Michael Legge (born 12 August 1968) is a London-based Northern-Irish stand-… Read Full Bio ↴Michael Legge (born 12 August 1968) is a London-based Northern-Irish stand-up comedian and television host. He has written for the BBC, ITV, Channel 4, MTV, VH1 and other media, and has appeared in numerous venues throughout the UK as well as in Australia, USA, Canada, Singapore, the Netherlands, Germany and Dubai. Legge has also performed warm-up for television shows such as 8 Out of 10 Cats, Would I Lie to You? and many others. Before becoming a professional comedian, Legge featured in several TV commercials.

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Most interesting comments from YouTube:

Sayan Majumdar

4y↑348

1.....3:43- How is money created
A 4:00- Notes and coins
B 9:10- Commercial Bank money
C 27:40- Central bank reserve currency
D 30:15- Significance of Central Bank reserves
E 35:20- A short history of money
2.....40:54- Growth and inflation
A 41:40- The effects of rapid credit expansion
B 49:08- A short history of bubbles
C 53:57- How to avoid inflation
D 55:40- Decrease in the standard of living
E 1:03:26- Ever increasing debt
F 1:13:04- Resistance to Banking flat monopoly
G 1:18:17- The bank run
3.....1:21:05- International aspects
A 1:25:00- Currency wars
B 1:35:51- Financial imperialism
C 1:40:30- Financial instruments
D 1:47:26- International currency reform
4.....1:49:36- National currency reform
A 1:52:16- Democratize the money supply
B 1:58:40- Safe banking
C 2:01:05- P2P banking
D 2:02:19- Barriers to reform

Francesco C

9y↑1

Very interesting documentary, very much enjoyed it. The voiceover is very uninspiringly spoken and some of the background music is relentlessly downbeat and often repetitive, which is a shame, but the interviews and content are top notch. The spoof "sponsor a banker" charity-style animation at the end credits is absolutely brilliant too! "Just £395 will help George celebrate minor achievements with a magnum of Cristal champagne".

With regards to the content, though I agree with vast majority of it, at 1:57:07 there is a suggestion that a new monetary system could take the form of independent bodies (elected by the populace of the UK) deciding where money should be spent based on economic forecasts,. This potential system sounds dangerously like the "rational" systems implemented by the USSR in the mid 20th century, whereby the state planned what resources were needed and where money should be spent based on their economic forecasts gathered from the populace's needs. The state believed this could solve economic instability problems and provide the country with what it needed, however ultimately it led to an unsustainable and ultimately ridiculous economy that failed on many serious levels. Unfortunately, economic systems and the public's needs cannot be planned and run like a machine, things just don't work that way.

Perhaps such a system could work now however, especially with the lack of a totalitarian state and a democratic one (more or less) like the one in the UK. I hope something positive can be achieved for us all, financially wise, a system that truly works for the vast majority of people. So many systems designed for society - communism, closed economies, capitalism, just don't benefit enough people in the long run.

Ron Burgandy

4y↑5

It took me until my early 30s to understand how money works. Thanks to the internet. (And ignoring people's opinions).

The flow, creaton, and evaporation....
Since understanding this, I have not worked and "earnt more" than all of my younger years when I working my ass off...

I understand working for this paper is just propaganda to get you to consume...

Ignore the wants, focus on the must haves, to survive and you can thrive.

Invest your money so it works for you, saving it is a waste of time. This is all these debt issuers do! Play their game! Take risks with it, it's only paper !
#And yah I hodl hard money 💰 Btc, gold, silver etc... These are my savings accounts when there's no easy investment to make.

All comments from YouTube:

Sayan Majumdar

4y↑348

Bon Shwananon

3y↑8

Thanks

Sayan Majumdar

3y↑2

@Bon Shwananon Welcome 🙂

Mr potato has banana

3y↑1

@Sayan Majumdar are you a communist?

Sayan Majumdar

3y↑6

@Mr potato has banana Don't know. But I support Socialism for sure. What about you???

Mr potato has banana

3y↑2

@Sayan Majumdar strongly anti communist and not socialism supporter but controlled capitalism.

32 More Replies...

Electric Cervix

8y↑49

24:55 and 1:06:35 are the most important messages. If everyone understood these points we might be able to address the real issue, which is a global economy and money system that relies on debt for growth. "We can't grow the economy without growing the debt, and the debt is the very thing that will bring down the economy" - Ben Dyson

WattonEarth

38w↑4

7 years later … your comment is coming true

BX BOMBER

29w

Money is debt...

bijan ghafari

7y↑19

Very well done folks. Bravo. We need more of this kind of documentaries to awaken the public from the illusions and virtual realities that it has been led to and bring its consciousness to higher levels of understanding.

RedRider1600

5y↑1

You've been brainwashed.
People are much wealthier now, much better off than 30, 40, or 50 years ago.
That's true for pretty much the entire world.
The "corrupt elite" has made everyone wealthier.

RedRider1600

JL-XrtaMayoNoCheese
Oh really?
How old are you?
What country are you from?

