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Money: The Greatest Scam In History - What Is Money?

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Money -The Greatest Scam In History - What Is Money? Money As Debt, documentary "Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it." - Woodrow Wilson, former President of the United States. "Each and every time a bank makes a loan, new bank credit is created - new deposits - brand new money." - Graham F. Towers Commercial Banks create money in the form of demand deposits, when they make loans to households or companies. When a bank makes a loan, a deposit is created at the same time in the borrower's bank account. In that way, new money is created as a bookkeeping entry, with the loan representing an asset and the deposit a liability on the bank's balance sheet. The Bank of England explains this process: "In the modern economy, most money takes the form of bank deposits. But how those bank deposits are created is often misunderstood: the principal way is through commercial banks making loans. Whenever a bank makes a loan, it simultaneously creates a matching deposit in the borrower’s bank account, thereby creating new money." So where does money come from? In the United States, it comes from the Federal Reserve. When the U.S. government decides that it wants to spend another billion dollars that it does not have, it does not print up a billion dollars. Rather, the U.S. government creates a bunch of U.S. Treasury bonds (debt) and takes them over to the Federal Reserve. The Federal Reserve creates a billion dollars out of thin air and exchanges them for the U.S. Treasury bonds. So why does the U.S. government go to all this trouble? Why doesn’t the U.S. government create the money itself? Those are very good questions. One of the primary reasons why our system is structured this way is so that wealthy people can get even wealthier by lending money to the U.S. government and other national governments. Over the centuries, the ultra-wealthy have found lending to national governments to be a very, very profitable enterprise. But wait. There is a problem. Because the U.S. government must pay interest on the Treasury bonds, the amount of debt that has been created by this transaction is greater than the amount of money that has been created. So where will the U.S. government get the money to pay that debt? Well, the theory is that we can get money to circulate through the economy really, really fast and tax it at a high enough rate that the government will be able to collect enough taxes to pay the debt. And the creators of the Federal Reserve understood this as well. They understood that the U.S. government would not have enough money to both run the government and service the national debt. They knew that the U.S. government would have to keep borrowing even more money in an attempt to keep up with the game. That is why the Federal Reserve is a perpetual debt machine. The Federal Reserve central bank was created to trap the U.S. government in an endlessly expanding debt spiral from which there is no escape. Subscribe to this channel - http://www.youtube.com/c/ProperGander Fiat Currency - http://dailyreckoning.com/fiat-currency/ The Strange Reality of Fiat Money - http://neweconomicperspectives.org/2013/01/the-strange-reality-of-fiat-money.html The Federal Reserve is a Scam - http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_fed13.htm The Federal Reserve Explained - https://www.youtube.com/watch?v=j282JKnmeVo Fractional-reserve Banking - https://en.wikipedia.org/wiki/Fractional-reserve_banking Fractional Reserve Banking - How to Create and Destroy Money - http://www.financialsense.com/contributors/matthew-kerkhoff/fractional-reserve-banking-how-to-create-destroy-money Fractional Reserve Banking Explained - https://www.youtube.com/watch?v=JobaR9LLcfA Federal Reserve Explained - https://www.youtube.com/watch?v=JobaR9LLcfA History of the US Dollar - https://en.wikipedia.org/wiki/History_of_the_United_States_dollar Gold Standard - https://en.wikipedia.org/wiki/Gold_standard Only One Currency is Still Backed By Gold - http://www.businessinsider.com/are-there-any-currencies-backed-by-gold-2012-3 New World Reserve Currency - http://beforeitsnews.com/politics/2015/07/breaking-new-world-reserve-currency-backed-by-gold-revealed-2723256.html Debt Problems: Why is there so much debt? - http://positivemoney.org/issues/debt/ Banks Create Money As Debt - http://www.michaeljournal.org/lesson3.htm Our Debt Money System Explained - http://www.24hgold.com/english/contributor.aspx?article=810656842G10020&contributor=Money+as+debt Is Our Money Based On Debt? - https://mises.org/library/our-money-based-debt As always, use this info to gather more info.
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Text Comments (98)
MrFuckIsreal 123 (30 days ago)
28:33
MrFuckIsreal 123 (1 month ago)
13:43 so right.
