I never had interest in economics.
I've always thought the world of banking and finance was boring, confusing, and is done on purpose so that normal people do not we find out things. I argue with math, but I prefer to have a calculator handy.
The last two articles talked about banking in particular, this article does not speak of a family or a bank (the next item will be on the BBVA), but overall system and how is money. Also some of the world given get all your money in the bank for the next day, December 7, 2010 .
The first time I realized that people do not understand what the money was when everyone started to buy phones. Some came free, and with 20 euro free calls. A companion scholarship is surprised and stated he could not understand how you can give away money. Is it going to ruin the phone company? I did not understand that once assembled the technology to make calls the minute price is not the result of an inexorable physical law but is decided by people based on technology investments pay off in time and take X X profit despite competition (or rather agreeing prices with her).
Money has value and is losing year after year because prices are climbing. If a Euro 2010 you can buy fewer things with Euro 2005, the money loses value. This is what is called inflation. People understand it costs money, the measure of the value of things can be bought and sold like other commodities, which have a value, or may be free. Even sounds like a joke, eh, that money is free.
entoces when I heard the concept that money is debt .
I began to see the explanatory videos on Youtube and could not understand. The Banking Cultist made this post with some interesting links: Defrauding banking.
I still do not understand. Economics is not my thing. Until I saw the movie Contestant , which is explained more easily. It is directed by Rodrigo Cortés , now known by the film of the type buried in a box, and I can not say it's a good movie, is, like much of English cinema, a film thesis. That is, that the director is both the screenwriter and instead of telling a story presents a thesis that we have about a topic of interest. And who likes the subject, congratulations. It seems that even knew how to finish.
But it has the great merit of explaining in an accessible form that money is debt. And just so I recommend everyone to give you an opportunity for your viewing at minute 42. That is what appears in the video below:
Once created the coin is stored in the bank. There are only 100 coins. The bank pays 10 coins to 10 people. But with interest rate risk since the loan is not returned, each of the 10 people must return 11 currencies after a year. But ... there are only 100 coins, not 110. Where do you go out the 10 missing coins?
And so all over the world are in debt and are not sovereign, and there is no real democracy. And so we live in a crisis and unemployment over 20% in Spain . And by pressing a button popping up 150,000 million euros goes to the English banks to Saanen their damaged credit , but that money is not printed but is virtual and exists only because someone has given the button, but there as debt and we will club together with the increase in VAT, and praying not to end like Greece or Ireland. And so I spent a year without sparing a single euro.
This video and film is only the beginning. I recommend anyone interested to listen to the radio program that links the article Cultist Banking, Internet search (words like "ATTAC" or "NAIRU" should be common knowledge), watching documentaries, reading books ...
And if we take all the money we have in the bank on December 7 , banks do not have sufficient cash and the thing can be finished in corralito to Argentina. But people are asleep and afraid and will not be able to hurt the banks. I do not know if it will be worse one or the other, but just in case I'm going to make $ 1,000 by day 7 , lest they miss me cash this Christmas.
... A little music to end:
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