Four Horsemen – Feature Documentary – Official Version

people are awfully forgiving or that they just don't understand you know what's been done to them we are at an epochal shift we're at a point where the West could tip into a complacent and quite well off redundancy or we could pay a decisive role in the future what the bank's did was reprehensible that was why there was the outrage of agree the bankers when we gave the money that was supposed to help them lend to others but they decided to use that money to pay themselves bonuses for what for record losses we are governed by corporations today often by corporations that don't have very much interest in the United States of America I don't know what happened man what happened to the United States and what so far in the ditch you know what at what moment did it all go back was it disco was it was it Donna Summer is that what killed America we are entering the age of consequence a rapacious financial system escalating organized violence abject poverty for billions and the looming environmental fallout are all converging at a time when governments religion and mainstream economists have stalled new conquest famine and death the four horsemen are coming this is not a film that sees conspiracies it's not a film that mongers fear it's not a film that blames bankers or politicians it's a film that questions the system's we've created and suggests ways to reform them over centuries systems have been subtly modified manipulated and even corrupted often to serve the interests of the few we have continually accepted these changes and because man can adjust to living under virtually any conditions the trait that's enabled us to survive is the very trait that has suppressed us most societies have an elite and elite to try to stay in power and the way they stay in power is not many by controlling the means of production to be Marxist ie controlling the money but by controlling the cognitive map the way we think and what really matters in that respect is not so much what is actually said in public but as what is left unabated unsaid for centuries gatekeepers have manipulated our cognitive map but in 1989 a computer scientist by the name of Tim berners-lee implemented the first successful communication between an HTTP client and server the world wide web was born it has since unleashed a tsunami of instantly accessible freely available information just as Gutenberg's printing press wrestled control of the cognitive map away from an ecclesiastical and royal elite today the Internet is beginning to change governments finance in the media we are at the cusp of change but to enact it we must first understand the things that have been left unsaid for so long to do that we need context from people who speak the truth in the face of collective delusion because to understand something is to be liberated from it the end of World War two we had 50% of the world's gross domestic product we were making fifty four thousand airplanes a year seven thousand ships etcetera etc and we were the new Rome and we recognized it and devised the power management scheme in the 1947 National Security Act – we thought manage it and it worked fairly well during the Cold War but we haven't done anything since and I think that's another sign of our inability to grasp the new world if you will empires do not begin or end on a certain date but they do end and the West has not yet come to terms with its fading supremacy at the end of every Empire under the guise of renewal tribes armies and organizations appear and devour the heritage of the former superpower often from within in his essay the fate of Empires the soldier diplomat and traveler leftenant General Sir John Club analyzed the life cycle of Empires he found remarkable similarities between them all an empire lasts about 250 years or ten generations from the early pioneers to the final conspicuous consumers who become a burden on the state six ages defined the lifespan of an empire the age of pioneers the age of conquests the age of Commerce the age of affluence the age of intellect ending with bread and circuses in the age of decadence there are common features to every age of decadence an undisciplined overextended military the conspicuous display of wealth a massive disparity between rich and poor a desire to live off a bloated state and an obsession with sex but perhaps the most notorious trait of all is the debasement of the currency the United States and Great Britain both began on a gold or silver standard long since abandoned Rome was no different so it started on a principle that was very sound and it was on a silver standard but as it corrupted further and further and further the Roman daenerys got to the point where it was basically a copper coin and they learned how to play and it was washed in silver and in circulation the plating came off and at the end all the senators that really did at one time represent the people only were interested in representing how much wealth they could steal at the top great Empire wealth always dazzles but beneath the surface the unbridled desire for money power and material possessions means that duty and public service are replaced by leaders and citizens to scramble for the spoils historically all the signs of the demise of Empire are beginning to develop some are more trenchant than others this current financial and economic crisis that sort of thing always accompanies the demise of Empire the people of Rome were constantly being distracted by the gladiatorial events and the politicians knew that they did this whenever there was unrest among the people they heard huge event going on they created a new event with lots and lots of gladiators every day we're doing that that is that is a common trait of declining empires and so today in the United States for example you find a tremendous emphasis on all kinds of television programs that distract people from what's really going on sports is a big part of that as it was some party at a times in essence we've been lulled into a lethargy and we've accepted that just as our sport stars today on vast sums so did Roman charioteers in the second century one by the name of Gaius Apuleius Diocles amassed a fortune of 35 million sister C's in prize money equivalent to several billion dollars today strangely perhaps there's another profession that is disproportionately hallowed as an empire declines the Romans the Ottomans and the Spanish all made celebrities of their chefs and this again is typifying the end of an empire where things were so great we have this last point of momentum that we used to be great and we felt great and we don't feel it anymore so everyone is out searching for it well maybe it's in the best food or the best clothes or the best music or the best movies or a reality TV show or another magazine but you can never get enough of what you don't need what you need is a strong moral conviction that is pervasive throughout the society and integrity reigns there's a vast apathy there's a vast a moralism even a political nature to it that is to say there are vast numbers of people who don't give a damn and so there's this this natural I suppose entropy any living organism which an empire is of course over time dies question is how does it die does it die devour cascade of events or does it die over a long period of time the baby boomer generation were born into this age of decadence perhaps unwittingly they've broken the unspoken intergenerational contract through unfettered consumerism spiraling house prices and a desire for eternal youth the baby boomers have squandered future generations inheritance my generation the generation right after my generation I think we forgot that little phrase in the preamble to our Constitution which says and our posterity all of a sudden it became us period the baby boom generation which I'm a part of has gone and done the biggest miss allocation of capital in the history of mankind we have had cheap oil or cheap energy is a better way to phrase it we've had an abundance of ideas and we have chosen a system and perpetuated it that is probably one of the worst ways to use the blessings or bestowed upon us and we are going to pay a price for that human beings are inconsistent and paradoxical we hope for peace and immortality but continually invent new ways to destroy each other we're capable of the kindest most noble acts and the most horrific atrocities human beings are complex creatures I mean for example we're capable right now at this minute of acting in such a way as to make it likely if not certain that our grandchildren are going to face terrible disasters and we are consciously acting to accelerate that likelihood even though we all love our grandchildren how can you be more contradictory than that in spite of all the economic activities of last 50 60 70 years since the world Second World War and all the industrialization we have not yet managed to solve the problem of poverty deprivation hunger malnutrition millions of people every night go to bed without food and millions of people are throwing away their food waste on the one hand and poverty and deprivation and hunger on the other hand malnutrition on the one hand and obesity on the other hand what kind of system have we created why with such brilliant knowledge on the planet are we still struggling to distribute well fairly how has the human race developed a flawed system of government and economics that serves the few at the expense of the many and with such poverty in an age of Plenty why have we not had the will to change such a vicious social structure bleed is the fundamental kind of ingredients for the immoral economy become the problem is not that there is not enough in the world people say that there is a poverty we have to create more wealth – there is enough in the world for everybody's need as Mahatma Gandhi said but not for anybody's greed but is it just greed or does it go deeper than that is the problem systemic as a civilization we've obviously we've obviously had had a great run we've done very well we've had the Industrial Revolution we survived that we built a lot of modern military technology we've survived that so far we built a banking system and we're still struggling with that part of it you know it's kind of like when I was working on Wall Street for