as a computer engineer i see the digital money solution not a so easy solution to the problem. To avoid counterfeiting in such a system a control for all internet users must be achieved first, so forget about your anonimity. It also means total informatization at every level, every little farmer kid must have a computer and be part of a system to be controlled.
@adepsa i agree man i see credit card fraud increasing in my city like 100 people have been arrested in the last 2 years for credit card fraud ,can i bring up a single idea DIGITAL BARTER ,it works like real barter only it's digital and by suply and demand the exchange is made in an instant ,i don't know if we have the computing power right now but by moore's law every 1,5 years we double the power of our proccesors so it wouldn't take long to achive that ,crazy or doable? simple opinion.
Haha, you can see from the comments that they're with it completely until they find out it's a slightly left wing reformist idea, and they just denounce it as 'SOCIALISM' in a jerk of the knee, bit like creationists and evolution.
Haha, you can see from the comments that they're with it completely until they find out it's a slightly left wing reformist idea, and they just denounce it as 'SOCIALISM' in a jerk of the knee, bit like creationists and evolution.
It had me till the last video. I don't think I can trust government to be our banker.
The Bible obviously saw this that is whay it had the following law.
Deuteronomy 15
Deuteronomy 15
Debts Canceled Every Seven Years 1 “At the end of every seven years you shall grant a release of debts. 2 And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother
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'm amazed to not hear what I think would be the most direct and simple, if painful solution. It's easy: End fractional reserve banking. Problem solved.
I think that you should tell another people about this video. Don't let the mass media (manipulated by bankers) indoctrinate you with BS. Instead, contribute to making the change to be truly free.
And by the way, I bet most of the people here, despite their anarchist anti-authority rambles, have still taken out a loan without complaint. And what enables banks to do this? Credit creation.
The only way to get rid of debt is to destroy the source of the debt. Come up with a plan to regain control of the money and launch nuclear weapons against the banking system and China. Take that Federal Reserve and Chinese President! If a debtor and all its connections are dead, the debt is wiped out of existence. However, there is another problem with this. The use of nuclear weapons will stir a lot of anger. Spending more on defense will probably not solve the problem.
i love the system we have this episode needs to stfu. i buy stuff i cant afford all the time and its amazing to be able to do it. when the bubble bursts it will be exciting and we can start life over again from having nothing
The one idea I am weary about is an all or almost digital monetary system! Why does encryption matter when human beings program those systems? If it is digital, then it can be manipulated! If a system is managed by human beings, then that system is vulnerable and will eventually be manipulated! People simply can not be trusted to do the right thing over the long term!
That idea suggested at the end of this series was Socialistic to say the least.
I could accept a system of that manner, if and if other form's of Currency were still accepted by law. To do otherwise would be to take people from the money slavery of the banker's, and put them into one created by Authoritative Government. Federal Government doesn't like to give up power.
@Joe11Blue So, you are against Socialism? If you are an American, then that must mean that you are against: Public Education, Social Security, Homeless Shelters, Public Welfare, et cetera, et cetera. I am American and it just KILLS me when other Americans start going off about Socialism and Communism when it is ALL AROUND us! LoL! If our society is TRULY Capitalistic, then it should be every person/business for his/her/its self! Just MHO! :-)
@DemePoole Yes, I am against the Federal Government being involved in all of that. So what? You really think your smart for stating that? You haven't done anything other than show how much of an Authoritarian you are.
We haven't had true Capitalism in over a 100 years.
@axeld93 Aww how quaint, you tried to insult me, and failed at English. Congratulations, because some idiot on youtube hardly has the chance of hurting my feeling's.
@Joe11Blue Wasn't trying to. You threw that word into the ring as a kind of meaningless, nondescript buzz word, choosing to use it to seem smart, instead of coming up with a decent argument. Also, people who have a major problem with authority are usually quite immature. They don't realise that the needs of the group often supersede the needs of the individual, and that a governing power is necessary for this. Hence, big word, from a small mind. Comprendez?
@axeld93 There was no need to have a decent argument with you. it would be an exercise in futility. Sort of like shooting some after they are already dead. In this case it would be proving some incorrect, when everyone can already see that.
@DemePoole So because I ask a question (which you, curiously, did not answer) and express an opinion that makes me an "Authoritarian"? Kind of reminds me when ol' W said said that anyone who wasn't on his side is a "terrorist" if people wanted to question or express an opinion about the bogus terrorist attack on 09.11.2001. Oh, and do "You really think your smart for stating that?" LoL Should be "you're" and not "your", but what do I know? :-)
Very interesting series, and well put together. I suggest there may come a time when Governments will print their own money, but then that will be followed by a period of equal instability if you look at the track records of most Governments. Chances are something in between will finally bring the stability we are seeking, allbeit a century or two down the road.
middle way is usually best way, moderation and all that, we've yet to see how direct financing would work - maybe with a better system of government it would do? We just need to experement more with this as dangerous as that can be.
This series is half shining brilliance, half conspiracy bullshit. I wish it would ditch the "bankers are evil" crap - bankers are just people trying to make a buck by legal means, like all business owners. If it focused more on the sustainability issue - the fact that endless growth cannot be achieved with finite resources - then this video would attract less crazy conspiracy theorists and more sane and rational people.
Is 1/2 truth better than nothing, or does it make it harder to see the shit from the trees? I love how so many return to right nutjobs like this hippie series, its like they only see the bankers part and not his nationalistic solutions some people even think this is pro gold standard somehow
@axeld93 Well, bankers and other people in finance understand the system and can, therefore, manipulate the system. The same way an adult, who has more knowledge of the world, can easily manipulate a child, who has less knowledge of the world. Yet, because of so-called moral values, we look down on adults who manipulate children and make it against the law to do certain things to children.
@axeld93 I don't think bankers are evil, I think they are INGENIUS! They are simply taking advantage of people's GREED! If a person wants a brand new, shiny plasma television (made in China, of course) and are willing to go into debt because of it, that is not the banks fault. The bank is just providing the means to an end. And the bank still gets paid even when televison stops working in 1 to 3 years! INGENIUS!!! It is also not the banks fault people do not educate themselves. :-)
@axeld93 Oh! Not trolling here. :-) I just got to rambling there for a minute. My original intention was to only comment about bankers using "legal means", which is true! What they do is, basically, legal, but most people want to see it is as "wrong", because those are the people who do not take the time to read the fine print! People like that want to turn it into a "moral" issue, because they feel ripped off! Bankers are capitalists and that's what America is about! Right? :-)
@axeld93 Ha! LoL! Some people just have too much fluroide built up in their systems, it seems. :-) One solution to this whole mess is to just let SkyNet and the Machines (from the Matrix) take it over! Oh, and can't forget the super computer from Hitchhiker's Guide To the Galaxy! At least that way we know the answer will always be "42"! LoLoLoL! Too much Foldger's! LoL
Yep, they make money by "Legal Means". It was also once considered legal to own black people as slaves.
Legal does not mean rational, moral, efficient or good. I think it is entirely fair to tar the "bankers", as it were ,as immoral money suckers. If you do some research on the quotes presented in the film and who made them (often bankers), you will find there is not so much conspiracy as merely fact.
@BarringtonDailey Bankers offer a service - people know what they are getting. Banking is like any other business - they have a profit margin, which by the way is good but not as good as some other businesses, and they also carry a fair amount of weight on their shoulders. Banks are tasked to take care of a massive amount of people's wealth. If they screw up, there can be enormous consequences.
By the way, I just going to say that it is ridiculous to use a generic term "banker". Who exactly
@axeld93 The Church was an evil institution from the beginning. One only need' to look at the their adoption of of offering's, and it's opulent building's to realize this.
@Joe11Blue As long as it is controlled and conservative, yes. Obviously the recent crisis suggests that the rules should be tightened up, but I don't think eliminating them is going to be this magical solution to solve the world's debt problems.
@axeld93 See that's where the idea is misled. Fractional Reserve Banking is not Conservative by any mean's of the word. In fact it's quite the opposite.
The current crisis was perpetrated by Centralized Banking manipulating the Currency Supply. The whole system is rigged by design, and it's highly flawed in the way it monitor's itself. The policy of Inflation only is how you bankrupt nation's, not how you grow potential progress of Individual wealth.
@Joe11Blue I've actually already had this conversation with someone on another of these videos. We established that inflation in large amounts is definitely bad, but that inflation in small amounts is a good thing because it encourages people to spend rather than let their money be devalued, thus fuelling the economy. And please don't tell me I'm wrong, I've already been through this already...
Central Banking is not perfect. But for God's sake, there's no need to be so black and white. Even
@axeld93 The problem is that you are wrong, and you are simply too biased to understand it. If you go back and look at the history of this country, our greatest period's of prosperity were during period's where the money was backed by something of worth, and we didn't have an outrageous national debt driven by exponential Inflation through a credit based system. Spending just for the sake of the economy does not make a nation wealthy, in reality it creates the same situation we have now.
