The System of Money Explained

A very good new documentary trying to explain, very slowly, about how money works in the modern world.

The System of Money | Documentary | Money Creation Explained

I [Anne Belsey, Monetary Reform Party] found that talking on the door step from August 2009 around to the general election, knocking on the doors, is that when we tried to explain how the money system works, there's an almost in-built refusal of people to accept that such a bizarre situation could actually exist.

"Ah no, it can't possibly. What do you mean? It can't... banks can't...banks don't create money out of thin air. That's ridiculous. They can't do that. They lend out their depositors' money." Most people have an idea of how money is. They are used to their own way of handling money and they try and implement their own idea of how their small household economy works into the national economy.

And that is the "wisdom of the masses" - that is the staggering level of ignorance this species seems to accept as normal. And that is the reason humanity has always been abused by the few with the greed and malice to take advantage of mass stupidity.

Just on that last point, about the delusions of how banks operate, there are banks that do work in that popular naive fashion. Those are the cooperative banks, or credit unions, whose core business is to loan out deposits and earn the difference between the deposit and lending rates. But those make up a very small fraction of the huge banking scam.

When the debt-economy dwarfs the rest of the economy, then we get these huge booms and busts. These are created on purpose so that assets can be bought up cheaply during every downturn. So the "power of money" is not really about creating more of it - as that can be done at a keystroke - but to use it to buy up the world.

Think about what is really going on over cryptos. Any of us can now create money out of thin air with a few keystrokes. The banksters absolutely hate this. Actually, they don't - what they hate is that everybody can do it. So all the bullshit about regulations is to try and stop this new money-creation-machine from infecting real world assets - such as land. We can play our crypto-games, but this gets serious when we can then convert game-tokens into real-world assets. The simple facts that banks are not totally shutting the door, but rather letting some bridges exist between crypto and fiat, shows to me that they are also part of the game. Then buying property with crypto is where the two games converge.