97% Owned - Economic Truth documentary - Queuepolitely cut

Watch the sequel: https://www.youtube.com/watch?v=p5Ac7ap_MAY 97% owned present serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? A film by Michael Oswald, Produced by Mike Horwath, featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign. Help us translate this video! Contact us at info@queuepolitely.com for more details. Completed translations: Spanish, German, Swedish, Indonesian, Korean, Romanian, Portuguese, Italian, Slovenian, French, Bulgarian. Buy the film on DVD here http://shop.queuepolitely.com/shop/ Brought to you by: http://hushhushvideo.com/ and http://queuepolitely.com/

Comments

Adrian Tyler: Mike Maloney hidden secrets of money is a good easy to understand video series

Understanding Canada: Good stuff, but as always with the complex system of banking, there seems to be a couple flaws in the explanation.

Seigniorage, it's not the difference between the cost of producing a bill and the price of it to sell to a bank, the cash is still a liability on the BoE balance sheet, that's just a swapping of an asset for a liability. The money from the sale is invested in securities, and when the security earns interest, the difference between the interest and cost to produce is the seigniorage.

"As discussed above, a banknote that is sold by the Bank to the commercial sector is paid for via an electronic funds transfer
to the Bank. The Bank invests the funds received into an interest-bearing asset, such as a government bond. The Bank
therefore receives interest income from the assets, yet pays no interest on the corresponding liability (the banknote). Once
the costs of banknote production and issuance have been deducted from this income, the net income earned — referred
to as ‘seigniorage’ — is passed on to HM Treasury. This amounted to £506 million in 2014–15."

http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2015/q3prerelease_1.pdf

Also, the creation of central bank reserves is not made out of thin air, that doesn't even jive with Positive Money's own explanation:

http://positivemoney.org/how-money-works/advanced/how-central-banks-create-money/

The bank has some kind of asset it sells to the BoE to create the central bank reserves. Sure, the central bank reserves did not exist prior, but some kind of asset had to be swapped to create them, it's not like a bank loan where both the asset AND the liability are created out of thin air.

It's subtleties like these that need to be properly communicated else docs like these can still be dismissed by the bankers and powers that be as conspiracy theory tripe.

Abdi Robbi: Its a good idea, thank you

Sim Salabim: oy vey

Gauvain: "Queue Politely" How very British.

RCPanzer Tank: This is a good film but misses the very important concept of monetary currency sovereignty and the creation of state money. This is the gap between taxes and government spending, the deficit. Also missing is the explanation that government debt issuance matches deficit spending but does not fund it, government bonds are a needless tradition and means of regulating the target interest rate which could also be set. A discussion of sectoral balances would have been useful too.

T'was an old username and I'll change it soon.: Is this only for Britain? I live in America, s I am unaware about how relevant this may be to myself.

Subutay Han: bullshit documentary ..not once does it mention president lincolns green back state printed debtless money ..controlled opposition never wants you to understand that the problem is not if money is silver, gold, wooden sticks, paper the problem is private ownership of the bank. The only simple sltion is that the government has to directly print money..thats it.

r4m: Mo money mo problems

Natasha Chiware: How do you get rid of haters blatantly watching you and stopping you from doing what you need to do? I feel like there is some watching me and making sure I really don't get money! Enough to buy a car! How can I stop them??? Looks like nothing phases you! You look like you don't get depressed sometimes when you wake up? Or do you! How can I stop some girl from watching me! I think she is a witch! There is a girl I know who I think is doing this to me! How can I stop her and do what she is doing to me on to her! How?

The Amazing Lucas: So we should reward the children for the crimes of the parent? Makes sense

Anthony Salvatore: Switzerland is where their banking headquarters are and CERN
We are all SHARECROPPERS run by a criminal cartel called government

Bunne Rabb: Money was N E V E R anything but IOUs for actual wealth or commodities. The rest is a con.

ZioSlayer Viking Warrior: The World needs Bitcoin to Liberate Humanity from these gangster-Banksters..

stuartgt34: BEWARE! This video shifts from a "fiat money that is not able to operate in a truly free market" quickly into a socialist "we need one group to determine how all money is spent". The ending of this video is incredibly disappointing.

stuartgt34: I loved this film until they completely manipulated George W. Bush's Iraq war speech. There was absolutely no need to blatantly lie like that. Now I have to comb every single thing said in this two hour video.

Ray Ang: could do without the dramatic music and the fancy camera work - makes it feel like propaganda just like the other side of the argument. So please. No dramatics. Just the facts please.

Micky Browne: That's why we need bitcoin it's out of the control of the banks.

dawoodwaris: A very informative documentary, keep up the good work. I was wondering if private banks create digital money and floats around twenty or thirty times more than actual cash then a time will come for the demand of the real cash is it? That can cause deflation because there will be a demand for the cash and all the assets will be in market for sale. So I reckon even gold price can crash as well. So the Central bank will fire up printing money until it leads to hyper inflation. Or How is it going to end this?

Dylan Chapin: Basing a currency on the main commodities of the nation doesn't seem like a very good idea...look at Venezuela right now. 50% or more of government revenue is generated by the oil industry and their economy is in free fall since oil prices fell.

Your name:

Your comment:

Video on this topic

97 Owned Economic Truth documentary Queuepolitely cut

97  Owned   Economic Truth documentary   Queuepolitely cut

The Truth About The Economy, 97% Owned.

The Truth About The Economy, 97% Owned.

Watch the sequel: 97% owned present serious research and verifiable evidence on our economic and . This documentary is a serious research and verifiable ...

97% Owned Offical Trailer

97% Owned Offical Trailer

Watch the full film now at: https://www.youtube.com/watch?v=XcGh1Dex4Yo 97% Owned investigates behind the scenes of the ever changing financial system, ...

97% Owned - Economic Truth documentary - Queuepolitely cut

97% Owned - Economic Truth documentary - Queuepolitely cut

97% Owned Economic Truth documentary Queuepolitely cut 720p

97% Owned   Economic Truth documentary   Queuepolitely cut 720p

97% de propriedade presente pesquisa séria e provas verificáveis em nosso sistema econômico e financeiro. Este é o primeiro documentário a abordar esta ...

The Truth About The Economy, 97% Owned.

The Truth About The Economy, 97% Owned.

This documentary is a serious research and verifiable evidence on our economic and financial system. It explains from a UK-perspective the inner workings of ...

97% Owned - Positive Money Cut

97% Owned - Positive Money Cut

To join the campaign to democratise money see http://www.positivemoney.org.uk/97percent Watch the sequel: ...

97% Owned - Economic Truth documentary - Queuepolitely cut

97% Owned - Economic Truth documentary - Queuepolitely cut

Watch the sequel: https://www.youtube.com/watch?v=p5Ac7ap_MAY 97% owned present serious research and verifiable evidence on our economic and ...