Uploaded November 2019 | Updated September 2026, 2 weeks ago
This video is a correction and reply to the part-correct and part-conspiracy theory video titled "The Collapse of The American Dream Explained in Animation". I explain the needed nuance and show the conspiracy theories used in it.
Link to the original :
Part 1: youtube.com/watch?v=ExBE651_vOY
Part 2: youtube.com/watch?v=Go0DLC1Thek
Twitter: twitter.com/Viki1999Yt
Trans script (Not all of it since youtube has a maximum description length):
Intro
The collapse of the American dream explained in animation.
It’s a video or rather a film released in January of 2010. I remember watching it at around 14 years old and going: “Oh well. That’s good to know.” Lately I watched it again and … I am afraid we are gonna have to talk about it because there is a lot of wrong stuff in this.
We are gonna go through the entire thing and say where it’s right, where it’s wrong and where is spreads antisemitic conspiracies from the 1850. Yea it has those. – Anyways. You’ve probably seen it. It has roughly 9 Million views and a 94% approval rating. It seems people are taking this seriously so let’s have a look at it.
The Story
The story follows a man named Pile who just moved into a new property. To buy it he took out a loan at the bank. Unfortunately he can’t pay back his mortgage and the bank forecloses his property…
This is supposed to resonate with the viewers. In 2008, during the mortgage crisis many people lost everything they had. Those people are supposed to identify with Pile. He wonders how this happened just as his friend named Hardman teleports next to him with a time machine, or I guess he time travels next to him?
Anyways Hardman tries to convince Pile, and by extension the audience of his… uhm… I am not gonna say conspiracy theory buuuut misinformed explanation of how things work. Okay yea it’s a conspiracy theory
Anyways Hardman shows that the bank that Borrowed Pile money did it to make [CENSORSHIP] of interest. To make more [CENSORSHIP] they offered more and more loans to people with worse and worse credit. To be able to make even more money they get money from the FED. The banks even divert to credit cards to give people the ability to loan even more money even more easily. So far there is nothing factually wrong here and it’s just a surface level explanation of the financial sector and the way the mortgage crisis began. Do not worry we’ll get into the conspiracies in a bit.
Anyways afterwards Pile asks Hardman where the FED get’s the money it gave to the banks. Hardman explains that they don’t give it to the banks they LOAN it to the banks and that more importantly, the FED just calls the Mint to print money. And on top of that the FED also loans money to the government which then has to raise the taxes on the people to pay off the interest which means that the people are paying that bank! And this is where we meet the first lie of the video.
Hardman says that it’s unconstitutional for the FED to control the printing of the money since it’s a private company. He says that it’s outrageous that a private company like that could call up the Mint to print money and then loan it to the government and demand that they pay interest on the money they just printed. And he is right! It would be outrageous if a private organisation made money that way. It WOULD be. If that was true. But… it isn’t.
The FED isn’t a private bank, it’s owned by the federal government of the united states. The chairman along with the 12 members of the board of directors are appointed directly by the president. On top of that all of the [CENSORSHIP] the FED makes goes directly to the department of treasury so the [CENSORSHIP] made off the interest the government has to pay goes to….the government.
Meaning that when Hardman says that the government uses taxes to pay interest to some private mastermind bank owner he is lying. Let’s continue with the video. After Pile says that he doesn’t see why it’s a big deal, much like you should now that you know that Hardman just made up a conspiracy and tried to convince us to believe it. Hardman just calls him ignorant.
They travel to the 10th century and witness the invention of money. Of course money is 6000 years older than that but looking at how they invent paper money and the printing press in the same scene I am gonna ignore the historical inaccuracies.
Hardman explains that money is just something used to make trade easier since everyone agrees that gold is valuable. Then they witness a banker inventing paper money. He stores peoples gold in his vault and gives them a piece of paper which says how much he owes them. He quickly get’s the idea to print more IOUs than he has gold which leads him getting fucking lynched…. Yea that was my reaction as well.
