@ericace801218, as long as you allow it. Every dollar of personal debt you eliminate weakens their hold on the economy. It's a simple thing every american can do.
we just had a election in denmark. the finacial crisis was the main topic but what did all the politcians descuss.. how to incrase growth. this is one big ponzi scheme. if we keep on growing in size and production we will eventually just tap out our resources and die. look at how nature workes without humans and then look at the world now that we dominate it. maybe money is one big symtom of the bigger problem. that our whole society lacks Sustainability (not just our money system).
Okay this video does not explain the issue properly the bank does NOT create money what happens is say someone deposits $100 someone else borrows and buys something from person B person B deposits the $100 and then person C withdraws that $100 going in this way any amount of dollars can be lent out BUT notice the bank doesn't simply create the money like they say ALL the depositors earn interest
@StandardTrickyness you are wrong. money is of course created by banks. everyone knows that and did so the last 200 years. how come you dont know it? check out some lexika, wikipedia whatever. it's not even a "secret", just the normal process!
Makes me sick. I just set up my car payments while watching this. The bank is just a entity that did not have the money, just printed it when I when I signed on the dotted line. Then, they are charging me interest on the money I created. That should be criminal.
I disagree with the circle idea around 31:45. The lender will only take up all the money in the circle if he never spends any money. He will have to buy food etc. so the money he makes from lending (ie his job) will flow right back into the circle
The bankers sense the threat and are moving on Bitcoin
"In a GFY thread posted up Saturday, Paxum announced that starting immediately it would cease working with any companies using virtual currency Bitcoin. The decision had been forced upon the global e-wallet and money transfer service by its banking partners, the company said."
“The main fears had to do with the fact that [Bitcoin is] a decentralized currency and as such there isn’t much control over it,” she said
Not exactly "fast-paced and highly entertaining" But definitely informative. I once read, tho I have never confirmed that the Buckminster Fuller Foundation did a study that concluded there is enough money in the world for every human to have a million dollars each. And that within three years the people who have all the money now, would have it again. I thought I understood that statement. I did not. I do now.
@l33taekwon this guy is an idiot talk to an actual economics professor first the initial 1111 dollars the bank has 90% of it is loaned to someone (the rest is stored) then that money is spent and the reciever deposits 0.9*1111 into the bank and then the bank lends out 0.9^2*1111 and so on for a total of 10*1111 dollars loaned out it does not multiply right away talk to economics prof
2006 (i think)... Certainly some time before the financial terrorists started the current mess.
That the predictions on the system explained in the doc have become treu but none of the politicians or mainstream news sources have even mentioned this as part of the problem (let alone saying it is the problem) tells enough.
The masses won't see this information on a national tv broadcast.
so if i get a bank loan to get a car, i thought the bank had to pay some actual money instantly to toyota, which i would pay the bank back...so where is the loop?
@coldbloodedfilth that they create the money only by typing it into the system...then the bank writes a check and you give the check to toyota which gives the check to its bank..no actual money involved...the amounts only exist in on the check and in the banks balance..YOU are the only one giving actual money to the bank when you pay your monthly rate...Did you not watch the docu dude? Or did you only watch the fist 5 minutes ?
Money is only this way because of the forces exerted-upon our governments by the Rothschild banksters. Before them, the world didn't have this huge debt-based economy, and when America was free of them in the 1800's, we didn't have a debt-based economy. :\
document doesnt present all the facts.First,this system of fiat money is very good for new investments,since you dont have to wait for savings.Second,banks in this system do not accumulate all the property,since interest rate is calculated as a risk of no repayment (and potential collateral is risky as well).Third,money creation was under state control in communist bloc and went to collapse as well, because of wrong investments. Real problems are bailouts to unsuccesful banks, not fiat money.
@1284jjjj you obvioulsy dont understand the fact that the system of neverending growth and fiat money has to collapse sooner or later...nvm..more clever people than you dont understand this simple fact either...but all you guys have something in common...a twisted common sense
@1284jjjj we dont have to argue bro, Keyne itself knew that his system would lead to collapse...when confronted with the fact that his Keynesianism economy is short sighted he answered "Well, in the long run we are all dead anyway"...He forgot to think about the long run in terms of generations though...study some austrian economics pal..maybe you see the light then or maybe not...nobody can force somebody else to understand
@chris99103 the end of current crisis (and if Greece and potentially Spain and Portugal had not been accepted to the eurozone 10 years ago, the crisis would have been away now) will be hopefully proof for you that the austrian school of economics is wrong (was reading most of the stuff and it doesnt make sense, in my opinion just Hayek with his system of private money was original).
@chris99103 If we were to implement a demurring currency backed by a mixed gold-silver standard (in the historical ratio of 1/15.5), as well as kick-out the Rothschilds, we would have a sustainable prosperity which has not existed before (except in Woergl and some other AUstrian/German Great Depression era towns (per demurrage) and 19th century America (per the metal-standards and freedom from Rothschilds)).
As it happens, the existence of central banks to bail out creditors has a real world counterproductive impact. Because the banks loans are guaranteed, they are incentivized to issue loans that otherwise wouldn't be profitable. This means that banks can create more money than the equivalent amount of value that is being produced and still profit. When the expanding money supply outstrips new value, the bubble bursts.
There needs to be monetary and capital expansion to match real productive growth. What difference does it make who is producing the money? I would rather trust private industry (including bankers) to asses value than government. Insofar as they make mistakes and lend out more capital than the amount of value that is produced, the value of their money in a free market would decrease. This is called inflation. What is the problem with a system like that, and what would be a better alternative?
I have a question and I hope the answer is simple:We've been using fiat money for decades-it's just government money that can be exchanged for anything.So isn't money 'nothing?'if loans are just promisory notes and money is promisory notes and we're just creating more and more promisory notes, so what?as long as customer confidence exists the currency will not crash.i can only think of one reason to not make money free and that is demand will exceed supply no matter what.
basically: if you told me that you are paying me money that can buy anything, i would be okay with that until ... when? why did the market crash? what confidence was lost? there's nothing money depends upon - not gold, not silver, not anything. Was it confidence in USA's ability to maintain steady economic growth?
If you wonder what really killed economic growth i would suggest a clip called: Who killed economic growth.
It's a short clip but tells allot, and when youve seen it you should checkout a documentary about peak oil (A crude awakening: the oil crash is a good one).
When you got that information and put it together with the financial system we got you might get an idea of what's at play.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end
Does it mean we only need to create money when there is something tangible to cover it?
If,I catch a fish and take it to the market to sell it,then would it mean the money for my newly introduced to the market fish has to be created to allow the sale to take place?
If then my fish is re-sold 10 times the money for the profit of each would also need to be created?
How to ensure there's just enough money in circulation?
Money, guns, drugs, sex and rockstar lifestyle. Money is not the problem. People are. Guns are not the problem. People are. Drugs are not the problem. People are. Sex is not the problem. People are. Rock is not the problem. People are
@obliviontrooper bitcoin suffers from the same problem of hording that gold and silver did in the past, unfortunately it doesnt make a very good medium of exchange. Also there is a flaw in the protocol which allows attackers to be able to apply large amounts of mining power before a difficulty readjustment, then switch off their mining just after the readjustment causing transactions to take up to weeks to register in the blockchain. Still fascinating technology though.
This goes to show we have to much trust in the government and that giant corporations are behind the poverty because thay want poverty look this up on net flix its called (speaking freely vol1) And then look up (starving in Africa) Because thats where corporate greed hit the hardest and now here i am wanting to fix this problem while thay make all the money witch is worthless but yet at this point means life and death for some!!!
