capitalism lets you make a living by doing no work. in some countries you work all day long for nothing. here you dont do anything and have money to spend all day long. stop hating on the system that gives you more than most of the world can ever dream. if you dont like banks dont keep your money there. if you dont like loans dont take them out.
@imrichyournot selfish much? would you still agree with the system if YOU were born in the "countries you work all day long for nothing" while others "make a living by doing no work"? Probably doesn't matter for you right coz u only give a shit about urself.
Ron Paul is pretty much our last hope. He is the only candidate that talks about these problems with our monetary system.
No other candidate believes in the need for REAL money. I haven't heard any other candidates even mention monetary policy. He is also the only candidate that wants to put an end to the Federal Reserve system.
@justatrey Yes they do; they're just not going to use those terms out in the open. Most conversations had by the authorities take place behind closed doors, because they're too politically incorrect to bring up in front of people. To get to the office Ron has, he had to stifle himself on some things, but he'll never be President talking the way he does. People only want to hear what they want to hear.
Most ominous thing about this? We humans created it and now it has taken control and is bigger than any one of us. Forget Skynet, we've been enslaved by our own economy! What to do? Play the game by the rules until the rules change? Is there another choice?
Money is a symbol exactly like the symbols were using right now to communicate, except within a bounded system (banks) which track and account for exchanges of these symbols.Money is not a thing~its a concept~an idea.That we've naively given away the farm to banks allowing them to issue us symbols for exchanging whats of real value~ is a signal perhaps like that of a predator to its prey.
MORAL OF THE STORY DO NOT SPEND BEYOND YOUR UNDERWEAR...VALUE YOUR FUCKING MONEY...IF YOU DONT HAVE I PHONE THATS NOT SHAME...BUT ITS SHAME WHEN YOU HAVE LATEST I PHONE WORTH 800 DOLLAR BUT DO NOT HAVE ONE HUNDREAD DOLLAR TO GIVE A FRIEND....
i dont get it, if banks make profit by counterfeiting they would run out of business. why is it that banks needed to be bailed out the past crises? Please explain. thanks
@101simar BECAUSE BANK FAILS TO HONOUR REQUESTED MONEY....IN THIS WHOLE SCENARIO IF ONE BANK CLOSED DOWN THAN ITS OBVIOUS THAT OTHERS BANK WILL FACE HUGE LOSES AND THEY WILL LOST VALUE IN THE MARKET SO TO AVOID THAT BANK ASKS FOR BAILOUT SO THE BANKING SYSTEM CAN CONTINUE..BANK DO NOT HAVE ANY RESERVE TO PROTECT LOSES IF BORROWER GOES BANKRUPT...THATS WHY THEY NEED BAILOUT BECAUSE THEY ARE LOOSING "REAL MONEY" IN TERMS OF KEEPING CASH FLOW...I HOPE THIS WILL HELP YOU
Without loans, the productive capabilities of our system are going to disappear. You need money to make money. If I want to start a bakery, I need money, and thanks to banks, they can lend me this money. Otherwise, I'd have to work and save for years and years. The bank makes profits because it takes risks. Once you start your bakery, you sell your good bread and you make money and repay your loan. What's wrong about that? It's just people making money, no devils or big conspiracies...
@wakold You don't understand how the fractional reserve system works. Watch 'Money as Debt' (the original video series), and also The Secret of Oz.
Banks make profits because they COUNTERFEIT billions of dollars of money every year.
"It's just people making money". No, it's a handful of people counterfeiting billions of dollars into existence and thus causing the devaluation of everybody else's dollars.
This is silly. Cash itself began as simply a promise of gold. Why does it matter that electronic funds are promises of cash? The money that the bank creates is exactly that. It's not some fake money.
And for all you anarchists saying FTBanks, banks are evil etc, I would like to see you survive without an interest-lending bank...
Havent you heard a fool multiplies words? Magic trick, maybe? but why explain it like a cbs special? I think it could be much more simply, and thoroughly put. something is missing here.
If banks make money from payments made on the loan before foreclosure, how can we assume that a foreclosure and subsequent resale is always a loss for the bank? Say the borrower pays back 100,000 of a 200,000 loan, then is foreclosed. The bank then sells the house again at $110,000. Isn't that a total of $10,000 profit? I'm confused on this part.
@ThorlikeSmash the bank's profit is 210,000 because 1.) bank created the money out of thin air [bank credit] 2.) the borrower paid back in real money. 3.) depending on who the bank sold the house for, that amount might be bank credit or actual money.
If this is the case, what was the housing bubble about? What was the need for the bailouts, and why, if they're making money, even on a loan in default, do the bankers claim a housing bubble like the one recently experienced could collapse the system?
@ThorlikeSmash The bailouts are usually for governments and cooperations only; when a bank issue a bailout, they are buying the borrower's debt. The borrower in return will turn in their assets as recoup. The housing bubble happens when housing prices can not sustain. [supply>demand]. When the prices are too high and there is no money source [buyers] to back it up, it will collapse.
@ThorlikeSmash it would only be a loss if the value of the house decreased and it also depends on when in time the foreclosure happened. if the person was almost done paying off the loan the bank would no doubt have made a lot of money.
@bammbamm12 lol have you ever tried to withdraw that much cash from your bank? That will try as hard as they can not to give you actual cash currency. They will ask if you can use a cheque, or a draft, anything to not have to actually withdraw the currency itself.
