Money As Debt II-Promises Unleashed-Full Length Documentary

[CarlosSpartaSilveti]

I used to be someone who SPENT YESTERDAY what I was going to EARN TOMORROW, leaving mostly WORRIES for TODAY.

Fortunately, I learned the lesson: Now I SPEND whatever the fuck I earn and I send the WORRIES to HELL.

We can choose to COMPLAIN about what we DO NOT posses and go into debt to change that, or chose to ENJOY what we DO POSSES and stop behaving like SHEEPS.

[NayabHKhan]

@CarlosSpartaSilveti

I have been like that for years and that is why I just do not have any worries. I do not feel enslaved. I have survived 40 years without an xbox, iphone, blackberry, brand new car, designer underwear, $300 sneakers etc. I spend my money on good food and good times and have enough left over for a donation to my retirement fund. Wake up folks. Stop being consumer slaves!!

[leecooper9911]

0:27:49 RON PAUL ;-)

[scottslod]

I agree that the current monetary system haves to chance but the solution with this video gives isn't flawless. Because people still can horde money with is a major concern ATM also with the rise of better computers and robots it would be hard to have any work at al. overall we must focus more on nature and resources it provides. Zeitgeist movement also try to make people aware of this major crisis were in. Also they have plans make it sustainable with no one left behind

[Gmoneyluv4u]

one of the commentors said that you can do this on your own any where you go weather it be a banc or a hard money lender all lending institutions have interest, financial institutions are businesses and who would lend their money out for nothing maybe i'm misunderstanding but that's the impression I got ????

[Gmoneyluv4u]

thanks

these are really informative bancing documents!!!

[bluehazer]

Beware: The crash of 08 is just a warning. A bigger one is around the corner, and when it hits, ohhhh boy!

[4cashnstash]

Wath crash course by chris marstden youll bevshocked similair but a whole lot better

[skatejam7]

Rich>Deposit>Bank>Interest>Ric­h

Bank>Loan>Poor>Interest>Bank

[KakashiTheWorrier]

fucking commies

[skatejam7]

@KakashiTheWorrier gtfo

[sullivan912]

@KakashiTheWorrier Are you serious? The founding fathers of the US specifically avoided this system. Were they commies?

[MrTomblak]

One other note, changing to a Credit Union won't matter. In effect, it's the same process.

[MrTomblak]

Good vid, but slightly misleading. Good pointing out the real meaning of a bank deposit. Yet, a promise to do something(lend or repay debt) is legal consideration as long as the promissor can be reasonably assumed to fulfill the promise. What the banks are lending is their promise to find the money based on their ability to manage financial arrangements. Individuals are legally entitled to do likewise, and many do. Left out is any explanation of investment and risk, or the time value of money.

[ptownpsjdlc]

This really glossed over FDR, leaving an impression that the War solely got us out of our mess. I don't buy that for a minute. Other than that, some really good information.

[fntsmk]

Every American voter should be required to watch this video before being allowed to vote/

[nozg3]

after watching your vids, i'm kind of doubt if i should be leaving my money to the bank :P

[star3t]

I love the look of the guys from the bank lol BRILL!!!!

[satvistayou]

Bankrupt by Design!!

[jonescomplete]

Thank you Woodrow Wilson

[sprocketheadchay]

Thank you so very much...not only am I learning economics by leaps and bounds...I am enjoying it at the same time.

[jamschnitter]

Money to work for us you socialist, you don't deserve the 0.04% interest we give you per year on your savings account.

[aswadsoldier]

very informative,however I am very sceptical at the suggestion of digital money as an alternative. which has the potential to be also manipulated. Gold is something in the real world but as pointed out in "the money masters" because the global elite controls most of the worlds gold ,that also has the potential to be manipulated to some degree..but digital I strongly disagree with.

[randy95023]

This is why both Democrats AND Republicans can't let the banks fail.  The whole; "Too Big To Fail" mantra is because our banking system is a house of cards...

