none of us have all the answers. but i wouldnt exactly believe what this kid has to say either. for probably never taking a single damn macro or micro economic class in his life, he sure does have some bold statements about the way money runs in america. i would take whatever he has to say with a grain of salt. not to mention this may not even be his own idea. kids are very impressionable. this may be some idea that one of his political party idols thought up, and he is throwing it out there.
@bsblldude1921 I have taken three and serve as the chair of the Economic Restructuring Committee of the Downtown Dixon Business Association. Don't hate, bro.
@bsblldude1921 So he needs to have ideas that no one else has ever expressed before.LOL You sayin that you learned everything you know from scratch and were not influenced by anyone else .I think that you are the one that should be taken with a grain of salt.
@Sp0ilTheFun If you check out his blog, he's actually not to the right at all, he's pro-legalization, and anti-war... you need to stop jumping to conclusions.
A 4:31 video, 3:30 minutes talking about his life, 40 seconds they ask him what he would like to see changed, 20 seconds to attempt a joke on him. PATHETIC!
It is amazing to know that this kid already knows how the Fed works. Next thing he needs to know is who controls the Fed. We all know (actually just some knows it) that the Fed is controlled by 12 Regional Federal Reserve Banks. But these 12 Regional Federal Reserve Banks are actually owned by private banks!!!
These 12 Regional Fed Banks also gets a guaranteed profit of 6% annually!!! But of course the Federal Reserve Bank doesn't want to call it a profit. They call it a dividend.
@bajoverga Please gain a basic understanding of economics. Inflation is good at times because inflation helps in debt relief and increases investment. Of course you're too close-minded to figure that out, instead thinking inflation is "theft" because it's cool to think so.
@Galicia1981 I'm sorry, did you just copy and paste that from Wikipedia? Inflation means weaker dollar. Weaker dollar means more domestic jobs, mostly manufacturing (because it's cheaper to build stuff in the US with a crappy dollar). That means increased exports. That means lower trade deficit on the balance of payments/trade.
@flyworld3 well then lets use ur current theory, Right now the dollar is at its weakest point, so then there must be more jobs right now?
The dollar has lost 98 percent of its purchasing power since the inception of the FED. So where are all these domestic jobs u are talking about. Manufacturing?
@Galicia1981 Umm the Fed hasn't raised rates yet. Can't call near-zero rates inflation. Have you seen the current CPI? It went DOWN. That's the opposite of inflation. Right now we're seeing signs of a deflationary recession and so the way to counter that is controlled inflation.
You can call the fed printing billions of dollars a day inflationary, of coarse u can. Its no secret that our govt cant cover their bills by taxing us, so they create money out of thin air or print it.
I dont know about u, but this is very inflationary.
@Galicia1981 It's bad enough you can't spell properly but okay, I'll play along. You do realize they do quantitative easing for a valid reason right? By "printing money" they put more money in banks by buying their bonds, meaning banks have more money to loan at very low rates, meaning stimulated growth. Yes there are risks and yes, it doesn't always work but it's not like they're dumber than you are.
@flyworld3 lol its funny to me that u dont get it. U cant stimulate growth by taking money u create out of thin air, and buy things that are backed by debt.
THe more u print or create out of thin air the more inflation there is. ITs very simple.
And it never works, hence the problems u have today.
And lets not forget that the supposed great financial minds of our time told us we had hte strongest economy ever. If u want to believe these people then go ahead and go back to sleep
@Galicia1981 I never said that the economy is strong or anything. All I am saying is that a lot of the crap you radical right-wings talk about is based on shock, what-ifs, and a hatred for federal government. Do some research (if you know how that works). Yes, quantitative easing does create a weaker dollar but that is only one issue in a way to stimulate growth in other ways. Next you're going to say we should let corporations roam free.
@flyworld3 lol right wing nut? I think u should get to know someone better b4 u make a statement like that.
I come from a Austrian economics school of thought. These are the people that predicted this mess while everyone else called them crazy. They have been talking about this for many many years/
U cant stimulate a economy without first cutting spending, bring back manufacturing jobs and of coarse savings. We dont have a real economy. It is based on consumption.
@flyworld3 u cant have a centralized point of control over a economy(Keynesian econmics). You cant let a few human beings control the market, it doesnt work as we can see today.
