Zeitgeist: Addendum's Economic Mistakes

Ismael 2022-03-22 09:02:35

1. Regarding the reserve

money, the money that the bank lends to the bank is property, not a liability
. The loan account and the deposit account are different. The loan account is a checking account. In the credit society of the United States, many banks trust each other, so Checks are rampant. This is a credit mechanism. It can be said that commercial banks create their own currency, but it does not affect the bank's reputation. Because the United States is a country with national debt, inflation is beneficial to them and not harmful.
However, in China, the check mechanism is not yet When maturity has not been trusted, the money supply is completely from discounting. In China, if you write a check for money. You must not do it.

So although the money supply results are the same (both 10 times), but China Unlike the United States, China mainly relies on discounting.
Moreover, China discounts first and then lends money, while the United States first borrows and writes checks, and then discounts when needed.



2. The view on virtual currency

is too naive. Is the currency virtual? It’s just a symbol, it doesn’t matter whether it’s a computer symbol or a symbol on paper. There will be no more or less, all are under the supervision of the China Banking Regulatory Commission. If the society needs paper money, just print more money. It has nothing to do with the virtual. ....

3. About interest rates
Central bank money does not come to society only through loan discounts. In fact, only a small part of these new currencies are often circulated into the market through loans.
Most of them are governments and governments . The investment has been brought directly to the market.
And the purpose of corporate loans is to create higher labor value, and the company repays the loan because it has generated far more income than the loan. The enterprise has created far more labor value than the loan, so As currency as an equivalent exchange, the central bank should naturally increase enough currency to maintain price stability, otherwise the country will produce more and more labor output, while the currency remains unchanged, will it not cause deflation, and product prices will become more and more Low, factories close down, and eventually cause economic recession.
Because someone needs loans, the amount of money automatically adjusts and increases according to market conditions. It eliminates the imperfect statistical mechanism.

4. Allusions to 911 is a conspiracy.
This statement is as naive as the conspiracy about Pearl Harbor.
War does not need a reason, only an excuse..
From ancient times to the present, as long as it is needed, war has always been there...
There is a saying: "Wars begin when you will, but they do not end when you please. It's easy to start a war and it's hard to stop the war". That is to say.
Whether it is the 200-year crusade war in Europe, the modern German blitzkrieg in Poland, or the 77 Incident in China. From the Iraq War, all the , as long as it needs to, the state will fabricate reasons to incite public opinion.
The possibility of attacking their own people for the sake of war or interests is extremely low. If you don’t tell the enemy, you can expose their lies and attack them. If the executor does not keep secrets, And after the relatives of the people investigate the truth, do you think the people will let this party continue to govern? The

excuses are so easy to find, how can they falsify evidence at the expense of their own citizens?
And generally, even if people with a higher level have a plan, they will wait. Opportunities, magnify events, and incite people's emotions. People with a slightly higher level of forgery will not use such low-level means. 5. It is completely nonsense to



say that the money society has no trust .
It is a niche market, and it is a competition of doing something and not doing something, just like a car seller. If you want to grow bigger, you must find your own core point and sell trucks. This is the result of social division of labor, whether it is now or in primitive society. In order to make the business bigger, businessmen will only strive to refine the core value of the product and strive to innovate. It is the original meaning of competition. For this view, I remember that there is an adage that makes sense: people with a dark heart see the world is also

dark


. .The
latter thing is too sci-fi, and most people can judge it......

View more about Zeitgeist: Addendum reviews

Extended Reading

Zeitgeist: Addendum quotes

  • Narrator: We have to alter our behavior to force the power structure to the will of the people. We must stop supporting the system.

  • Narrator: The real revolution is the revolution of consciousness and each one of us first needs to eliminate the divisionary, materialistic noise we have been conditioned to think is true; while discovering, amplifying, and aligning with the signal coming from our true empirical oneness. It is up to you.