Hmm ... I watched 5 parts. Before taking my first economics class, I researched the subject and discovered this and similar expose’s. My impression has been that only the standard rhetoric within the liberal Keynesian philosophy of economics would be presented in all of my classes. Even now, I’ve heard nothing of the Austrian approach. Several posts on this blog have come as a surprise however. I am encouraged to know that Mr. Manamperi is not content to disregard any notion that some activity is performed behind a curtain. I expected a general acknowledgment that there is no curtain from academia at large.
Perhaps in a world where integrity was the norm fractional reserve banking could function without poisoning a society. As it stands, this generation will see a collapse and transition never imagined by most, suspected by many ... deliberately orchestrated by few. “Exponential” is right. The current trend is simply a result of decades long economic policy of debt to wealth where “our” debt gradually becomes “their” wealth in an exponential function. What started as nearly horizontal is now nearly vertical. There is no realistic plan to change the direction any time soon ... or ever. Every possible (or at least likely) scenario becomes very ugly, very soon.
I would like to hear someone’s conclusion that there is a more positive economic destination on the horizon. Hopefully, it will be a rational conclusion.
This video is very disturbing and yet eye opening. The concept that without debt there would be no money is startling. If every individual paid off all of their loans, the banks would have nothing. If the banks have nothing, and no one requesting loans from them, they can't make any money. Without the banks making money, people cannot get any money. I don't see a solution to this honestly. Maybe after the system collapses we can start over, without the fake money.
It is incredible the power that banks have. It is easier to see how people left from the gold standard in the first place. Putting all the value in gold that people do not walk around with was not a good process. A lesson should be learned from this video. Banks have a lot of power with creating money, and we must be aware of the power of greed. If the banks get too greedy we must have more involvement in regulations.
This three part video was very eye opening on why we are in the economic situation we are in currently. Middle men in business have been cut out before, lets cut out the "middle men" or banks that lend the money. Why not get the money at interest free rates from the government and discontinue debt on money lent. The four questions at the end of part 3 need to be answered by our president and solved by the people in charge and acted on by the public. This way our kids can have a long living and successful good life without worrying about depressions and hardships financially.
Middle men is right. The point is that banks don't actually lend money, they fabricate it from nothing. This in and of itself is bad enough but the interest cannot just be fabricated. That part (which compounds) has to be provided by the borrower. So "borrowers" are really just paying banks to fabricate money "debt" for them and then giving the bank that money with interest after spending it. Notice especially that since banks are not actually loaning out something they own a stock of (gold etc.), they can't lose. But they can @#$%! sure take your house/car from you after you sign on the line if you fail to give them the money they conjured that you promised to repay. Any change to this system will increase benefits to bankers and further enslave borrowers.
"Do not try to bend the spoon — that's impossible. Instead, only try to realize the truth: there is no spoon."
There must be a need to borrow (home/car/education...) and borrowing must include cost - "debt on money lent". That is what separates the really big fish from the regular big fish. And the small fish don't even matter. Only an act of God will remove the middle men from the system they have created and make the rules for.
It’s very interesting to watch all of the video how the banks make money. Before taking this economic I don’t understand how the central bank can print out new money each year. How don’t get how the big bank can declares bankruptcy, they are too big to fail. After watch these video I think whoever came out with this idea was really smart, they know how to make money by making new loans and every time people ask for loan or making a loan, and the central bank can create new money.
This video was very interesting and put what we are learning in economics into real perspective by showing an actual real life dipiction of how paper money became known and common among our country. It's incredible that something developed so largely over time, and even though it essentially failed at one point, the country now depends on that failure in order to keep it running. Banks/bankers really do control a large portion of how are money is distributed and handled, but I never realized how easy it is to create money out of thin air with no actual money to back up what is being created. It seems as though money just keeps being created over and over again and will probably never stop being produced, but rather will be continuously printed and distributed to the public, and eventually it will lead to the same problem that was demonstrated in the video.
This video was very helpful in understanding exactly how money is created by the banks. It shows how what we are being taught in class can be incorporated into real life scenarios. It's eye opening in regards to how they can create money solely based off a person signing a paper with collateral. The film also shows the evolution of banking and the formation of fiat money. This was an interesting concept and quite ingenious given the time period. The film then goes into the fractional reserve system and how the central banks were established to help local banks from being run. The clip proceeds to discuss how the reserve ration works and how every time a check is deposited, the value decreases for the reserve ratio as the amount is always divided by the ratio. The third clip talks about how mortgages can be used as a form of money. Overall, the film was very helpful and easy to understand.
Outrageous! It is no wonder how corruption has snuck so cleverly into the biggest corporations of America. When the foundation of an economy is based upon non-existent capital, what fruits can truly be expected?
This pattern of self-destruction is going to continue in America until the middle/lower classes finally decide they have had enough. At that point we will be looking at some serious takedowns of some serious facets of American living. At some point, reconstructing the U.S. economy will be unavoidable.
The video was very informative. It clearly shows the history of money and banking. It shows the various departments through which money flows. Money is involved nearly everywhere in life. The video has immense details as to where money came from.
Free thinker .... Free Writer