@Joe11Blue though it goes wrong occasionally, it is a good system. There are shades of grey. Cars crash right? And people die. But nobody in the world has pushed to ban cars. Instead, you work on improving the current system, by adding seatbelts here. Same with Central Banking. End of story as far as I'm concerned unless you give me an intelligent insight which doesn't run along exactly the same lines as every anarchist on youtube (no offence intended).
@axeld93 The Intelligent argument was made over a 100 years ago, it's your choice to actively ignore it. I can not force anyone to think otherwise, but I can say that our current situation was caused by the direct effect of Inflation only Policies without letting the market to self correct softly. When the crash becomes more and more prevalent, and it becomes undeniable that the system is deeply flawed the way it is, you will probably be singing a different tune.
@Joe11Blue Mate I'm not actually from the USA. I have no feelings towards its government, and no emotional connection to its past. I just see the facts as they are. So if anything I am far less biased than anyone from America possibly could be.
@axeld93 See that's even funnier, because you think being a foreigner would make you less biased. Your own ignorance will be you downfall. Have a nice day?
@axeld93 Not arrogance, just common sense. Do yourself a favor, stay out of our country, and quit trying to convince us you know better than we do. Maybe if you look back and realize that without us, you'd be in a camp somewhere or learning German. We know what are doing here in the US. If we could keep idiot's like you away from our country we'd be better off. You guy's can live in your Brave New World, we want nothing to do with it.
@Joe11Blue Hahaha how ironic, I was just watching this video of Doug Stanhope on Nationalism: watch?v=gQEcMTSgg5w This is referring to EXACTLY the sort of talk that you just demonstrated.
@axeld93 Funny story. I never told you how to run your country. I don't care what you guy's do over there. it has no bearing on me. Yet, you were here telling us that we were some inanely irritating Ad Hom because we live in the manner we choose to.
@Joe11Blue Yea it is pretty funny considering he rips out almost the exact words that you used. Oh, so you run your country? I wasn't aware that me telling you anything would have anything bearing on how your country is run. I'm the one who is laughing buddy.
@axeld93 You seem to missing something. Might I suggest you reading our Declaration of Independence, then moving on to our Constitution. Maybe those dusty braincells will start working properly, and you'll understand why the people of the US really do run the country. We have the largest standing military in the world within our own border's. Our Government is scared shitless of us. That's why they try to con us into everything.
@axeld93 Mine is pathetic? I'll let you know when your opinion matter's to me.
Had you read those Document's you would understand that the President is not above the people. In fact the way it's structured, he's serving us. Even if he seems to have forgotten this. He work's for the People. He's not a leader of anything except the Military. The term Civil Servant applies here.
@Joe11Blue how would you say you know what ur doing in the US after watching this are u fucked your whole country and the world is bassed off the same system that is oviously fucked up and isnt sustainable so wtf are you think when you say you know what ur doing
@L0ngB0ard99 The country is fine. It's the Federal Government that is screwed. The USA isn't the Federal Government, it's the people of the country itself. This isn't some defunct Feudal system that still bow's to a Monarchy. What we have is a few idiot's that think they can usurp the people and install a feudal system. They are failing as I type this.
@BarringtonDailey does the video mean by "bankers". Is the employees, who are commonly referred to as bankers, but probably have little investment or interest in the bank, other than as a source of wages? Is it the management team, who are in actual fact also employees, and while they may have a partial interest in the bank, did not actually start up the company? Is the board of directors, who have little place in the actual running of the company? Is the shareholders, often ma and pa types
@BarringtonDailey directly, or through managed funds, who are just looking for a solid investment for their retirement? A bank is a system, a financial organism if you will, and to use an all-encompassing term "banker" for the individuals is silly in the least.
One final point: it is the government that sets the laws in place regarding the credit creation system. Can you blame people for taking advantage of this? Can you blame a father who buys a large SUV which, in a crash, will very likely
@BarringtonDailey cause great damage to the other car, but will give his own family in the car greater protection? If the blame is anywhere, it should be on the government, not the banks. And again, the government is a complex system, with many people involved. It is not a single, malevolent, or benevolent, mind. But if people really cared, and really had a good case for abolishing credit creation, would they simply not vote in a government that does this? Not to say democracy is a perfect
@BarringtonDailey system, but the responsibility is at least partly on the people who supposedly see this problem to attempt to make a change, rather than just throw around outlandish characterisations of evil banks and evil government in an anarchic, irrational, and ultimately pointless fashion.
@axeld93 The word evil was never used once during all 8 segments. Yes, bankers are legal, he made that point. The lender and borrower were both analyzied, neither was labelled as evil. The conculsion was both parties are to blame.
His punch line was infact public and environmental benefit. Did you even watch this film?
@axeld93 It is his opinion of the conspiracy. All he is doing is explaining this system which at least 80%+ of us do not even know and he mixes it with a bit of his opinion. He gives us examples.
a public government bank should give out loans interest free to the people. that is one of the solutions. in conclusion it seems that any non-interest free money system will ultimately collapse.
we've had this system for 400 years, same time was one of unprecedented growth. Connection? I'm not sure why people are scared of the oil that lubricated our ascent from the middle ages to modernity.
@unassumption Rome had unprecidented growth of culture and architecture and trade right at the moment Cesar took the power from money changers, made money interest-free and plentiful by making it of cheap material and said " this coin be worth something because i say so" and suddenly everybody had coins to spend, this allowed the middle class to flourish..people loved Cesar... then Cesar was killed and it was back to the old system, back to murder of the middle class. i think it was liek that
silversnowball? realy? selling silver coins? what the hell. nice way to get money guys. and the selling of dvd's too. so you love money too right? that's our only problem people they tought us to love money,
we are forever slaves of that need just try not to play their game and think by yourselves whats real important in life for each one of you, don't give power to conartists :)
In my opinion, the need of power over others is the real problem. Because money is a way to get power or better, "The only way", the money system became like that cause of the need of power, of ruling over others. The money system must be exluded from being a way to rule over others. Even if we make it digital or call it energy from the sun, as long as it stays a way of having more power, we will never make a money system that satisfies the principles of equality and freedom.
When global population stabilises in the next 300-500 years most of these problems will resolve themselves. The need for a money supply arises from uncertainties around the scarcity of resources. If there is a fixed global population and everyone settles into an average level of consumption the system becomes much more stable and predictable. Until then it seems pretty naive to assume that people will simply stop consuming or lending out of some sense of the greater good.
@jimberkt it won't happen out a sense of the greater good, it will happen because we hit a WALL of resource consumption. We are running out. Of EVERYTHING. There were huge ROCKS of pure copper when N. America was 'discovered'. Now we mine minerals that have .01% copper...And just when this is happening, we are ramping up consumption even more. The laws of man and politics are no match for the laws of physics. There will be a lot of pain for a lot of people if we don't change the system NOW.
@Chrome585 true but the copper that has been mined still exists in the world. It is the finite resources that will prevent the population going beyond a certain point. But no doubt there will be tremendous suffering over the next few centuries.
How can we transition from the current banking system to a more sustainable monetary system? Wait for the economy to collapse entirely and then rebuild? I can't see how we can change the system without causing a collapse.
OK, I am sold on this argument. But all I have from this is joining a LETS SYSTEM. I need to know how I can oppose the dominant system, not just set up a non-monetary local lets system, where I swap my ability to cook for some other persons ability to do plumbing. This is too quaint, it does not FIGHT the larger problem. It is much like what hippies do or did. Creating a pseudo self-sustaining bubble. I really want to do something bigger, this video has shown the necessity of that.
i have said this no 1 understands lmao. i have no debt . lots of stores ready guns ammo med supply is a must. this will all crash very soon ppl. I hope u r ready for whats about to hit . the fed put 600 000 000 000 more into this lie lmao wake up.Good luck all.
Join the Zeitgeist Movement,spread awareness,and remove yourself from the cyclical cycle. As in consume less and starve them out,we don't need 10 pairs of Nike,or any other junk.Unclutter your spending. Eat organic produce from your local farmers market, if you have a butcher nearby him too. Only feed the large corporate entities the bare minimum while challenging their very right to weild this control.Large scale demonstrations will be planned to show them we want an option.
Only when we can truly appreciate each other as human beings with equal rights created by a higher authority than any individual human being poseses , will we not need to rely on an abstract idea of "money". We are the true value in life , not a piece of paper!
Something that is really weird --in the 2004 election cycle they changed the democrats color from red to blue and vice versa for the republicans. So if the movie Matrix came out again the pills and what the represent would be the opposite.
This guy is very intelligent and I can't figure out how he can understand the system of money creation so well and not understand his own proposed solutions inherent shortcomings.Such as the same greed and wealth accumulation will be manipulated by those who will leave the banking cartels and join government because thats were the money will be.Remove the modes of control and manipulation all together.Join the Zeitgeist Movement and the Venus Project for sustainable solutions.
So, you're saying I should put most of my faith in this guy's interpretation of the idea of the creation of money, its purpose, and the adherent problems associated. But, I should withhold most of my faith in his ideas of solution. Take his solutions with a grain of salt, in leyman terms? Sounds like every piece of information I've ever heard of.
