we had to get off the gold standard during the depression to fight off deflation, which was destroying our economy. i think we're headed for the other extreme now
Gold-std that had been in place was a PHONY one as under it, govt could price-fix so govt & banks used to create more money (devalue, inflate & thereby steal people's purchasing-power).
It's important understand that under business-cycle deflation is preceded by inflationary boom which is caused by over-expansion of credit due to central-banking & fractional-reserve-banking so deflation is merely a "correction" to the earlier inflationary boom; that's where problem lies
The fact is - because the Fed directly controls the value of the dollar - they control how much tax I pay every year: that is TAXATION WITHOUT REPRESENTATION, and that is CLEARLY unconstitutional!
The so call jews(KHAZARS-ASHKENAZI) have brought destruction and economic chaos to the entire world with their fake money(Toilet paper).No wonder jesus call them impostors,fraud,liars,the Synagogue of satan(Rev 2:9,,3:9).
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
Read this important book for free on internet,here you have in detail their plan.
@cbasallie True, if production (the globe) remains stable. But with growing economies, there is an increase in the demand for exchange. Restraining the physical quantity of money (using a fractional quantity model) you rob people in a similar way as inflation. Instead of stealing buying power, you steal opportunity.
Money is a tool that ignites action, and restricting the amount of money restricts action. stifles investment & risk. It chokes an economy. Am I missing something? =/
@TheBalancedAmerican OK how about this example of my POV. A scale is balancing two commodities . A third component is the weight in the middle of the scale. Money/Gold is that weight. How much growth does there have to be in the commodities we are measuring, before the scale needs a larger weight?
I'm of the opinion that there is enough gold to suffice as a standard/measurement ... for the commodities which we are currently trading.
@cbasallie Hmmm...I like your example of the balance scale. But I see the two sides as production on the left side, and "means of exchange" on the right side. As the "weight" of output grows(expanding economy), balance(economic stability) is achieved by adding more money to the right-side of the scale. Of course, adding too much money also causes an imbalance ;)
I understand the attractions of a Gold Standard, but it seems inflexible. Of course, Keynesians are wrong also, imo =)
@TheBalancedAmerican OK . But I'm stuck on having this analogy of the scales as measuring commodities in a barter type system. I don't think economic stability can be weighed and balanced by forced equity. Balance of that sort inhibits growth. For example, a seed put in the ground doesn't equal the tree it produces. A dollar should compare the value of a seed to a tree. One tree = 1,000 seeds = $10.00 . If now we grow 400 trees do we need more dollars in circulation? I don't think we do
@cbasallie Your tree produces fruit, Your neighbor produces Cows. You must now make an exchange. Money made the exchanges easier and more efficient. As trade and commerce grew, the demand for money grew. Clay tablets, Tally sticks, paper notes, anything.
This is not really questionable. The only reasonable defense of a finite money supply inside of a growing economy is a negative fractional inflation model. Chopping the coins into ever smaller pieces. I can respectfully disagree =)
"As trade and commerce grew, the demand for money grew. Clay tablets, Tally sticks, paper notes, anything."
Yeah & that merely means that the purchasing-power of gold goes up & we don't have to "chop the coins", that's why silver was used as a secondary-currency as it's supply lies at 15-20 times that of gold. Not to mention, people don't need to carry coins everywhere, electronic transactions will still be available anyways
@tjtomkins The real debate is weather you believe that a growing economy needs a growing money supply. If you believe the latter than gold or silver are poor choices as currency. (1)The commodity places an artificial limit on the amount of currency in circulation which stifles investment and depresses prices.(2)Why tie up a valuable precious metal when it is better used in manufacturing.
If you believe the former, reviewing the severe recessions caused by a gold standard is prudent.
If the economy were a body, its bones would infrastructure, its muscles would be labor, its mind would be entrepreneurs, and its blood would be money. ;)
"OK how about this example of my POV. A scale is balancing two commodities . A third component is the weight in the middle of the scale. Money/Gold is that weight. How much growth does there have to be in the commodities we are measuring, before the scale needs a larger weight?
I'm of the opinion that there is enough gold to suffice as a standard/measurement ... for the commodities which we are currently trading"
@flybyradio Gold has little to do with a collapse of a financial system, which occurred often under a gold standard. The collapse is related to debt-based currency issued in the form of mortgages or other loans. No new "dollars" have been created, but the money supply has been increased. Banks artificially increase the money supply on deposits without increasing the money in their vault. So a financial collapse is mostly about Fractional Reserve Lending, not about gold ;)
@flybyradio Omg, almost forgot. Although gold doesn't evaporate physically, it's buying power fluctuates up and down depending on where investors place their faith. So in a way, it can evaporate. It can be manipulated just like any other asset. =)
@TheBalancedAmerican you're saying each piece of the pie gets smaller when consumers increase i. number...the pie being gold reserve..you're mistaken. look at degrees on a globe....360 is always the standard no matter how large or z
@cbasallie Hmm, not sure what your saying here. Rules-based monetary policy has nothing to do with the number of people in the system, and everything to do with productive output.
Money is a representation of productive output, so restricting the amount of money in a growing economy stifles growth. In an ideal world the value of money would remain constant, making savings and debt equally beneficial.
Rules-based monetary policy is a balance between Austrians and Keynesians =)
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people, to whomit properly belongs.
The supply of money does not matter at all, its the price of money or gold. an economy could be run on one ounce of could with everyone tracing in fractions of an ounce with debit cards if you had to. This myth peers perpetuated by the establishment to continually syphon wealth form the citizens. When the supply of money expands, wealth is transferred from the people currently holding dollars, tho the ones who get the newly printed money.
@flybyradio Wealth is siphoned by bankers by creating debt-based rapid inflation, followed by a rapid contraction of money. It is the manipulation of the currency that allows them to siphon. So, simply expanding money doesn't necessarily cause the transfer of wealth.
Inflation favors debt, Deflation favors savings. A healthy economy needs to eliminate both these advantages so that saving and risk can reach equilibrium. The goal is to have money accurately represent production.
