Documentary : Can we Remove Money?

This Documentary talks…

“Countries everywhere are facing debt crises today, precipitated by the credit collapse of 2008. Public services are being slashed and public assets are being sold off, in a futile attempt to balance budgets that can’t be balanced because the money supply itself has shrunk. Governments usually get the blame for excessive spending, but governments did not initiate the crisis. The collapse was in the banking system, and in the credit that it is responsible for creating and sustaining.

Contrary to popular belief, most of our money today is not created by governments. It is created by private banks as loans. The private system of money creation has grown so powerful over the centuries that it has come to dominate governments globally. But the system contains the seeds of its own destruction. The source of its power is also a fatal design flaw.
The flaw is that banks advance “bank credit” that must be paid back with interest, while having no obligation to spend the interest they collect so that borrowers can earn it again and again, as they must in order to retire the debt. Instead, this money is invested in various casinos beyond the borrowers’ reach. This leads to a continual systemic need for more new bank credit money, more debt with more interest attached, to prevent widespread defaults and deflationary collapse.”

Sunday Stuff : What China Makes? (top 10 infographic)

THINGS_CHINA_MAKES_INFOGRAPHIC_IBT

China makes everything and makes a lot of it. Here are 10 things that China makes so much of that if production stops, consumers across the globe will find themselves missing out on certain creature comforts.

Not that China will stop production soon. In July, the manufacturing sector went against projections of a contraction, with the Purchasing Managers’ Index going up to 50.3 that month instead of dropping to 49.8 as forecast initially. A PMI of below 50 indicates contraction while a number above 50 means expanding activity. June PMI was 50.1. August PMI is expected to climb to a three-month high of 50.6.

The optimism for the manufacturing sector naturally carries through to exports as production is heavily geared toward the latter. In Global Sources’ recent supplier survey, for instance, more than 70 percent of respondents expect higher export revenue in the second half of 2013.

This infographic is designed by Lisa Mahapatra and was originally published at the International Business Times.

Courtesy & Source : International Business Times.