The free market will always deal with the bad investments naturally
@Galicia1981 I'm not saying the free market is a bad idea, I'm saying there needs to be some sort of government intervention. Without a centralized banking system, who creates the money? Who will make sure the banks toe the line? In a free market competition is rampant and that may not always be a good thing. Also, remember that in a free market companies will only look out for profits and themselves.
@Galicia1981 Also, in a perfect world we would only have as little government intervention as possible. But it's a shame that people want to say that even a little bit of it is cause for massive riots and protests about how the federal government is trying to oppress us because they're all rich white guys.
@flyworld3 Before the central banks this country did just fine. It had competing currencies and then after process of elimination the people started using gold and silver. That is how it became to be legal tender.
THere are thousands of ways u can deal with currency, and before central banks, it let this country create the wealth that the whole world was astounded at.
But since the inception of a central bank everything went down hill as u can see through its history
@Galicia1981 THe reason why people are mad is bc of the over-regulation and control of our market. Letting a couple of corrupt men control interest rates and money supply is the worst thing u can do.
THe free market will always flush out the corrupt bc people dont want to do business with people they cant trust. But if hte govt gets involved then u have to do business with them bc there is no other choice.
@Galicia1981 Having a central banking system = nanny state? How backward are you? Besides, in the current market system if I don't want to do business with someone I can't trust, I don't. I don't see how your free market argument holds in that regard.
@flyworld3 yes a nanny state bc now they can run any kind of social program they want, Social security, medicaid, medicare, warfare, foregin empires bc now they dont have to raise the money, they can just create it out of thin air. You really think they could do this if americans had to write out a check every year for all this?
And that is nowhere near the reason why they took it off the gold standard. The dollar has lost 98 percent of its purchasing power since it did.
@flyworld3 what do u mean dont get all anti-federal govt without concrete proof? The proof is in our history. Anytime a govt gets to big it consumes itself.
@Galicia1981 Yes but in this day and age nobody would want to go back to the days of the gold standard. Do you know why they abolished it in the first place? It's too cumbersome and it's not flexible.
Gold has kept a strong value for over 6,000 years. Fiat currencies have always fallen, bc they are backed by nothing.
Gold and silver are the peoples money, it was created in the marketplace. All good things always originate in the marketplace. This i bc the american people decided what is good or bad, not some corrupt bearucrat in washington who thinks he knows whats best for the whole country
@flyworld3 so your kool with paying interest on a piece of paper to a private central bank in Europe that we dont even have the right to audit if so this young man has more brains that you do my friend
Better to be to the right than to the wrong.
bushbarnes 1 month ago
none of us have all the answers. but i wouldnt exactly believe what this kid has to say either. for probably never taking a single damn macro or micro economic class in his life, he sure does have some bold statements about the way money runs in america. i would take whatever he has to say with a grain of salt. not to mention this may not even be his own idea. kids are very impressionable. this may be some idea that one of his political party idols thought up, and he is throwing it out there.
bsblldude1921 10 months ago
@bsblldude1921 I have taken three and serve as the chair of the Economic Restructuring Committee of the Downtown Dixon Business Association. Don't hate, bro.
TheDevonMinnema 8 months ago
@bsblldude1921 So he needs to have ideas that no one else has ever expressed before.LOL You sayin that you learned everything you know from scratch and were not influenced by anyone else .I think that you are the one that should be taken with a grain of salt.
bushbarnes 1 month ago
this kid goes to my high school also.
bsblldude1921 10 months ago
It's on Facebook
anon95959 1 year ago
If you check out his blog, he's actually not to the right at all, he's pro-legalization, and anti-war... you need to stop jumping to conclusions.
anon95959 1 year ago
this guy goes to my school
SamanthaFayeFan1613 1 year ago
So young and yet so far too the right....Shame.
But he did go to private "christian" school so, I shouldn't be so surprised.
Sp0ilTheFun 1 year ago
This has been flagged as spam show
@Sp0ilTheFun If you check out his blog, he's actually not to the right at all, he's pro-legalization, and anti-war... you need to stop jumping to conclusions.
anon95959 1 year ago
Mainstream news, you gotta love their propaganda. THe woman at the end says, its a radical idea.
what is radical is that this 14 year old has a better understanding than that entire fox news room
Galicia1981 1 year ago
Couldn't help but notice that there is a skater in the picture
YEAH
squillysk8 1 year ago
He should change his name from Minnema to Maxima
heromiles 1 year ago
Good Job Kid..
keep it up..
reeferman69 1 year ago
This kid gives me real hope. long live the idea of liberty.
trekkerperson 1 year ago
A 4:31 video, 3:30 minutes talking about his life, 40 seconds they ask him what he would like to see changed, 20 seconds to attempt a joke on him. PATHETIC!
