Fiat Empire - The Federal Reserve is Unconstitutional 1 of 6

[AbdurRahman1776]

No IRS and Federal Reserve - RON PAUL 2012!

[britchesiscool]

Does anyone know if there is a documentary out there in support of the federal reserve? I imagine there must be one *somewhere*, but I can't find it. I just want to hear "both" sides of the argument before I make a final decision. :-)

[music4826]

This upcoming generation will NEED a revolution, or we will suffer greatly that is, if this country survives, and it will NOT if we continue to go this way. The people need to know their rights, most people do not know that the federal reserve is private. Tools like facebook can be used to unite our people, in return the government is passing a law to watch over what we do on the internet... cough sorry the Patriot act there now it sounds pretty.

[Stephe4]

It's obvious not enough have seen this. Lack of interest? To dry for most? Is there anybody out there?

[Rockstar97321]

If half the adults in the nation watched this video, there would be a revolution. Jesus threw the moneychangers out of the temples; and he was murdered by the government 4 days later. The creation of the Federal Reserve was the biggest financial crime in the history of the USA; yet, people like Rush Limbaugh are totally ignorant of it. Watch The 3 hour film called The Money Masters, which is another excellent video on this all-important topic. END THE FED!

[24seacloud]

@Rockstar97321 If half the adults who watched Fiat Empire bothered to check the claims this video makes hardly anyone would watch it anymore.

[Rockstar97321]

@24seacloud All right. I'm willing to learn. Name one claim that this film makes that you think is in error.

[24seacloud]

@Rockstar97321 Sure, let's start with the Article 1 quote from the Constitution. It was cobbled together from two unelated sections - section 8 and section 10. Section 8 defines the powers of Congress, section 10 limits the powers of states. You can't mix up the two and claim that the constitution mandates gold as legal tender. Section 10 actually forbids coining money. Check out a copy of the actual constition and see how many times gold and silver are mentioned.

[24seacloud]

@Rockstar97321 Second, you will find that the Jefferson quote is also fabricated - it contains words that did not actually exist until after his death.

[24seacloud]

@Rockstar97321 The film goes on to iluminate us with a document that supposedly showed that 53% of the ownership of the NY Fed branch was held by just 5 member banks. This is held as proof that evil corporations control the Fed. However, fed banks are not organized like traditional corporations, each member bank has only 1 vote regardless of how much stock they hold . You would need a controling interest in hundreds of banks to elcect your minions to the N.Y. Fed’s board of directors

[24seacloud]

@Rockstar97321 In a Fiat money system all money is created from debt. When the treasury sells securities to the Fed money is created. When you take out a mortgage, get a loan to buy a car or use your credit card to gain access to a porn site you are doing the same thing.

There is a legitamate Constitutional argument that Congress is neglecting their section 8 responsibilities and that a Fiat money system is doomed. Why do they have to dress it up with lies?

[24seacloud]

@Rockstar97321 By the way the Fed does NOT print money, they create it with a keystroke.  The Treasury prints money and sells the bills to the Fed - for seven cents each, I think.

[espirituo]

Outstanding... A Word to the Wise is Sufficient...

The FEDERAL RESERVE Banking System is a SCAM and a FRAUD, as well as unconstitutional, as set forth by our Founding Fathers!

For you wicked and cruel bankers of the Federal Reserve Banking System will be EXPOSED sooner than later!

[Will224000]

...7 Bankster controlled sock puppets do not like this vdo...

[toofattocare77]

I've gotta say, I don't like when these kinds of videos use Bible quotes. Let's keep the mythology out of serious political and economic discussion.

[jneil2007]

@UBSCARED I have. And i don't care what was decided then. The constitution clearly states that congress shall coin money and regulate the value there of. Not a corporation chartered by congress. The constitution is the supreme law of the land and overrides any unconstitutional decision made by congress, the president, or the courts. How about you read the constitution before you resort to name calling. You kids are all the same.

[CosmosPrivateer]

One problem we have is there is NOT enough gold and silver for us to trade with.

There probably isn't enough to make the payroll in America for one week.

When they wrote the constitution there may have been enough but not now.

Why does the Federal Reserve charge the peoples government interest? The interest is the problem and creates the debt.