@bammbamm12 I didn't say they wouldn't let you, I have withdrawn large amount of cash too. I just said that they will try very hard to get you to talk some other form, like a draft.
@QuentinQuark ohhhh i get it...when she wants to buy something she uses a check or bank credit too...only small amounts of money ever leave the bank and are then deposited with other people and their accounts....money is all shuffled around to work....ahhhh
@bammbamm12 That's a loop hole, that seller earned that 10k from people takeing out loans to pay for the stuff they need. Or they earned it from another, wealthier (or equally wealthy) seller.
@bammbamm12 yeh that's what i was saying...but the bank should already have that 10,000 on hand from it's amount of startup cash plus the money taken from other people investing money in the bank. as long as everyone doesn't withdraw their money at once this would work...i think. But still not exactly sure...wish this video would explain this part. WHAT happens when she withdraws money...
@prede89 - I think they never trace the passage of money from start to finish. It usually ends up in the ether, amidst the balance sheets of a thousand banks that all have multiple accounting transactions between each other. This may be true - but it doesn't disappear - someone has to pay.
@GardDawgy, I think listening to Bob Chapman, Gerald Celente and Max Keiser would help you better understand this. They each have their own youtube channe. Check them out! I listen to all 3 of them. Hope this helps!
@jimmyrtle Sigh...Jimmyrtle. This is a big subject that affects everyone. You can't tell me you expect your tiny comment vaguely accusing the video maker of "lying" to measure up to against the film that, IF telling lies, are telling an hour's worth of SPECIFIC lies.
People won't take you seriously
How above proving even just one little lie with evidence? With Data? With Statistics? How about a link to a copy of the "real" laws surrounding banking?
Start with "fraudulently pledging a car". Do you really think that when you buy a car, you are commiting fraud? That the bank is committing fraud?
If you watch more of this silly video, they blame banks for charging interest and then they say that the money supply increase doesn't include interest, so if the bank doesn't spend all the interest back into circulation, we're doomed.
And what's the alternative? Gold standard? We had fractional reserve lending there too.
@jimmyrtle you haven't understood it properly. He doesn't blame the banks for not paying back full interest, he says it's impossible for them to pay full interest back into the system (due to reality, and inevitable malinvestments), and so the assurances form modern economists that the system is sustainable is false. Even if they did pay back full interest the money supply constantly expands anyway. He makes that clear. I'm sure he means fraud ethically, not legally.
@jimmyrtle So you don't understand what I wrote but you call it silly? Weird. You basically presented a strawman (wether you know it or not) rewatch the documentary and you'll realize.
@jimmyrtle you don't even know what I mean by full interest. What I mean is the interest repaid. Some of the banks profits go into the derivatives market (basically gambling) or malinvestment, so is often lost, so no it isn't 100%. Even if it was the money supply would still have to grow exponetially because the interest is never created when the loan is.
@jimmyrtle The banking system works as one bank, they only create through Accounting journal entry the required funds. It only becomes a problem if the sell withdrawls the full amount in physical Cash.
@jimmyrtle if they deposit the check in another bank it doesn't matter much since it is a closed loop...eventually it gets around again to the original bank, since there is no where else to go
So in order to bankrupt the bank, as soon as the promise exchanges from borrower bank to the seller bank, the seller needs to take out all the cash. Assuming borrower and seller are not using the same bank.
@dantheman1507 Actually: if the bank goes bankfrupt, you don't have to pay back anything. You're lucky and you get away with whatever you purchased, and most likely don't have to pay it back.
@CyclePat Untrue. The loan is transferred to the bankruptcy receivers. Loan ownership is generally transferred many times during the life of a loan through the discounting process.
@Zoolevation are you saying this is stupid or that this needs to have wayyyyyy more lol never mind your being sarcastic ok got it,... sorry i was just watching catflushing a toilet for 2 hours straight, whats all this bank talk? this is dumb... oooo jersey shore!
@Zoolevation Gummy Bear song is wildly popular and it has over 1,000x and many views as this. I like the gummy bear song, but how insane is it that very few people have ever seen this? Fortunately, I betcha I can get my non-Keynesian economics professor to watch this sometime!
In actual fact the big banks risk nothing because we just bail them out with MORE of our pledged hard earned tax dollars. Our great great great grandchildren will still be paying for our latest stupidity.
This is great should be shown in schools but guess what it won't be cause the system needs to create debt!!! Crazy i've already shown my son this and he understands it completely. He now knows that its better to walk around in cheap clothes than to look good and have nothing in your pocket! Spread the word and stop this system of debt!!
I followed up to the end of part one but I am getting lost here. Shame I can't ask the guy questions when it gets confusing...Would love to have a clear understanding of this...
IT IS COMPLEX; there is no need to berate people. It is why the maker of the film put that quote at the beginning ("money is meant to be confusing"). In fact, I think that is the biggest thing to take from this film: money is so complex--and it's meant to be that way!
since u dun get it.. take out another loan then .. heheh since it doesnt exist anyway.. enjoy!! then declare bankrupt...! take out all the loans u need... buy tangible things like art and gold.. then run! get it?
@wybo2 Yes, they do so in exchange for money, that really doesn't exist.
If the banks who issue the promisary notes collapse, meaning money is worthless; then who's going to work to grow, process and distribute food to everywhere it needs to go for free?
If money collapses, unless you have something to barter your out of luck, cause no ones going to do anything for your pieces of paper any more.
