|⇦|| Episode #577 - Money = Debt = War
(The Rothschild Formula and The Myth of Barter)
|⌚ Sat 12 November 2011 ☻Edward Griffin, David Graeber (reading)|
Download Hour1 Download Hour2More of money's dark secrets this week. We begin with Edward Griffin on the connection between debt, central bankers and their direct financial interest in perpetuating war and the threat of it. We conclude by reading The Myth of Barter, chapter 2 of David Graeber's Debt, The First 5000 Years.
By examining the origins of central banks in Europe, Griffin suggests a template to understand just how an elite, whom he calls international financiers, profit from perpetual war. This strategy, which he calls The Rothschild Formula, is basically the international organisation of financiers. Presenting a unified front allows them to exert power over individual national governments, provided they could be kept on hostile terms with one another (a topic which is expanded upon further in a A Brief History of Plutocracy, which features in episode 585). Focussing particularly on the first half of the 20th century, he recounts some extraordinary events which point to the hidden hand of these financiers, such as the involvement of foreign capitalists in the 1917 Russian Revolution.
Griffin continues into our second hour, after which we read The Myth of Barter, chapter 2 of David Graeber's Debt, The First 5000 Years. He soundly refutes the 'myth of barter', which was proposed by Adam Smith in 1776 to be an intermediate stage in the evolution of money, a misapprehension which is still widespread today.
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