MrFuckIsreal 123 (1 month ago)
2:21 I knew I was right because Aaron russo said so and I told this to this guy I know personally and he said "the bankers use the money they gain from other customers they charge interest on". What a lie. I didn't wanna tell him the bank print it out of thin air because it would be too long of a conversation. But yeah I can't think of a logical explanation to why bankers would just use the money they earned through interest which is their initial profit of making money.... That's like wasting all the money away and bankers would make no money at all... Its all a scam. Thank god I found this video I wanted to get into a bigger insight about this sort of stuff when bankers loan money. I know for a fact now they just print that money out of thin air with no struggle what so ever literally for free.
Christian Gaviria (1 month ago)
Fiat currency is the mark of the beast prophesied to come in the book of Revelation, which all traces back to one bank, the Vatican Bank. It is the greatest ponzi scheme in the history of the earth, causing all the inhabitants of the earth to buy or sell using paper money, which has no intrinsic value except what the bankers say its value is, which in turn, the bankers leverage inflation through it, causing the inhabitants of the earth to become poorer as their paper money is worth less and less every day and their incomes lag behind inflation, causing them to need to borrow more, and in this way, everyone becomes enslaved to the bankers, through debt, and become even poorer, through interest. Read about it in a study I did here, and how this system originated in Babylon and how it slowly made its way to all kingdoms on the earth throughout history, and what will cause this financial system to collapse, subsequently causing the greatest famine in the history of the earth, because the paper money of all the kingdoms of the earth will suddenly become worthless, http://www.wisdomofgod.co/2018/12/07/the-identity-of-the-beast-of-revelation-the-antichrist-the-whore-of-babylon-the-mark-of-the-beast-and-the-meaning-of-666/ .
Sean (1 month ago)
Short the bankers, long Bitcoin
Sean (1 month ago)
Escape the system, buy Bitcoin (BTC)
Vaibhav Chitneni (1 month ago)
One day the whole system is gonna fall. The world will be in chaos. Their paper notes will have no value
Adam M (29 days ago)
I cannot wait. Sure it will be hard as fuck to live. But change needs to happen.
HEK 293 (2 months ago)
Enlightening a moron is never easy.
HEK 293 (2 months ago)
Excellent video. I can use this to educate the morons i come across on Facebook. The debt slaves think they know everything. They don't know shit! Thanks.
HEK 293 (2 months ago)
Slavery!
iwe timer (2 months ago)
Thanks for this great video!
Hobbes (2 months ago)
bugs and elmer teach money in 7 minutes https://www.dailymotion.com/video/x4wwml9
The Mad Cow (3 months ago)
Money has always been a debt in the form of a current promise to do or supply something at a later date for the suppler of goods or services that are provided at a current point in time. Not sure if "currency" is a pun or not. ?????
KGBz (4 months ago)
This video is a lot of bullshit
Fabrice Manzo (4 months ago)
USE BITCOIN⚠️ decentralize money. 21.000.000 maximum supply. transparent. better divisible than gold. STOP Unnecessary dangerous Inflation! use bitcoin. and be in control of your own money ⚠️
william dechant (4 months ago)
It's a FICTION,and it is time to close the book.!
Gitaarman Ad (5 months ago)
Things will change soon. Banks have to do something before people will create their own money that will represent an intrinsic value. Ofcourse you can't call it ''money'' because that would be against the law. But, there's no law against credits, or claims to a certain amount of something with an intrinsic value, is there? We can trade with that on a local level, or even nation wide. A matter of time.
Shirota (5 months ago)
Its an economic prison. And the govt is the warden who gets to print money. And then they use the money to get the prisoners to jump
Shirota (5 months ago)
There were people in america who refused to accept dollars and would not turn in their gold in exchange for dollars. Govt busted through their doors and stole their gold and forced them to accept dollars
Shirota (5 months ago)
Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The limitation on gold ownership in the U.S. was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars and certificates by an act of Congress codified in Pub.L. 93–373[1] which went into effect December 31, 1974.
Shirota (5 months ago)
Even if you lose confidence in the dollar. Like people did during the great depression. The govt can force you to use dollars.
behrock (6 months ago)
There is a solution back in 2009, bitcoin.
CON-CAN (7 months ago)
Excellent explanation of the money system. Thank you.
Afferis (7 months ago)
very informative video and hilarious cartoons. Thank you so much
TAZA PANYAH (10 months ago)
Money a federal reserve note owed back to the government a debt a loan money you will give back this world is going to crash (inflation) Roman empire style, they will be in complete control of your earnings your labor, its there money if you owe irs, they can garnish your check, cease your accounts, they can do whatever get ready for a change people.
