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Collapse of the American Dream Explained in Animation We're Doomed. Pass It On
This has been quite the eye-opener to me. While I do agree to this message, I just wish they hadn't been so strong in it. Perhaps this is the only way some people will get it, but too me, they almost seemed too cartoonish and wacky. But then again, these are sad and weird times that we live in where I'm willing to believe that a small group of people can own and run a nation from behind drawn curtains. Stay aware everyone, and never be afraid to ask questions. But also, don't simply base yourself out of one source. If you feel empowered by this film, go do some research. Don't simply take all of it to the letter. Form your own opinion on the matter. Make your own mind.
fractional lending is just part of the problem, the problem is that you don't have a choice in currency that you use. the federal reserve note is enforced as a currency by force. If you wanted to use your own currency that wasn't based on fiat, they'd charge you with breaking the law.
I'm so sick of everyone blaming only the banks, only the government, and only the people. It's EVERYONES fault. The government for letting the federal reserve set it's own policy and the government encouraging home ownership for everyone. The banks for giving home loans to people who should be unqualified; then organizing them into shady mortgage-backed securities. Then the people who lived outside their means, no you don't need a large house, you're making $45,000 a year. Also, the last thing a bank wants to do is foreclose on a house, THEY LOOSE A SHIT TON OF MONEY then they have to sell the house that was worth $160,000 in 2006 for less than half of that in 2009. So it's YOUR fault government for making shitty policy. It's YOUR fault banks for giving out shitty loans. Last it's YOUR fault scumbag joe for living beyond your means!
It's a fictional video but, the man lost his job and so yes, could no longer afford his new house. They don't discuss how he lost his job. Did you imagine that he was at fault for loosing his job? Sure if someone were uncertain about the state of their affairs purchasing a home probably wouldn't be a very good idea. Apparently the video needed a couple more minutes to lay out the story line for this person to make the video more plausible.
The video is pretty heavy handed against certain bank practices, but there are clearly parts where it is explained that banking is a good system. The problem is when banks take your none invested funds and loan them out to other persons. Fractional banking systems work fine as long as there is very little to zero instability and uncertainty. Otherwise, the system is built on a sand with a paper foundation. When the system crashes it crashes hard. It will take years to repair the damage from what happened in 2008 - funny thing is the systems that caused the damage were never fixed to keep this from happening again. How's that for a bunch of bull.
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