SR 9 January 1, 2010 Still Report - revised

[barksdale69]

Government should be funded by a voluntary means. Nationalizing the debt will not solve the problem. The banks need to be ran by the People. Reclaiming only "some" control of the money supply will NOT be suffice. The People must have TOTAL control of the money supply. It matters not if its a piece of gold, paper, a stick or any material item. Funding the government from interest collected from private sector borrowers eliminates this problem. Thus removing ALL forms of taxation.

[slumberingsam]

Ron Paul should pick Bill Still for his running mate! :)

[TheHorsenation]

geez, could it be that they actually re-cast the few bars they had mixed with another cheap metal, to be able to fill up the small room they showed to these visotors, what a sick, sorry joke.

[jeepndesert]

i read in wealth of nations that the king hated minting gold coins because people would clip, skim, and pinch the gold coins, a form of counterfeit. if you clip enough gold coins, you create a new gold coin. helps fight deflation but at a cost.

[gscash]

great vid.

[twobaud]

Bottom line: All money should be created and controlled by the people (the public) who use it. If produced in the proper quantities that match production and sales of goods and services it will not be inflationary, even if backed by noting but the full faith and credit of the issuing authority or government. Money is a temporary substitute for wealth, not the wealth (as in gold or silver) itself. Money has only exchange value, not intrinsic or consumable value, as do commodities.

[bstill3]

Exactly right!

[jeepndesert]

@twobaud exactly. and you have the freedom to choose the commodity of your choice in the free market to store your wealth. having the state dictate the commodity corrupts the free market in that commodity. it violates libertarian principle to advocate hard fiat. the benefits of hard fiat is better realized with soft fiat because you can choose the commodity of your choice.

[cowboy219]

I have a major problem with your argument that the price of gold can be manipulated.

First, you didn't tell the whole story behind "Black Friday" Gold manipulation scandal in 1869.

-- The reason why Fisk and Gould were able to manipulate and corner the Gold market was because they had "insider" information. Fisk and Gould had Daniel Butterfield (Assistant Treasurer) tip them off when the government intended to sell gold, there by cornering the market.

The core problem is corruption. Not Gold.

[cowboy219]

Second, it's easier (and cheaper) to find counterfeit gold through the use of technology, than it was 100 years ago.

[bstill3]

Not the point. Point is that gold is still susceptible to manipulation and counterfeiting. It is not, and NEVER has been "honest money."

[twobaud]

@cowboy219 Of course the gold market is manipulated, and always has been. All major markets are manipulated by the major players. Only small, minor markets (your local farmer's market, for instance) may remain somewhat free and not manipulated. The entire purpose of monopolies and cartels is to monopolize (control) markets. And it is no longer the gov't that sells gold, but the Fed, IMF, etc - the bankers. You don't think they "tip off" major players about gold buys and sells?

[hrosemd]

Bingo.

Gold and silver are the two worst things that can be used as money, except for all the others.

[freedomfighterone]

If you replace the current monetary system with another monetary system, eventually you will have the same problem as now. Because a system based on selfishness and greed can only give you selfish and greedy people.

What we need is a system that is based on NO Money and NO Government. We need a system where all human beings have access to all technology, and share the natural resources of the world with each other, without the need for war.

[bstill3]

Well it needn't be based on selfishness and greed. Money should be a public utility created for all citizens equally. Those who work harder or smarter will naturally have a larger share. Government is the only thing that restrains evil. To say government cannot control money is to not only deny the U.S. Constitution, but the very basis of all elected governance and humankind's 1,000 year struggle for some measure of freedom.

[maddies1]

great video!! thank you for this.

[fox20012]

Brilliant!

[rupertmja1]

What's this story about tungsten having been found in many gold bars held in banks? If true, it could create a financial tsunami.

[bstill3]

Do a search on it. It's all over the web.

[jhunted7667]

i'ts in some coins too , 1,500,000 fake Gold $640,000,000,000.00 dollars

the question is is where's the real gold that got switched at fort knox , it got re-melted down into new bars

[bstill3]

If I may defer, this will be the topic of SR 11. Short answer: if you don't want the greatest of all powers as close to your hands as practical, in whom would you entrust it?

[christianpatriot125]

I wondered when you would spot the Ron Paul error. In the original version you were of course referring to his current tenure on Capitol Hill which began in the late 1990s, forgetting that he was first elected in the 1970s.

It was not a major error, it did not effect your subject matter.

[bstill3]

Yeah, but I was horrified. You gotta be right on this stuff.

[ABETRMAN]

Five Stars*****Awesome!

Your post are par-excellent !