BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
Most people have no clue how money comes about - maybe it comes out my ass.It's Fiat Money it doesn't exist they just punch numbers into computers - and Interest is money out of thin air it just doesn't exist.
@mascar33 YOURE A JERK LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
@Winnetka4 YOURE A JERK LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
Folk, we are supposed to be using Bills of Exchange - Consumer Bills, to buy goods and services for private use. It's in the Bills of Exchange Act of Canada. Part V, s.188. All the "money" you earn from labour is for use in commerce, or for buying land. Consumer Bills are security for the Bank of Canada to issue new funds. Ask a bank or politician about a Consumer Bill. None can or will dispute this.
@IvanAndreevich YOURE A JERK LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
Can't fucking believe that guy was PRIME SINISTER. The central bank of canada, Bank Of Canada, stopped issuing money free of debt in the 50s or 60s. None are more hopelessly enslaved than those who falsely believe they are free.
While the Banks ‘create’ 90% of Canadian money this is only because of the money multiplier effect. The money multiplier effect is the multiplication of money that occurs because of our fractional reserve system. Because a portion of every deposit in a bank is lent out, the economy generates more money than is provided initially available.
@Bhc12 . For example, if I deposit 100 dollars at a bank and that bank lends out 80 dollars, there is now 180 dollars in the economy. But it doesn’t stop there, because of that 80 dollars, 60 dollars of it will eventually end up in a bank, and the cycle continues.
However, at the end of the day it is the Bank of Canada that controls how much money is in circulation through its control of the overnight lending rate to commercial banks, which induces commercial banks to lend more or less of their money.
A little bit confused about where the banks get money from. Money comes from debt. We no longer operate on the system where money represents actual precious metals (such as gold, etc).. I strongly suggest watching Money As Debt.
Simple answer: You're money comes from an estimation of your future productivity and the interest is a measure of risk that the estimation was incorrect.
If everyone chose to redeem their money at once, the bank would become insolvent and you as a creditor could seize the assets (the debt that was lent out). You can then follow this chain of creditor and borrower until you come to a hard physical asset or nothing at all. If it is physical you take it. If it is nothing, you lost money.
An excellent documentary film filled with accurate tell it like it is information. For an excellent book on the completely fraudulent money system, google THE CREATURE FROM JECKYL ISLAND by G. Edward Griffin.
I commend you Mr. Mathews for your integrity and your courage in confronting the lying cheating stealing sell out Mr. Martin. On the surface he looks like a complete idiot with respect to the money system but do not be fooled, he knows exactly what is going on and is a gate keeper.
@ChineseAwsomeness You had a bill that was to be voted on to give the possibility of much faster access to healthcare to those who were willing to pay for it.. The Canadian citizens voted it down because they thought that that would be unfair if someone was willing and able to pay for it to get faster access.. Now all I can say is you are the STUPIDEST people on planet earth...You WANT serfdom.. And if there ever were a need to fight in your country against gov tyranny? You would lose.
are we really in danger of the g20 putting sanctions against us when india, china and russia are fighting to invest and secure contracts in the canadian economy.
dont watch this and than lose the focus of it. canada owes billions to private banks yet we thru the bank of canada could pay off our national debt to private banks and switch to a national economy and a regular interest rate for our national debt instead of a compounded onterest of 160 million a day. we have 30 million consumers here, abundant resources, foreign investment interest. would our logging, mining, oil, fishing, industries be left without?
Hey Canadians.. This is coming from an American.. The problem is the same here.. You have a private company that controls your country through schemes. That is the ability to inflate and deflate your economy at will. What you need to do is ditch that.. And all of your social programs and leave it in the win win hands of the free market.. Your healthcare, education, and for the love of god your shitty air travel which the rest of us deal with will be much cheaper and of higher quality..
You can't show a series of short clips out of context, with the intent of making people look bad, showing one sided arguments and fragments of conversations, and then complain about a lack of transparency
4:22 "The system would be unsustainable" "We would need to restructure" The movie's over, go watch Zeitgeist; Moving Forward and let's start restructuring already.
I loved how it genuinely made Paul Martin out to be just as fucking dumb as his buddy George W. Bush. And both are lying, corporate profit driven sons of bitches who are going to lead society into another economical collapse.
Paul Martin is a FRAUD!!! Asshole screwed Canada with secret backdoor deals while stuffing his own pockets. Lying babbling traitor can't even answer a simple question truthfully!!
@YukiNekoPrincess ...yes, and we can stop gassing up at Shell and Petro-Canada, we can stop going to Wal-Mart... we can find out about Nikola Tesla and John Searl, and stop paying our electricity bills, too, 'cause that's a big part in keeping us as economic slaves.
@YukiNekoPrincess ....arrested for "what", exactly? Dealing with truth??
Understand this reality = if everyone had one of Searl's S.E.G. motors in their homes, no one would be paying for electricity. (Now stop a moment, read that sentence again, and let it sink in...) This means, those "at the top" of the big corporations and governments ALREADY KNOW THIS... therefore, THEY should be arrested and heavily sued. You need to understand the illusion they're perpetrating, and soon!
@TheRealDerfMan I understand. I was just speaking about, practically, like, I don't think you would like to be arrested for not paying electricity bills. Other than that, I fully support your idea of not supporting the economy. Good luck trying to get everyone a Searl's S.E.G. motor in their home, so everyone can collectively stop paying the bill as an act of protest.
@YukiNekoPrincess ...I don't want to be arrested for anything that doesn't cause harm to a fellow man. I smoke weed, and that's never hurt anyone, ya know... Btw, though I appreciate the gesture, you wishing me luck on "trying to yadi-yada" is kinda silly. You should wish me luck just trying to get other Canadians to watch this brilliant documentary. Once the masses understand how badly the financial system has screwed them, then we can ALL look forward to all having SEG motors (or better)...!
