G. Edward Griffin: Individualism & Capitalism vs. Collectivism & Monopolies

[Bloodavenger3200]

EXCELLENT!

[ArthurPonzarelli]

"The combination is here to stay. Individualism has gone, never to return." -John D Rockefeller

[MultiUniv3rsal]

Collectivism and capitalism aren't mutually excluding. There has never been a non-capitalistic society on earth. The real dichotomy is collectivism and INDIVIDUALISM.

[baydood510]

@affilinet Companies cant screw you over because its fraud. That's exactly what Griffin was trying to explain. Same with drug abuse. Capitalism has shown to be the best in providing prosperity for the middle class, Poor people starve in every society. Guns can be obtained easily anywhere, wouldn't it be worse if a "weirdo" got his hands on an illegal weapon and innocent bi standards where defenseless? People would have to be awake and moral for this to truly work out though, like any society.

[OriginalIntentDoc]

If you like this, watch G. Edward Griffin in various other films at MoviePubs dot net

[EYEMHEMPSTER]

CAPITALISM is an economic system that allows ownership of private property and the ownership of the means of production for creating value.(from link above )technology now creates production not people , ownership is only important for you because other people will want what you own,, but what happen,s when they have everything you have as well , there is no need for ownership ,

[EYEMHEMPSTER]

thank,s for the explanation , but capitalism is still as you say based on individualism and personal property , the person owning things , and in a supply demand world , hell it makes sense and works to some degree , but sir this is the 2100 century , technology can create what ever we want and for everybody , machines doing all the work freeing individuals to pursue there life purpose,s what ever that is ,

[barrywilliamsmb]

Is this Accountant Heaven?

[flynn2008]

Locke vs Hobbes in 21st century.

[Problembeing]

I'm tired of the Aristotelian world view of this basic 'reductionism' of either/or dialectic. Can we not simply have a bit of individualism within collectivism and vice versa? Or, perhaps try a bit more 'co-operationism'? We'd perhaps advance our civilisation a damn sight quicker if we stopped looking at the ground or at our back, or left/right to cross the mundane road, when we should be looking to the sky for our inspiration. The shades of grey have barely even been looked at.

[allboutk]

neat video and good explanation of the terms

[sourcingstrategies]

The best explanation ever!

[intlkeyboards]

Great video; hope the OWS crowd watches this material.

[madmercenary]

You succinctly explain our current paradigm. You did an excellent job of explicating your ideas into a laymen terms as pretty much as possible, Kudos.

[mrearlygold]

Ron Paul 2012 or more of the same and we can't afford more of the same.

[pleasewaittovoteagai]

Outstanding! G. Edward Griffin is precisely right, just like Ayn Rand was precisely right about this subject.

[22lugan]

Why won't Ft. Knox allow ANYONE to verify that we STILL have our gold reserve there? Guess what, ladies and germs ? The 'other shoe' may be about to drop. If it is NOT in Ft. Knox then where the fk did it go and WHO authorized it ?

[22lugan]

To really understand how America was suckered by historys "heroes" like "honest" Abe and Winnie Churchill ( for example ) you have to read G. Edward Griffins book, "the Creature from Jekyll Island." It is about 660 pages but it is a complete education on how America has been used and fooled, really, since the days of "honest" Abe. Learn how we got suckered into WWl and WWll, AND Korea. The main theme is how the "bankster" Federal Reserve is a 12 bank CARTEL which screws Americans AND America.

[22lugan]

To really understand how America was suckered by historys "heroes" like "honest" Abe and Winnie Churchill ( for example ) you have to read G. Edward Griffins book, "the Creature from Jekyll Island." It is about 660 pages but it is a complete education on how America has been used and fooled, really, since the days of "honest" Abe. Learn how we got suckered into WWl and WWll, AND Korea. The main theme is how the "bankster" Federal Reserve is a 12 bank CARTEL

[annihilationHaven]

I like G Edward, he has brought some interesting concepts to the public's attention, especially the tax exempt foundations, and the role of the fed. He has overlooked a small but very crucial detail. But then what is the ultimate capitalist wet dream if it isn't to monopolize the market and outstrip all competition. It may not happen if there is government intervention, but isn't that also the evil arm that G Edward is against? The point is, the two systems go hand in hand.

