I made 713% during the 2008 Market Cash, you make money going down too. There's a lot of dumb money out there that people don't deserve to have. Don't be made cause your stupid.
No--he's explaining the thing in the same terms as that in which the entire C-SPAN thing is discussed for congress; so, the listener is unable to ever understand or come to any sort of useable knowledge of the truth of matters concerning money and currency. Interesting and comical, too, watching Paul Jay grow confused, so, he interrupts Sony, and then, Sony begins again, from a different page of the same rationale or book--pore ole Paul, . . . comical, . . .
An excellent and revealing interview. One can interpret this to mean that greater regulation is needed, but I suspect that what is needed is less. Even the best regulation virtually always creates an environment that favors large institutions. Throw in the lobbyists and you get custom crafted regulation that makes real competition impossible. I suspect that the only way to cut out unfair practices is to remove the illusion of government protection so that people start looking out for themselves.
That's was the problem... Government protection was removed and people started looking out for themselves ONLY...
This allowed for a handful of people to make a windfall profit while the rest of the country suffered... This is everything that labor fought to prevent for 100 yrs...
Regulation by elected and uncorrupted officials will always be better than total laissez-faire which essentially amount to full fledged chaos with no rules and THEN large institutons can REALLY do what they want and ONLY what they want. People created representative government in the first place to prevent things like this.
Representative government was created to prevent coercion and fraud. So long as the rule of law is protected and contracts are honored, large institutions can only take advantage of people when people agree to be taken advantage of. As it is, people too often take it for granted that the government will take care of them and that they don't need to read the fine print so a healthy dose of skepticism is lacking. It's ironic I know, but less "protection" sometimes means more actual safety.
What's wrong with all these financial types is that few if any of them understand REAL WEALTH. Real wealth is produced in factories & farms and with REAL services. These are services not artificially created by the Government. Gilder is one of? those types who think wealth is created by moving assets back and forth. Forbes is much the same.
These guys need to go and work in a factory. They don't understand REAL wealth.
about time THEY GET SOMEONE WHO CAN ACTUALLY SPEAK IN A DIRECT MANNER... instead of other guests who just run around in circles and hardly say ANYTHING worthwhile. THANK YOU for the interview!
I completely agree. This is the best interview they have had in awhile. Far too many of the people they have interviewed are partisan hacks who believe that the democrats can do no wrong and will dodge and questions implicating them of such.
When you gamble in a casino sometimes you lose. This is what the banks did; they gambled and lost, and as a result the government bailed them out with YOUR money.
lol. I study economics in University. It doesn't make me an expert, but I know a lot of the fundamentals that tend to be forgotten. In this case its history. Silver and Gold markets are starting to become bubble markets. I would probably get out while you still can. The only reason why its worth something because people say it is. That's it. Its the same as paper money. We give the value we feel its worth. the world thinks gold is. once it crashes then we have a crisis.
History? Fiat money systems always implode. Our money=debt. And gold/silver is real money. We give the value we think it's worth. Right. The paper of a dollar bill is worth as much as toiletpaper. We only need to realise. Gold/siver ALWAYS keep their value. Because gold/silver are scares. That's the difference. Once the dollar crashes we have a crisis and goldprices will go through the roof. Gold will NEVER be worthless. Ever had some lessons on money-creation? Drs. Erasmus
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money. Boston Federal Reserve Bank
A billion here, a billion there, sooner or later it adds up to real money. Everett Dirksen
LOL! Eerste-jaars? Economische psychologie? Goud ït's the same as" een fiat-dollar? MAN WAT LEER JE DAAR VOOR EEN ONZIN! Tijdens een beginnende bubbel uitstappen? En met dat geld dan in hypotheken beleggen of zo!? Goud is normaal gesproken geen goede belegging. Het geeft immers geen rente. Maar het is tenminste wel waardevast. Daarom wordt goud meer waard bij een sterke inflatieverwachting. En die is er op het moment omdat de Fed biljoenen uit het niets creeerd. Geschiedenis...zie Zimbabwe
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
I made 713% during the 2008 Market Cash, you make money going down too. There's a lot of dumb money out there that people don't deserve to have. Don't be made cause your stupid.
