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The System of Money | Documentary Money Creation | English | Finance System
The System of Money – This film presents serious research and verifiable evidence on our economic and financial system.
The System of Money (2012)
Director: Michael Oswald
Writers: Mike Horwath, Michael Oswald
Stars: Ben Dyson, Anne Belsey, Noel Longhurst
Genre: Documentary
Country: United Kingdom
Language: English
Release Date: 1 May 2012 (UK)
Filming Location: London, England, UK
Storyline:
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? Produced by Queuepolitely and 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.
Reviews:
“Simple facts described in a plain and simple manner : the building stone of economy is how money is created. And, most importantly, debt is explained : that there is no economy w/out debt. Debt is core. It’s all about the control of debt, and who “owns” debts.
As is, debt is as important a concept, as creation of money is. And this is not at all about some 3% of coin & paper money in the system, it’s essentially about some 97++% of ‘virtual’ money being send back and fro. And about a specific type of money that only exsists and can be used with, for instance, the Bank of England — and nowhere else.
A complicated system which evolved from simple facts when law decided to forbid private banks to issue their own paper & coin money in the 19th century.
But then somehow, and it’s not a mystery, private banks still keep on issuing money (tho not their own paper & coin notes)
and that is, in essence, what this doumentary is about : the how, when and why.
A must watch, to be honest and a 10-star docu if only the female narrator’s voice would not have been mixed in in such a shallow manner (often too hard too grasp; a pity) : it deserves a clear firm straight sound given that the documentary itself is profoundly clear.” -Written by artiszt on IMDb.com
Also Known As (AKA):
(original title) 97% Owned
Canada (English title) 97% Owned
Romania Unde sunt banii?
UK 97% Owned
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#money #documentary #moneymaking
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A higher currency value does not mean that a country is richer or has a stronger economy. The exchange rate only shows how much one unit of a currency is worth compared to another. India’s economy is far larger, more industrialised, and more stable than Afghanistan’s. The reason the Afghani appears stronger is because of how currencies are valued, managed, and traded, not because Afghanistan’s economy is doing better.
Each country sets its currency value based on its inflation, supply of money, and demand in international markets. Sometimes, a country may have a high-value currency simply because fewer units of it exist, or because the government has fixed the rate differently. On the other hand, a country with a big population and large money supply, like India, may have a lower-value currency per unit even though its economy is much stronger overall.
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