As a member of ON I have done many things but I have shied away from being part of the Monetary Reform Working group because it felt too complex for my little brain to manage… I had too many practical things to get on with and this had enough membership to be taken care of by others. Nevertheless I have kept asking myself some questions and have kept researching the things I did not understand. In the process I have spent countless hours reading and watching material that has opened my eyes to the mess we are in. I have even read up on several possible alternatives.

I thought a page compiling some of this info would have been hugely useful and time saving so here you have it. I am pointing one thing out. Not one of these links shows the truth and nothing but the truth and I urge you to take some time to read most of them to gain a more rounded picture of the working of the capitalist machine. We can only exercise common sense with a touch of scepticism when we approach these subjects!

1. “Money as Debt” – animated presentation

US YouTube 47 minute animated film that explains money mechanics. I agree it oversimplifies the subject matter and misses some very important points but it is only recommended as part of more thorough research and its simplicity is what makes it is so easy to understand. With this and further research into terminology, theories and events you will have a better understanding. Here I include the document by the creator of the content for that animation – The Banking System, Itself, is the ROOT CAUSE of Money System Instability by Paul Grignon.

2. “The inside Job” – Storyville

A full length movie/documentary about the genesis of the 2008 credit crunch – a globalised lack of trust on a corrupt system. There are examples of the roles of corporations, rating agencies, derivatives, insurance giants and politicians using policy to ‘free the market’.

Martin Wolf  Chief Economics commentator @ The Financial Times – “It wasn’t real profits, it wasn’t real income. It was just money that was being created by the system and booked as income. Then 3 years down the road there is a default and everything is wiped out… I think, in fact, in retrospect, it was a great big international ponzi scheme”.

3. Zeitgeist “Addendum” movie

A full length movie that covers various topics such as the creation of money, the role of financial sector and the use of control by the elites. The second half is about the alternative system they favour – the ‘Venus project’. A technocratic utopia. Some of it rings true and some I leave up to you to decide. Definitely worth a watch though.

Comments from viewers in iMDb “Very compelling, definitely don’t believe everything you hear, do your own research! Many interesting arguments, many good points.”
“While this film is aimed to prove everything presented as truth, one should watch this with an open mind. Take in all the topics, then do your own research, just with any speaker/film/presentation. To blindly follow is pure ignorance.”
“I do not believe everything in this film. I do however think that everyone should see it if nothing more than a thought experiment. You should be aware of all sides of an argument as to make your argument more effective.”

4. “The Shock Doctrine” by Naomi Klein in 4oD (also here on vimeo)

A film/documentary that puts the case for government manipulation of politics and events to enforce unwelcomed neoliberalist market ideas (reduce the size of the state, allow markets to control themselves and promote profit based enterprise rather than social wellbeing) during the after shock.

Shockdoctrine.com - “In THE SHOCK DOCTRINE, Naomi Klein explodes the myth that the global free market triumphed democratically. Exposing the thinking, the money trail and the puppet strings behind the world-changing crises and wars of the last four decades, The Shock Doctrine is the gripping story of how America’s “free market” policies have come to dominate the world– through the exploitation of disaster-shocked people and countries”.

5. Interview with Nicholas Shaxson, author of “Treasure Islands”

1 hour long interview with Nichols Shaxson about his book which discusses tax havens and tax avoidance/evasion by corporations, financial institutions and the complicated web they rely on to continue to hide their profits from the taxman.

Review by Sean O’grady (The Independent) “If you would like to know why your taxes are going up quite as much as they are this year, then Nicholas Shaxson has a one word answer: “Offshore“. Lost income from income “sheltered” in tax havens around the world costs the UK exchequer about £20bn, though it’s anyone’s guess. That is enough to put VAT back down to 15 per cent, or scrap tuition fees. Globally, the stashed cash runs to a total of about $6 trillion ($6,000 billion).”

6. RSA Animate – “Crises of Capitalism”

“In this RSA Animate, renowned academic David Harvey asks if it is time to look beyond capitalism towards a new social order that would allow us to live within a system that really could be responsible, just, and humane?”

7. Yanis Varoufakis interview in Capital ACCOUNT (RT News) – on the European Crisis

(@ about minute 4.00) Yanis Varoufakis is an economist who heads the Department of Economic Policy at the University of Athens.From 2004 to 2007 Varoufakis served as economic adviser to George Papandreou.

8. “The medieval, unaccountable Corporation of London is ripe for protest” (article) by George Monbiot

A witty article that describes the basics of the workings within ‘The City’ and why their interests are favoured over the rest of the population.

“But I doubt that one in 10 British people has any idea of what the Corporation of the City of London is and how it works.”

As Nicholas Shaxson explains in his fascinating book Treasure Islands, the Corporation exists outside many of the laws and democratic controls which govern the rest of the United Kingdom. The City of London is the only part of Britain over which parliament has no authority. In one respect at least the Corporation acts as the superior body: it imposes on the House of Commons a figure called the remembrancer: an official lobbyist who sits behind the Speaker’s chair and ensures that, whatever our elected representatives might think, the City’s rights and privileges are protected.

9. TED Lectures: “How economic inequality harms societies” by Richard Wilkinson

“We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.”

10. TED Lectures: “Addicted to Risk” Naomi Klein

“In her latest work, Naomi Klein wonders: What makes our culture so prone to the reckless high-stakes gamble?”

“…the burden of proving that a practice is safe should not be placed on the public that would be harmed, but rather on the industry that stands to profit. But climate policy in the wealthy world – to the extent that such a thing exists – is not based on precaution, but rather on cost-benefit analysis –finding the course of action that economists believe will have the least impact on our GDP. So rather than asking, as precaution would demand,what can we do as quickly as possible to avoid potential catastrophe, we ask bizarre questions like this: ”What is the latest possible moment we can wait before we begin seriously lowering emissions?

 

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