You have to think a little bit byond the surface otherwise you won't turely understand the true relationship and intereaction between people, exchanging good and servies were the main and real things between people not money, money became an invention becasue people were ignorant to diliver those good and serives, for example i had rise to exchange it with fruits, but you didn't want rise, you wanted gold, then the coflict start, so money solve those problem, to be contiued...
it slove it for us to be free what we needed to buy at a given time, but then it has lost its purpose, what happened money itself became the main things, not those good and serives to be dilivered, and also there was another problem rised up again and that was one product became more valaube than the other, and there corruption starts, which it shouldn't have been, who can say a gold is more valauble than a water!, can that ever be trure?, if you say yes then you have choose product over life!
@ayobpala Money was needed for the economic evolution of human beings. The correct application of money is a marvelous thing. Without it, we could not have advanced as a species.
As far as your "value of products" point, don't ignore the different between objective value and subjective value. The value of art versus the value of an iPad.
Also, consider the value of quality. Products will have different values based on the quality of the product and efficiency of the production.
Go see the most detailed Truth in Human history. 3w, osunrise com. I was arrested by SWAT after doing my bank job: reporting FRAUD. 2 days after FBI filing.... SWAT arrest at home! I obtained ALL police forensics (audio/video/reports) and was astounded that it was done by Wells Fargo to DEFAME the fbi filing in this little town. Got the actual audio phone call of the conspiracy...posted! WarSite: 3w, (osunrise) com. That is for Operation Sunrise
The world revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif,February 8,1919
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
Some call it Marxism — I call it Judaism
Rabbi S.Wise,May 5,1935
Read this book for free on internet to understand the whole truth....WHO IS ESAU-EDOM
Man you got it all wrong on the surface yes you are right, but if you go a bit down than that, you will see money have not brought a natural developement, what has brought all those things, rare indivuales, like albret ensitan, nikolo telsa, edsion,and afew more who deducted themselve for the sake of humanity not money, if you had given all the money to ablert ensitan, he wouldn't excahnged it with his mind, so money only real to those who have nothing else to justifes oneself with it.
@ayobpala Tesla may have invented wi-fi technology, but it took the free market, and money, to make it available to almost everyone at very low cost. There is more to advancement than innovation, at some point you must also deliver the goods.
Money may be the root of all evil, but it is also the root of all good. Money is only a tool that humans use to interact with each other, exchange goods. How we manifest our world is up to us, not money.
--->> Ron Paul 2012 -- MONEY BOMB --- TODAY!! <<---- ronpaul2012 . com
Donate toward preserving the liberties which our government has grossly perverted since the founding of our nation. Help restore our rights and freedoms.
"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln
"The only thing necessary for the triumph of evil is for good men to do nothing" Edmund Burke
@IBloodSweatTears I agree money should be issued by government. It is logical and it follows article 1 section 8 of the constitution. I just don't believe government should have a monopoly on money either. The power should reside in the people. This is why Jefferson was an advocate of the gold standard. If government abuses it's paper issuing power the people can exchange the "gold receipts" for the actual gold.
@jneil2007 Hot dog, couldn't agree with every word of that more than I do now. If the people issued there own currency, we could eliminate the national debt among other things.
@jneil2007 You're right, the only thing worst than a private bank controlling money is having politicians control it.
I have entertained the idea of a publicly owned central bank. Where citizenship comes with a membership share in the corporation. This, coupled by a rules-based monetary framework, would allow "the people" to own the power of currency issuance, and avoid the pitfalls of Private Banks and Politicians. ;)
@TheBalancedAmerican Noble idea but dangerous in my view. We should just follow the constitution. Gold and silver legal tender and congress regulate it's value, with treasury I'm sure. A central bank in itself is too vertically integrated power in my book. It's no coincidence that a central bank is one of the key planks of the communist mannifesto.
@jneil2007 Gold seems insufficient as a currency model. What backs a currency doesn't matter, what matters is the quantity of currency. Commodity backed currency is an attractive idea because it places a natural limitation on the quantity of currency. However, this limitation can be bad medicine, as it was in Britain during the Great Depression.
A rules-based monetary model seems the most reasonable. The only other question is, debt-free government spending or publicly owned bonds?=)
@TheBalancedAmerican We grew this country's economy on a gold standard. You saw the money masters I can see. The fallacy about money is that you need an expanding money supply with an expanding economy. This isnt' true. If the total supply of money remains relatively flat, like a gold standard, and the economy grows, savings become worth more and your purchasing power increases. We saw prices cosistently lower over the industrial period until 1913 when we established the lender of last resort.
@jneil2007 You may want to review the history of recessions during the first 100 years. There were over a dozen recessions that were as bad or worse than the great depression.
There seems to be a lot of problems with a deflating money supply. Yes, it encourages saving, but you could also say it encourages hording, it stifles investment, reduces risk taking, and slowly chokes the economy.
Besides monetary policy, we should also look at the issue of fractional reserve lending. =)
@TheBalancedAmerican The panics were due to unethical lending practices. And we never had a depression like the 30's that was caused by the Fed. And fractional reserve lending if I am correct is what caused all the panics leading up to the formation of the federal reserve. The Fed just gave the banks risk free gambling bc if their debt pyramids fell apart the taxpayer would bail them out. I believe the national bank act put us on debt based money like what Still says in the money masters.
@jneil2007 There have been many recessions that rival the Great depression. The GD was made of two recessions, 1929(-26.7%GDP) and 1937(-18.2%)
Some recessions that resemble this contraction are: 1836(-32%), 1839(-34.3%), 1873(-33.6%), 1882(-32.8%), 1893(-37.3%), 1920(-38.1%), and many more. Indeed, the reason we have the current Fed System, is because the collapses happened so often. I seldom defend The Fed, but since their establishment, they have kept most recessions below -5% =/
@jneil2007 I agree that collapses in the financial system are due to unethical lending practices. But it is not some great conspiracy as Money Masters suggests, it was simply the evolution of modern finance, under the law, and under voluntary exchange.
