The System of Money | Documentary | Money Creation Explained

[@visamawela6017]

Profit are privatized while losses are socialized

[@theonlyonebribri]

Debateables thus to whom is privet within this world these days. Whats social

[@jinfin221]

You can be a shareholder and have profits socialized lol

[@mariacabanne]

In mexico is called.Fobaproa

[@mariacabanne]

​@@jinfin221lol...

[@muyeny00292]

@@jinfin221doesn't work with private equity

[@bourge66]

Keep these kinds of eye-opening documentaries coming! Thank you.

[@macadise1]

Not r/ so eye-opening, but anyway - Good with flattery. The world dept is easy to correct... By debunking the olie monkers!

[@edcruz8820]

For what though to know how fucked we are and theres nothing we can do?😂

[@igbonation8986]

This is an eye opening information. The public must be financial and political literate to counteract the evils of the powerful elites.

[@benjaminiwuno1014]

The reason Bill gates buying farmland

[@gardencity3558]

Precisely! But increasingly the inverse is the case. They're sheeple incapable of such thoughts.

[@analyticalmindset]

The system needs to be overhauled and regulated

[@23mickey23]

As long as they keep us dumb they win 🏆

[@jurgenjohny278]

​@@analyticalmindset to much regulation is not good because of the freedom of market working. Yes they are some bad actors but most are good actors

[@RandomUser25122]

It’s ironic hearing Cameron talking about “has he got a plan to cut the deficit” when we now know that even after 4 years of Austerity and Austerity 2.0, the deficit was not actually reduced. Not one bit. The only thing their austerity did was make working people even poorer by keeping their wages at around 0-0.5% whilst inflation eroded what they can afford. People really do get what they vote for.

[@bjk777]

The bank$terz are in control

[@choochaithaohoom1375]

If you still think that voting is relevant to what is going on, you should dig a little deeper. "They" (whoever they are) control everything in this realm and voting is one of the easiest things to control. Mark Twain said: If voting made any difference, they wouldn't let us do it.

[@SwingingPythons]

Lol what a crock of shit “you get what you vote for” it doesn’t matter what you vote for all politicians are still politicians at the end of the day and one is just as bad as the other. Anyone with eyes can see it. It’s no wonder the newer generations don’t even vote, we’re to smart to see that it doesn’t matter when we have such a corrupt legal system.

[@marycooper8385]

Revolution is the only solution you are delusional if think for one second anything else will change things

[@marycooper8385]

The banks rule the world not us

[@BL-vd8mb]

This documentary is amazing, I highly recommend watching the whole movie, very valuable information!

[@angelachanelhuang1651]

chinese have a lot of money

[@siyatise5165]

Name of the movie?

[@BL-vd8mb]

@@siyatise5165 oh it's this video brother, it has very good information about money, I haven't seen it in a while but keep on working hard you get rich one day God willing!

[@soscreativity]

Watching 'The System of Money' was like peeling back the layers of financial mystique to reveal the beating heart of our economic system. From the enigmatic dance of money creation to the haunting echo of debt, every frame whispered truths that echoed far beyond the confines of the screen. It's not just a documentary; it's a journey into the labyrinth of modern finance, leaving me both enlightened and entranced.

[@Avidcomp]

It is very informative. I think Ex Nihilo: The Truth About Money is a much better documentary.

[@IRS-internal-revenue-service]

I aint reading allat

[@brianthayer8244]

Your review of this documentary was beautifully written. Just awesome and spot on.

[@MrGrace]

You wrote that much more elegantly than you had to. I enjoyed reading it.

[@danielhutchinson6604]

@@Avidcomp I was studying Economics in 1970 when Fiat Currency was introduced. The struggle to survive in the economy that followed, was enlightening. But the Wealthy appear to continue to eat.

[@ruudbuijsrogge]

“This planet has - or rather had - a problem, which was this: most of the people living on it were unhappy for pretty much of the time. Many solutions were suggested for this problem, but most of these were largely concerned with the movement of small green pieces of paper, which was odd because on the whole it wasn't the small green pieces of paper that were unhappy.” ― Douglas Adams, The Hitchhiker's Guide to the Galaxy

[@phaedrussmith1949]

“Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich.”

[@archingelus]

@@phaedrussmith1949 so much for carbon neutral economy i see

[@MyWillBeDone]

@@archingelus Imagine the amount of dead bodies that would be surrounding trees

[@JohnSmith-tn1te]

​@@archingelus no such thing can exist

[@o2izzuddin]

Thanks!