[MorphCity]

@annihilationHaven Hi Haven: Please check out Mr. Griffin's Myth & Meaning of Monopoly Capitalism to get the full picture on how monopolies can only exist through government intervention. The only government intervention that should ever be allowed is to PROTECT people's lives, liberty and property. No more and no less! This is the proper role of government. Find out more about the 'proper role of government' at his website Freedom Force International.

[summercures2]

@annihilationHaven: You said "But then what is the ultimate capitalist wet dream if it isn't to monopolize the market and outstrip all competition. It may not happen if there is government intervention, but isn't that also the evil arm that G Edward is against? The point is, the two systems go hand in hand."

Haha ..You have come to a rare realization. I too have contemplated this question for quite a while now. You're on the way to figuring out the riddle of "good" versus "evil."

[sourcingstrategies]

@annihilationHaven competitive advantage requires a differentiation strategy. When a market is segmented using differentiation, competition rules

[gbtisdall]

@eyeseethroughyou: Your comment was the most inane I've read all week.

Cheers!

[eyeseethroughyou]

@gbtisdall--- *yawn* yeah....the feelings mutual.

[gbtisdall]

@ersatonoma :If you are going to quote scripture get it right. The text is :

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. If you think it is virtuous to shiver in the dark with no medium of exchange (money) suit yourself. However, your opinion is completely useless in the context of society both today and in generations past. There was many God blessed wealthy people in scripture.

[WonderingAimlessly]

I don't think the founding fathers had in mind a free nation implying that greed was an acceptable means of society. Any intelligent person not choosing to ignore what's happening can see greed is the source. Nice to have things, even nicer to appreciate things.

[chaihigh]

The problem with capitalism is that eventually it will erode into what you call greed capitalism. Because of the never ending perception of higher profits at any cost( through debt service interest, inflation and other factors) their will be a drive for the system to erode to what we have now. Without realizing this will create a replay down the road. I've met and respect Ed Griffin but this represents the old guard thinking- we need to share the worlds resources for all by eliminating money.

[SergeantAlvarez]

I agree with the guy. If anybody thinks that we live in a free market Capitalist society then they need to have their heads examined. We live in a Fascist kleptocracy that is destroying the middle class and wiping out the economic futures for about 80 to 90 percent of the people in this country.

[iannetta11]

If you control something, you own it. BRILLIANT!!!

[RattleheadDIF]

So true. The collectivists have been ruling the world since the mid 18th century. But hope is not lost because, think about it, "they" have had all that time to eradicate individualism, but failed. Why? Because you can't eradicate it. It's in every human's DNA to want to be an individual. Humans, by evolution, are not a pack species. We will always fight. First tribes against tribes and then inside the winning tribe etc. Humans are more like bears and tigers than wolfs and lions. NWO will fail.

[eyeseethroughyou]

@RattleheadDIF LMAO this is the funniest shit I heard all week, Cheers!

[finefilth]

HOW MUCH WILL WALL STREET LOAN YOU TO MAKE CARS THAT RUN ON WaTER??? THEY WILL PUT ANY BANK THAT LOANS YOU A DIME OUT OF BUSINESS AND SEND THEIR GOVERNMENT TO ATTACK YOU , IMPRISON YOU AND IF NEED BE, TO KILL YOU......

PARASITISM

[eyeseethroughyou]

I'd really like to hear Griffin explain how the capitalist system is sustainable? how a system that depends on extracting and plundering resources, many of which that are finite, would continue even as the human population doubles within the next decade? water, air, minerals etc are not infinite and with countries like China that will one day have a consumer base of close to a billion alone---how can this be sustainable?

[finefilth]

@eyeseethroughyou capitalism does not exist.....We have fascist parasitism.... capitalism was snuffed a long time ago...look around its an oligarchy and no one will loan you money to compete with the parasite kings.. Capitalism only exists in some brainwashed minds....competition and the old solutions to the worlds problems is being made illegal

[MorphCity]

@eyeseethroughyou "Sustainable" Development is UN Agenda 21, so it's interesting that you used this word....Also, the population doubling is a LIE (google: 9 billion in 2300). You misunderstood the definition of capitalism which allows ownership of private property and the means of creating wealth in a free market. Monopolies are the problem- not capitalism. Are you aware that communist countries have worse pollution? Check out my website MorphCity for more info about resources. Cassandra

[softrs]

voting republican is antithesis of everything Mr Griffin is saying.