Investing in "skills" and material "assets" is what you need to do. Never watched a zombie movie? They want the dude who can fix the machines, forage for materials, can fight well, or at least has a strong back. Not the yuppie banker who used to have $5,000,000 on paper and now can use those statements as latrine paper.
It may be a legal obligation but what happens when there is a default in payment? You end up with a situation where the bank collapses, and the individuals who have loaned the bank money suffer. Those who owe the bank are chased for their debt, which may be on sold for collection by someone else, but the debt from the bank to the individual dies with the death of the bank. Once the bank has gone there is no obligation for them to pay you in return.
'In truth it's just numbers, but the banks must adhere to the dictates of these numbers.' Then, it isn't just numbers at all. It's a legal obligation, which, although it doesn't exist in a materialistic sense, is something enforceable. And enforcement trickles down to material consequences.
If a bank does not want to go bankrupt when there are mass loan defaults, then banks should only be lending for people to purchase things that will go up in value. As we have seen with real estate, nothing is guaranteed to go up in value. In fact, I would say more things are guaranteed to go down in value like cars and consumer discretionary (i.e. junk). The worst part is that more and more debt is used to finance the purchases of junk.
You're right. It is now near self-destructing. But the banks have a plan to save it by making you their indentured servant, or debt slave. The new world economic order is being forged by the banking system.
the breakdown of the banking system hurts the working and middle classes who hold the fiat currency. the bankers and their favored clients (governments) are bailed out by continually printing fiat currency... until the currency is no longer acceptable and is completely worthless (see Zimbabwe).
It's been good to be a banker over the last few centuries, but I've got a feeling thats gunna change here pretty soon when the wrath of God falls upon them
Great video but what I do not understand is this... They say no money exists in a sense because just entries are made etc...So in the example of the lady selling the car...What is instead she had cashed the check as many do instead of depositing it to a bank? Is it because this is less the case? Because in that case money/cash is removed physically.
What is use of bank which can't give a loan? everyone can give as much cash as they have... I don't want to deal with bank which don't care about its best interest.
You didnt get it. It can give loans, but their sum cant exceed the amount of cash the bank has, because then it is creating money it doesnt have, it is something they can do now. And it isnt even the whole picture, the video goes beyond that.
Let me understand: your institution will give away money, which it possess...It don't make any sense for me. Instead creating bank You can start giving credits today. I wouldn't call it bank loan.
Sorry, your english is bad. Bank loan = loan given by bank.
Imagine the total deposits on a bank is 100$. So it owes 100$ to its clients. Now comes a person and asks for 20$ loan. And it's approved. All seems normal.
Except the bank now owes 120$, and it only has 100$ cash.
So if the person and all the clients decide to withdraw their money (100$+20$) at the same time the bank would not be able to pay. Because it only has 100$. It created 20$ out of thin air.
Why doesn't the Banks buy the car and then sell it to me. It would seem to be the same transaction if done the way they do it now.
Yet it is not because the only value there is is your signature. The banks are basicly charging you intrest to secure the loan. They are no differnet then insurance companies which is another big ripoff.
To "secure" something means to account for it in the financial system and to to be able to establish a "lien" on it.
A lien is a security interest to secure the payment of taxes, levies or other encumbrances, lest the secured thing be seized.
Now, we all operate in commerce behind a corporate-entity called an "artificial person". This is really a corporate-entity with accounts to which "charges" can be accrued.
If your name is Joe Blogg, your Artificial Person name is JOE BLOGG.
It is your Artificial Person (constructed corporate-entity) with accounts that has to be operated according to the Codes, Rules and Regulations and have its accounts settled accordingly (by "discharge" or "set off").
As such, it is this Artificial Person, and not the real human being through his/her natural person, that must pay Corporate (Income) Tax.
Thank you for the video... I didn't know banking was actually a scam.. Why didn't anyone tell me this? Why don't I learn this kind of things in schools? They taught me nothing.
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
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Nice video. On my channel you'll find other very interesting videos
MrBecomingRich 2 weeks ago
capitalism lets you make a living by doing no work. in some countries you work all day long for nothing. here you dont do anything and have money to spend all day long. stop hating on the system that gives you more than most of the world can ever dream. if you dont like banks dont keep your money there. if you dont like loans dont take them out.
imrichyournot 5 months ago
@imrichyournot selfish much? would you still agree with the system if YOU were born in the "countries you work all day long for nothing" while others "make a living by doing no work"? Probably doesn't matter for you right coz u only give a shit about urself.
and2m1ke 4 months ago
@and2m1ke i wouldn't agree but why would i go against a system that is to my benifit. and i do give a shit about a few others :-)
imrichyournot 4 months ago
Ron Paul is pretty much our last hope. He is the only candidate that talks about these problems with our monetary system.
No other candidate believes in the need for REAL money. I haven't heard any other candidates even mention monetary policy. He is also the only candidate that wants to put an end to the Federal Reserve system.
justatrey 5 months ago
@justatrey Yes they do; they're just not going to use those terms out in the open. Most conversations had by the authorities take place behind closed doors, because they're too politically incorrect to bring up in front of people. To get to the office Ron has, he had to stifle himself on some things, but he'll never be President talking the way he does. People only want to hear what they want to hear.
ion010101 4 months ago in playlist Money as Debt II Promises Unleashed
This should be shown in every school and college in the world.
FULLMETALSPUDDY 5 months ago
@FULLMETALSPUDDY I agree
apolllos7 5 months ago
whats "interest"??
Whats "credit"??
