actually,,, banks do create money out of thin air... if i open a bank today and put $10 in the vault,,, i can write you a loan for $100... that's 90 dollars of thin air...
Its not applicably correct to say banks create money out of thin air. This would be chaos. The loans represent deposits. It is a pyramid scheme which is basically a bubble. If we want a bubble free economy, then banks should be 100% capital to loans, which would mean real saved resources are used for loans.The fractional reserve banking was quite successful and beneficial for a while.Recently its created derivatives and other financial instruments that are useless and dangerous to average people
none of this makes much sense. Wouldn't it be better for the entire planet to just get rid of the bankers once and for all? They're the cause of all the worlds problems! Including war.
If everybody in the usa is purchasing gold coins, and the price of gold is sky rocketing, will the gov. once again seize their gold and use it to pay the national debt? Scary thought...
I have ask about this story. It may about monetary system but I read this is fable (Hansen, Bradley A. (2002). "The Fable of the Allegory: The Wizard of Oz in Economics").
Let's sync "The Wizard" up with Pink Floyd's "The Wall", along with a split frame running "Alice in Wonderland" and see what happens. Maybe our debt will just disappear. Ha,Ha,Ha!!! I love propaganda like this.
~Adolph Hitler, "Tell a lie often enough, loud enough, and long enough, and people will believe you."~
As an Electronics Engineer; Gold, Silver, Platinum, and other precious metals "are" the true currency to the American dream. To sit and imagine a world of electronics without these metals is like thinking rubbing to sticks together will power my micro-controlled circuits. Funny!?! The American dollar is approaching worthlessness at an alarming rate..., Gold & Platinum are at ~1.5k an ounce. WHY? Instead of wasting time on this video take some time to know the electronics you so value.
@VoteRealVotePaul Hi trained as an Electronics Engineer myself, currently trying to look in to economics. One point I have in my head if there is hyperinflation in the US as in Germany post WW1, and then a pint of milk may cost a million dollars, 16 trillion is a lot easier to pay off. There for the US and UK could pay there depts. by inducing hyperinflation. Or am I taking crap?
@wispa2 Pointed out to another that in 2008 a nickels value as metal was 20.6% above currency value and to date it costs 1.7 cents to produce a penny. Trying to understand economics myself and am totally savvy; but I found that gold hit an all-time high of $850 in 1980, By the end of 1974 gold peaked at $195.25/ounce on December 30, 1974, dollar price of gold had fallen to $104.00 on August 31, 1976. Due to !975 bailout. Something always has to back the paper we print.
@VoteRealVotePaul Suppose to be "not" savvy. :) Currently holding our paper money up is the "tax payer" guarantee. Every household in America owes $126K I think this and skyrocketing metal prices are the direct result of devaluing the dollar through fiat money..., our dollar seems to also be stabilized as a petrol currency because of it's status as a "World" currency; countries are considering dropping the PD. China won't take our hyper-dollar to pay 1.6T in debt.
@VoteRealVotePaul I think whether we realize it or not "Inflation" is a tax just as much as printing money without a security to back it devalues the monetary system. If China and Japan called in the 50.7% of US Treasury Securities that they owe, and countries in Asia & the Middle East debase the Petrol dollar by purchasing oil with gold - I think that you would see $16T instantly turn into a $100 to $116T in total debt. I could be wrong but I'm saving my coinage!!!
@VoteRealVotePaul Thank for your reply, I will have a look at your vids. I seem to see it the same as you, with the US/EU sanctions on Iran has pushed the world further away from the dollar, they will now sell the oil to India and China for the same price but paid for in Gold, resulting in cheaper oil for China more expensive oil for the west. This is the best our leaders can do?
@wispa2 If you do any price comparisons ditch paper money and use Gold for your calculations ie how much oil, wheat can I buy with an oz of Gold the world starts to look very clear.
I have also learned a lot about your constitution (Ron Paul inspired) It is one of the greatest work of human intellect model for all sovereign nations, look after it. :-)
@astiles18 No, Ron Paul's point is you need restrictions on what the suppliers of money can provide. Gold can do that, constitutional amendments can do that. If congress gave itself the ability to print money to no end, as is suggested here, they'd have just as much of a field day as they are right now.
He keeps referencing quantity of money. Well isn't that the point about gold and silver? It's in LIMITED QUANTITY. Also, Gold/Silver backing a U.S. dollar without the Fed would be better than what we have today. But there's other problems with our banking system. Need to also get rid of the FDIC (good luck with convincing the people of that..)
0:01:58 "Americans are being robbed blind and they don't even know who is doing the robbing"
I think the average American knows that they are being robber, but it is impossible to reveal these robbers without being labelled as an anti-Semite, unpatriotic, UnAmerican and probably would be marked as terrorist as well.
Not to mention their face will be broadcasted by Fox news 24/7 if they tried to reveal the robbers and O´reilly will the people unamerican and terrorist
Real quote by Bismarck:I fear that Jewish banks with their craftiness and tortuous tricks will entirely control the exuberant riches of America and will use it to systematically corrupt modern civilization. The Jews will nothesitate to plunge the whole of Christendom into wars and chaos in order that "the earth should become the inheritance of jews.
Author of this video forgot to mention that the bankers are "JEWISH BANKING MAFIA" and there was never NON JEW chairman of Federal Reserve. Lincoln was assassinated by jewish banker and so was Garfield. JFK sign his dead sentence when he want to ousted the jewish bankers because in his first term he realized that the true power in US is not president,but JEWISH BANKING MAFIA. Adolf Hitler ousted the jewish bankers so USA have to come to rescue the jewish banking mafia in Europe.
Forum Post: Occupy the Grand Jury - Volunteer for the Grand Jury - We as the People hold the power to stop all victim-less charges that are based on bad laws, misapplied laws and laws that are really under color-of-law like protesting [Read the 1st AMD]
"Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values." (think Federal Reserve Act -1913)
"Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it becomes, marked: 'Account overdrawn.'"
private central bank vs public central bank = a false argument pushed by Bill Still the masonic shill. The REAL problem is FIAT money
The only shill here is you. Metals are investments, not a basis for currency. Currency gains power by the amount in circulation (inflation/deflation), it has nothing to do with what it is made out of, what backs it, or anything of that sort.
@HKmaroLS1 Its not a "basis" for worth, it IS worth. And you don't have to use gold or silver if you don't want, use whatever you want. The point isn't WHAT money is made out of as long as it has its own WORTH based on objective values. When money is only worth something because the government says so, and because they FORCE you to use them, then THAT is the fraud. Paper money has NO WORTH - no more than any other counterfeit money.
Something only has worth if it can be traded for something else of perceived equal value. If there were only $5 in all of america then one of those (paper) dollars would be worth more than a swimming pool full of gold.
@HKmaroLS1 If there was only $5 in america than it would be worthless because A. It has no value outside of being a currency, and B. Being that there were only 5 of them they wouldn't work as a currency either.
Thanks for proving my point. A. exactly, currency should have no value other than being a common denominator for trade based on the amount of currency in existence. B. which is why rare metals cannot be used because there isn't physically enough to sustain trade and expand with population growth.
@HKmaroLS1 A. I didn't prove any point of yours.Currency in fact can be anything you want it to be, whats lacking today is that freedom - ask Bernard von Nothaus. B. Rare metals have been used and will always be used, because they have their own value. All trade has to be value for value. When you use a worthless currency, you are handing value over to the issuer of that currency.
I guess Lincoln was evil when he prescribed Fiat Greenbacks printed at zero debt based on the goodwill of the Nation that pulled our country out of debt and restored confidence back in our currency. Seems only fitting that our true saviors the bankers murdered him to save us all from prosperity. You need to get a clue, the elite back precious metals, you're playing right into their hands.
"...when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed."
@nowfabien I haven't time to check it out at the moment but it was not that long ago I'd heard there were only 5 nations that had there own system and were not part of the international cartel. Libya and Iran were two of them i think. Think about that in light of the actions of the bankers outlined in the film. For I'm 100% certain about the Iranian position.
@nowfabien National City Bank Ohio one of the first Rothschild banks owned by Rockefeller. It became CitiBank, which then became CitiGroup. Google ("National City Bank" Ohio Citibank Rockefeller)
I think that CitiBank / CitiGroup also owns part of the New York Fed?--further solidifying Rockefeller dynasty to controlling the US money supply via Fed ownership.
Google (Internet kill switch Rockefeller)
2011 Egyptian woman reported bank machines didn't work when "they" took down the internet.
@nowfabien Pundits state the Fed is largely controlled by the New York regional Fed that is owned by Chase-Manhattan, J.P-Morgan-Chase, etc. Notable is the fact that David Rockefeller for many years was Chase chairman.
Google video search (Michael Moore capitalism a love story)
In one particular scene Moore goes on at length trying to explain that the Merrill Lynch guy telling Ronald Reagan to "speed it up a bit" is the real power, but standing in back is David Rockefeller--both of their boss'.
@nowfabien University trained economists "like" the current system because the US education system was formulated in the early 1900s by the Rockefeller General Education Board, and the Andrew Carnegie foundation for the Advancement of Education. Google video search (Charlotte Iserbyt).
When several generation of students have been indoctrinated to "believe" the system is sound, they will argue to perpetuate it as though they were agents for the Matrix, enforcing the dogma taught them in school.
