The Secret of Oz (2010) documentry discussion; solution to economic crisis?

[Shogun]

The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - YouTube


I know I'm late on this, and I apologize if this has been discussed on here already, but I just caught this shyt last night

If you havent seen this documentary its a must see. I've always been somewhat confused when it came to our Government financial processes, but this shyt made it crystal clear.

For those of you who have seen it, what are the responses/critiques of its major implications? Like I said, I'm far from an economic expert, but this made me feel like I needed to get out on the street and start screaming for a debt-free monetary system

This shyt hit me hard brehs, got me thinking I might want to move to North Dakota

 

[Shogun]

no other greenbackers around here?

 

[Julius Skrrvin]

subs ill give it a watch later

 

[Black smoke and cac jokes]

Interesting documentary but, in short, increasing production of debt free currency to pay of INTERNATIONAL loans will not increase the American money supply but instead devalue the dollar.

 

[Shogun]

Interesting documentary but, in short, increasing production of debt free currency to pay of INTERNATIONAL loans will not increase the American money supply but instead devalue the dollar.

true, but if I understand it correctly, the vast majority of our debt isnt international debt....its a result of fractional reserve loans. unless i got it fukked up

 

[Black smoke and cac jokes]

true, but if I understand it correctly, the vast majority of our debt isnt international debt....its a result of fractional reserve loans. unless i got it fukked up

As of January 2011, foreigners owned $4.45 trillion of U.S. debt, or approximately 47% of the debt held by the public of $9.49 trillion and 32% of the total debt of $14.1 trillion.[70] The largest holders were the central banks of China, Japan, Brazil, Taiwan, United Kingdom, Switzerland and Russia.[72] The share held by foreign governments has grown over time, rising from 13% of the public debt in 1988[73] to 25% in 2007.[74]

- United States public debt - Wikipedia, the free encyclopedia

The largest portion of U.S. debt, 68 cents for every dollar or about $10 trillion, is owned by individual investors, corporations, state and local governments and, yes, even foreign governments such as China that hold Treasury bills, notes and bonds.

Foreign governments hold about 46 percent of all U.S. debt held by the public, more than $4.5 trillion. The largest foreign holder of U.S. debt is China, which owns more about $1.2 trillion in bills, notes and bonds, according to the Treasury.

In total, China owns about 8 percent of publicly held U.S. debt. Of all the holders of U.S. debt China is the third-largest, behind only the Social Security Trust Fund's holdings of nearly $3 trillion and the Federal Reserve's nearly $2 trillion holdings in Treasury investments, purchased as part of its quantitative easing program to boost the economy.

- U.S. Debt - How Much China Owns

(CNSNews.com) - The money the U.S. government owes to foreign entities rose to a record $5.2923 trillion in June, according to data released by the U.S. Treasury Wednesday afternoon.

In May, the U.S. Treasury had owed $5.2581 trillion to foreign entities. On net, in June, the U.S. government borrowed an additional $34.2 billion from foreign entities in order to fund U.S. government operations.

- U.S. Government's Foreign Debt Hits Record $5.29 Trillion | CNS News

Now the documentary is totally right, the money supply should be controlled by the government or other "public held" institutions but the problem is that it is too late to make such a drastic change in the monetary policy. If they somehow can avoid the short-term collapse of GDP and increase in inflation, they still won't catch up to the interest rate. There is a lot of factors to a good economy and the documentary shows the fundamental changes that needs to be made, but its a little too late.

 

[Shogun]

- United States public debt - Wikipedia, the free encyclopedia



- U.S. Debt - How Much China Owns


- U.S. Government's Foreign Debt Hits Record $5.29 Trillion | CNS News

Now the documentary is totally right, the money supply should be controlled by the government or other "public held" institutions but the problem is that it is too late to make such a drastic change in the monetary policy. If they somehow can avoid the short-term collapse of GDP and increase in inflation, they still won't catch up to the interest rate. There is a lot of factors to a good economy and the documentary shows the fundamental changes that needs to be made, but its a little too late.

 

[Black smoke and cac jokes]