MUST WATCH: Modern Monetary System Explained

I cannot recommend this video highly enough. It is extremely powerful as it explains step-by-step the machinations of the modern monetary system. Mike Maloney is absolutely spot on about this: the system impoverishes the working class every single day. This is why the majority of the working class in South Africa will become poorer and poorer with time, and their anger and resentment toward the ‘wealthy’ and ‘capitalists’ and ‘whites’ will grow as well. In a day, the video has already received nearly 400,000 views (and counting).

For the more academic treatments of exactly this issue, read Murray Rothbard’s The Mystery of Banking, and What Has Government Done to Our Money.

I really can’t stress enough how important an issue this is. Well done and thanks Mike Maloney for producing such a brilliant video.