The Four Horsemen | Lessons from a Failed System1 min read
The Four Horsemen is a 2012 British documentary film directed by Ross Ashcroft. As the weakest recovery since the Great Depression continues, the makings of the next crisis may be well along. The flawed banking system and rising debt are is at the heart of the issue.
According to its synopsis on Wikipedia,
“The film criticises the system of fractional reserve banking, debt-based economy and political lobbying by banks, which it regards as a serious threat to Western civilisation. It criticises the War on Terror, which it maintains is not fought to eliminate al-Qaeda and other militant organizations, but to create larger debt to the banks.”
As many of these documentaries propose, the answer rests in a return to classical economics and the gold standard. Among those interviewed are Joseph Stiglitz, former chief economist at the World Bank; Noam Chomsky, linguistics professor; John Perkins, author of Confessions of an Economic Hit Man. Most of us at Pinnacle have read the book Economic Hit Man and simply love the story.
The Four Horsemen | Deeply Flawed Banking System
From a biblical standpoint, the Lamb of God summons four ‘beings’ that ride out on white, red, black and pale horses. These are the four horsemen, and are thought to represent Conquest, War, Famine, and Death. Known also as the Four Horsemen of the Apocalypse. Finally, the documentary suggests,
“A system of reformed capitalism built on independent money, a tax system based on consumption, not income, and employee owned businesses would begin to build an economy that’s not dependent on constant growth to service its debt.”