The History of Money - Part 3

The History of Money - Part 3

Category:

Education

Tags:

• money3

[Capulator8]

Amen to all this. Its pretty horrifying the first time you realise the system we really live in. After a while, it just seems like a really bad joke...

Support the zeitgeist movement! :D

[ishamim]

thanks bro. At least we've learn s/thing new. Do keep in touch.

[hoose5286]

great videos

[ishamim]

thanks bro. At least we've learn s/thing new. Do keep in touch.

[ASTF11]

the good thing about japan is that their debt is majoritarily owned by the japanese themselves so nobody else may ask for the money back and they can have as much debt they want :their governement just keeps on printing notes and thats cheap !!

they are smarter than us

[ASTF11]

you seem to forget one thing in your good videos:the fact that "we "owe this debt to PRIVATE BANKS since our diff governements forbid themself to be the only entity to create themself money and GAVE that right to "federal reserve" which only purpous is to make private profits out of money that should be peoples 's "property "through the gov (creation of fed voted by congress on the 23rd of dec 1913 while most of congressmen at home for christmas !!)

[teddythebenny]

good old japan, .. 250% debt to GDP.. thats $14 trillion in debt or so.. and they dont owe anyone much.. cause the Government owns the bank that actually lends the money... people put the money into the banks, and the banks buys govt bonds.. so in essence... deficits mean nothing in Japan.. 95% of all govt debt is domestic.. so really.. Japan isnt really in debt at all.. well wait debt = money.. figures.

[wpeake99]

so thats why the U.S has as much debt as they are worth

[OatSharpener]

Just bring back the gold standard and be done with it.

[piax00]

So the more debt a nation has, the 'richer' it is, or rather the richer its bankers are. No wonder the nation's leaders don't seem too concerned about the national debt. They figure that the populace will keep working, as well as their children, and grandchildren. Like slaveowners who liked their strong slaves to mate so that the offspring could be strong slaves too. Where is a Lincoln who would abolish this modern money/wage/debt slavery?

[CarlosPinto88]

This mecanism os the lowns based in the deb (in my opinion) the best potitic for growing economics, it helps the economy.

The problem is when the grow stops. Them ........ is a big sh......t.

[mdlittle5466]

@faenfoie Agreed...a Resource Based Economy is the only logical conclusion to the final Monetary Based Economy meltdown...

[mdlittle5466]

@CheckRaise1972 Hate to say it...but all that 'wealth' is fictional, based on absolutely nothing. America has finally resorted to paying with 'Monopoly Money' since that's exactly what the dollar bill is actually worth.