Valdris1987 1 year ago
It is amazing to know that this kid already knows how the Fed works. Next thing he needs to know is who controls the Fed. We all know (actually just some knows it) that the Fed is controlled by 12 Regional Federal Reserve Banks. But these 12 Regional Federal Reserve Banks are actually owned by private banks!!!
These 12 Regional Fed Banks also gets a guaranteed profit of 6% annually!!! But of course the Federal Reserve Bank doesn't want to call it a profit. They call it a dividend.
wavemakerx 1 year ago
Isn't it funny how a 14 year old knows more about the American economy then the people who actually run the country......Says it all really......
MujaRagHeadKillaUK 1 year ago
How is it radical to want to end the fed?
bajoverga 1 year ago
OHHHNOES!!!!
He said end the fed. Hurry up cut the connection and cue a commercial!!!
Must say he has a good chance for my vote in '44.
BrockTee 1 year ago
Oh sure, end the Fed. Because it's always the government's fault. Little shit.
flyworld3 1 year ago
@flyworld3 Please do more research. Inflation is theft, plain and simple.
bajoverga 1 year ago
@bajoverga Please gain a basic understanding of economics. Inflation is good at times because inflation helps in debt relief and increases investment. Of course you're too close-minded to figure that out, instead thinking inflation is "theft" because it's cool to think so.
flyworld3 1 year ago
@flyworld3 Inflation is good at times? So then why dont we just have hyper inflation then and we will all be rich.
Just like debt equals prosperity, right?
Galicia1981 1 year ago
@Galicia1981 You really are retarded. Did I say hyperinflation? I said inflation. Moderate levels of inflation keep the economy running.
flyworld3 1 year ago
@flyworld3 inflation is never a good for an economy. Need to stay away from that Keynesian thinking. Its already proven to be obsolete
Galicia1981 1 year ago
@Galicia1981 I'm sorry, did you just copy and paste that from Wikipedia? Inflation means weaker dollar. Weaker dollar means more domestic jobs, mostly manufacturing (because it's cheaper to build stuff in the US with a crappy dollar). That means increased exports. That means lower trade deficit on the balance of payments/trade.
flyworld3 1 year ago
@flyworld3 well then lets use ur current theory, Right now the dollar is at its weakest point, so then there must be more jobs right now?
The dollar has lost 98 percent of its purchasing power since the inception of the FED. So where are all these domestic jobs u are talking about. Manufacturing?
Galicia1981 1 year ago
@Galicia1981 Umm the Fed hasn't raised rates yet. Can't call near-zero rates inflation. Have you seen the current CPI? It went DOWN. That's the opposite of inflation. Right now we're seeing signs of a deflationary recession and so the way to counter that is controlled inflation.
flyworld3 1 year ago
You can call the fed printing billions of dollars a day inflationary, of coarse u can. Its no secret that our govt cant cover their bills by taxing us, so they create money out of thin air or print it.
I dont know about u, but this is very inflationary.
Galicia1981 1 year ago
@Galicia1981 It's bad enough you can't spell properly but okay, I'll play along. You do realize they do quantitative easing for a valid reason right? By "printing money" they put more money in banks by buying their bonds, meaning banks have more money to loan at very low rates, meaning stimulated growth. Yes there are risks and yes, it doesn't always work but it's not like they're dumber than you are.
flyworld3 1 year ago
@flyworld3 lol its funny to me that u dont get it. U cant stimulate growth by taking money u create out of thin air, and buy things that are backed by debt.
THe more u print or create out of thin air the more inflation there is. ITs very simple.
And it never works, hence the problems u have today.
And lets not forget that the supposed great financial minds of our time told us we had hte strongest economy ever. If u want to believe these people then go ahead and go back to sleep
Galicia1981 1 year ago
@Galicia1981 I never said that the economy is strong or anything. All I am saying is that a lot of the crap you radical right-wings talk about is based on shock, what-ifs, and a hatred for federal government. Do some research (if you know how that works). Yes, quantitative easing does create a weaker dollar but that is only one issue in a way to stimulate growth in other ways. Next you're going to say we should let corporations roam free.
flyworld3 1 year ago
@flyworld3 lol right wing nut? I think u should get to know someone better b4 u make a statement like that.
