The Thrive documentary is a fascinating exploration. However, with respect to the monetary system (fractional reserve lending - 55 minutes in), Foster Gambles' explanation is good, but thirty years out of date. Since 1994 we have been in 0% reserve system, as I explained in my own most recent Substack post 'Mammon'. What Gamble describes here might be called a 10% reserve system, but the banks have moved far beyond this. In fact, even the current system is at an end; hence, 'The Great Reset.' If we're still trying to get our heads around a system that was replaced thirty years ago, I'm not optimistic we'll get our act together in time to figure out what's coming next, but I must keep pointing these things out. . . Love those crop circles. . . I wonder why most of these are concentrated in the UK?
The Thrive documentary is a fascinating exploration. However, with respect to the monetary system (fractional reserve lending - 55 minutes in), Foster Gambles' explanation is good, but thirty years out of date. Since 1994 we have been in 0% reserve system, as I explained in my own most recent Substack post 'Mammon'. What Gamble describes here might be called a 10% reserve system, but the banks have moved far beyond this. In fact, even the current system is at an end; hence, 'The Great Reset.' If we're still trying to get our heads around a system that was replaced thirty years ago, I'm not optimistic we'll get our act together in time to figure out what's coming next, but I must keep pointing these things out. . . Love those crop circles. . . I wonder why most of these are concentrated in the UK?
Thank you for the monetary system update.