Great clip. These concepts however are not easy to grasp for the average individual such as myself. Perhaps you might want to slow it down a little next time. If your addicted to meth amphetamines or something, I suggest a good detox program.
Did you hear that? "The current monetary system is doing exactly what it was designed to do. It was designed to enslave the population while hiding that slavery to prevent a revolt!" Meanwhile we argue over which president is/was better?? IDIOTS - COMPLETE IDIOTS!!
I'm not understanding something here. "...eliminating debt would eliminate every single dollar it created in circulation". Who is trying to eliminate that kind of debt? This is not the debt and interest problem that the US is facing...is it? As I understand it, FRB allows banks to make loans to people, not the government, and since actual dollars are not being made, it does not contribute to inflation... I think. Is there a good economics book you could suggest for me to bring me up to speed? :P
@redknight808 The money is debt as all dollars in existence are loaned by the Federal Reserve to the Treasury. All of those dollars are payable back plus interest. So if all the dollars were to be paid back, where does the interest come from? That is how it is designed to fail.
i might sound stupid cause i no nothing about economics but is like 5 % of the money in america backed buy gold and silver, so couldnt we pay off the debt until we got back to that 5% like we were back in the 50s until JFK signed that bill making it legal to print off debt? PLEASE LIKE SO STORMCLOUDS WILL SEE AND ANSWER...thanks
@bunzombie Neither. Ron Paul is suggesting an end to debt based money and a return to the gold standard and to then cut spending within that system. Want my advice? Buy gold.
I'm not so sure that the debt can never be repaid - did you factor in the creation of wealth? The bankers have created a system that transfers the wealth created by producers to the bankers (which produce nothing except debt), without any effort on the banker's part except the stroke of a pen. If the creation of wealth can exceed the creation of debt, the debt CAN be repaid.
youve been watching the zeitgeist doco too much. be glad u have the worlds reserve currency because of americas corporate strength so u can just print money as long as you like. if u dont appreciate it, go live in zimbabwe
even if the debt was somehow magically paid off, it will just mean continuation of wars, global hunger, and everything else that drives society into destruction in the name of profit.
@S0up3rD0up3r There is perpetual hunger in Africa because of overpopulation in a non-fertile environment. They lack farmland relative to their population. Warlords don't help the situation either.
One of Obama's slave diving solutions is that we all need to "hustle". It's not just false, but actually 180 degrees incorrect. People "hustle" for substandard wages because they know that it will eventually pay off by working hard and being fiscally responsible, while others go into debt, i.e the Chinese and Asia. People almost never sacrifice and "hustle" to pay off debt. I've never seen anyone clamp down and live in their car, working 2 jobs for a few years to pay off bad debt.
What's your opinion on this "Super Congress" bull shit that's going on right now, claiming to be the solution to the debt crisis? The fact that this new government body can pass laws by simply bypassing congress scares the shit out of me. You've got a really good head on your shoulders sir, especially pertaining to these types of issues. Concerns?
@quadcatfly but the money in the money supply is not magically shrunk just because the debts are written off... the dollar is being devalued and not even Bernanke was willing to lie about that fact.
What hasn't been on the table is compassion. That would mean things like forgiveness of debt. The opposite of greed. Giving instead of taking. Acting as good citizens, not good businesses.
The gold standard is a trap since the majority of it is in the hands of the few, they would buy everything back and reenslave us. Fiat currency works; as long it is backed by labor and distributed by the government to circulate freely without debt attached to it. Tally sticks, colonial scripts, greenbacks, third reich marks made prosperous economies. All were deliberately dismantled through war or assassination.
@craigtheplague "Fiat currency works;" Madness. Seriously...madness. The only reason it 'works' is at the cost of thousands of lives and slaves which creates perpetual war. If you like living in a world of perpetual war, then sure...it 'works'. Fiat currency is the Devourer spoken of in Malachi 3 because it is based solely on greed and power. If it works for you then I hope you're prepare to pay the price...because people are sick and tired of dying for the rich.
@Acolon77 I read that Malachi 3:11 passage and don't see the connection between fiat currency and the devourer. I'll use a bible passage myself though. Ezekiel 7:19 talks about throwing useless gold and silver in streets. To resummarize: fiat currency must be issued by a fully accountable, people controlled government agency. The people should only pay for its ink and paper. No interest payments and no fractional reserve.
We weren't tricked at all. Proverbs 22:7 says "The rich rule over the poor, and the borrower is a servant (i.e. slave) to the lender." There's no trick involved. It was a conscious choice not to accept the truth and live by it. In other cases, it was a conscious choice to give into the temptations that quick & easy money can provide. In any case, we were't tricked. We've done this to ourselves.
@veritasfiles I feel tricked, i thought the government was printing debt free money, not that bankers were lending money to the people. Since the constitution was set up for gold/silver money to be only controlled by the congress and was meant to be issued at no interest, debt free. But the bankers bought the media and re-educated me into being tricked by them. If the banks had come out and announced it to me then that is an honest huste; but the bankers are tricksters and not honest hustlers.
Awesome video....the gold standard proved throughout history to be the best means of monetary trade...greed was the main reason why former administrations left it behind...and assumed an almost certain doomsday fiat currency...time to get back to the good old days and take our wealth back which was stolen by the greedy few. bring back the gold standard...it never failed before...
Cleverly done but, oh, how depressing. I hope in Part II Why the National Debt Will Never Be Repaid, you can suggest some solutions. But I forget, you said it can't be repaid in the title.
This (along with poisoning the Goyim, warmongering, and genocide) is the reason Jews have been expelled 109TIMES! They are good at fooling us, since they have been at it for so long. Usury is an art form to them, which has been perfected over time.
Search "zeitgeist addendum" , it explains this process in detail. There is even a case where a commmon citizen saved his home from foreclosure when he proved the bank never had the money it said it loaned.
When ever I try to explain this very concept to people, they look at me like I am a little green creature from outer space.Even some of the doctors which I work with don't seem to grasp the very nature of paper money and the role of the fed reserve.
0:18 "US Federal Reserve notes are based entirely on debt."
No. If that were true, FRN's would have exactly zero value. FRN's (like all corporate stock shares) are actually based on the total assets of the issuing corporation -- in this case, the corporation known as the United States. The new money created as interest is backed by the new resources created in the economy for the express purpose of paying off that interest.
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Therefore, as we can see, FRN's are not based on debt, to any degree.
