This was sooo sickening after I watched it, but I'm glad I'm aware... Surprisingly, my mom already knew since she worked as a banker/insurance broker and she's known this for a very long time.
"Give me control of a nation's money and I care not who makes the laws."
Rothchild
US Dollar is world reserve currency. whoever own the federal reserve rule the world . US don't produce anything with value anymore they just print money and inflate rest of the world.
They are bloodsuckers, stealing from people who work and produce things with inflation Fed create around the world.
@WoodenComp The worlds banking system works in basically the same way although believe or not, the UK and i think europe are less regulated in the amounts of money (bank credit) private banks can create in relation central bank money.
Its the root cause of todays world debt problems imo.
Infiltration ftw! For us who lives in sweden it's realy cheap to buy from the States! haha for an exampel, a iphone costs 1 255,89$ if we buy it in Sweden, but $299 in the US. Good for us we can buy it from you, but i have money to buy one in Sweden without problems. In a smaller scale, a small can of coca cola costs about 1.38 for you right? In Sweden we pay over 2$ for that.
for all of you that thinks that this a waste of time/or not true/etc.. etc., don't just take this video or the book for confirmation, research it yourself, because a lot of this info is out there, & then just take a look around you, it's quite obvious that what "they"say is happening doesn't line up with what "we're" living with day to day. If nothing else, at least this video show make you ponder the age ole question?? What if?? Gotta wake up people.....
oh man why is it so many people on here didn't even watch the whole video or the movie or even did any investigating to find out the validity of the videos contents...I guess if it would have been on CNN then people would listen..its like people only can think of the worst and can't stop for a second and question our situation...Money is not god and doesn't make the trees grow..we don't need money for incentive to survive...money is not real no matter how you spread or shape or color it..;)
@Bleeding1408 Actually Money is God. When capitalism was created, the rich and powerful created a character called God. They made the poor believe he was real. The Bible was used by Governments to create law and order. The poor obviously lacked education and healthy nutrition so they developed into mentally and physically weak beings. It wasn't God that controlled or guided the poor. It was Money. So fuck off with that little wink at the end of your comment you ignorant idiot.
You people haven't a clue firstly this video is referring to a banking document that is totally false straight of the bat and claiming its credibility MORE THE FOOLS. Indeed if any of you could actually think for yourselves you would know banks don't create money.
I will leave you with this QUESTION if every nation is in debt WHO is the real creditor.
If you answer its the Rothschild's,Rockefeller's ,offshore banks or banks in general you would be totally incorrect and indoctrinated with LIES.
@securedpartyflorida YOU ARE or should I say we the people & we do it by the borrowers promissory note signature backed by the property value its self ,where the borrower (buyer) agrees on a price with the TRUE CREDITOR the seller (owner/ builder) who gets paid from circulation with money that has NO value .Banks DON'T create money they change money, our money into there money committing contract fraud & theft. Until you come to realize your all being duped you WILL FALL to your own ignorance.
@chotaboy66 Ok, I am the real creditor, correct? what is the real form of money then that I would use a real creditor? What is this "our money" as you refer to? I am aware that fiat currency or paper currency that is not backed by gold or resources is worthless and only works in our system because it has "percieved" value but what form of money are you referring to as "real creditors money"? labor? gold? I think not, you cant go anywhere and pay at a resturant with a gold coin can you?
@securedpartyflorida Our money is the borrowers promissory note backed by property its self which a PRICE is agreed upon by the borrower & the true creditor the owner or builder a nations wealth YOU work for ,ONLY its laundered out of circulation on its very conception by commercial banks by means of fraud, actually gausstruth is incorrect to a degree, the banks are not the true owners because they thieve it off us the people,starting with our promissory obligations to each other money creation.
@chotaboy66 Are you saying that the dollars that the fed prints dont get their value from the other currnency already in circulation, thereby causing inflation because it has less purchasing power? If so you are wrong. I know that banks change money, we all know that, the problem is that banks are allowed to create new money in our system just upon the demand for loans, which werent even their money to begin with. There is no lawful form of consderation in that process thus voiding the contract.
@securedpartyflorida thats not what this video is stating...to really understand it just look up the book..its only 50 pages and when you got the book in front of you and have read it..you will see just how right this video is:)
@chotaboy66 hahahaha man you want to talk about having a clue hahaha....the document your lying about is actually a 50 page book that is real and explains how our fractional reserve system works...its people that blindly follow the governments "facts" that will never suck it up and do real investigating into these things to find the truth for themselves....
@Bleeding1408 Please do tell What is the lie you proclaim I'm writing?
Would it be that banks DONT create money? if so then your doctrine is false.
I don't refute the documents existence.I refute the info within the document by claim of money creation by fractional multiplication which is a complete lie, if you knew anything about money creation pre expansion you come to the same conclusion, Banks dont create money rather they CHANGE ,expand & re issue money.Creation is NOT expansion GOT IT.
@Bleeding1408 Furthermore If you indeed think expansion is creation you then fail to see fractional multiplication multiplies DOWN to ZERO eventually (3RD GRADE MATHS) ,UNLESS this process can be continued once again by a new promissory note created at a bank by WHO? ,oh please (MR ha ha) do tell me then WHO actually creates money and WHO is the actual TRUE creditor.
Or should I put it in simpleton terms, if every nation is in debt then who could possibly be the TRUE creditor? Think about it.
For those that dont understand the problem with rising economy"inflation" here is a fast explanation. Say i earn 1300 dollars a month food costs 400 dollars a month and rest of the money goes to bills etc. If the economy rises "more inflation" the food suddenly cost 500 dollars a month but i still only get 1300 dollars a month from work. How in the world does this benefit the working people? If you can talk your way out of this and tell me how it benefits the working class. I am all ears.
1) Price inflation IS due to INTEREST its self, interest is never created to start with so business that are in debt jack there prices up to cover INTEREST payments.
2) Circulatory inflation a result of commercial banks laundering all principal & interest out of circulation via peoples loan repayments causing circulatory deflation ,a gov then gets into TERMINAL nation debt through a central bank re inflating circulation in an attempt to keep circulation vital.