Peace, Randy

[2eelShmeal]

@randy95023 Precisely. Same reason they want the economy to grow 3% for eternity... lol

[PSNnightmare]

if there are any other interesting economics related vids like this please pm me with the links .. ty

[aswadsoldier]

@PSNnightmare "the money masters"

[c21actiondave]

So take the power from the banks and give it to the goverment. Just a new group of criminals will be n charge.

[35171julie]

@c21actiondave yeah, my husband and I were just talking about that, too -although I think it would be the same 5 guys who are close to ruling the world now...they are ideally poised. Still, it would probably slow up the freefall toward destruction. We might even buy enough time to make some improvements in human nature...nahhhh there isn't enough time in the universe for that :D

[TheJordizzle101]

God supports interest 34:03

[jjn11235]

At around 11:00 minutes there is a serious error. You don't usually (ever?) pledge as collateral for a loan the thing you're trying to buy, you pledge something that you already own like a CD or a house or a car.

[35171julie]

@jjn11235 Think mortgage....now try missing a payment and watch the bank foreclose on its 'collateral'. Ditto car loan - miss a payment and watch the repo guys spring into action.

[wjestick]

@ShatterState

Big mistake made by many people. If you live in society you are part of the game. Read and learn:

1. By law taxes must be paid using currency, so you must use money

2. By inflation all money is devalued including yours, debt or no debt.

If the dollar goes to zero you will be as broke as a man with 10 credit cards and a mortgage. If you have money, you have debt by definition, sovereign debt. The government can tax you directly or by inflation to pay it off.

[GPaulTheThrashKing]

are these quotes legit (from reliable sources)? someone better educated than I please answer

[redblackndwhite]

@ShatterState what exactly is cold hard cash? I think you're missing the point..

[redblackndwhite]

I'm now 18 but I wish I learned this in my economics class in high school!

[ThePushProject00]

Also beleive the system it will crash catastrophically.

With a Blade Runner dark future in horizon, in witch an iPhone with Siri will coexist without food and water, and lack of resources.

I fear not for me but for my 4 years old son, who will have a tremendous difficult life.

Can't any rich boy get the hell for $20.000 and puts this film on TV ??!

[asands84]

You left out the effect and power of ever increasing technological advances to effectively shrink the amount of natural resources needed to produce real goods and services. Pragmatically speaking, I believe we would be much, much better off with 100% reserve banking backed by non-borrowed government created money. There's a lot I can agree with in this film. Thank you for uploading this movie.

[FactNotOpinion]

I still dont convincingly understand why banks arent still bending over backwards to lend to people. What do they have to loose if you dont pay the principal back because they only make money from the interest. Therefore in the case of credit cards they DONT want you to pay the debt off because the longer its there getting the minimum payment, the longer they can collect interest.

[mooninquirer]

@FactNotOpinion Good point. This video is good, and we do thank mysticdave for uploading it, but it might tell the WHOLE story. The comment after yours reveals this film was based on the Federal Reserve's own publication "Modern Money Mechanics" Yes, I understand your point ---- since they don't OWN the money in the first place, and it is all just like counterfeiting money, it is no skin off their backs if people don't pay back the loan. It is not like lending someone a car or tool.

[20Proff]

HERE IS THE SOLUTION:

1. Ask the bank to provide you with actual accounting as to where they substantiated a loss and had a risk in the investment.

2. Ask them to provide you with a contract binding both parties.

3. Ask them to point out where they provided you with full disclosure by pointing out that the money/credit in question adds to inflation.

They simply can't answer these question. Go to court, prove you asked them.

They are not invincible. Revolution.

[quantazelle]

Let's all move to non-profit credit unions.

[IHaveNoLegsIsBack]

Nuclear physics is just as much of a bitch to learn so we just make misinformed judgements based on those who themselves have misinformed opinions. Sound familiar?

A nice video but certainly not a substitute for a) just saying I don't know or b) reading some exciting textbooks on the manner

[d3ejmz]

@IHaveNoLegsIsBack It's way better than saying "I don't know". If you watched "Money as Debt", and read the recommended reading, you would know by now that most of the script for that film was taken directly out of the Federal Reserve Bank's publication, "Modern Money Mechanics".

