Re: How Money Was Created: The Truth About Money

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

i couldn't find the video :(

®

Re: How Money Was Created: The Truth About Money

try this mermaid -

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

:)

Money for nothing and the chicks for free...

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

®