Whats a "loan"??
and how they work with a "bank"?
Can anyone help me understand what this means? Im confused
KripDrip 8 months ago
That's it, I'm opening a bank.
RoniCMaster 8 months ago
please make a donation or something to the makers of this, even like $1 or £1 or 50p or 50c thank you
p.s help em to help us
freeminded4ever 8 months ago
2;30 It's so bad all you can do is laugh and cry at the same time!
nocternalD 8 months ago
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hey sweet video! you should check this video out /watch?v=9mokamd5k5g
EvelinLead 9 months ago
legit way to make extra cash online /watch?v=BMPhsRN19Ms
RolfBanwar 9 months ago
9 people work at a bank and fear...
BoudieBatsnikov 10 months ago
Most ominous thing about this? We humans created it and now it has taken control and is bigger than any one of us. Forget Skynet, we've been enslaved by our own economy! What to do? Play the game by the rules until the rules change? Is there another choice?
jkirchman79 10 months ago
@jkirchman79
Yes..The Venus Project, im not saying it's perfect and will fix everything but it's better than ^
blackravager 10 months ago
@jkirchman79 the elite own everything, its not our system, like everything its theirs, look into Michael Tsarion, david wilcock etc......
freeminded4ever 8 months ago
A signal for humanity to become conscious of the hidden economic game in which we all live in and to create one worth living in.
summondadrummin 10 months ago
Money is a symbol exactly like the symbols were using right now to communicate, except within a bounded system (banks) which track and account for exchanges of these symbols.Money is not a thing~its a concept~an idea.That we've naively given away the farm to banks allowing them to issue us symbols for exchanging whats of real value~ is a signal perhaps like that of a predator to its prey.
summondadrummin 10 months ago
MORAL OF THE STORY DO NOT SPEND BEYOND YOUR UNDERWEAR...VALUE YOUR FUCKING MONEY...IF YOU DONT HAVE I PHONE THATS NOT SHAME...BUT ITS SHAME WHEN YOU HAVE LATEST I PHONE WORTH 800 DOLLAR BUT DO NOT HAVE ONE HUNDREAD DOLLAR TO GIVE A FRIEND....
rockingnandpatel 11 months ago
i dont get it, if banks make profit by counterfeiting they would run out of business. why is it that banks needed to be bailed out the past crises? Please explain. thanks
101simar 11 months ago
@101simar BECAUSE BANK FAILS TO HONOUR REQUESTED MONEY....IN THIS WHOLE SCENARIO IF ONE BANK CLOSED DOWN THAN ITS OBVIOUS THAT OTHERS BANK WILL FACE HUGE LOSES AND THEY WILL LOST VALUE IN THE MARKET SO TO AVOID THAT BANK ASKS FOR BAILOUT SO THE BANKING SYSTEM CAN CONTINUE..BANK DO NOT HAVE ANY RESERVE TO PROTECT LOSES IF BORROWER GOES BANKRUPT...THATS WHY THEY NEED BAILOUT BECAUSE THEY ARE LOOSING "REAL MONEY" IN TERMS OF KEEPING CASH FLOW...I HOPE THIS WILL HELP YOU
rockingnandpatel 11 months ago
"Banks make profits because they COUNTERFEIT billions of dollars of money every year"
If banks could do that they'd make money every year, never go out of business and never need to be rescued. Your claim is obviously false.
jimmyrtle 1 year ago
Without loans, the productive capabilities of our system are going to disappear. You need money to make money. If I want to start a bakery, I need money, and thanks to banks, they can lend me this money. Otherwise, I'd have to work and save for years and years. The bank makes profits because it takes risks. Once you start your bakery, you sell your good bread and you make money and repay your loan. What's wrong about that? It's just people making money, no devils or big conspiracies...
wakold 1 year ago
@wakold You don't understand how the fractional reserve system works. Watch 'Money as Debt' (the original video series), and also The Secret of Oz.
Banks make profits because they COUNTERFEIT billions of dollars of money every year.
"It's just people making money". No, it's a handful of people counterfeiting billions of dollars into existence and thus causing the devaluation of everybody else's dollars.
packoftwenty 1 year ago
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@packoftwenty
"Banks make profits because they COUNTERFEIT billions of dollars of money every year"
No they don't.
jimmyrtle 1 year ago
This is silly. Cash itself began as simply a promise of gold. Why does it matter that electronic funds are promises of cash? The money that the bank creates is exactly that. It's not some fake money.
And for all you anarchists saying FTBanks, banks are evil etc, I would like to see you survive without an interest-lending bank...
axeld93 1 year ago
Havent you heard a fool multiplies words? Magic trick, maybe? but why explain it like a cbs special? I think it could be much more simply, and thoroughly put. something is missing here.
2thejuhles 1 year ago
I stille don't get this!! it is confusing idk maybe i am slow! lol
HANA3364 1 year ago
@HANA3364 @HANA3364 type in khanacademy in the tube search and look for the banking vids. theyll help immensly on understanding all of this :)
VoltarMetalClear 1 year ago
@HANA3364 yeah me too just re watch it and payattention more
Bluedash3r 1 year ago
If banks make money from payments made on the loan before foreclosure, how can we assume that a foreclosure and subsequent resale is always a loss for the bank? Say the borrower pays back 100,000 of a 200,000 loan, then is foreclosed. The bank then sells the house again at $110,000. Isn't that a total of $10,000 profit? I'm confused on this part.
