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If you want to some useful documentary about the creation of money I was really impressed by that one: http://www.youtube.com/watch?v=TwmM5Nb6hiE http://www.you
by duked 13y ago
If you want to some useful documentary about the creation of money I was really impressed by that one: http://www.youtube.com/watch?v=TwmM5Nb6hiE http://www.youtube.com/watch?v=TwmM5Nb6hiE
Very clear explanation on how the money is created (through lending/debt), very informative even if the documentary advocate a monetary reform the beginning is not biased.
- jrockway 13y agoI watched about 20 minutes, but I do feel like this video has an agenda. It goes on about how the Federal Reserve System is a private corporation that makes a profit. That's true, but the board members (and other key positions) are selected by the President of the United States and confirmed by the Senate, and all the profits are transferred to the US Treasury. The video wants you to think Lehman Brothers (evil) when it's really like the Post Office (benign).
- duked 13y agoI agree with you, that's why I said that the beginning is the only very informative part (creation of money, the origins with gold) which was new to me as I'm not born in the US.