@nowfabien In a few words: Goons squads are dumb asses, but will act as henchmen to anyone who pays them.
If criminals are at the top, henchmen paid to maintain the status quo will go so far as to call in foreign UN troops to execute their own families in order to quell "unrest" that will happen when enough people can see that borrowing their entire money supply at interest is an unrepayable debt to bankers who created the money out of thin air.
@nowfabien Ben Shalom Bernanke, of Western USSR / European Jewish heritage, is their current front-man US presidentially appointed from a list provided by the 12-regioinal federal reserve banks. Wikipedia has his info.
A Fed employee there gets hold of the FR owner's list and tells someone who is calling the shots. New to the list in the last few years is HSBC. Google search (hsbc Hang Seng Bank Hong Kong Shanghai)
Rothschild,Rockefeller,Morgan,Warburg,Bank of England,etc originally owned it.
Does Ron Paul support gold or silver-backed money?
Paul does not want to challenge the CIA-drug, Iran-Contra / Vietnam War / Afghan War / Iraq War-mongering crowd by having a new 9-11 investigation to rid the US government of corruption because the corruption runs too deeply. He would have to get rid of big oil, big pharma, etc, who are this group. Paul is also aware of Google video search (vote scam brothers collier) and many others. He & his family are masons--believers in Armageddon coming.
@oldspammer I think Paul is a pure constitutionalist who believes in only silver & gold coin money which would starve everyone because the population is too large for that small a money supply to have enough economic prosperity--plus everyone would still spend all their money on goods made in China from Wal*Mart, and once gone, the gold & silver would be in China and every US citizen would be screwed?
There are two choices. A simple public monopoly that a 5th grader can understand like Bill Still's system or free banking. Democracy can only do simple, stupid. A "gold standard" is another government granted monopoly. If you want the government involved, a public monopoly is best. If you don't, then congress should make no law about money. A gold standard is created by government, so any gold bug is caught dead in his own hypocrisy.
It's like trying to find the lesser of all evils. Good luck.
I'd say, historically speaking, America has done a great job in regards to political and economic freedom. You don't become THE World Power in less than 150 years by accident.
If you theoretically can't borrow how can we possibly grow to compete globally?
Also governments are very poor at managing things - this movie made many references to the public jobs the government would create with greenbacks - in my experience the adage "whatever the public sector can do the private sector can do at half the cost and time" rings true.
Today's system is busted but it's mostly because politicians sell their souls.
It is a common mistake to assume that money or monopoly power from government granted to private interests has any benefits of private enterprise. It is by far the worst abuse of the public. Of course one may borrow, but it would be funded by time deposits. Also be aware that the capital markets of stocks and bonds fund things just fine, except that is when purchased with "leverage" .
What do you mean you can't borrow? Debt free money has nothing to do with lending money. IT basically means you don't lend bonds. It has to do with the nature of the money. Debt based money has an interest charge attached to the money itself. In fact, if I loaned you money, it would have two debts attached to it. One is to me and the other to the bank that issued it. And private monopolies don't do anything better than governments.
and about the 16th amendment, smoke screens and mirrors, has nothing to do, again with the "INCOME TAX" which an incometax! [Perry, Jairus Ware, 1821-1877. A treatise on the law of trusts and trustees, by Jairus Ware Perry. Boston, Little, Brown, 1882.], ...this is a good start for more info on it, the courts in the USA allow the use of this book when lawyers need a CITE about the subject. if you dont believe me, ask any lawyer that deal with those types of cases.
you all have it wrong about the income tax,, first off, its not an INCOME TAX, it has nothing to do with income. it is a TRUST FUND TAX. if anyone does not believe me, just look at the charges for not paying the TAX! its a FRAUD charge, i know, i was charged and convicted of it in 1991. they claim the "trust fund tax" was defrauded by me. but this is impossible. since i was a stranger to the trust! this is why no one is beating that charge, they havent a clue. more info [habeas7@gmail.com]
Bill Still needs to be an advisor to Ron Paul if he gets elected. He is on to something. A gold standard works but it is easy to manipulate. Just pay off our Federal Reserve debt (by just crossing it off the books) and end the fractional reserve banking system.
@jneil2007 It's alot harder to manipulate physical gold and silver than paper and a printing machine ! Ron Paul would have nothing to do with this big government loving commie !
@PTTHOR Both fiat and commodity backed currency do work though that is the thing. There are still going to be printing presses it's just the people have to hold the government accountable and stand up to them when they print up money or gold/silver certificates. Either one can be controlled. The matter is who controls it. And if we had a fiat currency controlled by government than they could just spend it into the economy when needed and not borrow it constantly to keep up with the interest.
@PTTHOR Point being the government needs to contol it that is the biggest step. But a gold standard is cool with me as long as it is transitioned right. We couldn't just have it tommorrow. I do lean towards Paul's idea more. But Bill Still is clearly not a Commie. Just bc somebody has a slightly different solution and is on your side doesn't mean he is a commie. He is actually anti commie. Bc it is in the communist mannifesto to have a private central bank.
Transitioned right? How are you going to transition it "right" if the rest of the world doesn't go along? Cause it will transitions vast amounts of American resources to anyone in the world that owns gold. The two depressions that followed the gold standard each time it was tried was nice too. If US has only 50% of the gold, good bye 1/2 of the Untied States. Its always some nebulous "transition done right" with hard money. No one know what to do cause it can't be done "right".
@gwynedd1 Well the world can do whatever the hell it wants to do while we do our own thing. If our dollar is gaining in value and theirs continues to wither down in value than the people across the world will demand a commodity backed currency. I'm not an economic expert but if we were to go back to commodity backed currency we would have to repeal the tender laws and allow competition among fiat and commodity currency.
Well, I am a bit of an economic expert, and I can state very plainly that what ever it is you choose to monetize out in the real world will shift the wealth according to that proportion that each has of that commodity. Do you really think economic warfare will end? The Sherman Silver Purchase Act is a good example of what a dominant hostile government can do and what happens when they stop doing it.. It can be done in secret. What we need is M3 on a billboard and M2 public.
Exactly. Its real easy to manipulate a gold standard. How does anyone thing fractional reserve lending was invented? It was invented by goldsmiths. You'd think that would be a clue eh?
@jneil2007 "Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values." (think Federal Reserve Act -1913)
@jneil2007 "Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it becomes, marked: 'Account overdrawn.'"
private central bank vs public central bank = a false argument pushed by Bill Still the masonic shill. The REAL problem is FIAT money
Give this to anyone and everyone in the Occupy Wallstreet movement. Burn DVD's send links. Do whatever it takes while we have time. Keep up the good work Mr. Still.
The video had an aristotle quote at the end but who also said that commodity money works best.
How is the "gold standard" gold money when in fact it's a fractional reserve derivative money controlled by banks? Hence it's a fraud and not gold based (Can completely de-peg from gold while keeping fake illusion of gold)?
This video has so much wrong. It's suggesting inflation creates prosperity? Completely wrong. Gold in itself is not a problem. It's a problem when the government controls it.
The banking cartels created by government for the bankers is a big problem.
The fiat money system is very bad. Government can inflate away all their spending deficit which steals purchasing power from the private sector.
@god0fgod it is not suggesting that inflation creates prosperity.....what it is suggesting is that with just the right amount of money in circulation, you will have a stable currency and subsequently commerce will thrive. The argument, goldbugs v greenbackers is another matter. Apparently the gold standard had been a problem in the latter part of the 1800s.
The gold standard was a regulated derivative based currency system, am I wrong? Free market money is best as consumers and businesses can choose a money system as convenient to them instead of deal with a government/banker oligopoly cartel.
@god0fgod I dont agree. A competing free market currency may have a winner and subsequently the winner will attempt to set-up a monopoly complete with government intervention to add to their counterfeiting legitimatize.
@god0fgod gosh are you kidding me? All he did thru the entire movie was to emphasize "THE RIGHT AMOUNT OF MONEY IN THE SYSTEM". If you are suggesting that the right amount of money is determine by a free market, then you are agreeing with Bill Stll. If, however, you are suggesting competing currencies then you are not. In a competing currency, if one wins and then that one could monopolize the system.
@se7ensnakes A free market for money would involve competing monies where money will settle on what businesses and consumers both find useful as money. Those greenbacks were not free market money, they were government money.
@god0fgod ...exactly and when one type of money edges over another, then you have a take over. This is how the Rothschilds came to dominate the economy. Once they dominate the economy, they began to bribe politicians to pass new laws beneficial to them.
@god0fgod Absolutely right ! The things that make gold and silver the only real money (Other than thousands of years of proven history) Are the fact that they are in limited supply, can't be man-made and have many industrial applications ! You can't inflate Gold, or Silver .... Our Forefathers new this and tried to protect us from paper and the massive government that it creates and yet we still ended up where we are today !!!
How are we going to buy things online without a fiat representation of so called "hard money"? People could not even be bothered to carry coins and used paper. The best hard money would be a visible fiat currency. Otherwise "gold" will be a video camera of gold bullion in a vault. Someone will loop tape. Iron pyrite will make a huge comeback.
@gwynedd1 When the paper representation can be exchanged for physical gold and silver, it's not fiat ! It's conveiniance !! Internet sales would not be affected other than prices would plummet ! I can by a gallon of gas today with a (silver dime) and get back change - Try that with your fiat dime ...
