The new documentary has also been seen over half a million times - nearly 200,000 times for the original version, that Bill Still's uploaded in october 2010, and over 314,000 times for a revised version uploaded in january 2011. I am in awe. Bill Still, the journalist who was behind both films is truly outstanding. His analysis of the causes of misery in the world is quite devastating, and his solutions are so simple.
Here's the brief synopsis:
"The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt". Remember: It's not what backs the money, it's who controls its quantity."Bill Still's speech to the Sovereignty.org.uk group at the end of the film is truly inspirational. Here's a bit of what he says.
"Mr Obama has stimulated the US economy with about 2 trillion dollars, but here's the problem. He's borrowed the money. So, he's borrowed the money, mostly from the big banks, with interest attached. And then what has he done? He's simply turned around and then given this money, GIVEN IT, back to the banks. Supposedly to lend to us.Please watch this film. I cannot believe that an intelligent person can watch it without having their view of the world transformed. And it doesn't hurt that the film also includes some other of my favorite people - like Ellen Brown and James Robertson!
What kind of a system is this?! It's insane. You couldn't design a worse possible system.
Banks must stop lending money they do not have. This, as we all know, is called the fractional reserve lending system. It allows banks not to lend out twice as much money, not three times as much money, but ten to twelve times as much money - if they follow the rules!
And, as we know, with the results of the 2008 debacle, here at least in the United States, the big banks were leveraged 50 and 52 to one, Freddie and Fannie were leveraged 72 to one, Goldman Sachs was leveraged 333 to one, and then six months ago Mr Obama gets on TV and says "You know, I think that we should just eliminate the reserve requirement altogether". So 333 to one is not enough - only infinity will do.
If you or I did this, we would be charged with fraud and/or counterfeiting."
Finally, I note that Bill Still was running for president as a candidate for the Libertarian Party! Here's what he has pledged to do if elected:
I announce my candidacy for the Libertarian Party nomination for President of the United States. Now here’s my promise to you; if elected as your President, I will take office on January 20, 2013 – interestingly, that occurs on my 65th birthday. I promise that on that day, I will do three things:
1. I will put an end to government borrowing. No More National Debt! The United States will replace Federal Reserve Notes by re-issuing debt-free U.S. Notes, and gradually pay off the National Debt with them.
2. I will put an end to the ability of commercial banks to control the Quantity of money in our system through what is essentially counterfeiting. This has been a massive fraud on the people of the United States. We, the people, will take back the money power from the big banks and return the American economy to monetary stability and prosperity.
To ensure this system is enforced, I will appoint a Special Prosecutor experienced in matters of fraud to prosecute to the full extent of the law those who have abused our system in the past to serve as an example for the future.
Unfortunately, the Libertarian Party recently decided to nominate Gary Johnston as their candidate. A real shame.3. I will abolish the Internal Revenue System and the income tax – both personal and corporate – and implement a fair, simple and equitable consumption tax in accordance with the U.S. Constitution. This is how we funded our government for the first 100 years, and we can do it again.
Are there any European politicians offering us the same options?