Video I put together to teach the mathematics of how the system is rigged in favor of banks and Wall Street ( conspiracy )

submitted by salvia_d

I came to the conclusion a few years ago that the reason the Fed Reserve and the banks and Wall Street have been able to control every aspect of our society without any real resistance is because of our horrendous education system, especially in regards to teaching mathematics. So I decided to do something about it, teach math.

I have a lot of strictly math videos out but I thought you guys would specially appreciate this one. It’s all about interest rates, exponential growth, compound interest, devaluation of fiat currencies, and how ridiculous our current economic system is and how it favors money lenders. In short:

“How Interest Rates Affect Our Society”

The first thing we do is look at the compound interest rate formula and solve two simple problems 2:18 , then we create a table and graph it and look at how different rates of interest including inflation play out over 100 years and how fiat currencies gets devalued 15:57 , and finally we talk about what all this means including how in the limit the banks and Wall Street will own everything 55:41 [if you want to skip the math and get to the interpretation then 55:41 is where you want to start].

The main concept that I’m trying to get across in the video is the approach to analysing capitalism referred to as Differential accumulation . If you haven’t heard of this I highly recommend reading the following article: “Differential Accumulation” by Shimshon Bichler and Jonathan Nitzan .

Other than that, hope you enjoy, and comments and feedback are always greatly appreciated.

Peace

salvia_d

Cool, very glad you liked the video. I really tried to connect as many dots/ideas as I could while trying to make sure that the main message was not lost.

As a follow up to the model of Differential Accumulation I would suggest visiting the Capital as Power website. They also have Forums that might be helpful (I actually only found out about this site after contacting Prof Nitzan).

As for a follow-up video from me, I do have one lined up to do soon-ish, in the next could of weeks. After putting up this video I sent a link to Prof Nitzan thanking him for his work. To my surprise he watched the whole video and contacted me, which is very cool. Guess he liked it as well :)

He made a couple of comments/corrections regarding my wording, which I agree with fulling. So my follow-up video is going to be about exploring these ideas a little further. It will be a much shorter video, a sort of update. Here is what I will be covering - link to the comment I made on the capital as Power forum :

Prof. Nitzan was kind enough to correct me on two of my errors in this video: First, I should not just be talking about rate of interest, but rate of return. Second, quoting Prof. Nitzan, "differential growth rates do not necessarily imply the concentration of all capitalized power in the hands of a single entity. The reason is that power is a dialectical process: it elicits its own resistance, and that resistance creorders the very underpinnings of power (see for example our 2012 paper on the "Asymptotes of Power" -- http://bnarchives.yorku.ca/336/) )")

Aside from that, I plan on putting together many many more videos about the mathematics of economics in the future. It's a topic that I love and wish to share, not to mention that it's fun to do.

Baconmon

I like the relaxed atmosphere that these videos are done in.. I thought I was only going to watch a few minutes of it but ended up watching the whole thing.. I'm going to try watching some of the other ones in the ASMR Math playlist later tonight..

salvia_d

Cool, glad you liked. I started making these videos exactly for that reason. Kept on getting comments that people would get anxiety trying to learn math, so I chilled it down and overlapped it with ASMR. Fun to do :)

salvia_d

My pleasure. Peace :)

schwanstucker

Good for you! I was in lending for a long time, and trying to explain to people that the interest rates they pay on what they buy is often the difference between long term financial survival and disaster down the road. Even after calculating things out for them, they would often look at me as if I was some space alien, but I kept doING it...

salvia_d

I know how you feel, I've been at this for a long time and peoples programming takes a lot of effort and time to break. Crazy really.