nooriginalthoughts (November 30, 1999 at 12:00 am)

by citizens, corporations, the government, and a sufficient time lag between the new debt being created and the existing debt repayments falling due, or else the "system" will collapse (as has happened all over the world from time to time). The system is unsustainable, and is the reason people feel trapped in a rat race, forced to consume more and more crap they don't need. Meanwhile, ALL property eventually comes back to the bankers, because there is inadequate "money" to pay the debt...

nooriginalthoughts (November 30, 1999 at 12:00 am)

It's interesting, but please comment on the sense and sustainability of the system. The banks "create" the principal of the "loan" (out of thin air, they add no value, other than credibility). Credit (debt) accounts for 95% of an economy's money supply. Banks do NOT create "money" to cover the interest on the credit. That has to come from the overall nation's money supply, which we now know is 95% existing debt money. The system requires ever increasing amounts of debt to be entered into

yuukannahoshi (November 30, 1999 at 12:00 am)

Hey Paul, Really good and informative while understandable video's. I plan to watch them all. I wanted to know for a while how money works.

marklethanarkle (November 30, 1999 at 12:00 am)

awesome video! please make more.

PaulMcKeever (November 30, 1999 at 12:00 am)

I just wish the youtube video conversion process didn't (sometimes) stretch the video. I feel like I'm watching a movie at the drive-in.

glennyh (November 30, 1999 at 12:00 am)

Great stuff, Paul! Certainly an original way of looking at this topic.