97% Owned

The documentary focuses on money, and how it's made, and the economic and social repurcussions of the process and how banks are exploiting this process for profit.

In fact, it seems the writers and even the people interviewed during this documentary have really no idea of how finance and the economy works... at all. Clearly the directors showed only one side of the story, so it is not without bias that they are getting their point across and luring viewers with the idea that it is all an evil and corrupt system. I'm not questioning whether or not the system is corrupt, or outdated in policies and processes, but the fact of the matter is that the information given in this documentary is incorrect about the money system.

Viewers, be advised to do your own research before considering this the de facto exposé of the money system.

Wasn't an easy watch, I couldn't think clearly, so I will likely have to revisit. Sheds light on how debt and money creation works, and feeds on the fact that money is now mostly paperless. It is put together in a way that leads the mind to think of conspiracies, yet that's natural since whatever we consider could be considered by ones with access as well. As with most documentaries there has to be an allure, a selling point, and this is no different albeit lays down many facts the average person wouldn't normally think about. Maybe I will check out the book that it's largely based on which is listed near the end.

I consider myself to be a relative Intelligent person, but had a truly hard time understanding all of the ins and out of this documentary. While the topic is definitely important and interesting, the makers fail at creating a documentary that average people can understand.

Part of this has to do with the lack of a clear story line. You feel that all of the contributing interviewees have important information, but the total of chunks of information do not lead to a whole that is clear understandable and mor than the sum of its parts.

What also does not help are:

+ The very monotone comment that is unable to draw you into the subject matter.

+ The at times poorly communicating infographics.

+ The seemingly random scenes from black and white moves that bear no clear relation to the topic

The topic is relevant and interesting, but will never reach a really large audience simply because no one seems to have ever really thought about the best way to inform a large audience in a way that they can understand. This one is basically and foremost only for those with a university degree in economics, and therefore by definition for the elite that has no interest in changing things for the better of all of us. A missed opportunity and such a shame.

Looking forward to a more accessible documentary on the topic.

This is a very informative and powerful flick about the nature of our monetary system and how it came to be. It explains that most money is created basically out of thin air and that money is debt. Most people think that banks lend money out of deposits but in fact every time a bank lends money to you it creates that money out of nothing and creates your debt to them at the same time. Similarly, Government spending isn't funded by tax receipts, it occurs electronically and taxes just exist to reduce inflation. This film explains that austerity is a failed policy and criticises asset speculation such as on property and during the tulip fever and it does a good job doing so. One way in which it is a bit lacking though is suggestions of credible solutions - it suggests a tax on currency speculation and says that we should aim for a system where various national currencies are based of a 'basket' of different assets or based on energy consumption in kWh rather than being entirely fiat, iow based on nothing. It should really be more explicit in advocating redistributive taxes and nationalisations such as for the Bank of England and a 'quantitative easing for the people', by which I mean money should be created out of thin air and spent on, not lent to, poor individual and SMEs and more generally spent in potentially productive sectors of the economy like manufacturing, education and healthcare rather than parasitic sectors like banking (and the FIRE sector more generally).

Explains the introduction and impact of Britain and The USA adopting Fractional Reserve Banking System.