97% Owned

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?

Wasn't an easy watch, I couldn't think clearly, so I will likely have to revisit. Sheds light on how debt and money creation works, and feeds on the fact that money is now mostly paperless. It is put together in a way that leads the mind to think of conspiracies, yet that's natural since whatever we consider could be considered by ones with access as well. As with most documentaries there has to be an allure, a selling point, and this is no different albeit lays down many facts the average person wouldn't normally think about. Maybe I will check out the book that it's largely based on which is listed near the end.

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.

Explains the introduction and impact of Britain and The USA adopting Fractional Reserve Banking System.