@regelmihai FRB doesnt increase the physical money supply, its digital. Like GibsonLesPaul561 said less than 10% of world currency is tangible. Ive heard it is actually 3% but Ive yet to verify that. Anyhow thats what the 9:1 ratio was about, for every 1 actual dollar they can have 9 dollars on paper, or rather digitized. Hope that clarifies things.
fuck all u disliking assholes. you do not understand money the true meaning behind peace loyalty and the true history behind our banks u just have money or get them from ur parents am i right? you dont make money now ur parents does ur not the one stressed loaning and getting money so back off
We the People are the debt. To our own societies. Im actually debt free for the first time in 34 years. But now Im unemployed as well. Gotta love the irony.
This goes to show we have to much trust in the government and that giant corporations are behind the poverty because thay want poverty look this up on net flix its called (speaking freely vol1) And then look up (starving in Africa) Because thats where corporate greed hit the hardest and now here i am wanting to fix this problem while thay make all the money witch is worthless but yet at this point means life and death for some!!!
Didn't hebrews create the banking system? Wasn't it the only thing at which they excelled? Aren't Jews running most of the major global financial institutions? What lessons can we learn when we inevitably must rebuild a new society?
@scientifico There is only one lesson to be learned: Interest is impossible to pay off since it doesnt exist in the real supply of money. Usury must be guarded against at all costs or this cycle will persist.
@thisisyourwakeup Hi. I disagree. People are corrupt. If people had the character to not truck in loans, then corrupt banking couldn't exist. But, you can't drive a truck load of money up to most people and have them say, "No." Some can, but most can't. So, we're stuck. This is as good as things are going to get until humans (or Dolphins) evolve a thicker neo-cortex. Thomas Jefferson said to never pay for things with money you don't yet have... but he was talking to himself and the wall.
@joeviking61 But there weren't yet credit cards... the sheer number of things we pay for using loans today wasn't a reality before 1920 (that's about the time loans for automobiles became available, I think), and even more so before 1945. After 1950, consumerism took off like crazy. I think 1940 was the last time anyone could by a house with cash they had saved up over the course of a 10 years, even less than that. Everyone I ever met from that generation owned their house when they bought it.
When I say "banks cannot lend out more ..." I am referring to each individual bank in general. As I said below, it is the recycling of loans and deposits into different banks that causes the money supply to increase. But from the perspective of each bank, there has been no money creation.
@orionstarman: Of course Governments control the money supply. That is my point. Quantitative easing is a necessary evil of printing money to prevent a deflationary spiral. What Grignon proposes is that ALL money is printed into existence by government. That is what Germany did to fund WW1 and it caused hyperinflation. Printing money should only be done in rare instances and should not be the basis for all money. FRB is a better way to increase the money supply and to facilitate loans.
@BloggsFrederick With puss fucks of a brain like u,US deserves to be flushed down like a poo by this monetary system and dont mind whether u like it or not,pathetic get it or not US would go down,nd ur papa Israel wod never miss a single opportunity to fuck ya specially and ur wikipedia Reserve board,so be ready u butt headed chloride mindless junk ass(excuse me for my language,but ppl like u deserve to b treated like this) traitorified puss
@orionstarman. Banks cannot lend out more money than they have on deposit. If they do then they must borrow the additional funds in the capital markets and pay interest on it. At any time the assets and liabilities of a bank must balance. The assets are the loans. The liabilities are the deposits and any borrowings the bank has made. I know more about banking than you do. Clearly. Read the wikipedia article on FRB if you do not believe me.
@BloggsFrederick This is incorrect. The fractional reserve is the amount they must really have in deposits in order to be able to multiply up the "credit" which does not exist. In fact there are so many accounting tricks there is almost no reserve compared to the credit issued and therefore the bonuses that bankers award themselves.
@BloggsFrederick you're simply wrong on a lot of points. Since a bank considers a "loan" an assest they technically dont give you anything. If I give you 10 dollars, those 10 dollars are not in my pocket any more even though you still owe them to me. When a bank "loans" you 10 dollars, those 10 dollars are still an assest to them meaning nothing has been taken from the bank.The money supply has increased by those 10 dollars. And those 10 dollars are debt based.
It's an accounting trick, no doubt, but I still don't get how Fractional Reserve Banking increases the money supply. Do they print up that money? Only the Fed has that right--commercial and investment banks don't.
No, I get that part, but I just don't get how Fractional RB increases the phyiscal money supply just by doing accounting tricks. The fed prints up the money, not commercial banks. What am I missing?
No, I get that part, but I just don't get how Fractional RB increases the phyiscal money supply just by doing accounting tricks. The fed prints up the money, not commercial banks. What am I missing?
@regelemihai Banks dont create paper money. They expand the money supply electronically. Most money exists electronically.
The accounting trick that banks use is that money that is deposited with them is promised to multiple people. When you go to the bank and deposit 10 dolllars......those 10 dollars exist in two places. The bank loans out that money and at the same time that money is still registered as being in your account.
Exactly, that's what I'm talking about. But to say that since it remains on the banks balance sheet it therefore increases money supply is a bit of a strech. Electronically expanding the supply is just a promise. Without the physical money it means nothing. And yet the claim is that FRB increases the money supply.
no interest system is 100 % ISLAMIC SYSTEM which now world is understanding by it self hehehe learn hard way but that what they come and there is no other system will work cos money and use of money is same and creation of money is less and economy is slow as seen now but real and no one sleep hungry and all can live lives nicely
Also, when there is a default of a loan, that money is gone from the system. The amount of money in the system falls. The idea of a money supply having to expand to meet the cost of interest payments is simply not true. Instead it is governments who actually create new money by printing it into existence in the process of quantitative easing. You see governments engineer a small amount of inflation into the economy. They even have inflation targets.
In addition, the interest rate stuff is false. On average, interest rate payments cancel out. Why?
1) The bank gets interest rates from the borrower. These interest rates are credit risky and so the bank may not receive them as the loan may default.
2) The bank has to pay interest rate to the depositor. The bank has to pay this.
On average, the expected interest rate from the borrower (taking into account default risk) just exceeds the interest rate from the bank. Any excess is the bank's fee.
There are a few aspects of this video which are wrong
i) Banks CANNOT LEND OUT MORE THAN THEY HAVE IN DEPOSITS. They are no creating money out of this air but lending money they have in their vault.
ii) It is the repeated borrowing and depositing in other banks which causes the money supply to increase. A bank which receives a deposit cannot distinguish between this money and "non-debt" money.
iii) Banks pay interest on deposits (maybe not much now but in 2007 I could get 5%).
Also, the solutions proposed by Grignon are just crazy. Do we really want a system where we have to carry around gold. Or one where we will never get a loan. Or one where politicians are the ones printing money into existence. The solutions to the current debt problems are simple
1) Do not borrow money you cannot pay back.
2) Do not lend to someone who you think will not be able to pay it back.
The volume of cheap chinese imports was so high that prices were kept low and interest rates were never raised. This was not caused by Fractional reserve banking but by governments failing to control the money supply through the mechanisms they already have. Fractional reserve banking is a powerful force for good if used carefully by government. In 2002-2007 this was not the case. In fact the government probably was happy too engineer a "boom" off this borrowed money.
@orionstarman - I agree that the cause of much of the personal debt we have now was the low interest regime introduced by Greenspan post the dot com bubble bursting. Banks also got very slack about who they lent to. The US should have controlled this by raising bank reserve ratios and increasing interest rates. However the interest rate policy was driven by realised inflation, not by money growth.