peruface 1 year ago
loooooool 4:31 he jumps as he speaks
lscmysteryman 2 years ago
This has been flagged as spam show
Electronic account system,
GDP projection and graphing,
BR-0 com/accounts htm
without .'s or link off my page
tietajajoshua 2 years ago
Is it just me, or is Sony Kapoor kicking some real corporate ass here? Insiders spilling the beans to the left always excites me.
egolayer13 2 years ago 2
No--he's explaining the thing in the same terms as that in which the entire C-SPAN thing is discussed for congress; so, the listener is unable to ever understand or come to any sort of useable knowledge of the truth of matters concerning money and currency. Interesting and comical, too, watching Paul Jay grow confused, so, he interrupts Sony, and then, Sony begins again, from a different page of the same rationale or book--pore ole Paul, . . . comical, . . .
phillipgaley 2 years ago
Finally!
real news for a change.
How refreshing!
Dutchoven08 2 years ago
TRNN should cover the documentaries "Money as Debt" and "Money as Debt II"
BcallingDB 2 years ago
An excellent and revealing interview. One can interpret this to mean that greater regulation is needed, but I suspect that what is needed is less. Even the best regulation virtually always creates an environment that favors large institutions. Throw in the lobbyists and you get custom crafted regulation that makes real competition impossible. I suspect that the only way to cut out unfair practices is to remove the illusion of government protection so that people start looking out for themselves.
hasatum 2 years ago
That's was the problem... Government protection was removed and people started looking out for themselves ONLY...
This allowed for a handful of people to make a windfall profit while the rest of the country suffered... This is everything that labor fought to prevent for 100 yrs...
JSparkleZ2 2 years ago
Regulation by elected and uncorrupted officials will always be better than total laissez-faire which essentially amount to full fledged chaos with no rules and THEN large institutons can REALLY do what they want and ONLY what they want. People created representative government in the first place to prevent things like this.
BcallingDB 2 years ago
Representative government was created to prevent coercion and fraud. So long as the rule of law is protected and contracts are honored, large institutions can only take advantage of people when people agree to be taken advantage of. As it is, people too often take it for granted that the government will take care of them and that they don't need to read the fine print so a healthy dose of skepticism is lacking. It's ironic I know, but less "protection" sometimes means more actual safety.
hasatum 2 years ago
Real news. How intoxicating. Excellent to see news that isn't opinionated by ignorant partisan commentators. Thanks TRNN.
terrymaco 2 years ago 3
A curried version of Max Keiser...lol..
zappyhod 2 years ago 2
lol! That was funny!
CascaMMA 2 years ago
Why do you have to bring up his background?
elperverto7 2 years ago 2
excellent and informative interview, looking forward to the next section!
magnoid 2 years ago 3
What's wrong with all these financial types is that few if any of them understand REAL WEALTH. Real wealth is produced in factories & farms and with REAL services. These are services not artificially created by the Government. Gilder is one of? those types who think wealth is created by moving assets back and forth. Forbes is much the same.
These guys need to go and work in a factory. They don't understand REAL wealth.
RomeoMD25 2 years ago
No wonder this guy was working at lehman, he wasnt even smart enough to stay at the party though.
loren1283 2 years ago
Is it just me or is Paul drunk?
rzs456 2 years ago 2
This is quality stuff from the Real News network.
PersianPaladin 2 years ago 3
Very good interview, Thank you guys!
Jargin9112 2 years ago 3
It's not magic it's paper money that's the problem if the money was an ASSET not someones liability, problem solved.
davincij15 2 years ago
A rock is not money because anyone can find a rock a Federal Reserve Note is only money because there is gun of the government.
If you where not forced to use a paper note as money you would not use it.
This IS reality.
davincij15 2 years ago
about time THEY GET SOMEONE WHO CAN ACTUALLY SPEAK IN A DIRECT MANNER... instead of other guests who just run around in circles and hardly say ANYTHING worthwhile. THANK YOU for the interview!
pedroquintero 2 years ago 6
I completely agree. This is the best interview they have had in awhile. Far too many of the people they have interviewed are partisan hacks who believe that the democrats can do no wrong and will dodge and questions implicating them of such.
