Debts, Money and Alternatives

Watch these videos on YouTube:

  • Fiat Money – rich poor divide, 3.47 min, 22 sept. 2011: Despite every effort by governments, the gap between rich and poor continues to grow. It is now the biggest it has even been in history. All sorts of reasons for this have been proffered, but few, however, seem to realise that is a simple, inevitable consequence of our system of money and credit. This video, a shorter version of which appears in the film The Four Horsemen (which I co-wrote), explains …  
  • THE REAL TRUTH ABOUT FIAT MONEY AND THE BANKING SYSTEM? 29,56 min, 13 janv. 2011: …  THE AMERICAN DREAM is a 30 minute animated film that shows you how you’ve been scammed by the most basic elements of our government system. All of us Americans strive for the American Dream, and this film shows you why your dream is getting farther and farther away …
  • The Money Masters [Full Documentary], 3.29′19 hours, 17 mars 2011;
  • The Secret of Oz – Winner, Best Docu of 2010 v.1.09.11, 1.56′25 hour, 2 févr. 2011: STILL2012.com. This version finally cuts several bogus quotes which have festered in the monetary reform literature for decades. The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.

Links:

There is an Alternative to Neoliberal Monetary Austerity, on Global Research.ca, by Prof. Michael Hudson, March 4, 2012;

Credit Card Debt Explained With a Glass of Water, 3.25 min, 2 mars 2010: Total Debt relief.net uses a pitcher and a glass of water demonstrate the effects of minimum credit card payments. This video uses a simple analogy to describe how the average American is throwing away their money to the credit card companies …

Saturday Quiz – March 10, 2012, on Bill Mitchell – billy blog, by blog owner, March 10, 2012 – Bill Mitchell – billy blog/About;

MMT (Modern Money Theory) Overview, on MMTwiki.org,
by Bill Mitchell, latst modified on 23 May 2011: The following discussion outlines the macroeconomic principles underpinning modern monetary theory (sometimes referred to as Chartalism) …

MMTwiki/Main Page: Welcome to MMT Wiki, a Modern Monetary Theory Wiki. MMTWiki.org is being built with the hope of contributing to a public understanding of these basic principles in modern macroeconomics. Please see MMTWiki:Getting started for an introduction to editing MMT Wiki …

and on en.wikipedia:

Chartalism: … is a descriptive economic theory that details the procedures and consequences of using government-issued tokens as the unit of money, i.e. fiat money. The name derives from the Latin charta, in the sense of a token or ticket.[1] The modern theoretical body of work on chartalism is known as Modern Monetary Theory (MMT) …

Fiat money: … is money that derives its value from government regulation or law. The term derives from the Latin fiat, meaning “let it be done” or “it shall be [money]“, as such money is established by government decree. Where fiat money is used as currency, the term fiat currency is used ….

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