[@Alex-mp1cs]

This is a great video! One of the best I’ve come across on YT.

[@rosestone5091]

Best lesson: Increasing housing prices isn’t a sign of economic growth(+GDP), it’s a redistribution of wealth towards current homeowners away from poor [and young] who can’t afford. That really dispels some common perceptions.

[@Rob337_aka_CancelProof]

Redistribution yes from the many to the few a reverse Robin Hood Dynamic that just doesn't work for most

[@horus7732]

Same here, biggest insight from this documentary

[@Jacob_S13]

Not entirely true and an oversimplification

[@AlexandraWilliam-rj7yc]

I wasn't financially free until my 40s and I’m still in my 40s, bought my third house already, earn a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start today regardless your age, invest and change your future! Investing in the financial markets is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

[@williamparies368]

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

[@SkylahNewman-k8p]

I am guided by Mark Stuart Jordan. Look him up online, He is quite popular in the united states and He is a certified financial adviser in order to put you through the procedures of achieving your dream portfolio.

[@JohnEsther-js8by]

That’s great, your investment advisor must be really good,I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?

[@Donaldwilson-m7x]

look him up on the internet and leave him a message he's quite popular for his services as he was recently featured on CNN. He can work with anyone irrespective of where you are located.

[@Wilson827-m6i]

Just copied and pasted Mark Stuart Jordan and I found him, thanks for saving me hours of research. I'm from hit-crisis Sri Lanka.

[@Rob337_aka_CancelProof]

"It is well enough to the people of the nation do not understand our Banking and monetary system for if they did I fear there would be a revolution before morning" Henry Ford He clearly understood the reality that we can explain it to you but we can't make you understand

[@raoulhery]

they tricked with insane Covid money printing

[@thulanenkosi9278]

Im from South African now i understand a bit why we are poor mostly me & many in my country this documentary has indeed open my eyes can i get a book to learn more about this tipic & what to do to escape this toughest times we are all facing

[@FreakJames]

South Africa could have been the richest country. You've been robbed of your gold and diamonds.

[@keilongeorge6027]

@@FreakJames this is not why South Africa is poor. Natural resources does not guarantee wealth in a nation.

[@keilongeorge6027]

Read Wealth Poverty and Politics by Thomas Sowell thank me later.

[@bluesuedeshoes801]

@@FreakJames Keep lying to the africans and feeding pan africanist nonsense

[@bluesuedeshoes801]

Ask him to ask the governments what the revenues were used for, I'll bet more white elephants and stupid investments

[@blackburn7901]

i started working at a bank 1 month ago in the upper echlons, the things I've learned that had me saying to people exactly what they're saying in this video

[@peggychapman-miller4204]

Excellent program. I learned so much, but admittedly I need to watch it again to fully understand. However, I absolutely got the point! Thanks for such an in-depth consideration of our fiat money.

[@Bari_Khan_CEng_CMarEng]

25:00 - 'massive profits for the banks' can also be related to routine transfers of actual wealth to the banks, or increasing the difference in power/influence.

[@kektalks]

So glad I got recommended this channel. Gold content. Keep it up

[@Waiting664]

Comment section is from east or west

[@angeliqueramin6177]

I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted, i became more better the moment i realized this with Mr Sam.

[@lennalim5358]

You are so correct. Save. Invest and spend for necessities and a few small luxuries relatives to total assets ratio

[@Wilsonjohn-ck2mx]

SamDeymon platform is reliable and trustworthy}

[@radoslawkotr0x415]

The stock market is a complex system that is influenced by a variety of factors, including economic indicators, political events, and global trends. The relationship between policies and the stock market can be complex and multifaceted, and it can take time for the full effects of policies to be reflected in market trends. Therefore, it is possible that policies implemented in the past may have a "lagged effect" on the stock market, as their full impact may not be felt until later on.

[@grzegorzed8930]

I dropped a message & hopefully he replies soon

[@gustawlukasz6719]

But seriously, I think Crypto trading platforms really need some talented experts like MrSam deymon for copy trading purposes 🤔

[@ScarfaceAntonio]

Thank you for shedding some light onto this very dark financial system. Excellent wrap up at the end (from 1:40:00)

[@rosestone5091]

That was hilarious! I😂

[@suprithAnCom]

Very good documentary, amazing. Thanks a lot for everyone who made this possible.

