Money, Explained

I will say, this series doesn't really "explain" money. More so it's pitfalls and trappings in our current society and the history of how it impacts generations. I hate when ppl use "woke". Facts are facts. The numbers don't lie. They speak for themselves. That's not being "woke" it's being informed of the truth. However to be fair, this doc does glance over personal responsibility in many aspects, choosing to more so focus on the predatory nature of the current banking system...which is just factual regardless of your politics. Even if you don't agree with the approach, doesn't make the information false. Watch and judge for yourself. Many communities don't even get THIS type of financial information. ESPECIALLY regarding credit cards and understanding how interest or student loans work.

I was expecting an explanation of money. How its created, how it affects society, how interest works. You know, explaining money. Instead you get neoliberal garbage.

I expected to hear about fractional reserve banking, or no reserve banking, as it works now in the US. I've expected to hear how dollar has lost its backing in gold. I am disappointed. Not really much worth watching here.

I understand that many people did not like this documentary at all, or even felt almost "irritated". Individuals think that if someone fails, it's because he or she is either stupid or deserves it (but not themselves, of course!). After all, this is the quintessence of the American dream, where the individual is at the base of everything, is master of his destiny and has the freedom of choice.... Unfortunately, these people are caught up in an illusion! As a former CEO of a asset management company, with experience in both mortgage-backed securities and student loans, I can attest to this: the situation is exactly as described in the documentary. The problem is that people, on average (according to the law of large numbers!), are not as smart or as clever as they think they are, and by combining mathematical analysis with psychology it is easy (for companies with the know-how and resources) to take advantage of this, as the documentary explains very well. Therefore, it inevitably becomes the job of the state to try to protect them.

The information contained in this short documentary series is accurate and everyone should watch. Basic stuff but nonetheless good to know in this credit driven society. Also full of great advice.

The only people who dislike these types of documentaries are those who thrive in a capitalist society and derive their income from the misery of others.