seven years it had the experience some people would have let's say working at a meat processing plant they become vegetarian and you work on Wall Street you see how these banks like Ballman JP Morgan the other bank to make money when you see money it kind of makes you sick well I think if the people knew what the banking system is up to as Henry Ford said there would be a revolution tomorrow morning the fact is most people think that what a bank does is lend you money that someone else has put in the bank previously but what a bank actually does what a commercial bank does is to create money from nothing and then lend it to it interest if I do that if I manufacture money in my own home it's called counterfeiting if an accountant creates money out of nothing in the company accounts it's called cooking the books but if a bank does it is perfectly legal and so long as you allow fraud to be legalized then all kinds of problems are gonna pop up in the economic systems you can't do anything about private banks create money out of nothing and lended at interest now that sounds absurd when I teach sophomores you know about money and banking and how banks they never believe it and so you have to go through it again and again yes banks really do create money they really do here's how it happens and it's absurd and their right to doubt that that could possibly be what's really going on but it is now if the banking Lobby is very strong they're gonna say well we don't want to change the system in making so much money out of it what we have to do is a try and convince the people that it's their fault that their wage claims are too high and that's why we're having lots of inflation or people are speculating on housing and that's why house prices are going up what they're not gonna say is that this is happening because banks are creating money out of nothing and pumping it into the system and that's why prices are going up but how is it that we've ended up with a system in which banks have the power to create money since 1971 when President Nixon took the United States of what was left of the gold standard the world has operated under a system of money known as Fiat the dollar the pound the Euro are all government fiat currencies Fiat is a Latin word meaning let it be so it is the law that this government currency be money indeed without that legal enforcement and the fact that we must pay taxes with this money that dollar bill or that computer digit that represents a dollar would be pretty much meaningless only the government has the power to assume fiat money but banks can create it through lending over the last 40 years since this system of fiat money became the global norm the supply of money has grown exponentially in fact we've seen the greatest growth in the supply of money in history but who benefits of course those that have the power to issue money governments and banks then those companies and individuals that get this money early they can spend it before the prices of the things they want to buy have risen to reflect the new money in circulation in other words they get services products or assets cheap but prices soon rise so holders of assets such as houses or shares will then see gains without their necessarily being any improvements to the company or house in question often this can lead to speculative bubbles but what about those at the bottom of the pyramid those on fixed wages or incomes those who live in remote areas or those with savings by the time this newly created money has filtered down to them the prices of the things they want to buy have increased their savings buy them less however and their wages remain largely unchanged in some cases they have to take on debt just to be able to afford the things they were previously able to buy which means they have to go back to the banks in reality this process of creating money only redistributes wealth from the bottom to the top of the pyramid and that's that ever-increasing gulf between rich and poor gets bigger and bigger and bigger well when you get off the gold standard and you go into a fiat money currency combined with a fractional reserve banking system you end up compounding debt faster than you can ever possibly produce to support that debt so eventually you're going to find yourself back into debt slavery and that's what's happened in the US for every dollar of GDP for example in the US and now it also creates something like five dollars and fifty cents worth of debt because it this is this is what happens in our economy flips over and basically capsizes and of course the government's solution now to to address all the problems is basically to create more debt you can never get enough of a currency that doesn't work you can print it to kingdom comes but you can't print wealth and you can't get yourself out of debt like making more debt if you could print wealth and Bob Lloyd would be the largest most prosperous country on the planet we all know it doesn't work of the money in the world today 97% it is debt the French philosopher Voltaire once said all paper money eventually returns to its intrinsic value zero for three generations the world watched the fight between capitalism and communism but in the 1980s the Russian economy started to collapse the Soviet Union capitulated and so called capitalism reigned supreme before 1989 we had a battle between communism and the market and in that battle there was a sense of Lex not exposed to flaws in the market economy this is too important of a battle that you don't criticize our team while we're fighting their team and their team associated with authoritarianism with a failure to deliver well-being to their society it was very clear that if you had to choose between these two which was better communism failed first for various reasons I think it was inefficient human rights lack of respect so forth so capitalist West has been continuing in a triumphalist mode thinking ah you know our adversary has failed that means we're doing everything right both systems are trying to do something which is fundamentally impossible grow forever and they're both going to fail one failed first capitalism is going to fail and you know later or it's failing now America right now is in a very interesting position because in the past two three hundred years of its history it's a culture and country which is almost always existed on the assumption that resources could be expanded if there was a problem you always try to deal with it by expanding the pie go west young man and make the pie bigger so that everyone's got a bigger piece now it's very own world where possibly resources are beginning to be more constrained and where it's going to have to divide up that pie and inflict pain on people and that's something which is just not well prepared for how has the country moved so far from the intentions of its founding fathers how has the American dream become so distorted over the last 30 or 40 years capitalism has taken this extreme form and a lot of it goes back to the economist Milton Friedman from the Chicago School and Ronald Reagan and Margaret Thatcher and others buying into these policies that really encourage people to take on huge amounts of death encourage privatization smaller government supposedly although bigger military so actually the government spending goes up deregulation getting rid of rules that govern the people who run our institutions especially our corporations it's as though we suddenly are supposed to believe that the human beings who sit at the top of corporations I don't need to be regulated there's some sort of God's Milton Friedman his protegees the Chicago boys and the neoclassical ideology beat the classical approach to economics and became the framework for what we today call capitalism there are two main competing economic approaches which determine how we humans manage the world and distribute wealth these are the classical and neoclassical schools the classical school favors less government interference more personal autonomy and recognizes that humans cannot function without natural resources the neoclassical school which has a more dismissive view of Natural Resources thinks government should rule the economy solve social problems and leave the free market to look after the distribution of wealth the neoclassical school emerged around 100 years ago due to vested interests desire to protect their assets this meant that neoclassical mathematical models and assumptions were divorced from reality they're based on what ought to be instead of the classical models which are based on what actually is it's these neoclassical models which favor large corporations that have been used to legitimize the financialization of the globe economy championed by Ronald Reagan and Margaret Thatcher neoclassical economics still dominates policymaking today the Reagan Revolution is recording those days obviously the Reagan Thatcher revolution think about it more globally it was a big change in power structure and a big transfer of opportunity and wealth now it wasn't it's not it's not that the poor gave it to the rich it was a transfer within the well-to-do so that the financial sector in particular in the United States for example but also in the UK in some other places became vastly more profitable and set wages in that sector went up a lot I mean we focus on bonuses but it's also base salaries went up overall compensation so there's a transfer from the non-financial part of the economy to the financial part of the economy that actually is unprecedented as far as we can see in in any of the available data to us then talk about all of recorded human history in 1932 in the aftermath of America's great stock market crash a piece of legislation was passed to protect society the glass-steagall Act was introduced to separate ordinary high street banking from Investment Banking sixty-seven years later in 1999 under the influence of Treasury Secretary Larry Summers and his predecessor Robert Rubin President Bill Clinton repealed the glass-steagall Act once again banks could take ordinary depositors money and speculate with it on virtually anything they liked [Applause] Wall Street is has become a very particular type of casino and it's unfortunately not the kind of casino they have in Las Vegas which is you know perfectly legitimate form