1 More Replies...

Prepperjon PNW

5y↑37

Very informative and evocative video. I learned much and I now feel more powerless and insignificant than I did before watching it. What can I do? I’m just one person on a fixed income in a small town. All I can do is pray and do everything I can to help my children and grandchildren succeed in the environment we have allowed the banks to create.
God help us

Whit4You KissThis

4y↑4

Awww I know - I think we all feel pretty powerless to do anything to change all of this. I will say this - when the current system totally implodes - we should all go out of our way to NOT vote back into office any of the politicians on either side of dems or republicans - we need all entirely new politcians not already controled/owned by corporations/bankers - possibly you can help me spread that idea when the time comes. (I have terminal cancer so unless this crash happens in the next year or so I likely won't be around to spread that message)

Also - you should be stocking up on all the things you would normally buy anyhow - as the purchasing power of any $$ you have is dropping by the day and will drop dramatically when the US economy collapses. AS far as your kids/grandkids - If possible have them learn a few skills that are MORE in demand in the worst of times... that way they can barter their skills for room/board at least.

Good luck!

Prepperjon PNW

3y↑1

@Whit4You KissThis I agree with you. I’ve been stockpiling necessities for years as well as means to defend myself and my home. My adult son has been doing the same and has trained to be a nurse and is also a veteran (army). Financially speaking we both own several houses and have gold rather than investing in stocks etc.

Chris Adam

2y↑1

pray to what?

gumed85

2y↑2

Buy bitcoin

Mike

48w

@gumed85 and some Ethereum for good measure

3 More Replies...

Joe Thomas

10y↑66

This makes up for all the hours I've ever wasted looking at people falling off skateboards, music videos & daft conspiracy theories. Thank you for such an informative & well presented video.

Nidhin Jose

5y↑11

One of the best documentaries on banking and money creation ever....well done 👍🏻👍🏻

Michael Riedler

6y↑10

A well-made documentary, congrats to that. I think it its attempt to explain how the current money system works it does a much better job than any academic literature. Even though, I think it is pretty clear that the bankers and the inaction of politicians are made responsible, which is portrayed very emotionally over the course of the film.

I think the core message of this movie is that money creation by private banks is fueling a massive misallocation of debt and price inflation. I think this is an interesting thesis to have a discussion about, however, I don't like these general accusations against millioniares and this portrayal of traders in a bank. A trader has nothing to do with money creation even tho if he did make 10 billion a day, that might be another interseting topic if there is too much speculation, but IMO has nothing to do with the core of that movie.

Anyways, great work, more of this.

jemeriah

5y↑9

Good documentary, Ben Dyson comes across, as calm, trustworthy and knowledgeable, almost a direct opposite, from the majority of our politicians.

Matt Olson

6y↑2

Good informative video. I’m from the states but there is a similar system here. The only issue I have is that it is pushing an agenda instead of simply reporting. I’m more of a free market guy but believe that we should have a gold/silver/platinum/paladium system that is worked by the government. Minimum regulations but get the banks out of the business of voting for money creation and monetary policy period.

Kavin Mughil

4y↑3

Love you Guys❤️🙂Thank you guys🙏🏽 I think mother earth is still able to sustain because of few good human's out there like you guys to support and help the majority of the poor🙏🏽 This makes us more responsible of what we do which will directly or indirectly affect our next generations 👍 Kudos to the Team. Live and Let live❤️

tentacle pawn

3y↑2

I wonder if someone knowledgeable reading this could help explain how payday loans (in particular in the UK) fit into this picture. This (excellent) documentary explains that when you 'borrow' money from a major bank, you are not really borrowing at all - rather the bank is electronically 'printing' new money so that your debt carries virtually zero risk to them. Given that only 40-odd banks have fiat accounts with the Bank of England which enable them to do this, yet there are more than 50,000 lenders in the UK 'regulated' by the FCA, where is the money these smaller lenders loan out coming from? Do they all have some arrangement with a bigger bank which 'prints' that money for them? Is it more complicated than this? As a person with very little income and considerable (well, in my terms) debts to both major banks and payday lenders (or whoever they have sold the debt to since I borrowed it!), I would love to understand where all of the money I owe actually came from. I'm having real difficulty finding anything concrete online after persistent googling. Thank you in advance for any clarity you can provide!

Said Yahya Kaban

3y↑237

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
-Henry Ford

christdragon

3y↑14

This is one of my favorite quotes. Thank you.

ryublueblanka

3y↑5

You said it! Well said.

R R

3y↑19

I'm not even angry at the people at the top I'm angry at the sheep who do what they are told without question

ryublueblanka

3y↑17

@R R yeah but you can understand why the people are like that... because the top spend a lot of time money and effort to make sure the people are this way

RnR Rosann

3y↑3

@R R Its very hard to see the deceit and control...look at it from we left our mothers womb our whole life has been scripted..The only thing necessary for the triumph of evil is for good men to do nothing.

5 More Replies...

taiwanjohn

11y↑4

Great job. Two thumbs up! On the democratization of money, I like Bill Still's idea. Rather than pegging the currency to a basket of commodities, instead peg it to our most valuable resource: people. Simply increase (or decrease) the money supply according to changes in population.

Dawood Sulaiman

7y↑1

A very informative documentary, keep up the good work. I was wondering if private banks create digital money and floats around twenty or thirty times more than actual cash then a time will come for the demand of the real cash is it? That can cause deflation because there will be a demand for the cash and all the assets will be in market for sale. So I reckon even gold price can crash as well. So the Central bank will fire up printing money until it leads to hyper inflation. Or How is it going to end this?

Oznem Derks

5y↑4

I do find it hard to totally get this documentary although I am a business student. I feel some examples and illustrations of how the structure really works and looks like would greatly improve the documentary. As of now, I feel I need to construct the whole framework in my own mind in one go, while I need to remember 5 different institutions doing different things with different types of money.

