Darkness
Psychoanalyst/Marxist
Exactly. He claims the problem is capitalism, yet he (the disembodied voice in the cartoon) either has no clue how money really works or he is being willfully obtuse. Marxism has never worked, and all he is doing is calling what happened the failure of 'capitalism' as a means to support his 'alternative', which is a bad joke.
(marxism itself is a bad joke)
I think what the guy is trying to say, if only he had the right understanding, is that FIAT CURRENCY is the problem. He is right in that labor produces wealth. He is wrong however to say that capital was the cause of the crisis. I think the real point is that it was not capital, it was fiat currency which the Fed can create out of nothing, and continues to do at an increasing rate, to serve the vast governmental machine, is what wrecked the economy and continues to keep it operating at a highly repressed rate.
Here's a basic tutorial on where money comes from. And why these crashes are guaranteed to continue as long as fiat currency is in use.
[youtube]vVkFb26u9g8[/youtube]
YouTube - ‪Money As Debt (1 of 5)‬‎
[youtube]sanOXoWl0kc[/youtube]
YouTube - ‪Money As Debt (2 of 5)‬‎
[youtube]kTv1fo6sKmo[/youtube]
YouTube - ‪Money As Debt (3 of 5)‬‎
[youtube]3qicabStQkc[/youtube]
YouTube - ‪Money As Debt (4 of 5)‬‎
[youtube]7kpSbkaD4tM[/youtube]
YouTube - ‪Money As Debt (5 of 5)‬‎
Beware of the Voodoo! I need to see a credible source which states the banks have the power to create money. As I understand the system, a bank which has a fractional reserve requirement ratio set at 9:1 must keep 100 USD out of 1,000 USD at the Federal Reserve, and is allowed to lend out 900 USD. That is the money multiplier, that the 900 USD can be loaned out, yet functionally it is like it is still sitting in the bank's vaults so the money supply in our small closed system is valued at 1,900 USD.
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