@TheRealDerfMan I don't think you understood my point... My point wasn't that you should be arrested for those things, but that as things are right now, you will be. That sucks, but what can you do about it?! Also, I don't think watching this movie will automatically make everything better for anyone (even though, like you, I really wish it would). :(
The bell at the end prompted me to listen to For Whom The Bell Tolls by Metallica.....and when its all coming down ill be rocking loud. but in all seriousness...that babbling old fool cant even get a word out without saying something he shouldn't it seems.
prior to money, badee badee badee.....prior to money...badee badee badee.... just say i dont know idiot!!! Paul Martin, the biggest fool ever to lead this country !
that's not quite right b/c it's not 'nowhere' they get it from, it's produced by yr signature which activates the release of YOUR future earnings that they release to you at interest - it's not a legally binding contract either b/c that requires two parties to sign it but the bank don't sign it so they're in breach of contract so draw yr own conclusions
Economics understanding FAIL. If the government simply printed all the money, we would fall into hyperinflation. Also, what is the problem with banks charging interest? You can't expect them to just give money to people for free. Oh, and banks do have all the money that they lend out, FYI. Stupid conspiracy theorists.
The economic system was made to collapse. Socialism is coming. The micro-chip is coming. The anti-christ is coming... The new world order is coming. Freemasons, Jesuits, Satanists.... The plan is to kill 90 % of the earth population and get the rest into a ''new age''. Don't be fooled by them. They will cause chaos to bring the solution. Order out of chaos. Don't take the micro-chip no matter what... Its the mark of the beast. Jesus Christ is the savior.
@TDWPOwns12 Jesus Christ is not a religion :) It is the truth. Atheism or new age Luciferianism will not help you in any way in your salvation. Stalin has killed 60 millions in the name of atheism. I am in Christ. Religions was made to worship Saturn aka Satan. They are the tools Satan is using to get you away from the true gospel of Jesus Christ. Especially the Babylonian Roman Catholic Church. Go do your homework and study the subject ;) Gob bless you.
@TDWPOwns12 What you believe dosen't matter. God's decret is eternal. The choice is yours to conform to it or not. Jesus died for your sins on the cross. Satan will try to convince you that you're a god. He will use every tool and technology he can to do this. Pure deception.
Matthew 24:24 ''For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect.''
Then what you believe doesn't matter, and I doubt Satan would convince me of such a thing, see i respect your belief but imo there is so much shit going on in the world, religion is more of a distraction then a belief and the people fucking it up don't seem to care that Jesus died for ours sins, believing in him won't get me anywhere
@TDWPOwns12 You will see really soon that what you believe dosen't matter. You will have 2 choice. Accepting the NWO and the new age religion or die. I will refuse the new age and I'm ready to die and be tortured for my Lord Jesus Christ
Mat 7
13Enter ye in at the strait gate: for wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat;
14Because strait is the gate, and narrow is the way, which leadeth unto life, and few there be that find it.
Not fraud because everyone understands it??? Nobody understands how the banking system works. They are all schmucks!! If people knew they'd string the bastards up!!
Not fraud because everyone understands it??? Nobody understands how the banking system works. They are all schmucks!! If people knew they'd string the bastards up!!
and this is why i never voted for Paul Marten, then again i think the connies are pretty useless too, i vote for the NDP, because i know for a fact they will never win, so why not vote for something you're actually sure of?
There are central Monetary Systems put in place to make sure if everyone goes back to get thier money and they bring outside Money to pay the Investors
even gangster Paul Martin can't answer the question directly haha
well, huh, duh, I'm not sure...iiishshhh, prior to money, essentially, huh...huh............. hhuuuuuuuuhhhhhhhhhhh...
He knows HIS OWN money came from hard working canadians he robbed through Liberal Sponsorship Program , but HE CANT SAY THAT ON CAMERA, 'CAUSE NOT ONLY IT'D BE A WRONG ANSWER TO THE ORIGINAL Q, HE'D ALSO BE SUED!!! WHAT A P00P!
man this movie is pure gold, the humor, the simple cut and dry explanations and best of all THE TRUTH. Go to the Oh Canada website and consider donating 15 dollars or so, they deserve it.
what you are trying to say is ok in the movie, nevertheless less you don not understand what is the process. it involves much more things that what you are suspecting. watch?v=Y14CHYN-9yk watch?v=l7zBYIsU6xo in 2 parts some guys know. i do to because i was one of the dead stupidass running trades to help it years ago.
This video is just b.s. designed to manipulate uneducated people. The author clearly has no grasp on modern economics. Try owning a house without a mortgage, try keeping all the money you will ever make in your sock drawer. Concepts of reserve ratio and money supply, roles of central and private banks are taught in a high school economics class. Take one.
@IncredibleManx Wrong on all counts. Sock drawers and mortgages have nothing at all to do with the issue of how money is created, and by whom. Get a clue before you call others "uneducated".
The truth is coming out at last! Money is created when some party signs a promissory note to a member bank of the banking cartel. The bank then credits a checking account with the nominal value of the "loan" and charges the borrower interest. As payments are made on the loan, a certain portion of the payment is extinguished, thus reducing the money supply, and the remaining portion, the interest,is re-injected into the economy. Google Hugo Salinas Price International Gold Standard.
@AnonymousTruther Paul Martin and the Bank of Canada is why our financial system didn't come crashing to it's knees. People like you is the problem with the Occupy movement, no understanding of economics and finance and thus come up with borderline retarded ideas. I want the Occupy movement to succeed in getting financial reform to be pushed through, but this nonsense accomplishes nothing.
holy crud! there's 2 ways to generate money through equity or through debt. debt is issued for a country the same way any OTHER corporation issues debt. bonds. the bonds used are usually given fancy names like "Treasury Notes". equity generated money requires backing, like silver or gold. so you must first get a precious commodity to convert to money and put it in a safe place like Fort Knox and that back your ability to buy stuff with your money, it's like collateral.
The egyptian empire used chains, whips and the theology that 13 year old boys who fucked their mother and sister were actually 'Gods' in human flesh to make sure their slaves worked their asses off for the elites...Todays empires use private banks, well played, but your time is running out and the slaves are sick of your shit.
