This easy to understand film explains how 95% of money is created from thin air by private U.S. and European banks. And why the current financial crisis may lead to financial Armageddon.
The financial crisis may be much worse than anyone has told you. It could change how we issue money and this is something the most powerful men in the world will do everything they can to stop. Hence, he government bailout.
Reality is that we may face a bigger crisis than the 1929 depression. This is a more important video than anything I've ever shown on this site.
And do you want to understand the very strange situation this weekend with the Democrats supporting the White House bailout plan, and Republicans resisting?
More to come tomorrow!
4 comments:
You can find the original video here:
http://video.google.com/videoplay?docid=-9050474362583451279
It's called "Money as Debt" and is by Paul Grignon.
All they did is spin the capital (fake and real) around and around till the profit they were after was generated for them. The rest of us are holding the bag. This is bad enough, Then they get to keep all this blood money for they pay almost no taxes due to loopholes and rich favored tax system.
As I write this Ms. Palosi is saying on TV how the era of golden parashoots is over for these bastards (my word) I'll believe this when I see it in the long run.
Here is an idea to select the "star" CEO's for companies. Find several well qualified and then they must compete downward as to what they are willing to work for. Say top pay is 1 million and the lowest bid will win the job. Out of 5, someone smart will offer to work for 300K for instance. This idea is based on the truth that no CEO in the world is so good that no other person can do the same or better job. This celebrity CEO idea is pure BS created by those who handle them and have great interest in them getting as much as possibly so their commission for placeing them is as high. This must stop or we as an economy will nor survive.
Boehner, Shelby, Cantor, Blunt . . THANK YOU
The no debt philosophy will only work when we're able fulfill the needs of one generation without borrowing from the following generation...
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