@chotaboy66 yes true if you have not read the book called "modern money mechanics" its 50 pages and makes it easy to understand how our fractional reserve system works...It wasn't on cnn so I dont know if it real:)
"Every single dollar in my wallet is owed to somebody" oh really?. When a person
puts a dollar in their wallet, they are putting base money into their wallet. Base money is not owed to anyone ( unless you think of it as a liability to the Fed ). The statement that if everyone paid off all debts there would not be 1 dollar left in circulation is wrong to. True, most money has came about because of Tres purchases by the Fed, but as these Tres's have come due, the money was returned.
Absolutely not. The expansion of the monetary base, step by step, by the Fed, is very much necessary to facilitate the growth of our economy. Expansion of the monetary base is very much a tax on every body, as it has always been, as it will always be . But what one must understand is that, this is necessary for the growth of our economy, nee, the growth of any economy.
@GaussTruth - Bill Still has been proposing that the country print its own money, proportional to population growth (NOT the growth of the economy) and not a central, for-profit bank.
Under the current system, the shareholders have more power than the President, and are virtually beholden to no one.
@GaussTruth Yeah and when the world supplies grow thin the economy will rise even higher only making it possible for millionaires to acctuly buy something. And the worst thing is that already the millionaires dont even need to pay tax or any health insurance etc. The growth of economy only benefits those that already have to much money it can never and will never help the working class if they dont change the salaries with the rising economy.
@GaussTruth - I think the world around us would serve to vindicate us, if we see something morally askew about this system and how it relates to the ruling class in our society. Hard-wiring a system of inequality only benefits those at the top of the pyramid.
@GaussTruth you are incorrect, if every dollar was paid back the fed would own it all, they print the money, you cant get it anywhere else, so you have to go back to them to print more just to pay the interest. All money created is the Fed's, you dont own anything, ultimate ownership rests with the state.
@securedpartyflorida no your confusing the federal reserve with our government...they are in fact they are seperate from eachother...if we let them they can take everything from us...but we won't let the greedy fat men get away with it and I think that soon we will have to decide whether or not money isthe true master of our destiny as living beings:)
anyone who thinks that the general inflation we have had over the past 100 years is a bad thing, does not understand the basics of our monetary system. The inflation of from 2 to 4% yearly is a necessary component of capital and entrepreneurial investment. Essentially, excess monetary base expansion above natural GNP is put there to allow borrowing above the natural GNP so that new business can be created. A tax on us all for the betterment of us all.
As much as I have respect for Ron Paul, he is mostly wrong on monetary matters. Money is normally expanded and contracted by the Fed to balance the expansion or contraction of the GNP. Unprecedented expansion of the monetary base during the past few years is an unusual exception, that can't be explained here in this limited post space. All newly created money will eventually fall back into excess reserves, when the economy picks up, raising reserve interest rate will kill inflation.
Money is not "created" out of nothing, anymore than if I loan you a dollar, two dollars have been created. If I loan you my dollar, and a bank guarantees that if I wish to spend my dollar that I loaned, they will find that dollar and "borrow" it ( @ Fed Funds bank rate ), from whomever has it, and give it to me to spend. No money has been created, debt has been created by whomever has borrowed that dollar. Base money ( that 1 dollar ) has stayed the same.
The banking system & the F up part is that society doesn't know how corrupted the banks really are. Money = debt x interest & credit what keeps us average income people stuck or loosing property -- some day it will all come to and end & the infamous $ dollar will perish to dust! How sad but true ! The Federal Reserves -- was an act of greed n even now the millennium system is full of inflation where it would only keep on growing people what to do? Fraud
every time i watch this movie it becomes more and more eye opening, how can that happen, it's the same information lol.. i guess the point hits home even harder every time.
True Free energy devices exist,But Millions are spend in supressing that information,Get a motor that works with the power of magnets only at LT-MAGNET-MOTORdotCOM ,Let the revolution begin!
Well well, the first thing i want to say is that money is not created from nothing.... if you take a book of economics and read it well ... you will see that all the money who's created by the federal bank is insured by gold or currencies so this money DOES NOT COME FROM NOWHERE !!!!
Second thing... the thin air explanation... this money is not created from thin air.... it comes from commercial transaction.... i will give an example: X put 10 000 on his bank account, the bank make a loan of 9000 to Y and have to keep 1000. Y use the 9000 to buy a house and than give the 9000 to Z who sold the house. So Z put the 9000 on a bank account also... but his 9000 does not come from nowhere they come from the value of his house who has been sold etc. !!!!!
Now the interest... it represents the gain of value of somthing in the time and then it is to cover the loss for the bank of not investing it in something else... example: the bank decides instead of loaning this money to use it to create a firm who creates a product... this firm will earn money by selling his products and then the bank would have earn money by the earning of the firm....
so the interest is a value of somthing IN THE TIME.... it means that this money will be created later but this money WILL exist also..... or you can see has a payement of a service !!!!
Well i think the idea of this movie is good but the arguments and the way of showing it is terrible..... it too simplified REALLY too simplified and make it look like evil....
But i agree our actual system is bad for the majority of us cause of the abusive comsuption system that appears in it .....
No this is biased propoganda...it is not a complete picture or even completely accurate. It's a pretty good vid though...makes you think about the system at least.
The part about fractional reserve requirement of 10% turning $1 into $10 is nonsense! It would never EVER happen like this because people don't take loans and then just deposit the funds & let sit in a bank..people get the loan to pay for building or buy something, not to put it in their bank!! They'd be stupid!!
I am interested in how the "initial" money is created though. Does the Federal Reserve really just make the money..I wouldn't think so, but I'm not sure how that part works. Anyone?
I'm only questioning the premise that people get a loan & then just deposit the funds in the bank. That is the premise you'd need to claim that $1 becomes $10 and that is the premise this video assumes to be the case.
There are some other problems w/ this vid, but this was one that popped out to me most (it's the same in "Money as Debt").
I will tell you I like the vid very much..I'm only questioning it to make it better.
I'd suggest you do the same as EXACTLY CORRECT is a dubious analysis.
Yes, the logic is okay, but in actuality people don't keep depositing loan money..think about it, if you get loan would you deposit money in the bank (i.e. would you take a loan & pay 5% interest cost & use those proceeds to deposit & earn 1% interest income)?
