The Story of Money
http://www.youtube.com/watch?v=KJhypYZ7uQw&feature=PlayList&p=C58663CCD01BC0F0&index=0&playnext=1
I picked this up from compelled2283. I saw this a year ago and never thought to bring it up here until now. I really hope you guys enjoy this and show it to others so they can better understand the money system and also understand how the Federal Reserve continually fucks us all over. -------------- Originally posted by: compelled2283
http://www.youtube.com/compelled2283 -------------- Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get the message out. The Cowichan Citizens Coalition and its "Duncan Initiative" received high praise from those who previewed it. I recommend it as a painless but hard-hitting educational tool and encourage the widest distribution and use by all groups concerned with the present unsustainable monetary system in Canada and the United States. -------------- PLEASE CLICK ON THE VIDEO RESPONSES TO SEE THE NEXT PARTS!! If you thought this was interesting rate, comment, share to your friends, and subscribe. If you want me to share to you vids AS I post them then send me a friendy!!
Interesting Video but the conclusions drawn midway through are false.
No debt does not mean that there would be no money. It does mean that there would be no fiat money, but if there was no debt society would likely resume using Gold, Silver, or perhaps stones as money once again.
As far as the overall imagery suggesting that Debt is the equivalent of Slavery. That is a no brainer and can be concluded by the usage of the term Indebted Servitude to describe the institution that directly lead to Slavery.
It's also arguing from a perspective that "inflation" is required because there must be the money equivalent of all the goods in existence, but this is not true.
The value of the money
in circulation does not have to equal the sum of the goods and services being consumed.
If there is $100 in existence (I'll say that I have it all)
and I then spend that $100 on Goods and Services there has been the production of $100 in Goods and Services, but there is only $100 in money.
If the people that I exchanged that $100 with then turn around and exchange it amongst themselves another $100 in commerce takes place as another $100 worth of goods is exchanged for money. There has now been $200 in goods and services produced and exchanged with only $100 in money in circulation.
Now, the problem of course occurs in that at some point in time the money may stop circulating. Some one may take $10 and leave only $90 in circulation, which slows down the flow of the economy.
However, it is entirely possible that after some set period of duration the person may see a good/service that they want, and thus they will spend the $10. So while the $10 would have temporarily ceased being exchanged it would eventually resume being exchanged.
Though, if it was deposited in a bank and then the bank lends it out there is no shortage of money. Though the interest will eventually require that the bank then receive more than the $10, perhaps $20 over the course of the loan.
However the bank will then loan this $20 out again, and it will be spent on other goods and services. So while it is true that eventually the quantity of money owed to the bank will exceed the quantity of money in circulation the amount of money ($100) will never vanish from circulation unless it is lost, buried or physically destroyed.
As far as the ideas of a sustainable (stagnating) economy, perhaps the person who made this video should return to the 1970s and contemplate how well stagflation worked.
Sustainability is an imbecilic idea that would require perpetuating an act that would make the crimes of the Socialists (NAZIs, Soviets and Communist Party of China) look like a drop in the bucket.
While it does make sense to seek increased efficiency it does not make sense to seek stagnation. As Stagnation is impossible to achieve as long as humanity is pursuing its typical tendency of being a dynamic sapient animal that is ever seeking to progress beyond the limits of its knowledge.
Those that preach sustainability are no better than the god created by Judaism and Christianity that forbade man to eat the Fruit of Knowledge, because their ultimate goal can only be compared to requiring that humanity stop searching new technologies and rot on the vine.
The only thing that remains still is that which is dead, to argue for sustainability is to argue for the destruction of humanity.
As far as the Tally Stick System - Destroyed by Bankers - the author is correct, but he ignores history. The system of Colonial Script used prior to the Revolutionary War was destroyed by the actions pursued during the Revolutionary War when more Colonial Script was produced than was actually demanded and thus its value sank relative to Gold. Ultimately it was trading at a minute amount of its pre war value, and thus was no longer used.
Colonial Script was nothing more than a government-issued fiat money.
As far as the ultimate conclusions, any monetary reform is impossible with out abolishing the welfare state. It is impossible for those that work to support those that do not with out the modern system of debt.
Until those that are dependent on the Federal Government wake up to the fact that they have no only wrapped themselves in chains, but have also wrapped the entire nation in chains and state that they are willing to work for their own bread instead of forcing others to slave for them then the entire nation is doomed to slavery.