@jesterdxb - The film "It's a wonderful life" is not an explanation of the monetary system but it is a very famous film that most Americans over the age of 30 will have seen at some point. There is a moment in the film when there is a bank run and Jimmy Stewart explains that he cannot repay everyone the money from their deposit accounts as it has been used to finance the mortgages and business loans in the town. That is fractional reserve banking.
We are being blind folded by the media, and ads commercials, t.v's keeping us busy while they do their work behind our backs. You can bet, a few years from now the government will step in and control the internet,along with corporations. Oh the humanity!
The point is.. we are not taking about money. We are talking about devils,demons who have created this system and are preparing to have us slaves to the devil to worship him. This is why this system is coming crashing down because it was all a lie. now we are dependent it being removed y limiting informationand soon we will have NO RIGHTS we are going to be slaves ..The nwo is here, They are passing bills left and right to limit our rights. changing the constitution.
Anyone who has ever watched the movie "It's a wonderful life" will know that a bank does not hold all of the deposit money in its vaults but lends that money out to enable companies to buy machinery and hire people, to allow people to buy houses, buy a car and so on. In return, the depositor gets interest. This video is communism and anti-semitism with a nice canadian accent. Yes let's have the government spend all the money into existence. That's what Germany did in 1922 and Zimbabwe recently.
@BloggsFrederick Did you really just try and explain the whole monetary system based on a hollywood movie you saw??? If so, then I think we all better start packing our bags and heading for the hills because I saw a movie a while back and the Decepticons are coming from Cybertron to enslave us all! Lol.
There are many errors in this video. It is true that fractional reserve banking expands the money supply. But in this video the numbers are wrong by a factor of 10. The point is that borrowing does increase the amount of money and paying off of the loan decreases it. There is nothing evil in this. Credit is a good thing which must be handled wisely. Banks must be careful who they lend to. The current crisis was not caused by FRB but by banks lending to people who were not credit worthy.
@BloggsFrederick They didn't care if they were credit worthy or not. In 05 and 06 60% to 80% of the housing loans made were subprime. They made money off the fees they charged and then by selling the loans to the next greater fool. They didn't cared if the loans got paid back or not. Also they did there share to continue the myth that housing prices would always go up so they could sell people HELOCs
@BloggsFrederick The reason why banks dont have everyone money on deposit is because they promise money that is on their books to multiple people so when everyone comes to collect their money, its not all their. Banks loaning that money that is on their books to multiple people is how the money supply is expanded. When I deposit money at a bank, the bank loans out that money but at the same time my money is still registered as being there. Meaning the money supply has increased
@BloggsFrederick the government did not decide to go to with the QEs. The federal reserve bank did. They are not part of the government because no one in government can overrule a decision they make which means they are not part of the checks and balances system. The fact that you would say this video is anti semetic is very telling.
So we get rid of banks so I will not be able to buy a house until I have saved for 30 or 40 years. And all that time my savings which were earning zero interest as the bank does not pay interest have been falling in real values as the government has been spending the money into existence. And the government will never be corrupt by giving interest rate free loans to its cronies and its supporters to buy votes. Wow that will be a wonderful system.
@BloggsFrederick Banks are paying almost 0 interest now and it was all that easy credit that helped drive up housing prices in the 2000's to start with. I don't agree with all this guy's solutions but does a good job of explaining the debt=money problem.
why people don't daire to say that the jews are the money lenders with interests, even though that it is forbinden in jeudism, christianity and islam. they breake the rules to control Europe like when they helped creating war between England and France then the christian were forced to lend money from the jews even though that the pope have forbidden that.....
ONLY Ron Paul understands the scam of the current banking system and WILL fight to abolish it. That is why ONLY Ron Paul will receive my vote for President, if he is a nominee or not. I will simply "write him in" if I have to.
Great documentary - thanks for the post. One thing, though...why do we need something called "money" in the first place? The basic needs of people is food, water, education, shelter and playtime (or something to do all day). Why does money need to be in the picture? With the sun, wind, tidal waves, geothermal providing us ample energy all we need to do is setup the inital conditions and soceity will take care of itself. But I guess our thinking is not that far outside the box yet...
@jesterdxb Money is a tool. The barter system is too cumbersome. If I grow corn and want to buy a new car how can I do that if the dealer doesn't want my corn?
orionstarman I respect what you're saying, however I was not talking about a barter system but rather a system of abundance. You wouldn't need a car if there was an effective transportation system. If, however, you did need a car, you could borrow one from a "library" and return it when you're not using it. Or we could produce enough cars that everyone can have one. The point is you don't really need the money if there is better tech and smarter people in charge.
PS - if you don't believe me when I say a money-less society CAN work, just check out a documentary by a man named John Pilger called "Stealing a Nation" which talks about the people of Chogos Islands who were living without money for many many years, until the British gov kicked them out of their homes and dumped them in Mauritius because they wanted the island as a military base.
Fantastic video. Great info. I do have one criticism of the narrators monetary solution beginning 36:05 . If money is expanded through interest free gov spending, and contradicted by increased taxation, this would lead to declining overall efficiency.
Instead of decisions being made by individuals in the marketplace, the inefficiencies of bureaucracy would consume an ever increasing share of the GDP, just like the bankers do today.
The people must own the monetary system, not politicians.
For more info: 1. Go to AbelDanger(dot)net / 2. Scroll down the right side panel (below all the images) until you see a "CITY OF LONDON" heading in black text / 3. Click the "Monetary Reform" blue button / 4. Have fun exploring some amazingly fresh info! (note: the site spells it ABEL – not Able)
Share the wealth, help me to fund one year of study. I'm asking 13000 people to donate just £1 - much less than a coffee, to help me in an opportunity that I've earned through hard work but cannot afford with all of my tax-paying family's savings put together. Twitter @lessthanacoffee, paypal littlegooddeed@gmail.com
The content in this video is incredible. The explanations are very clear and powerful, one of the best I've ever seen on this topic. It'd be great to see this develop into a more contemporary-looking aesthetic to reach a younger audience. Many thanks for your work. It is so important.
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
World revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif, February 8,1919
Welcome to JEW WORLD ORDER,they own FR,it's private
Bible,Revelation 2:9,,3:9 jews=Synagogue of satan
Read this book for free on internet WHO IS ESAU-EDOM
This is why when people talk about the flaws of Ron Paul...Ending the Federal Reserve outweighs ANY other issue by a massive amount. Only Ron Paul wants to end the Fed
Bank of England and LLoyd's of London are the roots of all Evil. They own the Chinese, Indian and Russian banks as well as any other banks. We owe to them, not China and India,
They have mortgaged us for ever. We will keep paying interest over interest for generations to come. It is like refinancing over and over, you will always pay interest and never the principle. You throw away all the interest payments, each time you refinance (you are being robbed of years of interest payment).
and why Ron Paul is ostracized by the media...but we will vote him in without the media...we don't need no stinking media. We need a man with the integrity to actually run our country according to Constitution and the LAW!!! Restore America 2012 RON PAUL
Who REALLY runs our world? search "israel Did 911" and search "ZionCrimeFactory" for proof.
