This 50 minute video describes simply, but also thoroughly, how banking works today and how banking came to be that way. It covers fractional reserve banking, debt-based money, gold, etc.
However, I strongly dislike the cheesy clip art style animations and the obviously over-the-top characterizations of bankers and government (and everyone else frankly). Also, he uses some spurious or questionable quotes (like the Woodrow Wilson one). Yet, a great deal of powerful information lies beneath that veneer of heavy-handed bias. Use your head and don't throw the baby out with the bath water.
I still heartily recommend watching it.
Agenda: bankers are evil, elimination of debt-based money (debt to private banks), banking as non-profit government outfit that makes interest-free loans, government created and managed value-based money (money printed by gov't for public works that promote economic growth: roads, bridges, harbors)
(There is about 15 secs of black video before the it actually begins. Just wait it out or skip it.)
I know there is a revised edition of this video on DVD which I believe addresses some the issues I have with this video. I also know there is a sequel; I am in the process of finding both.
Sunday, June 14, 2009
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