Im saying his solution will not work.Its founded in the same ideology of the one he seeks to replace.Objectively the desired goal should be to create a system of distribution were the circumstance of manipulation and abuse is not possible or at the very least not rewarded.
I dont suggest you place faith in anything.He's correct on the current money creation cycle as a fact, the evolution of it is debatable.
Digital currency is by far the most unintelligent thing we could do as a species. Consider an extended emergency power outage during winter or during times of crisis. Without a hard currency people will die, it's quite simple.
What a great educational video. It is so important for Americans to understand how our debt-based monetary system works, before it collapses. In addition to these videos, I found "Why we are so much in debt" on YouTube to be helpful.
Hasn't anyone come to the conclusion that we don't need money at all anymore!! That the monetary system is outdated and stifling! Monetary gain is the soul and root cause of poverty, crime, and war. It's set up on the basis of scarcity. We have all the resources and technology to create abundance for all. The monetary system is contrived scarcity creating control of the masses. I implore all to look into VENUS PROJECT and the creation of a RESOURCE BASED SOCIETY!!! It's clearly the way to go...
Sure, its easy to be critical of the current system, but the proposed solution is far worse. Have the government print money as needed??? This can only lead to fascism, black markets, and economic collapse. And, a return to a hard money system sounds appealing but it also has problems, I am not sure how it would work in a modern economy.
The people who run the world are a few and because of their paranoia and destructive greed the brilliant theoretical ideas in this series of videos will never happen.
The only way we will inevitably endure radical change will be through the intervention of (most likely) war or massive natural disaster.
This is the only way forward. It has always worked this way and will never change. The human race is a corrupt form of cancer that will never heal itself.
eh so just stop spending to people that were give contracts to someone they might not have?bascially it just leds to hyper inflation cause consumption cant meet demand ? ron paul woo hooo :D
add to this "social" help, done mainly by the government, that you see the cicle being complete. Remember that what is being said here applies only for the developed countries. For Brazilian, for example, there is a program called "Bolsa Família", which objective is to give money for the population which does not have it. They do that in order to create that system which was shown here. But they don't produce anything; just consume, and by that little they borrow from the bank.
We already are in a digital money age. All we have to do is give the control of money to the government, then the government can give free debit cards to the people and charge money to their cards.
The current system is based on the world being infinite, as that was what it was like centuries ago..however, as people have discovered, Earth has limited resources. Unless man keeps on finding new Earths at an expotential rate, this system is flawed.
Money represents WHO WE ARE as natural i.e. non-spiritual beings. Our monetary system has grown as a logical consequence of this fact.
Unless we are able to CHANGE WHO WE ARE we cannot hope to change our monetary system in principle, no matter how much we may wish to. We would simply end up creating a worse tyranny.
Only Jesus Christ CAN CHANGE WHO WE ARE. HE is the SPIRITUAL SOLUTION to our dilemma. We are spiritual beings but our spirits are dead. Only He can raise us from the dead.
I agree with most of this presentation... One thing I would disagree on is the assertion that interest on loans is impossible in an honest money system. G. Edward Griffin, in, "The Creature From Jekyll Island", explains how interest on loans doesn't cause inflation. Look at it this way: I borrow your wheelbarrow, and agree to return it in 2 weeks, plus "interest" of me babysitting your kids for 3 nights. I just added value to the overall economy via the service I provided. Nothing was lost here.
[increase in money supply due to money demand to pay interest = annual interest paid / money velocity]
If annual interest paid compounds, there are two options. 1) money supply increases exponentially. 2) money velocity (i.e. turnover rate of funds) increases exponentially. 1 is more likely than 2.
@bobbecket except your time and labour, unless you consider your time and labour worthless and the food you had to buy to give you the energy to exert that labour and stay alive over that time.
@bobbecket It seems that way, but because in your example you had to pay for a real world object with effort over and above the value of that object you have not only caused inflation, you also have the opportunity cost of over-spending on something that has become over-valued, where previously you could have had two wheelbarrows by now.
Any yes I realise I just wrote the longest sentence of all time :)
You must have missed the part about how the current monetary system requires endless economic growth and the part about how the world is finite in it's resources.
Steady economic growth is NOT sustainable, otherwise you'd be right. We would just keep expanding our economy at the rate of total interest payments.
This point was beaten into the ground in this video.
@bobbecket Yea ok, but you returning the wheelbarrow is like taking the money back out of the supply which like the video just told you they don't do, so think of your little example as you keeping the wheelbarrow and tell me no one lost anything!
It seems like nationalizing the banks, as Canada has done, and using the interest profit as tax is the best idea.
Btw the only thing this video has made me want to do is to buy up bank stock. It seems like such an overwhelming and enormous problem that I feel helpless to do anything but stay with the system and profit from it.
@rsfirestorm225, nationalizing the banks is a bad idea. It means that there are very few banks available, zero competition and a monopoly. I'm not sure if you're familiar with Bob Chapman or not, he explains this alot better than I can. He has his own youtube channel to listen to. Check him out!
I am a 19 year old man, and I am capable of fully understanding everything each of these money as debt videos has to offer in knowlegde, why cannot a vast majority of this nation, actually better yet the WORLD understand these facts, why is it that everyone in the world is soo damn slow to realize something until things fail, why must people be such boneheads, if you are like me, please do share this video, and information in relation to it with everyone you know, be it in person or interenet!!!
@TheCrazyBarn I'm a 16 Year old with english as my second language and even I understand, I find bankers to be disgusting and I am not a person believing in set values which is ridiculous. Without money this society would be difficult to operate at the food production level, people would starve however if we lessen the use of money in the local and personal level by exchanging goods then there might be hope for a dual monetary system A material scarcity system and a product exchange system
@TheCrazyBarn The problem is "conditioning,the lack of education,and complacency!" People are brainwashed from a very young age that they need the all-mighty green to survive. Also our educational systems don't teach what is actually important to our survival as a species, breeding an American populous that's quite simply put "dumbed down." The Monetary system is completely outdated. It's time for something new. I believe a "Resource Based Society" would be far better!!!
I'm young too. I'm 18 and I realize that in our youth we are more prone to revolutionary ideas as we have yet to be indoctrinated in the status-quo of society. I myself engineer solutions to certain injustices in the monetary system with two of my businesses. If you believe we are like-minded individuals then I will gladly explain what I and my associates are doing to level the playing field between civilian and commercial economies.
@psytrancedan Those who don't hear will suffer... let them not hear, because that means more stuff for me to get, they can hold all their worthless federal reserve bank notes, and i will hold my REAL MONEY (silver/gold etc)
Banks are one thing, the other is technology. Right now around 97% of people, at least in U.S., have a job in providing a service. not a physical job of Agriculture or Manufacturing. It is potentially becoming as an exchange of services, not goods AND services.
HOW ABOUT THIS WE GO TO THE BANK YES WE AND THE BANK CREATE NEW MONEY WE GET £10.000.Say AND THE BANK GETS £10.000 SAY .ALL AT THE SAME TIME ON THE SAME DAY..NO ONE OWES..NO ONE..WE ALL GOT OUR MONEY..AS WE CREATED IT.SO THE old WAYS OF BANKING OUT OF Dated.ALL BANKS AM going uder.UK GOVERNMENTS AT TO BUY ALL THERES AND EU AND USA ....AM LIKE GREASE BANKRUPT NEARLY..ITS GOING TO BE A BIG WW3 THATS Y THERE WARS SOMETIMES TO START NEW WORLD ORDERS AND THE ANWER HERE WITH US
The current banking and money system is pernicious, parasitic and unsustainable - doomed to collapse. The entire money-creation system must be nationalized. It's ownership must be transferred to the public. One good source of solutions can be found by reading "Web of Debt" by Ellen Brown. Search "money reform". Please re-watch part 8 of this series several times, until every word sinks in.
The cute thing about all this is that the 16th amendment was never properly ratified. Nor is the tax code mandatory. Try talking to any tax agent and ask them to point out the law in the constitution that allows them to tax your income. They wont be able to.
@TenderTrap86 I agree about what needs to be done, but the first step will have to be to teach the public how much the media lies and manipulates them, or they will continue to do so and derail any attempts to fix or change the system. If worse comes to worse for them, the media could still be used to fake another large terrorist attack, and I can guarantee that they won't be as sloppy as they were on 9/11 (check out septemberclues.info if you haven't seen the 9/11 inconsistencies yet).
Check out "The Century of the Self - Happiness Machines"... While it's hard to say what the relation between the money problem and the PR (the name "public relations" itself is a PR campaign for propaganda) problem is exactly, the can definitely exist independent of each other, and if we gain any ground on the money issue, the propaganda side will always be there to manipulate the masses into putting banks or something else into power. PR can NOT be ignored, or manipulation will remain.
Our owners have a pretty good grasp on what drives us. We think they don't, and that is really where they get their power over us. Consider this: if you want to persuade someone, is it more effective to present a factual argument, acknowledge its shortcomings, and engage in open debate? Or show little clips of your side interacting with random people, highlighting their happiness? Or to be the opposition, and bungle up that argument so much it discredits that entire side? Or to do it all?
