Wednesday, May 13, 2015

Will bitcoin be the new money ?



 

This video "The End of Money As We Know It " was from theauthor Torsten Hoffmann.
This video had been awarded from Amsterdam as  Special Jury Prize, World Cinema Documentary Short

 


The End Of Money As We Know It traces the history of money from the ancient world to the trading floors of Wall St. The documentary exposes the practices of central banks and the dubious financial actors who brought the world to its knees in the last crisis. It highlights the Government influence on the money creation process and how it causes inflation. Moreover, this film explains how most money we use today is created out of thin air by banks when they create debt. Epic in scope, this film examines the patterns of technological innovation and questions everything you thought you knew about money. Is Bitcoin an alternative to national currencies backed by debt? Will Bitcoin and cryptocurrency spark a revolution in how we use money peer to peer? Is it a gift to criminals? Or is it the next bubble waiting to burst?

I did stumble upon this video and i do share with the author about the history of money and how it is being used as of today. The present system  is no longer serving the interest of the many and the financial system is being manipulated. And with the invention of the new money which is bitcoin it is most likely that the financial system would be disrupted and a new system will be installed but the time  no one knows.