Money as Debt

youtube.com

1 pointlackbeard3 comments

Uhh, dude? Wrong forum. You aren't helping your cause by spamming here.

[FWIW I'm an Austrian too, but the hyperbolic video title "Corrupt Banking System - Cartels Robbing the Public" makes the PBS-like history of banking look frightening.]

EDIT (after watching all 50 minutes). Holy Fscking Stuff: about half way through it changes from an explanation and critique of fractional reserve banking into a Marxist rant about historical inevitability and sustainable development.

I've got no cause, other than to share an interesting presentation of how banking works. Unfortunately the bias does detract (e.g.: the title.) And it's much worse in the later parts...

"worse in the later parts?" The message arc is "the capitalists are right, so let's try communism instead." Do yourself a favor - grab a copy of "The Road to Serfdom" and spend less time on the internets.

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