Money As Debt 3: what money is & why we are bankers' slaves

[PositiveMoneyUK]

A biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.

[Serrokot]

Money has no standard of cost. Shares have no cost standard in money.

How it is possible to measure company cost if there is no standard of cost of labor?

It is necessary to measure money in joules or calories.

[ajhumour]

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Making money - Consensus

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peace

[OgeronimonominoregO]

@Oliprof Printing more paper notes or creating more electronic digits does not increase wealth. Period. If it did, then all of us would sit around printing up bills with lots of zeroes on them and then lounge at the pool all day. You are deceived into thinking that "new money" creates wealth when you see the things people build with the wealth that's STOLEN from current note holders by the flood of new notes. Yes, if you steal from everyone, you will have a lot of wealth to display.

[NWAsMostWanted]

Please everyone, spread the news of how much our dollar is really worth and how the banking system works. Go on other youtube videos and spread the news by getting people to watch these videos. We all must be informed of this fraud!!!

[TTTopGun]

The government also pumps money into the system with schemes and social security offsetting your scenario.

[pissysteve]

watch?v=vitSBqhWjfc

[Piscivorus]

Only we can help ourselves out of the credit crisis. Everyone must immediately stop using credit! No more credit cards, no more auto loans, no more mortgages, no more capital financing, no more investor leveraging etc. Credit is pure fraud born of pure greed and will destroy us if we keep using it to cheat the economy. We have to quit on our own because it's obvious that our elected leaders want to keep us hooked for generations to come.

[unsystematic7]

How can we buy a house without a mortgage? Its a trap thats hard to get out of. The best thing we can do is have a monetary reform. The only way this will happen is when all the people realise that they are being screwed over. Its our responsibility to tell people that are unaware of this or recommend them to watch this. The ball will roll when the majority educate their selves of this system

[Piscivorus]

You right, credit is a trap. We need to rediscover the sexiness of saving money again. A bank full of cash is way sexier than a wallet full of plastic, despite how stupid bank commercials try to reverse our perception.

[frenchbuddha2008]

This shows so clearly why the whole system is falling apart now. Your house is not worth the money you borrowed on it. You refuse to pay back the bank. then the bank cannot use your signature to keep creating debt and loans. There is a credit crunch. The bank collapses, or defaults. The government intervenes with money that no one signed for other than the tax payer. Now THAT is scary....

[OgeronimonominoregO]

It really makes you think about the social impact of this system. We are doing things which would be insane in a free market system. We ship produce and other things thousands of miles (or across the world)away, wasting energy just because of fiat notes. A market economy would demand that most food be grown and products be made locally. The fake money creates a cycle of absurd wastes of energy and resources because there is no limit to credit.

[cleareyes1984]

That's a great insight.

[georgemargaris]

@OgeronimonominoregO very good point.

[gerryn]

Great set of videos ! The Midland Bank never was part of The Bank of England itself:

Midland Bank was one of the Big Four banking groups in the United Kingdom. It is now part of HSBC. In 1934 The Midland bank was the largest deposit bamk in the world.

HSBC=Hong Kong & Shanghi Banking Corporation