@TheRebelpit the original song was "damn it feels good to be a gangsta' by the 'ghetto boys'... there's a line in the end of that original song that talks of the president- and how it must be good to have the whole world swinging from your nuts... The very basis for my youtube name... "Bucket Fulla Ballz"
i thought the money = total debt? because the treasury pays interest to the federal reserve, then the federal reserve returns it's interest payments back to the treasury. how does debt exceed the money supply? i don't get it.
@ph4rcyd3r - Because money is created from debt, and that debt has to be paid back with interest. So the total debt is the debt plus the interest which is more than the quantity of money that was created. So the end result is that the debt keeps growing no matter what, and there is never as much money in circulation as there is debt.
@StormCloudsGathering "So the total debt is the debt plus the interest which is more than the quantity of money that was created."
No. You're equivocating personal-debt with national-debt. The latter isn't created from interest on personal loans. It's created from annual budget deficits: en. wikipedia. org/wiki/National_debt "annual government deficit refers to the difference between government receipts and spending in a single year, that is, the increase of debt over a particular year."
You haven't made the case how paying your debts, including interest, and not adding to them, will not reduce the debt you owe, and ultimately pay off. Even if it takes a million years.
I would imagine your response would probably be something like "Well, that's how it works for regular people, but not for the Federal Government". So again, where is the proof (not theories) for what you claim?
If this were to ever be attempted on a widespread scale, the dwindling money supply eventually wouldn't be able to support the interest payments of the existing debt. It would reach a point where no one had money, the economy would grind to a halt, and yet many people would still be in debt.
Certain individuals can do it. Everyone can not. This is the fallacy of our backwards reality where money is credit, and credit is money. In this system, the banks win, everyone loses.
That's exactly why we have a treasury. To print more money in situations like that. You print money when the money supply becomes low. Not when it's in oversupply, like they're doing now.
@TheFloridaprepper The treasury is not legally allowed to print money. It can only be issued as debt through the federal reserve buying treasury bonds with fake digital money created out of nothing.
The last time the treasury printed debt free money was under Abraham Lincoln during the civil war.
Well, that means they could do it again, couldn't they?
I understand your point. But I find it hard to believe that there isn't a way to address the problem...........Assuming we get a government that actually deals with the debt crisis honestly and responsibly............A big if, I know. The 2012 election will tell us if it can happen. If things don't go to hell before that.
@StormCloudsGathering example: I deposit $100 into the bank. The bank lends $90 (90% of $100) to someone else. That someone else deposits it into another bank. That bank then lends out $81 (90% of $90). My $100 allows banks to lend out $171. The total money in circulation at this point, excluding the reserves held by the banks, is $100 + the amount of debt in the system. If the debt disappears, then there is $100 in the system instead of $271. Apply this to the nation debt...
@ph4rcyd3r The interest to pay off any loan is NEVER created, only the principle.
You can pay off personal debt, by working for and being paid with the principle of someone else's loan. You must use someone else's principle that is in circulation to pay off your interest. But that leaves them hanging. And the cycle continues. DEBT MONEY IS SLAVERY. Interest should come ONLY after the money is in circulation.
I will be changing that slavery cycle and will be dealing solely in Gold/Silver outside of whatever paper debts I have to pay off. If we stuck with Gold/Silver and the free market (aka the black market) we wouldnt have this problem. However, we all have the free will to leave bondage at anytime.
Correct! The "money" in your wallet and bank account are "evidence" of "the debt". It is all phony ballony, but at the same time, the most EVIL USURY SYSTEM ever imposed upon the world!!!!
It keeps us in shortage when all of humanity could live in one county of Texas!
the current system only works as long as you dont look behind the curtian....and once you look behind the curtian you cant go back and believe in it again ...no matter how hard you try.
@centervilletn HaHaHAHA~! "For God sake don't sell the farm out from under the grandkids-- at least not until we get to our luxury timeshare in the Caymans" (grandpa Bush)
This is a very good explanation. But sadly .......I think you could go door to door across America with this info and not make a dent. I've tried many times with friends and had limited success.
Well said my friend... Sadly the majority of people do not understand our monetary policy and nor do they care to learn.... Keep speaking the truth and stay safe!!
cut spending, raise taxes are options. What also needs to happen is we need something to offset the debt.
It used to be people had something called savings. Savings are what the bank pays YOU to keep your money in their system. So banks lose money on savings if they had nothing to balance it out...such as the loaning and fees.
The government like the American people need to increase revenue, cut spending, AND START SAVING. The economy booming will increase revenue w/o raising the rate.
Okay. You start saving, and please let me know how that goes for ya when the $200 you saved can only buy you one apple in 2 years time. Spend it all- save a little and buy tangible tradable goods.
@brainnoise1 No~! No~1 No~! Buy an apple tree; plant it, water it, and put some wire around it. In 2 years time you will be able to sell apples for $200 each. ;)
@carefulcarpenter well yes. we are gorwing heirloom fruits and veggies. sprouting.. i have been making my own bread from wheat berries the i grind everynigtht... . my sons have developed pretty strong arms.. i am also buying tradable goods.. emergency stuff... things for mommies for their babies... we're working on a grae vine. I had one in brooklyn and every year we would get a zillion graps with no work at all... it was lovely... =)
@brainnoise1 I think you have the right idea. I'm learning to makes breads myself. It's rather fun and satisfying to know I don't depend on a store for all of my healthy food.
Salad has virtually no calories, so it doesn't matter if one eats it or not.
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"fruit"
What most people refer to as "fruit" is essentially high-fructose corn syrup. If you want to get cancer, heart-disease, and Alzheimer's disease, you should eat "fruit".
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"Any other tips?"
Yes. For optimum health, don't eat anything but fatty meat (70-95% of calories should be from fat). Again, see Gary Taubes' two books on nutrition for explanations and references.
@hitssquad You posted this 22 minutes ago, as of this post, and I've watched and favored your feature video-- so I am very willing to entertain new and contradictory information. Thanks~! Any more tips?
Knowledge is power, but not necessarily freedom. Freedom is for those who seek it. In this case, knowledge may mean living freely longer. Wild edibles on salad and tree-ripened oranges and lemons. My customers often have fruit trees, and I ask for some. They often go to waste, otherwise.
