Zeitgeist: Addendum

Zeitgeist: Addendum, by Peter Joseph, was released on 2008. The work is divided into four sections. The first section explores the global debt-based monetary system and the process of money creation through the "Fractional Reserve" expansion policy used by all banks. It presents a case that the entire global monetary system is little more then a pyramid scheme which can only generate eventual debt collapse along with a society of debt servants and deprivation. The second section features John Perkins, famed NY Times best selling author who discusses his former career as an "Economic Hitman" where we helped certain institutions use loans/debt to take control of a poor country's resources and labor. This section expands to discuss the role of the World Bank and IMF and how the debt schemes and structural adjustment policies employed have served to further injure poor nations, while profitably benefit select Transnational Corporations. The third section of the work introduces an organization called The Venus Project. Started by social scientist Jacque Fresco in the 1970s, the film explores his ideas of a new social system called a "Resource-Based Economy". Finally, the fourth section presents a mix of philosophical concepts about human thought and belief, along with the foreshadowing of certain economic problems which could manifest in the future if a large scale social revolution isn't made quickly towards a new social system. (Verleiher-Text)