Money As Debt II: Promises Unleashed

Synopsis: A documentary that explores the baffling, fraudulent and destructive arithmetic of the monetary system that holds us hostage to a forever growing DEBT and how we might evolve beyond it into a new era.
Actors: Bob Bossin
 
IMDB:
7.5
Year:
2009
77 min
117 Views


Start

If two parties instead of being a bank and an

individual were an individual and an individual,

they could not inflate the circulating

medium by a loan transaction,

for the simple reason that the lender could

not lend what he didn't have, as banks can do...

Only commercial banks and trust companies can

lend money that they manufacture by lending it.

Professor Irving Fisher, economist

in his book "100% Money" (1935)

The study of money, above

all other fields in economics,

is one in which complexity is used to

disguise or to evade truth not to reveal it.

John Kenneth Galbraith economist, author

The issue which has

swept down the centuries

and which will have to be fought sooner

or later, is the people versus the banks.

Lord Acton (1834-1902),

English historian

Money as Debt II

Promises Unleashed

Anybody here want lemonade?

For a job well done!

You kids are real go-getters!

It's time we opened

some bank accounts...

so you can put your

money to work for you!

We'd like to open bank accounts please.

We're just like grownups!

Yeah, we have our money in the bank!

Maybe your first experience of putting money in

the bank wasn't quite as hard warming as this...

but odds are years later, you still refer to

the balance showing on your bank account...

is being your money in

the bank, but it isn't.

If we had a deposit box in the bank, the

valuables we put in it are still ours.

We're just renting secure

space to store them.

In common usage, the word "deposit"

means to set something down.

But the use of the word "deposit" to

refer to a bank account is misleading.

The bank deposit is in reality a loan.

With the amount in our bank account really

indicates is how much money the bank owes us.

It's a record of the bank's promise to pay

us money not the money we deposited itself.

The difference is important.

The truth is when we hand the contents

of piggy bank to the bank teller...

our money becomes the bank's

money to do with it as it pleases.

All the money in the bank is the

bank's money, none of it is ours.

That's why the bank pay us interest,

we have loaned the bank our money.

This may seem to be a

semantic distinction.

We know, we can go to the bank at any time

and take our money out in cash if we want to.

But the distinction is not

semantic nor is a trivia.

The distinction is crucial.

What happens if banking affects everyone

and yet few of us know anything at all...

about how banking really works?

The entire world economy now runs on

a system of credit provided by banks...

and when that credit system

breaks down, everyone suffers.

Defaults, foreclosures, bankruptcies,

bank failures, gov't bailouts.

To make things worse, the explanations for

these break downs offered by the experts...

never look at the root cause.

Namely that other than cash and coins which

make up just 1-5% of money in circulation...

all the money in existence today was

created as the principal of a bank loan

with the banks requiring

principal+interest as so called repayment.

Not only does this make the existence of money

entirely dependant on the existence of bank credit.

It makes the system as a whole bankrupted by design as

total debets (principal+interest) exceed total assets

from the moment the first

loan document is signed.

As the global banking system

staggers towards worldwide collapse...

more and more people are realising they can no longer

ignore the realities behind banking as it is practiced today.

Many have lost their homes and jobs due

entirely unastainable practises of money lenders.

Rate this script:(0.00 / 0 votes)

Discuss this script with the community:

0 Comments

    Translation

    Translate and read this script in other languages:

    Select another language:

    • - Select -
    • 简体中文 (Chinese - Simplified)
    • 繁體中文 (Chinese - Traditional)
    • Español (Spanish)
    • Esperanto (Esperanto)
    • 日本語 (Japanese)
    • Português (Portuguese)
    • Deutsch (German)
    • العربية (Arabic)
    • Français (French)
    • Русский (Russian)
    • ಕನ್ನಡ (Kannada)
    • 한국어 (Korean)
    • עברית (Hebrew)
    • Gaeilge (Irish)
    • Українська (Ukrainian)
    • اردو (Urdu)
    • Magyar (Hungarian)
    • मानक हिन्दी (Hindi)
    • Indonesia (Indonesian)
    • Italiano (Italian)
    • தமிழ் (Tamil)
    • Türkçe (Turkish)
    • తెలుగు (Telugu)
    • ภาษาไทย (Thai)
    • Tiếng Việt (Vietnamese)
    • Čeština (Czech)
    • Polski (Polish)
    • Bahasa Indonesia (Indonesian)
    • Românește (Romanian)
    • Nederlands (Dutch)
    • Ελληνικά (Greek)
    • Latinum (Latin)
    • Svenska (Swedish)
    • Dansk (Danish)
    • Suomi (Finnish)
    • فارسی (Persian)
    • ייִדיש (Yiddish)
    • հայերեն (Armenian)
    • Norsk (Norwegian)
    • English (English)

    Citation

    Use the citation below to add this screenplay to your bibliography:

    Style:MLAChicagoAPA

    "Money As Debt II: Promises Unleashed" Scripts.com. STANDS4 LLC, 2022. Web. 2 Jul 2022. <https://www.scripts.com/script/money_as_debt_ii:_promises_unleashed_13961>.

    We need you!

    Help us build the largest writers community and scripts collection on the web!

    Watch the movie trailer

    Money As Debt II: Promises Unleashed

    The Marketplace:

    Sell your Script !

    Get listed in the most prominent screenplays collection on the web!


    Browse Scripts.com

    The Studio:

    ScreenWriting Tool

    Write your screenplay and focus on the story with many helpful features.