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/

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abdulelah: جعلها تقبع

Margaret Gallacher: Rothschild's are the financial holders of the bank of England.

Margaret Gallacher: the government should be printing our money not central banks JFK tried to get rid of the federal bank and give power back to government to print money backed by silver.

Josie Fox: We need to get rid of the stock market and private banks completely. They don't serve the interests of the people. Start growing your own food people and therefore create your own wealth.

Mike Chladek: such a great video... but it never mentions the Comprehensive Annual Financial Report (CAFR)

WHICH IS ALL THAT MATTERS

Look it up

Giles Cox: If the Bank of England isn't owned by the British State, then it's a private bank and private banks create all of the money through lending.  Collecting interest is one of banking's top profit streams ... not the government's.

Michael Nathan Davidson: At this point, best thing to do with our economy, is to have reset, our economy is rotten and it's obvious. it's utter insanity that people are in so much debt. And card companies will call, you whether your at work, your at school, in bed lol. Jesus I ask you hit the reset button on our country's economy. This is ridiculous.

Mark Smith: "creating money" is a misnomer. Gold is and as money can't be printed or otherwise created. We don't need anyone to have the power to "create money", which as the experts themselves admit, cannot be wielded by anyone because everyone has a conflict of interest. This is inherent. Money is such a general technology, there isn't any group of people on the planet who don't have a use for it.

Mark Smith: Some experts arguing that we have a free market and it clearly doesn't work and others stating that we don't have a free market... this may be the most inconsistent piece of shit I've found on youtube. Editors: which is it? Either it's a free market or it isn't but you can't use experts stating that it is and that it clearly doesn't work, when it supports whatever message you're trying to put across, then switch to using arguments that it isn't - because the banks have a monopoly and a monopoly cannot exist without the power and threat of force emanating from the state, which is incompatible with and thus cannot exist within a free market! - and should be, when it supports another message.

All I can say is that it mus be really fucking confusing in your heads.

Mark Smith: Ann Pettifor... "we raised 14 trillion in one year to bail out the banks". That is a world of difference than saying we need to raise 2 trillion a year [every year] for "the greening of the economy" (whether or not I think that's a worthy cause). I guess it does make an nice soundbite, but it's a completely illogical, and nonsensical statement :P.

Think Tank Director...

THINK

I really wish this documentary had stuck to the facts instead of forcing all of these so called experts in to push their contradictory agendas through the screen.

Mark Smith: There's a certain perversion, irony and hypocrisy in complaining that the rest of us are being asked to pay for it while arguing for the theft of wealth from anyone who you decide hasn't earned it.

I'm not defending the banks or the bailout but stealing is stealing, and changing terms, calling it "redistribution", doesn't change the act. Would you like it if someone decided that you hadn't earned what you have and demanded you hand it over, "for the public good". The majority of people with any means have worked damn hard for it and you have no right, in a free, equal, and just society, to demand the property of another.

Personally, I've been working since I was 16. I've worked hard and saved everything I could, and because of this I am now in a position where I will never be able to benefit from this system; indeed I will always be forced to contribute disproportionately, precisely because I went out, learned, and worked. Why? Why should I continue to contribute more and more to a system which doesn't and will never benefit me? I've never mined paying my taxes but I'm increasingly alarmed by calls to increase taxes on anyone who is deemed to have more than the rest of of society. Why would anyone work hard to make something of and for themselves, and their children, when the collective continual looks down at you on for it, while demanding you pay even more?

Do to others as you would have them do to you.

This isn't rocket science. Treat people with respect and don't take something that doesn't belong to you. We teach children that!!!

Petitioning the government - an agent of force - to extract the resources of others - using threat of force - is no less theft than if you would use your own force. You wouldn't want anyone to do that to you so please don't do it to others. We're all the same here.

Mark Smith: We do not now and haven't had free markets for a very long time; all the "experts" in this documentary babbling on about how the free market doesn't clearly work because a government enforced monopoly - the banking system - is obviously and openly corrupt, are saying precisely nothing. It's like arguing that gravity doesn't work when you're floating in space. Complete and utter bullshit. The obvious conclusion that this documentary want you to draw: we need bigger governments with more power taxing is more and add more and more rules and regulations.

