The Global Debt / Financial Crisis Explained... CAUSE AND SOLUTION!
Economy | Information | History | Online | Facts | World | Global | Money
Here are 5 simple questions we should all be asking: 1. Why are virtually all nations (both their public and private sectors) in HUGE amounts of debt? 2. Why is inflation a constant in the economy? 3. Why do economic recessions / depressions occur periodically? What is the ROOT CAUSE of mass bankruptcy including our current "Global Financial Crisis"? 4. How can we expect continual exponential economic growth (say ~3%) to occur forever? Aren't our available resources on this planet finite? 5. Most important, what can be done to fix this mess? How can we (collectively) get out of debt and STAY out of debt? Can we reduce inflation and make the economy more stable? This video is a collation of "The Money Masters", "Zeitgeist", "Zeitgeist Addendum", "Zeitgeist Moving Forward", "Money As Debt" & "Money As Debt II: Promises Unleashed". Answers to the above questions are contained in this video. The underlying causes of our economic problems are explained. Most countries loan their money from a central bank similar to the US Federal Reserve and allow private banks to lend out 10 times more money than they have in reserve (called "fractional reserve" banking). All money is created from debt. Collectively, we can NEVER repay off our debts to the banks. This is impossible. "Why is that?" Well, due to the INTEREST charged, total debt grows at a faster rate than total money - resulting in perpetual debt. We have become debt slaves due to this corrupt, fraudulent, unstable monetary system. Debt collapse (bankruptcy) of people, companies & countries are inevitable. Periodic recessions and widespread unemployment are the end result. A practical, non-radical solution is offered to repay public debt and to abolish fractional reserve banking. Debt free money has been successfully employed many times in the past in the US and Europe and is desperately needed again worldwide. Monetary / financial reform is arguably the most critical and urgent of all issues we face today. Please educate others and SHARE this video. Together we must take action and end the madness of a debt based economy. For further details on the history of central banks and the proposed Monetary Reform Act go to: http://www.themoneymasters.com/ To provide a clear explanation of why we are all slaves to this banking system, watch "Money As Debt". If possible this movie and its sequel "Promises Unleased" should be distributed and viewed in schools, etc. - or alternatively THIS video. :)
Comments
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"Give me control of the money and I care not who makes it's laws." Mayer Amschel Rothschild. "Give me control of the guns and I care not who controls the money." Adolph Hitler.
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Our problems are man-made, therefore they may be solved by man. And man can be as big as he wants. No problem of human destiny is beyond human beings.
John F. Kennedy -
share this info video, to try to get through to as many people as possible. Peace.
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says the sheep being lead to the slaughter house..-_-
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then why does the Fed have so much political interest invested in our government? -_- and why does the fed refuse an audit?? -_-
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"Individuals/firms/government aren't forced into debt". Individually no we're not; but collectively we are trapped into perpetual debt. The video explains how this works. I am not suggesting that every individual, business and government is in debt. And i'm not saying loans don't have benefits, of course they do or nobody would get them. But we can't repay these loans (COLLECTIVELY) and that is what harms our economy in the long run. Again, this point is covered in the video...
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I think you need to go to Uni and learn some economics! As an individual, i enter the world with nothing, i get a job, i make money, im not in debt As a company, I issue equity to collect funds and start production, i am not in debt As a government, i run budget surpluses, i am not in debt Individuals/firms/government aren't forced into debt, they want debt as it gives them short term benefits of higher consumption, ie a house to live in, a larger factory, increased output etc
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Listen to Imran hosein to know how to react to this crisis !
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If there were true vigilantes running around shooting shit up, why wouldn't they target the fed reserve bank and demolish it? I mean, if people are fuckin shit up because of the Govt, why don't they take care of one of the main problems? What could it hurt?
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Stephen, I actually have studied this in the past & have heard the justifications of having a privately owned central bank, but I'm not buying it. The cons FAR outweigh the pros. "It is not slavery". Well, it keeps us (collectively) in perpetual debt so I disagree. And there's no need to have such a ridiculous system. There are alternative systems available to us that don't lead to such problems, which is what the video is promoting & justifying.
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The author of this video needs to go learn more about economics. The Fed is private like most other countries central banks to prevent political interference. Also it needs to be a single supplier of money in order to influence the whole economy when needed. It is not slavery, it is keeping your life more stable and predictable. Imagine the choas if inflation ran away and then crashed again then blew up again. Get an education before spreading propaganda!
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Ok just a final comment from me: I'm not against "loans" anymore than i am against money, interest, banks, etc. I'm against the REQUIREMENT for loans in order to create a money system. Loans, i believe, should be from existing real money, not newly created money that devalues everyone else's money (causing inflation) and drives us into perpetual debt. OK, over and out. All the best and many thanks for contributing your thoughts :)
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I agree there is a time for change Innovation will lead that change;For no matter what the outcome of the coming shift, innovation will persist.It is inherent in all beings great and small,It is the drive to thrive It is the nature of Nature.Its been with us since time began . A recession is a relatively new phenomenon Its been around since the industrial revolution ,around 400 years tops.It is a reality check on capitalism,It is the real world imposing its will debt based money bankers; ,;
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"We know we are far from reaching the end point..." I hope you are right. Personally, i'd prefer innovation, technology, free enterprise to simply improve our quality of life (which they do) without being a requisite to keep the economy from collapsing. "We need different systems for different times." I'd say there's never been the 'right time' to use a fraudulent, debt-based money system. It's how we introduce our money through loans (and only loans) that is destructive to our economy.
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"50% correct I'd say" No, wages can't increase unless there's more money, you simply had the causality the wrong way around. The only to ways inflation can occur (long term) is more money - or reduced goods & services. Both would cause increase in prices, the former is more common. "Good deal?" Absolutely!! But our material gain is due to science, technology, innovation, free enterprise, risk taking, etc. Nothing to do with our corrupt money system.
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"but if you calculate all the world debt, it all comes back to zero." So if you owed me a million dollars, that would count as zero net debt? I don't care - we're just using different definitions. The problem is if only $800,000 existed, how would you pay me back? This is the problem, it gradually becomes harder and harder for govts, businesses & people in debt to repay their debt as COLLECTIVELY debts increase (due to interest) faster than the money supply.
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(Cont) 5. Yay, we agree on something! Yes, the solution I support involves lowering the lending ratio... again covered in the video. You have a great day too. :) Sorry for all the replies, but so many points to address (and obviously i could have written more but i didn't want to bore you). Thanks for taking an interest in this and good luck with everything. :-)
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(Cont.) 3. The cause of recessions is explained in the video. There's a demonstrated association (in Australia at least) between high private debt occuring just prior to recessions. 4. It's absurd to believe exponential growth is possible on a finite planet. Only (some) economists cannot seem to understand this. Again, this is explained in the video so i won't repeat it. Of course innovation, population growth, new technology, etc. will cause some growth, but NOT forever. (Cont.)
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(cont.) 2. No. Inflation is caused by the money supply expanding at a faster rate than goods and services. This is explained in the video. You have the causality wrong with respect to wage increases: people demand wage increases due to CPI (and other factors). Pay rises don't usually compensate people adequately for a number of reasons i won't go in to now. (cont)
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Thanks for contributing your thoughts. I'll address some of your answers: 1. Most countries are in fact, according to all sources i have read. Wiki "Public Debt by country"; and many nations with relatively low public debt (eg Australia) have huge private debt. Debt is so high everywhere there have been proposals for "debt forgiveness". I do not agree with this solution however as it is only a temporary band-aid fix... (cont).
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