Most bankers don't even understand what their doing. Fractional Reserve Lending looks like home mortgages and car loans on the surface, but the side effect is an artificial inflation of currency, regardless of a gold standard. =(
@TheBalancedAmerican They realize what they are doing. Just like the politicians spending our money into oblivion. It's not rocket science for bankers and politicians they know their policies are corrupt. What gold does though is it puts limits on how much money is created. If money is being inflated and people catch on they can go demand their gold back. And you agree with me on that a central bank encourages financial gambling bc they are there to bail out certain companies and banks.
@jneil2007 You're right, investment bankers and banking heads defiantly know the side effects of reserve lending, but I think you'd be surprised how many ordinary local bankers and brokers don't really understand that giving a car loan or a creditcard inflates the supply of money.
Most politicians do NOT understand monetary frameworks and debt-based currencies. Unless you are a member of the Banking Committee, you are not likely to "get it." =/
@jneil2007 I do agree with you that a private central bank, backed by the US government, encourages financial gambling. Bailouts encourage bad behavior.
The Fed system is like an insurance system. All banks give 10% of their cash to the regional reserve banks. If a bank fails, the others are suppose to bail it out. If they all fail, the Central Bank lends cheap money to the regional reserve. If the Fed doesn't have enough cash, it can print money, or buy government bonds =(
@TheBalancedAmerican Yea and we also have to remember that all the regional Fed banks are just owned by member banks of that district. Whether it's the south, midwest, northeast, ect. It is a disgrace though and in no way a free market. I talk to people about this isssue all the time and they think we should just restrict their power. That's like us getting rid of the congress and having a king. Then when he abuses power we say, "Oh well we need to just reform the role of the king!!!" Lol
and why Ron Paul is ostracized by the media...but we will vote him in without the media...we don't need no stinking media. We need a man with the integrity to actually run our country according to Constitution and the LAW!!! Restore America 2012 RON PAUL
GOLD BUGS ALWAYS SAY ONLY HONEST MONEY IS BETTER THAN FIAT MONEY. HOWEVER, THE GOLD BUGS NEVER INVESTIGATED THE HISTORY OF FIAT MONEY. BILL STILL'S DOCUMENTARY THE SECRET OF THE WIZARD OF OZ REVEALS THE TRUTH.
@rvrola Nobody is a gold bug. It has a much better track record that fiat money. Our founding fathers hated fiat money. Still just focuses on the fact that it worked temporarily. Especially since the industrial revolution gold is king. Bill Still shows gold coins that failed in empires ruled by kings. In a free society gold is the way to go. Remember FDR couldn't have had his new deal without confiscating Americans gold.
BILL STILL'S THE SECRET OF THE WIZARD OF OZ AND LYNDON LAROUCHE SCIENTIFIC AND PHYSICAL AGGREGATES REAL ECONOMY IS THE SOLUTION NOT THIS GOLD BUG TRICK MECHANISM WHICH IS ANOTHER FORM OF CONTROL BY THE 1% OVER THE 99%.
To me it seems that you don't want the value of money to increase OR decrease. Essentially, we should increase the money supply at the same rate of economic growth. Milton Friedman's k-percent rule would be one example of a rules-based monetary system.
Going back to the gold standard would be a disaster, and would give even more power to central bankers, who possess all the gold. Deflation is what caused the Great Depression and returning to the gold standard would cause deflation.
@H1TMANactual The Austrians are partially correct. The depression was caused by a sharp monetary expansion, followed by a sharp monetary contraction. Both were caused by a bumbling Federal Reserve.
The most recent bubble was aided by a similar expansion of the money supply, only this time, the Fed pumped trillions back into banks to prevent the sharp contraction that caused the Depression. They essentially tried to monetize all the bad debt.
@TheBalancedAmerican Deflation didn't cause the Great Depression, it was a symptom of it. An expansion of credit, i.e a deviation from the gold standard caused the artificial boom that made the depression necessary. Ever hear of the roaring 20's?
By the way we had deflation (falling prices, which isn't really the true definition of deflation) for the first 100 years of this country(besides wartime), which coincided with our period of most rapid growth.
@flybyradio You're partially accurate, but inflation alone was not enough to cause the depression. During the 1920's banks inflated the money supply with fractional reserve lending. When the bubble popped and banks began to fail, the process worked backwards. Instead of banks creating money, they were destroying it. Failing banks destroyed 30% of the money supply and the deflation resulted in the Depression.
In 2008, the Fed prevented the same calamity by pumping trillions in banks.
@flybyradio As far as you second point, you need to better understand how money works in order to see why your point in invalid today.
Money is a unit of production(wealth), so as an economy expands so must the supply of money which represents total production. As western economies grew, the supply of gold became insufficient as a backing. Instead of it providing sound money, it throttled growth and recovery. A great example of this was Britain during the Great Depression.
@TheBalancedAmerican You don't have to bring Milton Friedman into this to know that returning to the gold standard is inane. It simply makes zero sense to tether a finite resource to an infinite growth economy. And when Winston Churchill returned the UK to the gold standard in the the early 20th century, it decimated their economy, and Winston Churchill later said that it was the biggest mistake of his career.
The only thing I disagree with this film on is that Morgan was not the most powerful banker. The Rothschilds and other European banking heads had him beat. So how is the government supposed to decide how much money is in circulation based the amount of gold. Or are the people supposed to buy gold themselves and get the government to issue the notes to circulate?
It's just as easy to control and manipulate the value of gold as a fiat currency. If you don't believe me ask people who bought gold in 1980 how they're doing.
@nerfmyaccount They are actually not that bad off even if they did buy at $700 an ounce! That spike in the late seventies was an inflationary fear driven bubble after the collapse of Bretton Woods!
@nerfmyaccount Your missing the big picture! IT should be americans printing their own money, or handling their own gold..... not.having a mysterious private company doing it that is run by anti-american globalist, who also own the media and run the white house
@silentsnowdog but that was my point. a fiat currency isn't necessary evil. in fact, it's an important part of a nations sovereignty, you might control gold mines in russia but we here in the united states dont give a shit because we give our currency our own controlled value. the government and the fed are corrupt, but a true democratic nation could make effective use of a fiat currency that facilitates exchange not enrich banking cartels.
