Name: Zeitgeist: Addendum (2008)
Uploaded: 2017-07-23T12:37:38.000Z
Duration: 2 h 3 min
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

The old appeals to racial, sexual or religious chauvinism,

to rabid nationalist fervor are beginning not to work.

The business of who I am and whether I'm good or bad, or achieving or not,

It's only the choice. No effort, no work, no job, no savings of money.

The game was to find out what I already was.

It is no measure of health to be well adjusted to a profoundly sick society.

It is obvious, the profound influence these traditionalized structures have

in shaping our understandings and perspectives.

Yet, of all the social institutions, we are born into,

There seems to be no system as taken for granted,

the established monetary institution exists as one of the most unquestioned forms of faith there is.

are unregistered interests of the great majority of the population.

In a world where 1% of the population owns 40% of the planets wealth.

In a world where 34.000 children die every single day

and, where 50% of the world's population lives on less than 2 dollars a day...

And, whether we are aware of it or not, the lifeblood of all of our established institutions,

Therefore, understanding this institution of monetary policy

is critical to understanding why our lives are the way they are.

Unfortunately, economics is often viewed with confusion and boredom.

Endless streams of financial jargon, coupled with intimidating mathematics,

quickly deters people from attempts at understanding it.

The complexity associated with the financial system is a mere mask.

Designed to conceal one of the most socially paralyzing structures,

None are more hopelessly enslaved than those who falsely believe they are free.  - Johann Wolfgang von Goethe - 1749-1832

A number of years ago, the central bank of the United States, the Federal Reserve,

produced a document entitled "Modern Money Mechanics".

This publication detailed the institutionalized practice of money creation

as utilized by the federal reserve and the web of global commercial banks it supports.

On the opening page the document states its objective.

The purpose of this booklet is to describe the basic process of money creation

It then precedes to describe this fractional reserve process

A translation of which goes something like this:

The United States government decides it needs some money.

So it calls up the federal reserve and requests say 10 billion dollars.

The FED replies saying: "sure, we'll buy ten billion in government bonds from you".

So the government takes some pieces of paper,

paints some official looking designs on them, and calls them treasury bonds.

Then it puts a value on these bonds to the sum of 10 billion dollars

In turn the people of the FED drop a bunch of impressive pieces of papers themselves.

Only this time, calling them federal reserve notes.

Also designating a value of ten billion dollars to the set

The FED than takes these notes and trades them for the bonds.

the government than takes the ten billion in federal reserve notes,

And, upon this deposit the paper notes officially become legal tender money.

Adding ten billion to the US money supply.

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Zeitgeist: Addendum (2008)

essentially

majority

poverty

reality