[24seacloud]

@CosmosPrivateer

By law the FRB returns profit to the treasury. "According to audited financial statements, the U.S. central bank transferred $79.3 billion to Treasury's coffers last year, up from $47.4 billion in 2009 and a record turnover for a second straight year"

reuters.com/article/2011/03/22­/us-usa-fed-profits-idUSTRE72L­6D320110322

[CosmosPrivateer]

@24seacloud

Sure they do but not all of it, they/bankers do make a profit.

[24seacloud]

@CosmosPrivateer There are some operating expenses but 97% goes back to the treasury. Check out this link:

publiceye . org/conspire/flaherty/flaherty­7.html

They reference their source as the 86th Annual Report of the Board of Governors, p.335 but their link is dead - go to federalreserve . gov/boarddocs/rptcongress/annu­al99/ann99.pdf

[CosmosPrivateer]

@24seacloud

So I will ask why o why would the fed charge interest on the money it loans to the our government. Sounds kind of stupid.

[24seacloud]

@CosmosPrivateer That is a good question - however since it is Fiat Empire that says that interest is charged and since every other "fact" I have checked in this film is bullshit maybe they don't even charge interest. Can you demonstrate that they do?

[24seacloud]

@CosmosPrivateer I think it might go like this - the Fed does not CHARGE interest - it buys treasury bonds that EARN interest. Member banks also make a small dividend on the shares they own in their regional central bank.

[CosmosPrivateer]

@24seacloud

So the Fed then creates the dollars from the Bonds and tells the treasury it can print money?

[24seacloud]

@CosmosPrivateer Almost, the Fed creates the money from thin air to buy the bonds. The Treasury has an account at the Fed and takes out a loan when it issues bonds.

As far as I can tell it is true that fiat money is created from debt. When the Treasury borows money by issuing bonds or when you go to the bank and take out a loan. It may also be true that the money supply shrinks when the general populace pays debt down. I have not wraped my mind around that just yet.

[CosmosPrivateer]

@24seacloud

Would you say that buying stock drives the prices we pay for products up? Many people can't afford to invest in stock so they get double whacked. Those that can drive the price up even for themselves.

I agree it is mind boggling yet I think it is designed that way. But in the end it is quite simple were getting hosed by the government that belongs to the people.

Keep in touch enjoying the conversation.

[24seacloud]

@CosmosPrivateer I don't know the stock market drives prices but I think speculating on commodities does. When the economy tanked and stocks dove people switched money to commodities - the market did recover but throw in some crappy harvests - big copper mine went down - weather disasters - earth quakes - middle eastern political unrest - wars - terrorism - European financial reorganization -. Gold, Silver, cotton, food, gas and anything that gets delivered in a truck - it all goes up.

[msungs]

The USS Titanic (economy) hit the iceberg (2008). The ship is sinking. Ben "Bubbles" Bernanke is trying to print enough "Owe"bama bucks to patch over the gaping hole. "Owe"bama orders the band (US news media) to keep playing. People like Peter Schiff, Ron Paul, Gerald Celente, myself, and others know what is going to happen (complete devastation) and are warning everyone to get to the lifeboats (gold, silver, food, water, guns or even fleeing the USSA like I did). Few will heed the advice.

[fastone32]

Kissinger makes me sick just lookin at him .

[thatsnotagoat]

'ide buy silver' .... what a 'fucking' moron

[cooperbry]

Fantastic!

[jimmyrtle]

Jeeferson never used the word deflation.

[tatomuck18]

what so bad about this! its printing out MORE MONEY!

EVERYONE will be getting MORE money! Whats so bad about that? Wages are going up, minimum wages are going up, everyone is getting richer.

[holyghost21]

@tatomuck18 lol. everyone gets more and more money while its value gets smaller and smaller.

[Fike2308]

Ron Paul 2012

[brandaniel2]

As Ron Paul supporters chant.. END THE FED

[yakyakyak69]

Less that 10% of the population participated in the American Revolution against the crown.

YOU can make a difference!

SPREAD THE WORD and NEVER stop even when your sheeple friends think you're crazy!

[lomocan]

@yakyakyak69

"Less that 10% of the population participated in the American Revolution against the crown.

YOU can make a difference!"

Well said, people (including myself) often get disheartened when they can't get "sheeple" to understand that we're all being screwed but you're right EACH ONE OF US can make a difference.

"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."

[yakyakyak69]

@lomocan

FIRST we need to DEPROGRAM people and help them understand that America is NOT a "Democracy". Our founders FEARED and HATED pure "Democracy" as just a form of Lynch Mob Rule where there ARE NO INDIVIDUAL RIGHTS, only privaledges given to CLASSES by the collective which can be removed at any time.

