Mr. JMLR: "(psssst... try actually watching the video next time. It's not what you presume it to be.)"I did try. I watched as much as I could stand. Just as the history of Rome was flawed in that other video, so, too, did this one, misstate the history of goldsmith banks and then conflate that with a swiping gloss past 200 years.
Based on your challenge now, I fastforwarded to the 20:47 mark and found the same thesis restated. The girl needs a hammer; Dad hands her a picture of a hammer. "That only works at the bank, Dad." Yes, it does, because money is an abstraction.
===> Edit: Ah! I got to the 33:00 mark and found LETS Local Exchange Trading Systems. Now, there's an idea that works! More would be nice... but... alas... back to the evils of banking.... Oh, well... Jeremy, if you have any experience with this, post to the Riegel topic. It would be greatly appreciated, at least by me.Here is an analogy. Imagine that it is 480 BC and we are Ionian Greeks. You are railing against coins as money. "Here," you say, "is a coin from Klazomenae showing a fish. But it is not a fish. You cannot eat the coin and you cannot even trade it for a fish because one whole fish -- which might have been worth this coin when it was struck -- now has a different price. Why? Because merchants in the marketplace conspire with tyrants in the assembly to pass off the fiction that silver is money. We know that fish, cows, grapes, geese, and ther other commodities can be traded in the agora. But unlike those things, silver coins are not really geese, grapes, etc."
What is really valuable to me is my time. It is limited. I went through this Bilderberger Money Conspiracy thirty years ago. Once is enough.
Your other posts on RoR show that you are literate and intelligent, and so on this issue, your continued research will bring you closer to the truth.
(Edited by Michael E. Marotta on 5/05, 7:45am)