We don't need money, we don't need banks, we don't need to be slaves to labor anymore. The planet has resources and we have technology to free us from servitude. Only the rich support the current system, or the wanna be rich. If you have a God, he will surely condemn us all for the 34,00 children s death per day caused by capitalism , competition, survival of the fittest mentality, as well as socialized greed and amorality.
Paul Martin is a Bilderberg attendee. I even heard he owns a shipping company that doesn't pay Canadian taxes but he was the Prime Minister of Canada!
Wow, if we didn't borrow money then the business cycle would have been even worse. This is stupid. Take some Economics courses. We want banks to succeed and Canada has an amazing banking system. Money multiplier, ugh, why would we have all the money in cash? There are so many acts that kept banks accountable in Canada. The Bank of Canada owes 100 000 dollars per person per bank.
@emmyriddle Why should we have to borrow money we create for our own country? Because if we don't our Roman owners cause all sorts of problems until we fall back in line. We only rent this land.
lying, like a hand in the cookie jar. He is knowingly covering up fraudulent banker activities. And yet we bend over and take it like its right and few notice the truth
area163 says= i did this in 80's. ---money= medium of exchange, wealth sink, implied production economics - exploitive, resources, demand, supply (eco's) produce, trade, monitize
To the dumb fuck grilling me about working at a bank and that its the banks fucking everything up... I am not about to down play the role banks played in the economic collapse HOWEVER, 1st off I work at a Canadian Bank... the Bank Act of Canada prevents the irresponsible lending practices of your country asshole. 2nd... remember all your dribble when you need 300k to buy a fucken house you idiot.. hopefully your mothers hookin pays well... its called a symbiotic relationship fucker!
I hope this is just a parody of a conspiracy theory... if not, you really need to do more research. The other commenters have pointed out some major flaws, more exist.
Also, way to interview some non-economics students at UoIT about economics.
Should the Canadians be hosting the olympics if they can't provide safe facilities as seen with the death of the Georgian luger? Canada is like a third-world nation. Have you driven on their roads?
100% of all money is produced by the BofC a gov't nstitution. Google it
You're confusing money with capital. Capital is the good and services that exist in our country
Capital that banks invest in with money we give them in the form of saving accounts
Where do you think that little extra money they put in your bank account every year comes from? They invest it into the economy for us and in we get a return on the investment in the form of interest and the investment is guaranteed by the BofC
if they give me cents, and i mean cents on my thousands of dollars, imagine what they are really making with what you call "invest into the economy for us" . why the hell do you think they have us in THEIR best interests...
The reason you only get a few cents on dollar has to do with the amount of risk the investment carries.
Savings accounts are guaranteed so there IS no risk
If you want a higher return, that's fine, go to Wall-street, but then you have to accept that you could lose money.
The higher return provides an incentive for people to invest in the economy. After all would you leave a GUARANTEED savings account for an investment of equal return that is NOT guaranteed?
This is basic free-market economics. Money makes money.
This mini-documentary neglects to mention that private banks hold other assets, the total value of which is at least 10% (in Canada) the total amount of money they have loaned out.
Wrong, this isn't free market economics. If it were, you and I would be able to create a competing currency. If we tried that today we would be thrown in jail. The government and banks are in bed together. Paul Martin knows this, and is why he struggles to answer the question.
Canada is FAR from free market economics, unfortunately. The government still monopolizes certain industries that can operate at a loss, at the expense of taxpayers, and don't even get me started about interest rates.
@Unkn0wnGuy Not just that but the documentary fails to mention the gold and silver standards that were used to back paper currencies a long time ago. No mention of gold and silver
Holy poop!!! this is amazing stuff. Charging intrest on money they never had. And compounding it... WTF !!! What hell is wrong with our stupid country to allow that to happen. I really need to get a safe, not that I have alot but why would I allow the bank to hold what I have and only make peanuts on intrest which is taxable.
No doubt, more Canadians need to understand this. Watch the video on youtube called "Money As Debt" and you will be amazed at how this all works. It's very easy to understand and it will open your eyes.
They didn't have the money on hand is what they meant. Banks discourage people from taking large sums of money out in cash because, fundamentally. It's dumb. Why carry that much cash? In a lot of cases, banks worry that indviduals, particularly seniors who take large sums of cash out are the target of a fraud. Also, all banks discourage people from putting cash in SDBs. There r many easier ways to move money around than taking cash.
For all those who enjoyed this movie I recommend watching The Obama Deception and Zeitgeist! There are also many independent youtube channels devoted to the topics in the video; they could use your support. Rate and comment:-)
@KrazilyKatelyn I watch the Obama Deception and thats just overkill scare tactic + empty facts to scare us into performing republican decisions (like voting no on uni health care) this docu just shows how it bank works and turns out to be a huge problem with it. But it;s not telling me that the universal health care will prevent people health services, when that's already the case in the USA, because there private health companies run like private banks... but Obama Deception is a TRAP Docu
They told me there was not enough cash in the vault and could not give me 20K. WTF. The whole system is fucked. Go get some physical gold and silver and never sell it. Hold it for ever and only trade it for other hard assets. Once you buy it never trade it for paper money...aka funny money, fire starter, but wipe.
Get this. I saved up money for 4 years to build a house. I go to the bank and say I want to build a house and already have the chunck of land. I have approx 40% in land and cash to go towards the house. the bank says you can have up to 243K for the build. I say okay. They advance me money as I build and advanced 100K at one time. Here's the kicker. I phone up there a month ago and want to take 20K cash out of my savings to buy physical silver and I was only allowed to take out 7K in cash.
Savings are not demand deposit accounts. Canadian banks can ask for notice of withdrawal. In any case they are a lot easier methods to purchase silver without actually withdrawing cash from your a/c. EG set up a brokerage acct & purchase the silver thru a brokerage acct. Tf the money to ur PCA & pay with cheque.
Purchase a draft. Thrs more, but I'm sure u get my drift.
