Debt Crisis Part 2 - A Too Good to Be True Solution

Please watch part 1 http://www.youtube.com/watch?v=Pjr6QS7eOPo
first to understand the issues involved. Also watch "Money Masters" and "Debt as Money" on Google video.

Category:

News & Politics

Tags:

• stock
• market
• crash
• recession
• depression
• federal
• reserve
• fractional
• banking
• debt
• 401k
• investment
• money
• magritte
• escher

[2527354]

btw, excellent choice of visual culture - neue sachlichkeit and neo-dada, among my favorites! and what's the name of the song? liked it as well :)

off: i hate character limit per post.

[EscapePlatosCave]

thanks, I wrote the music myself, made original loops in REASON and put the mix together in ACID. music at myspace/mrdreamstream.

[supiammike]

Thanks for the video. This American Life has been doing a great job discussing the problem as well. Thanks for proposing an alternative solution instead of just saying the governments is wrong. I am not sure if it would work though. Wouldn't that just increase inflation. I believe we should create laws so people are not allowed to go in debt such as do not allow banks to create risky loans and define what that statement means or enforce Payment of credit card statement so people cant sit in debt

[EscapePlatosCave]

I LOVE "This American Life" and I was incredibly disappointed that they did a whole hour on banking and somehow omitted the "fractional reserve" part. Scary.

Inflation happens when the money supply is increased too quickly - when the banks are in control they always produce inflation since they profit from creating debt/money. This inevitably leads to where we are now, not being able to keep up with all that debt, the money supply credit freezes, and you have a depression.

[EscapePlatosCave]

The fractional reserve system is insidiously built that people must buy on credit in order to keep the money supply flowing. The only way out is to end this system and restore a constitutional rational scientific control of the money supply directly under our democratically elected government.

[BiggerThinking1]

Ive seen ver 100,ooo videos on You Tube - this is obe of the best - why the hell its got only 1000 views is a mystery - and a disgrace! should be 100,ooo. Great work.

[kmav81]

only true soltion is BETTER HArDWARE

[morrissey8485]

You are an articulate, well-informed patriot! Your Don't be so modest. Your words are not in vein. Keep educating within your realm.

[doranda777]

No one is BASHING communism.Please choose a better choice of words when criticizing my comment.

[dudeitseddy]

Communism in fact is the complete opposite of what you said it is. Communism is a classless and equal society. The middle class and poor would actually benefit from it. Communism is not what you see in N. Korea, USSR, Cuba, etc... its actually a better way than Capitalism. Make sure you do some research before you begin to start bashing on ideologies

[Mastinox803]

F'n great video! You nailed it.

[2527354]

...pardon my socialist views, but i'd rather give technology a go. we are a couple of years (maybe a decade) away from being able to liberate ourselves from work, and that would be a great thing since work is also source of inequality. just as money, the value of work is also fictional, culture coded. all sorts of different labor should be valued equally instead.

[2527354]

might work, but this is not a fair solution. we cannot just "freeze" the world which is so unfair. we (europeans and americans) have been living on other ppl's back for way too long, and we really need this crisis to make some balance and bring more money to the ppl that *actually* produce something...