The biggest issue here, more important than the money or the government, is the mass media and its social manipulation. The propaganda we're subjected to almost constantly has been extremely effective. The myth that a free society depends on a free market was started by a PR campaign in response to the New Deal. Propaganda appeals to what we really want, like happiness and security, and creates an irrational link between it and whatever idea it's trying to sell, be it political or commercial.
@Orlphar But, it's the bankers that provide the funds for mass market advertising and propaganda that dumbs our people down to slobbering fools who only care for the next pop icon of who's made it to the playoffs. First and foremeost, we have to get rid of the private central bankers who are the puppet masters and true enemies of humanity. Period. Throw out all the money changers and put harsh laws in place so new, would-be robber barons wouldn't dare try the same thing.
Great Video Series!!! "Fiat" money promoted here though and REAL money (GOLD) isn't given proper respect. The assertion "The power to CREATE money should not lie with the bankers but with the people (THE GOVERNMENT)" seems to be based on the collective view of government as provider. "Of course too much can't be created or it would render the money worthless" HAHA that extends some mighty faith to government, in regulating the value of money based on compassion for the value of the dollar.
The first words are "at present, money is being CREATED; not for the benefit of society, but for the profit of the banks" and it is a misnomer. Something must be sought after in order to have REAL intrinsic (lasting) value. Gold and Silver had to compete on the market (with other REAL things) as a medium of exchange, in order to receive it's chosen status. I find the temptation to CREATE digital money from nothing, far more MENACING than the temptation to create GOLD and SILVER from nothing!!!!
In order for money to SERVE the people, it must first be OWNED by the PEOPLE, NOT GOVERNMENT (The State). "Money" must COMPETE on the free market with other "money" in order for it to PROVE it's worth to the market (the people). The values of the people's GOODS are regulated by the market and must NEVER be mandated or regulated by OPPRESSIVE Government. The word MONEY signifies "medium of exchange", as this video cleverly points out.
This video describes digital "money" as being most valuable as a medium of exchange. In a free country, testing this theory would be quite easy. You would only need to CREATE govt made digital "money". Next, turn that government made digital "money" loose on the free market. The digital "money" would then compete against other types of "money" on the market. Real value can easily be determined this way. If the market (the people) award it the most value, the people will certainly accept use it.
Thank you for posting these videos. You have been an enormous inspiration in my thoughts and current point in life. I'll use this info to spread the word and raise consciousness.
Oh and i don't see any mention of technological unemployment, which i think is a major issue for any new money/labour based system. Even if such a system as he proposes came to be it would surely not solve the problem of human labour being replaced by machines.
I'm curious as to why the maker of these videos is so hellbent on using a monetary system at all. He kind of answers the problem without even noticing. Money is surely obsolete in a world where everything can be given in abundance through technology.
I see some people are opposed to the Venus Project on here but personally i think it's by far the best solution that i'm aware of. If anyone knows of any other alternatives i'll be more than happy to take a look into them.
I disagree that we need a new money system. We dont need any money system at all. It has helped us get what we have today but we have out-grown it as we have with the various governing systems through history. The only reason we cling to this outdated idea, is because we have been blinded by the centuries of social structures it has created. The worst of these is the idea that one person will always have more than another. If we must reinvent our system, why not introduce the best possible.
as a computer engineer i see the digital money solution not a so easy solution to the problem. To avoid counterfeiting in such a system a control for all internet users must be achieved first, so forget about your anonimity. It also means total informatization at every level, every little farmer kid must have a computer and be part of a system to be controlled.
adepsa 2 months ago
@adepsa i agree man i see credit card fraud increasing in my city like 100 people have been arrested in the last 2 years for credit card fraud ,can i bring up a single idea DIGITAL BARTER ,it works like real barter only it's digital and by suply and demand the exchange is made in an instant ,i don't know if we have the computing power right now but by moore's law every 1,5 years we double the power of our proccesors so it wouldn't take long to achive that ,crazy or doable? simple opinion.
io007a 2 months ago
The ultimate end of this series is totalitarian socialism. Do not be fooled. The banks may be bad, but government is far worse.
FrankiePoker 4 months ago
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Haha, you can see from the comments that they're with it completely until they find out it's a slightly left wing reformist idea, and they just denounce it as 'SOCIALISM' in a jerk of the knee, bit like creationists and evolution.
Coolguyrob2006 4 months ago
Haha, you can see from the comments that they're with it completely until they find out it's a slightly left wing reformist idea, and they just denounce it as 'SOCIALISM' in a jerk of the knee, bit like creationists and evolution.
Coolguyrob2006 4 months ago
When the last tree dies and the last river is poisoned and the last fish caught.. we will realize we can still go on preying on each other.
ShieldMaidenofBree 6 months ago
It had me till the last video. I don't think I can trust government to be our banker.
The Bible obviously saw this that is whay it had the following law.
Deuteronomy 15
Deuteronomy 15
Debts Canceled Every Seven Years 1 “At the end of every seven years you shall grant a release of debts. 2 And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother
pfnr37 6 months ago
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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 6 months ago
I'm amazed to not hear what I think would be the most direct and simple, if painful solution. It's easy: End fractional reserve banking. Problem solved.
ScionAscendant 7 months ago
Social Justice!?! like the first money as debt the first few episodes are cool, after that its leftist b.s.
dellwon 7 months ago
???
dellwon 7 months ago
@onecoolgreek - Unless you want to waste 5 minutes reading a load of drivel DO NOT google Grandizer Cash
ginganz13 8 months ago
This is too complex and can be summarized in 2 categories.
money can be based on the past (goods) or it can be based on future (promises)
it is common sense that promises are made to be broken, so any system based on promises is unsustainable. unless someone else forced to pay.
system based on past is absolutely stable but people don't want stability.
deltaxcd 8 months ago 4
I think that you should tell another people about this video. Don't let the mass media (manipulated by bankers) indoctrinate you with BS. Instead, contribute to making the change to be truly free.
jpl20000 9 months ago
ron paul for the win!!!! ron paul in 2012!!!
DataSerpent 9 months ago
My economy class didnt teach us this much, great video :)
LanakristyDesigner 9 months ago 10
I don't know who made these videos but thnanks.
A great series of excellent videos which have opened my eyes.
Central Banking in its current form cannot continue..its absurd.
we have to remove the power of money creation from the private banking cartel.
No alternative.
steve130853 10 months ago
So true, we are being lied and cheated by these scumbags banks...
bahrin23 11 months ago
how come they didnt talk about fractional reserve banking in this video because isnt that what makes more money then interest
L0ngB0ard99 11 months ago
What we have? Socialism with some very few freedoms and fake money. What we need? Capitalism!
manoman0 11 months ago
4:00+ socialism at its best
manoman0 11 months ago
Fantastic job!
zbret 1 year ago
Oh my god! I just went to the silversnowball website and the guy WON'T SHUT UP. But the prices are so LOW!!!!! I become tempted.
hudacheck 1 year ago
@hudacheck Make sure they are a legitimate before you spend your hard earned money I myself use APMEX.COM very legit and their prices are decent
Raul8Harvey8 1 year ago
And by the way, I bet most of the people here, despite their anarchist anti-authority rambles, have still taken out a loan without complaint. And what enables banks to do this? Credit creation.
axeld93 1 year ago
The only way to get rid of debt is to destroy the source of the debt. Come up with a plan to regain control of the money and launch nuclear weapons against the banking system and China. Take that Federal Reserve and Chinese President! If a debtor and all its connections are dead, the debt is wiped out of existence. However, there is another problem with this. The use of nuclear weapons will stir a lot of anger. Spending more on defense will probably not solve the problem.
MONOPOLY35 1 year ago
i love the system we have this episode needs to stfu. i buy stuff i cant afford all the time and its amazing to be able to do it. when the bubble bursts it will be exciting and we can start life over again from having nothing
JustinKennith 1 year ago
The one idea I am weary about is an all or almost digital monetary system! Why does encryption matter when human beings program those systems? If it is digital, then it can be manipulated! If a system is managed by human beings, then that system is vulnerable and will eventually be manipulated! People simply can not be trusted to do the right thing over the long term!
DemePoole 1 year ago
That idea suggested at the end of this series was Socialistic to say the least.
I could accept a system of that manner, if and if other form's of Currency were still accepted by law. To do otherwise would be to take people from the money slavery of the banker's, and put them into one created by Authoritative Government. Federal Government doesn't like to give up power.
Joe11Blue 1 year ago
@Joe11Blue So, you are against Socialism? If you are an American, then that must mean that you are against: Public Education, Social Security, Homeless Shelters, Public Welfare, et cetera, et cetera. I am American and it just KILLS me when other Americans start going off about Socialism and Communism when it is ALL AROUND us! LoL! If our society is TRULY Capitalistic, then it should be every person/business for his/her/its self! Just MHO! :-)
DemePoole 1 year ago
@DemePoole Yes, I am against the Federal Government being involved in all of that. So what? You really think your smart for stating that? You haven't done anything other than show how much of an Authoritarian you are.
We haven't had true Capitalism in over a 100 years.
