Part 1-1 Debt-Free, Interest-Free Currency Seminar Ajax, Ontario, Canada 2010 09 26

Vic Beck shares a view on how to influence change the legislature to have interest free and debt free currency. He explains this in detail and what the current situation is like. Many quotes are taken right from the minutes of House of Commons Standing committee meeting minutes in 1939...the legal tender or Money system has not changed since 1939. Lets educate ourselves and make the change happen.

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Education

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[kingofthepaupers]

Jct: What a stupid explanation to say that there's a shortage of money because out of the gross pay, workers only have their net to spend. The government spends the other part! The shortage of money has nothing to do with transactions in the economic pool. It has to do with borrowings from the bank pumphouse where all borrow P and all owe P+I. No amount of splashing the pool to governments has any bearing on the shorgage in the pumphouse.

[Ghoppa77]

@kingofthepaupers I appreciate everything you have to share but the "stupid" comment, there is no need for that, everyone is entitled to their own perspective and respect for that is important, thank you for sharing the video, Peace to you.

Steven

[kingofthepaupers]

@Ghoppa77 To say we're short of money because we splash some to government and ignore that government spends it too is what? Ooops. Get it wrong and be proven wrong in the first few minutes. I was angry because a respected community currency advocate had referred me to these two whom I know never caught on that the only malfunction was the positive feedback at the pumphouse. 30 years my buddy's been working on them and he sends me over to check. Within minutes, they again blow all credibility?

[Ghoppa77]

@kingofthepaupers There is no positive feedback from the pump house, you may have heard something in the first 30 seconds but what about the minutes from the House of Commons Standing Committee Meetings in 1939 that explain the system very clearly how it works and how it could work better...when you have to borrow someone elses commodity (legal tender) at interest and interest is not created there is a fundamental mathematical problem...bankrupcy is inevitable...someone (one of us) loses...Peace

[Ghoppa77]

@kingofthepaupers Good luck with your point of view, I don;t see it though, especially when the people who were responsible for unfolding this legal tender system are telling us in black and white how it works...its in the math, not the plumming or the casino

[aboisjoli]

@john trumell aka "king of the paupers" you should learn something from these guys they know their stuff. They just dont know how deep the rabbit hole goes!

[finditherefirst]

Interest Free Usury Free is the only way! Up here in Ottawa I have been working with Tommy Kennedy on many video's illustrating this currency alternative. Thanks!

[unlistedoo7]

Hey Vic is this yur channel? Nice to see you on Youtube....

[TheFreeman1954]

Awesome stuff, now is your chance to stand up and say what you think to the Government about our terrible money system.