of entertainment it is a casino that has massive negative repercussions on the rest of society so it's not just losing your money on a few wild nights it's about the way in which those organizations lose their money impacting the whole of society leading to a massive loss of jobs this unfettered gambling pushed the entire global financial system to near collapse with balances and debt obligations larger than the GDP of entire countries the banks had become too big to fail the West was unprepared and bankers met their reeling and disorientated governments you have to bail us out we need money if you don't give us the money the whole thing goes down and what are you going to do with millions and tens of millions of people who have lost everything in their bank account you you will have a revolution on your head so fork over the money borrow borrow the money create it out of nothing and give it back to and give it to us and and and so that we can face our our problems and not go under and or otherwise and this is what mr. Hank Paulson did in the US Congress he's went there one day and he told the world we need seven hundred billion and we need it now or else it's this system we call capitalism really capitalism in a capitalist system government is supposed to be small but today the state is more bloated and invasive than it's ever been individuals and companies are supposed to operate in a free-market good enterprise is rewarded with profit and flawed enterprise with failure but during the 2008 banking crisis the people saw the Western economic system divided in a way they were told could never happen socialism for the rich capitalism for the poor and in America for example the banks that got in trouble got bailed out by the government that's socialism and they people are arguing against socialism in America and yet there's probably most socialist country in the world right now we have a system which isn't even of koper capitalist system which people make mistakes that they don't get punished a poor people make mistakes that they get punished or even worse that they don't make any mistake and they are forced to pay for the mistakes of the rich when the taxpayer is footing the bill for the misplaced speculation of bankers then suddenly instead of the economy serving the human being the human being is now in perpetual service to a moral financial organisations it was the head of the Federal Reserve Bank Alan Greenspan who after 9/11 slashed interest rates to encourage lending bankers needed new participants to keep cash flowing into a system that had become a global pyramid scheme all this newly created money entered the housing market and created unprecedented inflation house prices rose and rose new mothers were forced back into the workplace to service huge home loans and the Anglo American dream became all about land speculation the housing market in the West isn't about ownership the housing market in the West because it's the only way ordinary people can get ahead and ordinary people can't get ahead but by wages what we've created a mass bubble economics around housing does that sixy in a huge amount of capital takes capital for genuine innovations in the economy and puts it into a speculative use that has no genuine productive outcome it's interesting if you talk to people in Germany for example they don't see a connection between owning a piece of property and they're being inclined towards being democratic there's lots of people who rent their housing there and they're perfectly comfortable with that arrangement but it is true that in somewhat different contexts both mr. Reagan and mrs. Thatcher pushed for more people to own housing and actually this is part of the problem because if you push people to buy housing before they're ready and if so if you if you push very dubious loans on them and they don't understand what they get themselves into you can have huge adverse repercussions exactly what led to in part the subprime housing crisis in the United States that's not hidden things do is mock recei that's just a bad economic idea the breakthrough that occurred around the year 2000 in the United States was when bankers found out that the poor are honest and they realized that if you're poor if you're not rich you have a different set of values and you think that a debt is a debt and it's something that has to be paid and the people will try to pay the debts that they're stuck with even if the debts are not valid even if the debts are much more than I expected even if they real can't pay the debts the London and banking institutions when they drew up contracts with interest rates with flexible interest rates I think they knew in the beginning that these problems were gonna come back later on where folks weren't gonna be able to afford the mortgages as the interest rates increased they put a lot of people in situations where they were taking food out of refrigerators I've taken kids out of higher education they're not able to afford college anymore and it is making a really really bad situation worse the banks engaged in what was a criminal conspiracy to charge more to the blacks and Hispanics the banks got together backed the Bush administration to block the state prosecutions of racial lending in order to exploit and charge more to the minorities these are loans which were made by one of the major lenders in the city and in this country Wells Fargo in which Wells Fargo targeted minority communities in the city put borrowers into loans that they could not afford put borrowers into loans that that were of the subprime variety therefore more expensive and less advantageous to the borrowers hiding predatory lending practices in the small print of complex financial products was only ever going to enrich one set of interests many of the communities in which African Americans live in the city were establishing momentum there was development activity that was occurring we were seeing signs of vitality in many of these communities and the results of the Wells Fargo foreclosures and the subprime lending practices of that lender and others has significantly impaired that progress and and brought it to a halt ain't not worrying about they don't don't come in the heart of it like you in the heart of it so you see don't really see the struggle if they don't come in the heart of it they send outside of it that's like looking at a cover of a book and saying that outside of the center outside of a book but if you don't go inside the book then you'll never know what the book about so they're not worrying about nobody else but they selves and I think it's wrong because if they come in the heart and they say they'll be willing to help what happened in Baltimore is just one example of what is happening all around the world one way to frame this injustice is by branding it a race issue but when we look really closely we can see that there is something at play here that transcends race profit not an accident for instance that we had the deregulation in our financial industry that was such a disaster the lobbyists of the finance industry amount to five per Congress persons they pay five people for every congressman to explain to them persuade them that they should pass legislation that is favorable to financial industry the poor people who are devastated don't have the money they couldn't hire five per congressman so the way our our democracy works it's an unlevel playing field the financial sector is acquired enormous power partly through political contributions so buying favors but mostly through ideological control convincing people that finance is good more finance is better and unregulated finance without limit is best and that is really the the cornerstone of this what we call in United States the wall street Washington corridor I mean if people need any proof as to who's controlling Washington when the bailout came after Lehman Brothers collapsed 80% of the population was against the bailout notwithstanding that they Congress passed the bailout just showing in my view anyway that it's really under the control of banking interests it's not a reflection of good democracy when a company group of companies and industry says our interests are more important than the national interest how can that happen very easy next the role of campaign contributions lobbying in America's political structure we have a flawed democracy there's an advanced oligarchy in the sense that it's main mechanism of control if you like is through convincing people that you really need for example the six biggest banks in the United States in their particular in the particular form they exist today with the very light level of regulation and if you don't have them if you try to change that all kinds of awful things will happen and this is not really blackmail I mean it sounds like blackmail but they convince you it's not right now let's just test the way the world is there's nothing you can do about it oh my goodness you just have to cooperate with them yeah it's very colorful the Fed is essentially the lobbyist for the commercial banking system when you say you want to turn regulation over to the Fed you're saying the financial sector and Wall Street should be self regulated and the Wall Street has veto power over whoever is going to be the head of the Federal Reserve as long as you give veto power over the regulators to Wall Street as long as you pick the bank regulators from the banking industry itself you can forget any thought of going at regulation its deregulation and to call it regulation instead of deregulation is using Orwellian doublethink democracy is government by the people plutocracy is government by the rich in a typical plutocratic state economic inequality is high social mobility low and because of continuous exploitation of the masses workers find it nearly impossible to climb out of poverty the equal voting rights movement in the early 20th century abolished a system where rich people had more votes than poor people but today lobbying has put pay to that and reduced the American political system to a mere Clearing House for the concerns of the rich the goldman sachs machine is one of using profits to buy influence in washington to change laws to make it easier to make money on Wall Street to be used to buy influence in Washington so it's a self-reinforcing