Fiat currency is sorcery, and the most destructive and dangerous weapon ever used against humanity.

[gardner90125]

Excellent and reasoned approach of a vital topic.

[2eelShmeal]

I really love all your animations (unusual 4 me) and I can see you put a lot of time in. Good work. I subbed and sent an invite... THANKS I will be perusing your channel soon. I'm an old Dead Head so I'm gonna love your vids on acid; or as we used to call it: Sidney. (cid)

[paulmasoner]

@2eelShmeal this video is by PaulLWGringon, this user has simply been kind enough to splice it's 4(?) parts together into a full length video

[2eelShmeal]

@paulmasoner Damnnit... And I was giving him props too....LOL Thanks. Oh well...

I'm still subbed though... I'm still trying to get my FACE back from JERRY...LOL

Damn you Jerry you stole my face, NOW I WANT IT BACK....LOL

[njiuma]

Boom and Bust cycles are indeed spured on by the Federal Reserve System in America. But they tend to play to the natural human tendency towards greed, thus victimizing the participants by their faith in the system. An elite group of individuals heading up the banking groups bail themselves out with taxpayer money, only after they've acquired the assets of the defaulted borrowers of non-existant money created by debt.

[bobo47steadman]

It's Very True Why God's Chosen People are Now Satan's Chosen People!!!.=(The JEWISH BANKERS & Their FRAUDULENT BEHAVIOUR!!!).

[smacebr]

@bobo47steadman not all jews are bad. like not all americans are bad. you know that americans don't have the best reputation out there, right? see... let's not generalize this. the elite is composed by a small minority less than 1%....

[woaibailong]

Who controls all the $??

- Head of US Treasury, Timothy Geithner, (JEW)

- Head of US Federal Reserve, Ben Bernanke (JEW)

- Head of International Monetary Fund, Christine Lagarde (JEW)

- Head of World Bank, Robert B. Zoellick (JEW)

- Goldman Sachs head (Wall Street’s largest bank), Marcus Goldman (JEW)

- National Economic Council Director, Gene Sperling (JEW)

[radivojr]

FED and all central banks are Ponzi scam robbers, arrest them and change system!

[428ghost]

That's it, I'm switching to a credit union.

[8281819]

@428ghost i thought i was alone in doing so.

[mrwhispers]

@428ghost ... Just switched to a co-op bank ...

[sullivan912]

@428ghost I think you'll find that these days most credit unions also use the fractional reserve system.

[lspmd2]

We've seen enuf, we've had enuf, we've been thru enuf. We've been misguided, misled and mis-spent. We now KNOW once and for all the system is broken. In my search and 63 years of experience on this planet, to me, the ONLY solution is The Venus Project, The Venus Project, The Venus Project. I have seen no other solutions put forth that are better than THE VENUS PROJECT - Mamma D "^_^"

[novocain68]

After seeing this, I will, as of today, refuse to pay a single Euro in taxes, right until the moment that the government (the people) is the only institution that can create money. It would in fact be a crime to be part of the current system. Let the taxman sue me, it would be interesting to take this to court and make a big news item from it.

[celebrityserb]

Very good and informative... I guess this will never b sjo

[KenMacMillan]

This is why fractional reserve banking must die.

[MrYorkshireFella]

Bring back the Greenbacks!

[sjd1138]

A great, educational and thought-provoking film! We should all agree that our current monetary system is broken, unsustainable and fraudulent. But what is the solution? I agree that half-measures and simple reforms will never be enough. We need a full-scale re-imagining of our economic system. Maybe we need something even more radical than what the film proposes. What about a Resource-Based Economy, as presented by The Zeitgeist Movement and The Venus Project? We should seriously consider that.