Danny Tillotson

4y↑18

I believe the documentary said in the last 30 years digital money went from £1 real to £12 digital to £1 real to £37 digital. That means my wage is 3x less than what it used to be 30 years ago and to make it worse, work is even harder! What has happened is minimum wage went from £8 an hour down to £2.66 hour in 30 years and we're working even harder for it. I call quits.

Robert Eversfield Manley Francis

The basis of credit is the trust that the person receiving it is able to make good use of the investment and show some kind of productive return. This applies to people of various trades and professions and also applies to corporate bodies as well as countries. People create intrinsic value because it is only found in human creative enterprise, not in the relative value of gold or ores, or some other commodity that has to be associated with money in order to make it valuable. Money is valuable because it has human creativity behind it.

John L

4y↑1

This was so enlightening. Identifying the fraud and the solutions!

Josue Hernandez

9y↑126

Videos like this are the reason youtube exists in my book. Thank you for making this! Thank you for helping people wake up!

Scott Martin

4y↑3

4yrs later shits even worse. Being woke means absolutely nothing at all

Wake Now

2y↑1

@Scott Martin the great aFakening

1 More Replies...

truthcrusade

10y↑3

Fantastic, absolutely great! Thank you for making this wonderful doc. Will spread the word. In this day and age of free communication, people can and will be educated faster than ever. When the critical educational mass has been reached, MONETARY REFORM will be inevitable.

nemo

5y↑14

We are so grateful for this video and all the work you put into it . Thank you Independent POV.

DomDom

42w

Decade on and this is still so valid. Visa I watched it when it first came out... Makes Bitcoin an obvious choice for decentralised finance system with no option to create supply. And it's already based on energy production needed to get each one out - bridging digital and physical

tropickman

8y↑455

This video has failed to make the easiest comparison for the mind to understand: those who can create money out of thin air ultimately exchange it for labor and real resources. Over time, small groups become disproportionately wealthy and privileged, and utilize their might to promote improving their position indefinitely. Promoting disparity, poverty, conflict can then attain even more labor and resources for same amount of wealth.

williemo44

8y↑14

Close. Money is a metric of productive energy. The central banks supply this metric called money prior to using it to set forth that productivity. If the central bank misses the target growth is stifled and the money supply is increased by lowering interest rate. If they create to much they reduce the money supply by raising those rates. Money is printed, circulated, and then burned when removed from circulation. This is supply side economics.

Nathan Robinson

8y↑19

You misunderstand, they lend it out, not exchange (buy/sell) it out

Ali Attarpour

8y↑1

nocoment

alueshen

8y↑5

+tropickman
This is a political failing, not an economic one.

45 More Replies...

Andy Bradley

5y↑13

So much valuable info in this film.... worth every second. Thanks for this <3

ТурбоТОП

7y↑349

i always wondered why a person can borrow money and then default on their loan and not go to jail for it. I used to think this was a form of robbery, right? you take money from someone, you don't return it. But after this documentary it's clear - the money never existed in the first place, it's just a freaking derivative based on a promise

RISERPRODUCTIONS

6y↑32

you dont go to jail because
its not a crime if someone gives or lends you money usually a court matter ...
The money never existed your are correct and the bank is actually controlling and scamming you.
the bank doesnt care if you pay everything but the last dollar or not because they own the house or whatever no matter what even if paid off you still have to have homeowners insurance and pay taxes every year.
The bank makes their money off the interest and if you default on the loan...
and last rich people get rich off of other peoples debt ,trading debt and selling ,buying debt is how banks and rich people get rich.

Mint Mastering

6y↑16

William Iannucci that belief hasn’t worked in over 2000 years.

jim bob

6y↑12

Don't forget that when you ring up for a loan and they ask what its for, and you say "living expenses" or similar?. They say your not aloud to do that, they won't give you the money, I've been told directly I have to be buying something with that loan. So collateral. They knowingly loan you the money so that if you default they get assets, if you pay it back, they get lots of interest and before you've even payed it back, they are loaning the interest that you have yet to pay, to other people. It's win win for them providing you are buying something material. So if you want to get back at the banks, just default on your loan and sell every material item you have at the same time, then... then! you will go to jail, possibly.

33 More Replies...

Adresse Poubelle

Even though a huge percentage of people is not succeeding at gathering what bankers and governments decided to regard as money, we still accept it as such and are responsible for the banks' power by continuing to work in exchange for this money.

G M

First, thanks for the video. Very interesting. A well known topic for many people who as me discovered years ago how the system works. The question is, and it seems everybody knows the question, but nobody is really able to make it: If the banks can create money out of nothing, which it should be illegal, if I do it, I go to jail. Why can we just sue them? I know that who creates money has the control over the law, but if we allow them to make whatever they want, we can see the consequences of this greedy people, when they have all the money in the world, still they will look for more money and power. Why not creating a systems based on resources rather and debt?

Debbie Barrie

4y↑2

What a fantastic informative video should be taught in schools so when we put an end to this our children won't let it happen again thank you

Marcus Irwin

This is fascinating. I've been researching the US Federal Reserve system for years, but this is the first time I've really seen how the UK system works. Different ways to accomplish the same screw job of the citizens. Central Bankers' know all the tricks. Moving the net differences in each day's activities between five private banks in their accounts at the Bank of England with special central bank money to cover everything. I guess that was the fractional reserve system. Now that's meaningless too. Just like America! Welcome to the mad tea party, mates.