ThorlikeSmash 1 year ago
It's simple, you're presuming that 1) the borrower paid back any part of the loan and 2) the bank can find a buyer to actually sell the home to.
As dreadfully simple as the banking system comes down to being, the same can't be said for all parts of life.
GSNRecords 1 year ago
@ThorlikeSmash the bank's profit is 210,000 because 1.) bank created the money out of thin air [bank credit] 2.) the borrower paid back in real money. 3.) depending on who the bank sold the house for, that amount might be bank credit or actual money.
cadhk 1 year ago
@cadhk
If this is the case, what was the housing bubble about? What was the need for the bailouts, and why, if they're making money, even on a loan in default, do the bankers claim a housing bubble like the one recently experienced could collapse the system?
ThorlikeSmash 1 year ago
@ThorlikeSmash The bailouts are usually for governments and cooperations only; when a bank issue a bailout, they are buying the borrower's debt. The borrower in return will turn in their assets as recoup. The housing bubble happens when housing prices can not sustain. [supply>demand]. When the prices are too high and there is no money source [buyers] to back it up, it will collapse.
cadhk 1 year ago
@cadhk and how do you explain lender mortgage insurance?
Orical001 1 year ago
@ThorlikeSmash it would only be a loss if the value of the house decreased and it also depends on when in time the foreclosure happened. if the person was almost done paying off the loan the bank would no doubt have made a lot of money.
prede89 1 year ago
Wait a minute. The seller now has 10k in her account. She can withdraw the cash and spend it. At that point the bank has to produce the money.
bammbamm12 1 year ago
@bammbamm12 lol have you ever tried to withdraw that much cash from your bank? That will try as hard as they can not to give you actual cash currency. They will ask if you can use a cheque, or a draft, anything to not have to actually withdraw the currency itself.
QuentinQuark 1 year ago
@QuentinQuark - Yes, I have withdrawn that amount. Never had a problem.
bammbamm12 1 year ago
@bammbamm12 I didn't say they wouldn't let you, I have withdrawn large amount of cash too. I just said that they will try very hard to get you to talk some other form, like a draft.
QuentinQuark 1 year ago
@QuentinQuark - nope - they just give me the money. Never tried to talk me out of it.
bammbamm12 1 year ago
@QuentinQuark ohhhh i get it...when she wants to buy something she uses a check or bank credit too...only small amounts of money ever leave the bank and are then deposited with other people and their accounts....money is all shuffled around to work....ahhhh
prede89 1 year ago
@bammbamm12 That's a loop hole, that seller earned that 10k from people takeing out loans to pay for the stuff they need. Or they earned it from another, wealthier (or equally wealthy) seller.
necridos 1 year ago
@bammbamm12 yeh that's what i was saying...but the bank should already have that 10,000 on hand from it's amount of startup cash plus the money taken from other people investing money in the bank. as long as everyone doesn't withdraw their money at once this would work...i think. But still not exactly sure...wish this video would explain this part. WHAT happens when she withdraws money...
prede89 1 year ago
@prede89 - I think they never trace the passage of money from start to finish. It usually ends up in the ether, amidst the balance sheets of a thousand banks that all have multiple accounting transactions between each other. This may be true - but it doesn't disappear - someone has to pay.
bammbamm12 1 year ago
when this system doesn't existed, we doesn't have a economy, technology etc ......
Northstrar1 1 year ago
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everyone needs to take all their money out of corporate banks. see what happens.
rawrletsgo 1 year ago
Im having a hard time understanding this but i really want to understand! Its seems so complicated for me.
GardDawgy 1 year ago
@GardDawgy, I think listening to Bob Chapman, Gerald Celente and Max Keiser would help you better understand this. They each have their own youtube channe. Check them out! I listen to all 3 of them. Hope this helps!
delyparker777 1 year ago
@GardDawgy If you still want to understand this send me a PM, I can break it down for you.
LuqmanNaq 1 year ago
Solution= Islamic banking!
Islamic banks buy the car & sell it to you not the other way around!
thecake90 1 year ago
5:58 perhaps......LOL!
Yeah, bitch, you just ruined your whole video by telling the truth and then you go and start lying again.
jimmyrtle 1 year ago
@jimmyrtle Sigh...Jimmyrtle. This is a big subject that affects everyone. You can't tell me you expect your tiny comment vaguely accusing the video maker of "lying" to measure up to against the film that, IF telling lies, are telling an hour's worth of SPECIFIC lies.
People won't take you seriously
How above proving even just one little lie with evidence? With Data? With Statistics? How about a link to a copy of the "real" laws surrounding banking?
A little professionalism goes a long way.
Titan360 1 year ago
@Titan360
Start with "fraudulently pledging a car". Do you really think that when you buy a car, you are commiting fraud? That the bank is committing fraud?
If you watch more of this silly video, they blame banks for charging interest and then they say that the money supply increase doesn't include interest, so if the bank doesn't spend all the interest back into circulation, we're doomed.
And what's the alternative? Gold standard? We had fractional reserve lending there too.
jimmyrtle 1 year ago
@jimmyrtle you haven't understood it properly. He doesn't blame the banks for not paying back full interest, he says it's impossible for them to pay full interest back into the system (due to reality, and inevitable malinvestments), and so the assurances form modern economists that the system is sustainable is false. Even if they did pay back full interest the money supply constantly expands anyway. He makes that clear. I'm sure he means fraud ethically, not legally.