[apolllos7]

@sjd1138 self sustaining self repairing robots that recycle food owned by the people would be a great thing like the zeitgeist suggests. Also the notion of ownership being flawed is also an issue. But Zeitgeist is not the answer because human sociology as we know it today is impossible to change. The more practical short term answer is to abolish the stagnation of money. The long term problem is Capitalism's flaw, lack of infinite resources. There are a few answers to this problem.

[sjd1138]

@apolllos7 The Zeitgeist Movement (TZM) tells us that technology and mechanization is only one part of a RBE (resource-based economy) solution. The key point is to use science to solve societal problems. We should all strive for a society that provides the basic necessities of life for all people sustainably, regardless of race or place. We can do it! But the monetary system stands in the way. Sadly, I fear things may get worse before they get better. Please watch Zeitgeist: Moving Forward.

[fuckinganonyfags]

as best as i can*

[fuckinganonyfags]

I am a 20 year old from melbourne, australia and i want to fight those corporations and federals! I want to spread the truth about them and how the governments, the elites are ruining the country, the people and the world!! I want to join anonymous and help out as best as we can!

[MrStoneClark]

@fuckinganonyfags If you have the ideal of Anonomyus, you are part of the collective. Keep spreading the truth young grasshopper! :-)

[ezralimm]

3 people are bankers.

[samann95014]

If banks are unethical, would that mean folks like Warren Buffett who made his fortune in wells fargo bank is also unethical?

[gcallard]

I think this should be curriculum for schools world wide. Let's see how the present unravels. Let us see how the future begins.

[JUSTTHETRUTHTV]

TAKE YOUR MONEY OUT OF BANKS. PUT IT IN TO CREDIT UNIONS... THAT ARE NOT FOR PROFIT!!!

WOWWOWOWOWOWOWEEEE......

JUST THE TRUTH TV AGAIN....

[gothicdeathprophet]

All I can think about is this: When your burning the house for firewood you've only got one decision to make do you stop while you still at least have a room or do you wait till you've burnt it to the ground. There's only one choice people we either throw it out now while we've still got the resources to sustain a future, or we wait till the inevitable end decline in the amount or resources the planet can give us and the decision is made for us.

[AceOfHeart2012]

Here's a thought. We hire a demolition company that has a wrecking ball. You smash all of the banks and all of the IRS buildings and then have a big Jerry Lewis type telethon and sell all the fist-size rubble for $20 each. Problem solved. No more banks. No more IRS. No more debt.

[SurprizedDaily]

Stop by my channel and watch "The Corporation Nation Master (2010) full" Learn about the CAFRs and spread that video far & wide to as many as you can! Learn how the government has been screwing the American people via taxes & what they've been doing with them! Actually this game is now going on Worldwide! Voting just keeps folks in the game & illusion that your vote really does count! News Flash, it don't and never has!

[elcsandroo]

USA don't worry SAUDI is behind you, you'll never be broke, as long as we are here.

[someonedanya2011]

Nice movie but I still wanted to hear more regarding those treasury bills etc

[ZBRMusic]

monkey for president !

[basscataz]

i love that this is "out here" for people to see. the thing i want to comment on is this.... the sudden "social justice shout out". i fear that we may just charge ahead with this beautiful chunk of knowledge, w/out realizing that "social-justice" "carbontrading" , are rascist & scientifically fraudulent in that order ( i know they're 2 diff things, but look closer. they are very connected.

[basscataz]

i love that this is "out here" for people to see. the thing i want to comment on is this.... the sudden "social justice shout out". i fear that we may just charge ahead with this beautiful chunk of knowledge, w/out realizing that "social-justice" "carbontrading" , are rascist & scientifically fraudulent in that order

[murongqingcao]

I agree that the world monetary system needs changes.....but we need to realize the fact that an non-linear dynamic system cannot be simply reduced to simple basics.....what you suggested here is not going to work....it needs some more sophisticated design.....what you need first indeed is not some technique, but some new philosophy......like to discuss with you if you are interested.....Ron

[etizzei1]

ok can some one please answer my question ok so if the banks dont use depositors money than what happens to the money u deposit

[konkretejunglephilly]

@etizzei1 they do use it but its a fraction of what they lend out.

