Zeitgeist: Addendum – 2008 by Peter Joseph

Zeitgeist: Addendum – 2008 by Peter Joseph from ZeitgeistMovie.com on Vimeo.

The word “Addendum” implies a small addition or expansion of a larger body of work. Clocking in at 2 hours and 3 minutes, Zeitgeist Addendum is a full-fledged sequel to Zeitgeist the Movie rather than a mere addendum. “Zeitgeist 2” picks up where its predecessor left off by launching a detailed explanation on the mechanics behind the monetary system and fractional reserve banking. Using the American economic system for its examples, the brooding narration explains how the central bank issues notes to the government for deposit in commercial banks, who in turn loan a large fraction of these deposits to consumers. The explanation of money purely as an instrument of debt seems philosophically valid, if not a little cynical. Filmmaker Peter Joseph’s view of the monetary system as both a pyramid scheme and a form of organized slavery serves as a basis for the remainder of the film.

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