@zatorith Most the bankers are zionist jews, but the rothschilds interestingly enough are nature worshippers. There's a video of david rothschild on you tube and he is not a zionists jew, although oddly enough it was his family that founded israel. Guess their using the zionists.......but the point is they shouldnt be the ones in control of america's money supply....no fuckin way
Vote for a candidate that stands for liberty, freedom, and a fight against increasing state tyranny! A candidate that has been consistent in their beliefs for dozens of years.
A candidate whom has always argued against the fed, and predicted its negative outcomes.
Vote up and spread the message, support real change.
@IBloodSweatTears Well some of the explanations it gave were backed up by Supply and demande theories or other such neoliberal ideas. That's kind of biased but it's hard not to be.
This age old crime should unite true Christians, Muslims, Jews AND the occupy movement. However the elite in power is successfully keeping the people divided...
For those interested in a (Christian) religious view on this matter: "conquering the Spirit of Debt" by Rod Parsley.
United we stand, divided we fall. I hope one day we will overcome.
People who advocate to return to the gold standard feel the market (ie individuals who hold serious amounts of gold) are better able to control the amount of money in the system. People (like Bill Still) believe that it is better for electable people to control the amount the amount of money (inflation). The real question is whether you believe in true democracy or not.
The current FED is clearly undemocratic. It are the big bank on wall street (with the excessive rewards who rule the FED.
Governments have printed debt free money based on population sucessfully many times in history. Banking is good for creating the super-rich, financing war, causing poverty, AND NOTHING ELSE! The souloution is simple, save for the mis-information that hypnotises people into self inflicted slavery.
Duke of Anarachy, would you like to play out your step-by-step scenario upon elimination of the Federal Reserve? Because I find the ensuing economic models troubling under everything but a "rapture" scenario.
PEOPLE NEED TO SWITCH PARTIES 12 WEEKS PRIOR TO THE PRIMARIES OF MOST STATES.
IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.
IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !
WE NEED EVERY LAST VOTE ! Copy and paste this everywhere! Thumbs up
If governments should have intervened to ban private Federal reserve banking? That would be nothing but a vicious, violent violation of private freedom!Whether inflation occurs depends on many factors. An influx of money via a capital account could cause inflation too, just because something might be inflationary is no argument for banning it. If it were, then all internatational capital account movements would be immoral, because they might be inflationary.
The FED is not really private. If it was, it would have only private powers, meaning, that we could ALL just do the same and print money.
Inflation is simply the increase in the supply of money (or shortages of goods). Thus even a gold standard would have minimal inflation since new gold is being mined, but other then that all other inflation is created through state sanctioned fraud.
@Illyrien banks cause inflation, not "an increase in money supply"
moneys "created"(conception) with a falsified debt attached to it so the banks are always stealing circulation(interest owed to them) but that interest was never issued into circulation, circulations comprised of some principle at most.
banks intervene, misrepresent our promissory obligations into debts owed to itself, short circulation, and cause price inflation... all for publishing evidence of our promissory oblilgations
An increase in the money supply is inflation. The basic process is called Fractional Reserve Banking, although there is a limit to how much the banks concentrate, this is where central banks come in and removes all limitations.
Printing Presses. Print your own cash. Go to jail. Own a bank and print untold trillions, then loan it out to collect obscene profits on the interest? Why that's the American way!
Response:
banks don't print money, the federal reserve does...and they don't just do it all the time, they charge the banks a higher discount rate to print money for them when they can't back up loans via reserves...this picture is just stupid
PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.
IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.
IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.
IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !
WE NEED EVERY LAST VOTE ! Copy & paste this everywhere and THUMBS UP!
Back in the day, paper money was a federal reserve note equal to the value of gold held in Fort Knots and when a silver dollar was made of real silver and worth the value of that silver dollar, a whole dollar. What's happened since has turned into a government of greedy politicians and what we use to call civil servants. We work for them now and their high salaries and short term high paying retirements. Most politicians were once lawyers and we all know what they are known for! Blood Suckers!
Just a video I randomly found by searching "money." I am very educated on this topic, but still I learned a lot from this film. Well worth the 42 minutes.
The rigid ideology of Ron Paul and the producers of this video would immediately bring about the disappearance of credit, a run on the banks, and the crash of our financial system, grinding our economy to a screeching halt. If you want a "Mad Max" world of guns and gold, this video is for you.
@dreschp Since you don't give any clue to what theory your utterly wrong assertions are based on, I'll just reply with some basic corrections.
Ron Paul's monetary policy is to end the Federal Reserve, preventing the organized inflation of money and credit unmatched by real savings. Such inflation redistributes wealth from the working class to the state and the bankers; additionally, by distorting the market interest rate it leads to malinvestment and the boom-bust cycle.
The effects of inflationary policy have not only done great harm directly, but (because most people, like yourself, are ignorant of the real causes and solutions) have discredited capitalism in the eyes of the people.
Restoring a free market money supply will promote steady capital accumulation and output growth. With no moral hazard from deposit insurance or bailouts, the banks will be subject to the most effective regulator ever known - the free market.
i always have a rule for the White House and uh, Clarence can probably vouch for this for decades. ''Dont comment on the Federal Reserve.''
- ROBERT GIBBS. press secretary for the White House
You see...the politicians know what's going on. They're paid and threatened into silence. You know, the carrot or the stick. Take a bribe or get shot. Obama collecting bribes or Kennedy getting a bullet.
The Federal Reserve Bank is Jewish-owned Rothschild Banks of London and Berlin . Lazard Brothers Banks of Paris Israel Moses Seif Banks of Italy Warburg Bank of Hamburg and Amsterdam Lehman Brothers of NY (bankrupt) Kuhn, Loeb Bank of NY (Now Shearson American Express) Goldman, Sachs of NY . National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders) Hanover Trust of NY etc etc
@nowfabien he only said that Jews are special people because you are still his children! He knows Jews are different. There is no other way of explaining why Jews always throughout history have always been on top of a society and controlled it before they were expelled. We just have this conception that the only time was in Europe in WW2, but that was just the biggest systematic expulsion history has seen. Now Jews UNDOUBTEDLY took over the world. Banks, big business, media all owned by Jews...