Cyric London (10 months ago)
35k views. Should have 35 million. Instead Dua Lipa - New Rules has over a billion. This tells you all you need to know about today's society. Incidentally, for those that are curious about changing the system as the end of this video suggests. Those that try end up like Kennedy or Gaddaffi. With their head blown off or sodomized by a lead pipe. It must be a public display too, as a warning to others that might be thinking of going down that path.
Cyric London (10 months ago)
Canada here. No Reserve requirement. Zero. The sky is the limit. A closed system though. Trying to get a charter and open up a bank no matter how much wealth you have is next to impossible. As George Carlin famously said.... " It is a private club and you are not in it."
Danina Massey (11 months ago)
Money not the issue printing an borrowing more than what we produce is
123 (11 months ago)
these fucking bastards terrorize our nations , fuck this scam
joe mccarthy (1 year ago)
Buy Crypto Currencies . Problem solved
Eugene Gina (1 year ago)
We are all greatful to the New York time the honest news that rains number one.
Tammy Washington (1 year ago)
If there really is a hing called government.....What government? All existing now is corporations....so government should not be involved in any future ccivics
Rich Monk (1 year ago)
Should actually read - Jews counterfeit money - the Greatest scam in History.
marc bell (1 year ago)
We use paper tokens. Adam Smith, "The Wealth of Nations". Dad said there were various ways the country could steal money from us. Inflation is one. Kill the Trump tax bill.
john tracy (1 month ago)
Another way is "civil forfeiture", which is nothing more than theft that has been legalized.
Terry Melvin (1 year ago)
The root of this scam is that as long as people have confidence in the dollar, it will continue to be used regardless if the bills are actually worth less than nothing. The "gold standard" is no longer needed as long as the lie can be perpetuated. Nothing complicated about it.
Hunt the banksters!
Chris Arias (1 year ago)
This video forgets to mention that money is a representation of your production and labor.
Robert CROSS (1 year ago)
Actually, that "quote" is a shortened version of one from George Bernard Shaw.
Robert CROSS (1 year ago)
Our two assertions are not incompatible. A lack of money reflects peoples inability to support interest payments on loans. That situation is compounded by commerce which seeks to con people into believing that stuff = happiness. We allow Bankers to do this to us because we are fools.
Christine Davis (1 year ago)
Excellent Video Told how I Understand it Now Thank you for Posting
artie whitefox (1 year ago)
We don't need money. Finance is a scam. Money makes people think, sigh, can I afford that? Damn, I have to settle for second best or nothing. God wants us to have the best of whatever. People give candy to kids on Halloween, Right? They that give should be able to ask of others for whatever in like manner. People need to have heaven in them now. Heaven does not come with observation. Heaven is not here or there. Jesus is heaven in us giving what is God's to a person who has God in them. The winner is the pwerson who has heaven in them no matter what another person does. The fear of what another person does makes people fearful of doing without money. Perfect love casts out fear.
Wellness81 (1 year ago)
I still think we need money of actual market production (like all goods) rather than ANY institution simply issuing it, debt based/interest having or not.
Adam M (29 days ago)
+Wellness81 it would have to work where your time and my time is equal. But in a fashion that still incentivises work. Honestly the solution isn't so simple. It's complex and would take many minds to come up with a way to promote work while keeping money at a well enough value to work at while supplying it. Honestly.... Robots. If the human race can create a robotic system so great and so vast that the whole communicable world could operate it. That means ANY labor besides the maintenance and research and development of the system would be handled by the robots themselves. That would eliminate the need for money since robots would work for free. A slave created and accepted by mankind. Robots do not have an incentive. BUT.... What would be the incentive of the people servicing and making these machines? Surely they would require and demand a luxury that cannot be obtained by the regular citizens that benefit off of the system. I do not know. Would they be a 'god' amoungst man. Able to control the robots since they would have the knowldge to do what the wanted behind closed doors to use their power for wrong. We just need righteous people. It needs to begin with righteous people. WHOEVER pilots humanity into a new era needs to be one of righteousness.
Wellness81 (1 year ago)
if you mean that we shouldn't have "fuck" money, that being fraud or scam money, yes i agree. if you mean to say fuck the concept of money all together, i would ask how you suppose trade for goods and services best get done. if something else, im not sure.