[Vigilance4Life]

Griffin makes a good point that it is wise to own things but not have them in your name in case you get sued (privately or by the govternment).

Consider putting your important assets in a trust.

The supreme law of the Constitution is all about individualism.

Support Ron Paul, defender of the Constitution, for President.

(Register Republican now in order to vote in the primary.)

[EternalRecursion]

@Vigilance4Life "The supreme law of the Constitution is all about individualism." Not even close. 1) The Constitution proper is about the structure of the representative government: "We the People of The United States, in order to create a more perfect Union ..." 2) The Bill of Rights was amended to the Constitution to enumerate and make legally binding the restrictions of government regarding the citizenry.

[EternalRecursion]

@Vigilance4Life Individualism is supported within the social covenant, but is not paramount; that would be the union. " ... establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

The USA is about finding the balance between individual agenda and societal needs.

[JohnGaltNikolaTesla1]

Its free enterprise vs. capitalism, communism, socialism, fascism, etc.! 

[johntheadams]

No, Edward, the private banking system isn't related to capitalism, just as you aren't.

[johntheadams]

G. Edward Griffin is living proof that any schmuck can make a video and [post it on YouTube.

[westernciviliznation]

My Occupy: USDC & SEC

[APB187]

It is the media presstitutes who are touting "down with capitalism", or subversives knowing this idea just reinforces the current state of affairs, because this is exactly what the government is doing by going along with the banks. The correct term would be "down with corrupt capitalism" or "down with collectivism".

[johntheadams]

@APB187 Capitalism need not be corrupt to be intolerable by most people. It merely needs to be itself.

Down with the profit system.

! Let's see you co-opt that!

[djkhaless]

To think that the individual and the collective are separate show a naivete of nature it's self. Systems within systems, just like observable fractals, are intrinsically connected, influencing how each functions and manifests itself in that functionality. It's like the whole nature vs. nurture argument, which is completely asinine. We ARE our dna, we ARE products of our environment, both connected, influencing...never separate

[So1othurn]

Collectivism maintains societal cohesion to prevent it from falling apart, but can cause it to be less diverse and flexible leading it to become stagnant and susceptible to one thing that could lead to its collapse. However, individualism allows for diversity and flexibility that can overcome stagnation and make it less susceptible to one thing that could lead to its collapse, but could cause less cohesion leading to a collapse. It takes a balance of the two.

[celljackingjr]

I liked this video until 8:00 where he talks about individualism and collectivism.

I disagree to say one is better than the other. In fact, a capitalist monopoly can be a good thing at affordable and democratically controlled price, example is the civil water system: you don't have 2 choices of pipes in the street!

What really matters is transparency versus confidentiality in managing a property, wheter it is individual or collective.

[TheLastAnarchist69]

@EternalRecursion I understand your point. There are externalities that must be addressed in a functioning society. But when you say that the investment banks bundled good investments with bad ones-using derivatives-I was under the impression that the reason they were allowed to speculate at all on the market was because they were guaranteed with fiat currency, not "sound money" IE gold. Derivatives, I THOUGHT, were the direct extention of paper money intodigital money, legally backed by the Fed

[EternalRecursion]

@TheLastAnarchist69 Derivatives were/are investment packages DERIVED from other investment instruments, like mortgages. The derivatives were dividend paying investments, paying dividends from the interest on the mortgage principle. The mortgage itself was maintained as a separate investment, bearing worth, paying a small dividend, growing in value as the market bubble inflated, with hard collateral behind it in a rising market. The problem there, of course, was that the derivatives market ...

[EternalRecursion]

@TheLastAnarchist69 ... was driving the demand for mortgages and because the investment banks were also acting as commercial banks, they were issuing bad mortgages in order to keep the derivatives growing, and on the insane belief that there was no ceiling on this madness or that such a scheme would inevitably deflate.

When the inevitable came, the Federal Treasury was so depleted from 8 years of Republican budget practices, that the economy could not absorb the shock, as it had ...

[EternalRecursion]

@TheLastAnarchist69 ... upon several occasions in the previous 50 years.

The Federal Reserve buys bonds. By law, these bonds are bought from commercial banks. These bonds are capital bearing instruments which are world-around-recognized commitments of purchasing power within the global economy. In other words, The Fed is extending credit to the banks so that the banks can issue and manage the flow of currency. The Fed may decide at any time to sell the bonds to investors ...

