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Do you understand how today's banking system works? This video is intriguing...

I ran across the video Money As Debt several years ago. Although I admit that I still don't understand it all, what I do grasp is exceptionally disturbing.

I've yet to come across someone who can negate the arguments presented in this 5-part series, cut up to fit YouTube requirements for posting. Would love to hear what you think about this, as it could inform any further discussions on creating new forms of "banking" as well as what might be presented as legal tender.

If this is true, it helps illuminate the disaster befalling global economies, including ours.

Tags: banking, banks, debt, federal, money, national, personal, reserve, us

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Replies to This Discussion

Permalink Reply by Jeff Mowatt on September 1, 2011 at 3:57am

This may well be of interest in the context of this discussion. From our course notes on Economics in Transition, the point at which Brooksley Born challenged unregulated (OTC) derivatives.

Wall Street, The Warnings Ignored

It wasn't until this morning that I realised I'd connected with the same Ellen Brown on Facebook

What I also hadn't realised until recently was that at the same time we introduced ourselves to the English county of Gloucestershire, Transition Towns was beginning in the neighbouring county of Devon.