Who controls the money supply?
This is a fascinating subject. Incredibly, while people believe that they understand how money works, the vast majority don’t appreciate the reality. The documentary ‘97% Owned‘ (below) highlights the fact that if we continue as we are, another global financial meltdown is inevitable. The film labours the point, and is short on solutions, given that these lie in the hands of those who govern (who are either just as clueless as the rest of us or are in collusion with the private banks — take your pick). To my mind, too, the background music soundtrack is annoying; a minor point, perhaps, but then if you’re trying to get a difficult message across to the incredulous then you need as few distractions as possible.
If you’re in the UK and want to know more, please visit positivemoney.org — and sign their petition calling for a future Prime Minister who will ensure that money creation will only be used in the public interest.
(Anyone living near Cambridge in the UK may be interested in a Cambridge Positive Money group meeting being held on Tuesday 27 January 2015.)