Mayank Rathi

41w↑8

I am a 28 year old guy. No background in Economics and finance. Just out of interest started researching what is money. Read 3 or 4 books. Saw 3-4 documentaries like this and already ahead of almost all the people i know of how and what money is. Thank you for sharing this.

AK-47

39w

What books

Mayank Rathi

39w↑2

@AK-47 History of central banking and enslavment of mankind, the creature from jekyll island, how much is enough, tragedy and hope

Timal P

3y↑3

The only mistake this video makes is that commercial bankers are not "doing as they please". They are heavily influenced by bureaucrats at the treasury and central bank. Every major decision banks make have to be signed off by these bureaucrats. Even during the 2008 housing bubble, they were heavily incentivized by the central banks. If it wasn't for the central banks, there wouldn't have been a housing bubble

bassdewd

8y↑2

It surprises me why cryptocurrencies are not mentioned as a method of monetary reform. In essence, they cannot be controlled by governments and central banks, which is one of the major reasons that other monetary funds have been doomed to fail.

Richard Blackmore

10y

Maybe I missed it, but one of the things not explained in this is that the supply of money fluctuates. Banks create money when they loan but If that loan is defaulted on that specific created money goes out of the system (essentially disappears). Basically both the U.S. Federal reserve and other banks have money to lend because they say they do (well, 95% + of the lent money anyway).

Stewart Jones

39w

When I listened to an interview with an economist after the financial crash he said that before the crash he had asked the heads of the banks what they made of the new financial instruments that were appearing and they all said they didn't know. It was when thinking about this that I remembered an interview with a poker player, at the end of the interview he was asked whether he had any advice for the audience. He said yes, if when you join a game you haven't worked out who the mug is in a short time, get the hell out of there because it's you!

Francesco C

9y↑1

Andrew

3y↑2

Well done. We need to be aware and constantly reminded to live modestly as this Ponzi scheme can collapse at any minute.

TheRABman _

5y↑5

Very very very well put together video! learned so much from it, went off and learned more over a year ago...came back to re watch it

Charles Bayley

6y↑1

Superb effort to inform the public, let’s get this out there. It’s hidden in plain sight

laura Makowska

10y

Great documentary, so glad I came across this! this is the most important aspect with regards to change

Nancy Robles

4y↑5

Now that man explained it better than anyone else: the word Credit derived from original meaning; to believe that 🤓

theDownhiller

It was surely a very interesting and eye opening documentary to watch.
Now more than ever before the time has come for us all to unite and think of a way to substitute and replace the actual monetary system,which is destroying our society at a ever increasing pace,and just as importantly,is destroying our beautiful and wonderful planet Earth...
From a Portuguese downhiller emigrant in Holland,respect to you uploader for uploading such awareness creating documentary,as well as respect to all the human beings around the world who are struggling with their daily life and fell victims of this imposed and unfair banking owned monetary system...

Hubert Boorder

Hey Simon you're awesome. Thank you for sharing your knowledge. If you put your money towards gold, silver and Bitcoin; what would happen if the government decided to control the internet eg shut it down etc. How could you get your bitcoin to use. This is very hypothetical but what if the internet collapsed how could someone access their Bitcoin?

soapbxprod

10y↑125

"It's kind of the system that we're locked into now. We can't grow the economy without growing debt- and the debt is the very thing that will bring down the economy. The only option is to stop banks from creating money as debt."
And there it is, in one paragraph.

Wally Smith

10y

I hate to say it but I was afraid that you agreed with this. I'm actually pleased to see you realize this house of cards is going to fall hard one day.
Do these morons believe the politicians don't understand this? I know this and I'm just a low life citizen.
I was arguing the point we needed more regulation on the Ayn Rand site and getting attacked on every front.

soapbxprod

10y↑4

Wally Smith
They say here that regulation is nonsense as well. The regulators are owned by the regulated. Look at the past eight years. Look at who's running the Fed and the Treasury.

Armand Levinsky

10y↑1

Wally Smith Government regulation merely narrows competition. And competition is nature's regulation system. Government energy should be focused on matters of whether or not laws are being broken.

Wally Smith

10y↑1

Armand Levinsky I'm not talking about industry I'm talking about the crooks that own the Federal Reserve.

soapbxprod

10y↑2

Wally Smith
Those crooks- the Fed chair and board members are the 'regulators' that you champion. Revolving door from the Treasury Department to the Fed to Citibank, JP Morgan Chase, and Goldman/Government Sachs. Engineered by Princeton alums, mostly. Since Woodrow Wilson.

64 More Replies...

Veilingmeat

Intelligently presents the topic of the economy/money as discussed in documentaries like Zeitgiest 'Addendum' and 'Moving Forward' as viewed thru the lens of ppl living in the UK. Informative and relevant!

Aaron

10y↑1

I thought this was really well done and informative. It was dispassionate, factual, and dense. There's a lot of information to process and question.

Jasmine Jones

3y↑1

The best person to have EVER explained the monetary system is Peter Joseph in his Zeitgeist documentaries !! He's a genius 👍

GW

6y↑1

Most of that was over my head. What practical steps can an ordinary human being do to help transform this utterly corrupt system?

monetize_ this

learn a trade that people will always need. Avoid earning so much that you attract attention.

