079.VIKING BOER – RESOURCES – Money Creation Explained

The System of Money | Documentary | Money Creation Explained

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The System of Money – This film presents serious research and verifiable evidence on our economic and financial system.

The System of Money (2012)
Director: Michael Oswald
Writers: Mike Horwath, Michael Oswald
Stars: Ben Dyson, Anne Belsey, Noel Longhurst
Genre: Documentary
Country: United Kingdom
Language: English
Release Date: 1 May 2012 (UK)
Filming Location: London, England, UK

Storyline:
97% owned present serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK perspective and explains the inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it’s essential that we understand it. Yet simple questions often get overlooked, questions like; where does the money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? Produced by Queuepolitely and featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the “HBOS Whistleblower” Paul Moore, Simon Dixon of Bank to the Future, and Nick Dearden from the Jubliee Debt Campaign.

Reviews:
“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 the 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 sent back and fro. And about a specific type of money that only exists and can be used with, for instance, the Bank of England — and nowhere else.

A complicated system that evolved from simple facts when the law decided to forbid private banks to issuing 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 documentary is about: the how, when and why.