CPM Forum
General => General Forum Comments => Topic started by: Skylark on December 22, 2011, 12:10:18 am
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I watched this video a few years ago and saw it again in another forum yesterday.
And would like to ask if its an accurate explanation or are there faults?
http://youtu.be/O8Zl1Wax8MI (http://youtu.be/O8Zl1Wax8MI)
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He seems very confident in his opinions (a great way to get people to believe you) but is flawed in how he explains the relationship between banks and government debt, his allegation that the way the debt has been funded is illegal, and his suggestion that printing of currency is a simple and sound way to eliminate debt (really bad idea). He should also do his own math on compounding and see that the ratio of principal to interest on the government debt is not really that compelling or suprising. For example, $10,000 invested in 1951 compounded at 8% interest compounds to well over $1,000,000.
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I thought the theory of "social credit" was out a vogue and long discredited.