[EternalRecursion]

@TheLastAnarchist69 ... thereby transferring the interest dividend to a private investor or an institutional investor. Or, The Fed may decide to permanently retire the bonds, thereby making a permanent transfer to the economy of the capital worth of the bonds.

This is the manner in which The Fed tries to manage the balance between the need of the economy to grow, from 50 million people in 1910 to more than 300 million in 2011, and an acceptable rate of the expansion and resulting inflation ...

[EternalRecursion]

@TheLastAnarchist69 ... of the dollar. It's not nefarious, it is just part of a hugely complex economic machine that is, unfortunately (the machine, that is) subject to manipulation in unethical ways at many levels.

[TheLastAnarchist69]

@eternalrecursion Life is complicated! But this video illustrates the problem just fine. Ive spent a lot of time at the Occupation in Los Angeles, and I can report to you that a great deal of people are ignorant about monopoly capitalism, as well as the Fed giving trillions to their friends. You might be surprised to find out how many people are unaware of these things. And its important to get it right. Youre little rant-as well said as it was-offers even less information than this video. Sorry

[EternalRecursion]

@TheLastAnarchist69 "the Fed giving trillions to their friends" Although I am under no illusion that the various members of The Fed are a bunch of philanthropists, I do know enough about the workings of the Central Bank system to know that the general purpose of the institution is to provide stability of the currency and the economy. If you want to see the real cause of the current fiscal almost-crisis, you need to look to the politicians, investment banks and investors who removed ...

[EternalRecursion]

@TheLastAnarchist69 ... $7 trillion from the economy over a period of 6 years, from 2001 to 2007, then used derivatives to bundle investment packages of very high risk mortgages with more stable mortgages and sold the packages, having gotten high risk-reward ratings from companies contracted by the derivatives creators. The Fed had nothing to do with any of those things.

[EternalRecursion]

@TheLastAnarchist69 "this video illustrates the problem just fine." Putting everything into the context of either/or does not illustrate the complexities of living in a SOCIETY. By definition, societies have BOTH guarantees of rights and requirements of cooperation. The struggle within the USA goes back to the beginning, when the "Founding Fathers" had to find a compromise between the feudalists and the democratists. Collectivism has become a facile label for anything that limits despotism.

[Renathra]

This is Absolutely Fantastic. Please watch this, it's very educational.

[yaahme]

Individualism versus collectivism look them up, Griffin is da Man!

[jaysonbuckley]

Great video and lesson!

[EternalRecursion]

@jaysonbuckley ... to these arbitrary designations of "Socialist" or "Communist" or "Capitalist" is feeding the enraged for his own purpose of self aggrandizement. It may be convenient to place political ideologies in the construct of simplistic conceptualizations, but it serves no useful purpose. The guy is just pandering to the frustrations and rage of those who want a simple answer to the profoundly interrelated dynamics of living, and finding meaning and purpose in the process.

[mattchappelart1]

@EternalRecursion The answers actually ARE simple. That's what's so frustrating, I think. People can't understand how they've been tyrannized for the last several thousand years, when all the solutions are as simple as eliminating greed. The answer is simple.... Putting it into practice is the difficult part. How do we convince our government officials not to be bought by corporations when the dumbed-down public keeps voting these people into office?

[EternalRecursion]

@mattchappelart1 "The answers actually ARE simple." Yes and no. Sure, if everyone operated from a psychology of pure integrity and sophisticated experience, human society would operate far more smoothly, but the reality is we are a neurotic species driven by the forces of adversity (which range from bad breath and toe fungus to plagues, earthquakes and hurricanes), so that our wounded and frightened psyches push us to greed, avarice and criminality. That's why it's all so complex.

[EternalRecursion]

What a complete bullshit argument. This is so simplistic as to be absurd, let alone disingenuous. The arguments of capitalism vs collectivism are nonsense, as is the "argument" of individualism vs collectivism. Anyone who actually thinks there is any meaningful information in this video is either stupid or has read little and thought less.

[jaysonbuckley]

@EternalRecursion Wow...you really can't be that stupid can you?

[EternalRecursion]

@jaysonbuckley I defy you to illustrate one meaningful comment in this video beyond the casting about of labels in the use of ad hominem declarations. As if there is an either/or dynamic in living: either you're an individualist or a collectivist. Bullshit! Every person living in a society, that is, anyone NOT a hermit, seeks the balance between community and autonomy. That life is actually complicated is just TOO BAD. Idiots like this who want to propose that the complexity is somehow due ...