malfeasance machine that is continuing to grow as a parasite in the economy and continuing to kill the host famous for claiming it did God's work goldman sachs is one of the most influential investment banks in the world it's alumni often occupy positions of great influence in governments and central banks in September 2008 barely a month before the stock market crash Goldman supposedly a pillar of the free market changed its banking status from investment to commercial this meant it was now eligible for state protection socialism for the rich right there goldman sachs are extremely efficient of what they do their task is to make money they make bank robbers like Willy Sutton look like modest amateurs they're huge bank robbers but it's legal the system is set up so that they can do it in the recent years they've been selling securities put together from mortgages that they knew were worthless so they're selling these things to unwitting consumers making a ton of money on it meanwhile they're betting that they're going to fail because they know that it what they're peddling is rotten so they placed bets with a credit default swaps and other things with a huge insurance company AIG and that was insuring Goldman Sachs against the failure of the stuff they're peddling during America's subprime collapse Goldman traders Michael Swenson and Josh Birnbaum made a four billion dollar profit by short selling junk mortgages backed by Dan sparks internally Goldman Sachs called their position the big short and bet against their own clients Senator Carl Levin called Goldman Sachs chief executive Lloyd Blankfein to a Senate subcommittee to testify under oath much has been said about the supposedly massive short goldman sachs had on the US housing market the fact is we were not consistently or significantly net short the market in residential mortgage related products in 2007 and 2008 we didn't have a massive short against the housing market and we certainly did not bet against our clients riding the big short in 2007 made billions of dollars for Goldman and so far they've got away scot-free with this massive heist so they're not back bigger than before richer than before biggest profits they've had in history you know huge bonuses they don't very a lot of what a lot of what they're doing has in fact really maybe all of it has almost nothing to do with the benefit of the economy can there be any objection to genuinely talented people earning big money if they bring something new and tangible to the world if they take great personal risks with their own money and actually bring greater prosperity for all in a free market if I have a brilliant idea that I can run an automobile on grass clippings as an example and I produced that car my motivation might be to make money but if the market says my goodness this is the greatest automobile ever invented by mankind and I make a billion dollars I've not only served myself but I have served everyone else that needs a transportation and that is the brilliance of a free-market is that paradox that you could serve yourself and simultaneously serve others and that's what it's all about but how many of the general public have achieved greater prosperity through a banker's bonus it was against the holy backdrop of some Paul's Cathedral in London the goldman sachs vice-chairman and mouthpiece lord Griffiths gave insight into how certain bankers really think the devoted Christian defended extortion at bonuses I'm not a person of despair I'm a person of hope and I think that we have to tolerate the inequality as a way to achieving greater prosperity and opportunity for all the fundamental Christian view and I would say of Islam as well and certainly of Judaism means that wealth is to be shared money has to be shared you can't take it with you and and from that develops a whole lot of stuff about justice and the economy and so on and we've lost that and instead we've got people accumulating more and more and I just think it's I just think it's disgusting that people have lost their homes lost their jobs they can't pay their mortgages from bankers who made a big mistake in them paid enormous bonuses I'm sorry that is simply wrong and I can't understand why we are not more vociferous about that when rich people tell you that they specifically have be rich through these egregious ripoff mechanisms that's just self-serving propaganda and it should be disregarded it is true that if you when you organize human society some people get ahead and some people struggle that's a natural mechanism but saying oh we've got to have inequality therefore Goldman Sachs must be organized along the following lines that's a complete non sequitur at what juncture what point does morality enter into economic the economic calculus in a way many people think that Adam Smith gave us a free pass way not to think about morality because what Adam Smith said was that individuals in the pursuit of their self-interest are led as if by an invisible hand to the general well-being of society now let me make it clear Anna Smith didn't really say that that is a Smith was very much aware that businesses when they got together conspired against the public interest raise prices he was aware of monopolies he was aware of the importance of education that the private sector couldn't provide so he himself was aware of all the limitations but his latter-day descendants have forgotten all those caveats Adam Smith was the Godfather of classical economics but since its publication his work has been used as a political football finances twisting his words to suit them Lord Griffiths advocates ruthless individualism to push this idea that if bankers get rich then we get rich too through a process known as trickle-down economics or awesome sparing fair if you feed the horse in our boats some will pass through to the road for the sparrows the idea is that extreme wealth concentrated on a small minority will eventually trickle down to everyone else but it doesn't work because by the time the money reaches the people at the bottom of our money pyramid it's lost its purchasing power but the public are now confused as to why our political leaders have allowed this to happen now ask why because our political processes are badly flawed they're battery flawed because of the dependence of lobbyists on campaign contributions so that's why you know my view and a view I think about a lot of people is that we have to restructure our political processes to give more voice to the ordinary citizen unless voice to to the interest group to money groups to those who who have taken such a large role in shaping our tax code regulatory regulations and so forth I've stood on the front step of colon Powell's house now look at him and say what what next boss and he says what'd he mean I said what next where are you going next time I'm writing a book I said no I know I know you're gonna write your book but you never do that for the rest of your life where you going next he said maybe a cabinet position but first but first money I said money he said yeah Millions that's the only way you can be a cabinet officer in the American government oh wow the Democrats and the Republicans are beholden to corporate interests and until they've become unbuilding to those corporate interests we will never have a well governed Republic the inherent iniquity in our system of money banking and politics has not just had consequences domestically but also on a massive scale globally [Laughter] Western leaders have presented their military campaign in Iraq Afghanistan and Pakistan as a moral obligation but are there other reasons for it the first financial beneficiary of America's foreign policy is the military in particular those who supply it with arms and equipment the military has won Wars but how successful has it been in its bigger aim to eradicate terrorism the drone attacks not only failed but they've created extra extremism they've helped in radicalization of youth in the Northwest Frontier and also in certain parts of Punjab and Pakistan and because time after time and sometimes you know there's a feeling that America does this deliberately to destabilize Pakistan I'm not so sure about that but I certainly think those people who actually support this policy every time you kill 10 the so-called terrorists you create 500 more because they see the drone attacks as a an attack on a sovereign state of Pakistan if they really wanted to flush them out there was no need for a huge military operation in Swat causing the entire district to become internal it is displaced persons the population of swath is 1.8 million there are 2.3 million refugees in the country the whole district has been emptied this wouldn't of necessary if they had carried out a surgical commando operation to get the militant leaders but they allowed them to escape all of them after the military the next financial beneficiary are those who win the contracts to conduct the rebuilding process in the West people might even feel optimistic when they hear that the u.s. is pumping tens of billions of newly created dollars into developing nations to build infrastructure but often this too doesn't seem to achieve the publicized goals it's there another reason we give these countries Aid week anomic hitmen have created the world's first truly global empire and we've done it primarily without the military we work many different ways but perhaps the most common is that we'll take a third-world country that has resources our corporations covet like oil and then arrange a huge loan to that country from the World Bank or one of its sister organizations however the money never actually goes to the country instead it goes to our own corporations to build infrastructure projects in their country power plants highways industrial parks things that benefit a few wealthy families in that country as well as our corporations but don't help the majority of the people at all they're too poor to buy electricity or drive cars on the highway if they don't have the skills to get jobs in industrial parks but they're left holding a huge debt infrastructure which is used heavy loans from the World Bank and IMF and made from grants from Western countries they've all gone into benefitting the elite and the feudal classes they have not benefited the people a lot of