[@susannnico]

That's right, getting in touch with an FA during the pandemic was how I was able to scale through the crazy stock downtrend and helped me stay in profit & save my finances.

[@DatingDynamoUnleashYourCharism]

One of the best I’ve come across on YT.

[@ghggp1]

Outstanding documentary! When they say ignorance is bliss… this program proves it! I knew it was bad but had no idea how bad it really was! Thank you for educating me on all the interconnected monetary stages finances goes through! It is astonishing! Such a complex topic that you distilled down to understandable segments! Even so, I will need to watch it several more times! This needs to be taught in schools! Thank you for all the work that went into this documentary!

[@Leon-dr1wg]

Schools are to blind us from this sort of stuff.

[@nonleague8613]

There's a very good reason as to why they do not teach anything about the Monetary system in schools.

[@rfmphotographer994]

Great work put together! Thank you so much!

[@bamkablam]

Debt means very different things to, and has very different implications for different socio-economic classes.

[@shalomex-muslims2991]

A Very good documentary. I don't worry about things that I do not have. I concentrate on the things above and not on earth and keep my eyes focused on Jesus Christ, my helper, and provider.

[@dotflakes]

One o the best eye opening documentaries I have ever watched.

[@nomadqueen1111]

That ending was EPIC! What a way to sum up an already amazingly clear documentary. 😂❤

[@Riggsnic_co]

Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@bob.weaver72]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment

[@martingiavarini]

Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.

[@CAhmadDavis92]

There's a book called the code of capital . Definitely opens your eyes about how the legal system helps the "haves " protect their capital.

[@Queen.Sindel]

I just keep on repeating this documentary... Till i can understand it by heart

[@HH_Linkmusic]

I learned so much from this video, more than from economics class. Thank you.

[@sharann3482]

It misses the Golden Wage Rule of Capitalism. You should look that up as well. Another important topic are financial balances (Saldenmechanik in German), it complements the documentary perfectly.

[@dericmac4030]

I think you missed a very important part, money is not created from nothing but borrowed from the future.

[@NondumisoNyembezi]

Ofcourse the future! Everyone knows just how much the future holds...that's what grandma used to say. 😅

[@gregnix]

Leaves me dizzy. Excellent video. Our current economic system is insane.

[@EMan-cu5zo]

More like a Ponzi scheme.

[@Schoch911]

Very bad feeling about this documentary. First mistake I spotted at 38:00 - the French government sent a war ship to exchange the currency to gold - and did it successfully! The next day, the USD was taken off the gold standard. It is a small one but makes we wonder what else is plain wrong/misleading. Also, it seems that they try to manipulate the viewer in some way. That documentary is not neutral - it tries to play with your mind. Keep this in mind when watching.

[@xaharsaruji3714]

this is an old documentary titled '97% owned'... why changed the title?

[@AcrylArtca]

Great information. Horribly distracting "background" soundtrack.

[@Moconomy]

🎬❤️

[@manavnaik1607]

I thought it drew my attention in

[@23mickey23]

Thank you! I thought I was going through a lot of problems in my life… but now I learnt that, the problems that I thought are not even problems anymore after watching this video… we are running until we get tired and hand over the baton to the other generation this circle keeps on going until somebody stops and look around and learn what this really is… like you guys did through out this video… excellent loving this 🙉

[@mancavecreations6535]

I don't understand why people don't educate themselves especially when it rules their lives

[@AnonymousanonymousA]

33:30 low requirement so that can manipulate stocks against all retail traders, brokerages with banks and market makers are manipulate the market against retail traders with Infinte Free Money, and dark pools to hide the manipulation or make it less obvious?

[@MsDaideyMaingi]

Excellent video. Learnt so much! Will have to go back especially on the foreign currency and trade bits to just grasp things better

[@Moconomy]

You should also watch this informative documentary: kzbin.info/www/bejne/fn7ZaHhnq9toqZY

[@Ricaninthephilippines]

You’re cute

[@siddharthgaikwad8621]

Hi it's very inspiring subject wonderful great work but one question What will happen if the world currency become equal as their is no production just online may be it should come

[@MRnvvg]

Basically money is an idea

[@raoulhery]

Money is an illusion. They printed dollars while we were sitting at home, no production. Then they wondering where the inflation is coming from......

[@mmmmmmmmm661]

Money isn’t even real and we still don’t got any

[@livenotbylies]

Don't confuse money with a particular currency. Money, in the abstract, is quite real - but we are not using the real thing

[@AbdulHamid-fb1nh]

I'm leaving a comment for the future learners. Definitely, this is a great doc on money.....