[strummer114]

bent over pants down banking

[superbaron1]

lol, those two people who didn't "like" this video must have been members of the federal reserve, who would lose their nearly limitless profits if the ability to print money was taken away from them and money was used to enrich the public, rather than bankrupt it. :)

[1011sid]

watching the first and this video of money as debt is like a crash course on banking economics

[abokwu]

in islam interest is considered a sin

[LeseMajeste]

The Federal Reserve's illegal, has been from the beginning, since you CAN'T change the Constitution by merely passing a law.

Abolish the Fed and use the RICO laws to take BACK our wealth.

Abolish the Fed and watch these 'Wars for Wall Street and Israel' stop.

[notablesolutions4u]

This film is so important, we included a link from our website, My Self Sufficient Plan, to help this film get more exposure.

[lgarvey]

"borrowing to pay off past debts is like trying to fill a hole with more hole"

[PositiveMoneyUK]

A biggest public campaign has started to end fractional reserve banking, look at the POSITIVE MONEY website and support the campaign ...and spread the word.



[amaterasu159357]

A muslim is: [1] not allowed / forbidden to sell something he does not own (lend what he doesnt have) [2]: indulge in intrest in any way shape or form. Intrest is COMPLETELY forbidden in islam...with all its forms............please note....that no "muslim" country in the world today follows these rules...no not even one...despite what you hear on CNN and what you read on wikipidia......which is open to edit by anyone mind you.........anyways just thought that it was something worth

[Golliebollie]

All hail government and their infinite wisdom in protecting public interest. Give them full control of the money! lol. I may not trust bankers, but i trust politicians even less.....

[LivingTrancefully]

@Golliebollie considering bankers own politicians, i would trust them less

[MrBigEnchilada]

I'm not really convinced on the "banks charge money and oh wait where tis the money to pay for the interest we're all slaves now" statement.

[konkretejunglephilly]

@MrBigEnchilada lol

[apolllos7]

I want to get a job in monetary theory because this stuff is extremely interesting to me, what field do you think i should study in? No sarcasm please as this is a serious question of mine.

[MONOPOLY35]

This documentary shows an animated figure of Ron Paul, Ben Bernanke, and other major figures, LOL!

[etizzei1]

i dont get it from 36:00 to 38:00 =/ confusing

[joggler66]

@etizzei1 I understand it but can not explain better, than done in movie. Listen a few times and you get it too, took me a few times too.

[lovellespice]

globalization and systematized usury is the reason why there are 3rd world countries.. see "life and debt" documentary..

[apolllos7]

@lovellespice where is this life and debt documentary

[slimsxyblkwoman]

It's a shame that mindless, degenerate trash always go viral but informative freeing data like this always flow under the raydar! We wonder why the world is the way it is????

[MrChuckster007]

Until the Federal Reserve System was created in 1913, the U.S. had a very stable monetary system. The failure of the Federal Reserve System is what created the the 1929 stock market crash and the depression that followed. Now, the Federal Reserve System is doing it again.

[freedomthrough]

@MrChuckster007 And an extremely unstable economy. I won't defend how it's been handled since, but you need a money-supply that expands on demand, or you'll have enormous problems. You could potentially have a 100% money policy for the private sector, but that would require government deficit spending of massive proportions. I wouldn't mind, though.

[lifeonanotherplanet]

@MrChuckster007

You need to read some economic history.

[FISHChrysallis]

@MrChuckster007 - sorry, but that's total bullshit. Unbridled capitalism ALWAYS results in cycles of booms and busts and the Federal Reserve System was created to rein that in. It worked pretty well,until the yahoo demagogues of the Austrian and Chicago schools messed with it.

[Seiku]

@FISHChrysallis [citation needed]

[2eelShmeal]

There were many times there were scares and recessions, many times too that the central banks got in but were kicked out again. It wasn't until the Fed they got such a good foothold. But yeah, the gold standard can be manipulated and times of crisis like war makes a nation reluctantly accept borrowing. If you don't borrow, the central bankers will bring problems and even war to bring you to your knees as a nation.

