### Concursante

2008-11-23“I don’t speak with economistsnever it’s a waste of time I will do an exception for you because you seem a bad economist.”. |

**Concursante** (*The Contestant*, 2007). A movie by **Rodrigo Cortes**.

"These are the rules: I speak, you listen there will be no questions I don't know your case but I know this there is only a single case, a single situation if you pay attention probably you will learn something I have chickens, you have tomatoes I want tomatoes, you want eggs what can we do? an exchange a simple exchange for example, an egg for a tomato things were this way at the beginning it's clear that tomatoes sometimes are good, sometimes not and if I want to buy a horse it's not clear how many eggs I need but if we refer to a bit of gold gold is beautiful, shining and it's rare, is valuable then we can make a conversion table if a dozen eggs it is equal to a nugget of gold and a horse costs one hundred nuggets, it is easy to see that a horse is equivalent to one hundred dozen eggs simple, isn't it? gold becomes a currency of exchange to simplify we can no longer buy a horse with eggs we change eggs with coins and it's done beautiful, isn't it? This is the first step everything is more or less the same simply now we need gold to buy things milk, meat, clothes, tools finally, the person who created the system has a place where he keeps the gold this person is an altruist, of course he doesn't want to sell us his gold, he rather lends it for example, he lends to me ten coins for twelve months asking in return a small interest say, ten per cent so he threatens his gold while I don't risk anything therefore he will need a guarantee in case I am not able to honor the agreement in your case, you will mortgage your property so the man will lend ten gold coins for your carrots in exchange? no you can keep your production of carrots and tomatoes you don't have to sell anything, you continue to work just, you should give back eleven coins in a year ten coins plus the interest how? you can sell all your products and you have a year if you fail to honor the agreement the bank will take the property. Alright? What is the problem? we assume that the bank has a total of one hundred of gold coins that is the amount of gold that exists one hundred coins, nothing more apart the good man there are other ten people: you, me, a blacksmith, a seamstress, a policeman ... ten people in total each one needs to buy gold and each one asked for a loan ten coins for each one for a total of one hundred coins the banker gave us all his gold with absolute generosity in exchange for what? a mere ten percent? a dime per person? it's right! But. According to Pythagoras, we have a problem if each one of us must pay eleven coins in twelve months where we take them? eleven coins for each one are one hundred and ten coins this means that there are ten coins of interest that we will never pay never, whatever happens there are no problems, the bank was created to facilitate things there is a reasonable solution do not worry now you pay only the interests a coin I will wait, next year you will pay the initial amount the ten coins, in short so if one pays a coin will remain with nine coins so if we have to pay ten coins at the end of the year we will have the same debt and less money. A coin in less than last year so if we continue for another ten years assuming that we have to pay only the interests in the end we will have nothing while we still have the original debt to be paid the bank will have recovered all the gold we will have nothing and still have the initial debt to be paid one hundred coins that all of us we fail to pay ever simply because there are none we lose land, livestock and the food mortgaged as collateral ten years ago in ten years, the bank will recover all his money plus all our property while we do not have anything absolutely nothing In practice we become slaves of the bank and for what? for nothing, and in return of nothing.".

*In Spanish. Requires Flash Player*