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Kadayi

Kadayi

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http://video.google.com/videoplay?docid=7065205277695921912

Just went up today. Worth taking it all with a pinch of salt (like all the religious stuff in the original) but it does explain the bizarre nature of the fractional money system in a fairly straight forward manner. I thought it was worth posting because of the recent capitulation by congress to allow the $700 Billion bill to go through.
 
No-one even knows WHY they're supposed to take it with a pinch of salt.
 
Interesting perspective... if true. What's frustrating is that I have no way to gauge the accuracy of the way the system is described in this film because the filmmaker is such a dubious source. A pinch of salt is advisable but a bucket might be better.

In the past Peter Joseph has apparently attempted to argue that 9/11 and the attack on Pearl Harbour - among other things - were staged by a shadowy organisation bent on world hegemony.

In one of the few areas of this vid where he deals with material I'm modestly familiar with, his research turns out to be extremely shoddy verging on complete fabrication. At 49:20 he quotes Robin Cook, deceased British former Foreign Sec, as saying that there's 'no terrorist group called Al Qaeda.' A simple Google search reveals that Robin Cook never said any such thing and that the quote which appears is actually a misattributed one from someone called Pierre-Henri Bunel.

So yeah, interesting vid for the fractional reserve explanation, potentially, but it would be more interesting if I didn't get the sneaking feeling I was being presented with a complete distortion of the truth...
 
Laivasse said:
So yeah, interesting vid for the fractional reserve explanation, potentially, but it would be more interesting if I didn't get the sneaking feeling I was being presented with a complete distortion of the truth...
Click to expand...

Fractional reserve isn't a fiction it's widely known:-

http://en.wikipedia.org/wiki/Fractional_reserve

but the film does put it in digestible terms, as to the sheer absurdity of it (money or rather credit out of thin air up to 9 times the value of the deposit). It is a masquerade that people are forced by dint of social dependence to subscribe to. The problem is it relies upon people not calling in their debts. A bank not having enough money to pay it's obligations? Hmm....

The Venus project people were interesting if a little idealistic, but the argument of what genuinely improves lives is technological advance is quite compelling, and the whole alternate energy issue is well known.
 
I never said it was a fiction - I know it exists, of course. I'm saying the film's digest version of it is very likely to be a distortion or a deceitful oversimplification, considering the filmmaker's very POV standpoint and dodgy track record.

For the record I happen to agree that it's absurd how little a fraction of a reserve that banks are required to hold. I'm unconvinced that it's part of a subtle attempt to enslave humanity, as this film seems to put it, and I'm not convinced it should be linked to the current crisis either, which can be attributed more simply to greedy lenders.
 
The actual motives are unimportant, the reality of observation alone is that the many have little whilst the few have plenty, and that the maximisation of profits far outweighs any other factors, and as the film rightly points out this direction is becoming increasingly unsustainable esp in terms of environmental cost.

The sad reality is we do have the means to resolve our energy needs using green resources, but whilst there's oil in the ground the multinationals are going to pursue that resource no matter the political fallout, environmental damage and human cost, because it supports the existing monopolies and delivers maximal quarterly returns.

We are never going to really achieve anything noble if we are caught in the trap of worrying about quarterly returns all the time. Do we have the means and ingenuity to terraform Mars? Certainly, but given the process would take a few hundred years minimum and a massive investment in terms of resources, given the present short term paradigm of investment is that truly ever likely to happen?
 
Ah the late great Mr Hicks. Yes without a doubt his perspective definitely ties in with it. A man who understood the absurdity of it all.
 
Good watch. The end is a bit of silly fodder for someone willing to poke fun at it, but I thought it was kinda neat and I dig the overall "change everything" message.
 
didn't watch, but doesn't fractional reserve banking only happen with a gold standard.
 
i'm half way trough...it has some dubious claims, but overall it's way better than the first.

is it me or is the guy implying for a change to a none monetary system...like technocracy...i'm eager to see how it progresses.



edit: i really don't want to boast, but i'm really proud that i came to the same conclusions as some shown in the video (before actually seeing it)...like the geothermal energy and non-monetary system. :p
come to think of it i often get ideas before they become "mainstream" :D ok...this is just a guess
 
Also, the venus project looks badass, but tbh I can't see it happening.

EDIT: Whoops, didn't mean to double post, sorry.
 
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