Documentaries on Money: The Money Masters, Money as Debt, 97% Owned
Trader's Film Library #64 · People, money and institutions. Documentaries on money that are worth watching with scepticism.
Original title: The Money Masters · Money as Debt · 97% Owned · Type: documentaries · Created by: various · Usefulness for traders: ★☆☆☆☆
What it's about
Three documentaries about how money is created and the role banks play: “The Money Masters” (1996), “Money as Debt” (2006) and the British “97% Owned” (2012).
What it has to do with markets
All three explain that most money is created by commercial banks when they make loans, which is consistent with what central banks themselves say. Some of them, however, go further, towards conspiracy theories and simplifications that economists criticise.
Lessons for traders
- check whether a film explains or is pushing a thesis
- an attractive, simple story about a “hidden truth” is a typical narrative fallacy (#26)
- central banks themselves write reliably about money creation
What to watch out for
Watch critically. The most reliable of the three is “97% Owned”, the most conspiratorial “The Money Masters”.
Discussion
The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →
Navigation
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The description outlines the plot without revealing the ending where possible (true stories have a known outcome). Educational content, not investment advice.