LuqmanNaq 1 year ago
@LuqmanNaq
Impossible to pay full interest (whatever that means)? How silly.
jimmyrtle 1 year ago
@jimmyrtle So you don't understand what I wrote but you call it silly? Weird. You basically presented a strawman (wether you know it or not) rewatch the documentary and you'll realize.
LuqmanNaq 1 year ago
@LuqmanNaq
Banks pay "full interest" all the time.
The documentary is a joke.
There is no fraud when you buy a car with a loan.
jimmyrtle 1 year ago
@jimmyrtle you don't even know what I mean by full interest. What I mean is the interest repaid. Some of the banks profits go into the derivatives market (basically gambling) or malinvestment, so is often lost, so no it isn't 100%. Even if it was the money supply would still have to grow exponetially because the interest is never created when the loan is.
LuqmanNaq 1 year ago
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@LuqmanNaq
"Some of the banks profits go into the derivatives market (basically gambling)"
Since derivatives are zero sum, so what?
"or malinvestment, so is often lost"
Lost to who? And again, so what?
"Even if it was the money supply would still have to grow exponetially because the interest is never created when the loan is"
Interest doesn't disappear when it's paid, whether to a bank or the Fed or a bond holder.
jimmyrtle 1 year ago 5
Fraudulently pledging a car? This video cracks me up.
The bank needs real money, just in case the car seller doesn't leave the cash in the same bank.
Kinda ruins the whole breathless scheme, when you use logic.
Look, evil bankers. LOL!
jimmyrtle 1 year ago
@jimmyrtle The banking system works as one bank, they only create through Accounting journal entry the required funds. It only becomes a problem if the sell withdrawls the full amount in physical Cash.
Psycolynch 1 year ago
@Psycolynch
" It only becomes a problem if the sell withdrawls the full amount in physical Cash"
Or if they deposit the check in a different bank.
jimmyrtle 1 year ago
@jimmyrtle if they deposit the check in another bank it doesn't matter much since it is a closed loop...eventually it gets around again to the original bank, since there is no where else to go
prede89 1 year ago
@prede89
" ...eventually it gets around again to the original bank, since there is no where else to go"
Auditors won't let banks bounce checks with the idea that eventually they'll get some money back to make the check good.
jimmyrtle 1 year ago
Glad to see a reference to Hokusai in this video. The economical reasoning in this series is still flaud as hell however.
bobalot120 1 year ago
So in order to bankrupt the bank, as soon as the promise exchanges from borrower bank to the seller bank, the seller needs to take out all the cash. Assuming borrower and seller are not using the same bank.
shiftstart 1 year ago
Watch all the videos by Paul Grignon. They will open your eyes to the biggest criminal industry on earth. Liken it to a super-complex "Ponzi Scheme".
twobaud 1 year ago
now i understand what banking is, so im a victim, i have bank account... :/
kitsilog 1 year ago
@kitsilog
you're not... you're a victim if the bank goes bankrupt
dantheman1507 1 year ago
@dantheman1507 Actually: if the bank goes bankfrupt, you don't have to pay back anything. You're lucky and you get away with whatever you purchased, and most likely don't have to pay it back.
CyclePat 1 year ago
@CyclePat Untrue. The loan is transferred to the bankruptcy receivers. Loan ownership is generally transferred many times during the life of a loan through the discounting process.
twobaud 1 year ago
@kitsilog, PAPER MONEY=TOILET PAPER!! Enough said!
delyparker777 1 year ago
The most stupidest video's on YouTube have millions of views and the most interesting videos is not even have a percent of that .
Zoolevation 1 year ago 60
@Zoolevation that reflects the intelligence of the society
Krampfarsch 1 year ago
@Zoolevation are you saying this is stupid or that this needs to have wayyyyyy more lol never mind your being sarcastic ok got it,... sorry i was just watching catflushing a toilet for 2 hours straight, whats all this bank talk? this is dumb... oooo jersey shore!
kingplatoedwinkaku 1 year ago
@Zoolevation hours and hours and hours of this and zeitgeist..... brain fart
kingplatoedwinkaku 1 year ago
@Zoolevation You cant even say 'interesting'... you have to say most 'important'
hookjlife 8 months ago
@Zoolevation Gummy Bear song is wildly popular and it has over 1,000x and many views as this. I like the gummy bear song, but how insane is it that very few people have ever seen this? Fortunately, I betcha I can get my non-Keynesian economics professor to watch this sometime!
MONOPOLY35 3 months ago in playlist Federal Reserve
Now that is a MAGIC TRICK.
etinkake1 1 year ago 6
They should change the title of these movies\videos to something like "how to get rich in 5 easy steps." just to get more hits....
This is really mandatory stuff, imho.
LiNKfreeK 1 year ago
@LiNKfreeK If you like this get the book 'why and economy grows and why it crashes by Peter Schiff, and the documentary Collapse.
LuqmanNaq 1 year ago
and of course the word mortgage means literally --- Death pledge ---- nice....... what i always wanted
csierzchula 1 year ago
OMG! This video is INCREDIBLE! I love the "promise to buy the car" thing. It really opened my eyes (and I work for a bank)!
landongendur 1 year ago 8
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Hichemcj 1 year ago
In actual fact the big banks risk nothing because we just bail them out with MORE of our pledged hard earned tax dollars. Our great great great grandchildren will still be paying for our latest stupidity.
luvmyctd 1 year ago 3
These should be mandatory viewing in high school classes. Especially for the faculty who are getting laid off.