Watch: "The American Form of Government" and "The Philosophy of Liberty" and "Money as Debt" here on YouTube.

Then mention these video's to EVERYONE over and over again!

[lomocan]

@yakyakyak69

Yup, prominent Founders didn't like democracy & that's why they created the Constitution which was & is supposed to be followed by elected representatives while carrying out their duties. There's a reason why elite-owned mainstream-media keeps brainwashing Americans into thinking US is democracy.

Thanks, I just watched & favorited the other two videos but "money as debt" is just misleading by asking for "govt-issued money" instead of REAL gold-standard which'd best solution

[MadEclectic]

This video demonstrates what's wrong with America, and why we just can't win. This video has 3,005 views. Yet, if you posted a picture of Lindsay Lohan's vagina, you'd get 200 million views the first day. And those 200 million people GET TO VOTE!!!! We're screwed! hopefully by including Lohan's name here it will turn up on a google search and draw at least one person here to view this video. They can't blame the host for "false keywording" that way. Good luck, and good job, BLG!

[edavismookie25]

So sad and yet so true. I think that the public education system has dumb America down to such a degree that winning is a foregone conclusion.

[nofxmike06]

@MadEclectic I agree. An appeal to lust is much more profitable and marketable to an ever-disintegrating population with little or no grip on reality.

[stealthjdm]

@MadEclectic I spam this video to everyone I know like a viral marketing campaign and still it only has 6671 views. Every economics class should show this movie.  In fact every school in every grade.

What I love about this movie is how fact base it is rather then a long stream of opinions. Everything in here is well researched and factual. It makes me sad there isn't a million views

[lomocan]

@stealthjdm

"Every economics class should show this movie. In fact every school in every grade"

It doesn't because people looove the public education system which is controlled by politicians & bureaucrats which are in turn controlled by bankers & corporates; communists & socialists love public education because it allows them & their masters ie bankers & corporates, to control the thinking of the masses & dumb them down; that's why we MUST have complete private education.

[KAZVorpal]

@MadEclectic The reason it isn't getting many views is that it's wrong.

The Founding Fathers specifically set up the first private central bank, in 1791. George Washington signed its charter. James Madison signed the charter for the next one in 1816.

Clearly, a private central bank is constitutional...what the authors and signers of a contract intend is the ONLY valid interpretation of that contract, including the Constitution.

[lomocan]

@KAZVorpal

Further, people knew that it was a private bank UNLIKE Fed which PRETENDS to be govt-organization. Further, the prominent Founders Jefferson,Adams,Madison,etc all opposed it but "lobbying" & monied-interests were alive & well back then as well which pushed the bank thru.

"Clearly, a private central bank is constitutional"

Firstly, its NOT constitutional but that aside, I'm wondering how is it that you're ok with a private org controlling US economy & thereby the WHOLE NATION

[lomocan]

@KAZVorpal

"The reason it isn't getting many views is that it's wrong.

The Founding Fathers specifically set up the first private central bank, in 1791"

It was NATIONAL bank, NOT central bank ie it was just a private bank where govt owned 1/5th of stock, it did NOT have monopoly over currency as state-banks could their own currencies nor did it have ANY authority over other banks & importantly, it could NOT issue UNLIMITED currency & its debts & loans were limited upto its capitalization

[KAZVorpal]

@lomocan You are excuse-making...nit-picking to justify your own violation of the Constitution with your reinterpretation.

The Founders chartered a national bank. This demonstrates the constitutional power to do so. You can't just claim that different details make it not count.

[jneil2007]

@KAZVorpal Correction some of the founders chartered a central bank. Some like Jefferson and Madison did not want this. But they quickly ended the 1st bank after 20 years I believe. Hamilton was a tool of the bankers.

[KAZVorpal]

@jneil2007 Yes, the first charter expired after twenty years. Without that central bank, though, the US actually suffered rapid inflation...so four years later, James Madison, nominal author of the Constitution, signed the charter for a SECOND privately owned central bank. Clearly, it's constitutional.

[lomocan]

@KAZVorpal

"Without that central bank, though, the US actually suffered rapid inflation"

WAR of 1812 caused the inflation, NOT due to absence of a central bank (it didn't even one before anyway); the war instigated directly by banking-interests in Britain who were pissed at US's decision to end the national bank. Madison re-chartered erroneously thinking that national currency would help with inflation but it did NOT, it CAUSED panic of 1819 & again, it was NOT a central bank.