"US Rep. McKinney has accused the pro-Israel Lobby in America (AIPAC, ADL, etc) for ruining her political career.She refused to sign the pro-Israel pledge from Congress and took a pro-Palestinian stance. Because of this, she said “war was declared” on her by them. In 2009 she told TIU's Ognir that “more than 99% of Congress work for Zionist-Israeli interests.”
we are anonymous, we are aware of the corruption in the world's governments and their apathy for the human lives because of money.
we are aware of the governments' attempt to cover on the news of the rebellions to keep us as slaves for the current system.
we are anonymous, we declare war on the corrupted system, join the plan to get your freedom and rights back. you are a human being, your life has value. we are legion, expect us!
So this really motivates me to join a credit union. However I'm having trouble finding one I can join. What really worries me is that most I find are associated with Churhces so if the banking system crumbles, where does an atheist guy, born Jewish, go?
@fireant202 Where are you from? In Southwest Ohio, where I am located, there are credit unions everywhere and none that I can think of are associated with a religion. Interesting.
@erinmhughes I used the CU search tool that comes up as the first google result for "Join a credit union" to look in my local Brooklyn area. There are a few for hospital, military and other public service employees but nothing a web designer/developer like me could join.
@gerwazjana yes.. it is over!!! and they will they are putting book online and out of free hands why dont people get it?? WHEN WHEN THEY HAVE ALL ALL MONEY DIGITAL ALL INFORMATION DIGITAL.. THEY OWN YOU ! WE ARE IN A WORLD OF TROUBLE
we can always create out own economy. we dont need them.
coyotama 1 day ago
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10000euro 3 days ago
I wonder how long this shit will last
ericace801218 3 days ago
@ericace801218, as long as you allow it. Every dollar of personal debt you eliminate weakens their hold on the economy. It's a simple thing every american can do.
ppetraki 1 day ago
The real money is the labor which makes yet again money to pay back the debt. Modern time slaves basically.
SilverTissues 4 days ago
適合經原
bruce78131 5 days ago
we just had a election in denmark. the finacial crisis was the main topic but what did all the politcians descuss.. how to incrase growth. this is one big ponzi scheme. if we keep on growing in size and production we will eventually just tap out our resources and die. look at how nature workes without humans and then look at the world now that we dominate it. maybe money is one big symtom of the bigger problem. that our whole society lacks Sustainability (not just our money system).
fobolsjov 6 days ago 3
Bitcoin will be inflated too.
NothingAtAllXD 1 week ago
haha, "that only works at the bank, dad."
trick29420 1 week ago
Why are you lot so obsessed with documentaries?
jonjon1957jonjon 1 week ago
Okay this video does not explain the issue properly the bank does NOT create money what happens is say someone deposits $100 someone else borrows and buys something from person B person B deposits the $100 and then person C withdraws that $100 going in this way any amount of dollars can be lent out BUT notice the bank doesn't simply create the money like they say ALL the depositors earn interest
StandardTrickyness 1 week ago
@StandardTrickyness you are wrong. money is of course created by banks. everyone knows that and did so the last 200 years. how come you dont know it? check out some lexika, wikipedia whatever. it's not even a "secret", just the normal process!
TheUffty 4 days ago
Makes me sick. I just set up my car payments while watching this. The bank is just a entity that did not have the money, just printed it when I when I signed on the dotted line. Then, they are charging me interest on the money I created. That should be criminal.
withnonamemarketing 1 week ago
I disagree with the circle idea around 31:45. The lender will only take up all the money in the circle if he never spends any money. He will have to buy food etc. so the money he makes from lending (ie his job) will flow right back into the circle
redsava 1 week ago
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すごい動画発見したよっ♪
絶対みんなも見た方がいいですよ～っ♪♪
「一億円いらない」で検索してみてねっ(・∀・)ﾉ
世の中にはこんなことで悩んでる人もいるんですね！！
みんなも一度は見てくださいね☆
iajdiasia 1 week ago
The bankers sense the threat and are moving on Bitcoin
"In a GFY thread posted up Saturday, Paxum announced that starting immediately it would cease working with any companies using virtual currency Bitcoin. The decision had been forced upon the global e-wallet and money transfer service by its banking partners, the company said."
“The main fears had to do with the fact that [Bitcoin is] a decentralized currency and as such there isn’t much control over it,” she said
obliviontrooper 2 weeks ago
@obliviontrooper
Source : hxxp://news.avn.com/articles/Paxum-Ends-Association-with-Bitcoin-Exchanges-464460.html
obliviontrooper 2 weeks ago
Comment removed
obliviontrooper 2 weeks ago
Houston business channel
autumnsapphireblue 2 weeks ago
Good one
tarunthaaaa 2 weeks ago
Probably the ugliest made video I have ever seen about this matter, yet it's more informative than most of them.
Lockheim 2 weeks ago
@Lockheim Search The American Dream by the Provocateur Network. I found it entertaining, the animation was amazing, and it was very informative.
atemsdestinee93 1 week ago
Rothschild, Rockefeller and British Royals must be sent to GITMO.
AustralianAllTheWay 2 weeks ago
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@AustralianAllTheWay Wrote: "Rothschild, Rockefeller and British Royals must be sent to GITMO."
You or me sooner before them. :)
Just "shud-up! -- and bend over!"
Check out the classic "The Broken Window Fallacy"
youtube DOT com
/watch?v=gG3AKoL0vEs&lc=dd7gB_oVcmDVlq-DJbSzn84n89mfTciYAtjvoVYC2mo&context=C3a0bc0aADOEgsToPDskKBqZS3l_VXPrnT14P4s4Qn
& C the comments... Some "most intelligent people" had A COURSE
on Macro economics & BELIEVED IT! :)
Broken windows R GOOD!
4zX289 1 week ago
Not exactly "fast-paced and highly entertaining" But definitely informative. I once read, tho I have never confirmed that the Buckminster Fuller Foundation did a study that concluded there is enough money in the world for every human to have a million dollars each. And that within three years the people who have all the money now, would have it again. I thought I understood that statement. I did not. I do now.
frogsoda 2 weeks ago
Sharpen the guillotine folks..... Soon it will be time for justice and the head of this bankers must be removed.
l33taekwon 2 weeks ago 26
@l33taekwon this guy is an idiot talk to an actual economics professor first the initial 1111 dollars the bank has 90% of it is loaned to someone (the rest is stored) then that money is spent and the reciever deposits 0.9*1111 into the bank and then the bank lends out 0.9^2*1111 and so on for a total of 10*1111 dollars loaned out it does not multiply right away talk to economics prof
StandardTrickyness 1 week ago
When was this video made? It seems quite old but obviously shows where the recent global financial crisis came from quite well
ajaggard 3 weeks ago
@ajaggard
2006 (i think)... Certainly some time before the financial terrorists started the current mess.
That the predictions on the system explained in the doc have become treu but none of the politicians or mainstream news sources have even mentioned this as part of the problem (let alone saying it is the problem) tells enough.
The masses won't see this information on a national tv broadcast.
Clausewitzz 2 weeks ago
I have come to the conclusion after a year of thinking about this that a money as debt system could work as long as humans were not involved.
thealternativecouk 3 weeks ago
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roffy89 2 weeks ago
wait...i dont get it...
so if i get a bank loan to get a car, i thought the bank had to pay some actual money instantly to toyota, which i would pay the bank back...so where is the loop?
coldbloodedfilth 3 weeks ago
@coldbloodedfilth that they create the money only by typing it into the system...then the bank writes a check and you give the check to toyota which gives the check to its bank..no actual money involved...the amounts only exist in on the check and in the banks balance..YOU are the only one giving actual money to the bank when you pay your monthly rate...Did you not watch the docu dude? Or did you only watch the fist 5 minutes ?
chris99103 3 weeks ago
Money is only this way because of the forces exerted-upon our governments by the Rothschild banksters. Before them, the world didn't have this huge debt-based economy, and when America was free of them in the 1800's, we didn't have a debt-based economy. :\
Sweyn78 3 weeks ago
document doesnt present all the facts.First,this system of fiat money is very good for new investments,since you dont have to wait for savings.Second,banks in this system do not accumulate all the property,since interest rate is calculated as a risk of no repayment (and potential collateral is risky as well).Third,money creation was under state control in communist bloc and went to collapse as well, because of wrong investments. Real problems are bailouts to unsuccesful banks, not fiat money.