money goes to these consultants and companies from the West who charge huge amounts of money and actually the real money on projects and on ordinary people is very limited the masses have very little already so those landlords who have the infrastructure and who are going to make money because of the infrastructure that is built through their roads they will prosper but the ones who don't have any resources they've not had jobs there isn't any economic activity for them in terms of manufacturing goods so they can sell and they can also prosper when you don't have that what do they do they resort to joining the Taliban because they see the enemy coming in and taking away what little bit they have President Obama I understand wants to invest seven and a half billion dollars in Pakistan's infrastructure to alleviate poverty and you know take away all the divisions and all the anti-american sentiment over here whatever his reasons are we can do without it in fact it's the worst possible thing he can do this kind of help is actually going to be hindrance is just going to make matters worse it will bring this contrived war and terror into a rural areas how much of US foreign policy is genuinely altruistic and how much is it influenced by the banks and corporations that profit so tremendously from it America's evangelism of democracy is riddled with contradictions not least of which this idea of promoting democracy at the point of a gun or opposing regimes which are democratic but not in the way that America wants so to this idea that America the in promoting free-market capitalism has also been riddled with contradictions because the reality is that American firms tend to make most money when countries are at the cusp of change certainly American financial firms and in a sense they want market sort of changing structurally but not too free and too transparent because they make money when markets are a bit opaque is it any wonder developed nations of fighting in underdeveloped countries when so many are making so much money out of it without ever really having to face up to or even witness the consequences of their actions so what if five million kids died in Africa because of debt last year you know I got a bonus of a million pounds and if I have that conversation I've had it with some bankers who've you know been in the business a long time and they listen politely they're very polite very charming and at the end they say well sorry it's nothing meeting you again and they go back to the office and do another loan deal for tens in the year or something I've known a lot of terrorists quote-unquote I've met them I've interviewed them for books I've known since I was an economic hitman I've never met one who wanted to be a terrorist they all want to be with their families back on the farm they're driven to terrorism because they've lost the farm it's been inundated with water from a hydroelectric project or with oil from oil derricks their farms been destroyed they can't make a living for their kids or in the case of the Somali pirates they're fishing waters have been destroyed and that's why they've turned to this isn't because they want to be pirates or terrorists now there may be a few crazy people there are a few crazy people people with not they're not sluice there'll always be serial killers they'll always be crazy people maybe Osama bin Laden's one of them but they do not get a following unless it's a terrible myth injustice going on and people are starving and they're deprived and then they will follow these crazy people because they seem to offer an alternative if they want to do away with terrorism if we want to have a wee United States called homeland security we've got to recognize that the whole planet is our homeland what does the word terrorist actually mean many terrorists would sooner describe themselves as freedom fighters could it be that the charge of terrorism could just as easily be made against Western corporation with speculators and policy makers when we talk about terrorism means what they do to us not what we do to them and what they do to us can be pretty ugly although it's not even a fraction of what we do to them and it takes a 9/11 that was pretty serious act of terrorism maybe the worst single act of terrorism in history but it could have been worse I mean suppose for example that al Qaeda had bombed Washington bombed the White House it killed the president installed a harsh military dictatorship brought in a bunch of economists who drove the economy into its worst disaster in history but that would have been worse than 9/11 and I'm not making it up it happened what's called the first 9/11 in South America family in Chile on the 11th of September 1973 the democratically elected Chilean President Salvador Allende was overthrown in a coup a dictatorship under Augusto Pinochet was established that ruled Chile until 1990 there was the systematic suppression of all political dissidents thousands were imprisoned and murdered who was involved in that first 9/11 it's not hard to find them right in Washington and London and so on but that's off the agenda it doesn't count there is a principle of ideology that we must never look at our own crimes we should on the other hand exult in the crimes of others and in our own nobility and opposing them the root causes of so called terrorism will not be solved by increasing economic inequality if governments really are serious about combating terrorism then they must start with real structural reform back home as long as banking empires chase infrastructure and debt deals in pursuit of profit the West will continue to export injustice through finance millions more will be displaced terrorism will thrive a neo colonialism will continue to end more and more lives around the world you what's happened is that we have moved from a relatively empty world to a relatively full world that is empty of us and all of our stuff to now full of us and all of our stuff in my lifetime the world population has tripled and the populations of other things of cars houses boats all these other things that put a load on the environment – just like human bodies those are vastly more than triple so the world is very very full of what we might call man-made capital and it's becoming more and more empty of what used to be there what we might call natural capital we are the first generation we in the rich developed world or the first generation to have got to the end of the real benefits of economic growth for hundreds of years the best way of raising the real quality of human life has been to raise material living standards and that's what's driven a huge rises in life expectancy and increases in happiness and other measures of well-being but all those have now come detached from economic growth and although life expectancy continues to rise in the rich world it's no longer related to the amount of economic growth the country has at all and the same is true of measures of happiness and measures of well-being the paradox is the more we grow the more poverty we create our self-interested economic system seems to be continually missing a trick so as we keep plundering the Earth's natural capital is it time to rethink our Western definition of progress when I look at the world I look at much the way royal dutch/shell looks at it they have one of the best strategic entities in the world private or public and royal dutch/shell has posited two scenarios one is called blueprint and is obviously a planned corporate structure where world leaders get together and they think about things like energy transformation planetary warming and dwindling fossil fuels and so forth the other is called scramble and scramble is pretty much what it sounds like – it's a mess interestingly enough in 2075 the ending year for these scenarios as I recall we get to about the same place it's just that blueprint leaves a lot less blood on the floor scrambled leaves a lot of blood on the floor is people fight for these resources and so forth the reason oil companies are drilling miles under the sea is that the world's easily accessible oil has already been found and largely consumed not only a royal supplies dwindling major new metals discoveries are becoming increasingly rare 40 percent of the world's agricultural land is seriously degraded and ever more volatile yields continue to be unevenly distributed it may be that the looming environmental threat is not global warming but the exhaustion of the world's resources we're going to have struggles for finding land sufficient to grow the agricultural products for a what the United Nations says is going to be a nine billion earth population we're gonna struggle over non-renewable fossil fuels as they run out I think shell posits about 2075 they'll be gone and we're going to struggle over things like water and other precious resources that are necessary to our life into our economy and this could be as shel says a blueprint affair with world leaders working together to share and share alike or it could be a real mess and she'll incidentally bets on the mess just like the baby boomers failure to look to the next generation our outdated competitive mentality for a world of depleted resources could have devastating consequences our economic setup encourages one-upmanship competition and comparison where as the progress humans have made over millennia has been largely based on cooperation in any species in almost any animal there is always the potential for huge conflict because with any any species all members of that species have the same needs so they might fight each other for food and shelter and nest sites and territory and sexual partners all that kind of thing but human beings have always had the other possibility we have the possibility to be the best source of of support and love and assistance and cooperation much more so than any other animal and so other people can be the best or the worst you can be my worst rival or my best source of support in a progressive society to meet our common economic social and cultural needs we must move from globalization to localization the benefits of a communal sense of fellowship responsibility and purpose in a life driven by production or consumption would lead to happiness and satisfaction indeed we must ask have our modern consumerist lifestyles