ECONOMY I DO NO UNDERSTAND PLEASE HELP ME......How do banks lend out money that they just don't have?? If banks have trillions lent out ---what did they give to these people?? I assume it was money in the form of cash or a cheque that could be cashed. Who authorized the mint to print it?
banks only have less than 10% of cash money, the rest is all on paper, there's no real money to back it up. its been like this for quiet a while probably about 100 years now... u dont need to print more banknotes because billions of dollars are never cashed they're just transfered from account to account. you mentioned a cheque, a cheque isnt actual money its just piece of paper that says how much money is gonna be transferred to your account, then u pay some1 else with a cheque...
@lardevlin Hey I was tossed out of a BC Court room for being loud when a doctor testifying said I was a Delusion and the Judge believed it and just to make sure made me a Bail restriction?
But people think it legal for the courts to lock up and Drug Canadians who have delusions with me in them?
Thanks to PET and Mr C I dig the Magic Money Tree, but all my shaking has never made any fall!!!
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BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
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BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
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BANKING SYSTEM AND HARPER=BULLSHIT (he allow the banks screwing people and the country) LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
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Melvin0082 1 month ago
Most people have no clue how money comes about - maybe it comes out my ass.It's Fiat Money it doesn't exist they just punch numbers into computers - and Interest is money out of thin air it just doesn't exist.
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@SUNNYRHOADES9 Canadian Documentary.
Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
99.9 % of Canadians are in a deep trance and have no clue. When the shock comes, and it will be soon, our country will self destruct.
mascar33 2 months ago
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@mascar33 Canadian Documentary.
Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
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@mascar33 YOURE A JERK LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
Melvin0082 1 month ago
Please just stop with the conspiracy theories
Winnetka4 3 months ago
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@Winnetka4 YOURE A JERK LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
Melvin0082 1 month ago
Folk, we are supposed to be using Bills of Exchange - Consumer Bills, to buy goods and services for private use. It's in the Bills of Exchange Act of Canada. Part V, s.188. All the "money" you earn from labour is for use in commerce, or for buying land. Consumer Bills are security for the Bank of Canada to issue new funds. Ask a bank or politician about a Consumer Bill. None can or will dispute this.
solarcircuit 4 months ago
This is a gross oversimplification, but funnily enough it's not too far from the truth, as I understand it. Fractional reserve banking is hilarious.
IvanAndreevich 4 months ago
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@IvanAndreevich Canadian Documentary.
Real footage of real banks causing real problems.
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streetseli 1 month ago
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@IvanAndreevich YOURE A JERK LIKE ALL THIS BANKERS THAT still MAKING HUNDRED of BILLIONS OF PROFITS WHEN THERES an ECONOMIC CRISIS' that THEY have CREATED, and yes you can blame HARPER because he'sthe one allowing THE BANKS and the CREDIT COMPANY charging BILLIONS OF INTEREST ON MONEY THAT THEY DIDNT HAVE
Melvin0082 1 month ago
Occupy Everywhere
IceBlue321 4 months ago
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Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
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streetseli 1 month ago
Can't fucking believe that guy was PRIME SINISTER. The central bank of canada, Bank Of Canada, stopped issuing money free of debt in the 50s or 60s. None are more hopelessly enslaved than those who falsely believe they are free.
BarelyScientist 4 months ago
The RBC logo at 3:00 is awesome. Funny thing is, it's illegal to run a casino the same way the banks run. WTF?
Canon60d 4 months ago
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streetseli 1 month ago
46k viewers only? It should be 30mil. Please forward this vid.
jazu40 4 months ago in playlist More videos from OhNoCanada
While the Banks ‘create’ 90% of Canadian money this is only because of the money multiplier effect. The money multiplier effect is the multiplication of money that occurs because of our fractional reserve system. Because a portion of every deposit in a bank is lent out, the economy generates more money than is provided initially available.
Bhc12 4 months ago
@Bhc12 . For example, if I deposit 100 dollars at a bank and that bank lends out 80 dollars, there is now 180 dollars in the economy. But it doesn’t stop there, because of that 80 dollars, 60 dollars of it will eventually end up in a bank, and the cycle continues.
Bhc12 4 months ago
However, at the end of the day it is the Bank of Canada that controls how much money is in circulation through its control of the overnight lending rate to commercial banks, which induces commercial banks to lend more or less of their money.
Bhc12 4 months ago
Money come from debt and greed
jazu40 4 months ago
A little bit confused about where the banks get money from. Money comes from debt. We no longer operate on the system where money represents actual precious metals (such as gold, etc).. I strongly suggest watching Money As Debt.
ktlizbet 4 months ago
Simple answer: You're money comes from an estimation of your future productivity and the interest is a measure of risk that the estimation was incorrect.
If everyone chose to redeem their money at once, the bank would become insolvent and you as a creditor could seize the assets (the debt that was lent out). You can then follow this chain of creditor and borrower until you come to a hard physical asset or nothing at all. If it is physical you take it. If it is nothing, you lost money.
xplodngKeys 4 months ago
Maudit Paul! Arrete de radotter et dis a eu
De watcher 'the money masters!'
noodlesmealey 5 months ago
does anyone else wanna spread santorum in paul martin's face?
TheMercDeadpool1 5 months ago
An excellent documentary film filled with accurate tell it like it is information. For an excellent book on the completely fraudulent money system, google THE CREATURE FROM JECKYL ISLAND by G. Edward Griffin.
I commend you Mr. Mathews for your integrity and your courage in confronting the lying cheating stealing sell out Mr. Martin. On the surface he looks like a complete idiot with respect to the money system but do not be fooled, he knows exactly what is going on and is a gate keeper.
josephsisson 5 months ago
@ChineseAwsomeness You had a bill that was to be voted on to give the possibility of much faster access to healthcare to those who were willing to pay for it.. The Canadian citizens voted it down because they thought that that would be unfair if someone was willing and able to pay for it to get faster access.. Now all I can say is you are the STUPIDEST people on planet earth...You WANT serfdom.. And if there ever were a need to fight in your country against gov tyranny? You would lose.