Bill Richardson

4y↑2

I've understood that we live in fiat economic system for some time. I also understood that banks create credit. My two questions are why would it matter if people default on their debts. It would almost seem that if you had a default and created 4 new loans at the same time that it wouldn't even matter. Also how do you get the power to be a credit creator.

sudip modi

5y↑254

This was published in 2012 , it's 2019 now and the video has so less views in SEVEN years , I think there's a reason why so many people are in debt , they just don't want to learn.

GaslitWorld f. Melissa B

5y↑17

It takes a lot of shrewdness to figure out how to work the system to your advantage. That is why people willingly enter into debt. They figure that they can get by as long as they make regular payments on their debt. Then one catastrophe finds them drowning and their eyes are finally opened.

vinicius ornelas

4y↑21

Yt algorithm screw up with this kind of content, while it boosts other crap stuff

Rich Well

4y↑7

How does this video suggest we get out of debt?

TheTable

4y↑11

@Rich Well It Does not suggest us how we get out of debt. its make us understand how the money system works. It's you who need to find a way to use this money system for your advantage and get out of debt.

27 More Replies...

since then

6y↑14

This documentary is one of the best documentaries I ever watched... however "The Four House Men " remains the best of all times...how I wish if the team that made this documentary can do a documentary about Republic of South Africa's economy and the effects of Land reappropriations without compensation.... considering or in relation to Zimbabwe and Venezuela struggling economies

Gabriel H

DW documentary has a good one on that

1 More Replies...

Kaname Fujiwara

10y↑1

Powerful - intensely emotional. A round of applause to this video ladies ang gentleman.

jose antonio barrada dominguez

Ahora entiendo a mi padre,el era trabajador de una empresa de traslado de dinero,de alguna manera tuvo acceso a presenciar,como se quemaban toneladas de billetes,con el argumento que solo serían los que Lucian viejos,nunca entendió la firma en que el sistema se protegía asimismo.Por tanto los bancos a nivel mundial deben tener una especie de códigos en sus procedimientos,las bandas magnéticas facilitarían estimar los valores que se queman,y establecer sus balances.Es una locura!!!!

Macio Luko

5y↑45

In other words, a bunch of kids got together and said:”I don’t wanna go to work. I wanna press a button and get money”

-Brilliant!

Me too!

Kenny Bman

5y↑1

Except they have unlimited money now and they do/control whatever they want

Freaky Dee

{Forbidden.Knowledge} what's stopping you from forming the work you love?

Courson on Zion

4y↑2

@Freaky Dee same reaso that stopped you, its a rigged system ad you come out as a loser because they press a buttoa d the economy collapses and you lose everything. Did you even watch the documentary man? You can lose your savings overnight you need a loan to start a business and you will be a debt slave to evil people.

James West

3y↑3

No, it is the "conservatives" that voted to deregulate the banks. They followed exactly what the banks wanted them to follow. The banks loosened up the market with low interest loans for risky endeavors so for a few years the economy appeared to look robust and the politicians could point and say "See, deregulation makes capitalism work like it should." Then the whole economy tanked!

1 More Replies...

Phil

Seems to be a strong connection between when banks were first allowed to provide Mortgages in the 1980s and the massive rise in total money and massive rise in house prices.

Strife

Thanks for the info

Clermeil

9y↑9

This video made sense. I am a biologist, not an economist, so I am not able to immediately confirm (or refute) the claims made here for myself. All I can say is that this video seemed to make sense.

richardscathouse

6y↑1

Shaun Murphy Capitalism is simply a cancer! That must grow to live eventually running out of resources destroying its hosts and dying when finally exposed to sunlight this can be put off but the end is always the same!

1 More Replies...

Daniel Ram

thank you for this public service of sharing this kind of cohesive and complete information on how money is used in relation to occupation and control. So eye opening,

Saffron Starr

Good doco, which addresses more than most, the need to explain the many complicated arteries of the modern monetary system, in ways that everyday people can comprehend in order to clearly see the shocking reality and be motivated to become active towards demanding reform from their government. It's interesting that some ideas on reforms are suggested as well as some of the featured speakers sharing their own thoughts on methods of reform. What I find bizarre after watching many of these docos is that no-one seems to want to demand retrospective adjustments to accompany reform. Yes we could see many countries introducing financial reforms which would change the playing field for the banks and their filthy rich owners and essentially curb their exponentially increasing profits, but I personally would like to see a retrospective 75% tax on all profits gained from this financial speculation in the past 20 years to be earmarked for redistribution to the victims, being the people in society who have nothing, no savings, no property and no chance of getting any quality of life because of the destruction of a fair monetary system for all by the greedy lot who have been getting disgustingly rich simply by financial speculation. This practice has ruined society and it is my belief that those who caused the damage are the ones who should be held accountable and held responsible for paying reparation to society. The proceeds should not be allowed to be used for any other purpose but wealth redistribution to balance society's class inequalities. This should be coupled with realistic wage reforms, devaluing the property market and compensating negative equities, reintroduction of gold standard monetary system and tight restraints on future banking practices whereby the fractional reserve lending is set at a sustainable level so as to eliminate spiralling inflation, and major investment in small business on a domestic level while slashing the volume of unnecessary imports. Trade is all well and good but it's ridiculous how the escalation of global trade has made individual countries incapable of meeting their own domestic needs. Self sufficiency should be the goal of governments; only import luxury items that are not essential to survival. Domestically, any nation should prioritise production of all survival essentials like dairy & agriculture, apparel, energy, building products, pharmaceuticals etc, and these are the areas that should be focused on for supporting small business to make sure they become a self sufficient nation. As long as that is achieved, then any businesses focusing on exporting their products do so by choice but are not the cornerstones of the nations survival in order to meet some trade agreement to be able to import products because with a self sufficient society they will not be dependent on any imports whatsoever. Some might say "what about petrol?' Well if there is no domestic supply, then they need to focus on getting the nation powered by alternative methods, so investing in technologies like renewable energy to realise that goal. The less dependency on foreign trade the better in my opinion.