@hitssquad On topic: debt. I owe you a debt for the great info and leads. I have coconut oil and like it; eat butter regularly (Doctor Dean Adel suggestion); and eat the whole egg-- but not regularly. Maybe some cheesy scrambles tomorrow~!?
The bread angle is frightening. And I thought sprouted whole wheat bread was healthy? Always learn something new on YT.
@hitssquad Hey, thanks a million-quadrillion for setting me straight on this hitssquad~! I finished your feature video--- and you've SAVED MY LIFE and handed more GOLD than I could save in the rest of my life.
@StuffedAnimalAdvisor I'm not an econ guy, but you didn't hear a word this guy said. The deck is stacked against us. You probably are a good person; these bastards are not good people.
No, I heard I just disagree on some of the points.. I'm fine with fractional reserve banking...its a risky business venture, when it goes bad...there is an insurance for that.
For bonds...its fundamental when you promise something, you keep that promise. Everyone needs to stop making promises they can't keep.
Debt minus money supply equals =can't pay off the debt...Savings would offset this imbalance because the bank pays you to keep your money with them. save instead spd
@StuffedAnimalAdvisor - Fractional reserve banking always leads to a select group of oligarchs owning and controlling everything, including the government. If they can create money out of thin air then how on earth could it end any differently?
@StormCloudsGathering Everything a bank does involves interest. Savings acct involve the bank paying YOU interest...loaning involves you Paying the bank interest. To stay in business, said business needs to make a profit...so loaning interest will be higher than saving interest. Everyone wins when thing balance out. A terrible practice is banks giving out loans to people who CANNOT pay it back. The theory is the bank than owns that person's collateral...as traditional slavery is illegal.
In theory the bank then owns you and or your stuff. You are obligated to pay off what you borrowed...it is morally correct to pay off what you borrow.
So if they loan to someone that can't actually pay...its a trap
But its double edged...you can't get blood from a turnip. In theory the bank owns you when you can't pay them. So they take your collateral. What can the bank do with it beside sell it to someone. Its similar result when a country borrows too much.
Im from Germany and i can understand and speak english pretty well but i have a really hard time trying to follow you as youre talking WAY TOO FAST!!!! I like your vids but how is anyone supposed to link and share your vids to non native speakers when there is zero chance of them undestanding one word you say?! Please consider this! Nevertheless i like your vids and youre doin a great job. Greetings!
@SirClickalot75 - You wrote: "youre talking WAY TOO FAST!!!!" Right! When he's walking around his estate, he speaks at a leisurely pace and it suits the scenery. But when he prepares for a video with a script he goes way too fast. It'd be helpful if he would think about what he's saying and give us time to "let it sink in" as we say in English.
Since bank notes have been used to enslave us, maybe they can be used to Free us. We could start writting small protests or links to websites with information that will inform those who are oblivious to what is going on on the dollar bills. things like infowars.com- how the banking system is enslaving us. Simple but could catch on. and why let an opportunty go to waste.
@hopaloop Not to sound like a pessimist but I honestly think that most people, (at least in my surroundings and US in general), wouldn't really understand or have the intelligence to realize the vast corruption. Even if they do, they will react in a very apathetic way. This has been my experience when I tell them about government conspiracy/corruption. You can lead a horse to water but you can't make him drink sort of thing. Also, ignorance is bliss.
@LJPpro yeh, your right. I've managed to depress many of my friends and now feel as if i should spare the rest as it doesn't seem to of help the depressed ones at all. I have just written "Your Goverment Loves You!" on a £10 note and shall give it to my local shop in the morning.
Sure it can be repaid technically speaking that is, it doesn't mean the currency it is paid back in is going to be worth anything though but threw legal maneuvering it will clear the books.. The US never really ever even paid for the Vietnam war. All the corrupt bought and paid for banker and corporate whore in the District of corruption and the banker criminals who fund their campaigns and control the monetary system are well aware of these facts. This is fucking 5th grade math!
@itchcitizen2 The role of the bank is to service your loan-- like a coach who manages your workout so you can focus on growth and success. An agent has an 'interest' in the talent-- but does not own it. The athlete owes a debt of gratitude for the opportunity to compete.
My family set up the original US Bank-- but I inherited no gold. My niece is a three-time olympian who is seeking the gold, and in the process has become extremely wealthy; wealthier than Hamilton, Jay, Lowe or King.
I believe the solution is to declare it illegal, as it is... Interest on money issued to banks who themselves had to pay interest, a vicious infinate cycle of doom.
If each person alive THIS MOMENT pays $125,000 each RIGHT NOW we can pay the whole thing off IMMEDIATELY or we can just ask the FED to pay a mere $60.00 per minute for only 31,000 years and after 31,000 years we will have paid it off up until 2011 (of course we would have to cease any further spending and refuse to pay any additional interest over the 31K years.. Come On American "YES WE CAN!...i think..maybe.. possibly..oh shiznit we are so F&^%ed...
Most think that slaves are people unfairly bound to their station in life. I beg to differ: I see many choose to be enslaved-- and cannot rest facing TOO MUCH freedom. Why do people focus on the monetary system when they turn their attention towards seeking freedom. Why are you not already free? Did you parents not teach you well? Was there's the fault for not providing enough MONEY to buy you out of bondage?
.... This monetary system has freed many people in the past 30 years, but only a free man would understand what I am saying. I was freed--now I thank my ancestors and my coaches for doing the right thing by me. My wife choses not to be free-- and that is apparently do to her parents and teachers. It's tough to love a person who is in prison by their own lack of imagination.
I like this type of your videos better than the ones where you are walking in a field. Just my one view. I'm just saying these seem much more researched and are attention keepers!
The solution is buying gold and silver and never letting uncle sam steal it from you. As the gov defaults throught the printing press your debt is devalued and payed off with the pm's......I think....
Freedom is a state of mind. Many are enslaved by their own devices. The system works again and again because people will never learn from the mistakes of past generations-- because the system works in cycles, and perception can be manipulated.
My family granted me the 'gift of independence' because they came from people who were great examples of independent forefathers. Teaching these principles is NOT an academic exercise-- more like building a mudsack home in Texas.
... I intended to teach some principles via my channel; and then I realized some truth in the whole matter: people must find their own way through life. Most prefer to live by trial and error-- the hard path-- which is a valid method of learning. Building anything, in any age, is rather similar: we NEVER listen to our parents. We would rather blow the whole thing up ourselves than to capitulate to the wisdom of the ages.