[mattchappelart1]

@EternalRecursion: "I defy you to illustrate one meaningful comment in this video beyond the casting about of labels in the use of ad hominem declarations." Okay... The meaningful part is when he explains that monopolies are created by the very governments who are supposedly "regulating" industry. I understand you are intelligent beyond imagination... But you have to realize there are many people out there who don't even realize that government is in bed with corporate interests.

[EternalRecursion]

@mattchappelart1 "But you have to realize there are many people out there who don't even realize that government is in bed with corporate interests." I'm not sure how to respond to that. Really? You think there are many who don't even realize it? I just assume there are many who don't think about it at all and others who think it's just fine. I also think that there are folks on both sides of the "regulating" struggle, including those who believe there should be none.

[CanvassBlack]

@EternalRecursion Yeah I kept waiting for him to drop some knowledge but it never came. I have neighbors who attend community college who are more articulate than this guy. Immortal Technique tears this guy a new butthole. I may not agree with everything Alex Jones says but I must admit the man is intelligent and he has some interesting opinions. Zionget and JoryanandBrothers are two other favorite youtube channels of mine.

[mrEzequiel2517]

they should play this video on every school before the pledge, during lunch and to the kids in detention. Also it should be played in front of protesters to further their understanding of the real problem.

[charlycash]

Wow what a lesson!!

[ABSmdegaray]

@aenubis666 Profit constantly stifles abundance?? In an effort to make more profits, capitalists strive to decrease the cost of productivity of their goods in order to offer it to the masses. Capitalism is the reason for abundance. Also, voluntary exchange in the free market is mutually advantageous. It is a "positive-sum game," not a "zero-sum game" where somebody wins and somebody loses. Imagine how much money you could make if you found the cure for cancer? Profit+Helping others is Capitalism

[aenubis666]

He makes good points, but it doesn't address the profit monster. Yeah, banking may exist in socialist economy, but if done properly, it's not for profit, and benefits the people. For profit banking is what's killed our capitalism. Profit constantly stifles abundance. Profit kills free energy. Profit kills cures for diseases. Profit kills health strides in the food we eat. The real question is, how do we fight profit in and individualist system, and make these strides for humanity?

[OldSkaterGuy]

He must be a damned good carpenter because he nailed it!

[mjULTRA]

@StuTube418 One of the Oil industries favorite tactic is to buy the patent on any newly developed alternative energy vehicle, while preteniding to have interest in mass production. Once the original inventor cashes in, that's when it gets buried or scrapped. the documentary WHO KILLED THE ELECTRIC CAR is a great insight into why car companies see alternative energy vehicles as a threat to their forced dependence on crudely powered internal combustion engines.

[linkin622]

Competition is a sin

[skyfrostthunderock]

those were to truest words if ever i heard any. thank you, sir.

[faro0485]

Individualists... vs collectivists... what about the family?

I don't think individualism is the answer.

[seannosis]

@faro0485 so you don't think each person in a family should have their individual freedom to life and pursuit of happiness?

[faro0485]

@seannosis Individualism on the nth degree gets rid of authority altogether. It's basically the divide part of divide and rule. Individualism is just another buzz word - /watch?v=JriEguBharM

/watch?v=Ic44JPq0d4g

[faro0485]

Those bankers... hmm they're one step away from monopolists.

[nmssis]

ignore the mindless fools...they can't be woken up b/c they choose not to.wake up.

[djkhaless]

Well said...very smart man.

However,To think that the individual and the collective are separate show a naivete of nature it's self. Systems within systems, just like observable fractals, are intrinsically connected, influencing how each functions and manifests itself in that functionality. It's like the whole nature vs. nurture argument, which is completely asinine. We ARE our dna, we ARE products of our environment, both connected, influencing...never separate

[Fatheadthelarge]

Michael Moore can suck it

[Baldwynmayhem]

@Fatheadthelarge yeah certainly everyone controlled by a "minority" will not a be a nice fate for humanity, we only have to look at history don't we. Realistically Communism, Capitalism are both flawed, we only have to look at our current situation. It's humanity, and until the majority realise we need to traverse to a "higher" spirituality, and treat each other right in a moral/ethical way, we wont progress, it'll just be bickering about left-right idealogies on both political axes.

