Comments on: Money As Debt (1 of 5)

By: jsiowa

jsiowa — Thu, 01 Jan 2009 08:26:50 +0000

OyzukiMike, I totally agree with you that there are flaws in the system and it would take a foolish or blind person to think otherwise. I want to learn and since you stated that the producers of this video have no real knowledge of the system where would you recommend that one go to obtain this knowledge of truth that apparently is not present here? In other words where can I go to know what you know? Is that a fair or reasonable question?

By: Rickdeckard2020

Rickdeckard2020 — Mon, 29 Dec 2008 13:49:42 +0000

“If the videos were true (which they are not) then the banks would never get in trouble – they would simply manufacture more money.”
Ive come across info that supports the video’s claim.

Unless Im mistaken, manufacturing money assumes the bank has not maxed out its loans with respect to the reserve it keeps, if it has maxed loans it cant ‘legally’ manufacture more loan money until someone pays back or someone deposits more money. Having a frational reserve system makes it hard not to be so

By: Schinsky

Schinsky — Mon, 29 Dec 2008 02:55:30 +0000

What the author forgot to mention: Banks are supported by *** Nazi-Aliens from a different galaxy.
No seriously, i don´t believe this stuff said in the movie. E.G. If Banks create the money they loan, why do they deny loans? They have nothing to lose, anyway?

By: snerka

snerka — Fri, 26 Dec 2008 02:48:21 +0000

Did you watch the movie? It is well explained.

By: snerka

snerka — Wed, 24 Dec 2008 03:57:36 +0000

And also, this is what Ron Paul is running on. You think he belives in nazi-aliens?

By: Fuglafjordur

Fuglafjordur — Mon, 22 Dec 2008 17:42:08 +0000

You prevented me from wasting 47 minutes of my life.
Cheers!

By: benmcpeatfield

benmcpeatfield — Fri, 19 Dec 2008 16:56:55 +0000

because in a fractional reserve banking system, all debts must be repayed. interest rates cover some of the risk, so they can afford to be slightly stupid with who they lend to.

but ultimately they cant lend to anyone and everyone. in additon, parts of this movie are incorrect! but the idea is generally right.

By: Schinsky

Schinsky — Fri, 19 Dec 2008 04:30:00 +0000

I didn´t watched the entire movie, indeed, I watched other movies about the same stuff.
I´m studiyng Business and I´ve just had an opportunity to asked my prof about this topic, and she said “yes they create money, but the keep destroying money, as well”
She also said that the authors of those movies are not really in to the topic, and she suggested me to stop believing these fairy tales, wich are obviously not fair minded at all, you should consider this before you believe this crap.

By: snerka

snerka — Wed, 17 Dec 2008 12:42:25 +0000

I agree, you should never believe it because this movie tells you this. But likewise you shouldn´t go to your prof for advice. You don´t know where her information is from. If you want to know the truth, research it far from youtube and all the prof.
Part of this movie is correct, part of it is wrong, but the point still stands. We have a society that is caving in on the working people because of debt. Who benefits from this? You? The people? The bankers? WHO?

By: snerka

snerka — Tue, 16 Dec 2008 10:54:32 +0000

continuted: And absolutely don´t belive it because I said it. As a soon-to-be business man you can not let anyone tell you the “truth”, you need to find the truth on your own.

Peace!