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our monetary house of cards and how to escape

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our monetary house of cards and how to escape

Unread postby lorax2012 » Fri 30 Mar 2007, 03:35:22

Here's an interesting video that reviews our fragile monetary system, but then goes on to recommend methods to escape. Is this new info to people here? what do you think of it and are there any other videos you recommend as better on this topic?

http://www.youtube.com/watch?v=kLV_-oQ1jMc
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Re: our monetary house of cards and how to escape

Unread postby FoxV » Fri 30 Mar 2007, 09:52:35

This guys presentation misses the fundemental point about how money is created through debt, which must be paid back with interest, which must come from money created by more debt

For a real indepth (and understandable) look at how it all began, and where its all going, I highly recommend taking the time to give this one a look. It just appeard on Itulip yesterday

Its 50 mins, so get comfy, but well worth the time
Money as debt

It doesn't intend to be doomerish and even proposes new systems to fix the problems, but when you tie in modern politics, and peak oil with it, it becomes some of the best doomer porn I've seen in a while.
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