made us happy I think if one had been living in the 19th century and somebody had told you that a hundred years later people were going to be living in this extraordinary wealth and comforts you know with central heating and being able to throw away such a high proportion of our food as we do we'd imagine that we'd be living in a state of extraordinary social harmony and everything would be rosy and it's really quite remarkable the contrast between if you like the material success of our societies and under social failure the growth economy demands that we make consumption a way of life he who dies with the most toys became the ambition and retail replaced spiritual satisfaction unsurprisingly sales of antidepressants skyrocketed as the fact is that the world economy over the last few years a good share of my lifetime has been built either on the military or on producing items that most people don't need and really don't even want when you come right down to it but we all going to have them consumerism is driven our extraordinary social nature that we want to have the stuff so we look good in other people's eyes it's because I experience myself through other people's eyes the feelings of shame and embarrassment or pride and maybe feeling envied all those things so you know it the goods are just a way of if you like mediating the relationship between yourself and others in this extraordinarily alienated hierarchy what's really suffered is human relationships family life the things that really matter to us and in the end the only thing that makes human beings happy isn't money it's very clear that past a certain level you only get marginal gains from wealth what really makes us happy as other people it's our relationship with other people that's really been damaged by the last 30 years we trust them less we have less interaction with them we bomb less than ever before we marry less and marriages under more threat than ever before and all the association's that represent sort of permanent uncondition human affection are being eroded or damaged and that's the real legacy of the last 30 years and in some sense we got to recover and rehumanize our lives otherwise not only will they be nasty brutish and short but they'll be lonely the West is coming to the realization that it's human project is failing the West was so convinced that if you push people to achieve as individuals the accumulated achievement of individuals would make first successful society and what the West is now beginning to realize is that the individual achievement without incorporating the vulnerable community is a myth the idea was make your own life be individually aspiring and then you'll be individually achieving and then you'll be individually prosperous and then you'll be individually happy you end up doing that in a glass jar and the glass jar has a limited height and it's encapsulating and in the end you die of lack of oxygen human beings are alive because they seek attachment and because they're propelled by affection so the isolated achieving individual in the end implodes in order to find a purpose in life it has to be outside yourself it matters not how you construct it outside yourself as long as it's a positive value added to society pursued but it has to be outside yourself it can't be yourself if you're pursuing yourself you're pursuing you're pursuing the abyss as Nietzsche said you were you were going to wind up in the abyss you one of the both powerful cultural frameworks that shapes the way we think today in the West is the Hollywood film construction and it follows a particular cultural passion in that there is a beginning there the middle and an end there is drama tension there's resolution there's usually a goodie and a baddie and as usually a story told for the medium of human beings this Hollywood ization of the way that people communicate and the way they tell stories about themselves and view their recent history has very much impacted how we look at the financial crisis in that people look at the beginning the middle and the end they look at the drama around Lehman Brothers and they wanted say a resolution and they wanted two baddies they wanted sacrificial victims as well so people have focused on a few individuals and the idea that somehow it wasn't just one or two individuals who were at the root of the problem it was a systemic problem but actually almost everyone who participated was in some way guilty either of outright negligence or simply failing to ask the right questions or simply failing to ask why money was so cheap for so many years the idea that it was a systemic flaw is something which is very hard people to grasp and even harder to depict as a good story perhaps there is this feeling of helplessness because we don't understand what the real problem actually is cleansing a few bad apples will not rectify the flaws at the heart of the Western economic system a system that should be protecting people is in fact the very thing that's enabling our Four Horseman to ride with such vengeance the modern day Four Horsemen a rapacious financial system escalating organized violence abject poverty for billions and the exhaustion of the earth's resources a riding roughshod over those who can least afford it they gallop unchallenged because the cognitive map that's been put in place by our schools universities and our media does not encourage us to question accepted norms instead there is apathy in a sense I think we're rather depressed societies we've got used to the idea that there's nothing that can be done there is no alternative is it you know we're never going to deal with these environmental problems and we live in a dog-eat-dog society and that's it I think what we have to take away from this is a recognition that most of these problems can be very substantially improved by making our societies more equal reducing the income differences and that also helps us to solve the environmental problems we can reach a society that is qualitatively better for all of us well the apathy is sort of engineered because you don't have any discussion of this in the public media hardly by surprise the public media are owned by the real estate and the financial interests and they're not going to explain to people the integration between the financial insurance and real estate sectors the fire sector there's this disinformation going on passing the buck denying what the real driving factors are all of these are common strategies in fact even in education you can see that banks have helped to set up universities they've funded them they fund think tanks they have educational foundations they own newspapers all of this stuff is going on as a kind of propaganda exercise so that the people don't actually work out what the problem is you should not assume because you know you don't have a background in economics or a law that this is these issues are somehow too complex for you that they're not complex at all is very simple it's about power and it's it's about democracy and you understand that just as well as I do one source of this disinformation is the neoclassical School of Economics these economists and academics have been successful in convincing the world that their models were gospel but just as Gutenberg's printing press was revolutionary in the 16th century today were at the dawn of Internet enlightenment which will remove the cloud of ignorance upheld by academic and media gatekeeper education can be a form of mass mind control and it's astonishing that today neoclassical economics continues to be taught in all Ivy League universities I do get letters from students in economics departments at other universities there and they they're into some graduate program or something and they say oh you know John I just read such-and-such that you wrote and this is the kind of thing that interests me I'm stuck in this program here in which you know I can't even talk about any of that you know what's your advice what should I do what they're teaching you is what you're going to have to impose a lot of it meets some of it's useful but so some of its useful go ahead and learn it and the other reason for learning the rest of it is know your enemy an individual might not be able to change the system but they can change themselves if we're not offered proper education we must begin our own and a good place to start is to become reacquainted with the classical economists and with something that so few question but that affects us all our system of money if the monetary system of the world is not reformed then we there we are headed towards the end of industrial civilization I won't say that we're going to the end of humanity but it's just going to be absolute the collapse and of our world as we have known it because it cannot function on fiat money and none of those who are responsible for this want to admit it but that is the fact the Fiat system of money is a man-made law and it's been abused it's they're a form of money whose law is not set by man when you look at natural law and gold I sort of describe gold as being a natural form of money all of the gold has been mine throughout history still exists in its above-ground it's about the size of two and a half Olympic swimming pools you put all that gold together in one place the key is is that this above-ground stack of gold grows by about 1 and 3/4 percent per annum which is approximately equal to new world population growth and it's approximately equal to new wealth creation so as the net result of this is that you have this very good consistency in Gold's purchasing power over long periods of time because the supply demand equation is very much in balance to achieve human Liberty you really need to have sound money and gold is the only way to do that because only gold is outside of the control of politicians with modern man-made monetary processes a chronic excess of debt is built up at every level of society debt is now regarded as normal it isn't it's a form of slavery but how much do we question our debt and what should we now do about it the classic example most recently of a debt cancellation was the German economic miracle in 1947 the Allies cancelled all domestic and international German debts except for the debts that employers owed their employees for the previous few weeks and except for a