The other day I saw
this video.
And I came across many more videos saying more or less the same.
It is very clear that the people behind such videos are against the current system.
That makes the message that they are spreading and explaining a bit colored.
Now, I'm not an economist. I really don't know how much of it is true (maybe all, I don't know).
I'm hoping that there are people roaming these forums that have more understanding of the subject, and would take some time to explain some stuff.
Because I'm thinking that every system has its flaws, but our current system can't be all bad, right?
I suspect some nuances can be made regarding this subject.
Here are some questions that I have about this video:
- Does it really work as the video claims it to be?
- Does the same yield for the Euro or Yen for example?
- Would a gold standard really solve all our problems, or would it create others?
- Why would a sovereign country give the right to make money to a private corporation with stockholders, so that they can collect interest? They could just do it themselves without having to pay interest.
- Does it really only work if the system collapses every 150 years or so, which would be the logical future as pictured by the video?
- If the current system only works if new debt is created to pay the interest on the principle, why aren't a lot of economists rebelling against it?