DinoRexGamingHD (1 year ago)
Wellness81 no fuck money
Micky Browne (1 year ago)
Buy bitcoin buy bitcoin buy Bitcoin
jerry garcia (1 month ago)
+Cyric London Bitcoin is the George Baily's of "its a wonderful life" while the banks are Mr.Potters. Unfortunately George does commit suicide and Potter wins in the real world. as we are seeing now dec2018 bitcoin 3125 down from over 10,000 last year.
薬Kusuri (3 months ago)
Soooo... After this very detailed explanation of how bankers create money and manipulate markets you don't think bankers can or already have manipulated or taken control of Bitcoin?? The entire market cap of crypto is still very small compared to the banksters they can easily control/manipulate the market.
Cyric London (10 months ago)
This is my worry Pratik. I see far too little resistance from these parasitic banks to bitcoin and cryptocurrency in general. I smell a honeytrap. Collapse the whole system at its peak, and no one will ever want to go near an online currency ever again
joe mccarthy (1 year ago)
Bitcoin is great as a store of value but doesnt work as a currency right now because of fees and time it takes for a transaction . I prefer miota , it gets faster the more people that use it and zero fees
Terry Melvin (1 year ago)
ok but what is the standard that makes it worth anything..? Dollar had gold and silver to back it up, now it has faith. What backs up the bitcoin's actual value?
Anarcha Media (1 year ago)
It`s frustrating being awake in a country full of overly patriotic,apathetic,complacent,willfully ignorant sheep.Most people in this country think communism is big,bad government why?`Cause our big,bad government and corporations told them so in the 1950s.Yet the irony is totally lost on the average American sheeple.
Thomas Elliott (22 days ago)
I know you say communism, but I'm sure you mean anarcho syndaclism. Communism only fixes half the issue, as another commentor has stated.
Antoine Jackson (3 months ago)
@The interestin Nobody thats capitalism, its driven by profit nothing else. If you cared about people u see capitalism is opposite that
LiuYe (11 months ago)
You can just do social spending. The social welfare side of communism. Without the actual communism.
Dwain Dibley (1 year ago)
The video is mostly myths and propaganda.
Yohanes Yohana (10 days ago)
Nope, this video is true... If today you had $1250 and your friend have 1 Troy ounce of gold may be the value would be same... But if tommorow there is nuclear bomb blast in Washington and new york then your $1250 value would be nothing compare to your friend 1 Troy ounce gold
Nathan Burden (24 days ago)
What ?!
J Meow (1 month ago)
The current money system is slavery. They want us to have to work at an accelerated rate.
trafficlight9199 (2 months ago)
The money system is a man made construct to ensure conformity and servility. The propaganda comes entirely from the money worshippers: when was the money system EVER seriously questioned? We accept it as being as irrefutable as gravity.
Dwain Dibley (1 year ago)
http://carl-random-thoughts.blogspot.com/
typen3k0 (1 year ago)
1st 1/2 of this video is great and informative about how and where money comes from and how we got here. A++. The 2nd half is just a bunch of idiotic idealism that won't work in the real world. Unfortunately this video still fails to grasp what the root nature of value is, as money is just a curtain to cover up that ugly truth. Those of us who understand will always profit from the system. Those who don't understand it or are too idealistic to accept it will always be the loosers.
NABOBIBO (1 year ago)
Yes buffet is a Jew bill gates is a Jew and Carlos slim too NOT! its not Jews fault Christian faith forbids loaning money so they used Jews for that !Jews are the victims of the Christian's ! Bernanke yelling are poor people compare to buffet or Obama they American loyal federal worker who live on basic salary!! they maybe have combined 10 million dollars|! they mainly helped  the rich Christian's ! get richer as buffet ect! the rich are not  the Jews !  you racist creep ass .. never forget that Jesus is a Jew rabbi and that the romans who made the Vatican later  killed him! Jesus was born and died as a rabbi Jew! he never agreed to change religion! remember that you racist creep
John James (1 year ago)
NABOBIBO you have no clue. and who is running this world right now and american culture( brainwashing)? ill give you a hint its not christians
Michael Paliden (1 year ago)
People Believe all kinds of crap they were told was a fact in Government schools.
Robert CROSS (1 year ago)
Money is not the root of evil, rather lack of it!
Nathan Burden (24 days ago)
Actually both WRONG its the LOVE OF MONEY! THAT IS THE ROOT FOR ALL KINDS OF EVIL!
Patrick Roche (8 months ago)
Robert CROSS with the vanity' comes the want for more
Terry Melvin (1 year ago)
Actually, it's the love of money that's the root of all evil.
