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A Few Words on Monetary Reform

by on April 15, 2014

This video, in Dutch, was made by Studio White Cat, Merlijn Janssen Steenberg. Kudos to him for this very professional production.

Subtitles can be turned on with the cc button at the bottom of the Youtube player.

From → Uncategorized

  1. I ran across this (Anthoy’s) site last week. I’ve since read a few of the articles and watched a few videos. I have to say that I agree with almost everything I’ve seen so far.

    I have recently started my own blog on the same topic. My approach is to take the readers along the same basic path that I followed to arrive at my present understanding. I am aiming for a level of understanding among readers whereby we can see clearly that there is no legitimate justification for bank ownership of the monetary system. We must become clear that, although banks make claims against all labour and assets by the lending system, they offer nothing in return for the claims except minimal accounting and technology. The work that substantiates the value of the money is given by the “borrower”, not the lender (for bank loans, that is).

    One other interesting point that I would like to make: In the present state of affairs, banks are lending at very low interest rates but financial assets that they own and control are ballooning at an incredible rate. It isn’t interest charges that allow this. It is a product of the ability of banks to create money in their own names for the purchase of financial assets. There is no explanation for the tremendous growth in financial sector wealth and instuments that can be tied to real productivity and value creation through labour. This is a condition that is obvious from reviewing national accounts. The derivatives issue is many times larger but is a separate issue.

    Keep up the good work, Anthony. I will be keeping an eye on your stuff in the future.

    Please feel free to view my site and essays.

    I hope that they are informative and that you don’t find them redundant.

  2. Very professional looking presentation, Anthony. You getting better all the time. Merlijn Janssen Steenberg gives your message the polish it deserves.

  3. Jamaludin Ismail permalink

    RIBA, USURY, or interest is prohibited in Islam, Christianity and Judaism – too bad, most people don’t look to religion to solve this issues.

    • According to Michael Hudson, usury may be nominally prohibited but not in practice.

      “Murabaha loans: Moslem law bans the charging of interest (usury), but permits loopholes that achieve a similar economic effect in practice (see Agio). A murabaha mortgage loan is extended without nominal interest to purchase a house or other property, but the borrower pays a rental charge set high enough to incorporate what is in effect a rentier interest charge.”

  4. Zelcorpion permalink

    Nice production. Love your positive viewpoint – that more and more people will be aware of the issue.

    In my opinion it will go more or less as Jacques Attali put it in “A brief history of the future” :

    Continuous decline and after 2030 rapid decline coupled with more conflicts. By then I guess enough immigrants have flooded the US and EU so that no serious uniform resistance can be expected.

    But again – good work as always. Will this appear somewhere on TV?

Trackbacks & Pingbacks

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  2. A Few Words on Monetary Reform | The Money Chro...

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