Other problems are:
1.) Implying that the Fed is owed principle on the money it creates out of nothing.
2.) Not accounting for the growth/efficiency in the economy alongside the increase in money supply (it is important relationship)
1. When people borrow, they spend, and the receivers of that money "most likely" deposit that money. Since the entire banking system is a closed loop, the money always returns to the banks.
2. You are right. Implying that the fed is owed principle on money it creates is not exactly correct. They buy government issued bonds and cash them in plus interest.
3. They do account for growth and inefficiency in the economy. It's called inflation.
1. I think you're sort of right & I sort of wrong on this one (I oversimplified/exaggerated, but so did vid). The money is flowing around for different uses & its supply is ever changing..It's never at the 9x level is it?(unless maybe everything has been produced already & those producers incurred no debt for their production activity). It's more likely to assume the person who got money for goods they produced used it to pay off debt to some extent & in that case the money vanishes (I think)
3. Yeah, but some level of inflation isn't necessarily bad.
To think along lines of something like: I buried $10 in my yard in 1913 & deserve it to have $10 in buying power today is ludicrous. I could've used $10 to produce something more valuable than what I got the original $10 for, or could have invested it in bank (let others use it to improve standard of living) & got more interest rate than inflation rate even in the case of doing nothing.
1. Never at the 9x level? It's worse! The majority of money created is exponentially increasing after every deposit and loan. Look up fractional reserve banking and check out the examples then figure that every bank every where is operating by these rules. Staggering.
3. If you put $10.00 in your backyard in 1910 and dug it up in 2010 (disregarding the fact that it probably would have been a gold certificate) you lost a couple of hundred bucks or so...
1. I get the concept, just hard to accept that it ACTUALLY happens to such an extent. I guess the troubling thing is that it is even possible.
Also, not sure this practice fully accounts for increase in money we've seen, could be other factors (will have to look into that more I guess)
3. Hmm, I don't follow. Yes, I'd have lost wealth, but I'm saying I don't think that's all bad..I was just dumb to have made that choice. What is wrong w/ this reality/consequence & inflation level we've had?
There are several things wrong with inflation. It is really a very cruel tax. It debases our currency and therefore lessens the value of your savings and your earnings. Savvy investors are always trying to invest to a degree where they account for taxes PLUS inflation. They have to "dig" their way out of a hole before they can consider a profit. What's wrong is that not everyone is or could be a "savvy" investor. Just think about the elderly who can't survive on their SS payments.
I hear you on all that. My point is that inflation is caused by other things besides just money supply, but of course money supply is big factor. And I don't have a big problem w/ the inflation that's actually happened as long as the non-savvy people who can be hurt by it are covered, and I think they are.
Soc Sec & other pension payments can & do account for inflation.
People who save money they already earned put it in a savings account & over the long haul they wouldn't have lost anything
Supply and demand for goods and services makes prices flucutate, but with our government monetizing the debt and the Fed fooling with our overall money supply, we are victims of inflation.
I also disagree that "non-savvy" people are covered. That is a huge promise by politicians. SS and pensions, largely do not account properly for inflation. My friend (86 years old) would still be a member of his country club if they did.
People who just put their money in savings get screwed.
it is not nonsense and in fact this effect is much more bigger (because the real fractional reserve requirement is closer to 2 %) .... look at your explanation and tell me one thing..... where goes the money who has been used to pay those things??? to the people who sold it..... and them put it into a bank account.... or they buy something with it and the man who is paid put it in a bank account.... so finally this money goes back in a bank account and thiss effect goes on and on....
Well, yes you can go further as your example, but at end of day I think it's only 'net profit' from all these transactions that could represent bank deposits (correct me if wrong, this IS a bit confusing).
I think it would only 'possibly' baloon to 9x or whatever in case when production slows down or halts (i.e. people just liquidating assets), but banks would never be loaning much in that condition because given zero production how would loan be paid off?
So to clarify & answer your ?: "where goes the money who has been used to pay those things???"
I think much of it would be paying off loans, e.g. car dealer pays his workers, rent, etc. but probably has incurred loan/debt in the 1st place to start his business so he'd be paying some toward that (as would the workers paycheck & landlords rent income be paying off their debts to some extent). This factor is what reduces money supply offsetting money expansion from new loans.
All propaganda must be so popular and on such an intellectual level, that even the most stupid of those toward whom it is directed will understand it... Through clever and constant application of propaganda, people can be made to see paradise as hell, and also the other way around, to consider the most wretched sort of life as paradise. Adolf Hitler.
The slogans of Newspeak are War is Peace Freedom is Slavery and Ignorance is Strength.
3:55 I don't get how the 9 bill. is created on top of the existing 10 bill. Using that Res. Req., wouldn't 9 bill. of that original 10 bill. be loans and then the extra from that would be 1 bill. which is the reserve? At 4:46 he did it differently than before & how I've seen others do it, where the 10% of the 9 bill. is isolated as reserves & was not created on top of the 9 bill. I am just guessing but did he do it differently the 1st time b/c that 10 bill. directly came from the F.R.? HPM?
I think, that when you're bank 'credits' you with a loan it's not being taken out of the money supply directly. Since you've promised to pay it back, it's theoretically still in the balance. Based on this, the bank can still give out loans equivelant to 9 times the original deposit they took in from the reserve. i.e. You have 10 dollars, save 1 dollar and loan 9 to a friend. If he does the same and the other does the same etc, by person number 4, there's 46.91 after being distributed in total.
I beleive he is a little incorrect here. If the 10 billion came form the Central Bank it would be known as High Powered money and could be multiplied using the ratio of 10 (deposits):1(reserves). But if it is part of the commercial banks deposits then it would be divided by 10 instead.
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THIS VIDEO IS A COMPLETE JOKE, all people who feel so strongly about this video should not be allowed to live. it is because of this very system that you have money in your pocket. the whole idea of having a revolution and killing bankers is stupid!! this is pure communist bullshit!
Americans has become just like the Hebrews in the Bible, they owned the land and the animals on it, but to gain grain during a famine, they gave themselves over to slavery by the Egyptians and suffered for 400 years, now the people in America are doing the same thing to save 3 millions jobs, enslaving us while the rest of the country suffers from their bad decision, based solely on fear!
