The Four Horsemen Review

Nader Youssef

90012067

                                The four horsemen review

The banking part of the documentary was really interesting and beneficial they tried to exploit the flaws in the banking system.   Crucial concepts, such as the creation of money out of thin air through fractional reserving, debt, and monetary policy, are explained in very simple terms.. This section also makes a brief but important description of the history of money, by explaining how the fiat money system replaced the gold standard and how the abuse in money supply has drastically reduced the value of our currencies over the last decades. The origins, definition and application of capitalism are then explained and challenged. More particularly, the differences between classical and neo-classical schools of thought are summarized, as well as how those differences impact the distribution of wealth in a society.

Conspicuous financial specialists make an immediate connection between worldwide social inequalities and the radicalization of the third world by taking the American protection policy as an illustration. To be sure, the war on terrorism, which has been very instrumental in spreading a propaganda that mainly served monetary interests in the West, has brought on whole countries like Pakistan to be poorer, more disorganized and more extremist. I by and by discovered this area exceptionally interesting.

After terrorism they moved to resources. This section explains how in front of depleting resources and an exponentially growing world population, the more we grow the more poverty we create. Specialists challenge the thought that growth ought to be the sole goal of a financial framework. The key natural resources that have traditionnaly fuelled monetary development have turned out to be progressively uncommon and ineffectively conveyed. Non-renewable fossil energies like oil are turning out to be more hard to exploit, and if social orders don't locate a more helpful approach to corporate and revamp their monetary frameworks around normal interests, a public feeling of possession, obligation and reason we will have a significant issue.