SuperGuitarman69 5 months ago
are we really in danger of the g20 putting sanctions against us when india, china and russia are fighting to invest and secure contracts in the canadian economy.
dutchdettweiler 6 months ago
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Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
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streetseli 1 month ago
dont watch this and than lose the focus of it. canada owes billions to private banks yet we thru the bank of canada could pay off our national debt to private banks and switch to a national economy and a regular interest rate for our national debt instead of a compounded onterest of 160 million a day. we have 30 million consumers here, abundant resources, foreign investment interest. would our logging, mining, oil, fishing, industries be left without?
dutchdettweiler 6 months ago
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streetseli 1 month ago
Hey Canadians.. This is coming from an American.. The problem is the same here.. You have a private company that controls your country through schemes. That is the ability to inflate and deflate your economy at will. What you need to do is ditch that.. And all of your social programs and leave it in the win win hands of the free market.. Your healthcare, education, and for the love of god your shitty air travel which the rest of us deal with will be much cheaper and of higher quality..
SuperGuitarman69 6 months ago
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streetseli 1 month ago
You can't show a series of short clips out of context, with the intent of making people look bad, showing one sided arguments and fragments of conversations, and then complain about a lack of transparency
RaymondSequenza 7 months ago 2
@RaymondSequenza Completely agreed.
CJDiggs 4 months ago
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streetseli 1 month ago
4:22 "The system would be unsustainable" "We would need to restructure" The movie's over, go watch Zeitgeist; Moving Forward and let's start restructuring already.
jackdtroughton 8 months ago
I loved how it genuinely made Paul Martin out to be just as fucking dumb as his buddy George W. Bush. And both are lying, corporate profit driven sons of bitches who are going to lead society into another economical collapse.
Adambobro 8 months ago
Paul Martin is a FRAUD!!! Asshole screwed Canada with secret backdoor deals while stuffing his own pockets. Lying babbling traitor can't even answer a simple question truthfully!!
luvmyctd 10 months ago 2
we're all laughing in jail
seigneurvoland666 10 months ago
But what will we do about it? We can't just stop going to banks, can we?
YukiNekoPrincess 11 months ago
@YukiNekoPrincess ...yes, and we can stop gassing up at Shell and Petro-Canada, we can stop going to Wal-Mart... we can find out about Nikola Tesla and John Searl, and stop paying our electricity bills, too, 'cause that's a big part in keeping us as economic slaves.
TheRealDerfMan 11 months ago
@TheRealDerfMan But you'd get arrested or heavily sued for that, wouldn't you?
YukiNekoPrincess 11 months ago
@YukiNekoPrincess ....arrested for "what", exactly? Dealing with truth??
Understand this reality = if everyone had one of Searl's S.E.G. motors in their homes, no one would be paying for electricity. (Now stop a moment, read that sentence again, and let it sink in...) This means, those "at the top" of the big corporations and governments ALREADY KNOW THIS... therefore, THEY should be arrested and heavily sued. You need to understand the illusion they're perpetrating, and soon!
TheRealDerfMan 11 months ago
@TheRealDerfMan I understand. I was just speaking about, practically, like, I don't think you would like to be arrested for not paying electricity bills. Other than that, I fully support your idea of not supporting the economy. Good luck trying to get everyone a Searl's S.E.G. motor in their home, so everyone can collectively stop paying the bill as an act of protest.
YukiNekoPrincess 10 months ago
@YukiNekoPrincess ...I don't want to be arrested for anything that doesn't cause harm to a fellow man. I smoke weed, and that's never hurt anyone, ya know... Btw, though I appreciate the gesture, you wishing me luck on "trying to yadi-yada" is kinda silly. You should wish me luck just trying to get other Canadians to watch this brilliant documentary. Once the masses understand how badly the financial system has screwed them, then we can ALL look forward to all having SEG motors (or better)...!
TheRealDerfMan 10 months ago
@TheRealDerfMan I don't think you understood my point... My point wasn't that you should be arrested for those things, but that as things are right now, you will be. That sucks, but what can you do about it?! Also, I don't think watching this movie will automatically make everything better for anyone (even though, like you, I really wish it would). :(
YukiNekoPrincess 10 months ago
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Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
I don't like these nasty banks. :(
YukiNekoPrincess 11 months ago
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streetseli 1 month ago
The bell at the end prompted me to listen to For Whom The Bell Tolls by Metallica.....and when its all coming down ill be rocking loud. but in all seriousness...that babbling old fool cant even get a word out without saying something he shouldn't it seems.
uselessmarial 11 months ago
prior to money, badee badee badee.....prior to money...badee badee badee.... just say i dont know idiot!!! Paul Martin, the biggest fool ever to lead this country !
kootnik 1 year ago
that's not quite right b/c it's not 'nowhere' they get it from, it's produced by yr signature which activates the release of YOUR future earnings that they release to you at interest - it's not a legally binding contract either b/c that requires two parties to sign it but the bank don't sign it so they're in breach of contract so draw yr own conclusions
AlanWattParrot 1 year ago
Economics understanding FAIL. If the government simply printed all the money, we would fall into hyperinflation. Also, what is the problem with banks charging interest? You can't expect them to just give money to people for free. Oh, and banks do have all the money that they lend out, FYI. Stupid conspiracy theorists.
Archie22022 1 year ago
The economic system was made to collapse. Socialism is coming. The micro-chip is coming. The anti-christ is coming... The new world order is coming. Freemasons, Jesuits, Satanists.... The plan is to kill 90 % of the earth population and get the rest into a ''new age''. Don't be fooled by them. They will cause chaos to bring the solution. Order out of chaos. Don't take the micro-chip no matter what... Its the mark of the beast. Jesus Christ is the savior.
axe414 1 year ago
@axe414
i don't think religions gonna help you out
TDWPOwns12 1 year ago
@TDWPOwns12 Jesus Christ is not a religion :) It is the truth. Atheism or new age Luciferianism will not help you in any way in your salvation. Stalin has killed 60 millions in the name of atheism. I am in Christ. Religions was made to worship Saturn aka Satan. They are the tools Satan is using to get you away from the true gospel of Jesus Christ. Especially the Babylonian Roman Catholic Church. Go do your homework and study the subject ;) Gob bless you.
axe414 1 year ago
@axe414
it isn't the truth to me, it's never really helped me out so yeah
TDWPOwns12 1 year ago
@TDWPOwns12 What you believe dosen't matter. God's decret is eternal. The choice is yours to conform to it or not. Jesus died for your sins on the cross. Satan will try to convince you that you're a god. He will use every tool and technology he can to do this. Pure deception.