SLOnative 1 year ago 5
the borrower will become the slave of the lender
TimereNihil 1 year ago 3
It`s impressive how few people have watched these videos!!!
Thesunalwaysshines1 1 year ago 42
where can i get dvd's of this series?
jwallbanger 2 years ago 2
This is great should be shown in schools but guess what it won't be cause the system needs to create debt!!! Crazy i've already shown my son this and he understands it completely. He now knows that its better to walk around in cheap clothes than to look good and have nothing in your pocket! Spread the word and stop this system of debt!!
thunderstorm36 2 years ago 5
wow....
accounting rules + scam = banking system.
thats fucked up!
poosungee 2 years ago
This has been flagged as spam show
this really worked for me. I just paid a few bucks for shipping and they sent me a free cd. you can look at my profile or the address.
H27282463
muchodinero08 2 years ago
I followed up to the end of part one but I am getting lost here. Shame I can't ask the guy questions when it gets confusing...Would love to have a clear understanding of this...
matt301273 2 years ago 3
Watch the first version of this show ("Money as Debt" not "Money as Deby II"). It is easier to understand.
gma683e066736 2 years ago 7
@matt301273 ask questions to the board and maybe some of us can answer them for you. Also like gma683e066736 said, watch Money as Debt.
Yobachi2007 2 years ago
This is really helpful and usefull, I thank those who put much effort in producing these series.
lol888lama 2 years ago 3
No the greedy corporate thieves vision of the U.S will be doomed,, after we take back our country
daMob2 2 years ago
Why thumbs down? The bankers are part of the greedy corporate thieves... Indeed, we will take back our country
housedjforever 2 years ago 5
This comment has received too many negative votes show
OMG this is soo boring and complex, no wonder no one gets it
mininow 2 years ago
This video is boring and complex?
Good luck with life.
HeyItzMeDawg 2 years ago 4
You think this is complex? maybe your just a moron
housedjforever 2 years ago 2
IT IS COMPLEX; there is no need to berate people. It is why the maker of the film put that quote at the beginning ("money is meant to be confusing"). In fact, I think that is the biggest thing to take from this film: money is so complex--and it's meant to be that way!
You sir, do nothing to help (the discussion).
JohnLeeMD 2 years ago 7
since u dun get it.. take out another loan then .. heheh since it doesnt exist anyway.. enjoy!! then declare bankrupt...! take out all the loans u need... buy tangible things like art and gold.. then run! get it?
genex5 2 years ago
@mininow
OMG you're so stupid, no wonder YOU don't get it.
Yobachi2007 2 years ago
How can there be starvation because of banks?
Farmers keep making (almost) the same number of food evry year
wybo2 2 years ago
@wybo2 Yes, they do so in exchange for money, that really doesn't exist.
If the banks who issue the promisary notes collapse, meaning money is worthless; then who's going to work to grow, process and distribute food to everywhere it needs to go for free?
If money collapses, unless you have something to barter your out of luck, cause no ones going to do anything for your pieces of paper any more.
Get it now?
Yobachi2007 2 years ago
Yea,....
If i get it right:
The fundations of our exctanging system will collaps.
Didn't really think aboud it that way,
It seems obvious now.
I'm feeling myselve stupid now
Thanks.
ps. sorry for my bad engish
wybo2 2 years ago 2
Your English is fine.
Don't feel stupid. You just have to think a little deeper, and understand economics a little.
Yobachi2007 2 years ago
Investing in "skills" and material "assets" is what you need to do. Never watched a zombie movie? They want the dude who can fix the machines, forage for materials, can fight well, or at least has a strong back. Not the yuppie banker who used to have $5,000,000 on paper and now can use those statements as latrine paper.
unytcommsys 2 years ago
It may be a legal obligation but what happens when there is a default in payment? You end up with a situation where the bank collapses, and the individuals who have loaned the bank money suffer. Those who owe the bank are chased for their debt, which may be on sold for collection by someone else, but the debt from the bank to the individual dies with the death of the bank. Once the bank has gone there is no obligation for them to pay you in return.
Johno42 2 years ago
What about federal insurance?
baigandine 2 years ago
'In truth it's just numbers, but the banks must adhere to the dictates of these numbers.' Then, it isn't just numbers at all. It's a legal obligation, which, although it doesn't exist in a materialistic sense, is something enforceable. And enforcement trickles down to material consequences.
baigandine 2 years ago
Yes, but do we truly want our livelyhoods linked to an abstract?
Mercurybath 2 years ago
God, I get it. That's how the banks scoop up ALL property...
Property for the (non-existent) means to pay for it.
ScorpiusIncorruptus 2 years ago
If a bank does not want to go bankrupt when there are mass loan defaults, then banks should only be lending for people to purchase things that will go up in value. As we have seen with real estate, nothing is guaranteed to go up in value. In fact, I would say more things are guaranteed to go down in value like cars and consumer discretionary (i.e. junk). The worst part is that more and more debt is used to finance the purchases of junk.
USA = Doomed.
harveybirdmannequin 2 years ago 4
come on man, have a little optimism, sheesh
n66178 2 years ago
Why do you think that the USA is "Doomed"?
Lingerfoot 2 years ago
Bank: Here, you go! Brand new money that I just made. Now all I need to do is get you to sign this...
(signs mortgage)
Bank: MUWAHHAHHAHAHAHAHAH!
therealmetroidmaniac 2 years ago 36
@therealmetroidmaniac lao! that cracked me up! :}
bad4ever2001 1 year ago
Bank$ters have used debt as their main weapon and interest as their main ammunition..
