An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security.
Our monetary system is based on credit or debt, and without constantly continuing issuance of debt, the whole thing falls apart. Our system of ‘fractional reserve banking’ gives commercial banks a licence to literally create money out of thin air – and then charge interest on the money they created. Fractional reserve banking is the cause of spiralling debt.
A biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.
i cant understand why people havn't seen this very important video. 320 viewers only. I have lost hope for humanity. Go to a britney spears stupid comments and it reaches the millions. WOW!!!
If this isn't slavery I don't know what is. I'm ready to right this wrong though. Any one else??
SunUp08 2 months ago
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An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security.
mubaraqtopeakere 5 months ago
This has been flagged as spam show
Our monetary system is based on credit or debt, and without constantly continuing issuance of debt, the whole thing falls apart. Our system of ‘fractional reserve banking’ gives commercial banks a licence to literally create money out of thin air – and then charge interest on the money they created. Fractional reserve banking is the cause of spiralling debt.
A biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.
PositiveMoneyUK 8 months ago
such a brilliant video
Xenthoid 1 year ago
i cant understand why people havn't seen this very important video. 320 viewers only. I have lost hope for humanity. Go to a britney spears stupid comments and it reaches the millions. WOW!!!
blackjackdown 2 years ago
thats why the people of the united states were so easily conquered
ECX0x100h 2 years ago