To learn the truth about the Federal Reserve, watch the Corporation Nation series with Clint Richardson. He proves the Fed actually is audited EVERY year. They even publish the audit in their ANNUAL FINANCIAL REPORT (CAFR) on their website.
I agree with ron paul but I won't vote for him. Man being in charge of man becuase man voted for man to run mans life and can be impeached by man if the majority of man finds him unlawful. It just sounds like stupid circular logic to me.
There's a media deception being launched against the masses
The ''anti-cop'' protest is fabricated by the Media in order to OVERSHADOW the real END THE FED movement and discredit protesters by depicting them as ''hippies'';
It's not about cops
Don't let these people usurp and redefine the real message
Go viral on ''anti-cop'' boards with the REAL message
Abolish OR audit the Federal Reserve by petitioning the Obama Administration. Here is the official petition at Whitehouse. gov: [wh .gov/bC0]. Be American; embrace democracy.
@HelpFeedThePoor The only gold is money part isn't true. Otherwise yes, they are printing money and giving it to governments to then use it as currency while charging the country (or the taxpayers) interest on what they have printed them. It is obviously the best kept secret of all time because I feel that if the people of the world knew the truth bad things would happen to these men in charge. They have been doing this for 100's of years. Almost 100 years now in America. Never ending debt.
@HelpFeedThePoor Look up what Lincoln did during the civil war. Or how they funded the revolutionary war. They just printed their own money and called it money, whether it's silver/gold/paper.
The FED must go. Ron Paul 2012.
JudithCorey 6 hours ago
we had to get off the gold standard during the depression to fight off deflation, which was destroying our economy. i think we're headed for the other extreme now
beats299 5 days ago
@beats299
Gold-std that had been in place was a PHONY one as under it, govt could price-fix so govt & banks used to create more money (devalue, inflate & thereby steal people's purchasing-power).
It's important understand that under business-cycle deflation is preceded by inflationary boom which is caused by over-expansion of credit due to central-banking & fractional-reserve-banking so deflation is merely a "correction" to the earlier inflationary boom; that's where problem lies
tjtomkins 4 days ago in playlist MONEY BANKING AND THE FEDERAL RESERVE
This has been flagged as spam show
The fact is - because the Fed directly controls the value of the dollar - they control how much tax I pay every year: that is TAXATION WITHOUT REPRESENTATION, and that is CLEARLY unconstitutional!
lastdaysguitar 5 days ago
How can one live without anger trying to own your own is made illegal in this country..they tricked up a scheme to enslave.
edisonoside 5 days ago
This has been flagged as spam show
The so call jews(KHAZARS-ASHKENAZI) have brought destruction and economic chaos to the entire world with their fake money(Toilet paper).No wonder jesus call them impostors,fraud,liars,the Synagogue of satan(Rev 2:9,,3:9).
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
Read this important book for free on internet,here you have in detail their plan.
Who Is Esau-Edom,,,Who is Esau-Edom
goldberg823 1 week ago
@TheBalancedAmerican i mean to say that a measurement can remain fixed as values change
cbasallie 1 week ago
@cbasallie True, if production (the globe) remains stable. But with growing economies, there is an increase in the demand for exchange. Restraining the physical quantity of money (using a fractional quantity model) you rob people in a similar way as inflation. Instead of stealing buying power, you steal opportunity.
Money is a tool that ignites action, and restricting the amount of money restricts action. stifles investment & risk. It chokes an economy. Am I missing something? =/
TheBalancedAmerican 1 week ago
@TheBalancedAmerican OK how about this example of my POV. A scale is balancing two commodities . A third component is the weight in the middle of the scale. Money/Gold is that weight. How much growth does there have to be in the commodities we are measuring, before the scale needs a larger weight?
I'm of the opinion that there is enough gold to suffice as a standard/measurement ... for the commodities which we are currently trading.
Can you see where I'm coming from?
cbasallie 6 days ago
@cbasallie Hmmm...I like your example of the balance scale. But I see the two sides as production on the left side, and "means of exchange" on the right side. As the "weight" of output grows(expanding economy), balance(economic stability) is achieved by adding more money to the right-side of the scale. Of course, adding too much money also causes an imbalance ;)
I understand the attractions of a Gold Standard, but it seems inflexible. Of course, Keynesians are wrong also, imo =)
TheBalancedAmerican 6 days ago
@TheBalancedAmerican OK . But I'm stuck on having this analogy of the scales as measuring commodities in a barter type system. I don't think economic stability can be weighed and balanced by forced equity. Balance of that sort inhibits growth. For example, a seed put in the ground doesn't equal the tree it produces. A dollar should compare the value of a seed to a tree. One tree = 1,000 seeds = $10.00 . If now we grow 400 trees do we need more dollars in circulation? I don't think we do
cbasallie 6 days ago
@cbasallie Your tree produces fruit, Your neighbor produces Cows. You must now make an exchange. Money made the exchanges easier and more efficient. As trade and commerce grew, the demand for money grew. Clay tablets, Tally sticks, paper notes, anything.
This is not really questionable. The only reasonable defense of a finite money supply inside of a growing economy is a negative fractional inflation model. Chopping the coins into ever smaller pieces. I can respectfully disagree =)
TheBalancedAmerican 6 days ago
@TheBalancedAmerican
"As trade and commerce grew, the demand for money grew. Clay tablets, Tally sticks, paper notes, anything."
Yeah & that merely means that the purchasing-power of gold goes up & we don't have to "chop the coins", that's why silver was used as a secondary-currency as it's supply lies at 15-20 times that of gold. Not to mention, people don't need to carry coins everywhere, electronic transactions will still be available anyways
tjtomkins 4 days ago in playlist MONEY BANKING AND THE FEDERAL RESERVE
@tjtomkins The real debate is weather you believe that a growing economy needs a growing money supply. If you believe the latter than gold or silver are poor choices as currency. (1)The commodity places an artificial limit on the amount of currency in circulation which stifles investment and depresses prices.(2)Why tie up a valuable precious metal when it is better used in manufacturing.
If you believe the former, reviewing the severe recessions caused by a gold standard is prudent.
