Giant holes in new banking rules

[bloodystump3]

Time to put the FED to BED

[Snowflake70]

What do "trillions" of dollars MEAN when the dollar looses it value? If it isn't worth anything ( e.g.Zero, nothing, nada) what is a "trillion dollars worth" hint: 12,000000000 X 0 =...? (It equals FEAR)

[PsyogiBottoms]

So the bottom line????

America got fucked over by its own government and banking industry.... ok... now what?

They obviously aren't going to do a damn thing about anything - war crimes, illegal and unethical policies, et al.

Why even bother discussing this anymore Brother? Useless.

++Ungood.

[sircesare]

look at what happened to mexico in the 90's with the salinas and to argentina in the 2000's same thing is happening here we the people need to take action at the same time limiting our outrage to push for a reform to the way our government is being run.

[phfrankh]

I recall back in the late 80's early 90's in which the B.C. Government ,in conjunction with B.C. Hydro had alledgedly set-up shell Corporations in the Cayman Islands and funnelled profits from the B.C.Corporation into these shell Companies. So, my sense is that some Governments may be also guilty of tax avoidance/evasion in order to show a deficit, in turn making the public responsible to pay more than their share. Does this still happen, whereas Gov. have

set-up dummy Corp. in Tax Havens?

[savit]

Did anyone really understand this guy? Honestly? This guy interupts himself! Its painful to listen to this ranting. Desparate to talk in his linggo, most probably cause he is insecure. Regardless, I like his message about the loopholes, or at least the part I understood :) Jane D'Arista interview is so much better...

[Kapritchosa]

Yeah, this is better watch?v=YvjJ6VzJH8s

[Arkinight]

Yeah, understood him pretty well.

[savit]

Great, mind explaining what he wants to say?

[Arkinight]

Read the video description - go from there.

[savit]

Yes, going from there was really helpful. If that is all you understood from interview... scary. Is there anyone else who actually understood what the loopholes are? I'm asking for answers not 'I know it all' boastings. Thanks :)

[czubspenx]

I swear to God, WHEN ARE THE AMERICAN PEOPLE GOING TO WAKE UP AND FIND OUT THEIR ELECTED REPRESENTATIVES, REPULICAN AND DEMOCRAT ALIKE, ARE SCREWING THEM TO DEATH.

[PsyogiBottoms]

I think they've woken up to it - problem is...when you are being RAPED by BOTH our Government AND our Banking System - what can they do?lol

Its a gang rape of the American people - they are just FUCKED! Not too much they can do about it but close their eyes, go somewhere else mentally and wait for it to end so we can all get on with our lives.

All American's learned was to tighten their belts - literally.

[Neweddy24]

For some reason I just can't bring myself to troll on these videos.  And I love trolling, man.

People who think that this banking bill is good are...I don't know...gay..no..never mind that's dumb. My heart's just not in it.

R.N gets respect.

[Fukkutah]

Bankers would be stupid if they wrote laws that would prevent another banking crisis. Why the hell would they if they benefitted from the bubble, from the burst of the bubble and from the post burs .. They real idiots are the people who elect officials to office who are indifferent about the interests of their electorates and who have sold their soul to the Wall Street devils. Three in one.. They screw you with your mortgage, then leave you homeless as they count the bailout. Lucifer?

[distressed7]

Who writes these laws. Attorney shitbags called the congress and the unseen that owns them.

[PersianPaladin]

Thomas Ferguson is a very knowledgable guy.

Please read his excellent book "Golden Rule: The Investment Theory of Party Competition and the Logic of Money-Driven Political Systems".

[bbburton]

Just end the Fed.

[greyflcn]

@bbburton

And replace it with what?

More private speculation, and unregulated loans?

Why remove something Big, Private, and Secretive

Only to replace it with something else that's Big, Private, and Secretive?

[bbburton]

Read the Constitution. If you don't agree with that, I've nothing to gain by arguing with you about banking and the role of coin as the basis of currency.

[greyflcn]

@bbburton

Well I've read the sections you're probably thinking about.

However you're probably misinterpreting Article 1, Section 10

Which basically says that "States can't make currency, or anything like currency, except for Gold and Silver coins"

This however is not a restriction on the federal congress, which is specifically given the powers to create currency, regulate it's value AND the regulate inter-state commerce in Article 1, Section 8

[bbburton]

Your basic statement falls short of the actual language and intent of Art 1 Sec 8 and 10. The role of Cong is to coin, not print, money and regulate it's value. State's are not allowed to coin money at all. And only gold and silver coin could be used by the states as payment of debt. The commerce clause was intended to prevent states from engaging in unfair trade, not allow Cong to take it over. Read the rest of Art 1 Sec 8, and put it all in context of what was intended. You're off point.