For hundreds of year people turned in their paper for specie, and when everyone did it at once, guess what happened? This is especially true with currencies of large trading blocks since few people will turn in their notes for specie, until it all burns. The gold at Fort Knox can't even be verified and again with this? "Backed", fiat currency is a complete joke with a long, sad history . If its not physical specie, its FIAT.
We already had it and it went down the tubes. People are so used to bank cartel governments so I can understand but monopolist will grab the money supply. How do you keep billionaires from cornering the market? What are we going to do about Hunt brothers 2? Why do you think Silvio Gesell conceived stamp currency? Monetary hoarding is just as big a problem.
Shouldn't the free market control money and the quantity? It could be gold. It could be silver. It could be copper. I could be bitcoin. It will no doubt be a mixture.
@GooberSpunk If you were using linux i could tell you how to do it. 1) get "unplug" install in your browser. Download as a mp4 files. In linux there is a program call Devede. This program shrink it to fit a common 4.7g dvd and convert the file to an iso file. Once you have the iso file you could copy as many as you which using kb3 or brassero
People need to realise its not the Jews , it are the Zionists and no they are not the same thing. (if you believe that you need to educate yourself) Jews = a religious view , Zionist = political view and in no way can you compare them. Also , people should stop blaming everyone else and take reponsibility. But people are to afraid to speak their mind or do something about it because of social conditioning and the false ego. But in general , yes the FED should end along with ALL money systems.
Can't agree with Bill at 26:23 "Keep in mind, it doesn't matter what backs your money; all that matters is who controls its quantity" because any counterfeiter, federally sponsored or not, has a say in the quantity of money or tender
@mlmr11 This is odd how this happen. Essencially, congress could create its own money, and probably would do better controlling inflation that what the banks are doing. Inflation is very bad right now.
There will be another major war soon. the dollar will collpase because the jews at Goldman Sachs will make it so, because Israel needs it to be so. Economic collapse pushes war quickly, the bigger the better for the powers that be. And what will war achieve? a re-organisation of the world and aligning it to the agenda of the jews and Israel. and what can the world do about it? end the usurious practices of the jews, bar every jew from a position of authority. Or face the evil they will bring.
@takewhole Stop blaming "the Jews"! That's outrageous. I don't care if they are the majority owners of some of the controlling companies like Golman Sachs. Yes -- a lot of Jewish people are in finance. But then, a lot of white guys are in politics. The problem has to do with a misconceived monetary system, and if some Jews are taking advantage, they do so as individuals and not as Jews. Lots of Jews are also out of work.
@Rose2111 Fair point, but the monetary system is well and truly in the firm grasp of the Jewish bankers. Though they may be irreligious they are from that background. I accept that the majority of Jews are good ethical people. The practice of Usury was outlawed in europe for a very long time. The Jew however could practice the abomination of Usury but to a non-jew..........and so the story began many hundreds of years ago........
I like how you idiots love playing with fire, right up to the point where you're about to get BURNT beyond recognition. The nazis tried this VERY SAME tactic against the Jews and bankers in their country when the people didn't want to take responsibility for their own debts and economic depression, and chose to lay that blame and responsibility on someone else. Do you rember what happened to Germany after they pulled that crap? I'll let you educate yourself from here...
@mrbubetube I think that it is perhaps the bankers that did not learn a lesson and are about to learn it the hard way. This is 1933 or 1948. It will be much more difficult to hide. Also no one is calling for a violent overthrow of an entire race of people, just a change to an economic sytem for practical reasons.
@grecorivera no, it's the American people that did not learn a lesson. You borrow, borrow, borrow and agree to pay the interest at the time you borrow the money, then when it comes time to pay back the loan, you welch on your responsibilities and then point your finger at the people who loaned you the money??? That shit ain't gonna fly. One way or another, you're going to have to pay back the loans or suffer the consequences.
@mrbubetube if people did not borrow borrow borrow , there will not be any money to carry out commerce, there will be no jobs, nothing happening economically speaking. The system is rig. People need money to start businesses, to carry out commerce, but when the money supply is contracted we starve.
@se7ensnakes I have no problem with borrowing. The more, the better as far as I'm concerned. But you damn well better pay back the loan and all of the interest that's due and pay it on time and if you can't, don't go blaming someone else for your failure to handle your own responsibilities.
@mrbubetube The system is rigged. If you borrow to start a business but the money supply is contracted, you are going to have a recession/ depression and no money to carry out commerce. Your business is going to go bad primarily because there is no money in the system. All the money is stockpiled in banks. So where the borrower had every intention of paying it back, it cannot. It is mathematically impossible.
the Bankers have gained access to courts and education. That is why you dont know what the income tax really is. here is some of the bullshit propaganda: 1) the 16th amendment created the income tax. 2) the income tax is a direct tax 2) the income tax is a tax on income 3) the income tax goes to pay for services such as road and bridges.
@se7ensnakes The Supreme court has already ruled on what "Income" is ! The taxes we pay from our paychecks is a wage tax ! The income tax (as they incorrectly refer to it) Is money earned without providing labor- Like winning the lottery, or huge stock market gains in your favor!
The government has been double dipping from our Wages and Incomes- Illegally. As for roads- That's a states issue ! Postal service routes are established so the Feds involvment in that is long past finished !
@PTTHOR There are only three possible "things" that can be tax: 1) property 2) capitation and 3) event. There are no others. Therefore the income tax is one of these three You mentioned that the income tax is a "wage tax". Are you saying that the subject of the income tax is the wage (property) or the activity that produced the wage? is it the property or the activity?
@se7ensnakes I'm saying Income tax- is a tax on money made without providing actual labor, like winning the lottery ! A wage tax, which is what we really pay now from our paychecks- Is a tax on our labor and NOT an income tax, since providing money for someones labor is not income, it's labor. You cannot (legally, or morally) put a tax on someones voluntary labor but, you can tax their purchases with the money they received from their labor- As was intended by our Forefathers and worked well
Adam Smith and the other classical economists liked taxes on ground rents. It makes money while you sleep adding nothing to the goods and services economy, cannot be hidden and is generally stable. Excise taxes on luxury good was also agreeable. Then of course preventing currency monopolization and hoarding through depreciation of the currency would also be a revenue source.
Respond to this video... The truth is that the income tax is 1) an indirect tax 2) the 16th Amendment actually limited congress by properly classifying the income tax. 2) According to the grace commission report most of the income tax goes to pay for the national debt. 3) the income tax is not a tax on property (income) it is a tax on the event (job) that makes the income. for example it is taxing a doctor when he helps a patient survive. There is no law in the tax code that
@se7ensnakes this is fallacious.. these guys are saying that this is means no nation debt which is wrong as well.. because in order to grow and trade with other nations you have to either borrow or try to make your currency good with other countries.. no country wants to be dependent on another.. the fact of the matter is this.. their main argument is the control of the money supply is terrible.
@D34thSetX Why should a sovereign nation need to borrow? what does the lender have that the country does not? How does the lender get the money that it lends?
@se7ensnakes Because it is spending more than it is earning. "what does the lender have that the country does not?" Liquidity, and the fact that they will get a return on their investment gives them an incentive to lend. "How does the lender get the money that it lends?" Contractual law, if X fails to pay Y as per the contract then Y can take legal action against them. If X fails to pay as well his credit score can go down and other lenders won't lend out their money to X.
@se7ensnakes Btw, if Y fails to collect, it is Y's fault for lending money to a risky investment in the first place. Lesson learned and you change the way you make loans to people.
I agree that the gold standard would be worse than even the federal reserve notes, but if that is true why support Ron Paul who would make things worse. Why not support a neogreenbacker?
The so-called "national debt" is in fact just a treasonous false debt to the bankers who are robbing the American people blind by making our money and charging interest on it. They're absolute PARASITES!!
@graceoverall When we pay income tax, some of the money goes to pay the national debt. Banks loan money to themselves and then purchase treasury bonds. The only thing real about this whole transaction is the labor used to pay the income tax. Commercial banks create the money out of thin air to buy treasury bonds. and then we pay interest.
This doc makes some good points but really misses the mark regarding Gold and Silver. We need a money system that cannot be printed, Why? because the temptation to print is too high when a government gets into trouble, also it lends itself to a slow take over by bankers. We must stick steadfast to a solid system that can never be printed otherwise, with time, the monetary system withers away the wealth of the nation it was intended to serve
@DeepRootsFilms let me add one amendment; the money system must be backed by a system that cannot be printed. The U.S. system was great until it went off the Gold Standard.
@DeepRootsFilms This is the conundrum. YOU CANNOT TRUST ANYONE WITH THE CREATION OF MONEY. it is like claiming an impregnable lock. Given enough time someone will crack that lock. The basic problem is that the masses of people are apathetic, and choose to be ignorant. These apathetic people are the same people that take alighment with a group that is manipulated and works against their very interest.
Vote Ron Paul 2012 to end the FEDERAL GOVERNMENTS' 40 YEAR LONG UNSUCCESSFUL WAR on the people's freedom of choice to consume substances (The end of the War on Drugs).
Ron Paul to BRING HOME the troops.
