Comedian Louis C.K., Activist Peter Joseph, and Euro Co-Architect Bernard Lietaer break down and expose the big bad joke that is The Federal Reserve, with he…
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Sustainable Man Vs. The Federal Reserve
Comedian Louis C.K., Activist Peter Joseph, and Euro Co-Architect Bernard Lietaer break down and expose the big bad joke that is The Federal Reserve, with he…
This mutual credit is yet another attempt to going back to previous systems
which is simply stupid and unnecessary. Look up The Venus Project, RBE and
The Zeitgeist documentaries here on YT.
End the Feds
1.) Banks create their own money when they issue a loan. However, not as
described by “fractional reserve banking.” What matters here is that you
can’t buy government bonds nor pay your taxes with that money. Your bank
needs to give “real” money if you want to buy that. 2.) U.S. bonds, paper
currency and money the FED types in is the same “real” level of money. The
US Treasury issues a bond that gets bought by the FED later on. Ad
infinitum. It’s a sustainable system, albeit not a fair one.
Sustainable Man, you mean well, but the US monetary system doesn’t work as
you might think. I’d recommend looking for Modern Monetary Theory for an
accurate description. It can be found elsewhere of course, but it is most
succinctly explained there. As for mutual credit systems, there are many of
those in the the US and worldwide too. One prominent example is WIR
Switzerland. However, great as they are, they could never replace money
creation by the financially sovereign federal government.
what im really having a hard time understanding is just how in the fuck
nineteen people disliked this! they must be filthy rich bankers…
the truth about the banks , money ,debt and the wealthy.
Our whole world is fundamentally flawed at the present moment. Dreaming
won’t help that.
Fundamentally flawed but keep dreaming.
Or we just get rid of any monetary system. We can start with a resource
based economy. Just like Mark Boyle is doing for the last 5 years. In those
five years he never received or spend a penny. If he can do it, then so can
everyone else.
People for mathematically Perfected Economy … I take it the creator of
this video has heard of it ?
How would we track the credits? How does bankruptcy work in this system?
How is it better then say bitcoin? How does it address technological
unemployment?
If you investigate how money is created, you will find that all the money
in existence came into existence through some kind of loan (which is debt)
and almost always comes with a level of interest attached.
Well, I dont say that the system is perfect, but from where does your
statment com, that money is debt? Im not trying to make it a provocation,
just wondering.
I haven’t looked deeply into alternative systems, as long as there are no
central planners and we’re all free to trade with whomever and where ever,
as long as we’re opting out of the current system of debt we’re taking our
power back.
People like this don’t want reality, they want to continue in their version
of what they call truth. You can not open their eyes, its a waste of your
valuable time. 🙂
Bible says, if you don’t use money then its the mark of the beast. Dumbest
argument ever on SO many levels… just can’t take it anymore. Thanks, bye.
I call you a sheep because its a apparent in your statement… clearly,
you’re not thinking for yourself and are content on being instructed as to
what you should value by your slave masters in political offices. If you
think it a point of pride that you have no mind of your own, then I can’t
feel anything but pity for you.
You call me a sheep like it’s an insult.
I’m sure you will, sheep… I’m sure you will.
there won’t be much time to climb Mt Everest in a mutual credit economy.
No thanks. I’ll stick to cash.
Brilliant ..and funny
This video earned you a new subscriber. <3
See Modern Monetary Theory, Michael Hudson, Univ. Missouri- Kansas City,
among others.
Me too!!! Great video my brother 8~)