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Money as debt. Money created from nothing.

i came across these videos on how money is actually created from nothing.

hope you like the videos too.

Money as debt part 1

Money as debt part 2

Money as debt part 3

Money as debt part 4

Money as debt part 5

apologies if these videos have been posted earlier.
bubblesmoney :hello:
«13

Comments

  • I can't understand why any of the TV channels have not aired a programme based on these videos. A lot of people would find them fascinating and very relevant at this moment.
    It's great to be ALIVE!
  • bubblesmoney
    bubblesmoney Posts: 2,156 Forumite
    Part of the Furniture Combo Breaker
    maryotuam wrote: »
    I can't understand why any of the TV channels have not aired a programme based on these videos. A lot of people would find them fascinating and very relevant at this moment.
    change happens fast and unless we adapt we get left behind. here are a couple of videos about this and how it affects countries and economies.

    original music version - did you know

    i find this music version better - did you know

    look up the related versions on youtube
    bubblesmoney :hello:
  • Snooze
    Snooze Posts: 2,041 Forumite
    1,000 Posts Combo Breaker
    i came across these videos on how money is actually created from nothing.

    hope you like the videos too.

    Money as debt part 1

    Money as debt part 2

    Money as debt part 3

    Money as debt part 4

    Money as debt part 5

    apologies if these videos have been posted earlier.

    Yeah, I found the 'Money as Debt' video on youtube a few years ago now and found it very interesting. I also really liked the Zeitgeist videos too which are also excellent and leave you with food for thought.

    Rob
  • bubblesmoney
    bubblesmoney Posts: 2,156 Forumite
    Part of the Furniture Combo Breaker
    Snooze wrote: »
    Yeah, I found the 'Money as Debt' video on youtube a few years ago now and found it very interesting. I also really liked the Zeitgeist videos too which are also excellent and leave you with food for thought.

    Rob
    i found them interesting too. did you mean this one about religion or did you mean this awesome 2hour video covering money, banks etc
    bubblesmoney :hello:
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    A house is worth what a bank is prepared to lend you to buy it. We are gradually adjusting to this reality :). Very few of us can buy property outright.
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    I saw these some time ago, they are a good way of getting the point across to the layman. Perhaps Brown should watch them and perhaps he would realise why, in his words that the banks 'aren't lending at 2007 levels'. He really is a meathead.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    maryotuam wrote: »
    I can't understand why any of the TV channels have not aired a programme based on these videos. A lot of people would find them fascinating and very relevant at this moment.

    Because if people realised what they were part of they wouldnt want to be any more.

    Theres no government in the world that wants the citezenry to actually understand fractional reserve banking.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Don't get any simpler explanation than this.

    http://www.investopedia.com/terms/f/fractionalreservebanking.asp

    I always understood it to mean: simple as
    Bank deposits 10k
    Bank lending Cdo's etc (9k)
    Cash reserve (1k)

    I have not watched that video yet, but I will.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    StevieJ wrote: »
    I always understood it to mean: simple as
    Bank deposits 10k
    Bank lending Cdo's etc (9k)
    Cash reserve (1k)

    Yep. Then the 9k is spent, the recipient puts it in their bank, and that bank lends out £8k of it. Total original deposit £10k, total amount of debt-based money currently in the economy, £17k. Re-do from start, changing the cash reserve ratio as you see fit.
    Hurrah, now I have more thankings than postings, cheers everyone!
  • geoffky
    geoffky Posts: 6,835 Forumite
    Who was it who said "if the people find out where and how money comes from
    there would be rioting in the streets"????
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
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