If you think this is another "great story", then look here also: http://www.my2012.4t.com/index_1.html
The documentary itself is quite an eyeopener and I've found myself watching it many times thinking if the system was created out of extreme form of ignorance or the worst evil in a human form. History only knows, but sadly our generation has to deal with the consequences.
Looking back at 2009, where countries like Iceland, Latvia, Greece, Spain, Italy, Bulgaria etc etc already went literally bust, one can only guess that the next wave is around 2-3 years time away, as nothing was really solved this time. The monetary system works exactly as it used to and obviously the banks got a lot of more power than ever before. Just to stress this again, entire COUNTRIES of people went bankrupt.
The system to slave people for the bank works like a Swiss clock. Economy goes down due to it's cyclical nature, a lot of people loose their jobs, cant pay back loan, property goes to bank, economy goes up for a while, a new bunch of people take a lot of loans and buy houses, bank resells property to the new kids against a new loan, economy goes down again, more people cant pay back the loan, more property goes to the bank etc etc. It's not a zero sum game and in the end of the day, the few on top win the prize (or already won actually).
In this context also, think now about the concept of Micro-Credit Lending, I get the creeps honestly... poorer become poorer and I've seen some pretty poor people... On top of that the average micro loan is given out probably with 20% to 30% interest rates. Sounds more like "I don't have anything, but I am willing to give my life to the bank in exchange of debt" deal. Back when I was a kid, that would have been awesome cartoon material for "The Devils New Adventures" :D
Not to be the chipsy on the street corner, but I can see a new potential era of socialism evolving after the next economic downturn, like previously in the history. Unfortunately the Nazis and Soviet Union systems didn't really nail it, so the "ordinary" person might just be better off with securing a gun, bunker and a years stock of canned food :D
So What...
I believe this topic is important for 3 reasons to understand:
1. If you're a banker, maybe you want to reconsider your career choice... No disrespect at all (we're all part of it), but probably your talents would be better in use somewhere else and not working directly to feed the machine. Unfortunately its too sexy to work for a bank nowadays, so Ill leave you with an alternative of a picture to memorize (Who said Farming is not Sexy?):

But jokes aside, there are other banking systems than you commonly might have not known, for example: http://commongoodbank.com.
Unless... :) you are one of those guys who own the ECB and US Federal Bank and just enjoy the game (possibly some major Karma debt involved!)
2. Though its a good idea to make peace with the thought that we are all part of a clever system. If you're not a banker and do something you truly Enjoy, by all means spread the Love. There is nothing more beautiful than a person who really enjoys what he/she does and it has a tremendous affect on the surrounding people. The energy we create with enjoyment and a fulfilled life is far beyond any swindling and financial genius.
OR
3. Work the system and earn as much money as humanly possible to posses a truckload of someone else's "debt" and lateron make some good use of it. To me, entrepreneurship seems like the only moral way to play the system... Time will tell :)
3 comments:
A very good series of videos (5 in total) i have seen on the same topic is called "Money as debt" and is available on Youtube. Here's the first episode: http://www.youtube.com/watch?v=vVkFb26u9g8
Makes one rethink whole concepts of everyday life.
Great material and a genius system :)
My favorite site
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