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Date: 2024-07-15 Page is: DBtxt001.php txt00014471

Economics
How Money and Credit Work

VIDEO: The Monetary System Visually Explained

Burgess COMMENTARY
This is very thought provoking ... but is essentially wrong, not so much because of the detail of how 'money' is created, but because it ignores the mechanism by which wealth and prosperity are created.
Wealth and prosperity are created because the PROCESSES of the ECONOMY result in true VALUE ADD and the PROCESSES of NATURAL WORLD also function to sustain value, and perhaps actually add value. The financial processes being described in this video explain very well how the value created by human effort and natural systems is extracted by the banking and financial system to renrich this segment of the system at the expense of everyone else.
Peter Burgess

The Monetary System Visually Explained Popularity: 948,012 views https://youtu.be/23DNe0cJhcU



Youssef G Published on Aug 11, 2015

A great visual explanation of how monetary systems work.

For more videos: www.HiddenSecretsofMoney.com Category Education License Standard YouTube License



The text being discussed is available at
https://youtu.be/23DNe0cJhcU
and
www.HiddenSecretsofMoney.com
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