

What's hard for people to grasp is the fact that the entire world they know is a lie.

Money = Lie - it all really credit

Capitalism = Lie - capital has value, credit has the opposite

Democracy = Lie - democracy means that the people are in control, while the money system is obviously controlling us.

[SomethingSea1]

@LucVNO "Capitalism = Lie  - capital has value, credit has the opposite"

That capitalism is using banks is not an invalidation of capitalism. It's an invalidation of banks, statism, and corporatism. CORPORATISM. Capitalism is simply free trade. It doesn't have to involve the shitty system we're using right now.

[cds162]

consdel2000

is this vid over your head?

can't grasp the idea that money does not exist? only credit and debt do?

yeah it's hard for some to understand that we the people are being used...

stop spending - no money

watch it a again.. still don't get it? watch it again..

it will sink in..

[plasticbarf]

What a rational argument, you have provided a lots of reasons what it is.  Oh wait . . .

[gogolando]

You guys are being doped by the same people that run everything. All this still ends up in a centralized system based on paper. Think people.

[JurkoffJay]

FUCK THE SYSTEM! TRASH IT!!

[alphawav3]

thank you for posting these videos. :)

[jbryant13]

"Some men wrest a living from nature. This is called work. Some men wrest a living from those who wrest a living from nature. This is called trade. Some men wrest a living from those who wrest a living from those who wrest a living from nature. This is called finance."

~ Fr. Vincent McNabb

[Katelnine]

You can join facebook Lazarus the Ressurection! Plese join for insite to this situation!

[xadam2dudex]

at 3:00 that is the current system we have now which caused the collapse we really don't have an economy just a money casino..

[niggaflies]

Yes, we do. he is refering to derivatives, forex, and futures contracts. These instruments are used just to speculate and make as much profit as possible

[xadam2dudex]

yeah the only segment of the economy that has grown is the speculative banking sector ..it's all a casino bets on bets on bets

[APB187]

This system discourages savings

[RCEbooks]

World War 3 will end ALL of this, kicked off most likely by our defaulting to other nations on our debt to them, thus putting them on our shores ready to attack.

[HeyItzMeDawg]

But banks will take over yet again...

[TimeTelescope]

The US has the most powerful army and US banks are owed the most money internationally. Historically the side with the most powerful army is almost always the most aggressive party, so in all likelyhood, if anything, it will be the US army attacking some other poor insolvent countries on behalf of US banks (who hold most US gov bonds).

[niggaflies]

no, because war is profitable to international bankers. watch money masters. bankers collect more profits during war because all sides are willing to spend unlimited amounts just to win the war

[fightforyourrights9]

This shit makes me sick to my stomach. I'm wondering how much longer humans will last before we self destruct as a species, and potentially endanger the rest of life on earth in the process.

[ScorpiusIncorruptus]

Well put...

These concepts and the people that perpetuate them might be deserving of our hatred.

[delyparker777]

@fightforyourrights9, the Secret of Oz gives you SOLUTIONS to this crisis. Please check it out and tell as many people as possible to check out these documentaries!

[Chrome585]

@fightforyourrights9 As george carlin said, the earth will fine. It will just sneeze and we're gone. Humans though, we are f-u-c-k-e-d. I don't see a way around it. The Earth will be around long after we self-destruct though. Environmentalists are egotistical thinking that we can harm the earth. What they are really worried about is that we will harvest too many of the resources *useful for humans*. But the rock that is the Earth will be around until the sun consumes it in billions of years.

[Kraneloran]

@fightforyourrights9 I actually believe in the theory, that there is a reason, that some bankiers made us their slaves. I actually believe that they try to form a "New World Order". It all makes sense, if you inform yourself enough and think about it. However, maybe it's me whos short of Information, but just in case you're not common with the theory: lotus-online de/modules/news/article. php?storyid=146

If it is all about the NWO, than destructing will not be the case. just slavery

[Kraneloran]

Forgot to mention: Fix the link (there is a preak just before "php" and one before "de" and also the "." before "de" is missing (yourube didn't want me to post a link :/ )

The Movie is actually in English, there are just German subtitles

[ddnbbudies]

start with the oldest comment then the one above and then the last above

thank you

[ddnbbudies]

But not 100% of all deposit are withdrew the next day. In this world only 8-10% is kept in bank account to pay people like us :)

[ddnbbudies]

Commeracial banks do not create money... the only bank that is creating money is the Federal Reserve.

