Post1: zeitgeist movie

In the zeitgeist movie we saw how the monetary system in America and most of the world.. The movie showed us that in reality money has no existent value and is always created out of debt. The day that everybody could pay all of their debts that day there will not be a single dollar in circulation. The system is very corrupt and is designed to favor the government and hurt regular people. The government uses the system to its advantage and when the need for money comes back they just print more and cause it to devaluate, this is known as inflation. Inflation causes the devaluation of the currency and the things you could buy with a dollar decreases.

The system starts when the government needs money and tells the federal reserve to give them some. The government gives them treasury bonds, then the reserve gives them money that at the time has no real value, then the government puts it in a bank and it becomes part of the banks deposit. After this step the bank has to keep 10 percent of that money and the rest can be used for loans and other purposes. This process can go on forever until the 10 percent is minimal or none. The reason why it is corrupt is because the banks charge high interest and the debt becomes virtually unpayable that is when the corruption starts and never ends because the richer want to get richer and the poor poorer.