"Monetary" by Adolessonz - analysis #8

teasing analysis

Let me tease you and give you short analysis of my favourite parts of "Monetary".

#8 What's wrong with our money? (Prof. Franz Hörmann Skit)

Prof. Franz Hörmann explains in this skit how a financial crash down works. He was invited to give a a presentation how technology can change accounting systems in a positive way. To see the full presentation at TEDx, click here: TEDxPannonia 2011 - Prof. Franz Hörmann - Society 2.0 - Entering a World Without Money

"First of all what's wrong with our money? Most people seem to believe ok, we have a financial crash-down, just let's cut on public spending pay back some debt and return to business as usual. This is not possible, why? Because money is not a positive value, money is invented by the banks. If you go to a bank and you get a loan, they don't give you money that lays around in the vaults of the bank, the bank that gives the loan doesn't have the money. (...)" - Prof. Franz Hörmann