Date: 2024-10-31 Page is: DBtxt003.php txt00014471
Economics
How Money and Credit Work
VIDEO: The Monetary System Visually Explained
Burgess COMMENTARY
This is very thought provoking ... but is essentially wrong, not so much because of the detail of how 'money' is created, but because it ignores the mechanism by which wealth and prosperity are created.
Wealth and prosperity are created because the PROCESSES of the ECONOMY result in true VALUE ADD and the PROCESSES of NATURAL WORLD also function to sustain value, and perhaps actually add value. The financial processes being described in this video explain very well how the value created by human effort and natural systems is extracted by the banking and financial system to renrich this segment of the system at the expense of everyone else.
Peter Burgess
The Monetary System Visually Explained
Popularity: 948,012 views
https://youtu.be/23DNe0cJhcU
Youssef G
Published on Aug 11, 2015
A great visual explanation of how monetary systems work.
For more videos: www.HiddenSecretsofMoney.com
Category
Education
License
Standard YouTube License