I come from a Austrian economics school of thought. These are the people that predicted this mess while everyone else called them crazy. They have been talking about this for many many years/
U cant stimulate a economy without first cutting spending, bring back manufacturing jobs and of coarse savings. We dont have a real economy. It is based on consumption.
Galicia1981 1 year ago
@flyworld3 u cant have a centralized point of control over a economy(Keynesian econmics). You cant let a few human beings control the market, it doesnt work as we can see today.
The free market will always deal with the bad investments naturally
Galicia1981 1 year ago
@Galicia1981 I'm not saying the free market is a bad idea, I'm saying there needs to be some sort of government intervention. Without a centralized banking system, who creates the money? Who will make sure the banks toe the line? In a free market competition is rampant and that may not always be a good thing. Also, remember that in a free market companies will only look out for profits and themselves.
flyworld3 1 year ago
@Galicia1981 Also, in a perfect world we would only have as little government intervention as possible. But it's a shame that people want to say that even a little bit of it is cause for massive riots and protests about how the federal government is trying to oppress us because they're all rich white guys.
flyworld3 1 year ago
@flyworld3 Before the central banks this country did just fine. It had competing currencies and then after process of elimination the people started using gold and silver. That is how it became to be legal tender.
THere are thousands of ways u can deal with currency, and before central banks, it let this country create the wealth that the whole world was astounded at.
But since the inception of a central bank everything went down hill as u can see through its history
Galicia1981 1 year ago
@Galicia1981 THe reason why people are mad is bc of the over-regulation and control of our market. Letting a couple of corrupt men control interest rates and money supply is the worst thing u can do.
THe free market will always flush out the corrupt bc people dont want to do business with people they cant trust. But if hte govt gets involved then u have to do business with them bc there is no other choice.
Freedom is always better than a nany state
Galicia1981 1 year ago
@Galicia1981 Having a central banking system = nanny state? How backward are you? Besides, in the current market system if I don't want to do business with someone I can't trust, I don't. I don't see how your free market argument holds in that regard.
flyworld3 1 year ago
@flyworld3 yes a nanny state bc now they can run any kind of social program they want, Social security, medicaid, medicare, warfare, foregin empires bc now they dont have to raise the money, they can just create it out of thin air. You really think they could do this if americans had to write out a check every year for all this?
And that is nowhere near the reason why they took it off the gold standard. The dollar has lost 98 percent of its purchasing power since it did.
This is all planned
Galicia1981 1 year ago
@Galicia1981 Yeah, THE GOVERNMENT IS AGAINST US! HOLY SHIT IT'S A FUCKING CONSPIRACY
flyworld3 1 year ago
@flyworld3 lol no no, its all just one huge coincidence.
lol go back to sleep you have a lot to learn
Galicia1981 1 year ago
@Galicia1981 I think you do. Don't get all anti-federal government on me without concrete proof instead of saying what MIGHT happen.
flyworld3 1 year ago
@flyworld3 what do u mean dont get all anti-federal govt without concrete proof? The proof is in our history. Anytime a govt gets to big it consumes itself.
What do u mean by that statement?
Galicia1981 1 year ago
@Galicia1981 Yes but in this day and age nobody would want to go back to the days of the gold standard. Do you know why they abolished it in the first place? It's too cumbersome and it's not flexible.
flyworld3 1 year ago
Gold has kept a strong value for over 6,000 years. Fiat currencies have always fallen, bc they are backed by nothing.
Gold and silver are the peoples money, it was created in the marketplace. All good things always originate in the marketplace. This i bc the american people decided what is good or bad, not some corrupt bearucrat in washington who thinks he knows whats best for the whole country
Galicia1981 1 year ago
@flyworld3 ?? I didn`t know sheeple were able to use a computer.
Valdris1987 1 year ago
@flyworld3 so your kool with paying interest on a piece of paper to a private central bank in Europe that we dont even have the right to audit if so this young man has more brains that you do my friend
TexasBeaner214 1 year ago
You get my vote in '44!
larspeterson7 1 year ago
END THE FED....DON'T STEAL the govenment hates competition!!!
petiemac24 1 year ago
Comment removed
rhysqqq 1 year ago
Do the criminal media heads get paid to use the word "Radical" with regards to the idea of ending the federal reserve? LOL, MSM s*cks
rayme4raw 1 year ago 2
@rayme4raw The Federal Reserve is whats "Radical" Yes MSM really s#cks..
iiguns 1 year ago