Our whole Financial System if a Ponzi scheme, our Treasury has no money to speak of they are having the Federal Reserve making money out of thin air! It is the biggest scam there is, the money only has a value of four cent on the dollar, which is why we have no buying power, and why everything cost so much! If you want to know where our money comes from read Modern Money Mechanics, the Federal Reserve put it out!!!
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Nevermind, I recind my last comment. I showed this to my dad, and he set me straight. I figured my dad would know a little more about the economy and how it works than the same people who brought you the biggest (read: stupidest) 9/11 conspiracy theory on the face of the planet.
Set us straight, then. Nevermind 9/11, that has nothing to do with it. Is money not representative of debt in modern banking? Do the banks not create money? Would paying back the US government deficit not annihilate the money supply?
Just honest questions. I checked the document used as a source in this video, and the answers seem to be "yes" to all of my questions above.
The amazing thing is currently you create credit when you take out a loan. The bad thing about this is that there is Interest attached to the Principle. From a philosophic view this is why you are a serf or a slave to thhe owners of the banking corporations.
P+I > P
.. and since "I" (Interest) is never added to the money supply (because all money has to be borrowed) and it (Interest) can only be repaid if the overall money supply keeps growing there are many foreclosures built in
@helgihg So instead of fixing the system just continue to inflate everything? That way personal debt is inevitable... People actually used to be able to save up for a house that now takes decades to pay off.
@helgihg yes nevermind 9\11 because thousands more have already died in the war on "terrorism" and on both sides...the earthquakes in Japan now thats a real tragedy that has a real impact on millions in the very physical sense as well as mentally
Amazing how mind conditioning works!,for in a short while you recind your first logical comment and go into denial, putting ones head in the sand, does not make the problem vanish. Wake up before it is too late for you!
If you want to know how the economy works you're better off sticking with Steve Keen.
watch?v=xfXimjtz4GA
KenMacMillan 1 day ago
Sounds like a Pyramid scheme and/or Ponzi scheme.
QuangNokonoko 1 month ago
This was sooo sickening after I watched it, but I'm glad I'm aware... Surprisingly, my mom already knew since she worked as a banker/insurance broker and she's known this for a very long time.
sublimegirl209 5 months ago
"Give me control of a nation's money and I care not who makes the laws."
Rothchild
US Dollar is world reserve currency. whoever own the federal reserve rule the world . US don't produce anything with value anymore they just print money and inflate rest of the world.
They are bloodsuckers, stealing from people who work and produce things with inflation Fed create around the world.
shrit110 5 months ago
Zeitgeist (Addicted To The System) 9/11/11
ZEITGESITADDICTED 5 months ago
Does this account for only the US or most other countries?
WoodenComp 6 months ago
@WoodenComp Any country with a central banking system, so yeah pretty much the entire world or any country part of the international banking system.
steeldragonx 4 months ago
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@WoodenComp Almost every country in the world.
StrangeIsMyWorld 3 months ago
@WoodenComp The worlds banking system works in basically the same way although believe or not, the UK and i think europe are less regulated in the amounts of money (bank credit) private banks can create in relation central bank money.
Its the root cause of todays world debt problems imo.
mrblack61 3 months ago
Infiltration ftw! For us who lives in sweden it's realy cheap to buy from the States! haha for an exampel, a iphone costs 1 255,89$ if we buy it in Sweden, but $299 in the US. Good for us we can buy it from you, but i have money to buy one in Sweden without problems. In a smaller scale, a small can of coca cola costs about 1.38 for you right? In Sweden we pay over 2$ for that.
humankiller666 6 months ago
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Crazy right? To find out an alternative to the current "Monetary system" Watch the full movie. Resource-based economy.
EmptyCupsTZM 7 months ago
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Warning! Zeitgeist is Illuminati/NWO propaganda. 100%.
Axxess7777 8 months ago
for all of you that thinks that this a waste of time/or not true/etc.. etc., don't just take this video or the book for confirmation, research it yourself, because a lot of this info is out there, & then just take a look around you, it's quite obvious that what "they"say is happening doesn't line up with what "we're" living with day to day. If nothing else, at least this video show make you ponder the age ole question?? What if?? Gotta wake up people.....
jasont0815 9 months ago
oh man why is it so many people on here didn't even watch the whole video or the movie or even did any investigating to find out the validity of the videos contents...I guess if it would have been on CNN then people would listen..its like people only can think of the worst and can't stop for a second and question our situation...Money is not god and doesn't make the trees grow..we don't need money for incentive to survive...money is not real no matter how you spread or shape or color it..;)
Bleeding1408 10 months ago
@Bleeding1408 Actually Money is God. When capitalism was created, the rich and powerful created a character called God. They made the poor believe he was real. The Bible was used by Governments to create law and order. The poor obviously lacked education and healthy nutrition so they developed into mentally and physically weak beings. It wasn't God that controlled or guided the poor. It was Money. So fuck off with that little wink at the end of your comment you ignorant idiot.
dervish2173 7 months ago
This video might as well be the banking system for dummies. Laughable at times.
adambull 11 months ago
You people haven't a clue firstly this video is referring to a banking document that is totally false straight of the bat and claiming its credibility MORE THE FOOLS. Indeed if any of you could actually think for yourselves you would know banks don't create money.
I will leave you with this QUESTION if every nation is in debt WHO is the real creditor.
