What goes around, comes around

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.)

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About pendantry

Phlyarologist (part-time) and pendant. Campaigner for action against anthropogenic global warming (AGW) and injustice in all its forms. Humanist, atheist, notoftenpist. Wannabe poet, writer and astronaut.
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13 Responses to What goes around, comes around

  1. Yes I have known for some years that we are teetering on the verges of collapse..We can not possible keep on the same road we are travelling on Yet so many seem oblivious …
    Interesting video thank you ..

    • pendantry says:

      I was asked the other day why I felt the need to try to do something about all these problems we face… the only response I could think of was: “somebody has to.”

      I keep hoping enough folk will wake up in time to turn things around. Maybe they will. Maybe it’s already too late. Time will tell.

  2. Hariod Brawn says:

    The history of private banking, and the granting of licences to, in effect, create money, is a long and interesting one. And yet we are consequently stuck within an economic system in which there can only ever be an undesirable outcome. Out of the ashes, perhaps something worthwhile may arise, though one suspects it will not be borne without a great deal of pain.

    http://www.usdebtclock.org/

    • pendantry says:

      That’s an interesting link… I see that it leads to an ‘energy clock‘ that shows how out of kilter our energy production is, and how far we need to go to divest from fossoil. Lots of pain ahead, you’re not wrong there.

  3. One aspect of the British economic system that is grossly unfair to Mr. and Mrs. Average are the ‘non-dom’ rules that allow extraordinarily wealthy individuals to live in London practically tax-free; legally!

    Will try to watch the video over the next two or three evenings. (Assuming Jean is up for it.)

    • pendantry says:

      If you’re pushed for time, I think I’d recommend ‘Enough is Enough’ rather than ‘97% Owned’; it’s based on a book of the same name that I read a while back:

  4. Enough is Enough. Tells the story of the vicious circle of the wheels of commerce running down the free gifts of Mother Nature.
    If we do not buy the machine will grind to a stop and a new system will take its place.
    The problem is we are brain washed by advatising.
    Eat to live do not live to eat.
    There is a difference between wanting and needing.
    Be Minimalistic, enough is enough._/\_

  5. “Happiness is flat-lining” I say bulls###. Happiness is plummeting, suicide now kills more than the road toll, and on the roads are the drivers happy little campers? Not at all, road rage is a rapidly growing problem world wide. We are not happy, our stuff is killing us and making us miserable.

  6. The problem is that we use the ‘bottom line’ as some thought of measure of our economics, and this doesn’t reflect the true reality of what is actually happening. The fact is Keynesian Economics has never worked, not even in the early Industrial World in which it was created, as we are a finite world with finite resources! Money is becoming worthless and obsolete! It’s about time that we stopped treating money as ‘our God’ as it is only a measure of what can be exchanged, no more… I’d like to measure the World by the Bhutan model of Gross National Happiness instead of our current economics of Gross National Product, which is highly distorted and fallacious! Other models in history have worked better, such as barter.

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