KINCHIK

Awesome cuz the quality of this video is a little rough. I'll check out the DVD!

@RicoRichmond I agree, the bankers have the gold.

The Rothschilds.

the Double DVD of Money As Debt 1 and 2 is now available on Amazon UK for those interested

@acidbath667 And who is the fed ?, it is not the goverment is it !!!

about 20 groups of ppl, have about 75% of it. 0.1% of population has 99.1% of the wealth..TRUE WEALTH that is...the actual resources, that they bought from us, with with fake paper, they made themselves in the first place. useless paper for labour and technology and resources. whata great deal 4 them

that gold is owned by the fed as collateral on the loans it gave the banks.

So who has all the gold from the 1933 gold laws in the USA, someone must have it ?

I understand your logic, however, cars, houses and yachts aren't the only things people take loans out to finance. They also take out loans to finance stock speculation, to buy credit bundles, and all sorts of othr financial instruments. That is how the 1929 crash happened (90% of money in the stock market was borrowed), and that is how we have $60T in CDS bad assets floating above our head.

@exxxxxxxx how about you try and name a few, to start with, without sources etc.

Heh, it's 5am where I am now, and I'm not thinking clearly... Not to mention this shit pisses me off something awful.

Correction: I said that interest rises faster than inflation, but that's an improper comparison... They're two different things. Interest is charged on a prinicple, regardless of the value of that money. Inflation just refers to money's value. Debt will always increase when the only way for anyone's debt to be paid back is for someone else to take out a loan and give them a part of it, directly or indirectly. Humans aren't prepared to deal with this stuff. We simply aren't smart enough.

(continued from previous comment) that defaults were built into the system. They had to scramble desperately to find new people to loan money to, so that they could keep their idiotic system going. It's also bad for the environment; we have to keep producing more goods, convincing people to consume ever more in order to keep money flowing through the system. We're squandering our lives as part of a consumption machine, running out of fuel. All for the benefit of the few powerful at the top.

This is true, however, there's still the problem that the system relies on ever-increasing debt. Interest grows much faster than inflation, meaning that the debt can NEVER be paid back. A disproportionate amount of wealth is transferred to the banks, and those least able to recover from bankruptcy default. A couple years ago, after the CDO mess, we heard commentators complain a lot that those least creditworthy were given loans to satisfy affirmative action...What they didn't realize was...

when i get the time Ill send you a PM - with the necessary sources.

@exxxxxxxx Cool, you know how to use a forum or blog right? Why don't you go ahead and state the inaccuracies and cite your sources via one of those ways? I'd like to see what made you come to such a conclusion, it'd be very helpful. If you're unwilling to do so, it is unfortunate you speak of things you're unwilling to back up. I look forward to your compilation! I like to see both sides of the same coin. :)

in the video?

So many inaccuracies in this its unbelievable.

should it be possible if you have debt... that you could go to court and claim you dind know that the banks dont have any real thing to back it. So that they should clear your debt... becouse its a debt of something that doesnt exsist ?

...what does a man gain if he inherits the earth, but loses his soul...

...you forgot to mention stagflation...

@bobalot120 : So you watched my videos that were years old and tried to use it against me? By the way, I owned an enormous corporation in WOW, so I was even good at fake economics as well. I sent you a PM to hopefully teach you what is going on, since you obviously are lost in this world. Why do you think a person can get a free checking and savings account? And pay all those workers? Because we all know we get whatever we want for free right?

Yeah, I'm the paranoid one having trouble understanding, you're the WOW-fan with an extraordinary understanding of economics. Give me a break. You haven't gotten any of the points I made. This is a pure waste of time. I say it's not created at a whim and explain why, next thing you write it's created at a whim. The rich people comment is a false note, it simply doesn't make sense, it even fails as an ad hominem.

@bobalot120 : you failed to understand anything then if you continue to believe this system works. There IS a constant inflationary rate, there IS a constant degradation of the dollar, you just fail to see it I guess. You can have a healthy growing economy with resource money better than inflating, and it's not giral money, it's fiat money...it's created at a whim, without regard. Only rich people think it works, so you must be rich. PM me if you have a problem, comments are too short.

5) The elegance of giral money creation is that it's the demand for loans that is decisive in how much money is created. That demand for loans is a pretty good indicator for how the economy is doing. So when things are bad, there won't be much money created, when things are up, a lot of money is created because a lot of g&s are produced. 6) The Fisher-Tobin principle of debt deflation is central to the whole thing. If you just continue to argue without checking first, it makes no sense to me.