Comments on: Watch a preview of the four-hour documentary THE ASCENT OF MONEY

By: Kristie

Kristie — Tue, 24 Nov 2009 14:37:31 +0000

I agree with Dee way to say it! The series is interesting and informative.

By: bert parke

bert parke — Thu, 23 Jul 2009 03:45:53 +0000

The market place has a life of it’s own. No longer is it lead by the real worth of a product. It’s all about speculation as to how the dice will roll. Futures ,derivatives, hedges,options are the gaming table and the players the well heeled financial institutions. You and I are mere onlookers caught up by the excitement of the game.
Greed has no bounds in a market place where there are few regulations. Do not expect a quick fix to this global disease.
Bert

By: Tom Dooley

Tom Dooley — Fri, 17 Jul 2009 20:30:36 +0000

From bacteria to elephants the same laws of nature apply.
Phase 1 – Breed like flies.
Phase 2 – The food runs out – drop like flies.
Phase 3 – Swarm out to meet your destiny – like flies.

By: Tom

Tom — Thu, 02 Jul 2009 14:20:33 +0000

Honestly people, you all need to see reality! In some ways you’re each right and so you claim the authority to “preach” all of that none sense that follows. Fact is “money” is neither more nor less than an IOU for labor. Yes I know you say; “no that is not true” but think about it, the question is not whether a dollar is ultimately exchanged for labor, the question is only “how much labor” can a dollar, or a gold bar, or a piece of toilet paper be exchanged for. You may give more; I may give less, as such we each as individuals assign our own value to it!

By: Dee

Dee — Thu, 04 Jun 2009 12:08:39 +0000

Robust discussion and valuable comment and all due to a program that demystifies the financial system for a public that is hijacked every day by opinion makers who exploit their ignorance of these topics. Thank you for watching and thanks to the makers of this program. Maybe if people realize there need to be vigilant and involved in politics then they will do something to improve the system which allows a few greedy folks to destroy the wealth built by all of us for our future. It should be a crime to cheat ten people out of a dollar to make one for yourself. What good is it to amass a fortune if you destroy the community and the way of life you wish to enjoy when you get old. In the end there is no where to run and no where to spend that money. This is not a mystery, the lesson is there for every parent to see, give your children too much and they do not prosper, give them too little and they perish, the evil is in the extreme. As the gap between rich and poor gets bigger and more extreme the obscenity eats away at our society like rust would a great bridge, if we wait until it begins to collapse before we do something about it it will be too late, so get out your paint and start preventing with everything you got. Civilization is worth saving, it is all we have.

By: greg

greg — Fri, 10 Apr 2009 08:21:29 +0000

Ferguson makes a very misleading statement right at the beginning:
“But what is this thing called money, anyway? The answer is simple: it’s the tangible expression of the relationship between lender and borrower; creditor and debtor – a relationship built on trust – and whether money takes the form of silver coins, seashells, bars of gold or banknotes, that’s been true from ancient times, right down to the present day. Even lumps of clay can work better than silver coins, if people have enough confidence in them”.

This is astounding to hear someone of such stature make such a foolish statement, which puts his credibility in serious doubt.
1. commodity currencies are not equivalent to debt based currencies, such as banknotes. Ferguson is wrong to say that a transaction with a commodity such as silver or gold involves a relationship between ‘lender and borrower’ – unlike fiat money, commodities have value unrelated to debt – there is no lender or borrower in a commodity trade; there is simply a trade of value, not a transfer of debt.

2. to imply that money is all about ‘confidence’ ignores the fact that silver is objectively more valuable than clay as a monetary instrument due to its scarcity, and other attributes.

I am sorry to see that this man appears to be just another cog in the misinformation stream, which benefits only the elite of criminals in high places, politicians and bankers.

By: Rob

Rob — Fri, 03 Apr 2009 16:46:42 +0000

Actually Sam, deregulation started with the patron-saint of the Republicans, Ronald Reagan. You are correct about Clinton, but deregulation started long before him. One point you can’t dispute is that Clinton was much more fiscally responsible than W. In 2006, W had already increased expenditures by 33%. Clinton was the best fiscal conservative president in a long time, while W and the Republican Congress were defenders of big biz. BTW, the 33% growth does NOT include defense and homeland expenditures so don’t blame it on 9/11.

By: MBA

MBA — Fri, 03 Apr 2009 13:50:40 +0000

I am very much with Sam here. And Vince, what are you talking about? These last couple of years Bush had to fight the democrats in both chambers of the Congress! He could not do whatever he wanted!

Many of the damaging initiatives where brought about in Clinton’s presidency. It is called market intervention and it will of course screw up the economy when the world’s most powerful man intervenes in the operations of the largest credit companies in the world!

By: Vince

Vince — Mon, 23 Mar 2009 00:16:44 +0000

It is obvious “sam” spent the last eight years on Uranus. Get back to earth bozine. The Democrats have been on the sidelines watching the Republicans whore themselves to the lowest bidder. The American Public are sick and tried of your stupid childish rantings and misinformation. We are headed to a depression because of morons like you who defended a criminal regime in the White House the last eight years.

By: tyler

tyler — Wed, 18 Mar 2009 18:51:56 +0000

So wat sam is sayin is that it would’nt have really matter if Bush had one or not…we would still be is this crisis..