[@livingurdreams09]

Money is simply an idea - it's not real, but only looks real

[@MrFujinko]

i've yet to hear that money "only looks real" from someone that isnt a complete financial failure.

[@henrygustav7948]

Money is a debt, an IOU, a contract between 2 parties that can be used to transfer debt obligations. It can come in the form of paper, metals, or anything else that the issuer decides.

[@melissachipomhi6960]

So it’s an illusion😳

[@henrygustav7948]

@@melissachipomhi6960 Its a token/accounting system

[@jordijimenez2634]

@@melissachipomhi6960 it’s a token that facilitates trade and services

[@Solin-kr5qf]

Such a Great Documentary. Really Interesting. Many Thanks.

[@RikkGlassbrook]

FYI - It's not an accounting 'trick' to make money - it's a mathematical rule in accounting that wherever there's a Debit entry, there must be a Credit entry totaling the same value as you can't take money from 1 'pot' and not put it in another 'pot' - it must come from somewhere and it must go to somewhere else.

[@doctorcrafts]

Irrelevant

[@joecurran2811]

It's still created out of thin air pal

[@Rob337_aka_CancelProof]

You clearly still don't understand if you go to a bank to get a $250,000 loan for a house you're not going to give you another depositors money and they're certainly not going to give you any of theirs they're going to make some up special just for you when you sign on the dotted line that did not exist just a minute before and I will reference a case from 1969 I think it was a man named Daley not sure if that's how it's spelled or not but it's something like that and he wins a foreclosure case and gets to keep his home because the bank manager admitted on the stand in court that that money did not exist so he did not put up a liability which is required in a contractual obligation like that we're both sides have to put up something and trying to find that in some archived somewhere might be rather difficult so just check out the Zeitgeist Addendum by Peter Joseph because he laid it out pretty well and I think give a little more information than what I can recall but in short you can't create money from nothing or at least I can't because I go to jail if I do and you can't either it's just the special entitled narcissistic parasites over-represented in positions of power and authority who can get away with such things

[@renatosassone-corsi1042]

Excellent program, thanks. I would love to go on such financial/ banking course

[@sophiatealdo9680]

The Money System is getting an Upgrade now - and so it is - Blessings.

[@anoktirlapur8135]

Amazing Documentary, an eye opener and then a eye roller.

[@bigd-ui6zs]

Keep spreading financial truth and facts. Education and knowledge is key to setting common people on earth free from control and Tierney.

[@MortezaParkook]

Thanks guys for the amazing work. 🙏 I will need to watch this video a few times more! I think this financial system will keep on going as is, collapsing as much as poorer economies as possible with some new added new types of financial systems such as CBDC etc. Life has never been fair ever and hope it will. 🤞🏼

[@MsAngelOne]

It is bad to the core.

[@ufc_crypto]

That's why cryptocurrency was created at the first place. Cryptocurrency was supposed to be money that everyone can spend but because of the manipulation it becomes worse The benefit of UFC is more than how I comprehend it, just know that as I'm telling you some of the benefit of UFC. First, UFC is the world's first hybrid cryptocurrency that only rise in value. Now you can finally put your money in a particular place that is secure and safe than any other bank or cryptocurrency. UFC has come to give peace of mind to everyone because in the crypto world there is manipulation which causes a lot of coin to fluctuate. Cryptocurrency supposed to be use as money at the very start but because of the manipulation it becomes an investment. Now UFC gives everyone the opportunity to put their money in a secure place, also with free transaction. Now value is given to money by you using UFC. If you look at it, fiat currency is backed up by debt but UFC is backed up by people and people are the real value of UFC. UFC also defeat inflation though Bitcoin was able to solve that problem to some extent but UFC defeated it completely. Inflation can't rule when everyone is using UFC. The most benefiting part for you is that your money is decentralized and also it rises in value per person that joins the system. The most important part of all is that people will also gain their power through their agreement of using UFC as money. UFC is money that grows in value not an investment. I want you to know this that paper money is a dying business, Get into UF ecosystem which gives peace of mind to everyone. UFC➡️Abundance coin 🔥💯

[@jurgenjohny278]

Yeah but they are totally right the economic system is fucked. Sorry about this information but yeah.