If you answer its the Rothschild's,Rockefeller's ,offshore banks or banks in general you would be totally incorrect and indoctrinated with LIES.
chotaboy66 11 months ago
@chotaboy66 Please enlighten us then, who is the real creditor?
securedpartyflorida 11 months ago
@securedpartyflorida YOU ARE or should I say we the people & we do it by the borrowers promissory note signature backed by the property value its self ,where the borrower (buyer) agrees on a price with the TRUE CREDITOR the seller (owner/ builder) who gets paid from circulation with money that has NO value .Banks DON'T create money they change money, our money into there money committing contract fraud & theft. Until you come to realize your all being duped you WILL FALL to your own ignorance.
chotaboy66 11 months ago
@chotaboy66 Ok, I am the real creditor, correct? what is the real form of money then that I would use a real creditor? What is this "our money" as you refer to? I am aware that fiat currency or paper currency that is not backed by gold or resources is worthless and only works in our system because it has "percieved" value but what form of money are you referring to as "real creditors money"? labor? gold? I think not, you cant go anywhere and pay at a resturant with a gold coin can you?
securedpartyflorida 11 months ago
@securedpartyflorida Our money is the borrowers promissory note backed by property its self which a PRICE is agreed upon by the borrower & the true creditor the owner or builder a nations wealth YOU work for ,ONLY its laundered out of circulation on its very conception by commercial banks by means of fraud, actually gausstruth is incorrect to a degree, the banks are not the true owners because they thieve it off us the people,starting with our promissory obligations to each other money creation.
chotaboy66 11 months ago
@chotaboy66 Are you saying that the dollars that the fed prints dont get their value from the other currnency already in circulation, thereby causing inflation because it has less purchasing power? If so you are wrong. I know that banks change money, we all know that, the problem is that banks are allowed to create new money in our system just upon the demand for loans, which werent even their money to begin with. There is no lawful form of consderation in that process thus voiding the contract.
securedpartyflorida 11 months ago
@securedpartyflorida thats not what this video is stating...to really understand it just look up the book..its only 50 pages and when you got the book in front of you and have read it..you will see just how right this video is:)
Bleeding1408 10 months ago
@Bleeding1408 I know this video is correct, I have a copy of the book. I wasnt implying that the video was incorrect.
securedpartyflorida 10 months ago
@chotaboy66 hahahaha man you want to talk about having a clue hahaha....the document your lying about is actually a 50 page book that is real and explains how our fractional reserve system works...its people that blindly follow the governments "facts" that will never suck it up and do real investigating into these things to find the truth for themselves....
Bleeding1408 10 months ago
@Bleeding1408 Please do tell What is the lie you proclaim I'm writing?
Would it be that banks DONT create money? if so then your doctrine is false.
I don't refute the documents existence.I refute the info within the document by claim of money creation by fractional multiplication which is a complete lie, if you knew anything about money creation pre expansion you come to the same conclusion, Banks dont create money rather they CHANGE ,expand & re issue money.Creation is NOT expansion GOT IT.
chotaboy66 10 months ago
@Bleeding1408 Furthermore If you indeed think expansion is creation you then fail to see fractional multiplication multiplies DOWN to ZERO eventually (3RD GRADE MATHS) ,UNLESS this process can be continued once again by a new promissory note created at a bank by WHO? ,oh please (MR ha ha) do tell me then WHO actually creates money and WHO is the actual TRUE creditor.
Or should I put it in simpleton terms, if every nation is in debt then who could possibly be the TRUE creditor? Think about it.
chotaboy66 10 months ago
@chotaboy66 u mad?
p2hku 10 months ago
For those that dont understand the problem with rising economy"inflation" here is a fast explanation. Say i earn 1300 dollars a month food costs 400 dollars a month and rest of the money goes to bills etc. If the economy rises "more inflation" the food suddenly cost 500 dollars a month but i still only get 1300 dollars a month from work. How in the world does this benefit the working people? If you can talk your way out of this and tell me how it benefits the working class. I am all ears.
KimWBoris 1 year ago
@KimWBoris 2 types of inflation.
1) Price inflation IS due to INTEREST its self, interest is never created to start with so business that are in debt jack there prices up to cover INTEREST payments.
2) Circulatory inflation a result of commercial banks laundering all principal & interest out of circulation via peoples loan repayments causing circulatory deflation ,a gov then gets into TERMINAL nation debt through a central bank re inflating circulation in an attempt to keep circulation vital.
chotaboy66 11 months ago
@chotaboy66 yes true if you have not read the book called "modern money mechanics" its 50 pages and makes it easy to understand how our fractional reserve system works...It wasn't on cnn so I dont know if it real:)
Bleeding1408 10 months ago
so bonds are juust pieces of paper? little misleading
steveo451 1 year ago
5)
@8:31
"Every single dollar in my wallet is owed to somebody" oh really?. When a person
puts a dollar in their wallet, they are putting base money into their wallet. Base money is not owed to anyone ( unless you think of it as a liability to the Fed ). The statement that if everyone paid off all debts there would not be 1 dollar left in circulation is wrong to. True, most money has came about because of Tres purchases by the Fed, but as these Tres's have come due, the money was returned.
GaussTruth 1 year ago
@GaussTruth "a tax on us all is a betterment for us all".
Are you fuckin sick?
drcz666 1 year ago
@drcz666
Absolutely not. The expansion of the monetary base, step by step, by the Fed, is very much necessary to facilitate the growth of our economy. Expansion of the monetary base is very much a tax on every body, as it has always been, as it will always be . But what one must understand is that, this is necessary for the growth of our economy, nee, the growth of any economy.
GaussTruth 1 year ago
@GaussTruth - Bill Still has been proposing that the country print its own money, proportional to population growth (NOT the growth of the economy) and not a central, for-profit bank.
Under the current system, the shareholders have more power than the President, and are virtually beholden to no one.
FooFooTheClown 1 year ago
@FooFooTheClown You mean the shareholders who just earned a $1.6 billion dividend payment last year?
Ignoring the fact that the US Treasury received a $78.4 billion payment.
patbarkley 1 year ago
@GaussTruth Yeah and when the world supplies grow thin the economy will rise even higher only making it possible for millionaires to acctuly buy something. And the worst thing is that already the millionaires dont even need to pay tax or any health insurance etc. The growth of economy only benefits those that already have to much money it can never and will never help the working class if they dont change the salaries with the rising economy.
KimWBoris 1 year ago
@KimWBoris doesn't*
KimWBoris 1 year ago
@GaussTruth and where you gettign your info from
krypekeeper 1 year ago
@GaussTruth - I think the world around us would serve to vindicate us, if we see something morally askew about this system and how it relates to the ruling class in our society. Hard-wiring a system of inequality only benefits those at the top of the pyramid.
