The video was really interesting.  I already know that banks created money from my economics class, but they talked about it as if it was such an obviously positive things that I didn't really analyze it that deeply.  This video really made me think about it in a new light.  

Disclaimer:  I'm not an expert on this. 

The power this system gives to certain privileged individuals is concerning.  I don't like the idea of non elected elites dominating our economy.  Especially when those people have the resources to control the media.

   
I think the biggest problem with this system is environmental.  My reasoning for this claim is as follows. 

 
1) The system creates an endless push towards economic growth.

 
One reason for this is because people in dept are always seeking new ways to pay it off.

 
Another reason is that the people who benefit from this system push the ideals of consumerism in order to facilitate growth.  My reasoning is as fallows. 

   
The system creates an ever increasing supply of money.   Either the economy must grow or this increase in money will lead directly to inflation.  Increasing inflation means that the effective interest rate for banks and other lending institutions is decreasing.  In order to compensate for this decrease they have to increase the interest rates that they charge.  This causes the interest rates in the market as a whole to go up which decreases the value of the dept they currently hold.  This causes people to be less inclined to borrow money, which in turn leads to a recession.  Bottom line is that as long as this system exists there will be periodic recession, and a constant push for economic growth by people who wish to keep the system running smoothly.

 
2) The environment can’t handle endless economic growth.  Their simple are physical limits to what the earth’s ecosystems can support.

 
Conclusion:  As the economy keeps growing putting ever increasing demands on the environment eventually it is going to become a problem, if it isn't one already.  

Viral banking: don't knock it if you haven't tried it? (Sorry; couldn't resist the rimshot!)

It is, indeed, true that the banks have pushed their fingers into (nearly) everything. Every orifice, every document, every board of directors, every slice of cheese, and every toilet has "Finance" (metaphorically) written somewhere on it. And the banks are given lots of power to rob you of everything you have for a late payment, overcharging an account, not "reading between the lines", etc.

This much seems relevant:

It was true 100 years ago, when Barnum was alive and people did NOT require a gigantic, expensive mortgage in order to own a condo/house of some sort. It's even true today, with subprime mortgage crises and all. But simply put, predatory moneylending is ALSO a reality, not a fantasy.

I disagree with this. Besides the more obvious reasons; like "professional trophy wife", or "highly trained, parasitic cult leader"; it's still possible to con your way into someone's heart and, of course, their home.

In the more popularized versions of this general 'meme', you can also con your way into someone's inheritance, out of their family business, into the middle of their legs (for however many nights), a good slice of their trust fund, and however many faberge eggs/diamonds/pigeon's blood rubies/sapphires and what have you that they have locked away in a safe, ready to be claimed by the next Prince/Princess Charming.

At the 'rock bottom' of this type of profiteering, is the marrying such a person, having them name you in their will, and then killing them for all the life insurance money they're worth. This sort of activity has been in practice since the late industrial revolution, and possibly even earlier than that, with many "Black Widows" having several past husbands suddenly deceased with no plausible explanation.