An excerpt from the animated film "American Dream"
Comments
The barter economy is a myth.
Not a single society in history has been based in barter.
There is no ethnographic or historical evidence of a society that uses barter as the primary means of distributing goods that has not first developed money.
fractional reserve banking isn't bad, it puts money into the economy money that would've just been collecting dust otherwise.
Hi, was wondering could I use this clip for my economics class?
Of course the guy who solves the problem is white
This video is. Dom
anyone have a link to the larger video?
The government's around the world are issuing bonds or I.O.U's. The government then takes the money and use the money to public works(welfare, corporate welfare, subsidizes, wars, etc). Some of that money get pocketed by the bureaucracy that then buys things in the real economy. When the bond comes due who pays back the bond holders tax payers. It's a cycle that eats itself. The bond has to be paid back plus interest. You have some number of people still doing productive work while the rest just sit around get tax dollars and spend it. The solution is to stop this cycle by going back to what people did in the past. When the dollar collapse barter is going to be the only way to get things. And the people still holding dollars are going to get the short end because the dollar is just paper.
very nice
Just finished reading wealth of nations and came looking for a video like this to better understand the concepts. Thank you
name of the music ?... its so beautiful
False: one barter equals two IOU's. The IOU's are the money. Not monopolized Rothschild gold/silver. The less than 1% monopolize all commodities. Diamonds, oil, natural gas, gold, silver, uranium etc are MONOPOLIES. The Banksters started the Federal Reserve under gold/silver monopoly. They own it and created this video as a loyal opposition solution. The "have-nots" must issue money NOT the elite.
currency is what we call currency.
where is the full length one
The only difference from this and the truth is that this really took place in Western Europe not the middle east, by a family named the Rothschilds. — A family that owns over 90% of the worlds central banking establishments to this day. Including the Federal Reserve USA.
Why do humans put themselves under an object that was invented by other humans?
So now,humanity develop a way to trade using useless paper that have no value at all
The only problem is that this entire video rests on nothing but assumptions. There simply isn't any evidence of this evolution of money to be found. It is rather a ideological projection from our time onto the past. For instance, David Graeber writes in his book 'Debt: the first 5000 years that: "The definitive anthropological work on barter, by Caroline Humphrey, of Cambridge, could not be more definitive in it's conclusions: "No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money; all available ethnography suggests that there never has been such a thing."
"Long long ago, people bartered"
Except they didn't. Not as their main mode of getting stuff they wanted, anyway. The 'barter theory' has been thoroughly debunked by David Graeber. Gold was primarily introduced as money to pay armies.
Not a single society in history has been based in barter.