Money and Global Economy Full HD Documentary
Economy | Information | History | Online | Facts | World | Global | Money
Countries everywhere are facing debt crises today, precipitated by the credit collapse of 2008. Public services are being slashed and public assets are being sold off, in a futile attempt to balance budgets that can't be balanced because the money supply itself has shrunk. Governments usually get the blame for excessive spending, but governments did not initiate the crisis. The collapse was in the banking system, and in the credit that it is responsible for creating and sustaining. Contrary to popular belief, most of our money today is not created by governments. It is created by private banks as loans. The private system of money creation has grown so powerful over the centuries that it has come to dominate governments globally. But the system contains the seeds of its own destruction. The source of its power is also a fatal design flaw. The flaw is that banks advance "bank credit" that must be paid back with interest, while having no obligation to spend the interest they collect so that borrowers can earn it again and again, as they must in order to retire the debt. Instead, this money is invested in various CASINOS beyond the borrowers' reach. This leads to a continual systemic need for more new bank credit money, more debt with more interest attached, to prevent widespread defaults and deflationary collapse. Today this problem is particularly evident in the EU. The Euro is a fixed currency system that does not allow for expansion to meet the demands of the private lending CASINO. The result is that EU member nations collectively are being crippled by debt. Credit: Alan Rosenblith Thanks for watching * Subscribe for more Videos * Like & Share * go to our website http://vmpublishing.com/ * Share your ideas and comment
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In many countries they have a goods and services tax - which is federal and state. So if you barter your services and receive credit for those services - in the countries with a goods and services tax the federal or state government would want to tax that service. So the more widespread and well known your barter / mutual credit clearing circle becomes - the federal government will step in and want to tax these exchanges. I am amazed that this has not already happened.
Although I agree that this system allows you to become more fulfilled and abundant - without greed. But the huge missing part are the services of firemen, police, ambulances and building of the infrastructure you all use as a community. -
How does a government tax the work done in a mutual credit clearing circle? We depend on governments to build and maintain infrastructure - whether it be local, state or federal governments. Governments fund infrastructure projects etc through taxation. So in the long term would we need to involve governments and schools and firemen and police in the mutual credit clearing circle so the community can fund the services they provide?
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I Tend To Find That Lying About The Title Of Your Documentary Leaves Less People That Need It Not Watching It And Me Writing A Comment Say Your A Fool It Has Nothing To Do With Global Economics
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