@strawman007 Yep, let's default and go back to hard commodity money issued by private minters. Choice and competition are the cure for the Federal Reserve system's money/banking cartel.
If for every $1 printed there is $1 of debt, then the only way for the debt to ever get paid would be if every single person had exactly $0 and was dead broke.
Book "Wealth of Nations" says no nation ever repaid its debts... 1776... in 1852 only one country paid off its debts and remained debt free for two years... America is the only country to ever repay its debts.
Great clip. These concepts however are not easy to grasp for the average individual such as myself. Perhaps you might want to slow it down a little next time. If your addicted to meth amphetamines or something, I suggest a good detox program.
Halopa60 1 week ago
I know I have saved this link more then one time in my youtube and keep losing it .
badboychronic 1 week ago
This has been flagged as spam show
Did you hear that? "The current monetary system is doing exactly what it was designed to do. It was designed to enslave the population while hiding that slavery to prevent a revolt!" Meanwhile we argue over which president is/was better?? IDIOTS - COMPLETE IDIOTS!!
refusetoassimilate 2 weeks ago
Comment removed
refusetoassimilate 2 weeks ago
I'm not understanding something here. "...eliminating debt would eliminate every single dollar it created in circulation". Who is trying to eliminate that kind of debt? This is not the debt and interest problem that the US is facing...is it? As I understand it, FRB allows banks to make loans to people, not the government, and since actual dollars are not being made, it does not contribute to inflation... I think. Is there a good economics book you could suggest for me to bring me up to speed? :P
redknight808 3 months ago
@redknight808 The money is debt as all dollars in existence are loaned by the Federal Reserve to the Treasury. All of those dollars are payable back plus interest. So if all the dollars were to be paid back, where does the interest come from? That is how it is designed to fail.
UponInfinity 2 months ago
i might sound stupid cause i no nothing about economics but is like 5 % of the money in america backed buy gold and silver, so couldnt we pay off the debt until we got back to that 5% like we were back in the 50s until JFK signed that bill making it legal to print off debt? PLEASE LIKE SO STORMCLOUDS WILL SEE AND ANSWER...thanks
hustonrharrington 3 months ago
You can just default and not pay off the debt. Sorry China and Saudi Arabia.
XulChris 3 months ago
so Ron Paul is clueless or lying?
bunzombie 3 months ago
@bunzombie Neither. Ron Paul is suggesting an end to debt based money and a return to the gold standard and to then cut spending within that system. Want my advice? Buy gold.
UponInfinity 2 months ago
Thumbs up if you thought of "Office Space"
spiderman23s9 3 months ago
Great video.
FXSwissTrader 3 months ago
Not quite correct - There is a solution.
1. The Gov must stop 'borrowing' from banks and International financiers.
2. The Gov must install a 100% legal tender reserve for the use of itself and its citizens.
3. The Gov must stop banks from creating credit.
4. The Gov must Nationalise private debt owed to banks but not Nationalise the banks.
5. The Gov must take the interest payments which they will receive from the private debt and use it to pay off the National debt.
Dictum1 4 months ago
I'm not so sure that the debt can never be repaid - did you factor in the creation of wealth? The bankers have created a system that transfers the wealth created by producers to the bankers (which produce nothing except debt), without any effort on the banker's part except the stroke of a pen. If the creation of wealth can exceed the creation of debt, the debt CAN be repaid.
kaskid63 4 months ago
youve been watching the zeitgeist doco too much. be glad u have the worlds reserve currency because of americas corporate strength so u can just print money as long as you like. if u dont appreciate it, go live in zimbabwe
timoe14 4 months ago
Straight outta Zeitgeist Addendum. ;)
TerraRubicon 5 months ago
even if the debt was somehow magically paid off, it will just mean continuation of wars, global hunger, and everything else that drives society into destruction in the name of profit.
S0up3rD0up3r 6 months ago
@S0up3rD0up3r There is perpetual hunger in Africa because of overpopulation in a non-fertile environment. They lack farmland relative to their population. Warlords don't help the situation either.
It has nothing to do with profit.
TheSelfGoverned 5 months ago
One of Obama's slave diving solutions is that we all need to "hustle". It's not just false, but actually 180 degrees incorrect. People "hustle" for substandard wages because they know that it will eventually pay off by working hard and being fiscally responsible, while others go into debt, i.e the Chinese and Asia. People almost never sacrifice and "hustle" to pay off debt. I've never seen anyone clamp down and live in their car, working 2 jobs for a few years to pay off bad debt.
WTFLYR 6 months ago
I really appreciate your videos! Thanks
Taramariemoon 7 months ago
What's your opinion on this "Super Congress" bull shit that's going on right now, claiming to be the solution to the debt crisis? The fact that this new government body can pass laws by simply bypassing congress scares the shit out of me. You've got a really good head on your shoulders sir, especially pertaining to these types of issues. Concerns?
Umy1332 7 months ago
The solution is end the fed and reinstate the glasse steagle act. Default on those debts... Iceland and Venezuela style...
deceiver123m 7 months ago
The national debt should not be paid because it is not a legitimate debt. It's a fiat debt. Fraud. Pure Fraud by the International Banking cartel.
olga2415 7 months ago 5
nonsense. most debt is extinguished (gets written off) so the $ in circulation is always equal or LESS than debt outstanding.
quadcatfly 7 months ago
@quadcatfly but the money in the money supply is not magically shrunk just because the debts are written off... the dollar is being devalued and not even Bernanke was willing to lie about that fact.
deceiver123m 7 months ago
What hasn't been on the table is compassion. That would mean things like forgiveness of debt. The opposite of greed. Giving instead of taking. Acting as good citizens, not good businesses.
rcguycan 8 months ago
The gold standard is a trap since the majority of it is in the hands of the few, they would buy everything back and reenslave us. Fiat currency works; as long it is backed by labor and distributed by the government to circulate freely without debt attached to it. Tally sticks, colonial scripts, greenbacks, third reich marks made prosperous economies. All were deliberately dismantled through war or assassination.
craigtheplague 8 months ago
@craigtheplague "Fiat currency works;" Madness. Seriously...madness. The only reason it 'works' is at the cost of thousands of lives and slaves which creates perpetual war. If you like living in a world of perpetual war, then sure...it 'works'. Fiat currency is the Devourer spoken of in Malachi 3 because it is based solely on greed and power. If it works for you then I hope you're prepare to pay the price...because people are sick and tired of dying for the rich.