basic working balance that everybody was able to keep in the bank in order to buy food for the next few weeks or so essentially you would follow the five or six pages that the currency reform of 1947 did in Germany you would start with a clean slate that means that everybody would own their property free and clear and the problem here is that you'd wipe off the savings that are the counterparts of that that actually would not be such a bad thing if you look at the fact that the wealthiest 1% of Americans have concentrated an enormous amount of wealth in our own hands more than at any earlier time since statistics have been kept our system of taxation also needs addressing currently we're taxed on what we produce perhaps it would be more progressive to tax what we consume how many American people realized that the founding fathers never intended Americans to be taxed on their labor in other words they weren't meant to pay income tax the tax system that was exported from Britain a relic of colonialism has duped the world the most important element of a tax system is to do what everybody expected to be done in the nineteenth century and that is to base the tax system on land taxation on the free lunch of land value and on what John Stuart Mill called the unearned increment the income that landlords made in their sleep as he put it who made oil in the ground you know coal or iron ore these are things which are not the products of human effort of course extracting them is but their existence is not and so the rents from natural resources are a wonderful source of taxation nobody made them so and when you do tax them you cause all of us to use them more efficiently so this seems like the really the excellent thing to tax rather than labor and capital if the government's used this land site value that's supplied by nature not by human labour not by a personal enterprise then the government would not have to tax wages in the form of income tax it wouldn't have to imply sales tax that add to the price of doing business and it wouldn't have to add the proliferation of business taxes this tax system advocated by all the classical economists would begin to address global poverty as it would allow citizens in developing countries to keep their resource wealth in developed countries it would begin to address our housing and debt crisis and unleash the kind of entrepreneurship needed to refloat our economies perhaps we should also resurrect another timeless principle for workers that was promoted during the Industrial Revolution the idea that people who work in a plant auto home it's just deeply built into working class culture so right around here at the early Industrial Revolution in the late 19th century working people simply took for granted that yes of course the workers should own the mills in which they work anything else is an attack on our fundamental rights as free citizens they also took for granted that wage labor is hardly different from slavery it's different only because it's temporary and then you can be free one of the ways you'd be free is by owning your own plants that was not an exotic view that was Abraham Lincoln's view in fact it was us it was a principle of the Republican Party in the in the late 19th century it's taking a lot of effort to drive those ideas out of people's heads but they're still there and they're very relevant it was the grief philosopher Plato who said the ratio of earnings between highest and lowest paid employee in any organization should be no more than 6 to 1 in 1923 banker JP Morgan declared no more than twenty to one was optimum yet today's salary difference between top and bottom earners in global corporations can be higher than 500 or a thousand to one when you're up in the range of 500 to 1 in E quality the rich and the poor become almost different species no longer members of the same community a commonality of interest is lost and so it's it's difficult to form community and to have good friendly relationships across class differences that are that large when the public do vent their outrage at inappropriate earnings the common defense is to move the debate to the psychological realm and quote mercurial British economist Herbert Spencer he coined the phrase survival of the fittest and his words are now used to justify excess competition in business is a good thing but the playing field must be level monopolists have too much because the system a game is rigged under the current economic setup the fitness of the vast majority of the world's population is irrelevant those that are made to pay for this crisis are not those that caused it but those who caused it for survival will no doubt try to marginalize this film as socialist or even Marxist I'm a capitalist I'm a businessperson III believe in the basic principles that's why I'm completely appalled by seeing these principles destroyed by monarchs monopolists who I have totally destroyed the system from within on Wall Street and and this is completely unacceptable I'm a capitalist I think capitalism can do it it's not a question of getting rid of capitalism it's a question of getting rid of this terrible form of capitalism capitalism more broadly understood as market economy not only has a future I can't see the future of the world without it but the question is what kind of capitalism what kind of market economy a system of reformed capitalism built on independent money a tax system based on consumption not income and employee owned businesses would begin to build an economy that's not dependent on constant growth to service its debt we've endured the so-called free market for centuries but far from being free it's led us to destroy nature and each other in a vain attempt to progress is absolutely ludicrous to suggest that somehow there is that scientifically defined boundary of the market that we should never change and of course a test about the free market economy want you to believe because once that they convince you of that and claim that on top of that they claim that they have the truth because they are PhDs in economics then they can't tell you whatever they want and then you will have to accept it but that's how we're we have to take these guys on politics is about drawing the boundary of the market you know I mean when you think about it a lot of things have been taken out of the market over the last two three centuries two three centuries ago you could buy ins human beings child labor a lot of things that you didn't imagine you could buy and sell today so I mean over time we have redrawn this boundary and there is nothing wrong with the redrawing the boundary again things that were considered absolutely reasonable in the 1850s like selling any chemical on a street corner and telling you that it's a pharmaceutical drug that will make the good for you things like that that we're absolutely compressed then are now serious criminal offenses well the same thing will be true of active money management in a hundred years the breakdown we saw in the Great Depression and witnessed again at the beginning of the 21st century occurred because in the name of growth much was taken out of the system by those who contribute very little multinational corporates and banks will always want to grow without having to compensate those people who actually do the work to produce the surplus in the past every time too much was taken by those who contributed little people rose up to halt the violent practices enacted by a tangible enemy today the question is with such a formless enemy pervading every element of our economic and democratic process can it be done again of course can be done again look it's a cycle I mean if we're not we're not debt peons but maybe rats running around a little a little wheel in some somebody's big cage somewhere the finance Rises finance Rises fineness becomes organized you make a lot of money in banking it even by politicians but the essence of democracy the essence of American democracy is this is a repeated confrontation a repeated showdown and in 1830s Andrew Jackson beat the second bank in the United States in the early 1900s Teddy Roosevelt beat JP Morgan and john d rockefeller in the 1930s Franklin Delano Roosevelt FDR beat everyone from Wall Street now now we have to do it again the one single thing that makes me optimistic rather than cynical pessimistic is my students first I do not see the desire to go to Wall Street amongst them I see the opposite second I see a disdain amongst them for people who are motivated not just they don't want money I see a disdain amongst them for people who do just want money the crisis we face today are created by humans and what is created by humans can be changed by humans so we are all capable of transforming our world revolutions are philosophical getting organized and preventing the culprits camouflaging the real problem means it's possible to embark on a bloodless revolution against the violent organizations and barbaric leaders who've trashed the economy central banking rigged capitalism land speculation income tax and neoclassical economics of corporatized democracy stunted progress perverted the course of human destiny and compromised the future of this planet if these issues aren't addressed then the next implosion will be on a scale unimaginative Eartha propaganda at the beginning of the 21st century central banks unregulated cheap money pumped up land values which created an unsustainable asset bubble in a world that once again operates a rigged tax system that enriches entrenched privilege neoclassical economics have ruined life for the bottom billions tempted everyone into intergenerational conflict and created massive suffering that has no limits human beings go mad in crowds and come to their senses slowly and individually history is littered with examples of people who threw themselves off the yoke of oppression to adopt radical change only to end up with popular new rulers that maintained the status quo to really understand something is to be liberated from it dedicating oneself to a great cause taking responsibility and gaining self-knowledge is the essence of being human a predatory capitalists truest enemy and humanity's greatest ally is the self educated individual who has read understood delays their gratification and walks around with their eyes wide open you

