Money as Debt III - Evolution Beyond Money

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Information Money as Debt III - Evolution Beyond Money

Title	:	Money as Debt III - Evolution Beyond Money
Lasting	:	2.19.30
Date of publication	:
Views	:	8,2 rb

Your presumption that money should be valued based on future promises (39:10) is not necessary Money could be circulated based on work that has already been performed We avoid all of the complexity explained in the rest of the video Future promises create slavery Only employers who have assets can make deals to pay for work after it is performed No goods should be given prior to payment That is the way it works in retail and that is how it ought to work everywhere Future contracts can only work when the debtor assumes to take on the full risk
Comment from : Keith Kennon

There are digital systems that can currently meet the needs as money, being able to handle all transactions in a reasonable amount of time, not requiring appreciable work to manage, not being able to be permanently lost, not being easily stolen, not being able to be counterfeited, not being able to be inflated artificially, not requiring government oversight or being controlled by anyone, and having an easily understood system of usage Our enslavement to financiers must end - either through diplomacy or violence
Comment from : Keith Kennon

by whom is this new system enforced and what is the motivation to "govern", unless power/influence/financial interests?brbrfor the vast majority, where do "savings" come from, moving from a system of debt to the new system at parity?
Comment from : Kevin George

13:27
Comment from : Kenneth The Great

8:32
Comment from : Kenneth The Great

Bitcoin is the solutionthe world has just not done their homework yet Better get some before it's gone
Comment from : John White

So, I realise it's much more complex than can be covered in a yt comment section, but the proposed commodity and production based economic system sounds similar to the economic system implemented by Germany after the Weimar republic, outside the purview of the world banking system Churchill himself is quoted as saying that her economic recovery was Germany's real crime and that the world would thrust a war upon it whether it wanted it or not Of course the banks organised a worldwide boycott of German goods prior to any racial laws or overt persecution, an historical fact that is conveniently overlooked by today's bank owned media and academia And the Germans fell into the trap they laid Much of history is only loosely based in truth, at best
Comment from : Fishmonger

To stop the monetary system would require stopping the dept trap, but that is easier said than done now - the horse has bolted and can't be stoppedbrbrThe only reason or precondition for the monetary system to sustain itself is through having the few super rich making money off the many super poor brbrOver time, the super rich will continue to control the world and to accumulate WEALTH at the expense of the poor and ever shrinking middle classbrbrHowever, trying to balance and rectify this system of capitalism can only be achieved through revution, civil unrest, mass destruction of wealth and millions of deaths - effectively, only a world war could stop this system, but even that concept would be self-defeating because even wars are funded by dept
Comment from : Carlos De Sousa

why don't we get rid off the monetary system completely? What ever system you offer - in the end we all are slaves to it
Comment from : darius urban

Perfect documentary I going to dub to Portuguese soon
Comment from : inCrise

This idea is so profound What’s crazy is this idea has already been suggested by FA Hayek but barely anyone knows about it
Comment from : jesse dampare

1:00:53 how different is this mortgage model from owner financing?
Comment from : yesimemoin09

Bitcoin is the answer
Comment from : John Chak

Why do govts give banks the power to issue money? That never made sense to me I understand delegated legislation, but this deal feels like it backfired on them
Comment from : ogeid nomar

this is godsmackin good
Comment from : Mats Carlsson

Well-researched work, clearly explained for all to understand So applicable to our present issues Amazing set of three videos, Money as Debt 1, 11, 111
Comment from : Aura Borealis