The Federal Reserve - G. Edward Griffin on Economics 101

[pretorious700]

When asked what should replace the Fed, Dr. Thomas Sowell replied, "What do you replace cancer with?"

[PistolPackingPatriot]

Bravo. End the Fed. Need I say more? Oh yeah, and say NO to the NWO. Oh, and abolish the IRS and its Income Tax. Oh, and hang the traitors. That pretty much covers it. Yup. Oh one more thing: I want my money back! I want my money back!

[Nikopolis1912]

End the FED!!!

[jbwu2b]

Great. Thanks.

[HostileNegotiator]

Thanks James and Edward. I agree. It must be abolished. Abolish the Federal Reserve.

[LPHLPH1]

no other field, other than economics can have "experts" so completely in disagreement on what is true. And of course lawyers. Economists and lawyers are all rats. THey don't care what is right or what is true or what is correct. They only care about who is signing their paycheck. If an economist is a liberal, he can make his data say that redistribution is good. If he is conservative, his data will say the opposite. If his boss is obama, his data will say the exact opposite as Bush.

[yipe222]

All you have to do to see who's right is look at history. But, it's quicker to look at Detroit, Mi. It use to be a wealthy city but after 50 years of solid Progressive government look what they have done to it. Now you have 100's of thousands that have moved. It looks like one big giant slum. Look what progressive unions in Detroit have done to the car companies as well as Detroit itself. There is your PROOF!!

[libbertines]

YOu are all idiots. The federal reserve is not trying to "rip people off" i am from the UK and study economics. The federal reserve, at the minute is doing what needs to be done to pull the world economy out of the current recession. By boosting money supply it ecourages banks to lend( which they are not doing right now) and thus helps business' and people from going bust. Anyway, with the increase in money supply wages also rise to cover for the inflated price of products................

[HereticNix]

We are idiots? and you STUDY ECONOMICS??? look at why F.A. hayek won the nobel prize (hint: because he proved in his work that central banks cannot fulfill their supposed purpose) the fed caused the recession. artificially low interest rates caused false lending and resulted in in the bursting of the housing bubble. "boosting the money supply" necessarily causes inflation. in fact our dollar (u must not care across the atlantic) has lost 96% of its value since the inception of the fed.

[HereticNix]

The actions being taken to "pull the world economy out of the current recession" will only make things worse later. btw i'm not the one to thumbs down your comment. i don't mean to be antagonistic. please respond, i'd love to debate you. check out austrian economics. the austrian economists are the ones who have predicted virtually every recession for 80+ years.

[rblevdawg]

Despite your derogatory remarks, I cannot hate you for being misinformed. To be sure, the fed wants to be seen as the savior in this economic downturn. When in fact they should be scrutinized as the cause of it. By boosting the money supply they are only saving banking institutions by filling their reserve requirements and preventing insolvency.

Thus sustaining the system. The only way banks will ever start lending again, is when buisnesses and individuals begin saving and making deposits.

[LPHLPH1]

the problem with the discipline of economics is that it's almost meaningless as a credential. You could have 6 economists all with PhD degrees in their field, and none of them will agree on anything. Indeed, Karl Marx was an economist, so was Milton Friedman. The only thing they have in common is they are both jews. Economists are tools. By themselves, they are almost worthless. They are hired by powerful people or powerful entities to make the data fit the biased preconcieved idea.

[intelite]

How do we off the Federal Reserve? They are destroying us all.

[bigdaddyof2008]

Well intelite,

It's rather simple process, yet difficult

You Me an everyone else who is aware of this crime against humanity. Must inform our fellow human beings of this B.S an how money created as debt hurts us all except these banksters.

Then collectively, in large enough numbers we must tell them NO MORE we shall not comply with our own inslavement any longer.

Then to demonstrate our resolve we collectively go on strike!!!

[BennyBanksterBoy]

End The Fed.

[matrixxx123456789]

End it.

[Frequencitee]

Please check out the movie "The Capitalist Conspiracy" from Griffin on Google. Around 48 minutes in length. That should put a new spin on the term "conspiracy".

It is interesting to hear him talking about some of the same players three or four decades later.

[LeedansParis]

Fantastic!!!

Thank you for the real news!

[gwellyn]

BRILLIANT, WELL SAID