1284jjjj 3 weeks ago
@1284jjjj you obvioulsy dont understand the fact that the system of neverending growth and fiat money has to collapse sooner or later...nvm..more clever people than you dont understand this simple fact either...but all you guys have something in common...a twisted common sense
chris99103 3 weeks ago
@chris99103 well,I don´t want to argue with you, but your statement does not offer any argument :-)
1284jjjj 3 weeks ago
@1284jjjj we dont have to argue bro, Keyne itself knew that his system would lead to collapse...when confronted with the fact that his Keynesianism economy is short sighted he answered "Well, in the long run we are all dead anyway"...He forgot to think about the long run in terms of generations though...study some austrian economics pal..maybe you see the light then or maybe not...nobody can force somebody else to understand
chris99103 3 weeks ago
@chris99103 the end of current crisis (and if Greece and potentially Spain and Portugal had not been accepted to the eurozone 10 years ago, the crisis would have been away now) will be hopefully proof for you that the austrian school of economics is wrong (was reading most of the stuff and it doesnt make sense, in my opinion just Hayek with his system of private money was original).
1284jjjj 3 weeks ago
@chris99103 If we were to implement a demurring currency backed by a mixed gold-silver standard (in the historical ratio of 1/15.5), as well as kick-out the Rothschilds, we would have a sustainable prosperity which has not existed before (except in Woergl and some other AUstrian/German Great Depression era towns (per demurrage) and 19th century America (per the metal-standards and freedom from Rothschilds)).
Sweyn78 3 weeks ago
Islamic finance is the only solution to a fair and equitable economic system with the death of Communism, Socialism.and Capitalism.
hussainfahmys 3 weeks ago
As it happens, the existence of central banks to bail out creditors has a real world counterproductive impact. Because the banks loans are guaranteed, they are incentivized to issue loans that otherwise wouldn't be profitable. This means that banks can create more money than the equivalent amount of value that is being produced and still profit. When the expanding money supply outstrips new value, the bubble bursts.
jasonw1415 3 weeks ago
There needs to be monetary and capital expansion to match real productive growth. What difference does it make who is producing the money? I would rather trust private industry (including bankers) to asses value than government. Insofar as they make mistakes and lend out more capital than the amount of value that is produced, the value of their money in a free market would decrease. This is called inflation. What is the problem with a system like that, and what would be a better alternative?
jasonw1415 3 weeks ago
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AVEYoungCeasar 3 weeks ago
I hope those in Pakatan Rakyat will see this video!!!! DSAI, what do you think??
wkmak100 3 weeks ago
Stay as much Debt -Free as possible.
wkmak100 3 weeks ago
The financial world is ONE BIG Ponzi scheme.
wkmak100 3 weeks ago
I have a question and I hope the answer is simple:We've been using fiat money for decades-it's just government money that can be exchanged for anything.So isn't money 'nothing?'if loans are just promisory notes and money is promisory notes and we're just creating more and more promisory notes, so what?as long as customer confidence exists the currency will not crash.i can only think of one reason to not make money free and that is demand will exceed supply no matter what.
piecharthosen 3 weeks ago
basically: if you told me that you are paying me money that can buy anything, i would be okay with that until ... when? why did the market crash? what confidence was lost? there's nothing money depends upon - not gold, not silver, not anything. Was it confidence in USA's ability to maintain steady economic growth?
piecharthosen 3 weeks ago
the more I think about this, the more fiat money seems like a ponzi scheme.
piecharthosen 3 weeks ago
@piecharthosen
If you wonder what really killed economic growth i would suggest a clip called: Who killed economic growth.
It's a short clip but tells allot, and when youve seen it you should checkout a documentary about peak oil (A crude awakening: the oil crash is a good one).
When you got that information and put it together with the financial system we got you might get an idea of what's at play.
Clausewitzz 3 weeks ago
Global Debt Crisis
The greatest private fraud of human history.
Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?
By knowing what happened in indebted Greece, where loan sharks created “bubbles” and the current inhuman debt, one can understand the inhuman plan in total ...understand where this plan started just to bring all states at the same end
Authored by PANAGIOTIS TRAIANOU
OlympiaOfGreece 3 weeks ago
22:52 No debt = No Money?
That sounds wrong.Perhaps it means no New Money.
Does it mean we only need to create money when there is something tangible to cover it?
If,I catch a fish and take it to the market to sell it,then would it mean the money for my newly introduced to the market fish has to be created to allow the sale to take place?
If then my fish is re-sold 10 times the money for the profit of each would also need to be created?
How to ensure there's just enough money in circulation?
gespilk 3 weeks ago
Money, guns, drugs, sex and rockstar lifestyle. Money is not the problem. People are. Guns are not the problem. People are. Drugs are not the problem. People are. Sex is not the problem. People are. Rock is not the problem. People are
TheNavyGuys 3 weeks ago
The solution has already been created. It's called Bitcoin.
The network has been growing for the last three years now.
It will take over the job by the end of this year.
Real is gonna change, just watch!
watch?v=SohEf5dF45g
watch?v=8LQp7Or1GNU
vasya128 3 weeks ago
This video should be shown in/on every school, college, employment training, website, tv channel, etc...
mattxr2i 4 weeks ago
Exactly why the banks had to be bailed out.
inthraledwithdub 4 weeks ago
One word: Bitcoin
Google it.
Thumbs up if enlightening, so more people know.
obliviontrooper 4 weeks ago 29
@obliviontrooper One word: Buttcoin.
Google it. (It's a site exposing the bitcoins as the trash they are.)
Thumbs up if so more people know.
HisEmptyHouse 3 weeks ago
@obliviontrooper bitcoin suffers from the same problem of hording that gold and silver did in the past, unfortunately it doesnt make a very good medium of exchange. Also there is a flaw in the protocol which allows attackers to be able to apply large amounts of mining power before a difficulty readjustment, then switch off their mining just after the readjustment causing transactions to take up to weeks to register in the blockchain. Still fascinating technology though.
xcvsdxvsx 2 weeks ago
@obliviontrooper been there done that... amazing watching its evolution over the last 2 years...
opaqueproductions235 1 week ago
@obliviontrooper mtgox(dot)com tradehill(dot)com
I believe in it I am no longer mining but am holding on to what I have for awhile longer..
opaqueproductions235 1 week ago
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obliviontrooper 4 weeks ago
Show me the money!
Hwystar1967 4 weeks ago
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This goes to show we have to much trust in the government and that giant corporations are behind the poverty because thay want poverty look this up on net flix its called (speaking freely vol1) And then look up (starving in Africa) Because thats where corporate greed hit the hardest and now here i am wanting to fix this problem while thay make all the money witch is worthless but yet at this point means life and death for some!!!
gary77777778888888 4 weeks ago
@regelemihai read bottom post. I messed up your name first time around.