I heard the vaults in Switzerland are piling up with gold because of the panic and crisis..
I say lol.. Somebody is going to put 2 and 2 together.
DonmenDragon 2 years ago 3
hmm.... how the hell is this system still in place? this CAN'T last forever
Dadge42 2 years ago 5
You're right. It is now near self-destructing. But the banks have a plan to save it by making you their indentured servant, or debt slave. The new world economic order is being forged by the banking system.
twobaud 2 years ago 6
the breakdown of the banking system hurts the working and middle classes who hold the fiat currency. the bankers and their favored clients (governments) are bailed out by continually printing fiat currency... until the currency is no longer acceptable and is completely worthless (see Zimbabwe).
herbs814 2 years ago
It's been good to be a banker over the last few centuries, but I've got a feeling thats gunna change here pretty soon when the wrath of God falls upon them
TwoHighways 2 years ago
remember than most of God's work on Earth is done by those men and groups that serve His will, rather than that of man, or mammon (money/wealth).
twobaud 2 years ago
Great video but what I do not understand is this... They say no money exists in a sense because just entries are made etc...So in the example of the lady selling the car...What is instead she had cashed the check as many do instead of depositing it to a bank? Is it because this is less the case? Because in that case money/cash is removed physically.
maniastrat 2 years ago
Bank Credit (The loan) is convertible in to cash money..
So if the lady cashed the check..she would have cash....If she chose to keep the cash at home..so be it...her bank wouldnt get the credit..
gtyme125 2 years ago
this has Always been a huge problem, how is it fair a private business can lend more money than it actually has ie: creates it.
If a mechanic has a cash flow problem why should he not be able to create money within his business like a bank?
They are BOTH private business, this is BULLSHIT
bcmalloy 2 years ago 2
I don't see any 'fraud". It looks fair and simple to me.
faolitaruna 2 years ago
think about it again, all it says is that a bank should not be able to give as loan more money than it has available as cash
gia257 2 years ago
What is use of bank which can't give a loan? everyone can give as much cash as they have... I don't want to deal with bank which don't care about its best interest.
faolitaruna 2 years ago
Besides that bank's loan is much more "real" than cash. Cash is much more "fraudulent", because its much harder to say where its value came from.
faolitaruna 2 years ago
You didnt get it. It can give loans, but their sum cant exceed the amount of cash the bank has, because then it is creating money it doesnt have, it is something they can do now. And it isnt even the whole picture, the video goes beyond that.
gia257 2 years ago 4
Let me understand: your institution will give away money, which it possess...It don't make any sense for me. Instead creating bank You can start giving credits today. I wouldn't call it bank loan.
faolitaruna 2 years ago
Sorry, your english is bad. Bank loan = loan given by bank.
Imagine the total deposits on a bank is 100$. So it owes 100$ to its clients. Now comes a person and asks for 20$ loan. And it's approved. All seems normal.
Except the bank now owes 120$, and it only has 100$ cash.
So if the person and all the clients decide to withdraw their money (100$+20$) at the same time the bank would not be able to pay. Because it only has 100$. It created 20$ out of thin air.
gia257 2 years ago 3
Are you awake? The banks is loaning money it doesn't have and is making money off it.
coasteys 2 years ago 41
I feel tutally satisfied with that.
faolitaruna 2 years ago
@coasteys i think you meant to say... creating slavery off it.
venuecam 1 year ago
This has been flagged as spam show
@coasteys "The banks is loaning money it doesn't have and is making money off it"
You are incorrect. Every loan is fully funded.
jimmyrtle 1 year ago
@coasteys Holy crap, the bank is making money! It's almost like they are trying to run a business or something...
axeld93 1 year ago 2
@axeld93 haha good one
Orical001 1 year ago
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gtspma 2 years ago
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gtspma 2 years ago
Thats a good point.
Why doesn't the Banks buy the car and then sell it to me. It would seem to be the same transaction if done the way they do it now.
Yet it is not because the only value there is is your signature. The banks are basicly charging you intrest to secure the loan. They are no differnet then insurance companies which is another big ripoff.
CosmosPrivateer 2 years ago 2
To "secure" something means to account for it in the financial system and to to be able to establish a "lien" on it.
A lien is a security interest to secure the payment of taxes, levies or other encumbrances, lest the secured thing be seized.
Now, we all operate in commerce behind a corporate-entity called an "artificial person". This is really a corporate-entity with accounts to which "charges" can be accrued.
If your name is Joe Blogg, your Artificial Person name is JOE BLOGG.
OneManAndHisFiction 2 years ago
It is your Artificial Person (constructed corporate-entity) with accounts that has to be operated according to the Codes, Rules and Regulations and have its accounts settled accordingly (by "discharge" or "set off").
As such, it is this Artificial Person, and not the real human being through his/her natural person, that must pay Corporate (Income) Tax.
OneManAndHisFiction 2 years ago
Wohoooo lets get this banking system FIXED!!!!
shaq786 2 years ago
Thank you for the video... I didn't know banking was actually a scam.. Why didn't anyone tell me this? Why don't I learn this kind of things in schools? They taught me nothing.
activered 2 years ago 6
Is it only me that thinks that the avaricious banker looks like Evelyn de Rothschild?
flyhead2 2 years ago 2
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
RonRepublican 2 years ago 4