Tycho Dammers

+Saffron Starr The back-tax should be 101% of the profits of the swindle, to make it a little bit more fair ;) But I think most of the people responsible for the current situation will be lynched by the mobs when shit hits the fan anyway. Especially the politicians, when they keep on lying about the credit system and keep on resisting the reform of this system. There will be, literally, no place for them to hide. Their debt to society will be paid in full by their families and heirs.

Rafael Santiago

3y↑1

what people need to realize is that human beings need incentives to produce and create things. Money is just one medium. My point being, banks aren't the problem it's just the human condition. we need to evolve consciously.

Pati Sattler

10y↑1

Your research is appreciated please keep it and thank you for the information sincerely

Very Interesting

5y↑1

Great documentary. Resistance is not futile.

Ed Reyes

6y↑8

I read all the comments and agree with many. My greatest concern is that ,it appears the writing is on the wall . Our financial system is flawed beyond repair. I fear for our children. I fear for humanity.

monetize_ this

5y↑1

bankers! more fishy than a trawlerman's trousers.

you gonna eat that?

43w

@monetize_ thislol that's one I haven't heard! 😂

1 More Replies...

D She

At last, a proper explanation. Thank you so much.

Charles Masters

Since this documentary was released, crypto-currencies have started to give people the option to opt-out of this corrupt system.

Alsace 68

3y↑1

Brilliant video...and I love the story of George!!!! we really are a bunch of naive suckers and I feel helpless:(

lancsFrogger

8y↑5

good documentary. reasonably well produced. fell short of clarifying the essential points here & there (animations would've helped).

Amanda P

3y↑2

Any chance we could get one of these documentaries featuring the American banking system?
I realize its essentially the same thing but its difficult to convince people the American banking system works the same way....

Hristina Trajkovska Trajkovska

4y↑8

Because of this we must teach our kids for money and banking system. Everybody should know about money, and why we don't teach anything about this in school

VisaAVTS

10y↑1

An eye opener.WHAT A GREAT DOCUMENTARY.Thank u so much for watching.

Wanderlust

Can a government not work on a substitute for the current currency? In Germany there are meanwhile a few local currencies, created by amateurs, that work well (e.g. Chiemgauer). Throurougly planned, the new money could be implemented in the form of a currency reform in a tapered manner. In Germany we had a couple of currency reforms in the last century and we survived it ;)

Solomon Kalit

3y↑1

Thank you for this very informative video!

D Nickaroo

5y↑1

When new money is printed, the important thing is Who gets it first. At that moment, the money has most value (it loses value by subsequent inflation; the devaluation of the Currency means that "savers" of money, and later users of the money are all effectively contributing towards the wealth of those who receive the money first). These are the Owners; they know how the system works, and determine who it benefits. Capital becomes more concentrated -- in the US amongst 400 family groups. In "Social Democracies" we often believe that there could be a reasonably equal distribution of Wealth. But the Owners control the Govt and financial systems, so they will decide that. This has been well studied for nearly 200 years.
John Foster Dulles explained to his brother Allan in about 1950 how the system worked: "The poor envy the rich, and want to plunder them. However, our Policy is that the rich should plunder the poor". John Foster was US Secretary of State, and Allan was Head of the CIA. A grand-father and an uncle had also been US Secretaries of State. They were Partners in Sullivan and Cromwell, Corporate Lawyers (one client was J.P. Morgan). John Foster was married to Janet Amery, first cousin of David Rockefeller. Together they virtually founded the CIA, which has always had close connections to Wall Street. John Foster founded NATO and advocated massive retaliation against any Soviet aggression. In 1954, France and Vietnam had an Agreement about the future of Vietnam; John Foster rejected that Agreement, and a result was the Vietnam War. Allan Dulles was sacked by John F. Kennedy after the "Bay of Pigs" fiasco. Despite this, Allan Dulles was in charge of the Warren Commission which investigated the JFK Assassination.

Paul Mont

4y↑1

Really the trouble with this is that our own fellow men work for these institutions - they thrive on this and keep it going because it works for them

1rasINK

41w

Well stated...it had to be said.

Fernando Z

6y↑16

As someone with a bit of poverty experience, I've found some awkward concepts: Powerful people, whether they know it or not, are the predators that thin the herd. Every different kind of animal in nature serves a purpose in their ecosystem. Humans run parallel to that paradigm in their economy. When an organism has no natural boundaries or enemies, all resources begin depletion. Relatively affluent middle-class first world citizens use far more resources and occupy more hospitable territory than their poverty-stricken counterparts. Anyway, I think you know where I'm going with this. Wealth consolidation is lethal. All living things need to be kept in check in order to prevent an Easter Island scenario. I've concluded we truly are a product of our environment. We're emulating nature through economy. In our minds, anything which uses us for sustenance is deemed inherently evil. What I am not certain of is what will happen once powerful people no longer need mass human labor. We know money is pretend, but, if said people have total control over all the resources and valuable land/sea/air/space/cyberspace, what will they do with the rest of us? The best answer I can come up with is to make us infertile.