[Fatheadthelarge]

@Baldwynmayhem I could not of put it better myself. If we as a PEOPLE cannot wake up and stop relying on politicial systems or just systems in general, nothing will ever change. No one needs to traverse per say to a "higher" spirituality but treating people in a moral and ethical way is eccential to growth as a human being as far as Im concerned. I mean do people not have any empathy any more? Im not a beliver in a particular god but a beliver in morals and treating people the way I expect to be

[Baldwynmayhem]

@Fatheadthelarge same, i'm agnostic personally, we don't have the answers basically, just ever increasing scientific knowledge and dieties to explain away our existence (which mostly consists of heresay when looked at it deeply/historically), Don't get me wrong Capitalism has done some good and lifted "theoretically" people out of the pits of lower poverty, but by and large it's a failure yet again, sadly, that has created vested interest groups wanting to shag over the rest regardless.

[UDRF]

Look up Nordic_model on wikipedia.

[UDRF]

It's amazing that a person can have such black and white views. For the shades of gray that this guy doesn't want you to know about take a look at Norway and Sweden.

[anatureperson]

How do you plunder people legally? Isn't that an oxymoron?

[thekoollemon]

@anatureperson if you decide that the government is above the law then it isn't

[anatureperson]

@thekoollemon There is no such thing as legal pillage and plunder, not even if you decide that the government is above the law. That was my point.

[NorEEzta]

All of those ism's are condensed into Globalism. A new world socio-economic governance. See: a college textbook (Progressive playbook).

[en4cer450]

And yet you will more than likely never hear this man speak on such issues on any of the top tier networks because he speaks the hidden truth.

[RedTulie1]

G. Edward Griffin: one of our few national treasures!

[rblevdawg]

I love this guy! He is one of the first people to educate me on how the world works. He has written a great historical account called "The Chasm" on his website, freedom-force .o r g. In understanding history, you can more clearly understand current circumstances.

[Anothercoilgun]

The elite learn long ago to rule a system one must not be inside or better termed tied to the system. They operate outside the system.

[yakyakyak69]

Progressivism (anti-liberty "liberalism") advocates changes or reform through GOV'T action.

Give any POLITICIAN the money & power to "redistribute & regulate" & they will ALWAYS benefit THEIR “special interest” campaign backers; Banks, Wall Street, Military-Industrial Complex, Marxist Union Bosses, Giant "Green" Corps, Big Oil etc.

Progressivism aka “Big Gov’t” CREATES Political Cronyism.

FIAT (counterfeit) debt-currency from the Fed just FUELS THE FIRE!

Want Liberty? END THE FED!

[LandlessPeasantFuck]

@yakyakyak69 progressivism means advocates changes or reform through government...progressivism is not defined as "anti-liberty".

and all the world (which has went through the greatest expansion of wealth, science and technology) uses a fiat system...our technology and amazing human mind creates wealth..not the form of money we use...money is merely a medium through which assets are exchanged and I dont give a crap if im using fiat or backed currency.

[LandlessPeasantFuck]

@yakyakyak69 all you people with "sound money" and gold fetishes make me laugh.

ROFL..having a gold backed currency wont change shit..lol

[aenubis666]

@LandlessPeasantFuck abolishing interest and the patent office will.

[LandlessPeasantFuck]

@aenubis666 interest is merely compensation or risk on a loan..there is nothing wrong with debt or interest.

[aenubis666]

@LandlessPeasantFuck That's the sales pitch. It used to be illegal and considered immoral. Called it usury until bankers got control of money. Now money doesn't get issued and circulated without interest appended, insuring defaults and foreclosures, leading to bank ownership of most valued assets. At least under the rule of the IMF anyways.

[LandlessPeasantFuck]

@aenubis666 ok here is a question for you..how will loans be made if there is 0 interest rates to balance the risk of the loan?..and would you part with you give a friend, stranger or family member a loan with 0% interest?

if you wanna complain about something real why dont you complain about derivatives and credit default swaps which are used to paper over the debt and essentially sweep it under the rug??!!

[aenubis666]

@LandlessPeasantFuck I don't hold deposits, but yes, I've never collected interest on a loan I've made. I've also never loaned money I couldn't afford to lose. The wallstreet casino needs to go too, that goes without saying. Risk is minimized when you don't have non-contributing leeches sucking all the wealth out of the system with their banking ponzi scheme. Before I was paying interest on loans, I could afford to loan money. Not anymore. Interest is what increases risk.

