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Richard J Murphy
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Comments by "" (@charliemoore2551) on "You’ve got no money in the bank" video.
Great video and some very inspired comments here. The use of analogies like Mary Poppins and Alice in Wonderland are helpful. I like the Wyle E Coyote comparison: We can all defy gravity until we look down and see the canyon yawning beneath us. Hence the collapse of Northern Rock, Bear Stearns etc. It all works as long as we believe it does - until we don't and then it doesn't! Keeping it mysterious and obscure allows those that understand it to hoodwink the rest of us and work what is essentially a system of flowing debt to their advantage. Explaining it in terms we can all understand, nibbles away at their power. Excellent start to the series.
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Quite right. But it's workers who produce the value which that money represents.
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@edwardmclaughlin7935 Indeed. A senior moment, perhaps. Thank you for pointing that out.
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