Mike K (1 year ago)
Robert CROSS It's the mismanagement of money and the greed that makes central banks screw up all our lives and force us to be poor while they remain insanely rich... That's the real crime.
Alpha Omega (1 year ago)
Money is the allocation of time. That's it. How much is your time worth? That's up to you to evaluate. Why? You're the one who has to honour it. Say your'd like $100,000 per year but others would like $1,000,0000 to serve you. Ask do you demand more for your time or shop elsewhere for that help -- e.g.: a foreign economy (outsourcing work). Money isn't the problem. People are. "I want $100 for this loaf of bread." Will you pay (this monopoly) or eat something else (like graze on grass or share a cake)? Sorry but money is the greatest invention of Man.
YellowRoseforTexas (1 year ago)
this is missing critical information it doesn't account for the bonds ...banks lend no bank money, the money for mortgages is taken directly from the security and shows on the fedwire.
Mike K (1 year ago)
YellowRoseforTexas what is the fedwire?
artie whitefox (1 year ago)
Money is debt.  Money literally comes from nothing. The more money in circulation the greater the debt.  People see that  debt wanting more money. It is like putting water into your boat even when you know that the boat is sinking. Evil people use money to do evil to people. Money is needed for people who are not safe to have in God’s peaceable kingdom where no one will break through and steal. God giving to God what is God’s takes no money. God in one person giving to God in another person. All that is, is God’s even when a person makes something out of what is. Communicating is all that is needed with one on one. Honesty is needed when making decisions on your own. Take from a store what is needed knowing that another will look for something too. People who seek God’s kingdom that is unseen will do that. God’s rightiouness will be in them. They that are rejected will see God’s glorious place that they lost due to their greed, violent behavior and dishonesty. God’s light that takes darkness away incinerates them seeing them as a useless thing. People need to be taught the truth. Money is like a squeezing anaconda slowly killing you thinking you need it at the same time. The lack of money will free people. Devils in the soul fear that making people to fear letting of money. It is like the fear of having a broken humble Spirit. The fallen being says don't do that to the person making the pwerson feel like they lost when they do that. The person will be whole when they do that. The use of no money sounds counterintuitive like being broken in Spirit, but it is the best thing freeing you. Fallen beings don't want people to have the best thing.
James007 Bond (1 year ago)
Man! You said the truth. Unfortunafely, nowadays truth bekomes more like Cigarettes: we know it's bad, but still use it.
Adam M (29 days ago)
+Mike K video has a claim against it.
Mike K (1 year ago)
James007 Bond Everything is slowly changing though. Bitcoin is based upon a new revolutionary technology where a globally distributed ledger of transactions is kept by ordinary people, and not any bank. No only that, but the technology behind bitcoin (the blockchain) cannot be stopped or hacked, or altered by anyone because it doesn't exist in one central place. It's fully "decentralized"- in other words, every single node around the world has a complete copy of the entire ledger of all transactions. https://m.youtube.com/watch?v=1_W-7hd4T2I
Shaolin Westerner (1 year ago)
Good video. Very simple and easy to understand 5/5
I PELAD THE BLOOD OF THE LAMB AGAINST THOSE WHO RUN THE FEDERAL RESERVE AND THE BANKS OF THE WORLD, ESPECIALLY THE BANK OF ENGLAND. I PLEAD THE BLOOD OF LORD JESUS TO BE INJECTED INTO THE VEINS OF THE FILTHY BANKSTERS, WHICH INCLUDES THE ROTHCHILDS AND ROCKAFELLAS AND THE EDOMITE ELITES! I HOPE THEY START DROPPING DEAD THE INSIDIOUS SATANIC FREEMASON WITCHES!
Teksal1 (1 year ago)
Do you have size 6 3/4?
Terry Melvin (1 year ago)
""can..you feel..the love..tonight"...for someone who "Pleads the blood of Jesus", you sure have a lot of hate. I tell you what, I'm selling tinfoil hats at a discount. They block all harmful cosmic rays from penetrating your brain. Just send me $1000 Western Union, and I'll send you three of them.
Memento Mori (2 years ago)
Religion and money: Two highly effective tools to control the cattle. Keep them in fear, keep them in debt.
ジョネーJonét (1 year ago)
John Smith Damn, every word of that was brilliant. Couldn't have said it better myself.
Michael Paliden (1 year ago)
2 bad so many people don't even know they follow a religion under another name
MGTOW SADHGURU (1 year ago)
excellent quote

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