Joe11Blue 1 year ago
@Joe11Blue Big word from a small mind.
axeld93 1 year ago
@axeld93 Aww how quaint, you tried to insult me, and failed at English. Congratulations, because some idiot on youtube hardly has the chance of hurting my feeling's.
Joe11Blue 1 year ago
@Joe11Blue Wasn't trying to. You threw that word into the ring as a kind of meaningless, nondescript buzz word, choosing to use it to seem smart, instead of coming up with a decent argument. Also, people who have a major problem with authority are usually quite immature. They don't realise that the needs of the group often supersede the needs of the individual, and that a governing power is necessary for this. Hence, big word, from a small mind. Comprendez?
axeld93 1 year ago
@axeld93 There was no need to have a decent argument with you. it would be an exercise in futility. Sort of like shooting some after they are already dead. In this case it would be proving some incorrect, when everyone can already see that.
Joe11Blue 1 year ago
@Joe11Blue Whatever you say bud.
axeld93 1 year ago
@DemePoole So because I ask a question (which you, curiously, did not answer) and express an opinion that makes me an "Authoritarian"? Kind of reminds me when ol' W said said that anyone who wasn't on his side is a "terrorist" if people wanted to question or express an opinion about the bogus terrorist attack on 09.11.2001. Oh, and do "You really think your smart for stating that?" LoL Should be "you're" and not "your", but what do I know? :-)
DemePoole 1 year ago
Socialist Crap with Carl Marx infront of the black board ....
TheDuckseason 1 year ago
Overall great movies, but Climate Change and Peak Oil are scams.
draggeddownthehole 1 year ago
@draggeddownthehole Peak oil may be a scam now I agree, but it will hapen sometime, It has to.
hippielettuce187 1 year ago
Very interesting series, and well put together. I suggest there may come a time when Governments will print their own money, but then that will be followed by a period of equal instability if you look at the track records of most Governments. Chances are something in between will finally bring the stability we are seeking, allbeit a century or two down the road.
UKSteveM100 1 year ago
@UKSteveM100
middle way is usually best way, moderation and all that, we've yet to see how direct financing would work - maybe with a better system of government it would do? We just need to experement more with this as dangerous as that can be.
unassumption 1 year ago
This series is half shining brilliance, half conspiracy bullshit. I wish it would ditch the "bankers are evil" crap - bankers are just people trying to make a buck by legal means, like all business owners. If it focused more on the sustainability issue - the fact that endless growth cannot be achieved with finite resources - then this video would attract less crazy conspiracy theorists and more sane and rational people.
axeld93 1 year ago
@axeld93
Is 1/2 truth better than nothing, or does it make it harder to see the shit from the trees? I love how so many return to right nutjobs like this hippie series, its like they only see the bankers part and not his nationalistic solutions some people even think this is pro gold standard somehow
unassumption 1 year ago
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@unassumption I don't know. People are stupid. It sucks.
axeld93 1 year ago
@axeld93 Well, bankers and other people in finance understand the system and can, therefore, manipulate the system. The same way an adult, who has more knowledge of the world, can easily manipulate a child, who has less knowledge of the world. Yet, because of so-called moral values, we look down on adults who manipulate children and make it against the law to do certain things to children.
DemePoole 1 year ago
@axeld93 I don't think bankers are evil, I think they are INGENIUS! They are simply taking advantage of people's GREED! If a person wants a brand new, shiny plasma television (made in China, of course) and are willing to go into debt because of it, that is not the banks fault. The bank is just providing the means to an end. And the bank still gets paid even when televison stops working in 1 to 3 years! INGENIUS!!! It is also not the banks fault people do not educate themselves. :-)
DemePoole 1 year ago
@axeld93 On second thought, does one really need to be a genius to take advantage of another persons ignorance? Hmmmm...
DemePoole 1 year ago
@axeld93 Oh! Not trolling here. :-) I just got to rambling there for a minute. My original intention was to only comment about bankers using "legal means", which is true! What they do is, basically, legal, but most people want to see it is as "wrong", because those are the people who do not take the time to read the fine print! People like that want to turn it into a "moral" issue, because they feel ripped off! Bankers are capitalists and that's what America is about! Right? :-)
DemePoole 1 year ago
@DemePoole Ramble all you want, you will still be smarter and more sane than most of the people who comment on this video.
I'm all for a good stream-of-consciousness mind dump :)
axeld93 1 year ago
@axeld93 Ha! LoL! Some people just have too much fluroide built up in their systems, it seems. :-) One solution to this whole mess is to just let SkyNet and the Machines (from the Matrix) take it over! Oh, and can't forget the super computer from Hitchhiker's Guide To the Galaxy! At least that way we know the answer will always be "42"! LoLoLoL! Too much Foldger's! LoL
DemePoole 1 year ago
@axeld93
Yep, they make money by "Legal Means". It was also once considered legal to own black people as slaves.
Legal does not mean rational, moral, efficient or good. I think it is entirely fair to tar the "bankers", as it were ,as immoral money suckers. If you do some research on the quotes presented in the film and who made them (often bankers), you will find there is not so much conspiracy as merely fact.
BarringtonDailey 1 year ago
@BarringtonDailey Bankers offer a service - people know what they are getting. Banking is like any other business - they have a profit margin, which by the way is good but not as good as some other businesses, and they also carry a fair amount of weight on their shoulders. Banks are tasked to take care of a massive amount of people's wealth. If they screw up, there can be enormous consequences.
By the way, I just going to say that it is ridiculous to use a generic term "banker". Who exactly
axeld93 1 year ago
@axeld93 Banking as it is nowadays used to be illegal for a reason.
Joe11Blue 1 year ago
@Joe11Blue Not believing in the Church's description of God also used to be illegal. It was also for a reason. But it wasn't a good reason.
axeld93 1 year ago
@axeld93 The Church was an evil institution from the beginning. One only need' to look at the their adoption of of offering's, and it's opulent building's to realize this.
Joe11Blue 1 year ago
@Joe11Blue I don't disagree with that. My point is that just because something used to be illegal means it should still be illegal.
axeld93 1 year ago
@axeld93 So you agree with Fractional reserve banking, and bank's creating money out of thin air?
Joe11Blue 1 year ago
@Joe11Blue As long as it is controlled and conservative, yes. Obviously the recent crisis suggests that the rules should be tightened up, but I don't think eliminating them is going to be this magical solution to solve the world's debt problems.
axeld93 1 year ago
@axeld93 See that's where the idea is misled. Fractional Reserve Banking is not Conservative by any mean's of the word. In fact it's quite the opposite.
The current crisis was perpetrated by Centralized Banking manipulating the Currency Supply. The whole system is rigged by design, and it's highly flawed in the way it monitor's itself. The policy of Inflation only is how you bankrupt nation's, not how you grow potential progress of Individual wealth.
Joe11Blue 1 year ago
@Joe11Blue I've actually already had this conversation with someone on another of these videos. We established that inflation in large amounts is definitely bad, but that inflation in small amounts is a good thing because it encourages people to spend rather than let their money be devalued, thus fuelling the economy. And please don't tell me I'm wrong, I've already been through this already...
Central Banking is not perfect. But for God's sake, there's no need to be so black and white. Even
axeld93 1 year ago
@axeld93 The problem is that you are wrong, and you are simply too biased to understand it. If you go back and look at the history of this country, our greatest period's of prosperity were during period's where the money was backed by something of worth, and we didn't have an outrageous national debt driven by exponential Inflation through a credit based system. Spending just for the sake of the economy does not make a nation wealthy, in reality it creates the same situation we have now.
Joe11Blue 1 year ago
@Joe11Blue though it goes wrong occasionally, it is a good system. There are shades of grey. Cars crash right? And people die. But nobody in the world has pushed to ban cars. Instead, you work on improving the current system, by adding seatbelts here. Same with Central Banking. End of story as far as I'm concerned unless you give me an intelligent insight which doesn't run along exactly the same lines as every anarchist on youtube (no offence intended).
axeld93 1 year ago
@axeld93 The Intelligent argument was made over a 100 years ago, it's your choice to actively ignore it. I can not force anyone to think otherwise, but I can say that our current situation was caused by the direct effect of Inflation only Policies without letting the market to self correct softly. When the crash becomes more and more prevalent, and it becomes undeniable that the system is deeply flawed the way it is, you will probably be singing a different tune.
Joe11Blue 1 year ago
@Joe11Blue Mate I'm not actually from the USA. I have no feelings towards its government, and no emotional connection to its past. I just see the facts as they are. So if anything I am far less biased than anyone from America possibly could be.
axeld93 1 year ago
@axeld93 See that's even funnier, because you think being a foreigner would make you less biased. Your own ignorance will be you downfall. Have a nice day?
Joe11Blue 1 year ago
@Joe11Blue Lol get over yourself. Typical American arrogance.
axeld93 1 year ago
@axeld93 Not arrogance, just common sense. Do yourself a favor, stay out of our country, and quit trying to convince us you know better than we do. Maybe if you look back and realize that without us, you'd be in a camp somewhere or learning German. We know what are doing here in the US. If we could keep idiot's like you away from our country we'd be better off. You guy's can live in your Brave New World, we want nothing to do with it.
