Comments by "Steve Parker" (@steveparker8065) on "" video.

Regardless of how money was created and its alleged value to trading. Ultimately, money is simply a human construct that in practice allows a tiny minority to own and control the vast majority of the world's actual resources (Land, Water, Human Labour). Since the loss of the gold standard in 1931 (UK) 1933 and fully in 1971 (US) money is no longer tied to a physical resource. Coupled with Fractional Reserve Banking and FIAT currency money has become more digital to the point where the majority of money is now fractionally created and is predominantly just on computers and balance sheets. What this means for the working class going forward is that we can be cut off from the means required to live and support our families. Global debts are over $300 trillion, over 4x global GDP. Proving the system to be a farce. A Billionaire like Bezos has $214 billion which if he spent $1,000,000 a day, every single day would take over 530 years to spend (assuming he wasn't earning 5% per annum). Time to shake things up if we want to avoid a dystopian corporatocracy.
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My in-depth financial analysis of Brexit: Brexit was the equivalent of cancelling your direct debits, defaulting on your mortgage, throwing your mobile phone in the bath while it's charging, setting fire to your house, driving your car into the canal and then running off into the woods half-naked screaming "I'm the wild man of Britain, hear me roar!"
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@Vroomfondle1066 True, we are almost there.
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@crapmalls I was glad they left the first time, they killed our Druidic leadership on Anglesea (Ynys Môn) which left us Welsh in a precarious position. But apart from the loss of £trillions, prestige, standards, morals, human rights and trading relations. While polarising the nation, risking the Union & GFA, breaking international law and leaving a sizeable debt for our great-grandchildren and crashing the economy... What has Brexit ever done for us?
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Agreed, they were taken over by neoliberal centrists when Blair took over. Starmer is simply a Blair tribute act and they've dropped the Unions in favour of corporate lobbyist funding.
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@Vroomfondle1066 Capitalism isn't much of a step up from feudalism to be fair. It essentially allows the wealthy to keep growing their inherited wealth while promising the same opportunity for the poor. I think people like Gary are the exceptions to the rule, good luck to him for making a few quid. Respect to Gary for exposing the Tory myths. But the system is a pyramid scheme. The bottom rungs of the ladder are greased to stop the poor gaining a foothold.
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@O. M. You obviously haven't understood me or my comment. Gold is irrelevant the fact it's not tied to any physical resource is the problem. I'm not a fan of Milton Friedman or the Chicago school of economics. Digitised money: "What this means for the working class going forward is that we can be cut off from the means required to live and support our families." The more global debt rises the more of our actual resources are bought up by the wealthy (Polarisation of capital and expansion of the poverty gap) - check people like Gates and the acquisition of farming land in the US. As for getting something for free, listen to Gary it's the jobless wealthy who pay less than 1%. Corporations take £100+ billion per annum in corp welfare and subsidies off the tax payer and create a tax gap of £40-£120 billion per annum. While I appreciate economic analysis as a tool to use as counter-propaganda and for educational purposes. My view is that Money is an illusion, it's the curtain that hides the disappearing lady as she slips down through the trap door in the floor. Nothing more than a trick of the light to attract magpies who like shiny objects. A middle man to help the global criminal elitists to cheat the vulnerable and the gullible. Once you know how the magic trick is performed, further study becomes redundant to a pauper like myself.
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@Vroomfondle1066 Yea I'm not suggesting going back on the gold standard, I'd propose an ecologically friendly, sustainable resource-based economy where goods are valued based on rarity, usefulness, sustainability labour intensity etc. But that's something that requires an ideological shift in the public's thinking. So I'm not holding my breath :)
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@Vroomfondle1066 There is no currency in a resource-based economy Nat. Resources themselves have values that are interlinked by rarity, usefulness, sustainability, labour intensity, transport costs etc. The 'cost' is how long it takes to gather the resource, transport and refine said resource which are essentially energy, labour, other resources required etc. The trouble is we are all brought up with capitalist thinking, which predisposes us to think of alternatives in a capitalist light. Hence why we need an ideological shift. Sorry if my explanation is lacking. But I'm trying to be concise :)
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@TheRoz93 I read the introduction online and it sounds as if he is talking about the same things as me. We allow finance to dictate our morality, we see excess deaths in the NHS as justifiable despite how easily we could avoid them. I've bookmarked the online edition to read when I have time, thanks for the link.
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@stevenmackay3342 FIAT currency is only tied to citizens in that we are used as collateral by the government. Fractional Reserve Banking allows a bank to have as little as 10% of the assets it loans. So essentially loan out 90% more than they have. We don't have that ability and when we get a mortgage the bank creates the cash, not us. Bonds are a debt obligation, just another form of national debt with us as collateral. The difference in language and scale are all important, we as individuals can't create sovereign bonds or create money.
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