[@Bri-ey2jw]

Your all wrong as the collapse is gonna come from those using the systems grace. Nothing is as it isn't to test a test you need testers

[@EdiTattooo]

Money are not covered by any rare metals like gold anymore, so pretty much the hole system lost the control and we have to accept this felony. I can only appreciate that 1944 event is well mentioned in this video.

[@sharann3482]

It never really was, money first is created than invested in productivity and then the productivity ”backs“ it up.

[@POSTMASTER_Rion-Donald_Harmon.]

​@@sharann3482 based on opinion, not fact. Its a fraudulent venue. Adverbs and adjectives are known as modifiers. They give coloring[opinions] on nouns, making those nouns fictional, not fact. Those who control the people's grammar have control over their minds, ultimately their life. We are left to argue and go to war over who's opinion is correct when it can never be a fact. These contracts are based in corruption from the start. The u.s. government and constitution was disqualified in 1999, when it came put ofnits 3rd and final international bankruptcy, by : Russel-Jay: Gould when he proved the grammar as being fraudulent and misleading and based on subject of interpretation on word definitions. They failed to reauthorize their own currency and constitution. They decided that they would operation under their opinions as law and no longer had to consider the will of the people. This is clearly explained in the documentaries: piercing-dynasty and last-flag-standing.

[@Ballerism]

Gold is still valuable…..

[@sharann3482]

@@Ballerism but not very stable in its value

[@angelachanelhuang1651]

ok

[@DrMargaretSatyaRose]

Im 19 mins in and they are saying that banks have no restriction on how much they can lend. However I had thought that the bank needed at least a 10% reserve of hard cash in order to lend... the quantitative easing monetary policy.. will this be covered later on?

[@goldcrypto18]

yes, it is called RRR, reserved requirement ratio

[@cptfinch]

Since about 2015 there has been a 0% reserve requirement. In UK , US. There is no longer any requirement for banks to hold a percentage..

[@bjk777]

Privatize gains Socialize losses

[@AnhNguyen-hn9vj]

I think the reason is that people work so hard in socialism but get nothing in return. This will turn everybody off. In privatizing, people who work hard will finally get what they want or dream of. This will keep people more enthusiam. That's why it worked better. Just imagine in some communist countries you promise to work 1 year for a tv, an electric pen, a motorcycle, and a refrigerator, and after 20 years you still got nothing. lol It is nice that they still haven't pissed on your face after all the lies. lol

[@tippyoutdoors6677]

Thanks Neil, you answered the one question that has been constantly on my mind. I have two small personal loans at a fixed rate and actually the interest was paid up front. I have been trying to figure out if I should keep increasing my assets or pay off the loans. I can easily pay off the loans in two years at low monthly rate so I am going to continue to buy more assets knowing that they will be less expensive now than in the future.

[@patheticprepper4496]

I will own your assets for pennies as u won't be able to pay.. no job.. no chance.. people like you will lose everything!

[@itsgillianq.hyakap6970]

Gg

[@DD04]

I'm currently in a similar situation, been thinking about what to do first as well. Investing in assets that will provide money and continue to grow, providing more and more money, seems the right choice

[@alexreid2393]

Hmmm

[@d4dfr33m4n]

I am now informed and disillusioned instead of confused and disillusioned.

[@embracedark6902]

The world self help isn't toxic. It's just how you create a balance !!!!! Just reading won't help. You have to take action!!!! No doubt!!!!. Hustlers are successful...

[@day_wiser]

“What I would like to see is a new kind of currency that is backed by something that is scarce… something like energy for example…” 1:37:45 Only a matter of time before Bitcoin rules the world 😮

[@Successfultrader2024]

Bitcoin is not back by anything of value

[@MoopyToopy]

​@@Successfultrader2024 Neither is any other currency. It's all backed by the belief that it can be spent elsewhere for goods and services. However what bitcoin brings to the table is that, unlike your country's government-issued money, is that (among other things): 1. It cannot be censored. You can send it to whoever, whenever you like and it cannot be stopped or reversed. 2. It's ruled by open source code. Anyone can at any time audit the code and validate the inner workings. 3. It is not subject to the whims of any political elite minority that can conjure up whatever economic policies they like. 4. There will only ever be 21 million BTC. Banks cannot just "print more bitcoin" whenever they feel like it. 5. It is available to anyone in the world that has a smartphone and internet and there is no permission needed from any government or bank to participate. Say you understand the need of money (as opposed to a system of bartering), and you have a free choice which money you can use (e.g. USD, EUR, Gold, Silver or Bitcoin). On the basis of what characteristics do you choose? To me, among other things, the points I listed are important which is why I like Bitcoin.

