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.)
Wibble 
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 ..
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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.
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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/
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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.
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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.)
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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:
[edit 01Mar2021 (with thanks to Herb, a ?Random Raider!)]
This comment originally contained an embedded YouTube video that’s since been set as ‘Private’ (boo, hiss!). In its place, I offer instead the following trailer video for the book ‘Enough is Enough’ by Rob Dietz and Dan O’Neill (it’s subtitled ‘Full Film’, but it’s only 18 minutes long).
[/edit]
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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._/\_
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Good advice. I’m trying!
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That is all we can do it is a Ghandi like approach and not many are repaired to make the effort and sacrifice. _/\_
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“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.
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You can say that again. I’ve just had a day just like that (nonsense ‘stuff’ doing nothing to foster my equanimity).
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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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[edit 01Mar2021 (with thanks to Herb, a ?Random Raider!)]
This comment reply of mine originally contained a link to a YouTube video entitled “Money / Unhappiness – by Douglas Adams – The Hitchhiker’s Guide to the Galaxy‘, which has been blocked by BBC Studios on copyright grounds (boo, hiss!)
My guess is that the video would have encompassed the following quote from that wonderful book:
… and, on the subject of Bhutan’s Gross National Happiness, here’s a video (that one hopes has some longevity):
[/edit]
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Visiting from the future I have come to tell you that this page contains no typos and the links in the main body of the text still work. I prefer links to open on a new page, myself, but it’s easy enough to right-click. I hope this helps.
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Welcome to ?Random Raiders!, Herb! Thank you for confirming the goodness of this page… though I see that there are links to lost videos in the comments that need attention, I’ll take a look at them in a minute, and then return the favour by visiting a ?random page on your site.
On the subject of whether a link opens in the same page or not: I’m of the opposite bent. I’ve always hated ‘window bloom’ determined by the link; I find that it can get confusing fast. As you say, choosing a right-click ‘Open in new tab’ is easy, and it lets me feel that I’m more in control of things.
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