Granada 1493

5y↑5

Don't be so pessimistic, my friend. There is actually a very simple solution to all of this. Human suffering is not inevitable as the rich would have us believe: bring back gold and silver currency - which have intrinsic value - and eradicate interest in all its forms. Gold and silver is hard to manipulate financially, and retains its value even 3 centuries after being in use, thus making boom and bust impossible. Eradicating the smallest amount of interest will create a level playing field. That's all it would take. Learn more:
https://youtu.be/RfPsm3CtUZU

(Look up this speaker, he's good).

R Nunez C.

Eastern island scenario is not what you think. Islanders indigenous people are more intelligent than you think...they understood Nature really well and we're not stupid as some people think to chop their way to extinction. In fact, that's what we are doing now and we are the supposedly intelligent generations sure give me a break. See we our generation are the idiots thinking we are more intelligent than Nature something preposterous but true. See I.e. leave a cup of Coca-Cola or Gatorade outside your yard and watch if Mr rat, cat, dog, bird, bear, ANT, or bee cones to drink that stupid liquid...but wait here comes human and thinks us great ...to drink orange or red coloured sugar ful and drink thinking is good for him her...
And it has to be very cold and icy so you tongue gets numbed out so you can't taste all the sugar tons it has and drink loads of poison...great..!..see your tongue is there to flavour food and be able to tell poison as well as your nose..like all other animals ...etc...sorry if this may offend but it's my way to try to wake up "intelligent" people ...

7 More Replies...

Adresse Poubelle

5y↑2

The only reason banks have power is because we make the money they have valuable by believing it has value and hence offering to work to earn it. The reason one wants to earn money is because other people who produce wonderful things to purchase also seek that same cash. A vicious circle. The question is, how do you get out of it ? If you do, it has to be a massive synchronised move made my all at once. Just have everybody stop recognising money as valuable. Sounds so easy

Justa man

9y↑4

I enjoyed this documentary, I'll certainly watch it again, but it does not go far enough for my liking. It seems to paint out politicians and other figures of governance as naive, rather than rank rotten, stinking, steaming pile of faecal matter corrupt. Also, it carries the message that if we could seperate retail from investment banking, and regulate money creation, all our ills would fade away. I am extremely wary of any production with this level of nous, which suggests treating the symptoms of cancerous corruption, rather than the disease itself. I believe we have experienced the biggest cash grab of all time, godly in its scope and ambition! These cycles of theft always drive the system to collapse, it s a one way ticket, but those who perpetrate it, the 'elites', think they can safely cash their monopoly money in for tangibles priory to utter ruin, and then step back in when the dust settles. I have a message for these people...we are going to nationalise, amortise, world wide ostracise, then immortlise your ass for all future generations benefit.

1rasINK

41w

I don't agree; one should not dump too much blame that ought to be placed on a cowardly populace and not exclusively on a few somewhat brave individual representatives of all those people being spoiled--practically pacified and pampered to not do but rather do what they are told; to the extent they do because they are bought and sold.

Oriol Serra

3y↑3

One of the best documentaries I have seen lately.

BRYAN LEWIS

10y↑35

I could never understand why governments need private banks. The myth is that when governments own the banks the money is worthless, but with private ownership of a nations banking system it works.. This is the real con.
There is absolutely NO reason why all nations should not own and control the banks and thus all the profits stay within the country for the benefit of the people. The perfect opportunity arose with the 2008 bank bailouts, which should have been buy outs or better simple nationalisation.

MultiMK6

10y↑4

thats would be quite difficult when a nation is in debt to the bank which asked for the bail-out... even the bail-out money is probably borrowed from the bankers....

BRYAN LEWIS

10y↑8

MultiMK6 that is the point money created out of thin air by our govt.. is no different to money created out of thin air by the private banks...

nietylkodupamnieboli

5y↑2

@BRYAN LEWIS: It is expained in this video what is the difference. It is even better explained in the 'Princed of the Yen' movie. When a gov prints money, there is a greater amount of currency in the system, but the same number of goods and services available on the internal market. If those money are given to the people to spend on those goods, there an inflation will arise and those goods will raise their price soon enough. But, if the gov spend those printed money on productive business, although sooner or later, an inflation may arise or a currency devaluate if money are spent on the imported subproducts, technologies, etc..., the productivity of the country will rise, therefore in short notice a number of goods and services would rise proportionally to the number of currency available on the market. In a post war Japan it boosted an economy of Japan, but after an economy crisis in 90's, the gov has changed its politics and has lend money from the international banks that brought a greatest debt in the whole world, but this time productivity hasn't been raised, quite contrary is has been diminished for a years while a bubble being created. And the debt has an interest that has to be paid to the lenders.

motanelustelistu

@BRYAN LEWIS EXACTLY.Instead.The english government paid them so they don't go bankrupt ,wich,were SO DAMN MANNY MILIARDS OF POUNDS,that it amounted to about 24-30.000 pounds/ man,women and child ."Nice" isn't it ?

damok9999

5y↑2

humanity doens't need government, every excuse for it is caused by it

1 More Replies...

Ma Chud

51w↑4

This was made 11 years ago even today the masses still have not learned even after the last 3 years!