Joe11Blue 1 year ago
@Joe11Blue Hahaha how ironic, I was just watching this video of Doug Stanhope on Nationalism: watch?v=gQEcMTSgg5w This is referring to EXACTLY the sort of talk that you just demonstrated.
axeld93 1 year ago
@axeld93 Funny story. I never told you how to run your country. I don't care what you guy's do over there. it has no bearing on me. Yet, you were here telling us that we were some inanely irritating Ad Hom because we live in the manner we choose to.
Enjoy your hypocrisy. I know I'm laughing at it.
Joe11Blue 1 year ago
@Joe11Blue Yea it is pretty funny considering he rips out almost the exact words that you used. Oh, so you run your country? I wasn't aware that me telling you anything would have anything bearing on how your country is run. I'm the one who is laughing buddy.
axeld93 1 year ago
@axeld93 You seem to missing something. Might I suggest you reading our Declaration of Independence, then moving on to our Constitution. Maybe those dusty braincells will start working properly, and you'll understand why the people of the US really do run the country. We have the largest standing military in the world within our own border's. Our Government is scared shitless of us. That's why they try to con us into everything.
Joe11Blue 11 months ago
@Joe11Blue Your nationalism is pathetic. My point was that you specifically speak as if you are the president. Get some perspective.
axeld93 11 months ago
@axeld93 Mine is pathetic? I'll let you know when your opinion matter's to me.
Had you read those Document's you would understand that the President is not above the people. In fact the way it's structured, he's serving us. Even if he seems to have forgotten this. He work's for the People. He's not a leader of anything except the Military. The term Civil Servant applies here.
Joe11Blue 11 months ago
@Joe11Blue how would you say you know what ur doing in the US after watching this are u fucked your whole country and the world is bassed off the same system that is oviously fucked up and isnt sustainable so wtf are you think when you say you know what ur doing
L0ngB0ard99 11 months ago
@L0ngB0ard99 The country is fine. It's the Federal Government that is screwed. The USA isn't the Federal Government, it's the people of the country itself. This isn't some defunct Feudal system that still bow's to a Monarchy. What we have is a few idiot's that think they can usurp the people and install a feudal system. They are failing as I type this.
Joe11Blue 11 months ago
@BarringtonDailey does the video mean by "bankers". Is the employees, who are commonly referred to as bankers, but probably have little investment or interest in the bank, other than as a source of wages? Is it the management team, who are in actual fact also employees, and while they may have a partial interest in the bank, did not actually start up the company? Is the board of directors, who have little place in the actual running of the company? Is the shareholders, often ma and pa types
axeld93 1 year ago
@BarringtonDailey directly, or through managed funds, who are just looking for a solid investment for their retirement? A bank is a system, a financial organism if you will, and to use an all-encompassing term "banker" for the individuals is silly in the least.
One final point: it is the government that sets the laws in place regarding the credit creation system. Can you blame people for taking advantage of this? Can you blame a father who buys a large SUV which, in a crash, will very likely
axeld93 1 year ago
@BarringtonDailey cause great damage to the other car, but will give his own family in the car greater protection? If the blame is anywhere, it should be on the government, not the banks. And again, the government is a complex system, with many people involved. It is not a single, malevolent, or benevolent, mind. But if people really cared, and really had a good case for abolishing credit creation, would they simply not vote in a government that does this? Not to say democracy is a perfect
axeld93 1 year ago
@BarringtonDailey system, but the responsibility is at least partly on the people who supposedly see this problem to attempt to make a change, rather than just throw around outlandish characterisations of evil banks and evil government in an anarchic, irrational, and ultimately pointless fashion.
axeld93 1 year ago
@axeld93 The word evil was never used once during all 8 segments. Yes, bankers are legal, he made that point. The lender and borrower were both analyzied, neither was labelled as evil. The conculsion was both parties are to blame.
His punch line was infact public and environmental benefit. Did you even watch this film?
Firstserger 1 year ago
@axeld93 It is his opinion of the conspiracy. All he is doing is explaining this system which at least 80%+ of us do not even know and he mixes it with a bit of his opinion. He gives us examples.
hudacheck 1 year ago
a public government bank should give out loans interest free to the people. that is one of the solutions. in conclusion it seems that any non-interest free money system will ultimately collapse.
fullfist 1 year ago
@fullfist
we've had this system for 400 years, same time was one of unprecedented growth. Connection? I'm not sure why people are scared of the oil that lubricated our ascent from the middle ages to modernity.
unassumption 1 year ago
@unassumption Rome had unprecidented growth of culture and architecture and trade right at the moment Cesar took the power from money changers, made money interest-free and plentiful by making it of cheap material and said " this coin be worth something because i say so" and suddenly everybody had coins to spend, this allowed the middle class to flourish..people loved Cesar... then Cesar was killed and it was back to the old system, back to murder of the middle class. i think it was liek that
fullfist 1 year ago
also watch videos about Cafr funds.
garden333 1 year ago
silversnowball? realy? selling silver coins? what the hell. nice way to get money guys. and the selling of dvd's too. so you love money too right? that's our only problem people they tought us to love money,
we are forever slaves of that need just try not to play their game and think by yourselves whats real important in life for each one of you, don't give power to conartists :)
oiblaxoi 1 year ago 2
In my opinion, the need of power over others is the real problem. Because money is a way to get power or better, "The only way", the money system became like that cause of the need of power, of ruling over others. The money system must be exluded from being a way to rule over others. Even if we make it digital or call it energy from the sun, as long as it stays a way of having more power, we will never make a money system that satisfies the principles of equality and freedom.
oiblaxoi 1 year ago
When global population stabilises in the next 300-500 years most of these problems will resolve themselves. The need for a money supply arises from uncertainties around the scarcity of resources. If there is a fixed global population and everyone settles into an average level of consumption the system becomes much more stable and predictable. Until then it seems pretty naive to assume that people will simply stop consuming or lending out of some sense of the greater good.
jimberkt 1 year ago
@jimberkt it won't happen out a sense of the greater good, it will happen because we hit a WALL of resource consumption. We are running out. Of EVERYTHING. There were huge ROCKS of pure copper when N. America was 'discovered'. Now we mine minerals that have .01% copper...And just when this is happening, we are ramping up consumption even more. The laws of man and politics are no match for the laws of physics. There will be a lot of pain for a lot of people if we don't change the system NOW.
Chrome585 1 year ago
@Chrome585 true but the copper that has been mined still exists in the world. It is the finite resources that will prevent the population going beyond a certain point. But no doubt there will be tremendous suffering over the next few centuries.
jimberkt 1 year ago
@jimberkt
unless we limit population growth...and fins some way to tame an aging population...
unassumption 1 year ago
@bobbecket
That's because you just payed back with a real-world thing.
Interests makes more promise-to-pay loans in addition to the already existing ones.
pl0x22 1 year ago
The present situation can only be remedied by complete neuclear war, soz and all that...
Spongeflux 1 year ago
How can we transition from the current banking system to a more sustainable monetary system? Wait for the economy to collapse entirely and then rebuild? I can't see how we can change the system without causing a collapse.
CanFire9 1 year ago
OK, I am sold on this argument. But all I have from this is joining a LETS SYSTEM. I need to know how I can oppose the dominant system, not just set up a non-monetary local lets system, where I swap my ability to cook for some other persons ability to do plumbing. This is too quaint, it does not FIGHT the larger problem. It is much like what hippies do or did. Creating a pseudo self-sustaining bubble. I really want to do something bigger, this video has shown the necessity of that.
mormor39 1 year ago
i have said this no 1 understands lmao. i have no debt . lots of stores ready guns ammo med supply is a must. this will all crash very soon ppl. I hope u r ready for whats about to hit . the fed put 600 000 000 000 more into this lie lmao wake up.Good luck all.
MrAnonymous2012 1 year ago
@madmankitchen
Join the Zeitgeist Movement,spread awareness,and remove yourself from the cyclical cycle. As in consume less and starve them out,we don't need 10 pairs of Nike,or any other junk.Unclutter your spending. Eat organic produce from your local farmers market, if you have a butcher nearby him too. Only feed the large corporate entities the bare minimum while challenging their very right to weild this control.Large scale demonstrations will be planned to show them we want an option.
99missingperson99 1 year ago
Only when we can truly appreciate each other as human beings with equal rights created by a higher authority than any individual human being poseses , will we not need to rely on an abstract idea of "money". We are the true value in life , not a piece of paper!
dynotuner 1 year ago
Something that is really weird --in the 2004 election cycle they changed the democrats color from red to blue and vice versa for the republicans. So if the movie Matrix came out again the pills and what the represent would be the opposite.
smartification1 1 year ago
This guy is very intelligent and I can't figure out how he can understand the system of money creation so well and not understand his own proposed solutions inherent shortcomings.Such as the same greed and wealth accumulation will be manipulated by those who will leave the banking cartels and join government because thats were the money will be.Remove the modes of control and manipulation all together.Join the Zeitgeist Movement and the Venus Project for sustainable solutions.
