Ex Nihilo: the truth about money review
If you are interested in money - and who of us isn't? - then you must watch a new YouTube documentary video from the British economics think tank the Cobden Centre. It's called Ex Nihilo - the Truth About Money. In just over one hour you will be shocked and aghast at the levity with which our governments handle this extremely serious business - the means of exchange and the store of value.
As horror films go, this one has no gore but plenty of hold-onto-your-seat moments. Directed by Clive Davis, written and produced by Max Rangeley and Geoff Blanning, it has the cinematic wow of the best of Hollywood and the educational grip of the finest university tutor
"We're now entering a world where Millennials and Generation Z - the people born from the early 1980s onwards - are likely to be the first generation since the before the Industrial Revolution to be poorer than their parents." That harsh truth, one that contains the seeds of social discontent, kicks off the film. As Kerry Halferty Hardy says, "people don't have a belief in the system any more." From there the film takes you into a fascinating tour of the complex but critical issues of money creation, honest money, interest rates, and monetary expansion. An array of experts take us through the reasons why this "monetary socialism" (as the UK MP Steve Baker says) has failed and is driving us blindly into the deepest hole imaginable. I give it five stars - in a star rating system that has not been debased!