X3RH0 4 weeks ago
@regelmihai FRB doesnt increase the physical money supply, its digital. Like GibsonLesPaul561 said less than 10% of world currency is tangible. Ive heard it is actually 3% but Ive yet to verify that. Anyhow thats what the 9:1 ratio was about, for every 1 actual dollar they can have 9 dollars on paper, or rather digitized. Hope that clarifies things.
X3RH0 4 weeks ago
The US always blames all their debt on nations that are not ran by White men. What the hell
babykevinxoxo 4 weeks ago
im only here cuz i have to watch this for my anthropology100 class. i honestly dont have 2 shits
TheHanafymm 4 weeks ago
fuck all u disliking assholes. you do not understand money the true meaning behind peace loyalty and the true history behind our banks u just have money or get them from ur parents am i right? you dont make money now ur parents does ur not the one stressed loaning and getting money so back off
UltimateGameHacking 4 weeks ago
So lets all RUN ON THE BANKS GOD DAMNIT! What are we all waiting for!!!!!
I want my GOLD now mutherfuckers!!!
theciskokidd 4 weeks ago
We the People are the debt. To our own societies. Im actually debt free for the first time in 34 years. But now Im unemployed as well. Gotta love the irony.
theciskokidd 4 weeks ago
All that is going to be worth ANYTHING - very quickly now -
is what each single one of us contributes to the community
they are part of....
miketutnix 1 month ago
This goes to show we have to much trust in the government and that giant corporations are behind the poverty because thay want poverty look this up on net flix its called (speaking freely vol1) And then look up (starving in Africa) Because thats where corporate greed hit the hardest and now here i am wanting to fix this problem while thay make all the money witch is worthless but yet at this point means life and death for some!!!
gary77777778888888 1 month ago
Didn't hebrews create the banking system? Wasn't it the only thing at which they excelled? Aren't Jews running most of the major global financial institutions? What lessons can we learn when we inevitably must rebuild a new society?
scientifico 1 month ago
@scientifico There is only one lesson to be learned: Interest is impossible to pay off since it doesnt exist in the real supply of money. Usury must be guarded against at all costs or this cycle will persist.
Cettywise 1 month ago
The US and its banking system are corrupt to the core
thisisyourwakeup 1 month ago 3
@thisisyourwakeup Hi. I disagree. People are corrupt. If people had the character to not truck in loans, then corrupt banking couldn't exist. But, you can't drive a truck load of money up to most people and have them say, "No." Some can, but most can't. So, we're stuck. This is as good as things are going to get until humans (or Dolphins) evolve a thicker neo-cortex. Thomas Jefferson said to never pay for things with money you don't yet have... but he was talking to himself and the wall.
ion010101 1 month ago
@ion010101 Thomas Jefferson was massively indebted himself...
joeviking61 4 weeks ago
@joeviking61 But there weren't yet credit cards... the sheer number of things we pay for using loans today wasn't a reality before 1920 (that's about the time loans for automobiles became available, I think), and even more so before 1945. After 1950, consumerism took off like crazy. I think 1940 was the last time anyone could by a house with cash they had saved up over the course of a 10 years, even less than that. Everyone I ever met from that generation owned their house when they bought it.
ion010101 4 weeks ago
OMG!!! this guy says that moneyz ar bad... Good thing we get SOPA to stop the freedom of speech! (btw. this post is ironic)
olgajakob 1 month ago
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harrytuttle1 1 month ago
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harrytuttle1 1 month ago
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When I say "banks cannot lend out more ..." I am referring to each individual bank in general. As I said below, it is the recycling of loans and deposits into different banks that causes the money supply to increase. But from the perspective of each bank, there has been no money creation.
BloggsFrederick 1 month ago
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BloggsFrederick 1 month ago
@orionstarman: Of course Governments control the money supply. That is my point. Quantitative easing is a necessary evil of printing money to prevent a deflationary spiral. What Grignon proposes is that ALL money is printed into existence by government. That is what Germany did to fund WW1 and it caused hyperinflation. Printing money should only be done in rare instances and should not be the basis for all money. FRB is a better way to increase the money supply and to facilitate loans.
BloggsFrederick 1 month ago
@BloggsFrederick With puss fucks of a brain like u,US deserves to be flushed down like a poo by this monetary system and dont mind whether u like it or not,pathetic get it or not US would go down,nd ur papa Israel wod never miss a single opportunity to fuck ya specially and ur wikipedia Reserve board,so be ready u butt headed chloride mindless junk ass(excuse me for my language,but ppl like u deserve to b treated like this) traitorified puss
abababac1 1 month ago
@orionstarman. Banks cannot lend out more money than they have on deposit. If they do then they must borrow the additional funds in the capital markets and pay interest on it. At any time the assets and liabilities of a bank must balance. The assets are the loans. The liabilities are the deposits and any borrowings the bank has made. I know more about banking than you do. Clearly. Read the wikipedia article on FRB if you do not believe me.
BloggsFrederick 1 month ago 2
@BloggsFrederick This is incorrect. The fractional reserve is the amount they must really have in deposits in order to be able to multiply up the "credit" which does not exist. In fact there are so many accounting tricks there is almost no reserve compared to the credit issued and therefore the bonuses that bankers award themselves.
GlobalSatori 1 month ago
@BloggsFrederick you're simply wrong on a lot of points. Since a bank considers a "loan" an assest they technically dont give you anything. If I give you 10 dollars, those 10 dollars are not in my pocket any more even though you still owe them to me. When a bank "loans" you 10 dollars, those 10 dollars are still an assest to them meaning nothing has been taken from the bank.The money supply has increased by those 10 dollars. And those 10 dollars are debt based.
MaxPowers7263 1 month ago
@MaxPowers7263
It's an accounting trick, no doubt, but I still don't get how Fractional Reserve Banking increases the money supply. Do they print up that money? Only the Fed has that right--commercial and investment banks don't.
regelemihai 4 weeks ago
@regelemihai Did you know less then 10% of US money is actually physical bills and coins? thats how.
GibsonLesPaul561 4 weeks ago
@GibsonLesPaul561
No, I get that part, but I just don't get how Fractional RB increases the phyiscal money supply just by doing accounting tricks. The fed prints up the money, not commercial banks. What am I missing?
regelemihai 4 weeks ago
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@GibsonLesPaul561
No, I get that part, but I just don't get how Fractional RB increases the phyiscal money supply just by doing accounting tricks. The fed prints up the money, not commercial banks. What am I missing?
regelemihai 4 weeks ago
@regelemihai Banks dont create paper money. They expand the money supply electronically. Most money exists electronically.
The accounting trick that banks use is that money that is deposited with them is promised to multiple people. When you go to the bank and deposit 10 dolllars......those 10 dollars exist in two places. The bank loans out that money and at the same time that money is still registered as being in your account.
MaxPowers7263 4 weeks ago
@MaxPowers7263
Exactly, that's what I'm talking about. But to say that since it remains on the banks balance sheet it therefore increases money supply is a bit of a strech. Electronically expanding the supply is just a promise. Without the physical money it means nothing. And yet the claim is that FRB increases the money supply.
regelemihai 4 weeks ago
no interest system is 100 % ISLAMIC SYSTEM which now world is understanding by it self hehehe learn hard way but that what they come and there is no other system will work cos money and use of money is same and creation of money is less and economy is slow as seen now but real and no one sleep hungry and all can live lives nicely
americanfantacy 1 month ago in playlist Favorite videos
Also, when there is a default of a loan, that money is gone from the system. The amount of money in the system falls. The idea of a money supply having to expand to meet the cost of interest payments is simply not true. Instead it is governments who actually create new money by printing it into existence in the process of quantitative easing. You see governments engineer a small amount of inflation into the economy. They even have inflation targets.