FooFooTheClown 1 year ago
@GaussTruth you are incorrect, if every dollar was paid back the fed would own it all, they print the money, you cant get it anywhere else, so you have to go back to them to print more just to pay the interest. All money created is the Fed's, you dont own anything, ultimate ownership rests with the state.
securedpartyflorida 11 months ago
@securedpartyflorida no your confusing the federal reserve with our government...they are in fact they are seperate from eachother...if we let them they can take everything from us...but we won't let the greedy fat men get away with it and I think that soon we will have to decide whether or not money isthe true master of our destiny as living beings:)
Bleeding1408 10 months ago
4)
@7:45
anyone who thinks that the general inflation we have had over the past 100 years is a bad thing, does not understand the basics of our monetary system. The inflation of from 2 to 4% yearly is a necessary component of capital and entrepreneurial investment. Essentially, excess monetary base expansion above natural GNP is put there to allow borrowing above the natural GNP so that new business can be created. A tax on us all for the betterment of us all.
GaussTruth 1 year ago
@GaussTruth go spread your bullshit on some bill o'rielly videos. they might buy it.
krypekeeper 1 year ago
3)
@6:10
As much as I have respect for Ron Paul, he is mostly wrong on monetary matters. Money is normally expanded and contracted by the Fed to balance the expansion or contraction of the GNP. Unprecedented expansion of the monetary base during the past few years is an unusual exception, that can't be explained here in this limited post space. All newly created money will eventually fall back into excess reserves, when the economy picks up, raising reserve interest rate will kill inflation.
GaussTruth 1 year ago
@GaussTruth WTF?...YOU KNOW NOTHING ON HOW THIS ECONOMIC MONETARY SYSTEM WORKS...LUDWIG VON MISES WOULD SLAP YOU SILLY BOY!!!!!
manidafonz83 1 year ago
2)
@3:45:
Money is not "created" out of nothing, anymore than if I loan you a dollar, two dollars have been created. If I loan you my dollar, and a bank guarantees that if I wish to spend my dollar that I loaned, they will find that dollar and "borrow" it ( @ Fed Funds bank rate ), from whomever has it, and give it to me to spend. No money has been created, debt has been created by whomever has borrowed that dollar. Base money ( that 1 dollar ) has stayed the same.
GaussTruth 1 year ago
1) the Treasury does not "call" up the Fed and ask for money. The Treasury
sells debt to the general public, it does not sell debt to the Fed. The Fed
purchases Treasuries through approx 18 bond trading agencies, Solomon being just one.
GaussTruth 1 year ago
It's in sane how we are modern slaves to
The banking system & the F up part is that society doesn't know how corrupted the banks really are. Money = debt x interest & credit what keeps us average income people stuck or loosing property -- some day it will all come to and end & the infamous $ dollar will perish to dust! How sad but true ! The Federal Reserves -- was an act of greed n even now the millennium system is full of inflation where it would only keep on growing people what to do? Fraud
Nena81ish 1 year ago
every time i watch this movie it becomes more and more eye opening, how can that happen, it's the same information lol.. i guess the point hits home even harder every time.
musicizgood 1 year ago
@musicizgood Have you watched the video Alan Watts - Money?
If only the slaves realized the true power of paper chains.
MrSammo1 1 year ago
@MrSammo1 no but i will be sure to check it out.. is it like the money masters or secret of oz?
musicizgood 1 year ago
@musicizgood It's like neither. It's short, to the point, and explains the simplicity of enslaving the masses.
MrSammo1 1 year ago
This has been flagged as spam show
True Free energy devices exist,But Millions are spend in supressing that information,Get a motor that works with the power of magnets only at LT-MAGNET-MOTORdotCOM ,Let the revolution begin!
cadentavaricegrtrj 1 year ago
Do all banks do it this way ? or just the fed ?
manoukiano 1 year ago
@manoukiano every bank that uses "fractional reserve" banking, so yes every bank in our system uses this practice.
securedpartyflorida 1 year ago
@manoukiano the fed is a bank.... so all banks
TheMEK3 1 year ago
@manoukiano ALL BANKS!
MrMarkbad 1 year ago
Please see the two websites:
digitalcoin info
and
swarmusa com
prayfortruejustice 1 year ago
if this video had come out 100 years ago it still would of not solved anything.
onthecuttingedge2005 1 year ago
@onthecuttingedge2005
"Would have not solved anything." Not "Would of." You mean "Would've." It's a word.
FooFooTheClown 1 year ago
Well well, the first thing i want to say is that money is not created from nothing.... if you take a book of economics and read it well ... you will see that all the money who's created by the federal bank is insured by gold or currencies so this money DOES NOT COME FROM NOWHERE !!!!
teamfrench1 1 year ago
Second thing... the thin air explanation... this money is not created from thin air.... it comes from commercial transaction.... i will give an example: X put 10 000 on his bank account, the bank make a loan of 9000 to Y and have to keep 1000. Y use the 9000 to buy a house and than give the 9000 to Z who sold the house. So Z put the 9000 on a bank account also... but his 9000 does not come from nowhere they come from the value of his house who has been sold etc. !!!!!
teamfrench1 1 year ago
Now the interest... it represents the gain of value of somthing in the time and then it is to cover the loss for the bank of not investing it in something else... example: the bank decides instead of loaning this money to use it to create a firm who creates a product... this firm will earn money by selling his products and then the bank would have earn money by the earning of the firm....
teamfrench1 1 year ago
so the interest is a value of somthing IN THE TIME.... it means that this money will be created later but this money WILL exist also..... or you can see has a payement of a service !!!!
Well i think the idea of this movie is good but the arguments and the way of showing it is terrible..... it too simplified REALLY too simplified and make it look like evil....
But i agree our actual system is bad for the majority of us cause of the abusive comsuption system that appears in it .....
teamfrench1 1 year ago
Comment removed
johnnypop82 1 year ago
enlighten us
frogprince81 1 year ago
Comment removed
johnnypop82 1 year ago
thats godd for you and what not
but this is actualy a documentry
and an award winning one i may add
not some video
and you do sum research, they dont leave parts out at all
and its not just to freak you out
MrSir98 1 year ago
@MrSir98
No this is biased propoganda...it is not a complete picture or even completely accurate. It's a pretty good vid though...makes you think about the system at least.
ElDukerino1 1 year ago
Comment removed
johnnypop82 1 year ago
The part about fractional reserve requirement of 10% turning $1 into $10 is nonsense! It would never EVER happen like this because people don't take loans and then just deposit the funds & let sit in a bank..people get the loan to pay for building or buy something, not to put it in their bank!! They'd be stupid!!
