The Money Trap – How the banks lure you into debt

also see ” Money as Debt ” video – In the US , banks are allowed to lend further 10 percent of the money they lend. Also , as the money lended is freshly created money on which they sometimes make comfortable interests , it will most probably come back into a bank account within the banking system , allowing the bank to lend even more money – as banks in the US have the right to lend 9 times more as the amount of money ( ones and zeros ) they have on their accounts.

Also , as there is interest on money created , to be able to pay off theinterest , ever greater amounts of money need to be created , and therefore lended from private banks , leading to a unlimited system of enslavery to the financial system. All banks need to do to take over on the whole economy , is to stop to process of new money creation through new lending of money , to trigger a endless domino fall of bankrupcies , which then fall into the control of the banks. But even when it is not so , more and more of the population ends up into debts it can not repay , and only the biggest and most powerful corporations and those that have the most money and can use this money to get even more money , can survive. The rest will eventually sink into debt , end up being enslaved into the system , untill , eventually , they loose everything but their skills , and eventually end up into wage slavery , if there is still a job for them : http://en.wikipedia.org/wiki/Wage_slavery

It is time to develop new economics , new priorities for our society !

The Century of the Self – BBC Video Documentary

About ” The Century of the Self ” :

extract from http://www.bbc.co.uk/bbcfour/documentaries/featuresu003cWBR>/century_of_the_self.shtmlnu003c/a>u003cbr>u003cbr>u003cfont styleu003d”font-style:italic”>u003cfont>u003cfont sizeu003d”2”>u003cfont faceu003d”Arial, Helvetica, sans-serif”>Tonmany in both politics and business, the triumph of the self is thenultimate expression of democracy, where power has finally moved to thenpeople. Certainly the people may feel they are in charge, but are theynreally? The Century of the Self tells the untold and sometimesncontroversial story of the growth of the mass-consumer society innBritain and the United States. How was the all-consuming self created,nby whom, and in whose interests?u003cbr>u003cbr>u003c/font>u003c/font>u003c/font>u003c/font>u003cfont>u003cfont>u003cfont sizeu003d”2”>u003cfont faceu003d”Arial, Helvetica, sans-serif”>About ” The Corporation ” : u003cbr>u003cbr>extract from u003ca hrefu003d”http://en.wikipedia.org/wiki/The_Corporation” targetu003d”_blank” onclicku003d”return top.js.OpenExtLink(window,event,this)”>nhttp://en.wikipedia.org/wikiu003cWBR>/The_Corporationu003c/a>u003cbr>u003cbr>u003c/font>u003c/font>u003c/font>u003c/font>u003ci styleu003d”font-style:italic”>u003cb>The Corporationu003c/b>u003c/i>u003cspan styleu003d”font-style:italic”> is a u003c/span>u003ca styleu003d”font-style:italic” hrefu003d”http://en.wikipedia.org/wiki/2003_in_film” titleu003d”2003 in film” targetu003d”_blank” onclicku003d”return top.js.OpenExtLink(window,event,this)”>n2003u003c/a>u003cspan styleu003d”font-style:italic”> u003c/span>u003ca styleu003d”font-style:italic” hrefu003d”http://en.wikipedia.org/wiki/Canada” titleu003d”Canada” targetu003d”_blank” onclicku003d”return top.js.OpenExtLink(window,event,this)”>Canadianu003c/a>u003cspan styleu003d”font-style:italic”> u003c/span>u003ca styleu003d”font-style:italic” hrefu003d”http://en.wikipedia.org/wiki/Documentary_film” titleu003d”Documentary film” targetu003d”_blank” onclicku003d”return top.js.OpenExtLink(window,event,this)”>ndocumentary filmu003c/a>u003cspan styleu003d”font-style:italic”> critical of the modern-day u003c/span>u003ca styleu003d”font-style:italic” hrefu003d”http://en.wikipedia.org/wiki/Corporation” titleu003d”Corporation” targetu003d”_blank” onclicku003d”return top.js.OpenExtLink(window,event,this)”>corporationu003c/a>u003cspan styleu003d”font-style:italic”>n,nconsidering it as a class of person and evaluating its behaviourntowards society and the world at large as a psychologist might evaluatenan ordinary person. This is explored through specific examples.”,1] ); //–>/documentaries/features/century_of_the_self.shtml

To many in both politics and business, the triumph of the self is the ultimate expression of democracy, where power has finally moved to the people. Certainly the people may feel they are in charge, but are they really? The Century of the Self tells the untold and sometimes controversial story of the growth of the mass-consumer society in Britain and the United States. How was the all-consuming self created, by whom, and in whose interests?

More on the series:

Episode One: Happiness Machines
Episode Two: The Engineering of Consent
Episode Three: There is a Policeman Inside All Our Head: He Must Be Destroyed
Episode Four: Eight People Sipping Wine in Kettering