Acolon77 7 months ago
@Acolon77 I read that Malachi 3:11 passage and don't see the connection between fiat currency and the devourer. I'll use a bible passage myself though. Ezekiel 7:19 talks about throwing useless gold and silver in streets. To resummarize: fiat currency must be issued by a fully accountable, people controlled government agency. The people should only pay for its ink and paper. No interest payments and no fractional reserve.
craigtheplague 7 months ago
We weren't tricked at all. Proverbs 22:7 says "The rich rule over the poor, and the borrower is a servant (i.e. slave) to the lender." There's no trick involved. It was a conscious choice not to accept the truth and live by it. In other cases, it was a conscious choice to give into the temptations that quick & easy money can provide. In any case, we were't tricked. We've done this to ourselves.
veritasfiles 8 months ago
@veritasfiles I feel tricked, i thought the government was printing debt free money, not that bankers were lending money to the people. Since the constitution was set up for gold/silver money to be only controlled by the congress and was meant to be issued at no interest, debt free. But the bankers bought the media and re-educated me into being tricked by them. If the banks had come out and announced it to me then that is an honest huste; but the bankers are tricksters and not honest hustlers.
deceiver123m 7 months ago
Awesome video....the gold standard proved throughout history to be the best means of monetary trade...greed was the main reason why former administrations left it behind...and assumed an almost certain doomsday fiat currency...time to get back to the good old days and take our wealth back which was stolen by the greedy few. bring back the gold standard...it never failed before...
cocoin11 8 months ago
Cleverly done but, oh, how depressing. I hope in Part II Why the National Debt Will Never Be Repaid, you can suggest some solutions. But I forget, you said it can't be repaid in the title.
angelabreakstone 8 months ago
how do we fight this then old fearless leader?
beefdog 8 months ago
This (along with poisoning the Goyim, warmongering, and genocide) is the reason Jews have been expelled 109TIMES! They are good at fooling us, since they have been at it for so long. Usury is an art form to them, which has been perfected over time.
Cool32Vic 8 months ago
Search "zeitgeist addendum" , it explains this process in detail. There is even a case where a commmon citizen saved his home from foreclosure when he proved the bank never had the money it said it loaned.
coltzin12 8 months ago
When ever I try to explain this very concept to people, they look at me like I am a little green creature from outer space.Even some of the doctors which I work with don't seem to grasp the very nature of paper money and the role of the fed reserve.
bracioled 8 months ago
Why does the government mint money & give/sell it the Fed, then borrows it back at interest?
3089280288 8 months ago
0:18 "US Federal Reserve notes are based entirely on debt."
No. If that were true, FRN's would have exactly zero value. FRN's (like all corporate stock shares) are actually based on the total assets of the issuing corporation -- in this case, the corporation known as the United States. The new money created as interest is backed by the new resources created in the economy for the express purpose of paying off that interest.
.
Therefore, as we can see, FRN's are not based on debt, to any degree.
hitssquad 8 months ago
nice vid clear and consise and to the point, just hope some of the sheeple can register whats been happening. And take our lives back ...
dreadz808 8 months ago
An outstanding contribution! Thank you!
trilobit00 8 months ago
wow, great picture collection. Where did you get all those pictures ?
georgemargaris 8 months ago
@georgemargaris - Google images with the right search terms.
StormCloudsGathering 8 months ago
I agree, This is the biggest problem we have to solve. But...
How do you fight the system? By stop using money and becoming self-sufficient? Most people can't do that.
snaileri 8 months ago
good video, btw what is the name of the song.
TheRebelpit 8 months ago
Comment removed
bucketfullaballz 8 months ago
This has been flagged as spam show
@TheRebelpit the original song was "damn it feels good to be a gangsta' by the 'ghetto boys'... there's a line in the end of that original song that talks of the president- and how it must be good to have the whole world swinging from your nuts... The very basis for my youtube name... "Bucket Fulla Ballz"
bucketfullaballz 8 months ago
@TheRebelpit - It was "Damn it feels good to be a banka". It's a youtube spoof.
StormCloudsGathering 8 months ago
@StormCloudsGathering thanks.
TheRebelpit 8 months ago
nice songgg at the end
9MillWill1 8 months ago
HERE IS THE SOLUTION - RELEASE YOURSELF FROM THE BALL AND CHAIN – MENTALLY, PHISICALLY AND EMOTIONALLY – if you don’t know how FIND OUT!!!
BullionLimitedotcom 8 months ago
i thought the money = total debt? because the treasury pays interest to the federal reserve, then the federal reserve returns it's interest payments back to the treasury. how does debt exceed the money supply? i don't get it.
ph4rcyd3r 8 months ago 2
@ph4rcyd3r - Because money is created from debt, and that debt has to be paid back with interest. So the total debt is the debt plus the interest which is more than the quantity of money that was created. So the end result is that the debt keeps growing no matter what, and there is never as much money in circulation as there is debt.
StormCloudsGathering 8 months ago 10
@StormCloudsGathering "So the total debt is the debt plus the interest which is more than the quantity of money that was created."
No. You're equivocating personal-debt with national-debt. The latter isn't created from interest on personal loans. It's created from annual budget deficits: en. wikipedia. org/wiki/National_debt "annual government deficit refers to the difference between government receipts and spending in a single year, that is, the increase of debt over a particular year."
hitssquad 8 months ago 2
@StormCloudsGathering
You haven't made the case how paying your debts, including interest, and not adding to them, will not reduce the debt you owe, and ultimately pay off. Even if it takes a million years.
I would imagine your response would probably be something like "Well, that's how it works for regular people, but not for the Federal Government". So again, where is the proof (not theories) for what you claim?
TheFloridaprepper 7 months ago
@TheFloridaprepper
If this were to ever be attempted on a widespread scale, the dwindling money supply eventually wouldn't be able to support the interest payments of the existing debt. It would reach a point where no one had money, the economy would grind to a halt, and yet many people would still be in debt.
Certain individuals can do it. Everyone can not. This is the fallacy of our backwards reality where money is credit, and credit is money. In this system, the banks win, everyone loses.
TheSelfGoverned 7 months ago
@TheSelfGoverned
That's exactly why we have a treasury. To print more money in situations like that. You print money when the money supply becomes low. Not when it's in oversupply, like they're doing now.