I am interested in how the "initial" money is created though. Does the Federal Reserve really just make the money..I wouldn't think so, but I'm not sure how that part works. Anyone?
ElDukerino1 2 years ago
Excuse me Sir....This video is EXACTLY CORRECT... You need to watch this video several more times. You completely misunderstand.
What "Money As Debt"... that should help.
BourneAccident 2 years ago
I'm only questioning the premise that people get a loan & then just deposit the funds in the bank. That is the premise you'd need to claim that $1 becomes $10 and that is the premise this video assumes to be the case.
There are some other problems w/ this vid, but this was one that popped out to me most (it's the same in "Money as Debt").
I will tell you I like the vid very much..I'm only questioning it to make it better.
I'd suggest you do the same as EXACTLY CORRECT is a dubious analysis.
ElDukerino1 2 years ago
When people deposit money in the bank, it becomes $9 then when deposited again becomes $8 because each time they need to hold 10% as a reserve.
Also, I agree... Exactly correct is a dubious analysis, but I guess I was over emphasizing to make the point.
What are the other problems with this video?
BourneAccident 2 years ago
Yes, the logic is okay, but in actuality people don't keep depositing loan money..think about it, if you get loan would you deposit money in the bank (i.e. would you take a loan & pay 5% interest cost & use those proceeds to deposit & earn 1% interest income)?
Other problems are:
1.) Implying that the Fed is owed principle on the money it creates out of nothing.
2.) Not accounting for the growth/efficiency in the economy alongside the increase in money supply (it is important relationship)
ElDukerino1 2 years ago
Let me address these things in order:
1. When people borrow, they spend, and the receivers of that money "most likely" deposit that money. Since the entire banking system is a closed loop, the money always returns to the banks.
2. You are right. Implying that the fed is owed principle on money it creates is not exactly correct. They buy government issued bonds and cash them in plus interest.
3. They do account for growth and inefficiency in the economy. It's called inflation.
BourneAccident 2 years ago
1. I think you're sort of right & I sort of wrong on this one (I oversimplified/exaggerated, but so did vid). The money is flowing around for different uses & its supply is ever changing..It's never at the 9x level is it?(unless maybe everything has been produced already & those producers incurred no debt for their production activity). It's more likely to assume the person who got money for goods they produced used it to pay off debt to some extent & in that case the money vanishes (I think)
ElDukerino1 2 years ago
3. Yeah, but some level of inflation isn't necessarily bad.
To think along lines of something like: I buried $10 in my yard in 1913 & deserve it to have $10 in buying power today is ludicrous. I could've used $10 to produce something more valuable than what I got the original $10 for, or could have invested it in bank (let others use it to improve standard of living) & got more interest rate than inflation rate even in the case of doing nothing.
Inflation itself needs to be put in perspective.
ElDukerino1 2 years ago
1. Never at the 9x level? It's worse! The majority of money created is exponentially increasing after every deposit and loan. Look up fractional reserve banking and check out the examples then figure that every bank every where is operating by these rules. Staggering.
3. If you put $10.00 in your backyard in 1910 and dug it up in 2010 (disregarding the fact that it probably would have been a gold certificate) you lost a couple of hundred bucks or so...
BourneAccident 2 years ago
1. I get the concept, just hard to accept that it ACTUALLY happens to such an extent. I guess the troubling thing is that it is even possible.
Also, not sure this practice fully accounts for increase in money we've seen, could be other factors (will have to look into that more I guess)
3. Hmm, I don't follow. Yes, I'd have lost wealth, but I'm saying I don't think that's all bad..I was just dumb to have made that choice. What is wrong w/ this reality/consequence & inflation level we've had?
ElDukerino1 2 years ago
There are several things wrong with inflation. It is really a very cruel tax. It debases our currency and therefore lessens the value of your savings and your earnings. Savvy investors are always trying to invest to a degree where they account for taxes PLUS inflation. They have to "dig" their way out of a hole before they can consider a profit. What's wrong is that not everyone is or could be a "savvy" investor. Just think about the elderly who can't survive on their SS payments.
BourneAccident 2 years ago
I hear you on all that. My point is that inflation is caused by other things besides just money supply, but of course money supply is big factor. And I don't have a big problem w/ the inflation that's actually happened as long as the non-savvy people who can be hurt by it are covered, and I think they are.
Soc Sec & other pension payments can & do account for inflation.
People who save money they already earned put it in a savings account & over the long haul they wouldn't have lost anything
ElDukerino1 2 years ago
Supply and demand for goods and services makes prices flucutate, but with our government monetizing the debt and the Fed fooling with our overall money supply, we are victims of inflation.
I also disagree that "non-savvy" people are covered. That is a huge promise by politicians. SS and pensions, largely do not account properly for inflation. My friend (86 years old) would still be a member of his country club if they did.
People who just put their money in savings get screwed.
BourneAccident 2 years ago
it is not nonsense and in fact this effect is much more bigger (because the real fractional reserve requirement is closer to 2 %) .... look at your explanation and tell me one thing..... where goes the money who has been used to pay those things??? to the people who sold it..... and them put it into a bank account.... or they buy something with it and the man who is paid put it in a bank account.... so finally this money goes back in a bank account and thiss effect goes on and on....
teamfrench1 1 year ago
@teamfrench1
Well, yes you can go further as your example, but at end of day I think it's only 'net profit' from all these transactions that could represent bank deposits (correct me if wrong, this IS a bit confusing).
I think it would only 'possibly' baloon to 9x or whatever in case when production slows down or halts (i.e. people just liquidating assets), but banks would never be loaning much in that condition because given zero production how would loan be paid off?
ElDukerino1 1 year ago
@teamfrench1
So to clarify & answer your ?: "where goes the money who has been used to pay those things???"
I think much of it would be paying off loans, e.g. car dealer pays his workers, rent, etc. but probably has incurred loan/debt in the 1st place to start his business so he'd be paying some toward that (as would the workers paycheck & landlords rent income be paying off their debts to some extent). This factor is what reduces money supply offsetting money expansion from new loans.
