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The Money Masters: Documentary about the recent history of banking (3hr30min)
invite response
2023 May 31, 1:24pm 572 views 4 comments
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1
DhammaStep
2023 May 31, 1:30pm
@patrick
I'm not savvy enough to figure out how to embed videos anymore apparently. Sorry.
I'm not savvy enough to figure out how to embed videos anymore apparently. Sorry.
2
GNL
2023 May 31, 1:38pm
GNL
2023 May 31, 1:38pm
Yes, this is a great documentary. All fiat is a (CON)fidence game. The only other con that would outdo fiat in audacity is if God himself were a ruse. IMO.
3
Patrick
2023 May 31, 2:01pm
Patrick
2023 May 31, 2:01pm
@DhammaStep Not your fault. Odysee video embedding is broken at the moment. But the link to it still works.
4
AmericanKulak
2023 May 31, 7:43pm
AmericanKulak
2023 May 31, 7:43pm
It would be crazy enough if they knew 90% of deposits weren't going to be claimed at any one time, and so lent out a big chunk of deposits at interest as if it was the bank's.
Yet, they're so greedy they create 10-20x more money than deposits.
And yet that would work most of the time UNLESS they weren't so extra crazy, they simply had infinite cheap money on top of that to borrow from the Fed.
One interesting idea is to make money the equivalent of a fraction of the total electricity generated by the country. Money would then naturally grow and contract relative to the economy, with maybe a small fudge factor (ie average of past decade).
Yet, they're so greedy they create 10-20x more money than deposits.
And yet that would work most of the time UNLESS they weren't so extra crazy, they simply had infinite cheap money on top of that to borrow from the Fed.
One interesting idea is to make money the equivalent of a fraction of the total electricity generated by the country. Money would then naturally grow and contract relative to the economy, with maybe a small fudge factor (ie average of past decade).
This is a documentary I've seen many years ago and I make it a point to rewatch it once and a while. Aside from a few quote misattributions, it is a valuable and easy to understand telling of how the financial system we currently grind in has come to be. I'm sure some of you might be familiar with it, and others I believe would benefit greatly from the knowledge found within.