[lomocan]

@jneil2007

"Correction some of the founders chartered a central bank"

omg, it was a NATIONAL bank, NOT a central bank; there's HUUUUUGE difference between the two.

[lomocan]

@KAZVorpal

"You are excuse-making...nit-picking to justify your own violation of the Constitution with your reinterpretation"

*facepalm* Please learn the difference between CENTRAL & NATIONAL bank. National bank is just a private bank LIKE ANY OTHER BANK but it has NO CONTROL over the currency & economy or other banks in the nation while a central bank has FULL control over currency, economy & all the other banks in the nation.

[jneil2007]

@KAZVorpal It says under article 1 section 8 that the money power resides with congress. Point blank period. This scares people but why would you give the money issueing power to banks both domestic and foreign. Congress should issue money debt free, not borrow money created from thin air. This country as lost its mind. I tell ya.

[jneil2007]

@MadEclectic Wow your so right, it blows living in a nation full of idiots.

[24seacloud]

@jneil2007 Yes, it blows living in a nation full of idiots who watch films like this without questioning any of the "facts" in it. Just sheeple of another breed.

[jneil2007]

@24seacloud Are u skeptical of this film or think it points out important info?

[24seacloud]

@jneil2007 When the facts don't check out I become suspicious about the quality of the info. It started when I wanted to find their constitutional qoute in the constitution - not there. All the words are there, just not aranged in that order. Why does someone want to intionaly mislead people on this subject is what I want to know. So far they have rewriten the constitution, put words in Jeffersons mouth he never said and mislead about the structure of the FED. Thats just the 1st instalment.

[jneil2007]

@24seacloud I see. Read Article 1 Section 8 of the Constitution. The money supply belongs to Congress and only gold and silver can be legal tender. The Fed is unconstitutional and must be abolished. Not only is it illegal it is a failure bc it has inflated our money so much that we are forced to work more and now parents depend on schools and babysitters. It now takes 2 to 3 incomes to get the bills paid. The numbers don't lie. Jefferson did feel that way about a central bank tho.

[CosmosPrivateer]

@jneil2007

But I truly womder if the fed creates inflation, maybe some. I think the stock market creates more inflation then the fed does.

example: watch crude oil stocks.

[24seacloud]

@jneil2007 Gold and silver are only mentioned ONCE in the Costitution - and it ain't in section 8.  Try reading the ACTUAL constitution, not the bullshit cobbled together qoute in the this film. Or jump over to my channel and watch my video response.

[24seacloud]

@jneil2007 I should also say that I think you can make an argument that Section 8 does require Congress to set the value of money and It may be a valid point of view that Congress has unconstitutionaly ceded their resposibility to the Fed. But I maintain that the Consitution does not require a gold standard.

[jneil2007]

@24seacloud Doesn't require a gold standard yes but gold and silver are the only thing that can be legal tender. Why? Bc that keeps the government in check. If the people become suspicious of the governments monetary policy then they can demand their gold and silver back. This is what happened in 1933 when the ppl didn't trust the gov or the banks and demanded their gold. FDR and the Federal Reserve decided the gold standard was no more and outlawed it to further inflate the dollar.

[24seacloud]

@jneil2007 Check the actual constitution. The line about gold and silver is in Section 10. Section 10 limits the powers of states only - just the states. Section 10 not only limits a states power to make legal tender to just gold and silver, It also prohibits coining money. A state can, like Utah is doing, make it legal tender - meaning you can offer gold as payment for a debt and your creditor has to accept it.

[NancyHey]

@MadEclectic Isn't that a sad fact!

[le0pardess]

Where are video's 2-6?!

[lorerax1]

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. Ronald Reagan (1986)

[OurLordLennon]

I HAVE SENT this VIDEO VIRAL across the net & to everyone I know ALONG w/ FREEDOM to Fascism...ATTEND TOWN MEETINGS, Tea Parties, SPREAD THE WORD !

OUR GREAT NATION & OUR LIBERTIES ARE IN PERIL !

LETS DEFEND OUR REPUBLIC NOW & WIPE OUT BIG GOVERNMENT, put THE CROOKS in office now in jail !

the PUPPET MASTERS must be

brought down !

VIVA LA REVOLUTION !

[MrBankRuns]

America better learn fast the teachings in these videos before it is to late. god help US all!

[JacobR248]

Thanks for the video.