Money as Debt II Promises Unleashed (8 of 8)

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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.

http://www.moneyasdebt.net/

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[LanakristyDesigner]

My economy class didnt teach us this much, great video :)

[deltaxcd]

This is too complex and can be summarized in 2 categories.

money can be based on the past (goods) or it can be based on future (promises)

it is common sense that promises are made to be broken, so any system based on promises is unsustainable. unless someone else forced to pay.

system based on past is absolutely stable but people don't want stability.

[io007a]

@adepsa i agree man i see credit card fraud increasing in my city like 100 people have been arrested in the last 2 years for credit card fraud ,can i bring up a single idea DIGITAL BARTER ,it works like real barter only it's digital and by suply and demand the exchange is made in an instant ,i don't know if we have the computing power right now but by moore's law every 1,5 years we double the power of our proccesors so it wouldn't take long to achive that ,crazy or doable? simple opinion.

[adepsa]

as a computer engineer i see the digital money solution not a so easy solution to the problem. To avoid counterfeiting in such a system a control for all internet users must be achieved first, so forget about your anonimity. It also means total informatization at every level, every little farmer kid must have a computer and be part of a system to be controlled. 

[FrankiePoker]

The ultimate end of this series is totalitarian socialism. Do not be fooled. The banks may be bad, but government is far worse.

[Coolguyrob2006]

Haha, you can see from the comments that they're with it completely until they find out it's a slightly left wing reformist idea, and they just denounce it as 'SOCIALISM' in a jerk of the knee, bit like creationists and evolution.

[ShieldMaidenofBree]

When the last tree dies and the last river is poisoned and the last fish caught.. we will realize we can still go on preying on each other.

[pfnr37]

It had me till the last video. I don't think I can trust government to be our banker.

The Bible obviously saw this that is whay it had the following law.

Deuteronomy 15

Deuteronomy 15

Debts Canceled Every Seven Years 1 “At the end of every seven years you shall grant a release of debts. 2 And this is the form of the release: Every creditor who has lent anything to his neighbor shall release it; he shall not require it of his neighbor or his brother

[ScionAscendant]

I'm amazed to not hear what I think would be the most direct and simple, if painful solution. It's easy: End fractional reserve banking. Problem solved.

[dellwon]

Social Justice!?! like the first money as debt the first few episodes are cool, after that its leftist b.s.