Sergey Medentsev

48w

Karl Marx wrote "Capital" 155 years ago and today the masses still have not learned what capitalism is and how it works. Including the authors of this video and commenters under it.

Ma Chud

48w↑2

@Sergey Medentsev But you have all the answers Einstein?

Sergey Medentsev

48w

@Ma Chud I've clearly indicated where you can find all the answers. Fix your ignorance and educate yourself - read Marx and Lenin.

1rasINK

41w↑1

Then I will someday believe they deserve their financial fates.

Bryan Munce

9y↑4

This needs to be shown nation wide

Herbie Husker

Tom Arnhem, show it galaxy wide and it won't change a thing. Why? People will choose revolution and the revolution and/or change will be funded by the money men. We will end up in the same spot as before. Do you honestly think the average person who can't see beyond their own front porch will create a beneficial change?

Carlos Figueira

great informative program. thank you very much. i have been asking this questions for years. you people should be running the country. good luck in your future.....

Peace: ❤ BLACK GALAXY

The biggest problem with money is the fact that it has turned as weapon to destroy human relation. So, as some use it in this manner; they are losing the joy of having so much of it since it is not creating happiness to them but rather depression and sadness.
So, there is a psycological effect of money usage or creation and human happiness, health and relationships.

Freedom Chef

30w↑1

Did you ever notice that whenever you take out couple of thousands from the bank. The employees there are actually get upset and angry. It's like they don't want to give you your own money😮

Jeffrey Ohler

6y↑1

QueuePolitely thanks for sharing this. Some of this I already knew yet there was a whole bunch I didn't.

I was actually wondering if you, or anyone else for that matter knows who the gentleman with the glasses,talking to the audience about the tulips is? @ 52:46
I'd appreciate itas I'd like to hear more from him.Thanks.

Schaksimo

The Making money out of money scheme sounds like a Tulip Mania scenario (a necessary one probably to maintain a living standard). It would undoubtedly work (this house is now $800K and that's that) but could be the reason we are heading for a crisis. Population growth and new buyers entering the market will not be sufficient to keep the numbers looking good for bragging rights, so you now need to not have savings on top of not being wealthy. In 50 years from now, there's a lot of non-sense which will be more obvious to us. Business should have been caped by the profit using the same logic (increase spending, diversity, possibilities, employments).

nathan moore

4y↑5

I've been saying this for 20 years. Who is it that has money to lend to entire nations? Why do nations have to borrow every year? How is it right that a few people have systematically seized the planets real wealth and 90% of the world has to beg them for help. How is that moral? Redistribute the wealth. All of it to all the people. Pretty sure that will get the economy going. Unfortunately that would ease people's lives to the point that they will probably have time to work out they are being enslaved. And that will just never do!

Shankar Vk

Without fractional reserve banking, how is it possible then to create the lendable pool? This is working pretty well in the Indian system

Temptatia Mystress

The mechanics of the money system are not hidden. They are literally written into State and Federal laws for those who wish to read them. Most people are too inclined to be entertained to learn or understand them, even given the ample amount of time available to do so. It's a choice. And in that choice lies freedom.

Kunal Patidar

5y↑2

@independent POV can you make a doc. film on India's financial system? Is India's system is same as you shown in this doc. or different?

lordmoynetube

This would explain things such as:
- Limited daily total withdrawal from chequings accounts
- Limited number of withdrawals from savings accounts per annum
- Giving out credit cards left right centre
- Promoting use of debit cards instead of cash

Dima Noizinfected

Maybe we need an social app where big group of people will plan stopping paying bank debts at one time?

Politicriminalwatch of Adam Coleman

9y↑8

Love that ending! Great documentary!

Arthur Adamson

10y↑2

In my opinion this is the most important documentary on the internet today.

Stillar Mahn

Thank you for this great documentary.It was mind blowing for me. Are there Chinese subs and if yes can they be downloaded with the Documentary? Thanks for putting it on Youtube.

Independent POV

There is a 60 minute version with Chinese subs, search for 97% Owned Positive Money Cut

Joe Hoe

3y↑1

Excellent documentary.

Ramesh Acharya

6y↑1

This video is enough to understand macroeconomic dynamic, monetary economics and manipulation of macroeconomic variables in their interest!

Ron Burgandy

4y↑5

Patricz Patrice

3y↑1

gme is the way

Ron Burgandy

@Patricz Patrice I'm so glad to see the price atm. If I'm not wrong some of the shorts still owe Marvin like 15$

Ralf Nickoleit

1y↑2

i'm glad I got into crypto when I did because it’s been a turning point for me financially,been my best decision so far*

Thomas Wenger

it is amazing to see how others deal with Mrs julia, I am currently making my 5th trade with her and my portfolio has grown tremendously all thanks to her.....

evan

What a nice scale conversation. Totally natural.

evan

More scamming. Good job to you, people behind the fake accounts and convos.

Myles Gray

This is really interesting. In an expansion in the US, the only loans available at a reasonable interest rate to Americans are mortgages, student loans, and car loans. Car prices are somewhat fixed so people just buy higher models with larger loans. Houses however are limited in supply in cities to the prices have to rise rapidly with so much money going toward them. Investors chase the health gains. Boom and bust in housing with be standard economic cycles with this system in place. The student loan bubble is not so easy to reset but eventually, all graduates will be poor for a lifetime due to the debt load of a degree. We already see students graduating with mortgage size debts. How much bigger will the debt grow?