Zeitgeist Addendum: Monetarism / A System of Modern Slavery part (2/3)

Illyria (Balkan) Forums http://illyria.proboards.com/ / The continuation for Zeitgeist, the Movie, Zeitgeist: Addendum discusses the Federal Reserve System in the United States, the CIA, corporate America and others, concluding with the advocating of the Venus Project, created by social engineer Jacque Fresco. The documentary is separated into four parts: Part I criticizes the practice of fractional-reserve banking and criticizes the way the Federal Reserve creates money. Their argument goes as following: Dollar bills get printed, or the money supply is increased, when the Fed buys Treasury Bonds. This money ends up in commercial banks. Then, once that money becomes a reserve in banks, it becomes "multiplied" through the fractional-reserve system, and then loaned to customers. The film claims that such a system is "absurd" because the Interest that must be paid for the money that was loaned does not exist; it was never created. The film compares this system to a game of musical chairs, in which a person will also be left-out. The film does not attempt to go in detail to explain all that is involved with money and banking, but tries to explain the most basic aspect of a money system. This subject is also touched in the first Zeitgeist film. http://www.armannd.com/zeitgeist-addendum.html

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