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Money as Debt - Essay Example

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But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let the bankers continue to create money and control credit."
I thought that it would be a fitting quote to open up this essay, seeing that I am to write about the financial crisis that is going on in the United Kingdom. What better person's quote to use than the director of the Bank of England
As if people may not know, the world is experiencing a so-called global financial crisis. Everywhere an individual turns; there is talk of job-losses, recession, tough times and times getting harder, no matter which politician or elected official gets put in office. It is as if Charles Dickens' novel "A tale of two Cities" really isn't a tale at all. It seems that this author's book was and is effectively serving a preamble of things to come and what is happening right now. Truly it is the best of times and the worst of times simultaneously. It is the best of times because as you may know, there are winners and losers in every situation in life.
In this essay we will analyze the financial crisis that is happening in the United Kingdom. We will analyze the crisis thereof using political, economic, social, and technological factors and attempt to discover useful solutions to the problem at hand. We will take a no nonsense approach to identifying the problem, government attempts to solve the problem, and
The relationship between United States and Great Britain
It has been exactly two hundred thirty two years since the United States declared independence from Great Britain, and now it seems as if both nations are in the same predicament. And even though the founding fathers of the United States didn't want to have a central banking system similar to Great Britain because of the evils inflicted upon the colonies, have similar systems of central banking. Both of the nations have the same colors on their flag, which are red, white, and blue. Let's just hope that England's colors don't represent the same virtues as America's flag; red being blood, white being purity and blue meaning truth. Henceforth, here is a truth again taken from the film Money as Debt from American founding father Benjamin Franklin. "The inability of the Colonist to get power to issue their money permanently out of George III and the international bankers was the PRIME reason for the revolutionary war."
However, the colors of the two nation's flags are not as important as the shade of times that the two countries are living right now. Let's look at the Bank of England and look at our friend who started the whole concept of banking. For the sake of this essay, let's call him Gary the Goldsmith.
The History of money
Mr. Paul Grignon's video which can be found ...Show more


Do you ever wonder how one country began to have a financial crisis, then all of sudden, other nations just so happen to jump on the bandwagon or fall into the fold Do you ever wonder how and why so many people are loosing more money and facing more financial devastation more than ever Furthermore, do you ever wonder what the unseen, nearly clandestine individuals who control and implement policies containing to different monetary systems have to say about credit and the concept of money Well, just read this quote which was pulled from a short animated film which can be viewed on entitled Money as Debt.
Author : madalinehirthe
Money as Debt
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