99missingperson99 1 year ago
@99missingperson99
So, you're saying I should put most of my faith in this guy's interpretation of the idea of the creation of money, its purpose, and the adherent problems associated. But, I should withhold most of my faith in his ideas of solution. Take his solutions with a grain of salt, in leyman terms? Sounds like every piece of information I've ever heard of.
ThorlikeSmash 1 year ago
@ThorlikeSmash
Im saying his solution will not work.Its founded in the same ideology of the one he seeks to replace.Objectively the desired goal should be to create a system of distribution were the circumstance of manipulation and abuse is not possible or at the very least not rewarded.
I dont suggest you place faith in anything.He's correct on the current money creation cycle as a fact, the evolution of it is debatable.
99missingperson99 1 year ago
Tyler Durden has not seen this.
digitt2 1 year ago
Digital currency is by far the most unintelligent thing we could do as a species. Consider an extended emergency power outage during winter or during times of crisis. Without a hard currency people will die, it's quite simple.
chocomalk 1 year ago
Digital Coin is not the answer. Anything that can be manipulated behind the scenes is not the answer.
libby2012 1 year ago
This has been flagged as spam show
What a great educational video. It is so important for Americans to understand how our debt-based monetary system works, before it collapses. In addition to these videos, I found "Why we are so much in debt" on YouTube to be helpful.
69vmac 1 year ago
@RACMEDIA yeah i have watched the Zeitgeist before man, itt really is some freakily likely to be holding many truths!
TheCrazyBarn 1 year ago
Book1a and TheCrazyBarn-you two are the only ones who get it!!! ...I'm not attacking anyone. It's just, money. is. the. problem.
CrysKnife77 1 year ago
Hasn't anyone come to the conclusion that we don't need money at all anymore!! That the monetary system is outdated and stifling! Monetary gain is the soul and root cause of poverty, crime, and war. It's set up on the basis of scarcity. We have all the resources and technology to create abundance for all. The monetary system is contrived scarcity creating control of the masses. I implore all to look into VENUS PROJECT and the creation of a RESOURCE BASED SOCIETY!!! It's clearly the way to go...
CrysKnife77 1 year ago
Sure, its easy to be critical of the current system, but the proposed solution is far worse. Have the government print money as needed??? This can only lead to fascism, black markets, and economic collapse. And, a return to a hard money system sounds appealing but it also has problems, I am not sure how it would work in a modern economy.
snopro54 1 year ago
The people who run the world are a few and because of their paranoia and destructive greed the brilliant theoretical ideas in this series of videos will never happen.
The only way we will inevitably endure radical change will be through the intervention of (most likely) war or massive natural disaster.
This is the only way forward. It has always worked this way and will never change. The human race is a corrupt form of cancer that will never heal itself.
Spongeflux 1 year ago
eh so just stop spending to people that were give contracts to someone they might not have?bascially it just leds to hyper inflation cause consumption cant meet demand ? ron paul woo hooo :D
mike121223 1 year ago
The only way any of this will work/be solved is to push the big red button and start over with what is left. Sorry.
r390radio 1 year ago
By that we are paying, not only the banks, but we are paying the taxes PLUS people that do NOT WORK.
pedrohqb 1 year ago
add to this "social" help, done mainly by the government, that you see the cicle being complete. Remember that what is being said here applies only for the developed countries. For Brazilian, for example, there is a program called "Bolsa Família", which objective is to give money for the population which does not have it. They do that in order to create that system which was shown here. But they don't produce anything; just consume, and by that little they borrow from the bank.
pedrohqb 1 year ago
We already are in a digital money age. All we have to do is give the control of money to the government, then the government can give free debit cards to the people and charge money to their cards.
doingear 1 year ago
The current system is based on the world being infinite, as that was what it was like centuries ago..however, as people have discovered, Earth has limited resources. Unless man keeps on finding new Earths at an expotential rate, this system is flawed.
fleeordie 1 year ago
Another point would be who created the money. Also money would still pull on resources as it does now.
Bigger change would have to take place. venus project does away with money and all benefit,
vigilance71 1 year ago
well, what else could bring diflation if it isn't P = P + I ?
TheUssr5 1 year ago
Money represents WHO WE ARE as natural i.e. non-spiritual beings. Our monetary system has grown as a logical consequence of this fact.
Unless we are able to CHANGE WHO WE ARE we cannot hope to change our monetary system in principle, no matter how much we may wish to. We would simply end up creating a worse tyranny.
Only Jesus Christ CAN CHANGE WHO WE ARE. HE is the SPIRITUAL SOLUTION to our dilemma. We are spiritual beings but our spirits are dead. Only He can raise us from the dead.
Jeremiah188 1 year ago
@Jeremiah188 Ancient Superstition is worse than Modern Madness. Burn witches elsewhere, please.
SomethingSea1 1 year ago
I agree with most of this presentation... One thing I would disagree on is the assertion that interest on loans is impossible in an honest money system. G. Edward Griffin, in, "The Creature From Jekyll Island", explains how interest on loans doesn't cause inflation. Look at it this way: I borrow your wheelbarrow, and agree to return it in 2 weeks, plus "interest" of me babysitting your kids for 3 nights. I just added value to the overall economy via the service I provided. Nothing was lost here.
bobbecket 1 year ago 4
@bobbecket
"G. Edward Griffin, in, "The Creature From Jekyll Island", explains how interest on loans doesn't cause inflation."
This wrong.
[money supply * money velocity = price * quantity]
[increase in money supply due to money demand to pay interest = annual interest paid / money velocity]
If annual interest paid compounds, there are two options. 1) money supply increases exponentially. 2) money velocity (i.e. turnover rate of funds) increases exponentially. 1 is more likely than 2.
kmarinas86 1 year ago
@bobbecket except your time and labour, unless you consider your time and labour worthless and the food you had to buy to give you the energy to exert that labour and stay alive over that time.
jimberkt 1 year ago
@bobbecket It seems that way, but because in your example you had to pay for a real world object with effort over and above the value of that object you have not only caused inflation, you also have the opportunity cost of over-spending on something that has become over-valued, where previously you could have had two wheelbarrows by now.
Any yes I realise I just wrote the longest sentence of all time :)
Maxhummad 1 year ago
@bobbecket
You must have missed the part about how the current monetary system requires endless economic growth and the part about how the world is finite in it's resources.
Steady economic growth is NOT sustainable, otherwise you'd be right. We would just keep expanding our economy at the rate of total interest payments.
This point was beaten into the ground in this video.
TheMetalPerson 1 year ago
@bobbecket your time was lost , time = money, money was lost.
tylerttinsley 1 year ago
@tylerttinsley *money was transfered
axeld93 1 year ago
@bobbecket Yea ok, but you returning the wheelbarrow is like taking the money back out of the supply which like the video just told you they don't do, so think of your little example as you keeping the wheelbarrow and tell me no one lost anything!
hippielettuce187 1 year ago
It seems like nationalizing the banks, as Canada has done, and using the interest profit as tax is the best idea.
Btw the only thing this video has made me want to do is to buy up bank stock. It seems like such an overwhelming and enormous problem that I feel helpless to do anything but stay with the system and profit from it.
rsfirestorm225 1 year ago
@rsfirestorm225, nationalizing the banks is a bad idea. It means that there are very few banks available, zero competition and a monopoly. I'm not sure if you're familiar with Bob Chapman or not, he explains this alot better than I can. He has his own youtube channel to listen to. Check him out!
delyparker777 1 year ago
@rsfirestorm225 "It seems like nationalizing the banks, as Canada has done"
Yeah, like Fannie and Freddie. What could go wrong?
" and using the interest profit as tax is the best idea"
The Fed turned over $45 billion to the Treasury last year from their interest.
jimmyrtle 1 year ago
@rsfirestorm225 instead of doing that, buy gold ounces with the money you've saved. in the end gold will determine value
zignationer 1 year ago
Comment removed
TheCrazyBarn 1 year ago
I am a 19 year old man, and I am capable of fully understanding everything each of these money as debt videos has to offer in knowlegde, why cannot a vast majority of this nation, actually better yet the WORLD understand these facts, why is it that everyone in the world is soo damn slow to realize something until things fail, why must people be such boneheads, if you are like me, please do share this video, and information in relation to it with everyone you know, be it in person or interenet!!!
TheCrazyBarn 1 year ago 20
@TheCrazyBarn I'm a 16 Year old with english as my second language and even I understand, I find bankers to be disgusting and I am not a person believing in set values which is ridiculous. Without money this society would be difficult to operate at the food production level, people would starve however if we lessen the use of money in the local and personal level by exchanging goods then there might be hope for a dual monetary system A material scarcity system and a product exchange system
kkonstantinosss2 1 year ago
@TheCrazyBarn The problem is "conditioning,the lack of education,and complacency!" People are brainwashed from a very young age that they need the all-mighty green to survive. Also our educational systems don't teach what is actually important to our survival as a species, breeding an American populous that's quite simply put "dumbed down." The Monetary system is completely outdated. It's time for something new. I believe a "Resource Based Society" would be far better!!!