Ron Paul to audit the fed. Ron Paul to end the "Patriot" Act. Ron Paul to end the private bankers' "Federal" Reserve and the power for them to print our currency (UNCONSTITUTIONAL).
Ron Paul to end warantless spying on American citizens, like you and I
Jackson should not have paid off the national debt. He should have charged the bank and especially those individuals in charge of it a fee equal to the size of that debt, then called it even. Then made the supreme court rule it to be so. In other words, the debt was gained through chicanery and therefore is not a valid debt
@Foreshadow44 Also, and most importantly, as you said, we should be make an amendment that businesses such as banks operate on 100 percent requirement. it should be illegal not to lend something they don thave.........WHAT A SCAM THIS FRACTIONAL RESERVE LENDING IS!!!!!!
@Foreshadow44 I think that your remark is perhaps the most intelligent remark made thus far. Had this happened, we could have used court case as a citation for dissolving fractional reserve contracts. Right now if you present consideration in a lawsuit.....believe it or not they throw it out as frivolous. The courts wont contend your defense. The TORTUOUS INTERFERENCE WITH A CONTRACT. would have been a good start.
This was a really informative and well done video. While I disagree somewhat with it's view on Gold and Silver, it does conceivably make sense that Gold and Silver can be used to manipulate the prices and be a tool for the elite. What would work best, is to have the debt-free Government issued money as the film suggests, but completely remove all taxes and such on Gold and Silver. Gold and Silver could still be used as money just not official US tender, a healthy "check" on the fiat system.
What's with all this talk about whether to have a gold standard or a paper currency issued by the government. Why not just have a free market in money. Anyone can use any form of money they want. Sure that means anyone can create money, but it also means only the most stable, highly salable monies will survive. If one form becomes controlled or corrupted, simply move to another.
@collinej87 Of course this may not be possible in a system based on coercion (taxation) because the planners could just require payment of taxes in whatever currency they controlled. But that is no problem to my worldview taxes are immoral and shouldn't exist anyways.
wow if you think this movie is anti-zoinsim that's stupid. Although I believe in anti-zoinsim. This is not the same thing. Let's all seriously look at the facts and make an intelliagent comment. Not a stupid one. And yes, slavery never went away-it became an econmic system to those who use it and see nothing but it as a way to live. Aka -welfare, medicare, social security and so one.
This movie is confusing. Paper money never works. As long as there are politicians and bankers, they will lie, deceive and defraud people over and over again. Abolish banks worldwide is the solution and gold, silver, copper etc. should be used as money.
Make the Federal Reserve a Non-Profit Organization where all the current interest owned should be circled into the economy to create jobs and to pay off the national debt. Then a fresh-start with a new central banking "non-profit" with checks and balances be established with quarterly audits by 3 independent establishments.
This movie is full of propaganda & outright lies! For instance: at minute 48:45 he starts to talk about Ernest Seyd. This conspiracy has been proven to be false. See: wikiquote & search Ernest Seyd.
Vote Ron Paul 2012 to end the FEDERAL GOVERNMENTS' 40 YEAR LONG UNSUCCESSFUL WAR on the people's freedom of choice to consume substances (The end of the War on Drugs).
Ron Paul to audit the fed. Ron Paul to default the Constitution. Ron Paul to end the "Patriot" Act. Ron Paul to end the private bankers' "Federal" Reserve and the power for them to print currency (UNCONSTITUTIONAL).
Ron Paul to end warantless spying on American citizens, like you and I
I am still confused about the evils of the gold standard part. How would you be able to limit government spending and inflation without a currency backed by gold or at least some commodity with actual value?
At the end Bill says that paper money is OK if it's not printed by bankers. If politicians create it, everything will be fine! HAHAHAHAHA!!!
Yea, we can trust politicians. They never lie to us, right?
What an idiot!
IOU's (paper money) do not work because they have no intrinsic value. Lies and corruption will always run rampant when your money is nothing more than a "promise to pay".
Gold has intrinsic value. It can't be corrupted. That 's why it has survived as money for thousands of years.
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v2i0d1e2o 1 day ago
I wonder what or who the "flying monkeys" represented? "police"? "military"? "congress"? or hired Pinkerton security guards/militia?
upcycle 4 days ago
@upcycle according to themoneymasters they are Plains Indians: “Once we were free people living happily in he forest.” – monkey leader
shaggy6832 3 days ago
I asked it before but still dont know answer. Documentary says this story is about monetary system. But others disagree.
Hansen, Bradley A. (2002). "The Fable of the Allegory: The Wizard of Oz in Economics
Did Baum ever said his story is about economy?
shaggy6832 6 days ago
actually,,, banks do create money out of thin air... if i open a bank today and put $10 in the vault,,, i can write you a loan for $100... that's 90 dollars of thin air...
tbssic1 1 week ago
Its not applicably correct to say banks create money out of thin air. This would be chaos. The loans represent deposits. It is a pyramid scheme which is basically a bubble. If we want a bubble free economy, then banks should be 100% capital to loans, which would mean real saved resources are used for loans.The fractional reserve banking was quite successful and beneficial for a while.Recently its created derivatives and other financial instruments that are useless and dangerous to average people
tadaa11 1 week ago
none of this makes much sense. Wouldn't it be better for the entire planet to just get rid of the bankers once and for all? They're the cause of all the worlds problems! Including war.
a2zhandi 2 weeks ago
@a2zhandi Bingo mate, you got it!!!
MsMcOwnage 1 week ago
If everybody in the usa is purchasing gold coins, and the price of gold is sky rocketing, will the gov. once again seize their gold and use it to pay the national debt? Scary thought...
a2zhandi 2 weeks ago
@a2zhandi not possible, cause of 2 type of gold
1. Monetary gold (Not for purchase)
2. Comsumer gold (Yay, go buy)
MsMcOwnage 1 week ago
I have ask about this story. It may about monetary system but I read this is fable (Hansen, Bradley A. (2002). "The Fable of the Allegory: The Wizard of Oz in Economics").
Nothing indicate that Baum supported Populism.
Is it true? What do you think about it?
shaggy6832 3 weeks ago
GOOGLE OR WIKKI UP ''STARVE THE BEAST STRATEGY."
ERROLCUSTERFLYNN4EVR 3 weeks ago
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There are now only 5 nations in the world left without a Rothschild controlled central bank: Iran; North Korea; Sudan; Cuba; and Libya.
RON PAUL 2012
KillYourTeeVee 1 month ago
Let's sync "The Wizard" up with Pink Floyd's "The Wall", along with a split frame running "Alice in Wonderland" and see what happens. Maybe our debt will just disappear. Ha,Ha,Ha!!! I love propaganda like this.
~Adolph Hitler, "Tell a lie often enough, loud enough, and long enough, and people will believe you."~
VoteRealVotePaul 1 month ago
As an Electronics Engineer; Gold, Silver, Platinum, and other precious metals "are" the true currency to the American dream. To sit and imagine a world of electronics without these metals is like thinking rubbing to sticks together will power my micro-controlled circuits. Funny!?! The American dollar is approaching worthlessness at an alarming rate..., Gold & Platinum are at ~1.5k an ounce. WHY? Instead of wasting time on this video take some time to know the electronics you so value.
VoteRealVotePaul 1 month ago
@VoteRealVotePaul Hi trained as an Electronics Engineer myself, currently trying to look in to economics. One point I have in my head if there is hyperinflation in the US as in Germany post WW1, and then a pint of milk may cost a million dollars, 16 trillion is a lot easier to pay off. There for the US and UK could pay there depts. by inducing hyperinflation. Or am I taking crap?
wispa2 1 month ago
@wispa2 Pointed out to another that in 2008 a nickels value as metal was 20.6% above currency value and to date it costs 1.7 cents to produce a penny. Trying to understand economics myself and am totally savvy; but I found that gold hit an all-time high of $850 in 1980, By the end of 1974 gold peaked at $195.25/ounce on December 30, 1974, dollar price of gold had fallen to $104.00 on August 31, 1976. Due to !975 bailout. Something always has to back the paper we print.
VoteRealVotePaul 1 month ago
@VoteRealVotePaul Suppose to be "not" savvy. :) Currently holding our paper money up is the "tax payer" guarantee. Every household in America owes $126K I think this and skyrocketing metal prices are the direct result of devaluing the dollar through fiat money..., our dollar seems to also be stabilized as a petrol currency because of it's status as a "World" currency; countries are considering dropping the PD. China won't take our hyper-dollar to pay 1.6T in debt.
VoteRealVotePaul 1 month ago
@VoteRealVotePaul I think whether we realize it or not "Inflation" is a tax just as much as printing money without a security to back it devalues the monetary system. If China and Japan called in the 50.7% of US Treasury Securities that they owe, and countries in Asia & the Middle East debase the Petrol dollar by purchasing oil with gold - I think that you would see $16T instantly turn into a $100 to $116T in total debt. I could be wrong but I'm saving my coinage!!!
VoteRealVotePaul 1 month ago
@VoteRealVotePaul See featured videos on my channel for more info. Peace and blessings my fellow E-Tech brother. :)
VoteRealVotePaul 1 month ago
@VoteRealVotePaul Thank for your reply, I will have a look at your vids. I seem to see it the same as you, with the US/EU sanctions on Iran has pushed the world further away from the dollar, they will now sell the oil to India and China for the same price but paid for in Gold, resulting in cheaper oil for China more expensive oil for the west. This is the best our leaders can do?
wispa2 1 month ago
@wispa2 If you do any price comparisons ditch paper money and use Gold for your calculations ie how much oil, wheat can I buy with an oz of Gold the world starts to look very clear.
