Money as Debt

[Michelle95]

If you have time to watch this 47 minute video...tell me what you think.

[GOOGLE VIDEO]-9050474362583451279[/GOOGLE VIDEO]

[Michelle95]

Did I do that right? It's starts about 13 seconds after clicking the play button.

Here's the link:

http://video.google.com/videoplay?docid=-9050474362583451279

[BondServant]

Everyone should take time to watch this.........very informative and would be alarming for someone not trusting in our Lord Jesus Christ.

[wellspring]

I found it a bit hard to follow -- I studied macroeconomics but it seems a bit absurd to just "create" money like that. With what's going on with the U.S. dollar right now, seeing something like that makes you want to switch those stocks over to precious metals!

[HouTex]

Excellent video, thanks for posting it. It does a good job of explaining how money is created. Once people grasp that, the exponential growth in debt in the US since 1971 (end of gold standard) should make sense, and give people pause.

One thing I wish they would have touched on is the connection between fiat money and the destruction of the US industrial base. IMO, the "outsourcing" of US industry is directly related to fiat money....do you think we'd be buying all that stuff from China if we had to pay with gold?

[Big Daddy]

Michelle95, Did you ever read "Creature from Jekyll Island"?

It is a must read for anyone that has a question in regards to how our monetary system works.

Here is a link. http://www.realityzone.com/creature.html

[Michelle95]

I've had people tell me to get the book. Just hadn't had a chance yet.

[Michelle95]

Thanks for the link. I knew that I would probably have to get it from the internet. I asked in Booksamillion once and the person at the info desk was like :idunno

[seashell]

That was a very good Video! Thank you. I couldn't believe at the end that two of our presidents who both assinated James Garfield and Abe Lincoln, both suggested that our Government create their own money. It's interesting they were both killed. I now wonder what they were really killed for. :scratch

[Big Daddy]

Thanks for the link. I knew that I would probably have to get it from the internet. I asked in Booksamillion once and the person at the info desk was like :idunno
Well, I just finished it, and couldn't recommend it enough to delve in deeper along the lines of this vid you posted.

It is very enlightening, startling actually. Scary too, to look behind the curtain and be shown how the current economic system works, and where it is headed.

I would recommend it to anyone to get a really good understanding of how the world monetary system works.