Sorry, but I need a lot more than that.
TheFloridaprepper 7 months ago
@TheFloridaprepper The treasury is not legally allowed to print money. It can only be issued as debt through the federal reserve buying treasury bonds with fake digital money created out of nothing.
The last time the treasury printed debt free money was under Abraham Lincoln during the civil war.
TheSelfGoverned 7 months ago
@TheSelfGoverned
Well, that means they could do it again, couldn't they?
I understand your point. But I find it hard to believe that there isn't a way to address the problem...........Assuming we get a government that actually deals with the debt crisis honestly and responsibly............A big if, I know. The 2012 election will tell us if it can happen. If things don't go to hell before that.
TheFloridaprepper 7 months ago
@StormCloudsGathering
The big problem now is there is more Interest than there is actual money which is not debt but your production.
Interest has become greater than the GDP of the world that's why it's starting to implode on it self.
By the way your channel rocks and you have done a fantastic job, I'm a fan!
Check out my channel...
moviematcanada 4 months ago
@StormCloudsGathering example: I deposit $100 into the bank. The bank lends $90 (90% of $100) to someone else. That someone else deposits it into another bank. That bank then lends out $81 (90% of $90). My $100 allows banks to lend out $171. The total money in circulation at this point, excluding the reserves held by the banks, is $100 + the amount of debt in the system. If the debt disappears, then there is $100 in the system instead of $271. Apply this to the nation debt...
ICURANME 1 month ago
@ph4rcyd3r The interest to pay off any loan is NEVER created, only the principle.
You can pay off personal debt, by working for and being paid with the principle of someone else's loan. You must use someone else's principle that is in circulation to pay off your interest. But that leaves them hanging. And the cycle continues. DEBT MONEY IS SLAVERY. Interest should come ONLY after the money is in circulation.
nextdimensions 8 months ago
@ph4rcyd3r W e should really get rid of the federal reserrve.
altaqqadum96 4 months ago
I will be changing that slavery cycle and will be dealing solely in Gold/Silver outside of whatever paper debts I have to pay off. If we stuck with Gold/Silver and the free market (aka the black market) we wouldnt have this problem. However, we all have the free will to leave bondage at anytime.
Good vid.
TruthOverFacts 8 months ago
Great vid!
Exactly how I feel.
Favorited
TacticalCitySlicker 8 months ago
The Money Masters
That's the documentary that woke me up. Recommended viewing.
LordDyhalto 8 months ago
@LordDyhalto - Agreed... if you notice the tags I used made sure it was the main recommendation on the right of the page.
StormCloudsGathering 8 months ago
Correct! The "money" in your wallet and bank account are "evidence" of "the debt". It is all phony ballony, but at the same time, the most EVIL USURY SYSTEM ever imposed upon the world!!!!
It keeps us in shortage when all of humanity could live in one county of Texas!
You are being lied to!!!
PontifexMagnanimous 8 months ago
FINALLY! Someone else who realizes the occurrence of and uses the term 'modern feudalism'.
MandragGanon 8 months ago
Good vid as always, Aaron. Speaking of children, wheres the 1 year update on Niobe?
lastr1tes75 8 months ago
Excellent video! Share it guys!
numba1stunna4269 8 months ago
Gold and silver
Ron Paul 2012
End the Fed
I can't wait
ustfu 8 months ago
what do we do when the banksters print so much money it has no value anymore ie the collapse of the American dollar???
ethanhines 8 months ago
A greek protester said it best....."you can draw all the pictures of money you want ....that doesnt make it real"
centervilletn 8 months ago
the current system only works as long as you dont look behind the curtian....and once you look behind the curtian you cant go back and believe in it again ...no matter how hard you try.
centervilletn 8 months ago
i think the solution is to default yesterday.
centervilletn 8 months ago
@centervilletn NO~! Keep making the pie higher~! (GW Bush)
"A rising tide lifts all boats" (W. Clinton)
"Greed works~! (Milton Friedman--economic advisor)
"Don't you understand the vacuum effect? The more you spend the more money comes in."(my ex-fiance, daughter of an established lawyer)
"A man with a degree can make more money in a lifetime than a hard-working man can" (anon)
"Don't you know it's a who-you-know not a what-you-know world" (millionaire x10 father of a friend of mine)
carefulcarpenter 8 months ago
@carefulcarpenter you forgot one...."there is a sucker born every second....and 2 to take em" (Benidict Arnold Bernanke)
centervilletn 8 months ago
@centervilletn HaHaHAHA~! "For God sake don't sell the farm out from under the grandkids-- at least not until we get to our luxury timeshare in the Caymans" (grandpa Bush)
carefulcarpenter 8 months ago
This is a very good explanation. But sadly .......I think you could go door to door across America with this info and not make a dent. I've tried many times with friends and had limited success.
ConcernedAmericans 8 months ago
Well said my friend... Sadly the majority of people do not understand our monetary policy and nor do they care to learn.... Keep speaking the truth and stay safe!!
kboxingrebel 8 months ago
Yup.
chocomalk 8 months ago
cut spending, raise taxes are options. What also needs to happen is we need something to offset the debt.
It used to be people had something called savings. Savings are what the bank pays YOU to keep your money in their system. So banks lose money on savings if they had nothing to balance it out...such as the loaning and fees.
The government like the American people need to increase revenue, cut spending, AND START SAVING. The economy booming will increase revenue w/o raising the rate.
StuffedAnimalAdvisor 8 months ago
Okay. You start saving, and please let me know how that goes for ya when the $200 you saved can only buy you one apple in 2 years time. Spend it all- save a little and buy tangible tradable goods.
brainnoise1 8 months ago
@brainnoise1 No~! No~1 No~! Buy an apple tree; plant it, water it, and put some wire around it. In 2 years time you will be able to sell apples for $200 each. ;)
carefulcarpenter 8 months ago
@carefulcarpenter well yes. we are gorwing heirloom fruits and veggies. sprouting.. i have been making my own bread from wheat berries the i grind everynigtht... . my sons have developed pretty strong arms.. i am also buying tradable goods.. emergency stuff... things for mommies for their babies... we're working on a grae vine. I had one in brooklyn and every year we would get a zillion graps with no work at all... it was lovely... =)
brainnoise1 8 months ago
@brainnoise1 I think you have the right idea. I'm learning to makes breads myself. It's rather fun and satisfying to know I don't depend on a store for all of my healthy food.
carefulcarpenter 8 months ago
@carefulcarpenter "I'm learning to makes breads myself. It's rather fun and satisfying to know I don't depend on a store for all of my healthy food."
