SR4 - Nov. 16, 2009 - The Still Report on the Economy

[SeaverofSweden]

was this the report referenced in the report on the secret of oz being censored on amazon?

[cmsahe]

Thanks Bill I'm learning a lot from your videos!

[zignationer]

you are indeed a man of truth! keep up the good work!

[PistolPackingPatriot]

Consistently EXCELLENT Mr. Still!

Please keep up the outstanding work of trying to save our country, our feedom, ourselves.

[rupertmja1]

Derivative trillions are money that has been created by investment companies as debt, without authority from anyone except that the law does not prevent them from doing it.

[misformarty]

Bill, i think you're awsome. keep up the good work!

[BrianJConsidine]

Ben, love the video, well done on the history, but I do wonder where you get the $700 Billion interest payment on a debt of $12 Trillion? Especially when the Treasury reported the total interest for 2009 at $383 Billion?

[bstill3]

Hmmm, odd you would bring that up here, since it's not mentioned in this report. In any case, that's the best estimate I could come up with for this fiscal year. No one believes the government numbers at this point.

[sopisful]

Värdeskapande

Schumpeter beskriver entreprenören som den verkliga värdeskaparen, då denne bryter ett equilibrium genom innovation som skapar mer nytta. Marknadsfunktionen är en viktig del i ekvationen för att prissätta nyttan.

Om prissättningen kan optimeras skulle då marknadsfunktionen vara överflödig? Svar JA,

[kzajac001]

Bill, believe the derivatives number you quote at the 2:30 mark or so is the NOTIONAL...not the fair value at a particular date.

[bstill3]

Those are figures available to everyone on the Treasury's website.

[bstill3]

I don't understand. Do you think I'm being unfair. It's a big number that illustrates the hold Morgan has on the world economy. Keep in mind, I also mentioned that Morgan's net assets was $1.6T. What's the beef?

[retrocareermelted]

bring me their heads

[Monetaryreforumadmin]

Ah yes, derivatives. I'd forgotten about them.

Superb, Bill.

Regards, Dom.

[davetheaussie1]

Brilliant work, Bill

[ReddHeretic]

I tend to think that if private banks didn't have a legal monopoly on money creation and the FDIC didn't exist, we wouldn't really need to heavily tax or ban derivatives trading. Such insane risk all seems due to the banks enjoying this powerful position and the deposit insurance by the FDIC making depositors apathetic towards what their banks are doing.

When you can create money out of nothing and the government underwrites your nonproductive speculation, the potential for abuse is monstrous.

[bstill3]

Good idea! But, that doesn't solve the underlying problem -- $700 BILLION a year goes to pay interest on the National Debt -- TOTALLY UNNECESSARY! Obamacare bill = $100 billion a year! WAKE UP!

[ReddHeretic]

Another good video, Mr. Still.

Protection of our rights being the sole legitimate purpose of government, I say that issuing a debt-free national money falls under the prerogative of securing our rights to liberty and to the pursuit of happiness.

If you ever need someone to do voice-overs for the text reading, I'll gladly help if possible.

[mayalibre]

Excellent work!

[desongliu]

Thank you, Bill! As always, I enjoy your video so much!

[bstill3]

Sorry it was late, everyone. I had to finally stay up all night last night to finish it up. 10 mins is too long to handle on a weekly basis, but I couldn't tell the story in less.

[BourneAccident]

Bill,

My wife and I love your Still Report. Your message rings clear and true. I forward your reports to my friends whereas I am constantly trying to educate them. Your reports are most helpful in illustrating just what is going on today. Keep up the good work.

P.S. Your new backdrop is perfect and appropriate.