People Laughed in 2007

This video highlights the fact the most economic experts know squat. Peter Schiff was brilliantly prescient.

– RKE

(This opinion belongs solely to the author and does not necessarily reflect the views of The Good Sex Network.)

Sex and Money

Some of you may be wondering why I blogged about money for two straight weeks in January. There are two reasons. First, in view of the current global financial crisis, it behooves everyone to fully understand the root cause of this crippling disaster (namely too much debt, and the problems of fractional reserve banking). Second, what are the two most important drivers of our society? Why, sex and money, of course! Continue reading “Sex and Money”

A Parable

A bunch of people were stranded on an island (like in “Lost”). Seven of them were Asians, and one was an American. Once they landed, they had to divvy up jobs for everybody. One Asian was given the job of fishing. Another was given the job of hunting, Yet another was told to gather firewood, and so on. The American was assigned the job of eating. Continue reading “A Parable”

The Solution to Our Financial Crisis?

I found a video called “The Money Masters,” which presents a thorough historical account of money through the ages, including the modern fractional reserve system. Like all the other videos in our “Money as Debt” series of posts, it explains the dangers of our monetary system, but it goes one step further and proposes an intriguing solution. Unfortunately, the video is very long (3.5 hours!!!) and rather dry. So I’ve provided an excerpted conclusion from the video which follows: Continue reading “The Solution to Our Financial Crisis?”

A Primer on Money

The following video is an interesting primer on money. Note, however, that it’s biased in favour of the gold standard. If you ignore their bias, the film contains an excellent historical account of the U.S. Federal Reserve banking system, including the practice of fractional reserves.

(This opinion belongs solely to the author and does not necessarily reflect the views of The Good Sex Network.)

Money as Debt IV

“By now, you may have heard about our acclaimed documentary I.O.U.S.A., a film that boldly examines the rapidly growing national debt and its consequences for the United States and its citizens. The film has been a huge hit, getting rave reviews from Roger Ebert and others.

Now, we proudly release a 30-minute condensed version of I.O.U.S.A. designed specifically for watching and sharing on the web – for free.

So if you haven’t had a chance to see the movie yet, watch the condensed I.O.U.S.A. today. If you’ve already seen it in a theater, check out the abbreviated version for a refresher. Then, tell your friends, your family, your Facebook friends and your Twitter followers about the staggering amount of money – $53 trillion – in financial obligations owed by the federal government to foreign investors and to every single American in the form of pensions, health benefits, Social Security and Medicare.”

This film illustrates how debt is driving the United States into the ground and threatening to collapse the world’s economy, as forecast in “Money as Debt” and “Zeitgeist: Addendum.”

http://www.youtube.com/watch?v=O_TjBNjc9Bo

(This opinion belongs solely to the author and does not necessarily reflect the views of The Good Sex Network.)

Money as Debt II

Here’s another video that explains the problem with our money. Watch the first 25 minutes of “Zeitgeist: Addendum”:

Here, the explanation of money as debt is a bit more sophisticated and more dramatic (powerful). Note the reference to the seminal document, “Modern Money Mechanics.”

(This opinion belongs solely to the author and does not necessarily reflect the views of The Good Sex Network.)

Money as Debt

This astounding video explains the true nature of money, and why we are in great peril. It’s very timely, given the global financial crisis that we’re in today…

Now, it may be just my imagination, but doesn’t this video explain exactly what’s going on right now with the global financial crisis? The United States have to pump trillions of dollars into the economy in order to prop up the collapsing banking system, which is based on money that doesn’t really exist, ie, money that exists only as debt.

And didn’t the crisis partly arise from banks attempting to inflate the money supply through sub-prime mortgages, supported by credit default swaps (or money that the banks didn’t have)?

Perhaps President Obama should watch this video. Now is the time to replace the fractional reserve banking system, and restrict the ability to create money only to governments, not (private) central banks.

(This opinion belongs solely to the author and does not necessarily reflect the views of The Good Sex Network.)