BloggsFrederick 1 month ago
In addition, the interest rate stuff is false. On average, interest rate payments cancel out. Why?
1) The bank gets interest rates from the borrower. These interest rates are credit risky and so the bank may not receive them as the loan may default.
2) The bank has to pay interest rate to the depositor. The bank has to pay this.
On average, the expected interest rate from the borrower (taking into account default risk) just exceeds the interest rate from the bank. Any excess is the bank's fee.
BloggsFrederick 1 month ago
There are a few aspects of this video which are wrong
i) Banks CANNOT LEND OUT MORE THAN THEY HAVE IN DEPOSITS. They are no creating money out of this air but lending money they have in their vault.
ii) It is the repeated borrowing and depositing in other banks which causes the money supply to increase. A bank which receives a deposit cannot distinguish between this money and "non-debt" money.
iii) Banks pay interest on deposits (maybe not much now but in 2007 I could get 5%).
BloggsFrederick 1 month ago
DBloggsFrederick Do you even know what Fractional Rreserve Baking is? Banks mostcertyainly do loan out more than they have on deposit!
orionstarman 1 month ago
Also, the solutions proposed by Grignon are just crazy. Do we really want a system where we have to carry around gold. Or one where we will never get a loan. Or one where politicians are the ones printing money into existence. The solutions to the current debt problems are simple
1) Do not borrow money you cannot pay back.
2) Do not lend to someone who you think will not be able to pay it back.
BloggsFrederick 1 month ago
The volume of cheap chinese imports was so high that prices were kept low and interest rates were never raised. This was not caused by Fractional reserve banking but by governments failing to control the money supply through the mechanisms they already have. Fractional reserve banking is a powerful force for good if used carefully by government. In 2002-2007 this was not the case. In fact the government probably was happy too engineer a "boom" off this borrowed money.
BloggsFrederick 1 month ago
@BloggsFrederick Governments did control the money supply. The have been increasing it at a rapid rate by design. What to you think QE is all about?
orionstarman 1 month ago
@orionstarman - I agree that the cause of much of the personal debt we have now was the low interest regime introduced by Greenspan post the dot com bubble bursting. Banks also got very slack about who they lent to. The US should have controlled this by raising bank reserve ratios and increasing interest rates. However the interest rate policy was driven by realised inflation, not by money growth.
BloggsFrederick 1 month ago
@BloggsFrederick Increasing the money supply is inflation. Rising prices are a system.
orionstarman 1 month ago
If you don't want a loan then don't borrow. Then you will not be a "slave". Doh!
BloggsFrederick 1 month ago
@BloggsFrederick I agree.
orionstarman 1 month ago
@jesterdxb - The film "It's a wonderful life" is not an explanation of the monetary system but it is a very famous film that most Americans over the age of 30 will have seen at some point. There is a moment in the film when there is a bank run and Jimmy Stewart explains that he cannot repay everyone the money from their deposit accounts as it has been used to finance the mortgages and business loans in the town. That is fractional reserve banking.
BloggsFrederick 1 month ago
sorry about the typos I just had to rant while I can still do so.
carlawon 1 month ago
We are being blind folded by the media, and ads commercials, t.v's keeping us busy while they do their work behind our backs. You can bet, a few years from now the government will step in and control the internet,along with corporations. Oh the humanity!
carlawon 1 month ago
The point is.. we are not taking about money. We are talking about devils,demons who have created this system and are preparing to have us slaves to the devil to worship him. This is why this system is coming crashing down because it was all a lie. now we are dependent it being removed y limiting informationand soon we will have NO RIGHTS we are going to be slaves ..The nwo is here, They are passing bills left and right to limit our rights. changing the constitution.
carlawon 1 month ago
PS As for Richard Stallman, I don't think he uses soap either.
BloggsFrederick 1 month ago
Anyone who has ever watched the movie "It's a wonderful life" will know that a bank does not hold all of the deposit money in its vaults but lends that money out to enable companies to buy machinery and hire people, to allow people to buy houses, buy a car and so on. In return, the depositor gets interest. This video is communism and anti-semitism with a nice canadian accent. Yes let's have the government spend all the money into existence. That's what Germany did in 1922 and Zimbabwe recently.
BloggsFrederick 1 month ago
@BloggsFrederick Would you please point out the parts that are anti-semitic I missed them.
orionstarman 1 month ago
@BloggsFrederick Did you really just try and explain the whole monetary system based on a hollywood movie you saw??? If so, then I think we all better start packing our bags and heading for the hills because I saw a movie a while back and the Decepticons are coming from Cybertron to enslave us all! Lol.
jesterdxb 1 month ago
There are many errors in this video. It is true that fractional reserve banking expands the money supply. But in this video the numbers are wrong by a factor of 10. The point is that borrowing does increase the amount of money and paying off of the loan decreases it. There is nothing evil in this. Credit is a good thing which must be handled wisely. Banks must be careful who they lend to. The current crisis was not caused by FRB but by banks lending to people who were not credit worthy.
BloggsFrederick 1 month ago
@BloggsFrederick They didn't care if they were credit worthy or not. In 05 and 06 60% to 80% of the housing loans made were subprime. They made money off the fees they charged and then by selling the loans to the next greater fool. They didn't cared if the loans got paid back or not. Also they did there share to continue the myth that housing prices would always go up so they could sell people HELOCs
orionstarman 1 month ago
@BloggsFrederick The reason why banks dont have everyone money on deposit is because they promise money that is on their books to multiple people so when everyone comes to collect their money, its not all their. Banks loaning that money that is on their books to multiple people is how the money supply is expanded. When I deposit money at a bank, the bank loans out that money but at the same time my money is still registered as being there. Meaning the money supply has increased
MaxPowers7263 1 month ago
@BloggsFrederick the government did not decide to go to with the QEs. The federal reserve bank did. They are not part of the government because no one in government can overrule a decision they make which means they are not part of the checks and balances system. The fact that you would say this video is anti semetic is very telling.
MaxPowers7263 1 month ago
So we get rid of banks so I will not be able to buy a house until I have saved for 30 or 40 years. And all that time my savings which were earning zero interest as the bank does not pay interest have been falling in real values as the government has been spending the money into existence. And the government will never be corrupt by giving interest rate free loans to its cronies and its supporters to buy votes. Wow that will be a wonderful system.
This video is a pile of communist claptrap.