Matthew 24:24 ''For there shall arise false Christs, and false prophets, and shall shew great signs and wonders; insomuch that, if it were possible, they shall deceive the very elect.''
axe414 1 year ago
@axe414
Then what you believe doesn't matter, and I doubt Satan would convince me of such a thing, see i respect your belief but imo there is so much shit going on in the world, religion is more of a distraction then a belief and the people fucking it up don't seem to care that Jesus died for ours sins, believing in him won't get me anywhere
TDWPOwns12 1 year ago
@TDWPOwns12 You will see really soon that what you believe dosen't matter. You will have 2 choice. Accepting the NWO and the new age religion or die. I will refuse the new age and I'm ready to die and be tortured for my Lord Jesus Christ
Mat 7
13Enter ye in at the strait gate: for wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat;
14Because strait is the gate, and narrow is the way, which leadeth unto life, and few there be that find it.
axe414 1 year ago
@axe414
shut up man you're really crossing a line now, snap back into reality
TDWPOwns12 1 year ago
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@axe414 Canadian Documentary.
Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
This is eye opening. you are doing some good work here.
yoboss1049 1 year ago
Not fraud because everyone understands it??? Nobody understands how the banking system works. They are all schmucks!! If people knew they'd string the bastards up!!
lonecrow66 1 year ago 2
Not fraud because everyone understands it??? Nobody understands how the banking system works. They are all schmucks!! If people knew they'd string the bastards up!!
lonecrow66 1 year ago
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streetseli 1 month ago
this video is a load of rubbish
PlayBoyPabloPablo 1 year ago
and this is why i never voted for Paul Marten, then again i think the connies are pretty useless too, i vote for the NDP, because i know for a fact they will never win, so why not vote for something you're actually sure of?
helix4811 1 year ago
There are central Monetary Systems put in place to make sure if everyone goes back to get thier money and they bring outside Money to pay the Investors
LudicrousPlatypus 1 year ago
And would the Money have existed because It is in the Savings account that they lend out?
LudicrousPlatypus 1 year ago
What about inflation is not that used to adjust over the Change of Money???
LudicrousPlatypus 1 year ago
The truth exposed with a touch of humor.
Ahh, the destructive power of the Monetary system...
raizr 1 year ago 8
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streetseli 1 month ago
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even gangster Paul Martin can't answer the question directly haha
well, huh, duh, I'm not sure...iiishshhh, prior to money, essentially, huh...huh............. hhuuuuuuuuhhhhhhhhhhh...
He knows HIS OWN money came from hard working canadians he robbed through Liberal Sponsorship Program , but HE CANT SAY THAT ON CAMERA, 'CAUSE NOT ONLY IT'D BE A WRONG ANSWER TO THE ORIGINAL Q, HE'D ALSO BE SUED!!! WHAT A P00P!
@BarbarianRebellion : good one! haha
LMAO
philacoudre 1 year ago
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philacoudre 1 year ago
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philacoudre 1 year ago
man this movie is pure gold, the humor, the simple cut and dry explanations and best of all THE TRUTH. Go to the Oh Canada website and consider donating 15 dollars or so, they deserve it.
TheNewport2009 1 year ago
Lets sit around like a bunch of arm chair Marxists and discuss this.
Its a lot easier than doing something, voting or throwing a brick.....
northerbrewer 1 year ago
great movie
mostafa789 1 year ago 2
we're going down, western civilisation is FINISHED
buy some silver, screw the system
someone said 200 years ago and i quote
"dont care about who makes the laws, as long as i control the money supply"
rings a bell??
elimar008 1 year ago 2
@elimar008
YEAH,but who said that?
philacoudre 1 year ago
@elimar008
YEAH,but who said that?
It's in TheMoneyMasters vid
philacoudre 1 year ago
what you are trying to say is ok in the movie, nevertheless less you don not understand what is the process. it involves much more things that what you are suspecting. watch?v=Y14CHYN-9yk watch?v=l7zBYIsU6xo in 2 parts some guys know. i do to because i was one of the dead stupidass running trades to help it years ago.
nwofromoldbabylon 1 year ago
@nwofromoldbabylon
well, vids you refered to are deleted... wth?... you wrote 2months ago...
philacoudre 1 year ago
This video is just b.s. designed to manipulate uneducated people. The author clearly has no grasp on modern economics. Try owning a house without a mortgage, try keeping all the money you will ever make in your sock drawer. Concepts of reserve ratio and money supply, roles of central and private banks are taught in a high school economics class. Take one.
IncredibleManx 1 year ago
@IncredibleManx Wrong on all counts. Sock drawers and mortgages have nothing at all to do with the issue of how money is created, and by whom. Get a clue before you call others "uneducated".
twobaud 1 year ago
NO money is printed by the bank of canada who regulate supply of money and distributes it to the main canadian banks.
Kofiv2 1 year ago
Wow, this is very disturbing,I hope most people do not find out about this....scary.
brown9ja 1 year ago
The truth is coming out at last! Money is created when some party signs a promissory note to a member bank of the banking cartel. The bank then credits a checking account with the nominal value of the "loan" and charges the borrower interest. As payments are made on the loan, a certain portion of the payment is extinguished, thus reducing the money supply, and the remaining portion, the interest,is re-injected into the economy. Google Hugo Salinas Price International Gold Standard.
acudoc1949 1 year ago
Paul Martin SOLD US OUT TO THE NORTH AMERICAN UNION!
He's a fucking traitor and should be judge for that!
AnonymousTruther 1 year ago 17
@AnonymousTruther Paul Martin and the Bank of Canada is why our financial system didn't come crashing to it's knees. People like you is the problem with the Occupy movement, no understanding of economics and finance and thus come up with borderline retarded ideas. I want the Occupy movement to succeed in getting financial reform to be pushed through, but this nonsense accomplishes nothing.
silverbullet1080 4 months ago 2
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Real footage of real banks causing real problems.
