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The Momentum Group

You've got dreams, goals, perhaps even a great idea that you are developing into an entrepreneurial venture.  How do you stay on course and keep progress marching along?

Our goal in this group is to share ideas and support each other to keep the momentum going on our projects, whether in their infancy or just at a...(more)
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  ~KES : Communicator

How Money Was Created: The Truth About Money

~KES said Apr 17, 2007, 4:16 AM:
 

Hello, All!
 
This is quite educational for anyone who may not have gotten the intricate details. So from where is all the money really coming? 
 
Animated Video: How Money Was Created:
http://video.google.com/videoplay?docid=-9050474362583451279&q=Money+as+Debt .
 
Very warmly,

Kathy

Even if you know about money, worth watching to help look at a new momentum
for having some more money.
  Fred : "If you die today, what dreams, what ideas, what talents, what voice, what books, what music will die with you?" - Les Brown

Re: How Money Was Created: The Truth About Money

Fred said Apr 17, 2007, 9:55 AM:
 

Great post, Kathy.  Education like this is not taught in schools.  I haven't watched the movie, but until recently I never had the slightest concept of what the “gold standard” was (I was born in 1979) and how our currency system really worked.  It's pretty scary to think that our entire system is built upon basically, nothing but a promise to pay.

Interesting that our curriculum never talks about this in school.  It should be taught to everyone.
 

Re: How Money Was Created: The Truth About Money

mm [no longer around] said May 10, 2007, 2:23 AM:
 

i couldn't find the video :(

®
  Mike : Ideas, ideas, ideas...

Re: How Money Was Created: The Truth About Money

Mike said May 10, 2007, 7:49 AM:
 

try this mermaid -

http://video.google.com/videoplay?docid=-9050474362583451279&q=Money+as+Debt

:)
 

Money for nothing and the chicks for free...

mm [no longer around] said May 10, 2007, 10:04 AM:
 

thanks! a very good video,
i've known thats the way it works for sometime, although i never included the debt factor, which makes it work, and you might find it amazing that Everyone that i've given my opinion about this not only doesn't know, but doesn't believe it. And im talking MBA's here.

You might enjoy this pictures from a Mexican artist, Jose Guadalupe Posadas, from the time of the Revolution. They are related to the “Dia de los Muertos” (Day of the Dead) we celebrate here. (the cartoons from the video reminded me of some engravings by him, but after a search i only found theese, if i find the ones i was looking for ill post them later.)

http://www.austinchronicle.com/issues/vol15/issue3/arts.artview.capital.html

http://www.lambiek.net/artists/p/posada/posada_calaveras.gif

take care

®