TheBalancedAmerican 1 day ago
If the economy were a body, its bones would infrastructure, its muscles would be labor, its mind would be entrepreneurs, and its blood would be money. ;)
TheBalancedAmerican 6 days ago 3
@TheBalancedAmerican OK that analogy is lost on me. It's food for thought though...... I'll have to mull it over for a while.
cbasallie 5 days ago
This has been flagged as spam show
@cbasallie
"OK how about this example of my POV. A scale is balancing two commodities . A third component is the weight in the middle of the scale. Money/Gold is that weight. How much growth does there have to be in the commodities we are measuring, before the scale needs a larger weight?
I'm of the opinion that there is enough gold to suffice as a standard/measurement ... for the commodities which we are currently trading"
NICE EXEMPLIFICATION :)
tjtomkins 4 days ago in playlist MONEY BANKING AND THE FEDERAL RESERVE
I've never seen gold evaporate. Sounds to met you would like a gold standard. Historically the supply grows around 2% per year.
flybyradio 1 week ago
@flybyradio Gold has little to do with a collapse of a financial system, which occurred often under a gold standard. The collapse is related to debt-based currency issued in the form of mortgages or other loans. No new "dollars" have been created, but the money supply has been increased. Banks artificially increase the money supply on deposits without increasing the money in their vault. So a financial collapse is mostly about Fractional Reserve Lending, not about gold ;)
TheBalancedAmerican 1 week ago
@flybyradio Omg, almost forgot. Although gold doesn't evaporate physically, it's buying power fluctuates up and down depending on where investors place their faith. So in a way, it can evaporate. It can be manipulated just like any other asset. =)
TheBalancedAmerican 1 week ago
Ron Paul is the people's real choice
check out
/watch?v=QzeH28IhojY
.............
cbasallie 1 week ago
@TheBalancedAmerican you're saying each piece of the pie gets smaller when consumers increase i. number...the pie being gold reserve..you're mistaken. look at degrees on a globe....360 is always the standard no matter how large or z
cbasallie 1 week ago
@cbasallie Hmm, not sure what your saying here. Rules-based monetary policy has nothing to do with the number of people in the system, and everything to do with productive output.
Money is a representation of productive output, so restricting the amount of money in a growing economy stifles growth. In an ideal world the value of money would remain constant, making savings and debt equally beneficial.
Rules-based monetary policy is a balance between Austrians and Keynesians =)
TheBalancedAmerican 1 week ago
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people, to whomit properly belongs.
PlanetDip 1 week ago
The supply of money does not matter at all, its the price of money or gold. an economy could be run on one ounce of could with everyone tracing in fractions of an ounce with debit cards if you had to. This myth peers perpetuated by the establishment to continually syphon wealth form the citizens. When the supply of money expands, wealth is transferred from the people currently holding dollars, tho the ones who get the newly printed money.
flybyradio 1 week ago
@flybyradio Wealth is siphoned by bankers by creating debt-based rapid inflation, followed by a rapid contraction of money. It is the manipulation of the currency that allows them to siphon. So, simply expanding money doesn't necessarily cause the transfer of wealth.
Inflation favors debt, Deflation favors savings. A healthy economy needs to eliminate both these advantages so that saving and risk can reach equilibrium. The goal is to have money accurately represent production.
TheBalancedAmerican 1 week ago
This has been flagged as spam show
The Fed is a Jewish ponzi scheme. Jews can't make their money honestly. The evil long schnozed kikes have to get their gains through usury.
Friedstuffsable 1 week ago
This has been flagged as spam show
You have to think a little bit byond the surface otherwise you won't turely understand the true relationship and intereaction between people, exchanging good and servies were the main and real things between people not money, money became an invention becasue people were ignorant to diliver those good and serives, for example i had rise to exchange it with fruits, but you didn't want rise, you wanted gold, then the coflict start, so money solve those problem, to be contiued...
ayobpala 1 week ago
it slove it for us to be free what we needed to buy at a given time, but then it has lost its purpose, what happened money itself became the main things, not those good and serives to be dilivered, and also there was another problem rised up again and that was one product became more valaube than the other, and there corruption starts, which it shouldn't have been, who can say a gold is more valauble than a water!, can that ever be trure?, if you say yes then you have choose product over life!
ayobpala 1 week ago
@ayobpala Money was needed for the economic evolution of human beings. The correct application of money is a marvelous thing. Without it, we could not have advanced as a species.
As far as your "value of products" point, don't ignore the different between objective value and subjective value. The value of art versus the value of an iPad.
Also, consider the value of quality. Products will have different values based on the quality of the product and efficiency of the production.
TheBalancedAmerican 1 week ago
Comment removed
ayobpala 1 week ago
Go see the most detailed Truth in Human history. 3w, osunrise com. I was arrested by SWAT after doing my bank job: reporting FRAUD. 2 days after FBI filing.... SWAT arrest at home! I obtained ALL police forensics (audio/video/reports) and was astounded that it was done by Wells Fargo to DEFAME the fbi filing in this little town. Got the actual audio phone call of the conspiracy...posted! WarSite: 3w, (osunrise) com. That is for Operation Sunrise
fightfeces 1 week ago
This has been flagged as spam show
The world revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people
Le Peuple Juif,February 8,1919
We have exterminated the property owners in Russia.We are going to do the same thing in Europe and America
The Jew,December 1925,Zinobit
Some call it Marxism — I call it Judaism
Rabbi S.Wise,May 5,1935
Read this book for free on internet to understand the whole truth....WHO IS ESAU-EDOM
goldberg823 1 week ago
The love of money is the cause of evil because some people will do anything to get it such as the scam insurance companies.
insurancegame 1 week ago
Man you got it all wrong on the surface yes you are right, but if you go a bit down than that, you will see money have not brought a natural developement, what has brought all those things, rare indivuales, like albret ensitan, nikolo telsa, edsion,and afew more who deducted themselve for the sake of humanity not money, if you had given all the money to ablert ensitan, he wouldn't excahnged it with his mind, so money only real to those who have nothing else to justifes oneself with it.
ayobpala 1 week ago
@ayobpala Tesla may have invented wi-fi technology, but it took the free market, and money, to make it available to almost everyone at very low cost. There is more to advancement than innovation, at some point you must also deliver the goods.
