This documentary examines the history of money and patterns of technological innovation to explain how the controversial crypto-currency Bitcoin works. Is it the future of money or a recipe for financial disaster?
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Reviewed in the United States on December 18, 2017
Very well done documentary packed with a lot of relevant information not only about Bitcoin but also about the history of Money, banks, digital currency and the direction that is likely to come. Wish I had watched this sooner!
Reviewed in the United States on September 14, 2015
As an introduction to Bitcoin, I think this film is the best overall combination of interesting and well-made documentary, great information about bitcoin, and fascinating historical perspective about how excesses of the world’s financial systems have created the need for an independent system like bitcoin.
This film explains the compelling social value of creating a virtually free and instant global peer-to-peer transaction system that can bring the ability to transact money to nearly 3 billion people in the world today whose only way to send money currently is to pay global financial institutions like Western Union anywhere from 9% to 30% per transaction. And this from people who have virtually no money to start with. The fees that third world people pay to send money exceed all of the global financial assistance to these nations combined and help to guarantee that these poorest of the poor cannot escape perpetual exploitation.
For the rest of the world, the bitcoin system frees individuals from the tyranny of “magic money” - as this documentary labels it - that is spun out of thin air by central banking systems, an architecture that has today been almost totally hijacked by a fusion of financial institutions and government into a machine for extracting money from the masses and funneling it to a handful of stupendously wealthy insiders. As this documentary informs, the Federal Reserve is a PRIVATE BANK, with virtually no oversight or transparency, and the way magic money is created and exchanged between the Federal Reserve and gigantic banks is secret and has never been audited. It was an astonishing revelation for me to discover that while our currency is being debased in value every year by the creation of new magic money by banks and the Federal Reserve (the dollar has lost 96% of its value in the last hundred years), this means in fact that all of the “growth” of the economy (i.e., the new magic money), goes straight into the pockets of those who create the magic money - i.e., financial institutions. The rest of us - you and I - those who are not inside the system - pay for the magic money directly out of our pockets in the form of devaluation of our money in the form of inflation. I think The End of Money As We Know It is at the top of the list of must see documentaries.
Reviewed in the United States on September 25, 2017
Well thought out documentary. Starting with fundamentals of currency, economy and their ties with politics to then show some of the flaws on the traditional economic system. The explanation on bitcoin and blockchain should be more detailed so that newbies get a grasp on them. Some of their positive impact and benefits is nicely shown.
Knew nothing about bitcoin except a brief mention in the movies "Dope". Interesting concepts. Really made me think more about the USA economy and how in the dark the majority of Americans are and that is scary.