I have also learned a lot about your constitution (Ron Paul inspired) It is one of the greatest work of human intellect model for all sovereign nations, look after it. :-)
wispa2 1 month ago
sooooo Ron Paul is delirious? damn
astiles18 1 month ago
@astiles18 No, Ron Paul's point is you need restrictions on what the suppliers of money can provide. Gold can do that, constitutional amendments can do that. If congress gave itself the ability to print money to no end, as is suggested here, they'd have just as much of a field day as they are right now.
cdoftx 1 month ago
He keeps referencing quantity of money. Well isn't that the point about gold and silver? It's in LIMITED QUANTITY. Also, Gold/Silver backing a U.S. dollar without the Fed would be better than what we have today. But there's other problems with our banking system. Need to also get rid of the FDIC (good luck with convincing the people of that..)
FatLibertarianInOkc 2 months ago
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0:01:58 "Americans are being robbed blind and they don't even know who is doing the robbing"
I think the average American knows that they are being robber, but it is impossible to reveal these robbers without being labelled as an anti-Semite, unpatriotic, UnAmerican and probably would be marked as terrorist as well.
Not to mention their face will be broadcasted by Fox news 24/7 if they tried to reveal the robbers and O´reilly will the people unamerican and terrorist
crumcon 2 months ago
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Real quote by Bismarck:I fear that Jewish banks with their craftiness and tortuous tricks will entirely control the exuberant riches of America and will use it to systematically corrupt modern civilization. The Jews will nothesitate to plunge the whole of Christendom into wars and chaos in order that "the earth should become the inheritance of jews.
Richtar244 2 months ago
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Author of this video forgot to mention that the bankers are "JEWISH BANKING MAFIA" and there was never NON JEW chairman of Federal Reserve. Lincoln was assassinated by jewish banker and so was Garfield. JFK sign his dead sentence when he want to ousted the jewish bankers because in his first term he realized that the true power in US is not president,but JEWISH BANKING MAFIA. Adolf Hitler ousted the jewish bankers so USA have to come to rescue the jewish banking mafia in Europe.
Richtar244 2 months ago
14:00-15:30 = what ron paul wants.....
666threesixes666 2 months ago
Forum Post: Occupy the Grand Jury - Volunteer for the Grand Jury - We as the People hold the power to stop all victim-less charges that are based on bad laws, misapplied laws and laws that are really under color-of-law like protesting [Read the 1st AMD]
occupywallst (DOT) org/forum/occupy-the-grand-juries/
bxlxix69 3 months ago
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"Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values." (think Federal Reserve Act -1913)
MoneyIsSilver 3 months ago
"Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it becomes, marked: 'Account overdrawn.'"
private central bank vs public central bank = a false argument pushed by Bill Still the masonic shill. The REAL problem is FIAT money
MoneyIsSilver 3 months ago
@MoneyIsSilver
The only shill here is you. Metals are investments, not a basis for currency. Currency gains power by the amount in circulation (inflation/deflation), it has nothing to do with what it is made out of, what backs it, or anything of that sort.
HKmaroLS1 1 month ago
@HKmaroLS1 No shill here. Metals have been and are used as currency, so everything you just said is nonsense.
MoneyIsSilver 1 month ago
@MoneyIsSilver
Yes they are used for currency, but that doesn't make it right. Using a scarce resource as a basis for worth is a failed system.
HKmaroLS1 1 month ago
@HKmaroLS1 Its not a "basis" for worth, it IS worth. And you don't have to use gold or silver if you don't want, use whatever you want. The point isn't WHAT money is made out of as long as it has its own WORTH based on objective values. When money is only worth something because the government says so, and because they FORCE you to use them, then THAT is the fraud. Paper money has NO WORTH - no more than any other counterfeit money.
MoneyIsSilver 1 month ago
@MoneyIsSilver
Something only has worth if it can be traded for something else of perceived equal value. If there were only $5 in all of america then one of those (paper) dollars would be worth more than a swimming pool full of gold.
HKmaroLS1 1 month ago
@HKmaroLS1 If there was only $5 in america than it would be worthless because A. It has no value outside of being a currency, and B. Being that there were only 5 of them they wouldn't work as a currency either.
MoneyIsSilver 1 month ago
@MoneyIsSilver
Thanks for proving my point. A. exactly, currency should have no value other than being a common denominator for trade based on the amount of currency in existence. B. which is why rare metals cannot be used because there isn't physically enough to sustain trade and expand with population growth.
HKmaroLS1 1 month ago
@HKmaroLS1 A. I didn't prove any point of yours.Currency in fact can be anything you want it to be, whats lacking today is that freedom - ask Bernard von Nothaus. B. Rare metals have been used and will always be used, because they have their own value. All trade has to be value for value. When you use a worthless currency, you are handing value over to the issuer of that currency.
What you proscribe - is pure evil.
MoneyIsSilver 1 month ago
@MoneyIsSilver
I guess Lincoln was evil when he prescribed Fiat Greenbacks printed at zero debt based on the goodwill of the Nation that pulled our country out of debt and restored confidence back in our currency. Seems only fitting that our true saviors the bankers murdered him to save us all from prosperity. You need to get a clue, the elite back precious metals, you're playing right into their hands.
HKmaroLS1 1 month ago
@HKmaroLS1 YES! Lincoln WAS evil. This is the same Lincoln who had troops open fire on protesters against the war.
MoneyIsSilver 1 month ago
@HKmaroLS1 Gold will always have value to people who use computers and other electronics that require it and as jewelry.
MoneyIsSilver 1 month ago
"...when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see that money is flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and by pull than by work, and your laws don't protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed."
MoneyIsSilver 3 months ago
@nowfabien I haven't time to check it out at the moment but it was not that long ago I'd heard there were only 5 nations that had there own system and were not part of the international cartel. Libya and Iran were two of them i think. Think about that in light of the actions of the bankers outlined in the film. For I'm 100% certain about the Iranian position.
jam1966ful 3 months ago
@jam1966ful.............Iraq used to be one. They took care of that.
wwj745 3 months ago
@nowfabien You realize that there is such thing as the Fabian Socialist Society members of whom include Tony Blair who helped invade Iraq with "W"?
Fabien when spoken sounds pretty similar to Fabian?
oldspammer 3 months ago
@nowfabien National City Bank Ohio one of the first Rothschild banks owned by Rockefeller. It became CitiBank, which then became CitiGroup. Google ("National City Bank" Ohio Citibank Rockefeller)
I think that CitiBank / CitiGroup also owns part of the New York Fed?--further solidifying Rockefeller dynasty to controlling the US money supply via Fed ownership.
Google (Internet kill switch Rockefeller)
2011 Egyptian woman reported bank machines didn't work when "they" took down the internet.
oldspammer 3 months ago
@nowfabien Pundits state the Fed is largely controlled by the New York regional Fed that is owned by Chase-Manhattan, J.P-Morgan-Chase, etc. Notable is the fact that David Rockefeller for many years was Chase chairman.
Google video search (Michael Moore capitalism a love story)
In one particular scene Moore goes on at length trying to explain that the Merrill Lynch guy telling Ronald Reagan to "speed it up a bit" is the real power, but standing in back is David Rockefeller--both of their boss'.
oldspammer 3 months ago
@nowfabien University trained economists "like" the current system because the US education system was formulated in the early 1900s by the Rockefeller General Education Board, and the Andrew Carnegie foundation for the Advancement of Education. Google video search (Charlotte Iserbyt).
When several generation of students have been indoctrinated to "believe" the system is sound, they will argue to perpetuate it as though they were agents for the Matrix, enforcing the dogma taught them in school.
oldspammer 3 months ago
@nowfabien In a few words: Goons squads are dumb asses, but will act as henchmen to anyone who pays them.
If criminals are at the top, henchmen paid to maintain the status quo will go so far as to call in foreign UN troops to execute their own families in order to quell "unrest" that will happen when enough people can see that borrowing their entire money supply at interest is an unrepayable debt to bankers who created the money out of thin air.
oldspammer 3 months ago
@nowfabien Ben Shalom Bernanke, of Western USSR / European Jewish heritage, is their current front-man US presidentially appointed from a list provided by the 12-regioinal federal reserve banks. Wikipedia has his info.
A Fed employee there gets hold of the FR owner's list and tells someone who is calling the shots. New to the list in the last few years is HSBC. Google search (hsbc Hang Seng Bank Hong Kong Shanghai)
Rothschild,Rockefeller,Morgan,Warburg,Bank of England,etc originally owned it.
oldspammer 3 months ago
Does Ron Paul support gold or silver-backed money?
Paul does not want to challenge the CIA-drug, Iran-Contra / Vietnam War / Afghan War / Iraq War-mongering crowd by having a new 9-11 investigation to rid the US government of corruption because the corruption runs too deeply. He would have to get rid of big oil, big pharma, etc, who are this group. Paul is also aware of Google video search (vote scam brothers collier) and many others. He & his family are masons--believers in Armageddon coming.
oldspammer 3 months ago
@oldspammer I think Paul is a pure constitutionalist who believes in only silver & gold coin money which would starve everyone because the population is too large for that small a money supply to have enough economic prosperity--plus everyone would still spend all their money on goods made in China from Wal*Mart, and once gone, the gold & silver would be in China and every US citizen would be screwed?
oldspammer 3 months ago
so basically you control the money , you control the world.
