abudurrah
18th May 2007, 07:33 PM
very intersitng video about how money is made from nothing and the evils of interest based system today.
Why do they not teach this system in school, why do the media refrain from discussing it.
why is it when debts increases the economy is more stable.
it also provides alterenative solutions (people would tell me that in an islamic state there will be no paper but there will be gold, but this video also discredits gold as a solution)
Money as debt
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(leave the maths part out)
some quotes from the video
"And they who control the credit of the nation direct the policy of the governments and hold in the hollow of their hands the destiny of the poeple"
-Reginald Mckenna, Past Chairman of the Board, Midland of England
"This is what are money system is if there was no debts in our money system, there wouldnt be any more money"
-Marriner S. Eccles, Chairman and Counciller of the Federal Reserve Board
"When one gets a complete grasp of the picture, the tragic absurdity of our hopeless posistion is almost incredible, but there it is"
-Robert H. Hemphill, credit manager, Federal Reserve Bank
"One thing to realise about our fractional reserve banking system is that like a childs game of musical chairs, as long as the music is playing there are no losers"
-Andrew Gause, Monetary Historian
Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, there is no human relative between master and slave
"Modern banking system manufactures money out of nothing. The process is perhaps the most outstanding piece of sleight of hand that was ever invented."
"We are grateful to the washington post, The new york times, Times magazine and other great publications whose directors have attended our meetings and respected the promisis of discretion for almost forty years"
Why do they not teach this system in school, why do the media refrain from discussing it.
why is it when debts increases the economy is more stable.
it also provides alterenative solutions (people would tell me that in an islamic state there will be no paper but there will be gold, but this video also discredits gold as a solution)
Money as debt
<embed style="width:400px; height:326px;" id="VideoPlayback" type="application/x-shockwave-flash" src="http://video.google.com/googleplayer.swf?docId=-9050474362583451279&hl=en-GB" flashvars=""> </embed>
(leave the maths part out)
some quotes from the video
"And they who control the credit of the nation direct the policy of the governments and hold in the hollow of their hands the destiny of the poeple"
-Reginald Mckenna, Past Chairman of the Board, Midland of England
"This is what are money system is if there was no debts in our money system, there wouldnt be any more money"
-Marriner S. Eccles, Chairman and Counciller of the Federal Reserve Board
"When one gets a complete grasp of the picture, the tragic absurdity of our hopeless posistion is almost incredible, but there it is"
-Robert H. Hemphill, credit manager, Federal Reserve Bank
"One thing to realise about our fractional reserve banking system is that like a childs game of musical chairs, as long as the music is playing there are no losers"
-Andrew Gause, Monetary Historian
Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, there is no human relative between master and slave
"Modern banking system manufactures money out of nothing. The process is perhaps the most outstanding piece of sleight of hand that was ever invented."
"We are grateful to the washington post, The new york times, Times magazine and other great publications whose directors have attended our meetings and respected the promisis of discretion for almost forty years"