the money masters 2

Watched the second part of this last night. (Available to watch free on the web here: and I strongly urge anyone interested to do so. I linked to part one in the earlier post.) This stuff is the best account of how international banking and the money system works that I have yet encountered.

Anyway. Wow. All the detail in the world. Seemingly endless freaky quotes from former Presidents and Mayors saying basically “the international bankers are running the country and they’re bastards”. Nobel Prize winning economist Milton Friedman saying every recession ever coincided with a sharp drop in the money supply – this being the prerogative of the central bank to control.

Depressing in that the scope of the problem is enormous, uplifting in that solutions are simple and practical (though not likely to be enacted… sound like a familiar description of human social problems?). It fundamentally boils down to who has the right to create money out of nothing – leaving aside for a moment the way that money is entirely a function of our belief in it – unnaccountable people or elected accountable people. The solutions section at the end explaining how to completely remove debt and create a stable economy in under two years was pretty worthwhile.

As an added bonus, there was an hour long Q&A afterwards with a woman who had once been offered a job on the board of governors of the Federal Reserve, which was really fascinating.

No Responses to “the money masters 2”

  1.   Administrator
    September 27th, 2006 | 3:03 pm

    Also available on youtube
    Part One
    Part Two

    I cannot recommend this stuff enough.

  2. April 15th, 2009 | 12:55 pm

    […] His schtick is similar to the Money Masters type view of the economy – the systemic flaws are to do with the nature of the money system, with money being an illusion with no basis untethered to things that actually exist, but having power to create real effects; and heavily critical of the role of central banks – but without the conspiracy angle, so more mainstream palatable, if the crowd was anything to go by. […]

  3. April 15th, 2009 | 12:57 pm

    […] His schtick is similar to the Money Masters type view of the economy – the systemic flaws are to do with the nature of the money system, with money being an illusion with no basis untethered to things that actually exist, but having power to create real effects; and heavily critical of the role of central banks – but without the conspiracy angle, so more mainstream palatable, if the crowd was anything to go by. […]