[@jeannedouglas9912]

I thought bit coin was a high tech ponsey scheme?

[@MoopyToopy]

@@jeannedouglas9912 it is not. Many people are using it as a speculative asset but it's intended goal and main function is a digital, decentralized, trustless currency

[@Vroomfondle1066]

@@MoopyToopy Can you say 'deflation'?

[@amschelco.1434]

What an interesting video.. i like it!! Subscribed!! 👍

[@sheikhfadhilaljahdhamy6751]

Recommendation for change in US economic system: 1. There is no electricity bill in Libya; electricity is free for all its citizens. 2. There is no interest on loans, banks in Libya are state-owned and loans given to all its citizens at 0% interest by law. 3. Housing is considered a human right in Libya - Gaddafi vowed that his parents would not get a house until everyone in Libya had a home. Gaddafi’s father died while him, his wife and his mother were still living in a tent. 4. All newlyweds in Libya receive $60,000 Dinar (US$50,000) by the government to buy their first apartment so to help start up the family. 5. Education and medical treatments are free in Libya. Before Gaddafi only 25% of Libyans were literate. Today the figure is 83%. 6. Should Libyans want to take up farming careers, they would receive farming land, a farming house, equipments, seeds and livestock to kick-start their farms - all for free. 7. If Libyans cannot find the education or medical facilities they need in Libya, the government funds them to go abroad for it - not only free, but they also get US$2,300/month for accommodation and car allowance. 8. If a Libyan buys a new car from Libya, the government subsidized 50% of the price. 9. The price of petrol in Libya is only $0.14 per liter. 10. Libya has no external debt and its reserves amount to $150 billion - now frozen globally. 11. If a Libyan is unable to get employment after graduation, the state would pay the average salary of the profession as if he or she is employed, until employment is found. 12. A portion of Libyan oil sale is credited directly to the bank accounts of all Libyan citizens. 13. A mother who gives birth to a child receives US$5,000 ; 14. 40 loaves of bread in Libya costs only $0.15 ; 15. 25% of Libyans have a University degree; 16. Gaddafi carried out the world’s largest irrigation project, known as the Great Man-Made River project, to make water readily available throughout the desert country. The water is free of charge. Prior to the international sanction placed on Gaddafi & Libya in the 1980s, the country was one of the richest in the world by GDP per capita - with a living standard higher than Japan. It was the richest in Africa before the revolution. The living standard - GDP per capita is $11,314 for Libya. One cannot claim the Libyans are poor if they live better than many of the Western citizens. Gaddafi always looked after the average Libyan. A country’s wealth used to depend on how much gold it had in the treasury, not how many dollars it traded. Libya also has 144 tons of gold. The UK, for example, has twice as much, but ten times the population. “If Gaddafi had intent to try to re-price his oil or whatever else the country was selling on the global market and accepts something else as a currency or maybe launches a gold dinar currency. Any move such as that would certainly not be welcomed by the power elite today, who are responsible for controlling the world’s central banks,” says Anthony Wile, founder and chief editor of the Daily Bell. 17. Under Gaddafi’s oil-revenue-sharing program, each Libyan gets $500 (DOLLARS) dumped into his or her bank account, each month. 18. Women in Libya have equal rights, not only as a philosophy, but also in practice. 19. Libyans have a direct participatory democracy based on People’s Conferences that puts other “democracies” to shame.

[@kingsleyopokuadjei7275]

❤❤❤

[@MeezyTheKid99]

This is my first time watching this documentary The System of Money Documentary Money Creation Explained. For real everyone. Yes. Facts. Believe it.

[@humanfirst11]

Can you please recommend some books about understanding all of these? I can connect at a deeper level with books! Thanks for this eye opening episode of how banks and money operate.

[@phaedrussmith1949]

"The Creature From Jeckyl Island" by G. Edward Griffith.

[@humanfirst11]

@@phaedrussmith1949 thank you!

[@FinanciallyGreat]

The Creature from Jekyll Island is a good book about the bankers who wrote the 1913 Federal Reserve Act. The book Make America Financially Great explains the sections of that Act that holds the tricks they built-in so they become infinitely-rich by loaning citizens Worthless-Money-Made-Out-of-Nothing as bank account balance increases.

[@DoneDealAC]

Only nut jobs think central banks are bad.