What commercial banks do is that they lend the money that people lended them (or deposited). But you'll ask " but how can they pay me when I withdraw money from the bank if they lended it to somebody else?"

There is a rule of "resever Requirement" and they have to keep of proportion of avaible money in there account to give back the money to their customer when they want it.

[HeyItzMeDawg]

Did you watch Money as Debt 1? Because that clearly explains how banks can conjure unlimited amounts of money out of thin air and never pay any of it.

Reserve requirements other than 1:1 are the sole reason how banks can conjure up money out of thin air. And reserve requirements don't apply today; the real thing that applies is the ratio of new debt money to existing debt money, which is the inverse of the reserve requirement ratios.

All explained in Money as Debt 1.

[TimeTelescope]

Recent financial history clearly shows that commercial banks routinely violate their legal reserve requirements by extending virtually unlimited credit lines to major corporations in particular, forcing the treasury to create more paper currency to catch up. Although it is true that the Federal Reserve is complicit in this by failing to properly regulate the lending of the banks.

[ddnbbudies]

I can't say you are wrong.

I would like to talk about Ron Paul. Audit the fed... is this on the way to happen?

If we can have a look at what the fed has been doing in the last 50 years or so I think we would get a clear answer!

thank you for your reply!

I wish we could make this issue more interesting to more people..

[KripDrip]

what do you mean by creating money? R u talking about those dollar bills and coins? If the money they create sucks, il just switch to using my debit card.

[ddnbbudies]

hi!

Well there are 2 mistakes in this video!

Deflation = A FALL in the price of good, which means "negative inflation" This did not happen are very rarelly happens as price always rises but just at la slower pace.

[xqtr74]

That's why we have to advertise this kind of videos on various forums.

[oreolvrsshane1987]

GO VENUS PROJECT

[bigdicky321]

Just look at the number of views. Then compare it to the number of views on some of the mindless videos on youtube. 95% of people just dont give a shit.

[CosmosPrivateer]

This country will need to fall on its face for these people to totally wake up.

I mean face plant in the road.

They will care then but will we make the correct choices to change the system and create a system for the people, all the people of this planet.

We are consuming pigs.

[garden333]

A new way is coming and it will be beautiful But, we have some rough roads to cross first.

[delatroy]

yep. this is the biggest problem. people just don't find this interesting.. yet to me economics is fun. even if this video had lots of views.. people would either refuse to believe it because the reality is too harsh or deny that its true :)

The only way to get around this problem is persistence.

[garden333]

most don't care because they are brain washed. Check out project Camelot videos. The straw man video is also good. Then do a search for the monument in GA and see what it says.

[niggaflies]

your right, I try to tell my family about it and then just say " I don't care about money." but people need to start caring because it affects everyone from those who care like you to those who don't care

[pdubya66]

@bigdicky321 exactly and it goes further...just look at the viewing figures for part [1 of 8] nearly 5 times more than the remaining sections...even when people are finally shown real truth their attention span has been so dumbed down they cannot be bothered to watch it all.

By the time the sheeple wake up we are all screwed. When the eventual worldwide economic collapse happens even the greedy rich bastards on wall streets money will be just as worthless as ours :)

[psytrancedan]

@bigdicky321

Thats why the bankers continue to get away with their scam

[TheLivingDeadOne]

So watching this, the hidden help you dont see in cash for clunkers, was not just helping car companies, and no ones spending so the economy isnt helped from that money, but you help the banks, cause i doubt anyone payed cash for that new car, even with the discounted price, but now they have more debt, which the banks just love.

[TheLivingDeadOne]

Oh Well ,. we are fucked,. I need a safe

[therealmetroidmaniac]

as do I.

[sirellyn]

I love these sets of videos. I don't like how they are completely ignoring the central bank's role in all of this. And completely gloss over the 1930's depression.

[TwoHighways]

sickening, isn't it?

[ctrader09]

its even more sickening how much ignorance there is about this stuff