ArcticSlicer 2 years ago
When you gamble in a casino sometimes you lose. This is what the banks did; they gambled and lost, and as a result the government bailed them out with YOUR money.
Are you getting mad yet?
Unkn0wnGuy 2 years ago 4
im past mad ... i already know that our government dosnt give a shit about us ...
steveo9001 2 years ago 2
top interview, very very informative.
martialarm 2 years ago 8
304 shows...
armindee 2 years ago
excellent interview
hugegiantfrogs 2 years ago 7
Man, do I love a good whistle blower. WOOT!
lightleague 2 years ago 10
excellent video TRNN!
keep up the high quality journalism!
mintork 2 years ago 14
If video was available in 1929 you would get the same interview.
The whole financial system is a scam, world government has been screwing with taxpayers heads since 1971.
What are the people of the planet faced with in the future ?
About 15 times worst than the inflation of the 70's.
How come the US has been allowed by other world governments to counterfeit money, its ridiculous.
boots920 2 years ago 4
don't know but my savings are in Yen... What should I do?
lordblazer 2 years ago
Go with your gut here, I try to think in logical terms.
The US dollar is world reserve the morons running the globe into the ground have been in collusion with the counterfeiting.
That be every single world leader and central bank.
I don't know what you should do , for ME anything with the word paper in it is worthless crap.
Notice Gold and Silver isn't paper ?
Don't want to give any bad advice especially when it comes to personal wealth.
boots920 2 years ago
lol. I study economics in University. It doesn't make me an expert, but I know a lot of the fundamentals that tend to be forgotten. In this case its history. Silver and Gold markets are starting to become bubble markets. I would probably get out while you still can. The only reason why its worth something because people say it is. That's it. Its the same as paper money. We give the value we feel its worth. the world thinks gold is. once it crashes then we have a crisis.
lordblazer 2 years ago
Well does paper money have a potential of going to 0 ?
Has gold and silver ever gone to 0 value in 6,000 years ?
The chinese government is promoting silver bullion sales to their population of 1 billion people.
What's the US government doing , promoting healthcare.
Do what you want , paper isn't worth a crap.
boots920 2 years ago
Strange advice to give. If there is a bubble starting in the gold- and sivermarket, it would be wise to get in now!
seegel 2 years ago
silvermarket
seegel 2 years ago
History? Fiat money systems always implode. Our money=debt. And gold/silver is real money. We give the value we think it's worth. Right. The paper of a dollar bill is worth as much as toiletpaper. We only need to realise. Gold/siver ALWAYS keep their value. Because gold/silver are scares. That's the difference. Once the dollar crashes we have a crisis and goldprices will go through the roof. Gold will NEVER be worthless. Ever had some lessons on money-creation? Drs. Erasmus
seegel 2 years ago
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money. Boston Federal Reserve Bank
A billion here, a billion there, sooner or later it adds up to real money. Everett Dirksen
seegel 2 years ago
Without the confidence factor, many believe a paper money system is liable to collapse eventually. Federal Reserve Bank of Philadelphia
That is what our money system is. If there were no debts in our money system, there wouldn't be any money.Marriner Stoddard Eccles
The legal tender quality [of money] is only valuable for the purposes of dishonesty.
Justice Salmon Chase
seegel 2 years ago
LOL! Eerste-jaars? Economische psychologie? Goud ït's the same as" een fiat-dollar? MAN WAT LEER JE DAAR VOOR EEN ONZIN! Tijdens een beginnende bubbel uitstappen? En met dat geld dan in hypotheken beleggen of zo!? Goud is normaal gesproken geen goede belegging. Het geeft immers geen rente. Maar het is tenminste wel waardevast. Daarom wordt goud meer waard bij een sterke inflatieverwachting. En die is er op het moment omdat de Fed biljoenen uit het niets creeerd. Geschiedenis...zie Zimbabwe
seegel 2 years ago
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
Alan Greenspan
seegel 2 years ago
This comment has received too many negative votes show
Is his sister named Toshiba?
OmarThePug 2 years ago
This comment has received too many negative votes show
No, bet he has a named Honda. :)
danbowski40 2 years ago