Money As Debt
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http://video.google.com/videoplay?docid=-9050474362583451279&hl=en
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Created 13 weeks 3 days ago
Made popular 11 weeks 4 days ago |
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This video is good.It gives some important points to reform and is a good educational tool.
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albertson
http://www.mydebtconsolidation.name
http://www.mydebtconsolidation.name
I think, overall, this video is a good educational tool. It provides the viewer with a good summary of our modern fiat money system and how it is unjust and doomed to failure.
However, I think they took a big step backwards by advocating a monetary system where the government is in full control - essentially, the government would create the money it needed directly rather than borrowing from private banks. Somehow, the government would have the restraint to not create too much money, and thereby, hold prices steady. This assumes that the government is not corrupt and would not serve the special interest or inflate to reduce the stress of debtors. From experience, we know this is wishful thinking at best.
The criticisms of the gold standard in the video include hoarding, cornering the market, or having to carry around heavy sacks of gold. Anyone who has seriously looked into a modern application of the gold standard knows that these criticisms are ill-founded. The video also ignores the biggest advantage of the gold standard - the money is in the hands of the people, NOT the government.
The Virginian Rebel
www.virginianrebel.com
I love this video up till the point it gives it's prescription for reform. The inclusion of the two presidential assassinations suggesting they were part of a grand conspiracy is going to turn a lot of people off. As is typical of conspiracy theories, the video dishonestly connects the facts that these two presidents gave quotes critical of the banking system and were subsequently assassinated without showing any causal relationship imply they are connected.
If evidence connecting these facts exists, hopefully someone here at BTM will present it.
One of the best teaching tools there is in regards to money.
Essential.
agreed. first time i've seen it. it finally made me understand what's going on. i was a little hazy on the banking system. now i know. bump up.
Definitely a thumbs up from me.