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Money, Banking, and the Federal Reserve
*taken from original movie description*
Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
Alan Greenspan is not, we’re told, happy about this 42-minute blockbuster. Watch it, and you’ll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.
Duration : 0:42:8
August 18th, 2009
another thing that …
another thing that makes our currency stable is that its backed up by nukes. I dont know about you, but it seems that the bank with the security guards seem the safest.
August 18th, 2009
most stable is a …
most stable is a horrible way to look at it. I prefere to think about it that $1 today is worth what$0.03 was worth in 1917. Just because other countries did not have the “worlds reserve currency” over the past 90 years downs mean that it’s “stable”
August 18th, 2009
However, my …
However, my argument was that the dollar was extremely stable. Decreasing in value is not necessarily a bad thing. Decreasing value of the dollar means a higher demand for US exports. We see with the example of China, the yuan is worth about 1/7 of what the dollar is, yet its exports, although slowing down, is still relatively strong compared to the other nations.
I know you’ve heard the saying, the dollar is backed up by nukes? Well…having the teeth to back you up is another incentive.
August 18th, 2009
Of course it has …
Of course it has gone up and down, but overall it has droped so now it’s a fraction of the value it was in 1970.
There is nothing earth shattering about the fact that printing money causes all the money in print to lose value. It can in fact be used as a silent tax on all of us.
For example if the government wished it could abolish all taxes and instead just print money to spend. This would be the truest flat tax possible.
August 18th, 2009
That is not true, …
That is not true, the dollar has risen and fallen. It was not a decrease. There were ups and downs. But overall it was very stable.
August 18th, 2009
The value of the …
The value of the dollar has been falling since 1970 when we did away with the gold standard.
August 18th, 2009
So, no wonder why …
So, no wonder why this $700 Billion bailout was easily processed and occured so quickly. In addition to, this does not include the recent bailouts provided to JP Morgan Chase, Citibank, WaMu, and others. This $700 Billion should be a $5 Trillion bailout at the end of this decade, because the Federal Reserve keeps giving money to the government in thin air and pay it to the corporations, banks, and other institutions.
August 18th, 2009
Wow…this is sooo …
Wow…this is sooo cynical and some facts are just outright wrong.
Why do you think other countries fought to pay for our debts before this economic crisis? its because our dollar is most stable in the world. Even more than the Euro. So despite the faults of the federal reserve, we do, still have, the strongest currency in the world.
August 18th, 2009
you are correct in …
you are correct in every word!!!
August 18th, 2009
Our Planet is …
Our Planet is controlled by Debt Interest Money. Bankers are in SLAVING the World.
With your consent.
August 18th, 2009
quick question here …
quick question here, so under Borrowed Interest Monetary System we are effectivley (in the long term) under a constant debt to the federal reserve. Thus when we work we dont earn wealth, we earn debt? So a society that operates under a system such as what the federal reserve have us in is in fact a society under slavery?
correct me if im confused, but if what i understand to be the case is in fact true then i see a cause for revolution.
August 18th, 2009
You’ll need to come …
You’ll need to come to the Alex Jones … forum.prisonplanet(dot)com/index.php … sign-up username & password (thats it) and also sign-up at prisonplanet(dot)tv (cheap) and fight the fight … that’s if you have not already done so!
August 18th, 2009
The people who …
The people who worked at Enron still lost even with “help”. The Fed didn’t do anything to help them. Even today the Fed is bailing out companies who are thus not held accountable while their execs get big bonuses. Bankruptcy would stop this from happening in future instances because they would know the Fed won’t be there to bail them out.
August 18th, 2009
The United States?
The United States?
August 18th, 2009
FREEDOM:
“Interest …
FREEDOM:
“Interest Free Monetary System”
U.S. Constitutional
U.S. Treasury
Free Enterprise
SLAVERY:
“Borrowed Interest Monetary System”
Unknown in the U.S. Constitution
Federal Reserve
Monopolies
Ron Paul is the only Candidate that has Pledged to
Again Return our Monetary Policy back to “Interest Free”.
August 18th, 2009
Ask, Huckabee, …
Ask, Huckabee, McCain, Giuliani, Thompson,
Romney, Edwards, Obama, Clinton, Richardson,
This One Question:
Will they Enforce Executive Order 11110?
YES or NO………..
JFK in 1963, was the last Legal attempt to regain
“Interest Free” Monetary Policy.
So Much for “CHANGE”!
Just More Slavery?
Focus on “FREEDOM”!
August 18th, 2009
he is right, but I …
he is right, but I think the fear of a bankruptcy which cannot be overcome also might encourage situations like worldcom, and ENRON. So there has to be a way to help people who have a reasonable chance of succeeding.
August 18th, 2009
i agree.. and it’s …
i agree.. and it’s a trip how only a few men are in charge of our currency.
August 18th, 2009
Hans hoppe the …
Hans hoppe the economist made a very good point when he said that bankruptcy is a good thing. If a business cant come through with their obligations why should someone bail them out? the fear of bankruptcy for a bank would mean they would work harder to maintain a certain status..
August 18th, 2009
Actually, the gold …
Actually, the gold would get divided up, but the value would increase correspondingly, so the total supply isn’t a problem. I think the problems lie in people cornering the gold market and hoarding.
August 18th, 2009
We need a system of …
We need a system of what a job is actually producing and how much an individual produces, being equal to what we take. no gold is needed for this. only willingness to work a real job.
August 18th, 2009
my question with a …
my question with a gold standard is:
If population stays on the rise, while the amount of gold stays the same, do we keep dividing the gold until we have a few nuggets each? Maybe there isn’t enough gold to keep using gold.
I would rather not be forced into the system by having to pay for where I sleep, (property taxes,) and just live equally amongst other humans.
August 18th, 2009
kinda hard to make …
kinda hard to make a run on the bank when there is no real, tangible currency.
August 18th, 2009
Notice the new visa …
Notice the new visa ad’s lately where they try to brainwash you into believing that using cash is bad and slows down progress.
“THEY” want a cashless society…
If that happens, it will be the CAPSTONE to the inverted pyramid that is our money system put in place by the Federal Reserve Company.
August 18th, 2009
What Von Mises …
What Von Mises doesn’t mention is that a the Fed is a private institution, NOT a govt one, as it should be! Free Markets cannot exist where monopolies dominate, and those monopolies can be corporate, private (as with the Fed) or, in non-democratic economies, governmental. The real answer in a democratic republic is to nationalize the Fed, not abolish it.