Money As Debt

I've been meaning to share this video about money, loans, mortgages, banking, and the entire system with you all, for a few weeks now. To be honest, the first time I watched it, some parts blew my mind. This video completely, and interestingly, explains just why our country is in the situations it's in. Our banking and lending systems are the most backwards systems I've ever seen! Here's a quote from the video. "All debts paid off, leaves society with no money." Yep. It's true. The following sentence in the video is "We are totally dependent on continually renewed bank credit for there to be any money in existence." So, do you know why? Because banks just create money out of thin air!

I assume we all know that loans are made against deposits made by the general public. And most people probably already know that the banks lend more money than they have on deposit. But the full truth is even more far removed than that. It's so backwards that I'm just going to let the video explain it all.

I really hope you'll ALL take time to watch the video. Even if you can't watch the whole thing, if you can even watch a portion of it, I'll bet you'll learn so much that you'll be kicking yourself for what you've previously believed. Even the experts are either intentionally misleading us, or they're just as clueless as everyone else. Before you watch the video, you should ask yourself, "Where does money come from"? (Pardon the improper grammar) Really think about it. Where do you think money comes from? If you think you know, proceed to watching the video. If you don't have a clue, you're about to have a rude awakening. I think that many of us have certain expectations from our government, and the systems it endorses. (And we've been repeatedly let down.) I personally have come to almost despise our government, and large corporations, so although this video shocked me, it also cemented my opinions on many levels.

PLEASE watch this video! If you don't have time to watch it now, I suggest you bookmark this blog for a later date, when you do have time to watch it. Or, bookmark the video itself, in your internet browser so you can go straight to the video.

Also, since the video and the Wikipedia link I provided below, explain the way banking and lending used to work (did you know it was insurance companies who made the first mortgage loans?), then compares it all with today's lending system, I got curious and looked up the Wikipedia definition of the old Savings and Loan Institutions, and then the FDIC. What I found was far more elaborate than simple definitions. So if you're still curious, or if you've now stepped through the portal that causes you to go on a witch hunt (like I have), you'll probably want to investigate the links I've included. And with that, I'll let you now just watch the video... "Money as Debt".

If you're interested in buying or selling real estate in the Daytona Beach area, make a Smart Choice and contact Lisa Hill with Adams Cameron & Co., REALTORS. And if you need mortgage information, Lisa will also be happy to provide you with a list of local mortgage lenders and brokers, or recommendations of mortgage lenders and brokers right here on the Active Rain real estate network.