Money As Debt I And II

See where your money comes from!

Aotearoa: A Wider Perspective

I seem to have gained quite a few new readers since the last elections. For this I am very grateful!I thought I would celebrate this with a repost of two animation videos which taught me a great deal about our money system.

Max Keiser, the other day, stated: We don’t live in a Capitalist system which is based on savings and investing those savings in wealth producing enterprises (his version of Capitalism).  We live in a Debtism system, a system based on fiat money creation leveraged and re-hypothicated time time and again and used to buy up real world wealth transferring that wealth from the 99% to the 1%.

You might think that this is just some far fetched conspiracy theory but here is what the bank of England has to say about it’s money creation process:

Whenever a bank makes a loan, it simultaneously creates a matching deposit in…

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