I’ve seen a few of these vids on the basic evil and/or insanity of the monetary system; this one, I think, is the clearest and most persuasive so I have it here in its entirety:
I think the graphics are very effective.
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Tags: Credit Crunch, economics, monetary reform, Money, propaganda
December 8, 2010 at 7:45 pm |
Not sure about that. Didn’t the discovery of masses of gold and silver in the New World create wealth (something that didn’t exist before). That enabled a huge explosion in money and its circulation.
Stalin tried his way. It didn’t work.
What was the premise? It came over as suggesting we’ve been conned.
December 8, 2010 at 8:24 pm |
We have. There is enough REAL wealth (not shiny useless metal and even more useless nonexistent credit) for everyone to live well, yet most of the world lives in terrible poverty while the controllers of the system make out like bandits – I don’t think this is a coincidence.
I was not suggesting we try out Stalinism, Barry – don’t be daft.
The New World ‘created wealth’ in the sense that it made resources available to Europeans that had previously belonged to no humans except sort-of the native population. Who were exterminated.
Wealth is: human resources and the natural resources that humans need and like. Ultimately there’s no such thing.
December 9, 2010 at 10:35 pm |
In America there was great wealth without gold. Early on during their struggle for independance this was part of the problems they surmounted – a lack of gold that the hostile Bank of England had the monopoly on but yet insisted on trade being facilitated by.
Wealth is not the same thing as money. Wealth can be oil, cotton, tea, furs or food. To say that “wealth” did not exist before is bizarre. That is simply not true. You need to shake off this fixation on yellow shiny metal. The item used for currency and trade doesn’t even matter. People have used shells and dung. All that matters then and now is who controls the quantity. The currency is simply the means of exchanging true wealth and services (that is all it ever needs or needed to be). Nowadays this is highlighted all the more by purely electronic existance of much of the money supply and various financial products, it isn’t even bits of shiny metal any more, so wealth isn’t coming from those mines either.
A huge explosion of money and its circulation isn’t desirable. That leads to hyperinflation. This is the last thing any sane person wants, so I don’t see how you’d want to “enable” such a thing to happen. Stable and controlled currencies are better. All that is needed is enough to facilitate trade.
December 6, 2010 at 11:11 pm |
Thoroughly enjoyable. You’ll. of course, not expect me to agree with the basic premise….except I can see no way out of increasing consumption and the disaster that must end in.
December 7, 2010 at 3:36 am |
Why don’t you agree with the basic premise?
December 8, 2010 at 6:01 pm |
Because, I don’t think “debt” creation is necessarily a bad thing. If those Italian bankers hadn’t realised that you could create debt and therefore increase the volume and circulation of money, without breaking some divine injunction, the financing of the expansion of the West would have been much harder to achieve. With it less intrinsic wealth “gold”, “silver” less credit, less debt and less wealth creation.
We may still be using Bronco loo paper; how bad would that be!
I think that never-ending consumption, which the creation of money has facilitated is bad, mad and possibly immoral, but I applaud those clever merchants who created something out of nothing.
just so it’s clear, I’m not against progress (Super soft Andrex v Bronco medicated), but I am against over consumption. Although possibly one is not really possible without the other.
December 8, 2010 at 7:15 pm
I don’t think ‘debt is bad’ is the basic premise.
Nevertheless, I have to disagree with you on something specific there: you say that the merchants ‘created wealth’ – this is untrue. They created an abundance and fluidity of currency. A moneyless system with a Stalinesqe dictator could achieve the same material wealth: the dictator would just tell everyone to work harder.
There’s a better way.
December 9, 2010 at 10:17 pm
You confuse wealth and money. They are not the same.
December 4, 2010 at 5:46 pm |
I love these videos. Very educational for a subject that is entirely ignored for the most part by our educational systems, despite its great importance and impact on all of our lives.
Most people are completely ignorant about these things unless they happened to stumble across information or really try to read up on it. The TV is worthless and so are the newspapers as most the people involved in them are clueless about these things too and believe all manner of fairy stories.
Videos like these (and the act of passing them on) are vital to informing people of what is going on around them and helping them to fix the problems we have today.