ElDukerino1 1 year ago
All propaganda must be so popular and on such an intellectual level, that even the most stupid of those toward whom it is directed will understand it... Through clever and constant application of propaganda, people can be made to see paradise as hell, and also the other way around, to consider the most wretched sort of life as paradise. Adolf Hitler.
The slogans of Newspeak are War is Peace Freedom is Slavery and Ignorance is Strength.
Google: Can Bush be Prosecuted? & Zeitgeist:
MaSteRKuSH010 2 years ago
Free Energy will solve most of this corruption.
saltydog78 2 years ago
each so called loan is FRAUD
the borrower writes out a promise to pay, the loan contract.
the bank creates a deposit of fiat currency backed by nothing, another promise to pay.
its an exchange NOT A LOAN
wazza33racer 2 years ago
This is the Fraud of Money, this is how the Bankers have the entire Planet in Debt Slavery.
This is the reason why 50,000 people die a day of starvation.
ProsperityGlobal 2 years ago 15
geist (german) = spirit, ghost
zeitgeist (german) = "spirit of the times"
goddard33 2 years ago 2
Zeitgeist (German) = the gost
truthsayer1000 2 years ago
3:55 I don't get how the 9 bill. is created on top of the existing 10 bill. Using that Res. Req., wouldn't 9 bill. of that original 10 bill. be loans and then the extra from that would be 1 bill. which is the reserve? At 4:46 he did it differently than before & how I've seen others do it, where the 10% of the 9 bill. is isolated as reserves & was not created on top of the 9 bill. I am just guessing but did he do it differently the 1st time b/c that 10 bill. directly came from the F.R.? HPM?
high5flyer 2 years ago
I think, that when you're bank 'credits' you with a loan it's not being taken out of the money supply directly. Since you've promised to pay it back, it's theoretically still in the balance. Based on this, the bank can still give out loans equivelant to 9 times the original deposit they took in from the reserve. i.e. You have 10 dollars, save 1 dollar and loan 9 to a friend. If he does the same and the other does the same etc, by person number 4, there's 46.91 after being distributed in total.
toregan2004 2 years ago
I beleive he is a little incorrect here. If the 10 billion came form the Central Bank it would be known as High Powered money and could be multiplied using the ratio of 10 (deposits):1(reserves). But if it is part of the commercial banks deposits then it would be divided by 10 instead.
high5flyer 2 years ago
This comment has received too many negative votes show
THIS VIDEO IS A COMPLETE JOKE, all people who feel so strongly about this video should not be allowed to live. it is because of this very system that you have money in your pocket. the whole idea of having a revolution and killing bankers is stupid!! this is pure communist bullshit!
jacboli05 2 years ago
Zeitgeist is not about a revolution or killing -anyone-.
Get a clue please.
It is because of this system that there is war, skyrocketing poverty, etc,.
Our standard of living is thanks to science/technology ... not money.
brentoneccles 2 years ago 24
@brentoneccles
^ yes.
synbin24 1 year ago
@brentoneccles And what enabled the growth and implementation of science/technology?
axeld93 1 year ago
@axeld93 what inhibits it as well /
snapseven7 1 year ago
@snapseven7 Sure, but you'll have to agree it helps far far more than it inhibits. And I wouldn't use the word inhibits either. Maybe "channels".
axeld93 1 year ago
LOL. Money is just a problem you jackass... I guess youre brains are to small to think ''outside the box''
No problem, we have special houses for people like you in Holland, you can live here!
TeunisD 2 years ago
Глейдаите целия филм - и другия за расите и религията :Д
revengelighta 3 years ago
english please !!!!
truthsayer1000 2 years ago
Americans has become just like the Hebrews in the Bible, they owned the land and the animals on it, but to gain grain during a famine, they gave themselves over to slavery by the Egyptians and suffered for 400 years, now the people in America are doing the same thing to save 3 millions jobs, enslaving us while the rest of the country suffers from their bad decision, based solely on fear!
proverb311031 3 years ago
Our whole Financial System if a Ponzi scheme, our Treasury has no money to speak of they are having the Federal Reserve making money out of thin air! It is the biggest scam there is, the money only has a value of four cent on the dollar, which is why we have no buying power, and why everything cost so much! If you want to know where our money comes from read Modern Money Mechanics, the Federal Reserve put it out!!!
proverb311031 3 years ago
This comment has received too many negative votes show
Nevermind, I recind my last comment. I showed this to my dad, and he set me straight. I figured my dad would know a little more about the economy and how it works than the same people who brought you the biggest (read: stupidest) 9/11 conspiracy theory on the face of the planet.
fafnir242 3 years ago
Set us straight, then. Nevermind 9/11, that has nothing to do with it. Is money not representative of debt in modern banking? Do the banks not create money? Would paying back the US government deficit not annihilate the money supply?
Just honest questions. I checked the document used as a source in this video, and the answers seem to be "yes" to all of my questions above.
helgihg 3 years ago 12
@helgihg
The amazing thing is currently you create credit when you take out a loan. The bad thing about this is that there is Interest attached to the Principle. From a philosophic view this is why you are a serf or a slave to thhe owners of the banking corporations.
P+I > P
.. and since "I" (Interest) is never added to the money supply (because all money has to be borrowed) and it (Interest) can only be repaid if the overall money supply keeps growing there are many foreclosures built in
prayfortruejustice 1 year ago
@helgihg So instead of fixing the system just continue to inflate everything? That way personal debt is inevitable... People actually used to be able to save up for a house that now takes decades to pay off.
rexx104 1 year ago
@helgihg yes nevermind 9\11 because thousands more have already died in the war on "terrorism" and on both sides...the earthquakes in Japan now thats a real tragedy that has a real impact on millions in the very physical sense as well as mentally
Bleeding1408 10 months ago
What did he tell you to do ingnore it? I fell sorry for you, another sheep being lead!
proverb311031 3 years ago
Amazing how mind conditioning works!,for in a short while you recind your first logical comment and go into denial, putting ones head in the sand, does not make the problem vanish. Wake up before it is too late for you!
Astronaut14 3 years ago
My friend just showed me this video. Not even I could refute the facts presented here. This is just too plain creepy.
fafnir242 3 years ago
disturbing, infuriating, hopeless
kayakchik 3 years ago
kill the goverment and federal bankers
goodgame79 3 years ago 2