Killed The Cat

January 24, 2008

Seth Godin does have a knack for stating the obvious / rephrasing what is already well known. The fact that he makes a very good living out of it shows that a lot of people have a habit of unnecessarily complicating things. Like those incurious bankers in CitiBank and Merril Lynch. Now that people outside the rarefied circles of financial engineering are becoming belatedly curious about CDOs and other esoteric beasts, it seems the bankers don’t actually know where they’ve squirelled away their imaginary money.

Not to worry, interest rate cuts will sort out anything.

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Money As Debt

November 6, 2007

How banks invent money. Worth watching even if you think you know how money works. This animation makes a lot of important points in a very straightforward way. It shows exactly how the current system, which relies on constant growth, is fundamentally broken. In my opinion, this growth requirement has had severe negative effects on political systems and society in general.

Of all the numerous historical quotes used, this was my favourite

Whosoever controls the volume of money is any country is absolute master of all industry and commerce. And when you realise the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.

James A. Garfield 

whilst this was the scariest

We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries.

David Rockefeller at the Bilderberger Meeting of The Trilateral Commission, June 1991, Baden, Germany

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