This video is a correction and reply to the part-correct and part-conspiracy theory video titled "The Collapse of The American Dream Explained in Animation". I explain the needed nuance and show the conspiracy theories used in it.
Link to the original :
Part 1: youtube.com/watch?v=ExBE651_vOY
Part 2: youtube.com/watch?v=Go0DLC1Thek
Twitter: twitter.com/Viki1999Yt
Trans script (Not all of it since youtube has a maximum description length):
Intro
The collapse of the American dream explained in animation.
It’s a video or rather a film released in January of 2010. I remember watching it at around 14 years old and going: “Oh well. That’s good to know.” Lately I watched it again and … I am afraid we are gonna have to talk about it because there is a lot of wrong stuff in this.
We are gonna go through the entire thing and say where it’s right, where it’s wrong and where is spreads antisemitic conspiracies from the 1850. Yea it has those. – Anyways. You’ve probably seen it. It has roughly 9 Million views and a 94% approval rating. It seems people are taking this seriously so let’s have a look at it.
The Story
The story follows a man named Pile who just moved into a new property. To buy it he took out a loan at the bank. Unfortunately he can’t pay back his mortgage and the bank forecloses his property…
This is supposed to resonate with the viewers. In 2008, during the mortgage crisis many people lost everything they had. Those people are supposed to identify with Pile. He wonders how this happened just as his friend named Hardman teleports next to him with a time machine, or I guess he time travels next to him?
Anyways Hardman tries to convince Pile, and by extension the audience of his… uhm… I am not gonna say conspiracy theory buuuut misinformed explanation of how things work. Okay yea it’s a conspiracy theory
Anyways Hardman shows that the bank that Borrowed Pile money did it to make [CENSORSHIP] of interest. To make more [CENSORSHIP] they offered more and more loans to people with worse and worse credit. To be able to make even more money they get money from the FED. The banks even divert to credit cards to give people the ability to loan even more money even more easily. So far there is nothing factually wrong here and it’s just a surface level explanation of the financial sector and the way the mortgage crisis began. Do not worry we’ll get into the conspiracies in a bit.
Anyways afterwards Pile asks Hardman where the FED get’s the money it gave to the banks. Hardman explains that they don’t give it to the banks they LOAN it to the banks and that more importantly, the FED just calls the Mint to print money. And on top of that the FED also loans money to the government which then has to raise the taxes on the people to pay off the interest which means that the people are paying that bank! And this is where we meet the first lie of the video.
Hardman says that it’s unconstitutional for the FED to control the printing of the money since it’s a private company. He says that it’s outrageous that a private company like that could call up the Mint to print money and then loan it to the government and demand that they pay interest on the money they just printed. And he is right! It would be outrageous if a private organisation made money that way. It WOULD be. If that was true. But… it isn’t.
The FED isn’t a private bank, it’s owned by the federal government of the united states. The chairman along with the 12 members of the board of directors are appointed directly by the president. On top of that all of the [CENSORSHIP] the FED makes goes directly to the department of treasury so the [CENSORSHIP] made off the interest the government has to pay goes to….the government.
Meaning that when Hardman says that the government uses taxes to pay interest to some private mastermind bank owner he is lying. Let’s continue with the video. After Pile says that he doesn’t see why it’s a big deal, much like you should now that you know that Hardman just made up a conspiracy and tried to convince us to believe it. Hardman just calls him ignorant.
They travel to the 10th century and witness the invention of money. Of course money is 6000 years older than that but looking at how they invent paper money and the printing press in the same scene I am gonna ignore the historical inaccuracies.
Hardman explains that money is just something used to make trade easier since everyone agrees that gold is valuable. Then they witness a banker inventing paper money. He stores peoples gold in his vault and gives them a piece of paper which says how much he owes them. He quickly get’s the idea to print more IOUs than he has gold which leads him getting fucking lynched…. Yea that was my reaction as well.