BloggsFrederick 1 month ago
@BloggsFrederick Banks are paying almost 0 interest now and it was all that easy credit that helped drive up housing prices in the 2000's to start with. I don't agree with all this guy's solutions but does a good job of explaining the debt=money problem.
orionstarman 1 month ago
This is why i dont use money or banks or cellphones.. And i only use free and open source software on my computer.. i am richard stallman
killer414 1 month ago
why people don't daire to say that the jews are the money lenders with interests, even though that it is forbinden in jeudism, christianity and islam. they breake the rules to control Europe like when they helped creating war between England and France then the christian were forced to lend money from the jews even though that the pope have forbidden that.....
alqods80 1 month ago
ONLY Ron Paul understands the scam of the current banking system and WILL fight to abolish it. That is why ONLY Ron Paul will receive my vote for President, if he is a nominee or not. I will simply "write him in" if I have to.
drewbot78 1 month ago
Great documentary - thanks for the post. One thing, though...why do we need something called "money" in the first place? The basic needs of people is food, water, education, shelter and playtime (or something to do all day). Why does money need to be in the picture? With the sun, wind, tidal waves, geothermal providing us ample energy all we need to do is setup the inital conditions and soceity will take care of itself. But I guess our thinking is not that far outside the box yet...
jesterdxb 1 month ago
@jesterdxb Money is a tool. The barter system is too cumbersome. If I grow corn and want to buy a new car how can I do that if the dealer doesn't want my corn?
orionstarman 1 month ago
orionstarman I respect what you're saying, however I was not talking about a barter system but rather a system of abundance. You wouldn't need a car if there was an effective transportation system. If, however, you did need a car, you could borrow one from a "library" and return it when you're not using it. Or we could produce enough cars that everyone can have one. The point is you don't really need the money if there is better tech and smarter people in charge.
jesterdxb 1 month ago
PS - if you don't believe me when I say a money-less society CAN work, just check out a documentary by a man named John Pilger called "Stealing a Nation" which talks about the people of Chogos Islands who were living without money for many many years, until the British gov kicked them out of their homes and dumped them in Mauritius because they wanted the island as a military base.
jesterdxb 1 month ago 2
Fantastic video. Great info. I do have one criticism of the narrators monetary solution beginning 36:05 . If money is expanded through interest free gov spending, and contradicted by increased taxation, this would lead to declining overall efficiency.
Instead of decisions being made by individuals in the marketplace, the inefficiencies of bureaucracy would consume an ever increasing share of the GDP, just like the bankers do today.
The people must own the monetary system, not politicians.
TheBalancedAmerican 1 month ago
For more info: 1. Go to AbelDanger(dot)net / 2. Scroll down the right side panel (below all the images) until you see a "CITY OF LONDON" heading in black text / 3. Click the "Monetary Reform" blue button / 4. Have fun exploring some amazingly fresh info! (note: the site spells it ABEL – not Able)
ieattrollsforsupper 1 month ago
life is priceless
money aint good for life for all or anything
put love in charge
remember a cock is no use without the bollocks, at creating life.
Out of darkness........ cometh light.
i3ant0n 1 month ago
I'm shaking with anger right now after watching this documentary!
nycsane 1 month ago
@nycsane
I love it when people wake up :)
YiuTeub 1 month ago
Share the wealth, help me to fund one year of study. I'm asking 13000 people to donate just £1 - much less than a coffee, to help me in an opportunity that I've earned through hard work but cannot afford with all of my tax-paying family's savings put together. Twitter @lessthanacoffee, paypal littlegooddeed@gmail.com
Gooddeedday 1 month ago
Great post!!
Vinseneb 1 month ago
The content in this video is incredible. The explanations are very clear and powerful, one of the best I've ever seen on this topic. It'd be great to see this develop into a more contemporary-looking aesthetic to reach a younger audience. Many thanks for your work. It is so important.
monicamjohnson 1 month ago
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I Support the revolution against the monetary system put in place by big corporations which control governments Salute!
Follow me on Twitter @OfficialAmeen
AmeenAltabit 1 month ago
if you havent seen this or Bill Still's work watch it. if you have, watch it again for edification.
diogeneslaertius666 1 month ago
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
World revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif, February 8,1919
Welcome to JEW WORLD ORDER,they own FR,it's private
Bible,Revelation 2:9,,3:9 jews=Synagogue of satan
Read this book for free on internet WHO IS ESAU-EDOM
goldberg823 1 month ago
@goldberg823 don't say jew or their sleeper cells will come to your home and put a demon in you
TheHIETTz 1 month ago in playlist More videos from mysticdave666
This is why when people talk about the flaws of Ron Paul...Ending the Federal Reserve outweighs ANY other issue by a massive amount. Only Ron Paul wants to end the Fed
Galvathorax 1 month ago
39:05 Mitt Romney
trufbetold 1 month ago
How many people in US died of illness just because they have no money to cure?Why these people don't just go to wall street,and shoot them all?
hatechinagov 1 month ago
Great Material.
GALACTICGATE1111 1 month ago
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GALACTICGATE1111 1 month ago
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Bank of England and LLoyd's of London are the roots of all Evil. They own the Chinese, Indian and Russian banks as well as any other banks. We owe to them, not China and India,
They have mortgaged us for ever. We will keep paying interest over interest for generations to come. It is like refinancing over and over, you will always pay interest and never the principle. You throw away all the interest payments, each time you refinance (you are being robbed of years of interest payment).
I2012Oracle 1 month ago in playlist More videos from mysticdave666
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Audit the Federal Reserve HR 459 & S 202
and why Ron Paul is ostracized by the media...but we will vote him in without the media...we don't need no stinking media. We need a man with the integrity to actually run our country according to Constitution and the LAW!!! Restore America 2012 RON PAUL
1we7the8people6 1 month ago
Gold and silver are a free peoples money! Anything else will only lead to slavery
allinlen 1 month ago
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Full-length video at FullDocumentary [dot] com
clausmarisol 1 month ago
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Who REALLY runs our world? search "israel Did 911" and search "ZionCrimeFactory" for proof.
"US Rep. McKinney has accused the pro-Israel Lobby in America (AIPAC, ADL, etc) for ruining her political career.She refused to sign the pro-Israel pledge from Congress and took a pro-Palestinian stance. Because of this, she said “war was declared” on her by them. In 2009 she told TIU's Ognir that “more than 99% of Congress work for Zionist-Israeli interests.”
w(dot)zioncrimefactory com/jew-world-order
LordLindsey12 1 month ago
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we are anonymous, we are aware of the corruption in the world's governments and their apathy for the human lives because of money.
we are aware of the governments' attempt to cover on the news of the rebellions to keep us as slaves for the current system.
we are anonymous, we declare war on the corrupted system, join the plan to get your freedom and rights back. you are a human being, your life has value. we are legion, expect us!
watch the documentary at
thezeitgeistmovement. com
daryps03 1 month ago
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daryps03 1 month ago
He He!
zxemax 1 month ago
I'm really seeing the benefits of bitcoin right now though that market could definitely be cornered.
fireant202 1 month ago
So this really motivates me to join a credit union. However I'm having trouble finding one I can join. What really worries me is that most I find are associated with Churhces so if the banking system crumbles, where does an atheist guy, born Jewish, go?
fireant202 1 month ago
@fireant202 Where are you from? In Southwest Ohio, where I am located, there are credit unions everywhere and none that I can think of are associated with a religion. Interesting.
erinmhughes 1 month ago
@erinmhughes I used the CU search tool that comes up as the first google result for "Join a credit union" to look in my local Brooklyn area. There are a few for hospital, military and other public service employees but nothing a web designer/developer like me could join.
fireant202 1 month ago
Ron Paul............ YOU MUST VOTE IN THE PRIMARY TO GET HIM ELECTED.......
mamabritts 2 months ago 27
@mamabritts no point cuz he will die the next day.....
TheCameoafro 1 month ago
@mamabritts
Keep fucking that chicken.
opennewscast 1 month ago
@mamabritts OMG if ron paul restores america to what its supposed to be .... i will bring jesus back
TheHIETTz 1 month ago in playlist More videos from mysticdave666
This film is precisely the reason why they wanna shut down the Internet.
gerwazjana 2 months ago 29
@gerwazjana yes.. it is over!!! and they will they are putting book online and out of free hands why dont people get it?? WHEN WHEN THEY HAVE ALL ALL MONEY DIGITAL ALL INFORMATION DIGITAL.. THEY OWN YOU ! WE ARE IN A WORLD OF TROUBLE
carlawon 1 month ago