NFLdude505 3 months ago
who exactly runs the federal reverse.
NFLdude505 3 months ago
There are two choices. A simple public monopoly that a 5th grader can understand like Bill Still's system or free banking. Democracy can only do simple, stupid. A "gold standard" is another government granted monopoly. If you want the government involved, a public monopoly is best. If you don't, then congress should make no law about money. A gold standard is created by government, so any gold bug is caught dead in his own hypocrisy.
gwynedd1 3 months ago
i thought the us and the uk did well on the gold standard i guess not lol
rory88888 3 months ago
It's like trying to find the lesser of all evils. Good luck.
I'd say, historically speaking, America has done a great job in regards to political and economic freedom. You don't become THE World Power in less than 150 years by accident.
canefan17 4 months ago
What would a debt-free system do to production?
If you theoretically can't borrow how can we possibly grow to compete globally?
Also governments are very poor at managing things - this movie made many references to the public jobs the government would create with greenbacks - in my experience the adage "whatever the public sector can do the private sector can do at half the cost and time" rings true.
Today's system is busted but it's mostly because politicians sell their souls.
canefan17 4 months ago
@canefan17
It is a common mistake to assume that money or monopoly power from government granted to private interests has any benefits of private enterprise. It is by far the worst abuse of the public. Of course one may borrow, but it would be funded by time deposits. Also be aware that the capital markets of stocks and bonds fund things just fine, except that is when purchased with "leverage" .
gwynedd1 4 months ago
@canefan17
What do you mean you can't borrow? Debt free money has nothing to do with lending money. IT basically means you don't lend bonds. It has to do with the nature of the money. Debt based money has an interest charge attached to the money itself. In fact, if I loaned you money, it would have two debts attached to it. One is to me and the other to the bank that issued it. And private monopolies don't do anything better than governments.
gwynedd1 3 months ago
and about the 16th amendment, smoke screens and mirrors, has nothing to do, again with the "INCOME TAX" which an incometax! [Perry, Jairus Ware, 1821-1877. A treatise on the law of trusts and trustees, by Jairus Ware Perry. Boston, Little, Brown, 1882.], ...this is a good start for more info on it, the courts in the USA allow the use of this book when lawyers need a CITE about the subject. if you dont believe me, ask any lawyer that deal with those types of cases.
rebeldslr 4 months ago
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you all have it wrong about the income tax,, first off, its not an INCOME TAX, it has nothing to do with income. it is a TRUST FUND TAX. if anyone does not believe me, just look at the charges for not paying the TAX! its a FRAUD charge, i know, i was charged and convicted of it in 1991. they claim the "trust fund tax" was defrauded by me. but this is impossible. since i was a stranger to the trust! this is why no one is beating that charge, they havent a clue. more info [habeas7@gmail.com]
rebeldslr 4 months ago
Don't be fooled by the spin.
RayOne1Won 4 months ago
I say Bill Still for President
Go2thebeach69 4 months ago
Bill Still needs to be an advisor to Ron Paul if he gets elected. He is on to something. A gold standard works but it is easy to manipulate. Just pay off our Federal Reserve debt (by just crossing it off the books) and end the fractional reserve banking system.
jneil2007 4 months ago 10
@jneil2007 It's alot harder to manipulate physical gold and silver than paper and a printing machine ! Ron Paul would have nothing to do with this big government loving commie !
PTTHOR 3 months ago
@PTTHOR Both fiat and commodity backed currency do work though that is the thing. There are still going to be printing presses it's just the people have to hold the government accountable and stand up to them when they print up money or gold/silver certificates. Either one can be controlled. The matter is who controls it. And if we had a fiat currency controlled by government than they could just spend it into the economy when needed and not borrow it constantly to keep up with the interest.
jneil2007 3 months ago
@PTTHOR Point being the government needs to contol it that is the biggest step. But a gold standard is cool with me as long as it is transitioned right. We couldn't just have it tommorrow. I do lean towards Paul's idea more. But Bill Still is clearly not a Commie. Just bc somebody has a slightly different solution and is on your side doesn't mean he is a commie. He is actually anti commie. Bc it is in the communist mannifesto to have a private central bank.
jneil2007 3 months ago
@jneil2007
Transitioned right? How are you going to transition it "right" if the rest of the world doesn't go along? Cause it will transitions vast amounts of American resources to anyone in the world that owns gold. The two depressions that followed the gold standard each time it was tried was nice too. If US has only 50% of the gold, good bye 1/2 of the Untied States. Its always some nebulous "transition done right" with hard money. No one know what to do cause it can't be done "right".
gwynedd1 3 months ago
@gwynedd1 Well the world can do whatever the hell it wants to do while we do our own thing. If our dollar is gaining in value and theirs continues to wither down in value than the people across the world will demand a commodity backed currency. I'm not an economic expert but if we were to go back to commodity backed currency we would have to repeal the tender laws and allow competition among fiat and commodity currency.
jneil2007 3 months ago
@jneil2007
Well, I am a bit of an economic expert, and I can state very plainly that what ever it is you choose to monetize out in the real world will shift the wealth according to that proportion that each has of that commodity. Do you really think economic warfare will end? The Sherman Silver Purchase Act is a good example of what a dominant hostile government can do and what happens when they stop doing it.. It can be done in secret. What we need is M3 on a billboard and M2 public.
gwynedd1 3 months ago
@jneil2007
Exactly. Its real easy to manipulate a gold standard. How does anyone thing fractional reserve lending was invented? It was invented by goldsmiths. You'd think that would be a clue eh?
gwynedd1 3 months ago
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@jneil2007 "Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values." (think Federal Reserve Act -1913)
MoneyIsSilver 3 months ago
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@jneil2007 "Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it becomes, marked: 'Account overdrawn.'"
private central bank vs public central bank = a false argument pushed by Bill Still the masonic shill. The REAL problem is FIAT money
MoneyIsSilver 3 months ago
Of course we have to vote Ron Paul- but who are the 500 other Ron Paul's? The whole friggin Senate and Congress needs to be FIRED!!!
DrOzwald 4 months ago 10
Give this to anyone and everyone in the Occupy Wallstreet movement. Burn DVD's send links. Do whatever it takes while we have time. Keep up the good work Mr. Still.
symbian7 4 months ago
The video had an aristotle quote at the end but who also said that commodity money works best.
How is the "gold standard" gold money when in fact it's a fractional reserve derivative money controlled by banks? Hence it's a fraud and not gold based (Can completely de-peg from gold while keeping fake illusion of gold)?
god0fgod 4 months ago
This video has so much wrong. It's suggesting inflation creates prosperity? Completely wrong. Gold in itself is not a problem. It's a problem when the government controls it.
The banking cartels created by government for the bankers is a big problem.
The fiat money system is very bad. Government can inflate away all their spending deficit which steals purchasing power from the private sector.
Free market money is the only way.
god0fgod 4 months ago
@god0fgod it is not suggesting that inflation creates prosperity.....what it is suggesting is that with just the right amount of money in circulation, you will have a stable currency and subsequently commerce will thrive. The argument, goldbugs v greenbackers is another matter. Apparently the gold standard had been a problem in the latter part of the 1800s.
se7ensnakes 4 months ago
@se7ensnakes It didn't sound that way to me.
The gold standard was a regulated derivative based currency system, am I wrong? Free market money is best as consumers and businesses can choose a money system as convenient to them instead of deal with a government/banker oligopoly cartel.
god0fgod 4 months ago
@god0fgod I dont agree. A competing free market currency may have a winner and subsequently the winner will attempt to set-up a monopoly complete with government intervention to add to their counterfeiting legitimatize.
se7ensnakes 4 months ago
@god0fgod gosh are you kidding me? All he did thru the entire movie was to emphasize "THE RIGHT AMOUNT OF MONEY IN THE SYSTEM". If you are suggesting that the right amount of money is determine by a free market, then you are agreeing with Bill Stll. If, however, you are suggesting competing currencies then you are not. In a competing currency, if one wins and then that one could monopolize the system.
se7ensnakes 4 months ago
@se7ensnakes A free market for money would involve competing monies where money will settle on what businesses and consumers both find useful as money. Those greenbacks were not free market money, they were government money.
god0fgod 4 months ago
@god0fgod ...exactly and when one type of money edges over another, then you have a take over. This is how the Rothschilds came to dominate the economy. Once they dominate the economy, they began to bribe politicians to pass new laws beneficial to them.
se7ensnakes 4 months ago
@se7ensnakes But this is an argument against government intervention in money to allow for competitive banking alongside competitive monies.
god0fgod 4 months ago
@god0fgod Absolutely right ! The things that make gold and silver the only real money (Other than thousands of years of proven history) Are the fact that they are in limited supply, can't be man-made and have many industrial applications ! You can't inflate Gold, or Silver .... Our Forefathers new this and tried to protect us from paper and the massive government that it creates and yet we still ended up where we are today !!!