Money may be the root of all evil, but it is also the root of all good. Money is only a tool that humans use to interact with each other, exchange goods. How we manifest our world is up to us, not money.
TheBalancedAmerican 1 week ago 2
This is a poem truly states what is money, here is a questions, is it money or money have exposed us, or money have distorted us complelety?.
so read it all and see the reflection of it inside yourself. don't answer me am not interested!, just see the truth of it for yourself. so read it all
ayobpala 1 week ago
Oh, Money, Oh, Money you have Bitched Everybody!
you have undressed, striped and naked Everybody! Distorted, confused, and lost everybody!
You have Depressed, Feared, Scared Everybody!
You weakened, cheapen, emptied everybody
And You have made Everyone into an Object to be bought and sold in the market place like a Potatoes!
Oh, Money, you have truly bitched and will continuously Bitching Everybody
ayobpala 1 week ago
@ayobpala
Oh, Money, you were a natural development of human history!
Oh, Money, how you facilitate trade and make exchange efficient!
Oh, Money, how your investment produces technical advancement!
Oh, Money, how you have delivered amazing communication and logistics at low cost!
Oh, Money, how your application has ushered in the modern world!
Sorry, couldn't resist, but you may want to moderate your preservative a bit. Money may be what you say, but it is also what I say. =)
TheBalancedAmerican 1 week ago
You have Created Religion to worship you, Laws to Protect you, Politics to Vote you, Philosophy discussing constantly the Importance of you,
Businesses to competes you, Psychology to fuels and Motivates you,
Science to Discover and find an Easy way to Get to you,
Arts to Entertains you and Fools out there of course to Acquisit you!
You have made Babies Crawl for you, Children Walk to you,
Adults Running after you and Old Cherish and Hold on to you!
ayobpala 1 week ago
Oh, Money, you have Narrowed, Limited and Blinded Everybody!
You have turned The Reality into Illusions, Illusions into Realities, Lies into the Truth, Truth into the Lies!
Fools into Rich Heroes and Heroes into the Fools,
Oh, Money Basically without any Exceptions you Have Turned, Played, Danced ,Bend and Fucked Everybody!
Oh Money, Except Death which Smiles at you, you have Mocked and Laughed at Everybody!
ayobpala 1 week ago
Comment removed
ayobpala 1 week ago
Well should be focusing on fiscal policy, commerce, industry, human resources, and productivity
Using architecture, semiconductors, manufacturing as well
Even Space Exploration under the right leadership
Materials Science with a higher quality of living rating
rhersh2011 2 weeks ago
There's a lot of bias and intentional misleading statements in this vid. If you want to be well rounded, please pick up a textbook.
dawhooper69 2 weeks ago
This has been flagged as spam show
--->> Ron Paul 2012 -- MONEY BOMB --- TODAY!! <<---- ronpaul2012 . com
Donate toward preserving the liberties which our government has grossly perverted since the founding of our nation. Help restore our rights and freedoms.
"America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves." Abraham Lincoln
"The only thing necessary for the triumph of evil is for good men to do nothing" Edmund Burke
ronpaul2012hope 2 weeks ago
They are only telling you half of equation. As banks can create money, the money multiplier effect also works in reverse when loans are paid back.
H1TMANactual 2 weeks ago
As well as manufacturing
rhersh2011 2 weeks ago
Commerce, Fiscal Policy, Leadership, and Human Resources
As well as opportunity for higher quality of living and direction in Architecture and Space Exploration to restore American Exceptionalism
rhersh2011 2 weeks ago
"Perfect freedom is as necessary to the health and vigor of commerce as it is to the health and vigor of citizenship"
Patrick Henry
rhersh2011 2 weeks ago 2
This has been flagged as spam show
"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them"
Patrick Henry
rhersh2011 2 weeks ago
Makes some arguments about the Constitution
Need as well leadership in Human Resources Fiscal Policy
Especially with unemployment
Could have Wave, Tidal Energy as well as Fuel Cells
Manufacturing in this country as well as to help out the Auto Industry and future of Air Travel
Scientific Research
rhersh2011 2 weeks ago
Heard a lot about Federal Reserve, Citi, Bank of America, Chase
Wells Fargo now as well controversial
Some say Fiat Money others say Gold Silver
Hamilton, Benjamin Franklin, as well as FDR really influential
Focusing on manufacturing, human resources, engineering, as well as Space Exploration
Scientific Research as well
Need the right leadership to improve quality of living as well as fiscal policy
rhersh2011 2 weeks ago
This and fiat empire are the best films on the Fed.
jneil2007 2 weeks ago
This has been flagged as spam show
Nice video. On my channel you'll find other very interesting videos
MrBecomingRich 2 weeks ago
Fiat money is a cancer.
jneil2007 2 weeks ago
@jneil2007 But money controlled by a private profiteering group is even worse.
IBloodSweatTears 2 weeks ago
@IBloodSweatTears I agree money should be issued by government. It is logical and it follows article 1 section 8 of the constitution. I just don't believe government should have a monopoly on money either. The power should reside in the people. This is why Jefferson was an advocate of the gold standard. If government abuses it's paper issuing power the people can exchange the "gold receipts" for the actual gold.
jneil2007 2 weeks ago
@jneil2007 Hot dog, couldn't agree with every word of that more than I do now. If the people issued there own currency, we could eliminate the national debt among other things.
IBloodSweatTears 2 weeks ago
@jneil2007 You're right, the only thing worst than a private bank controlling money is having politicians control it.
I have entertained the idea of a publicly owned central bank. Where citizenship comes with a membership share in the corporation. This, coupled by a rules-based monetary framework, would allow "the people" to own the power of currency issuance, and avoid the pitfalls of Private Banks and Politicians. ;)
TheBalancedAmerican 1 week ago
@TheBalancedAmerican Noble idea but dangerous in my view. We should just follow the constitution. Gold and silver legal tender and congress regulate it's value, with treasury I'm sure. A central bank in itself is too vertically integrated power in my book. It's no coincidence that a central bank is one of the key planks of the communist mannifesto.
jneil2007 1 week ago
@jneil2007 Gold seems insufficient as a currency model. What backs a currency doesn't matter, what matters is the quantity of currency. Commodity backed currency is an attractive idea because it places a natural limitation on the quantity of currency. However, this limitation can be bad medicine, as it was in Britain during the Great Depression.