[greyflcn]

@bbburton

In section 8, you're implying that "Coin" must narrowly be applied to making currencies out of Metal.

Even though at the time it was written, plenty of states issued paper currency.

And in section 10, you're assuming the word "Make" has a meaning more similar to "Allow"

Rather than the more obvious interpretation of "Manufacture".

[bbburton]

Try reading any of the Federalist papers, and other historical documents that discussed the intent of the drafters regarding money. At the time the revolution was fought, the Continental Congress issued paper currency to cover the cost of the war. The term 'not worth a Continental's was used at the time to describe the value paper money had attained. That is precisely why the Const. limited the coining of money to gold and silver. State's didn't issue paper, banks did. Wrong again.

[bbburton]

And you're focus is obviously placed on the wrong words; the only 'thing' that can be coined is gold and liver, not lead, tin, brass, bronze, or paper, etc.

[greyflcn]

@bbburton

Well if that's your argument, then that's easy.

The first few words of the sentence:

"No state shall..."

What you're describing is a restriction on States.

States cannot create currency, or anything like currency, besides gold and silver coins.

The federal congress on the other hand, does not have such a restriction.

Infact, they are specifically given the ability to regulate the value of the currency in Section 8.

Such that the value of the currency is detached from it's material.

[bbburton]

How ignorant would it be for the Founders to make no thing but gold and silver coin, deny the states the ability to make anything but gold and silver the only way to pay debt, and then allow the fed gov't to print money? Get real. Banks printed currency backed by the gold and silver on hand, not states. The fed gov was the sole source for minted gold and silver coin. Until the creation of the Fed Reserve, all currency was backed by gold and silver. That's the way it was meant to be, always.

[greyflcn]

@bbburton

As I said before

You are making up your own interpretation of the word "make" and interpreting it as "allow"

Rather than it's proper context of "manufacture".

The only thing states can manufacture, for the purpose of paying debt, is gold and silver coins

Congress on the other hand, is not limited by such a restriction

And infact, why would the value of the currency be tied to the value of a commodity, if they were specifically given the ability to change the value of the currency?

[bbburton]

And your definition of "make" to mean "manufacture" is nonsense. Had Congress intended the printing of currency as the basis of the monetary system, it would have. The purpose of limiting anything but gold and silver as the sole source of currency is stability of the monetary system. The Founders knew well the fallacy of fiat currency as the foundation for money. You continue to state as fact that which was never intended. Nothing was ever intended to be coin, i.e. money, but gold and silver.

[greyflcn]

@bbburton

So are you familiar with the supreme court case, Knox v. Lee?

[bbburton]

And are you familiar with the Dread Scott v. Sandford case? You have a Congress that makes illegal laws, and a Supreme Court that rubber stamps it. How disingenuous. Germany passed laws and Hitler exterminated over 6 million Jews, all done legally. Knox was a 5 to 4 decision reversing a prior decision that held legal tender laws unconstitutional. So what's your point? What was once illegal is now legal? Give me a break.

[InTheSticks1881]

The Derivatives Monster almost escaped last fall and threatened to eat us alive, has been put back into the closet to keep the game going. Derivatives are a cash cow for those selling, and an important part of the balance sheet from pension funds to universities as well as financial institutions. They are essentially worthless bets and would be a exposed should the game end, causing a massive collapse.

He is warning us that this Derivatives Monster can break out of the closet again.

[loai050]

Barney Frank needs to be removed asap , I daren't say what I think needs to be done with him...... ( Big Brother reading perhaps).

[ZedAlfa273]

At time index 8:16

Paul Jay: "So in terms of solutions ... "

Thomas Ferguson: "You have'nt got any."

Change we can believe in lol.

[btigtime2]

The same thing is Happing in the Food industry. It is happening in the War Industry and in the Entrgy industry. The Labor industry with frozen wages, Outsourcing and Foreign slave workforce.The so called Leaders who swore an oath to Protect the People and constitution are simple plants to protect their industries.Meanwhile we have no jobs, poision in our food, toys, air, houses and water. Wars killing people for nothing. and Fat Super industries get rich while we lose our houses and petitions.

[mcflurey667]

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