After ‘‘We Feed the World’’, the spectacular documentary about our foodstuffs, the film-maker Erwin Wagenhofer presents us with a new, shocking documentary. ‘‘Let’s Make MONEY’’ follows the tracks of our money through the worldwide finance system.
Wagenhofer looks behind the scenes of the colourful backdrop of banks and insurance companies. What does our pension provision have to do with the property blow-up in Spain? We don’t have to buy a home there in order to be involved. As soon as we open an account, we’re part of the world-wide finance market – whether we want to be or not. The bank enters our account into the global money circuit. Possibly banks or pension funds lend our money to speculators.
We customers have no idea where our debtor lives and what he does to pay our interest fees. Most of us aren’t even interested, because we like to follow the call of the banks: ‘‘Let your money work for you’’. But this is absurd, money can’t ‘work’. Only people, animals or machines can work.
The best time to buy is when there is blood on the streets.
Mark Mobius
(President of Templeton Emerging Markets)
Privatisation is derived from the Latin verb privare, which means ‘to deprive’. When privatisation takes place, public goods are bought up by private parties – or even given away for free … which is no different from robbing the community.
Hermann Scheer – Winner of the Alternative Nobel Prize and Member of the German Parliment.
Today the US is broke again. We have a huge amount of debt, more than any other country has ever had. If any country were to demand its money in a currency other than the dollar, we would be in big trouble. Saddam Hussein threatened to sell oil for another currency. That was just before they brought him down.
John Perkins – Economic Hit Man