[@humanfirst11]

@@DoneDealAC so what's your explanation about your point? Banks are supposed to create debt to keep the economy going, and this model knowingly puts the entire population under debt, except people who own the banks and other financial institutions.

[@Gym_Invest78]

Extremely informative video! Just want to push the algorithm, want more videos like this 🙏

[@chrisj5097]

Fantastic documentary. Many books out there covering this topic but I notice there’s not a lot of information on what an individual can do to combat the system. Guess we’re all just slaves until someone figures it out and enlightens us all.

[@conniet9931]

Grow your own food etc but they have us pretty dependent

[@willemhovius]

mr Top G

[@chrisj5097]

Anne’s cardigan is sick! I love it. 😊 fantastic documentary.

[@orebabaalibaba]

Well, the secret of monetary system remains hidden from only those who do not study and choose to stay financially illiterate

[@declanhart1617]

Some people fail to understand this, but it's not their fault. Usury is the most sophisticated form of theft their is, so many people simply cannot understand how they are being stolen from.

[@opensky6580]

The documentation hits a lot of valid points. What you are missing is that only part of the 97% of the bank mone created is based on credit money. The second important part is public spending, which is also funneled through the banking system tobthe recipients, but its not under control of private banks or how much credit they create. The fundamental difference is, that bank credit is a net zero within the provate sector. Government spending adds monetary assets to the private sector.

[@CaribbeanCryptoTips]

Wonderfully explained...thank you.

[@MHT_Official]

Great work!! and Great Documentary. The conclusion: Money is just data and digital numbers.

[@zachhunt123]

About time people are starting to see. Currency isn't dug out of the ground or panned out of creeks like gold. We create it. Everything banks are allowed to do with government currency is because the government allows them to. This thought probably scares some people, but imagine the possibilities. Sure, we can allow continuous wars, or we could provide fully functional healthcare systems that cover everyone. It's the job of people to mold a government that serves us, not only the rich.

[@archingelus]

The problem is gold is dug out, but the value of gold is created just like currency lol i think u still have some misconception about tbis entire thing

[@FinanciallyGreat]

I appreciate your comment: Everything banks are allowed to do with government currency is because the government allows them to. May I suggest that the more likely that most of the our government representatives were tricked into agreeing because of confusing explanations. For example, have you heard about the book Creature from Jekyll Island that was about the bankers who wrote the 1913 Federal Reserve Act. The problem is that book didn't explain the tricks that were built into that congressional act that fooled congressmen and other finance professionals.

[@Wing25]

What do guys think about Network marketing...?

[@r.lee6924]

As much as this is a really good video and huge insight as to how fiat currency is created (out of nothing) the video itself is out dated by about 10-12 years. Most of the clips and stats are taken from the documentary 97% owned. It would be really good to see an updated version of this👍🏼

[@racoonteur]

Precisely. After 2007 the Basel 3 reforms came in to regulate the capital reserves banks need to keep. This is describing the situation that led to the 2007 financial crash as if it is the situation today. Lame.

[@chimychimes]

Yh,I was expecting more from a documentary. I guess I have to find another video 🙂🙂

[@jagolago-bob]

@@chimychimes Have you found a better, more current video, yet? Share it if you have, please.

[@namlehai2737]

I'd love to learn this too

[@jimd9775]

Thank you for this, you got my 👍 & subbed.

[@Rob-fx2dw]

It makes no difference if the money is digital or paper. It is all credit money created out of an equivalent amount of debt. All sovereign designated money today such as the British pound or US dollar or Canadian dollar or Euro is credit fiat money that if a purely financial asset. The situation with fiat money is that it is a financial asset and the reality of financial assets is that no financial asset anywhere has any value except if it has another person or organization holding a correspondingly priced financial or real asset obligation.

[@joebhed1]

VERY few people actually GET what capitalism REALLY is. Every society that uses DEBT for money EXISTS in a permanent state of income-scarcity - it is not possible to create sufficient income to pay the DEBTS needed to advance the economy. Gotta run faster. Welcome HOME.

[@kowboy702]

Atleast another smart person!

[@Rob-fx2dw]

@@kowboy702 Thank you.

[@gooseface2690]

Perhaps, if you swop out the sinister background music for something a bit more non-descript, it would all seem quite logical and above board.

