97% Owned

I consider myself to be a relative Intelligent person, but had a truly hard time understanding all of the ins and out of this documentary. While the topic is definitely important and interesting, the makers fail at creating a documentary that average people can understand.

Part of this has to do with the lack of a clear story line. You feel that all of the contributing interviewees have important information, but the total of chunks of information do not lead to a whole that is clear understandable and mor than the sum of its parts.

What also does not help are:

+ The very monotone comment that is unable to draw you into the subject matter.

+ The at times poorly communicating infographics.

+ The seemingly random scenes from black and white moves that bear no clear relation to the topic

The topic is relevant and interesting, but will never reach a really large audience simply because no one seems to have ever really thought about the best way to inform a large audience in a way that they can understand. This one is basically and foremost only for those with a university degree in economics, and therefore by definition for the elite that has no interest in changing things for the better of all of us. A missed opportunity and such a shame.

Looking forward to a more accessible documentary on the topic.

We need the ALL the profits from the banking system to reduce our housing costs, re-fund the NHS and provide free education and good pensions.

And while we are at it we could use some of the £trillions per year to stimulate and re-establish, using grants like in the 1980's, the SME sector.

To do this is not socialism. It is not any "ism".

This documentary shows how £trillions per are stolen from us.

An important question is where the £trillions go? Where does all that staggeringly vast sum go every year.

What is the stolen cash doing, while our society suffers hardship, disease, low pensions and tuition fees?

This is a very informative and powerful flick about the nature of our monetary system and how it came to be. It explains that most money is created basically out of thin air and that money is debt. Most people think that banks lend money out of deposits but in fact every time a bank lends money to you it creates that money out of nothing and creates your debt to them at the same time. Similarly, Government spending isn't funded by tax receipts, it occurs electronically and taxes just exist to reduce inflation. This film explains that austerity is a failed policy and criticises asset speculation such as on property and during the tulip fever and it does a good job doing so. One way in which it is a bit lacking though is suggestions of credible solutions - it suggests a tax on currency speculation and says that we should aim for a system where various national currencies are based of a 'basket' of different assets or based on energy consumption in kWh rather than being entirely fiat, iow based on nothing. It should really be more explicit in advocating redistributive taxes and nationalisations such as for the Bank of England and a 'quantitative easing for the people', by which I mean money should be created out of thin air and spent on, not lent to, poor individual and SMEs and more generally spent in potentially productive sectors of the economy like manufacturing, education and healthcare rather than parasitic sectors like banking (and the FIRE sector more generally).

"The issue of monetary reform has historically been a very sensitive issue, because of the incredible power, wealth and privileges it bestows. In an age where analytical thought and a scientific approach are held in such high esteem, there is no justifiable argument for keeping the mechanisms and implications of the monetary process such a taboo subject.

As democratic citizens we have the right to demand a monetary system which is both stable and beneficial to society..."

Learn how the global financial institutions are just like terrorists, holding the public hostage with threats of economic collapse - how they're bailed out at the expense of the infrastructures we need to live as we're told that they are simply too big to fail.

This film describes how the banks can fail, and we can all have the financial security we need to confidently take out loans, buy houses and live freer, happier lives, neither as slaves to the banks or restrained by the fear of losing everything.

Simple facts described in a plain and simple manner : the building stone of economy is how money is created. And, most importantly, debt is explained : that there is no economy w/out debt. Debt is core. It's all about the control of debt, and who "owns" debts.

As is, debt is as important a concept, as creation of money is. And this is not at all about some 3% of coin & paper money in the system, it's essentially about some 97++% of 'virtual' money being send back and fro. And about a specific type of money that only exsists and can be used with, for instance, the Bank of England -- and nowhere else.

A complicated system which evolved from simple facts when law decided to forbid private banks to issue their own paper & coin money in the 19th century.

But then somehow, and it's not a mystery, private banks still keep on issuing money (tho not their own paper & coin notes)

and that is, in essence, what this doumentary is about : the how, when and why.

A must watch, to be honest and a 10-star docu if only the female narrator's voice would not have been mixed in in such a shallow manner (often too hard too grasp; a pity) : it deserves a clear firm straight sound given that the documentary itself is profoundly clear.