CrysKnife77 1 year ago
@TheCrazyBarn zeitgeist addendum youtube search
RACMEDIA 1 year ago
@TheCrazyBarn well because they are brainwashed and eating their McDonalds and Watching American Idol.
likpit 1 year ago
@TheCrazyBarn
I'm young too. I'm 18 and I realize that in our youth we are more prone to revolutionary ideas as we have yet to be indoctrinated in the status-quo of society. I myself engineer solutions to certain injustices in the monetary system with two of my businesses. If you believe we are like-minded individuals then I will gladly explain what I and my associates are doing to level the playing field between civilian and commercial economies.
ParadoxPerspective 1 year ago
@TheCrazyBarn
Dunno - I've been sharing it everywhere and people either dont care, don't want to know or call it a conspiracy or lie.
People are idiots and thats why the bankers get away with it so brazenly.
psytrancedan 1 year ago
@psytrancedan Those who don't hear will suffer... let them not hear, because that means more stuff for me to get, they can hold all their worthless federal reserve bank notes, and i will hold my REAL MONEY (silver/gold etc)
cramsa 1 year ago
Banks are one thing, the other is technology. Right now around 97% of people, at least in U.S., have a job in providing a service. not a physical job of Agriculture or Manufacturing. It is potentially becoming as an exchange of services, not goods AND services.
Pendrokar 1 year ago
Yeah, the government should print "interest free" money. What could go wrong?
It worked for Mugabe. LOL!
jimmyrtle 1 year ago
I think it will take something terrible for things to get better.
tostrong4you 1 year ago
This has been flagged as spam show
HOW ABOUT THIS WE GO TO THE BANK YES WE AND THE BANK CREATE NEW MONEY WE GET £10.000.Say AND THE BANK GETS £10.000 SAY .ALL AT THE SAME TIME ON THE SAME DAY..NO ONE OWES..NO ONE..WE ALL GOT OUR MONEY..AS WE CREATED IT.SO THE old WAYS OF BANKING OUT OF Dated.ALL BANKS AM going uder.UK GOVERNMENTS AT TO BUY ALL THERES AND EU AND USA ....AM LIKE GREASE BANKRUPT NEARLY..ITS GOING TO BE A BIG WW3 THATS Y THERE WARS SOMETIMES TO START NEW WORLD ORDERS AND THE ANWER HERE WITH US
UTubePressOnline 1 year ago
"Money" simply doesn't work; doesn't metter how you rearrange it.
3goldy 1 year ago
How are banks suppose to make profit in this fantasy scenario?
b1gr1g 1 year ago
@b1gr1g why not charging for an operating fee per client, like a cellphone supplier? maybe no?
comidaparaperro 1 year ago
ain't that a bitch?
if money will be reformed my uncle will lose all he worked for ever since...
pure irony, isn't it?and all the people who put faith in him will lose, too...
and he is just ONE private banker...
reforming the system will result in chaos and an infamous money shortage...
nationalize the banking industry?
woah ain't that a shame! and tehre goes away the free market, say hello to communism!
ssi1991 1 year ago
@ssi1991 now to set things strait:
i don't have an uncle who works as a private banker but i wanted to show some thoughts from this point of view...
maybe right, maybe wrong but at least it is possible...
you can't divide the wirld into black and white just because of the fact that absolutely nothing ever will be white or black.
you might think something is good, others will think it is bad.
so what to do?
ssi1991 1 year ago
@ssi1991 all that can be done will be right AND wrong in some way.
if there exists something that is purely right in itself, it still has to be invented by an ingenious, non-human brain...
taht's the truth and we all have to live with it - or die...
ssi1991 1 year ago
The current banking and money system is pernicious, parasitic and unsustainable - doomed to collapse. The entire money-creation system must be nationalized. It's ownership must be transferred to the public. One good source of solutions can be found by reading "Web of Debt" by Ellen Brown. Search "money reform". Please re-watch part 8 of this series several times, until every word sinks in.
twobaud 1 year ago
The cute thing about all this is that the 16th amendment was never properly ratified. Nor is the tax code mandatory. Try talking to any tax agent and ask them to point out the law in the constitution that allows them to tax your income. They wont be able to.
Cstrife234 1 year ago 2
@TenderTrap86 I agree about what needs to be done, but the first step will have to be to teach the public how much the media lies and manipulates them, or they will continue to do so and derail any attempts to fix or change the system. If worse comes to worse for them, the media could still be used to fake another large terrorist attack, and I can guarantee that they won't be as sloppy as they were on 9/11 (check out septemberclues.info if you haven't seen the 9/11 inconsistencies yet).
Orlphar 1 year ago
Check out "The Century of the Self - Happiness Machines"... While it's hard to say what the relation between the money problem and the PR (the name "public relations" itself is a PR campaign for propaganda) problem is exactly, the can definitely exist independent of each other, and if we gain any ground on the money issue, the propaganda side will always be there to manipulate the masses into putting banks or something else into power. PR can NOT be ignored, or manipulation will remain.
Orlphar 1 year ago
Our owners have a pretty good grasp on what drives us. We think they don't, and that is really where they get their power over us. Consider this: if you want to persuade someone, is it more effective to present a factual argument, acknowledge its shortcomings, and engage in open debate? Or show little clips of your side interacting with random people, highlighting their happiness? Or to be the opposition, and bungle up that argument so much it discredits that entire side? Or to do it all?
Orlphar 1 year ago
The biggest issue here, more important than the money or the government, is the mass media and its social manipulation. The propaganda we're subjected to almost constantly has been extremely effective. The myth that a free society depends on a free market was started by a PR campaign in response to the New Deal. Propaganda appeals to what we really want, like happiness and security, and creates an irrational link between it and whatever idea it's trying to sell, be it political or commercial.
Orlphar 1 year ago
@Orlphar But, it's the bankers that provide the funds for mass market advertising and propaganda that dumbs our people down to slobbering fools who only care for the next pop icon of who's made it to the playoffs. First and foremeost, we have to get rid of the private central bankers who are the puppet masters and true enemies of humanity. Period. Throw out all the money changers and put harsh laws in place so new, would-be robber barons wouldn't dare try the same thing.
TenderTrap86 1 year ago
Great Video Series!!! "Fiat" money promoted here though and REAL money (GOLD) isn't given proper respect. The assertion "The power to CREATE money should not lie with the bankers but with the people (THE GOVERNMENT)" seems to be based on the collective view of government as provider. "Of course too much can't be created or it would render the money worthless" HAHA that extends some mighty faith to government, in regulating the value of money based on compassion for the value of the dollar.
66chevyo 1 year ago
The first words are "at present, money is being CREATED; not for the benefit of society, but for the profit of the banks" and it is a misnomer. Something must be sought after in order to have REAL intrinsic (lasting) value. Gold and Silver had to compete on the market (with other REAL things) as a medium of exchange, in order to receive it's chosen status. I find the temptation to CREATE digital money from nothing, far more MENACING than the temptation to create GOLD and SILVER from nothing!!!!
66chevyo 1 year ago
In order for money to SERVE the people, it must first be OWNED by the PEOPLE, NOT GOVERNMENT (The State). "Money" must COMPETE on the free market with other "money" in order for it to PROVE it's worth to the market (the people). The values of the people's GOODS are regulated by the market and must NEVER be mandated or regulated by OPPRESSIVE Government. The word MONEY signifies "medium of exchange", as this video cleverly points out.
66chevyo 1 year ago
This video describes digital "money" as being most valuable as a medium of exchange. In a free country, testing this theory would be quite easy. You would only need to CREATE govt made digital "money". Next, turn that government made digital "money" loose on the free market. The digital "money" would then compete against other types of "money" on the market. Real value can easily be determined this way. If the market (the people) award it the most value, the people will certainly accept use it.
66chevyo 1 year ago
I am awestruck that the same person offering this video on youtube is trying to hawk silver. real idiocy, or unreal hypocrisy?
walterm85 1 year ago
Thank you for posting these videos. You have been an enormous inspiration in my thoughts and current point in life. I'll use this info to spread the word and raise consciousness.
TonyBtheEG 1 year ago
Oh and i don't see any mention of technological unemployment, which i think is a major issue for any new money/labour based system. Even if such a system as he proposes came to be it would surely not solve the problem of human labour being replaced by machines.
r3s0n4t0r 1 year ago
I'm curious as to why the maker of these videos is so hellbent on using a monetary system at all. He kind of answers the problem without even noticing. Money is surely obsolete in a world where everything can be given in abundance through technology.
I see some people are opposed to the Venus Project on here but personally i think it's by far the best solution that i'm aware of. If anyone knows of any other alternatives i'll be more than happy to take a look into them.
r3s0n4t0r 1 year ago
venus project
konstantinosmei 1 year ago
I disagree that we need a new money system. We dont need any money system at all. It has helped us get what we have today but we have out-grown it as we have with the various governing systems through history. The only reason we cling to this outdated idea, is because we have been blinded by the centuries of social structures it has created. The worst of these is the idea that one person will always have more than another. If we must reinvent our system, why not introduce the best possible.
book1a 1 year ago 12