[@wadaninwm5334]

Amazing decumentary, am glad I watched it

[@Moconomy]

You should also check out this informative doc: kzbin.info/www/bejne/nKG8o4OJfNpqrsk

[@Rob337_aka_CancelProof]

Somebody please explain to me why we have Digital money and still use a fractional Reserve model because that was created because money was difficult to get from place to place but has been obsolete for some time and looks to me to be nothing more than an extreme case of double dipping

[@ironpolux]

Thank for the last part, after this documentary I actual needed to laugh a bit

[@bonolosolomon]

This documentary is an eye opener to be honest

[@Omer1996E.C]

It's simple, end central banks, or at least their roles in the economy, then abolish fiat money and introduce floating currency exchange rates (for those who lack it)

[@joebhed1]

ummm, right on about abolishing the central banks - which is the WAY that private banks create new money, but abolishing fiat money (??) - that's ALL the money in existence, and I don't hear what you're gonna replace it with....... SOMEthng backed with a rare commodity ?? That means we're all dead...... NO MONEY because there are only two working examples of having a fiat currency outside the central banking model - that worked - the Colony's each had their own scrip for currency - that's why we had a revolution against the King's central bank UK, .... and Greenbacks which were not backed by anything, and lasted for 150 years - still legal tender.

[@tokomac7728]

those people without money will behave like chickens without heads

[@jsuarez3891]

the animation at the end just fantastic!

[@PhamVans]

I have to say, the interest rate distribution model is the ultimate pawnzey scheme. It literally devalues any currency the second it is issued out. Meaning the system itself will always function on a deficit. The term "balancing the budget" is a complete lie.

[@kowboy702]

A lie that usually gets a lot of votes on from conservative types

[@doctorcrafts]

Pawnzey? Wow

[@itisallinyourhead1709]

Wow. This is so amazingly great!!! Thank you!!!

[@chris.asi_romeo]

Excellent documentary 👏👏👏👏

[@jeffblackard9753]

If the amount of money in the economy shrinks you wouldn’t necessarily have a recession. That was the central tenet of monetarism popularized by Milton Friedman. The control of the amount of money floating in the system.

[@rosandrio]

Best documentary ever🙏

[@YouBirr]

thanks your documentary , this video make me understand about money and system of banks

[@mrf3327]

Money is trust- as it does not actually exist. And it’s creation is from a request by what they call is a debtor, when in reality the creditor is actually the debtor paying for the slavery from an invisible entity.

[@AnasOuadi-p2t]

Nice document, but in 9:31 he showed his creatit cart. He should not do that!

[@mohammedsinan1]

Money is considered for storage of value( with trust).But it became storage of power (without trust). Hope creation of parellel systems to dollar could solve major issues. Also technologies like block chain could ensure trust within these systems.

[@ziadmohamed3094]

Is this only for england or does it apply to America and Canada and such coutries

[@leondonald]

The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??

[@berkrix4312]

Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...

[@DavidRiggs-dc7jk]

I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.

[@EllenAbrex]

@@DavidRiggs-dc7jk I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??

[@DavidRiggs-dc7jk]

@@EllenAbrex Having an advisor is essential for portfolio diversification. My advisor is Julie Anne Hoover who is easily searchable and has extensive knowledge of the financial markets...

[@EllenAbrex]

@@DavidRiggs-dc7jk Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call...

[@matx1689]

wait, i saw this documentary year ago, at least, its reupload? it was deleted or somethin??

[@alifewhy]

I've found my fav channel 😍

[@TheCashFlowChannel]

they are doing an amazing job

[@abdullahyo]

Good job! This video is very informative.

[@morrismwenda9138]

*Another priceless documentary*

[@scooterspencer9077]

Lol the last minute and half...about adopting george...where do I sign up??

[@TheCashFlowChannel]

Great video

[@Moconomy]

Great Economy Documentary For You: kzbin.info/www/bejne/a6a4cmWtiaeVotE

[@adityanahar4493]

Money is important, but the way money is treated, created and managed is a problem. Money was printed to create a infinite source, but in real terms because resources are finite so is the actual value of money. Money when treated equal to the value of gold or silver, which being a natural resource is finite will resolve the greed/manipulation problem created by banks by printing money. Biggest problems always have a simple answer.....

[@davicpetrovski155]

Buy gold, ditch the FIAT. You’re doing them a favor storing your savings in the bank

[@chrisw.5138]

Without Fiat, there is no profit in gold, mate. 😂

[@davicpetrovski155]

@ without the gold there is only inflation, wake up

[@Yourneighbours1]

I am surprised that video is available to public. Background music is quite chilling and very suitable.