[MrPaulVickers]

The ending is relying on banks giving up their stranglehold on our lives, they are so near to the endgame I just can't see it happening myself, but we sure gotta try

[MrPaulVickers]

The ending is relying on banks giving up their stranglehold on our lives, they are so near to the endgame I just can't see it happening myself

[Fiscus128]

In a 'normal' economy credit must be based on ability to perform (capacity).

So if a company X does business on open account with company Y, then company Y is expected to pay the invoice within the terms agreed upon. If company Y is not creditworthy, then company Y defaults. So company Y must have the capacity to pay for the goods and services bought from company X.

Although I find this presentation useful, the real trouble is because some of us have been allowed living beyond our means.

[CrazyJayBe]

wtf... why hasn't this had more hits....

[MrStoneClark]

@CrazyJayBe It probably does have more hits... the facists at SCrewYouTube are working with the dis-information fucks!

[CrazyJayBe]

@MrStoneClark

Noooooooo!!

Wait...SCrewYouTube?? WTF?! lol...

[jeepndesert]

the discussion of a deposit and checking accounts being a promise to pay confuses the point that the bank creates money out of thin air.

[1951feb]

As an old Cowboy it has not been a shock to me learning this stuff. Banks have never been friends of cowboys and farmers, we have all fought them one time or another. Now lets kick it up a few notches and get to fighting the Fed. I'm not afraid of what will happen if we win (quit whining about the unknown). And if we lose? Hell boys and girls, if we don't fight we are going to lose for sure! Only an idiot takes a punch if he can duck and only a bigger idiot will not try to defend himself.

[ethanhines]

@1951feb Yeee-Haw let's do another run on the banks and demand our gold back! Let's go raid Fort Knox.

[hipnoticed]

@1951feb well said man :)

[jnixongo00]

@1951feb WOW

[freedomthrough]

@1951feb A private bank will never be a friend to anyone, except to itself.

[fury350z]

@1951feb Well put my friend!

[Grushdevah]

monetary reform solves the problems of the monetary system. it does not solve any of the problems of the market system. a resource based economy is still going to be the end result of technological evolution.

[earendur829]

Let's say monetary reform in the way presented in the film does come to being. What will it do about the problem of artificial scarcity?

[Kevexation]

Well explained.... Though it's going to take several viewings for it all to sink in!.

[boohowdoy]

@29:13 narrator states that WW2 is what got America out of the depression, But I don't agree. Read up Frederick Bastiat's tale of the broken window to find out why.

[T0B0KKE]

Well... at least they give us a more reasonable and doable solution than the Zeitgeist Utopians.

[AshesWasHerName]

@T0B0KKE, are you kidding? there is no solution to capitalism except leaving it. even if fractional reserve banking was gone, there's still a lot of other problems we'd be facing for no reason whatsoever other than conformism. we are a disgrace of a civilisation. but the silent majority consents to tyranny...

[T0B0KKE]

@AshesWasHerName The moneytary system will never fail because they will keep bailing out bankrupt countries, like Portugal (yes I'm portuguese) in order to keep the system going and immerse these countries on a debt that cannot be repaid. This system ends in the moment people wake up and stop voting for whoever, withdraw all money form banks, buy silver/copper/gold and be self sustainable. The system won't fall for its own. It didn't for more than 400 years what makes you think it will in 20?

[AshesWasHerName]

@T0B0KKE, the situation is much different nowadays. it will become increasingly unsustainable and unstable, which will lead to a collapse. its collapse will of course be coupled with the people's distrust of the system. there are more and more people who are anti-capitalist, and it will just keep growing. we've also seen much more instability in the last 20 years than we have in the previous 400. either it will fall gradually or it will fall catastrophically.

[Calvarynorwalk]

This video goes out to all my contacts

[youcantstopthetruth1]

I enjoyed every minute of this film. It Makes so much sense! Why would you allow the banksters to grab us by the balls? Are we that scared of them? Wowzers!