97% Owned (2012) - (Documentary) [Trailer] - video Dailymotion

Film Gorillas

2h 10min | Documentary | 1 May 2012 (UK)  97% owned present serious research and verifiable evidence on our economic and financial system. This is the first documentary to tackle this issue from a UK-perspective and explains the inner workings of Central Banks and the Money creation process. When money drives almost all activity on the planet, it's essential that we understand it. Yet simple questions often get overlooked, questions like; where does money come from? Who creates it? Who decides how it gets used? And what does this mean for the millions of ordinary people who suffer when the monetary, and financial system, breaks down? Produced by Queuepolitely and featuring Ben Dyson of Positive Money, Josh Ryan-Collins of The New Economics Foundation, Ann Pettifor, the "HBOS Whistleblower" Paul Moore, Simon Dixon of Bank to the Future and Nick Dearden from the Jubliee Debt Campaign.  Director: Michael Oswald Writers: Mike Horwath (co-writer), Michael Oswald (co-writer) Stars: Maddy Reilly, Ben Dyson, Anne Belsey

Transcript

00:00What does a progressive financial system look like?

00:09And I want to hear what some of you think.

00:10Who thinks, for example, that we should ban banks from creating money?

00:16Control over how money is created and what it's used for is a democratic issue.

00:21You currently have the banking sector, profit-seeking banking sector, you know, not accountable to

00:27anybody other than themselves, who are creating up to £200bn a year of new spending power

00:34and deciding where in the economy that goes.

00:37Monetary reformers believe that that entire money supply should be for the benefit of

00:42the public and should never be created by a private organisation as debt.

00:49Democratising the money supply, what that means is putting the power to issue and allocate

00:56money back into the hands of the people.

00:59Bank of England tells me that we raised $14tn in a year to bail out the banks.

01:06That's the way to change what we have.

01:09Take all power and all freedoms away from the people and collect everything into the

01:13hands of one small group with absolute power.

01:18What's been interesting out of all this, I suppose, is the question of democracy that's

01:21been opened up very starkly in Europe.

01:24You have a government of bankers essentially imposed on you.

01:26It's bankers who more or less got us into this mess and then you say, okay, bankers

01:30are the people who are therefore going to get us out of it and instantly they're going

01:33to run your country now.

01:34There's a serious question of democracy that's opened up here.

01:37By the way, the banking crisis drove more than 100 million people back into poverty.

01:46The mortality statistics of people who go into poverty rise hugely for a whole range

01:53of reasons.

01:54So the banking crisis isn't just about becoming poorer, it was about killing people as well.

01:59Time and time again over the last 30 years we've seen private debts being transformed

02:04into public debts and ultimately the price of that debt is paid by the public in the

02:12debtor country.

02:14So what we're left with is a financial system since the early 70s that has no fixed exchange

02:19rates, that suddenly has increasingly open financial borders, that has central banks

02:27having to manage without having any control because there's nothing here where the gold

02:33used to be, chaotically.

02:35They have to ease quantitatively.

02:39They have to lend as a lender of last resort.

02:43Throughout history, monetary systems were designed to give the dominant international

02:48power an advantage and this power is fiercely defended and expanded on.

03:18I want Americans and all the world to know, I want Americans and all the world to know,

03:33America has no regard for conventions of war or rules of morality.

03:40War is war.

03:41War is war.

03:42War is war.

03:43War is war.

03:44War is war.

03:45War is war.

03:46Objection overruled.

03:47The power to create money is so powerful, you've got to be very concerned about who

03:57has that power.

97% Owned (2012) - (Documentary) [Trailer]

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