PTTHOR 4 months ago
@PTTHOR
How are we going to buy things online without a fiat representation of so called "hard money"? People could not even be bothered to carry coins and used paper. The best hard money would be a visible fiat currency. Otherwise "gold" will be a video camera of gold bullion in a vault. Someone will loop tape. Iron pyrite will make a huge comeback.
gwynedd1 4 months ago
@gwynedd1 When the paper representation can be exchanged for physical gold and silver, it's not fiat ! It's conveiniance !! Internet sales would not be affected other than prices would plummet ! I can by a gallon of gas today with a (silver dime) and get back change - Try that with your fiat dime ...
PTTHOR 3 months ago
@PTTHOR
For hundreds of year people turned in their paper for specie, and when everyone did it at once, guess what happened? This is especially true with currencies of large trading blocks since few people will turn in their notes for specie, until it all burns. The gold at Fort Knox can't even be verified and again with this? "Backed", fiat currency is a complete joke with a long, sad history . If its not physical specie, its FIAT.
gwynedd1 3 months ago
@god0fgod
We already had it and it went down the tubes. People are so used to bank cartel governments so I can understand but monopolist will grab the money supply. How do you keep billionaires from cornering the market? What are we going to do about Hunt brothers 2? Why do you think Silvio Gesell conceived stamp currency? Monetary hoarding is just as big a problem.
gwynedd1 3 months ago
Shouldn't the free market control money and the quantity? It could be gold. It could be silver. It could be copper. I could be bitcoin. It will no doubt be a mixture.
god0fgod 4 months ago
can I download this somehow? Is it free or is there a copyright on it?
GooberSpunk 4 months ago
@GooberSpunk If you were using linux i could tell you how to do it. 1) get "unplug" install in your browser. Download as a mp4 files. In linux there is a program call Devede. This program shrink it to fit a common 4.7g dvd and convert the file to an iso file. Once you have the iso file you could copy as many as you which using kb3 or brassero
se7ensnakes 4 months ago
People need to realise its not the Jews , it are the Zionists and no they are not the same thing. (if you believe that you need to educate yourself) Jews = a religious view , Zionist = political view and in no way can you compare them. Also , people should stop blaming everyone else and take reponsibility. But people are to afraid to speak their mind or do something about it because of social conditioning and the false ego. But in general , yes the FED should end along with ALL money systems.
Lightitupp1 4 months ago
Can't agree with Bill at 26:23 "Keep in mind, it doesn't matter what backs your money; all that matters is who controls its quantity" because any counterfeiter, federally sponsored or not, has a say in the quantity of money or tender
raleighb53 4 months ago
i said to myself, "What? 2hrs?? This movies is also likely to be bs!" Then at 2:08 I see schiff. Now I know this movie is worth watching. :D
rampage241 4 months ago
@rampage241 I think schiff believes that credits come out of savings account.
se7ensnakes 4 months ago
Why the hell did Congress keep giving charters to bankers ??
mlmr11 4 months ago
@mlmr11 This is odd how this happen. Essencially, congress could create its own money, and probably would do better controlling inflation that what the banks are doing. Inflation is very bad right now.
se7ensnakes 4 months ago
SO WHO OWNSTHESE BANKS - NAMES AND ADDRESS S PLEASE, LETS GET THE GULLOTINE SHARPENED
PHONEYPOLITICS 4 months ago 5
There will be another major war soon. the dollar will collpase because the jews at Goldman Sachs will make it so, because Israel needs it to be so. Economic collapse pushes war quickly, the bigger the better for the powers that be. And what will war achieve? a re-organisation of the world and aligning it to the agenda of the jews and Israel. and what can the world do about it? end the usurious practices of the jews, bar every jew from a position of authority. Or face the evil they will bring.
takewhole 4 months ago
@takewhole Stop blaming "the Jews"! That's outrageous. I don't care if they are the majority owners of some of the controlling companies like Golman Sachs. Yes -- a lot of Jewish people are in finance. But then, a lot of white guys are in politics. The problem has to do with a misconceived monetary system, and if some Jews are taking advantage, they do so as individuals and not as Jews. Lots of Jews are also out of work.
Rose2111 4 months ago
@Rose2111 Fair point, but the monetary system is well and truly in the firm grasp of the Jewish bankers. Though they may be irreligious they are from that background. I accept that the majority of Jews are good ethical people. The practice of Usury was outlawed in europe for a very long time. The Jew however could practice the abomination of Usury but to a non-jew..........and so the story began many hundreds of years ago........
takewhole 4 months ago
I like how you idiots love playing with fire, right up to the point where you're about to get BURNT beyond recognition. The nazis tried this VERY SAME tactic against the Jews and bankers in their country when the people didn't want to take responsibility for their own debts and economic depression, and chose to lay that blame and responsibility on someone else. Do you rember what happened to Germany after they pulled that crap? I'll let you educate yourself from here...
mrbubetube 4 months ago
@mrbubetube I think that it is perhaps the bankers that did not learn a lesson and are about to learn it the hard way. This is 1933 or 1948. It will be much more difficult to hide. Also no one is calling for a violent overthrow of an entire race of people, just a change to an economic sytem for practical reasons.
grecorivera 4 months ago
@grecorivera no, it's the American people that did not learn a lesson. You borrow, borrow, borrow and agree to pay the interest at the time you borrow the money, then when it comes time to pay back the loan, you welch on your responsibilities and then point your finger at the people who loaned you the money??? That shit ain't gonna fly. One way or another, you're going to have to pay back the loans or suffer the consequences.
mrbubetube 4 months ago
@mrbubetube if people did not borrow borrow borrow , there will not be any money to carry out commerce, there will be no jobs, nothing happening economically speaking. The system is rig. People need money to start businesses, to carry out commerce, but when the money supply is contracted we starve.
se7ensnakes 4 months ago
@se7ensnakes I have no problem with borrowing. The more, the better as far as I'm concerned. But you damn well better pay back the loan and all of the interest that's due and pay it on time and if you can't, don't go blaming someone else for your failure to handle your own responsibilities.
mrbubetube 4 months ago
@mrbubetube The system is rigged. If you borrow to start a business but the money supply is contracted, you are going to have a recession/ depression and no money to carry out commerce. Your business is going to go bad primarily because there is no money in the system. All the money is stockpiled in banks. So where the borrower had every intention of paying it back, it cannot. It is mathematically impossible.
se7ensnakes 4 months ago
the Bankers have gained access to courts and education. That is why you dont know what the income tax really is. here is some of the bullshit propaganda: 1) the 16th amendment created the income tax. 2) the income tax is a direct tax 2) the income tax is a tax on income 3) the income tax goes to pay for services such as road and bridges.
se7ensnakes 4 months ago
@se7ensnakes The Supreme court has already ruled on what "Income" is ! The taxes we pay from our paychecks is a wage tax ! The income tax (as they incorrectly refer to it) Is money earned without providing labor- Like winning the lottery, or huge stock market gains in your favor!
The government has been double dipping from our Wages and Incomes- Illegally. As for roads- That's a states issue ! Postal service routes are established so the Feds involvment in that is long past finished !
PTTHOR 4 months ago
@PTTHOR There are only three possible "things" that can be tax: 1) property 2) capitation and 3) event. There are no others. Therefore the income tax is one of these three You mentioned that the income tax is a "wage tax". Are you saying that the subject of the income tax is the wage (property) or the activity that produced the wage? is it the property or the activity?
se7ensnakes 4 months ago
@se7ensnakes I'm saying Income tax- is a tax on money made without providing actual labor, like winning the lottery ! A wage tax, which is what we really pay now from our paychecks- Is a tax on our labor and NOT an income tax, since providing money for someones labor is not income, it's labor. You cannot (legally, or morally) put a tax on someones voluntary labor but, you can tax their purchases with the money they received from their labor- As was intended by our Forefathers and worked well
PTTHOR 4 months ago
@PTTHOR
Adam Smith and the other classical economists liked taxes on ground rents. It makes money while you sleep adding nothing to the goods and services economy, cannot be hidden and is generally stable. Excise taxes on luxury good was also agreeable. Then of course preventing currency monopolization and hoarding through depreciation of the currency would also be a revenue source.
gwynedd1 4 months ago
Respond to this video... The truth is that the income tax is 1) an indirect tax 2) the 16th Amendment actually limited congress by properly classifying the income tax. 2) According to the grace commission report most of the income tax goes to pay for the national debt. 3) the income tax is not a tax on property (income) it is a tax on the event (job) that makes the income. for example it is taxing a doctor when he helps a patient survive. There is no law in the tax code that
se7ensnakes 4 months ago
@se7ensnakes this is fallacious.. these guys are saying that this is means no nation debt which is wrong as well.. because in order to grow and trade with other nations you have to either borrow or try to make your currency good with other countries.. no country wants to be dependent on another.. the fact of the matter is this.. their main argument is the control of the money supply is terrible.
D34thSetX 4 months ago
@D34thSetX Why should a sovereign nation need to borrow? what does the lender have that the country does not? How does the lender get the money that it lends?
se7ensnakes 4 months ago
This has been flagged as spam show
@se7ensnakes Because it is spending more than it is earning. "what does the lender have that the country does not?" Liquidity, and the fact that they will get a return on their investment gives them an incentive to lend. "How does the lender get the money that it lends?" Contractual law, if X fails to pay Y as per the contract then Y can take legal action against them. If X fails to pay as well his credit score can go down and other lenders won't lend out their money to X.
