Bailouts, stimulus packages, debt piled upon debt, where will it all end?
How did we get into a situation where there has never been more material wealth & productivity and yet everyone is in debt to bankers?
And now, all of a sudden, the bankers have no money and we the taxpayers, have to rescue them by going even further into debt!
Money as Debt II Explores the baffling, fraudulent and destructive arithmetic of the money system that holds us hostage to a forever growing DEBT...and how we might evolve beyond it into a new era.
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WOW!! I gotta admit, that im no expert in economics, but this was surely interesting. Now im wondering, why this kind of information never is shown on TV? This should be a mandatory movie in schools.
Seriously, if you like how this movie handles the subject of economy. Google "Zeitgeist Addendum", you can watch it on Google Videos or in parts right here on Youtube. Make sure it's the "Addendum" movie too, as there's two with similar names. It's gonna blow your mind, haha. :) It gives an insight to how money works, its purpose and above all, where we'd be without it.
I dont think you understand the Social Credit proposals.
The gold supply or whatever commodity used would be JUST as falsifiable, they could lie about that too, who would know how much is really in the vault?
GDP as a whole, however, is independently calculatable and confirmable, and it wouldnt have to be super-exact, even, the system has a high tolerance for that.
There arent any taxes under a social credit system, per se, the government spends money into existence.
like ben b. (the alchemist) printing paper gold? who would know how much is really in the vault as you stated paper and electrical money you can have it! if you dont hold in your hand its not yours
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The gold supply or whatever commodity used would be JUST as falsifiable, they could lie about that too, who would know how much is really in the vault?
GDP as a whole, however, is independently calculatable and confirmable, and it wouldnt have to be super-exact, even, the system has a high tolerance for that.
There arent any taxes under a social credit system, per se, the government spends money into existence.
paper and electrical money you can have it! if you dont hold in your hand its not yours