97% Owned
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 Mon...
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"This is a very informative and powerful flick about the nature of our monetary system and how it came to be. It explains that most money is created basically out of thin air and that money is debt. Most people think that banks lend money out of deposits but in fact every time a bank lends money to you it creates that money out of nothing and creates your debt to them at the same time. Similarly, Government spending isn't funded by tax receipts, it occurs electronically and taxes just exist to reduce inflation. This film explains that austerity is a failed policy and criticises asset specu..."
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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 Mon...