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See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
holy crud! there's 2 ways to generate money through equity or through debt. debt is issued for a country the same way any OTHER corporation issues debt. bonds. the bonds used are usually given fancy names like "Treasury Notes". equity generated money requires backing, like silver or gold. so you must first get a precious commodity to convert to money and put it in a safe place like Fort Knox and that back your ability to buy stuff with your money, it's like collateral.
thanks for the post!
uturniaphobic 1 year ago
The egyptian empire used chains, whips and the theology that 13 year old boys who fucked their mother and sister were actually 'Gods' in human flesh to make sure their slaves worked their asses off for the elites...Todays empires use private banks, well played, but your time is running out and the slaves are sick of your shit.
mookixox 1 year ago 2
Try printing our own money via Goverment, as Abe Lincoln and JFK found to their cost....Yep! Toast.
dogsbreath101 1 year ago 2
@dogsbreath101 we're screwed and locked-up tight
philacoudre 1 year ago
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@dogsbreath101 Canadian Documentary.
Real footage of real banks causing real problems.
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streetseli 1 month ago
This looks like a kick ASS movie! Great work guys.
allzago 1 year ago
one person for coffee one for coster, this is my fav,
oceanrefusesnoriver 1 year ago
The real Money lies with Silver and Gold,
bradwhitcombe 1 year ago
We don't need money, we don't need banks, we don't need to be slaves to labor anymore. The planet has resources and we have technology to free us from servitude. Only the rich support the current system, or the wanna be rich. If you have a God, he will surely condemn us all for the 34,00 children s death per day caused by capitalism , competition, survival of the fittest mentality, as well as socialized greed and amorality.
Miitu79 1 year ago 2
@Miitu79 Look up 'double coincidence of wants'.
gf1605 1 year ago
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Miitu79 1 year ago
Paul Martin is a Bilderberg attendee. I even heard he owns a shipping company that doesn't pay Canadian taxes but he was the Prime Minister of Canada!
elucidative 1 year ago
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streetseli 1 month ago
All roads lead to Rome
TrutherD1 1 year ago
Wow, if we didn't borrow money then the business cycle would have been even worse. This is stupid. Take some Economics courses. We want banks to succeed and Canada has an amazing banking system. Money multiplier, ugh, why would we have all the money in cash? There are so many acts that kept banks accountable in Canada. The Bank of Canada owes 100 000 dollars per person per bank.
emmyriddle 1 year ago
Comment removed
TrutherD1 1 year ago
@emmyriddle Why should we have to borrow money we create for our own country? Because if we don't our Roman owners cause all sorts of problems until we fall back in line. We only rent this land.
TrutherD1 1 year ago
why the hell cant i find a chart of the canadian money supply
canadianwhaaat 1 year ago
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streetseli 1 month ago
If one reads body lauguage, Paul Martin is
lying, like a hand in the cookie jar. He is knowingly covering up fraudulent banker activities. And yet we bend over and take it like its right and few notice the truth
pauliewaulieflimflam 1 year ago 2
@pauliewaulieflimflam
Yes, and Paul Martin does say and incriminating quote in the video: "But there really is a problem, because those who knew, should've stopped it."
derfowvayer 1 year ago
Paul Martin = one of the greatest traitors to Canada.
SuperNewf1 1 year ago 2
Stammer stammer
Arachnidia 1 year ago
Martin didn't want to say....printed by the corrupt bankers....federal reserve...lying through omission,
is still lying!!!!!
MsBambi2010 2 years ago
print more money and ban interest rates. Problem solved
jackiechan511 2 years ago
omg... the whol epoint is that we have giving this monopoly to an oligarghy of banks! there is no competition friend...
pawqmasta00 2 years ago 2
area163 says= i did this in 80's. ---money= medium of exchange, wealth sink, implied production economics - exploitive, resources, demand, supply (eco's) produce, trade, monitize
MATRIX - BBS WIM FRE beg borrow steal win marry inherit find receive earn wages, salary, commission
?= insurance earnings. (win?) principles of accounting another mat. Friedman + Keynes + Webber == velocity / inflation
area163 2 years ago
To the dumb fuck grilling me about working at a bank and that its the banks fucking everything up... I am not about to down play the role banks played in the economic collapse HOWEVER, 1st off I work at a Canadian Bank... the Bank Act of Canada prevents the irresponsible lending practices of your country asshole. 2nd... remember all your dribble when you need 300k to buy a fucken house you idiot.. hopefully your mothers hookin pays well... its called a symbiotic relationship fucker!
rizon8 2 years ago
I hope this is just a parody of a conspiracy theory... if not, you really need to do more research. The other commenters have pointed out some major flaws, more exist.
Also, way to interview some non-economics students at UoIT about economics.
snownet 2 years ago
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Should the Canadians be hosting the olympics if they can't provide safe facilities as seen with the death of the Georgian luger? Canada is like a third-world nation. Have you driven on their roads?
robertjohnson487 2 years ago
100% of all money is produced by the BofC a gov't nstitution. Google it
You're confusing money with capital. Capital is the good and services that exist in our country
Capital that banks invest in with money we give them in the form of saving accounts
Where do you think that little extra money they put in your bank account every year comes from? They invest it into the economy for us and in we get a return on the investment in the form of interest and the investment is guaranteed by the BofC
Kingucktoad 2 years ago
if they give me cents, and i mean cents on my thousands of dollars, imagine what they are really making with what you call "invest into the economy for us" . why the hell do you think they have us in THEIR best interests...
pawqmasta00 2 years ago
Take some economics
The reason you only get a few cents on dollar has to do with the amount of risk the investment carries.
Savings accounts are guaranteed so there IS no risk
If you want a higher return, that's fine, go to Wall-street, but then you have to accept that you could lose money.
The higher return provides an incentive for people to invest in the economy. After all would you leave a GUARANTEED savings account for an investment of equal return that is NOT guaranteed?