D34thSetX 3 months ago
@se7ensnakes Btw, if Y fails to collect, it is Y's fault for lending money to a risky investment in the first place. Lesson learned and you change the way you make loans to people.
D34thSetX 3 months ago
@se7ensnakes thats a good fucking question .... where does the country who lends get $ from?
NFLdude505 3 months ago
0:34:27 ARE THE AMERICAN PEOPLE READY NOW? RON PAUL 2012!
FutureLaugh 4 months ago 8
I agree that the gold standard would be worse than even the federal reserve notes, but if that is true why support Ron Paul who would make things worse. Why not support a neogreenbacker?
Dameocrat 5 months ago
@Dameocrat
Do you use any neogreenbacker that may even have a chance? Ron Paul wont make it worse.......It cannot possibly get worse.
se7ensnakes 4 months ago
The so-called "national debt" is in fact just a treasonous false debt to the bankers who are robbing the American people blind by making our money and charging interest on it. They're absolute PARASITES!!
graceoverall 5 months ago 3
@graceoverall When we pay income tax, some of the money goes to pay the national debt. Banks loan money to themselves and then purchase treasury bonds. The only thing real about this whole transaction is the labor used to pay the income tax. Commercial banks create the money out of thin air to buy treasury bonds. and then we pay interest.
se7ensnakes 4 months ago
@se7ensnakes Prezactly!! It's disgusting isn't it?!
graceoverall 4 months ago
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demarcos69 5 months ago
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demarcos69 5 months ago
This doc makes some good points but really misses the mark regarding Gold and Silver. We need a money system that cannot be printed, Why? because the temptation to print is too high when a government gets into trouble, also it lends itself to a slow take over by bankers. We must stick steadfast to a solid system that can never be printed otherwise, with time, the monetary system withers away the wealth of the nation it was intended to serve
DeepRootsFilms 5 months ago
@DeepRootsFilms let me add one amendment; the money system must be backed by a system that cannot be printed. The U.S. system was great until it went off the Gold Standard.
DeepRootsFilms 5 months ago
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DeepRootsFilms 5 months ago
@DeepRootsFilms This is the conundrum. YOU CANNOT TRUST ANYONE WITH THE CREATION OF MONEY. it is like claiming an impregnable lock. Given enough time someone will crack that lock. The basic problem is that the masses of people are apathetic, and choose to be ignorant. These apathetic people are the same people that take alighment with a group that is manipulated and works against their very interest.
se7ensnakes 4 months ago
GREAT EDITOR. Great job.
Queenartep 5 months ago
How easy it would be to just remove fed seal on the dollar.
madhathead25 5 months ago
Vote Ron Paul 2012 to end the FEDERAL GOVERNMENTS' 40 YEAR LONG UNSUCCESSFUL WAR on the people's freedom of choice to consume substances (The end of the War on Drugs).
Ron Paul to BRING HOME the troops.
Ron Paul to audit the fed. Ron Paul to end the "Patriot" Act. Ron Paul to end the private bankers' "Federal" Reserve and the power for them to print our currency (UNCONSTITUTIONAL).
Ron Paul to end warantless spying on American citizens, like you and I
Ron Paul to restore the people's rights!!!
psillyguava 5 months ago 14
@psillyguava ok lets all seriously go vote ron paul and if another president doesnt own up to his promises were taking him the fuck out this time
JewUnit6 4 months ago
@JewUnit6 yeah if he doesn't keep his promises it might be time for a revolution
psillyguava 4 months ago
Jackson should not have paid off the national debt. He should have charged the bank and especially those individuals in charge of it a fee equal to the size of that debt, then called it even. Then made the supreme court rule it to be so. In other words, the debt was gained through chicanery and therefore is not a valid debt
Foreshadow44 5 months ago 3
@Foreshadow44 Also, and most importantly, as you said, we should be make an amendment that businesses such as banks operate on 100 percent requirement. it should be illegal not to lend something they don thave.........WHAT A SCAM THIS FRACTIONAL RESERVE LENDING IS!!!!!!
se7ensnakes 4 months ago
@Foreshadow44 I think that your remark is perhaps the most intelligent remark made thus far. Had this happened, we could have used court case as a citation for dissolving fractional reserve contracts. Right now if you present consideration in a lawsuit.....believe it or not they throw it out as frivolous. The courts wont contend your defense. The TORTUOUS INTERFERENCE WITH A CONTRACT. would have been a good start.
se7ensnakes 4 months ago
Can't take your wealth with you but you can't take your debt either
Foreshadow44 5 months ago
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Foreshadow44 5 months ago
This was a really informative and well done video. While I disagree somewhat with it's view on Gold and Silver, it does conceivably make sense that Gold and Silver can be used to manipulate the prices and be a tool for the elite. What would work best, is to have the debt-free Government issued money as the film suggests, but completely remove all taxes and such on Gold and Silver. Gold and Silver could still be used as money just not official US tender, a healthy "check" on the fiat system.
lovedalord88 5 months ago 2
@lovedalord88 Nothing will work with out an educated public.
se7ensnakes 4 months ago
What's with all this talk about whether to have a gold standard or a paper currency issued by the government. Why not just have a free market in money. Anyone can use any form of money they want. Sure that means anyone can create money, but it also means only the most stable, highly salable monies will survive. If one form becomes controlled or corrupted, simply move to another.
collinej87 5 months ago
@collinej87 Of course this may not be possible in a system based on coercion (taxation) because the planners could just require payment of taxes in whatever currency they controlled. But that is no problem to my worldview taxes are immoral and shouldn't exist anyways.
collinej87 5 months ago
wow if you think this movie is anti-zoinsim that's stupid. Although I believe in anti-zoinsim. This is not the same thing. Let's all seriously look at the facts and make an intelliagent comment. Not a stupid one. And yes, slavery never went away-it became an econmic system to those who use it and see nothing but it as a way to live. Aka -welfare, medicare, social security and so one.
kimleja1 5 months ago
what morons, it was fortold over 3500 years ago stop looking for excuses.
AbuAvital 5 months ago
Great film
G1987Jason 5 months ago
This movie is confusing. Paper money never works. As long as there are politicians and bankers, they will lie, deceive and defraud people over and over again. Abolish banks worldwide is the solution and gold, silver, copper etc. should be used as money.
mechanicalengineer3 5 months ago
RON PaUL 2012 end fractional reserve banking or END THE FED get rid of the overseas cartel that runs this country
MSM586 5 months ago 2
Make the Federal Reserve a Non-Profit Organization where all the current interest owned should be circled into the economy to create jobs and to pay off the national debt. Then a fresh-start with a new central banking "non-profit" with checks and balances be established with quarterly audits by 3 independent establishments.
Peace3500 5 months ago
This movie is full of propaganda & outright lies! For instance: at minute 48:45 he starts to talk about Ernest Seyd. This conspiracy has been proven to be false. See: wikiquote & search Ernest Seyd.
UtzChips2009 6 months ago
Vote Ron Paul 2012 to end the FEDERAL GOVERNMENTS' 40 YEAR LONG UNSUCCESSFUL WAR on the people's freedom of choice to consume substances (The end of the War on Drugs).
Ron Paul to audit the fed. Ron Paul to default the Constitution. Ron Paul to end the "Patriot" Act. Ron Paul to end the private bankers' "Federal" Reserve and the power for them to print currency (UNCONSTITUTIONAL).
Ron Paul to end warantless spying on American citizens, like you and I
Ron Paul to restore the people's rights!!!
psillyguava 6 months ago
Giving government control of the money however puts power into a hierarchy, not appealing to any anti-authoritarians.
Ebuverthebicepcurler 6 months ago
Redraw boundaries of the US to 12 states instead of 50 states,
reduce SIZE of the FEDERAL GOVERMENT by 70%...
Abolish the FEDERAL RESERVE SYSTEM and IRS, withdraw from
the World Central Bank, LOWER TAXES by 50%,
Increase Tariffs on Imports, withdraw all military from Foreign Soil..
Dissolve NATO, Let Europe defend itself, Dissolve these Stupid
NAFTA and GATT Trade Agreements.. Government officials cannot
be members of secret societies. Dissolve CFR,NSA,CIA, Homeland
Security,etc.
afzpuppet 6 months ago
I am still confused about the evils of the gold standard part. How would you be able to limit government spending and inflation without a currency backed by gold or at least some commodity with actual value?
baughshreddz 6 months ago
A great book people would be interested in would be the book,
Basic Training For Revolutionaries. It was once in hard copy format and then it was banned. You can download it from Real Oath Keepers dot org
SolarDetail 6 months ago
END the FED.
KEEP ON PREPPING
PatriotPrepper 6 months ago 25
At the end Bill says that paper money is OK if it's not printed by bankers. If politicians create it, everything will be fine! HAHAHAHAHA!!!
Yea, we can trust politicians. They never lie to us, right?
What an idiot!
IOU's (paper money) do not work because they have no intrinsic value. Lies and corruption will always run rampant when your money is nothing more than a "promise to pay".
Gold has intrinsic value. It can't be corrupted. That 's why it has survived as money for thousands of years.
KDanagger 6 months ago