36 thoughts on “Four Horsemen – Feature Documentary – Official Version

  1. Ridiculous propaganda attempting to predict the fall of the United States, mainly due to the unfortunate Obama presidency. MAGA

  2. @58:30 I can appreciate what the man is saying, but at the same time, talk about being a terrorist appologist. Everyone in the civilized world must adhear to a propper moral conduct (which is correct) wheather poor or not….. except if you're a terrorist? Excuse me, but the guy sounds like he's been brainwashed pretty damn good already by TERRORISTS….and not "terrorists".

  3. Shoot the scamming bankers and the rich. Of course this just creates a vaccuum for the next wave of psychopaths to fill. Shoot them too. Remember, vigilance is eternal.

  4. ilhan Omar said its all about Benjamin and whole the deomacrts and republican attacked her still i dont know the reason…ist about Banks or Ipac i didt got it i hope world will be better place

  5. anyone being published are part of the control they control all you see and hear they create their own opposition including this video no answers just making money from something endless debates that accomplish WHAT?the 2 party system the controllers and the controlled opposition:)-true opposition will never be allowed because when the debates over neither makes a dime:)-most people don't care where the money comes from silly whores:)-

  6. so apperntly if you were black in baltimore you couldnt buy a house in upper class areas Simply for the misconception that the area would attract people of colour therefore bringing the housing price in that area down!?

  7. You know what's missing in this documentary. No blame on the left even though they ultimately caused this. A little self reflection maybe?

  8. Four Horsemen’s book (in Ch.7) ‘The taxation system’ says:

    “Libertarians and anarchists imagine a Utopian future in which all human behaviour is self-regulated and people co-exist peacefully. It’s an attractive thought and, were such human perfection ever to be achieved, it is possible to conceive of a world without formal central government. In the meantime we need to engage with twenty-first-century reality and accept that government will have a role for some time to come.

    “But government has to change: it needs to facilitate the kind of economic reforms outlined in this book. That change will require a democratic revolution in which existing institutions are used to launch a different kind of politician to power. . . .”

    Oh, this also is an attractive thought. But, were such government-change and democratic revolution ever to be achieved?

  9. Milton Friedman should be stripped off his Nobel Prize post mortem,it is obvious his approach has failed over and over again,creating massive poverty across the world.Furthermore IMF comments are as irrelevant as IMF itself!

  10. If anyone wants a better understanding – at least a beginning – go to the Federal Reserve web site and read the history of the banking system in the U.S.. Those guys are the people working to monitor and regulate transactions and policy within the system every day. You don't find ideology there, you find numbers and actions and systems tried in the past, what went wrong, how they were improved.

  11. If private bankers that create money out of nothing fund the government … the money they create has tentacles in every segment of society. Everyone takes government money and if you are at odds with the government their tentacles and money created out of the air have control of everyone … and the person that challenges government is in for a rough ride. Maybe private citizens should be able to create money and compete with private banking monsters.

  12. Lets reduce the population over a 100 years to the level of 1700s… 500 million. It would solve many many problems.

  13. Can't believe 8+ million views on this, I didn't think truth documentaries were allowed to be seen by that many. But I wonder how many watch this and go back to the same old bs, buy crap you don't need, waste most their time on social media, watch fake reality tv drama, drink, gamble, sleep around, ignore the problems and look for short term individual happiness.

  14. Creation of a massive welfare state has convinced much of the U.S. population that they shouldn't have to work for anything.

  15. This is a documentary that needs to be watched worldwide. I first saw this a few years ago and it still sticks in my mind as one of the most relevant and necessary documentaries to date.

  16. Stop feeding the machine now and see how quickly it crumbles. However we (collectively speaking) are greedy too.

  17. what about the gov? They license you to make money, the gov takes part of your pay, the gov will tax everything you buy, and often will tax you to keep what you buy?

  18. the newer generations know no difference from the last generation. I try to tell younger people what they are missing, what to get back too, they just stand there and stare.

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