Quote:
Originally Posted by elirien
.....Well actually no. The first part explains how the federal banking system works not how money works. It details how what represented the people's effort and labor as a transactional medium based on gold (which makes it a resource based economy) was transformed into a system which is based on nothing and sucks the labor of the people and transfers it to a select few which is not the problem of money but how it is being used. Am I wrong in interpreting it this way?
Later on the venus project tries to throw the baby out with the bathwater by generalizing problems which are very localized on the administration of money.
Well this is how I see it. I hope you can find the holes in my story because I think I convinced myself pretty much with this.
cheers
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The notion of a monetary system's ability to enslave a nation was well known even to Lincoln, who declined offered loans (and the exorbitant interest rates they would entail) from european banks to finance the war, instead opting to create a 'real' currency instead - the Greenback! This 'problem' was further acknowledged by the european banks themselves in corrospondence where they stated that the greenback could not be tolerated and allowed to stand, as they would have no control over it...
The point of this opener is to highlight that this corrupt monetary system is very much a global issue, and not just confined to the US - afterall, this was the system of 'choice' (at least for the Bankers!) in use in Europe, long before it 'spread' to the USA. Presently, practically every major monetary system is a Fiat currency based on fractional banking - and the 'Addendum' movie does a great job in showning what a farce this system is!
And when you realise that banks worldwide are right now in the process of being "baled-out" by taxpayers - in essence, getting Central banks to generate more worthless 'money' from nothing, while passing all liabilities to the taxpayers - and ultimately, what will have changed? Just more debt created! In Chess parlance, we are being set-up for a Check-Mate! Maddening...