Bread isn't healthy. See: garytaubes. com/writing/books
hitssquad 8 months ago
@hitssquad Wow!! Thanks!! Maybe you've saved my life~! Back to wild edibles, salad, and fruit for me. Any other tips?
carefulcarpenter 8 months ago
@carefulcarpenter "Back to [...] salad"
Salad has virtually no calories, so it doesn't matter if one eats it or not.
.
"fruit"
What most people refer to as "fruit" is essentially high-fructose corn syrup. If you want to get cancer, heart-disease, and Alzheimer's disease, you should eat "fruit".
.
"Any other tips?"
Yes. For optimum health, don't eat anything but fatty meat (70-95% of calories should be from fat). Again, see Gary Taubes' two books on nutrition for explanations and references.
hitssquad 8 months ago
@hitssquad You posted this 22 minutes ago, as of this post, and I've watched and favored your feature video-- so I am very willing to entertain new and contradictory information. Thanks~! Any more tips?
Knowledge is power, but not necessarily freedom. Freedom is for those who seek it. In this case, knowledge may mean living freely longer. Wild edibles on salad and tree-ripened oranges and lemons. My customers often have fruit trees, and I ask for some. They often go to waste, otherwise.
carefulcarpenter 8 months ago
@carefulcarpenter "Any more tips?"
Butter is a healthy supplement to other animal fats. This would be an exception to the rule "don't eat anything but fatty meat".
.
Coconut oil is also a healthy fat supplement.
.
Eggs are also healthy, but the yolk is the healthiest part of the egg to eat: cholesterol-and-health. com/Egg_Yolk. html
hitssquad 8 months ago
@hitssquad On topic: debt. I owe you a debt for the great info and leads. I have coconut oil and like it; eat butter regularly (Doctor Dean Adel suggestion); and eat the whole egg-- but not regularly. Maybe some cheesy scrambles tomorrow~!?
The bread angle is frightening. And I thought sprouted whole wheat bread was healthy? Always learn something new on YT.
carefulcarpenter 8 months ago
@hitssquad Hey, thanks a million-quadrillion for setting me straight on this hitssquad~! I finished your feature video--- and you've SAVED MY LIFE and handed more GOLD than I could save in the rest of my life.
TRUTH IS LOVE~!
carefulcarpenter 8 months ago
@StuffedAnimalAdvisor I'm not an econ guy, but you didn't hear a word this guy said. The deck is stacked against us. You probably are a good person; these bastards are not good people.
rovingdesertfox 8 months ago
@rovingdesertfox
No, I heard I just disagree on some of the points.. I'm fine with fractional reserve banking...its a risky business venture, when it goes bad...there is an insurance for that.
For bonds...its fundamental when you promise something, you keep that promise. Everyone needs to stop making promises they can't keep.
Debt minus money supply equals =can't pay off the debt...Savings would offset this imbalance because the bank pays you to keep your money with them. save instead spd
StuffedAnimalAdvisor 8 months ago
@StuffedAnimalAdvisor - Fractional reserve banking always leads to a select group of oligarchs owning and controlling everything, including the government. If they can create money out of thin air then how on earth could it end any differently?
StormCloudsGathering 8 months ago
@StormCloudsGathering Everything a bank does involves interest. Savings acct involve the bank paying YOU interest...loaning involves you Paying the bank interest. To stay in business, said business needs to make a profit...so loaning interest will be higher than saving interest. Everyone wins when thing balance out. A terrible practice is banks giving out loans to people who CANNOT pay it back. The theory is the bank than owns that person's collateral...as traditional slavery is illegal.
StuffedAnimalAdvisor 8 months ago
@StuffedAnimalAdvisor CFLP
In theory the bank then owns you and or your stuff. You are obligated to pay off what you borrowed...it is morally correct to pay off what you borrow.
So if they loan to someone that can't actually pay...its a trap
But its double edged...you can't get blood from a turnip. In theory the bank owns you when you can't pay them. So they take your collateral. What can the bank do with it beside sell it to someone. Its similar result when a country borrows too much.
StuffedAnimalAdvisor 8 months ago
If anything is worth putting on Facebook it is this mans words.
anyonefindAMERICA1 8 months ago
I noticed some of 'Dee's Illustrations' in your video...he has some goodies!
SDPXYZ 8 months ago
yeah buddy!
pickymickey 8 months ago
You have a good voice.....you should have your own radio show....
DeathOfTheDollar2010 8 months ago
Im from Germany and i can understand and speak english pretty well but i have a really hard time trying to follow you as youre talking WAY TOO FAST!!!! I like your vids but how is anyone supposed to link and share your vids to non native speakers when there is zero chance of them undestanding one word you say?! Please consider this! Nevertheless i like your vids and youre doin a great job. Greetings!
SirClickalot75 8 months ago
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@SirClickalot75 - You wrote: "youre talking WAY TOO FAST!!!!" Right! When he's walking around his estate, he speaks at a leisurely pace and it suits the scenery. But when he prepares for a video with a script he goes way too fast. It'd be helpful if he would think about what he's saying and give us time to "let it sink in" as we say in English.
Myrmecia 8 months ago
how are we slaves?
Tommy4216 8 months ago
short and sweet
boxant 8 months ago 8
@boxant
its been studied n proven that the average adult americans attention span is about 5 seconds....
whats in the water that could do that?
ProthoPectore 8 months ago
@ProthoPectore that's so not true, my attention span is like ten times...wait what were we talking about?
Revile2nr 8 months ago
@ProthoPectore what were we talking about?
boxant 8 months ago
Since bank notes have been used to enslave us, maybe they can be used to Free us. We could start writting small protests or links to websites with information that will inform those who are oblivious to what is going on on the dollar bills. things like infowars.com- how the banking system is enslaving us. Simple but could catch on. and why let an opportunty go to waste.
hopaloop 8 months ago
@hopaloop Not to sound like a pessimist but I honestly think that most people, (at least in my surroundings and US in general), wouldn't really understand or have the intelligence to realize the vast corruption. Even if they do, they will react in a very apathetic way. This has been my experience when I tell them about government conspiracy/corruption. You can lead a horse to water but you can't make him drink sort of thing. Also, ignorance is bliss.