[aenubis666]

@LandlessPeasantFuck Do you even know how our current system creates money?

[LandlessPeasantFuck]

@aenubis666 yes

[aenubis666]

@LandlessPeasantFuck So, bearing your previous knocks on gold backed currency in mind, you actually think fiat currency, printed, or conjured into existence at the fractional reserve discretion of the private banking institution that stands to profit off of loaning it into circulation is a working system?

[LandlessPeasantFuck]

@aenubis666 yes..it is a working system.

[aenubis666]

@LandlessPeasantFuck Double digit unemployment, growing poverty (world wide), the ability to engineer market crashes from the top, and the only thing standing between the US and runaway hyper inflation is that no one can afford to borrow any of the billions of dollars infused into the system by qe2. Yeah, I'd have to agree with you... if I was a bankster.

[LandlessPeasantFuck]

@aenubis666 those things are not caused by lack of gold standard.

[aenubis666]

@LandlessPeasantFuck They don't have to be. I'm not saying I think a gold standard will fix everything. That doesn't make our current system any less broken.

[LandlessPeasantFuck]

@aenubis666 do you worship Halios?

[aenubis666]

@LandlessPeasantFuck Don't they make watches?

[LandlessPeasantFuck]

@yakyakyak69 the dollar is not meant to be used as a long term storage of wealth..it is merely meant to be tendered, spent or invested.

if you want to complain about something why dont you complain about something real like the rising cost of living compared to the minimum wage(something real which affects real people!!)..or perhaps the fact that government are sitting on cold fusion technology which could reduce our energy bills and cost of living!!???

[LandlessPeasantFuck]

"Want Liberty? END THE FED!"

and replace it with what kind of a system??

lol..the end the Fed crowd dont have a clue....why dont you get some real demands rather than just bringing a list of complaints?!!...what are your demands???...why dont you demand something that can help like the issue of 0% credit for a government project to develop new technologies(such a s cold fusion)?..it will employ people and bring new products to the market for people to trade.

[StuTube418]

@LandlessPeasantFuck

Excellent comment! Now do some research and see how many times in the past fifty years alternative energies have been successfully demonstrated and not received a dime of Federal monies. The fact is, there have been many alternative energies to fossile fuels. Each and every one, when demonstrated, has been derided by monied interests with lobbiests in the Federal system. The research is burried, and the standing international energy corporations go on going on.

[aenubis666]

@LandlessPeasantFuck lol end the fedc cartel, allow countries to issue their own currency, base if off of labor, or precious metals. Abolish banking and interest. Most of them don't have "demands" because they don't know the problem due to the immense amount of secrecy it operates under.

End the Cabal.

[kusari86]

What's the title of the song being played in the beginning?

[tamarak1000]

I think in capitalism every body should be able to give a proper share of sacrifice:

like the crocodile in David rockfeller's shoes for instance.

[DanH454]

@safffff1000 - Actually, if a $100 cure would work (and it might)... Bif=g Pharma would SQUASH it. Big Pharma and Insurance cmpanies are in Bed with eachother. Insurance companies want high costs so people are forced to buy Insurance policies (so they think that they'll be covered). BTW - I heard somewhere that the American Cancer Society has a understanding/assumption that there will never be a cure for cancer.

[DanH454]

EVERY SINGLE OWS PROTESTOR SHOULD WATCH THIS!!

Many of these YOUNG people mean well, but are somewhat confused on these terms. If they watched this... they would holding signs that say:

"WE WANT REAL CAPITALISM WITH FREE MARKETS AND TRANSPARENCY!"

[safffff1000]

A great example of monopoly capitalism id the medical field. If anybody could practice medicine, we would have private groups like consumer reports to tell us which ones work. And it grandma Moses could have an herbal cure for cancer and people got well and no one complained then instead of a $100,000 death sentence of suffering and pain we would have been cured for $100. Health insurance would back the successes and would cost 1/10 as much.

[mjULTRA]

In my libertarian utopian dreamworld, RP wins the Republican nomination, and picks G Edward Griffin as his Vice President. This historian would literally mop the floor with Joe Biden in a VP Debate. It's high time we fight against the slick marketeers with unrelenting intellect, and hope that boobus americanus is pissed enough to want to learn more about the nature of Rape by Government.

