Date: 2024-05-15 Page is: DBtxt003.php txt00025079
FINANCIALIZATION
ALL ABOUT MONEY (??) ACCUMULATION
Java Discover: Finance Documentary
The REAL Truth Behind our Money: Corruption, Crisis & Credit
ALL ABOUT MONEY (??) ACCUMULATION
Java Discover: Finance Documentary
The REAL Truth Behind our Money: Corruption, Crisis & Credit
Original article: https://www.youtube.com/watch?v=ABFI2YZvL_8
May 4, 2023
263K subscribers ... 58,709 views ... 1.3K likes
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 money come from?
- Who creates it?
- Who decides how it gets used? And what does that mean for the millions of ordinary people who suffer when money and finance break down?
Referring to the 97% of the world’s money supply that is represented by credit this thought-provoking film presents serious research and verifiable evidence on our economic and financial system and is the first documentary to tackle this issue from a UK-perspective
Featuring frank interviews and commentary from economists, campaigners and former bankers, it exposes the privatised, debt-based monetary system that gives banks the power to create money, shape the economy, cause crises and push house prices out of reach.
Fact-based and clearly explained, 97% Owned demonstrates how the power to create money is the piece of the puzzle that economists were missing when they failed to predict the crisis.
Peter Burgess COMMENTARY
This is an excellent compilation of material about the operation of the money, banking and finance segment of the economy. It makes the case that the actors in this sector have organized in such a way as to enable them to accumulate a huge amount of wealth without much wealth finding its way to everyone else.
I am left hanging in so far as it seems that we are 'stuck' with this situation ... which is a reasonable conclusion given that there has been little or no effective oversight of the money, banking and finance sector for a very long time.
I studied engineering followed by economics at Cambridge in the late 50's early 60's. Amazing things were happening in science and engineering, and Cambridge economics with people like Joan Robinson and Nicholas Kaldor was also quite exciting as it moved from a more classical approach to one that was more 'activist' and Keynesian. In my adult career I have been disappointed at the way progress has been 'manipulated' in ways that have been exceptionally creative and mostly morally reprehensible.
The way money, banking and finance has been managed ... the subject of this 2 hour long video ... is at the center of my own deep annoyance with respect to those with power and influcence in the several decades since the OPEC oil crisis of 1973.
I call the problem 'financialization' ... and it is the driver to a great extent of the TVM initiative that is being documented on this website.
Peter Burgess
Simon Dixon, Founder: Bank to the Future
Ben Dyson, Founder: Positive Money
Ben Dyson, Founder: Positive Money
Noel Longhurst, University of East Anglia
Quote: Paul Tucker ... Deputy Governor, Bank of England
Ann Pettifor, Author and Think Tank Director
Ben Bernanke, Former Chair, US Federal Reserve
Anne Belsey, Monetary Reform Party
UK Money Supply M4
Bank logo ... HSBC
Sargon Nissan ... former equity trader and economics researcher
New York financial center
UK Banking Sector Assets as a % of GDP
Nick Dearden, Director: Jubilee Debt Campaign
Paul Moore, HBOS whistleblower
Housing
New York Financial Center ... Wall Street
Activism ... People before Profit
Lloyds Bank logo
Barclays logo
Activism ... huge cost of bank bailout
NatWest logo
Bank of England
Total Reserves of the Bnak of England
Northern Rock
Falling liquidity reserve ratios
James Meadway
UK Money Supply M4
Claran Mundy, Director Transition Bristol
Josh Ruan-Collins, Book: Where does money come from?
Housing ...sub-prime financing!
Average UK house prices
Ann Pettifor
Natural Capital ... Forest
UK Money Supply M4
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