LJPpro 8 months ago
@LJPpro yeh, your right. I've managed to depress many of my friends and now feel as if i should spare the rest as it doesn't seem to of help the depressed ones at all. I have just written "Your Goverment Loves You!" on a £10 note and shall give it to my local shop in the morning.
hopaloop 8 months ago
Sure it can be repaid technically speaking that is, it doesn't mean the currency it is paid back in is going to be worth anything though but threw legal maneuvering it will clear the books.. The US never really ever even paid for the Vietnam war. All the corrupt bought and paid for banker and corporate whore in the District of corruption and the banker criminals who fund their campaigns and control the monetary system are well aware of these facts. This is fucking 5th grade math!
UU361 8 months ago
FIVE STARS
TheWakeuptime 8 months ago
I'm amazed that people still think they owe banks anything ! How can you owe money that was never the lenders in the first place ?
itchcitizen2 8 months ago 22
@itchcitizen2 The role of the bank is to service your loan-- like a coach who manages your workout so you can focus on growth and success. An agent has an 'interest' in the talent-- but does not own it. The athlete owes a debt of gratitude for the opportunity to compete.
My family set up the original US Bank-- but I inherited no gold. My niece is a three-time olympian who is seeking the gold, and in the process has become extremely wealthy; wealthier than Hamilton, Jay, Lowe or King.
carefulcarpenter 8 months ago
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@itchcitizen2 tinyurl [[.]] com/3g963gs
nextdimensions 8 months ago
@itchcitizen2 AMEN!
johnnyangel26 8 months ago
@itchcitizen2 In theory, you owe money to the previous owners of the house.
The banks are simply the middle men, and they conjure up the fake $ necessary for you to pay the seller of the house all at once.
In the matter of the National debt, then yeah, it is all fake paper bank created dollars. Unfortunately, they are able to buy real wealth with it.
TheSelfGoverned 7 months ago
great vid!
jbzy077 8 months ago
Very Good! Putting it on my Facebook page
cybor32 8 months ago
I believe the solution is to declare it illegal, as it is... Interest on money issued to banks who themselves had to pay interest, a vicious infinate cycle of doom.
saving > spending
WoodlandRavah 8 months ago
If each person alive THIS MOMENT pays $125,000 each RIGHT NOW we can pay the whole thing off IMMEDIATELY or we can just ask the FED to pay a mere $60.00 per minute for only 31,000 years and after 31,000 years we will have paid it off up until 2011 (of course we would have to cease any further spending and refuse to pay any additional interest over the 31K years.. Come On American "YES WE CAN!...i think..maybe.. possibly..oh shiznit we are so F&^%ed...
AdonisKingAXC 8 months ago
You should stick to making videos like this.
myaim07 8 months ago
Most think that slaves are people unfairly bound to their station in life. I beg to differ: I see many choose to be enslaved-- and cannot rest facing TOO MUCH freedom. Why do people focus on the monetary system when they turn their attention towards seeking freedom. Why are you not already free? Did you parents not teach you well? Was there's the fault for not providing enough MONEY to buy you out of bondage?
carefulcarpenter 8 months ago
.... This monetary system has freed many people in the past 30 years, but only a free man would understand what I am saying. I was freed--now I thank my ancestors and my coaches for doing the right thing by me. My wife choses not to be free-- and that is apparently do to her parents and teachers. It's tough to love a person who is in prison by their own lack of imagination.
carefulcarpenter 8 months ago
Knowledge is power-- not necessarily freedom.
carefulcarpenter 8 months ago
@carefulcarpenter Very succinctly put.
ZephZhang 8 months ago
Eloquently stated
BookofNick 8 months ago
I like this type of your videos better than the ones where you are walking in a field. Just my one view. I'm just saying these seem much more researched and are attention keepers!
rockbay79 8 months ago
good message StormCloudsGathering
tgvas 8 months ago
big up aaron! I'm posting this one on facebook.
jthomas06 8 months ago
Short, Sweet, and right to the point! Great Job!
darrenritt27 8 months ago
this is why jesus threw the money changers out of the temple... it is such an evil scheme
MrBuckwilliam 8 months ago
Understanding the truth will set us free.
NewAmericaNow 8 months ago
How can anyone use debt notes to pay debt anyways? It is impossible, They created impossible contracts with their Game of monopoly and musical chairs
integrityplus4us 8 months ago
The solution is buying gold and silver and never letting uncle sam steal it from you. As the gov defaults throught the printing press your debt is devalued and payed off with the pm's......I think....
jaingxu 8 months ago
Freedom is a state of mind. Many are enslaved by their own devices. The system works again and again because people will never learn from the mistakes of past generations-- because the system works in cycles, and perception can be manipulated.
My family granted me the 'gift of independence' because they came from people who were great examples of independent forefathers. Teaching these principles is NOT an academic exercise-- more like building a mudsack home in Texas.
carefulcarpenter 8 months ago
... I intended to teach some principles via my channel; and then I realized some truth in the whole matter: people must find their own way through life. Most prefer to live by trial and error-- the hard path-- which is a valid method of learning. Building anything, in any age, is rather similar: we NEVER listen to our parents. We would rather blow the whole thing up ourselves than to capitulate to the wisdom of the ages.
"Wildfire sadness brings wildflower gladness"
~~cc
I'll watch it burn.
carefulcarpenter 8 months ago
Well done, SCG.
chuska8383 8 months ago
The solution is to give the bankers the finger and default on the artificial "debt".
strawman007 8 months ago 22
@strawman007 Yep, let's default and go back to hard commodity money issued by private minters. Choice and competition are the cure for the Federal Reserve system's money/banking cartel.
joepeeler34 8 months ago
@joepeeler34 the banking cartel will adapt their game to manipulate hard commodity money. Think outside of the box.
carefulcarpenter 8 months ago
@strawman007 Look up Rod Class. /watch?v=Q3Cgaz8vo60
nextdimensions 8 months ago
If for every $1 printed there is $1 of debt, then the only way for the debt to ever get paid would be if every single person had exactly $0 and was dead broke.
ShoveTyranny 8 months ago
Book "Wealth of Nations" says no nation ever repaid its debts... 1776... in 1852 only one country paid off its debts and remained debt free for two years... America is the only country to ever repay its debts.
btigtime2 8 months ago
Nice job!!!
Powdermonkey99 8 months ago