[LandlessPeasantFuck]

@mjULTRA yeah then you would crap all government spending and the people would uprise against government..Ron Paul is a stupid out of touch old man...and no, individualism means jack shit!!!...humans as social creatures and the government is an expression of our tribal nature in terms of a collective society which takes cares of one another in terms of things like defence spending, pensions, healthcare, benefits..etc.

[LandlessPeasantFuck]

@mjULTRA and G Edward Griffin is talking bullsshit!!!...hes talking as if capitalism does not exist in America....not true...capitalism does and always will exist in America...private shareholders own the means of production..men in dark suits own busineses...for example McDonalds and Burger King are not owned by its workers(socialism) that make the fries and work the cash machines..rofl.

capitalism does and always will exist in America

[LandlessPeasantFuck]

@mjULTRA "the idea is that individuals should have the right to own or determine access to a piece of property"

they do!!

what is he complaining about?????

[bigbenff1]

@LandlessPeasantFuck Oh really! Stop paying property taxes and see how long you get to keep your property.

[LandlessPeasantFuck]

@mjULTRA and the bankers are not socialists...the bankers are not owned by the workers...the banks motive is to make money..thats capitalism(and there is nothing wrong with that but government needs to set rules such as Glass Steagall)...government needs to set the rules but every time they do maniacs like G Edward Griffin and Ron paul call it socialism and say that government hates capitalism and all this bullcrap!!

[oucanemailme]

@LandlessPeasantFuck Glass Steagall had nothing to do with the financial crisis. What exists is a merger of corporations(creatures of the state) with government both controlled by psychopaths.(C Political Ponerology) Psychopaths hate neither capitalism or socialism. The last thing you want to do is give psychopaths centralized control and power. Regulations didn't stop jack, they're made by psychpaths to delude you into believing in gov't BS. Stop supporting gov't psychpaths. Market refs better

[LandlessPeasantFuck]

@oucanemailme PROVE IT!!!!

[oucanemailme]

@LandlessPeasantFuck What would you like me to prove? Glass Steagall, see Tom Woods 'Repeal of Glass Steagall Irrelevant.

[LandlessPeasantFuck]

@oucanemailme yup..prove it!!

[oucanemailme]

@LandlessPeasantFuck Nice argument. Fail.

Google and read "Entrepreneurship With Fiat Property and Fiat Money."

[LandlessPeasantFuck]

@oucanemailme I was not making an argumet..I was asking you to prove the problem with fiat money(in particular the dollar as the reserve currency)

[oucanemailme]

@LandlessPeasantFuck And I posted answer so go read, not enough room here...

[LandlessPeasantFuck]

@mjULTRA so in conclusion..regulation does not=socialism..governemnt intervention does not = socialism or collectivism(more like fascism)...capitalism means private ownership of capital(which is what we have, and always will)...and capitalism needs a referee(regulations) to make sure that everyone competes fairly in the marketplace.

[maidenak]

Absolutely brilliant.

[Kahoki407]

@maidenak

I agree. Absolutely brilliant.

[cbattles]

Great points. One more thing -- the Banksters and the corporates bribing the Congress for favors (to squelch their competition) are the same people.

[moistrebetz]

Right on G. E.

[LillyofParis]

LOVE EDWARD ONE MORE GREAT MAN WE NEED TO KEEP EXPLAINNG THE BEST WAY WE CAN BE FREE AND NOT DEBT SLAVES! FOR EVER...

TO THESE FASCIST BASTARD BANKSTERS NOW CURRENTLY BANKRUPTING OUR ENTIRES WORLDS ECOMONIES WITH DERIVITIVES!! AND CREDIT DEFAULT SWAPS..!!

TODAY THE FED JUST SIGNED US ON TO $75 TRILLION.. THATS $75 TRILLION OF DERITIVE DEBT VIA THE FDIC, IN OTHER WRDS THE AMERICAN TAXPAYERS ARE NOW PAYING FOR THIS!

SO WHEN THE EURO COLLASPES SOON WE COLLASPE TOGETHER!! TOTAL DESTRUCTION!

[andHOWweBURNED]

Griffin has such a firm grasp of history's monetary and politico-economic systems and an eloquent approach at explaining them. He brings great clarity to the two major factions: Individualism and Collectivism. Bravo, G. Edward. Let's get rid of Collectivism!