Uh no
Kingucktoad 2 years ago
u like glenn beck... nuff said.
pawqmasta00 2 years ago
@pawqmasta00 No I hate Glenn Beck for the same reason I don't like this video.
I don't like lies and propaganda.
Takes some intro economics and you'll see this is all hogwash.
GizzardEntertainment 2 years ago
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Miitu79 1 year ago
I know more about economics than this person just from watching It's A Wonderful Life once a year.
Why must people sully valid problems with their inarticulate, poorly grounded arguments?
avocadoemily 2 years ago
money. ah. MONEY. AHHHHHHAHHHAHAHAAA
Tangiepoon 2 years ago
This is basic free-market economics. Money makes money.
This mini-documentary neglects to mention that private banks hold other assets, the total value of which is at least 10% (in Canada) the total amount of money they have loaned out.
tomatessechees 2 years ago
Wrong, this isn't free market economics. If it were, you and I would be able to create a competing currency. If we tried that today we would be thrown in jail. The government and banks are in bed together. Paul Martin knows this, and is why he struggles to answer the question.
Canada is FAR from free market economics, unfortunately. The government still monopolizes certain industries that can operate at a loss, at the expense of taxpayers, and don't even get me started about interest rates.
Unkn0wnGuy 2 years ago
@Unkn0wnGuy Not just that but the documentary fails to mention the gold and silver standards that were used to back paper currencies a long time ago. No mention of gold and silver
MiddletownDreamz 2 years ago
Holy poop!!! this is amazing stuff. Charging intrest on money they never had. And compounding it... WTF !!! What hell is wrong with our stupid country to allow that to happen. I really need to get a safe, not that I have alot but why would I allow the bank to hold what I have and only make peanuts on intrest which is taxable.
Damm this burns my ASS
416tib 2 years ago 2
No doubt, more Canadians need to understand this. Watch the video on youtube called "Money As Debt" and you will be amazed at how this all works. It's very easy to understand and it will open your eyes.
Unkn0wnGuy 2 years ago
@Unkn0wnGuy don't forget to watch "The Gold Standard" on YouTube as well
MiddletownDreamz 2 years ago
Thanks man I'll check it out.
Unkn0wnGuy 2 years ago
This has been flagged as spam show
@Unkn0wnGuy Canadian Documentary.
Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
This has been flagged as spam show
@416tib Canadian Documentary.
Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
Ya I tried to get $20k out of the bank to put in a safety deposit box and they told me they don;t have enough
alfvarr 2 years ago
They didn't have the money on hand is what they meant. Banks discourage people from taking large sums of money out in cash because, fundamentally. It's dumb. Why carry that much cash? In a lot of cases, banks worry that indviduals, particularly seniors who take large sums of cash out are the target of a fraud. Also, all banks discourage people from putting cash in SDBs. There r many easier ways to move money around than taking cash.
Clichyabarbes22 2 years ago
For all those who enjoyed this movie I recommend watching The Obama Deception and Zeitgeist! There are also many independent youtube channels devoted to the topics in the video; they could use your support. Rate and comment:-)
KrazilyKatelyn 2 years ago
@KrazilyKatelyn I watch the Obama Deception and thats just overkill scare tactic + empty facts to scare us into performing republican decisions (like voting no on uni health care) this docu just shows how it bank works and turns out to be a huge problem with it. But it;s not telling me that the universal health care will prevent people health services, when that's already the case in the USA, because there private health companies run like private banks... but Obama Deception is a TRAP Docu
saynotodrug999 2 years ago
They told me there was not enough cash in the vault and could not give me 20K. WTF. The whole system is fucked. Go get some physical gold and silver and never sell it. Hold it for ever and only trade it for other hard assets. Once you buy it never trade it for paper money...aka funny money, fire starter, but wipe.
murraycg69 2 years ago
This has been flagged as spam show
@murraycg69 Canadian Documentary.
Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
Get this. I saved up money for 4 years to build a house. I go to the bank and say I want to build a house and already have the chunck of land. I have approx 40% in land and cash to go towards the house. the bank says you can have up to 243K for the build. I say okay. They advance me money as I build and advanced 100K at one time. Here's the kicker. I phone up there a month ago and want to take 20K cash out of my savings to buy physical silver and I was only allowed to take out 7K in cash.
murraycg69 2 years ago
Savings are not demand deposit accounts. Canadian banks can ask for notice of withdrawal. In any case they are a lot easier methods to purchase silver without actually withdrawing cash from your a/c. EG set up a brokerage acct & purchase the silver thru a brokerage acct. Tf the money to ur PCA & pay with cheque.
Purchase a draft. Thrs more, but I'm sure u get my drift.
Clichyabarbes22 2 years ago
This has been flagged as spam show
@murraycg69 Canadian Documentary.
Real footage of real banks causing real problems.
Watch How To Rob A Bank at UmotionS.com
See the trailer at my channel. The Link is in it’s description.
streetseli 1 month ago
paul martin what a door knob
cloned2 2 years ago
ECONOMY I DO NO UNDERSTAND PLEASE HELP ME......How do banks lend out money that they just don't have?? If banks have trillions lent out ---what did they give to these people?? I assume it was money in the form of cash or a cheque that could be cashed. Who authorized the mint to print it?
lardevlin 2 years ago 9
@lardevlin they give out a thing called credit!
bobthechipmonk 1 year ago
@lardevlin
banks only have less than 10% of cash money, the rest is all on paper, there's no real money to back it up. its been like this for quiet a while probably about 100 years now... u dont need to print more banknotes because billions of dollars are never cashed they're just transfered from account to account. you mentioned a cheque, a cheque isnt actual money its just piece of paper that says how much money is gonna be transferred to your account, then u pay some1 else with a cheque...
arjont 1 year ago
@lardevlin Hey I was tossed out of a BC Court room for being loud when a doctor testifying said I was a Delusion and the Judge believed it and just to make sure made me a Bail restriction?
But people think it legal for the courts to lock up and Drug Canadians who have delusions with me in them?
Thanks to PET and Mr C I dig the Magic Money Tree, but all my shaking has never made any fall!!!
TTFN
RockerDaddyTazz 1 year ago