Money as Debt

Matblack · 10-10-2008, 20:25

“Only the small secrets need to be protected. The big ones are kept secret by public incredulity.” Marshall McCluhan

I've just watched this, and I have to say its really opened my eyes! I finally realise how all the countries in the world can have a national debt, which was something I always wondered about. Seriously this is worth your time and effort to watch, not that you'll be able to do anything about it but the more people who understand it the better

http://video.google.com/videoplay?do...74362583451279

MB

Garp · 10-10-2008, 21:05

Cheers for this, that's something I've always wondered about too. Will watch it later

Mark · 10-10-2008, 22:17

Well that was certainly an education.

I suspected it'd be about fractional reserve banking, and I was right, but until now that was just words.

Which all makes for an interesting point - the Government is borrowing £50bn from the banks to invest in the banks. Say bye bye to that £50bn, folks.

LeperousDust · 11-10-2008, 14:28

That was really really interesting, whoever made that is a great person, its not overly patronising but still very informative to someone who has no idea how anything really works (me). Really enjoyed watching it

.

loki · 11-10-2008, 21:16

Great Vid there MB.

Its going to annoy the hell out of me because I recognise the narrators voice

Mark · 11-10-2008, 21:48

Quote:

Originally Posted by 45:41

Voiceover
Bob Bossin

10-10-2008, 20:25	#1
Matblack Baby Bore Join Date: Jun 2006 Location: Svalbard Posts: 9,770	Money as Debt “Only the small secrets need to be protected. The big ones are kept secret by public incredulity.” Marshall McCluhan I've just watched this, and I have to say its really opened my eyes! I finally realise how all the countries in the world can have a national debt, which was something I always wondered about. Seriously this is worth your time and effort to watch, not that you'll be able to do anything about it but the more people who understand it the better http://video.google.com/videoplay?do...74362583451279 MB __________________ "we had roots that grew towards each other underground, and when all the pretty blossom had fallen from our branches we found that we were one tree and not two"

10-10-2008, 21:05	#2
Garp Preparing more tumbleweed Join Date: Jun 2006 Location: Hawaii Posts: 6,038	Cheers for this, that's something I've always wondered about too. Will watch it later __________________ Mal: Define "interesting"? Wash: "Oh, God, oh, God, we're all gonna die"?

11-10-2008, 14:28	#4
LeperousDust Bananaman Join Date: Jul 2006 Location: Liverpool/Edinburgh Posts: 4,817	That was really really interesting, whoever made that is a great person, its not overly patronising but still very informative to someone who has no idea how anything really works (me). Really enjoyed watching it . __________________

11-10-2008, 21:16	#5
loki Vodka Martini Join Date: Sep 2007 Location: Manchester UK Posts: 871	Great Vid there MB. Its going to annoy the hell out of me because I recognise the narrators voice __________________ PC & Console LAN 9th-11th July

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10-10-2008, 22:17	#3
Mark Screaming Orgasm Join Date: Jul 2006 Location: Newbury Posts: 15,194	Well that was certainly an education. I suspected it'd be about fractional reserve banking, and I was right, but until now that was just words. Which all makes for an interesting point - the Government is borrowing £50bn from the banks to invest in the banks. Say bye bye to that £50bn, folks.