Other parts are just academics and techies pushing their silly theories... KwH backed currency would be interesting but we cannot store that energy cheaply of efficiently, making it a terrible form of money, which must be a store of value. Well if you can't store your store of value what fucking good is it :P. The truth is that the best store of value known to man is Gold, because, physics. If you want to back the currency by something then it should be gold. Gold as money been proven to work over the past 6000 years.

If you're interested then I can highly recommend George Gilder, "THE 21ST CENTURY CASE FOR GOLD: A NEW INFORMATION THEORY OF MONEY", in which he presents cutting edge research from information theory that show's unequivocally that gold is a near perfect form of money. The value of gold and why it is a near perfect form of money from the point of information theory have nothing to do with it being shiny and attractive to humans.

This amazing book also explains why the "basket of commodities", advocated for here doesn't work.

The Case for Gold, by Ron Paul, and the New Case for Gold, by James Rickards are also very helpful for understanding the why and how of gold as technology.

There's a reason Sir Issac Newton, arguably one of the brightest scientific minds of all time instated a sound monetary system, backed by gold, and silver, when he became Master of the Royal Mint 1699, issuing in an one of the most prosperous and stable times in our long British history. We need sound money and freedom, and a return to the free markets, not the ever increasing levels of taxation and regulation!

Mark Smith: So many conflicting and contradictory points of view in one documentary... I get that they need to make it sound horribly complicated but jumping between 10 contradictory opinions in the same minute makes me think that the editor didn't understand what the speakers were saying, and didn't see the contradiction... that's sad in a documentary purporting to reveal "The Truth"

Lawrence Henni: You should get with what the LaRouche's are doing, Lyndon here in the states and HelgaZep in Germany. LaRouche's Four Laws! Look it up :) btw, good work on this video

Lawrence Henni: Banking should be a public utility and issue, or create, money to, by and for the people. Derivatives must be removed from commercial banking activities, and off limits to legitimate commercial assets. The issuance of money and granting of loans must be directly related to the rights of all people. I like the idea of sovereign republic nation state democratizied banks. We need the thieves out of our banks so we can physically build things and free up intangible things each individual needs to obtain and maintain inalienable natural rights. Take our banks back!

Truth Finder: In neoliberalism's lust for privatization, credit creation was the most deadly. This led to the massive credit card and student debt of the past few decades, when it was all totally unnecessary. Now that neoliberal ideology has gone belly up and its economic era is in its twilight, we must revive fiscal policy once again and spend on investing in social programs instead of just on private bank $29 trillion bailouts and defense spending. The .01% has been enjoying fiat currency expansion to the maximum while maintaining gold standard straitjacket restraints on the rest of us.

MMT provides a clear understanding of how the economy works, debunking myths that taxes DO NOT fund spending and that the federal debt is actually private savings. We now KNOW that we can and should fund single payer, a jobs guarantee program, free college education, green energy, infrastructure, etc. and increase aggregate demand.

The neoliberals still haven't gotten the memo that it's a failed ideology and won't be happy until the entire government, save for the military and police force, are completely dismantled and/or privatized. Forty years of unbridled greed is a hard habit to break.

Neoliberalism refers to the "new freedom" of deregulated markets, not party affiliation. But monetary policy has been failing and all the tools in their kit, the latest being QE, is not resuscitating the economy as predicted. Mixed economy (fiscal and monetary) is what the most successful countries are practicing with the healthiest living standards.

Helen McCoy: Poland is currently struggling, because it brushed up against some powerful interests. The last time that happened, they murdered our president. Call it conspiracy theory, but it's just basic logic at this point.

Nebu Losa: I wish documentaries on serious topics would stop using doomsday music in the background. Such music is insanely annoying and distracting. Serious topics should not have music at all if producers want people to really pay attention.

Nebu Losa: I wish documentaries on serious topics would stop using doomsday music in the background. Such music is insanely annoying and distracting. Serious topics should not have music at all if producers want people to really pay attention.

Reid Butler: 1:11
"Governments don't rule the world. GOLDMAN SACHS RULE THE WORLD."

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