A rules-based monetary model seems the most reasonable. The only other question is, debt-free government spending or publicly owned bonds?=)
TheBalancedAmerican 1 week ago
@TheBalancedAmerican We grew this country's economy on a gold standard. You saw the money masters I can see. The fallacy about money is that you need an expanding money supply with an expanding economy. This isnt' true. If the total supply of money remains relatively flat, like a gold standard, and the economy grows, savings become worth more and your purchasing power increases. We saw prices cosistently lower over the industrial period until 1913 when we established the lender of last resort.
jneil2007 1 week ago
@jneil2007 You may want to review the history of recessions during the first 100 years. There were over a dozen recessions that were as bad or worse than the great depression.
There seems to be a lot of problems with a deflating money supply. Yes, it encourages saving, but you could also say it encourages hording, it stifles investment, reduces risk taking, and slowly chokes the economy.
Besides monetary policy, we should also look at the issue of fractional reserve lending. =)
TheBalancedAmerican 1 week ago
@TheBalancedAmerican The panics were due to unethical lending practices. And we never had a depression like the 30's that was caused by the Fed. And fractional reserve lending if I am correct is what caused all the panics leading up to the formation of the federal reserve. The Fed just gave the banks risk free gambling bc if their debt pyramids fell apart the taxpayer would bail them out. I believe the national bank act put us on debt based money like what Still says in the money masters.
jneil2007 1 week ago
@jneil2007 There have been many recessions that rival the Great depression. The GD was made of two recessions, 1929(-26.7%GDP) and 1937(-18.2%)
Some recessions that resemble this contraction are: 1836(-32%), 1839(-34.3%), 1873(-33.6%), 1882(-32.8%), 1893(-37.3%), 1920(-38.1%), and many more. Indeed, the reason we have the current Fed System, is because the collapses happened so often. I seldom defend The Fed, but since their establishment, they have kept most recessions below -5% =/
TheBalancedAmerican 1 week ago
@jneil2007 I agree that collapses in the financial system are due to unethical lending practices. But it is not some great conspiracy as Money Masters suggests, it was simply the evolution of modern finance, under the law, and under voluntary exchange.
Most bankers don't even understand what their doing. Fractional Reserve Lending looks like home mortgages and car loans on the surface, but the side effect is an artificial inflation of currency, regardless of a gold standard. =(
TheBalancedAmerican 1 week ago
@TheBalancedAmerican They realize what they are doing. Just like the politicians spending our money into oblivion. It's not rocket science for bankers and politicians they know their policies are corrupt. What gold does though is it puts limits on how much money is created. If money is being inflated and people catch on they can go demand their gold back. And you agree with me on that a central bank encourages financial gambling bc they are there to bail out certain companies and banks.
jneil2007 6 days ago
@jneil2007 You're right, investment bankers and banking heads defiantly know the side effects of reserve lending, but I think you'd be surprised how many ordinary local bankers and brokers don't really understand that giving a car loan or a creditcard inflates the supply of money.
Most politicians do NOT understand monetary frameworks and debt-based currencies. Unless you are a member of the Banking Committee, you are not likely to "get it." =/
Only nerds like us are interested ;)
TheBalancedAmerican 1 day ago
@jneil2007 I do agree with you that a private central bank, backed by the US government, encourages financial gambling. Bailouts encourage bad behavior.
The Fed system is like an insurance system. All banks give 10% of their cash to the regional reserve banks. If a bank fails, the others are suppose to bail it out. If they all fail, the Central Bank lends cheap money to the regional reserve. If the Fed doesn't have enough cash, it can print money, or buy government bonds =(
TheBalancedAmerican 1 day ago
@TheBalancedAmerican Yea and we also have to remember that all the regional Fed banks are just owned by member banks of that district. Whether it's the south, midwest, northeast, ect. It is a disgrace though and in no way a free market. I talk to people about this isssue all the time and they think we should just restrict their power. That's like us getting rid of the congress and having a king. Then when he abuses power we say, "Oh well we need to just reform the role of the king!!!" Lol
jneil2007 1 day ago
@TheBalancedAmerican Wow, I didn't know you could own people so well.
DesecrateConformity 1 week ago
This has been flagged as spam show
Perry 2012
9th and 10th Amendments
Consistent Conservative
With sound Fiscal Policy
rhersh2011 2 weeks ago
Fiat Money as well
rhersh2011 2 weeks ago
This has been flagged as spam show
Actuaries, Annuities, Accounting
Sub Prime Mortgage, Capital Gains
Human Resources= Fiscal Policy
Manufacturing, Semiconductors, Biosciences, and Material Sciences
rhersh2011 2 weeks ago
Actually seems that Perry has sound fiscal policy
Under Perry's leadership would utizilize Human Resources as well as the Manufacturing issue
rhersh2011 2 weeks ago
Gold is good for securing your assets and for transition and alternative currencies.
The problem greedy people controlling money supply.. get rid of the Fed.
jsgdk 2 weeks ago
This has been flagged as spam show
Audit the Federal Reserve HR 459 & S 202
and why Ron Paul is ostracized by the media...but we will vote him in without the media...we don't need no stinking media. We need a man with the integrity to actually run our country according to Constitution and the LAW!!! Restore America 2012 RON PAUL
1we7the8people6 2 weeks ago
GOLD BUGS ALWAYS SAY ONLY HONEST MONEY IS BETTER THAN FIAT MONEY. HOWEVER, THE GOLD BUGS NEVER INVESTIGATED THE HISTORY OF FIAT MONEY. BILL STILL'S DOCUMENTARY THE SECRET OF THE WIZARD OF OZ REVEALS THE TRUTH.
rvrola 2 weeks ago in playlist THE TRUE ISSUES
@rvrola Nobody is a gold bug. It has a much better track record that fiat money. Our founding fathers hated fiat money. Still just focuses on the fact that it worked temporarily. Especially since the industrial revolution gold is king. Bill Still shows gold coins that failed in empires ruled by kings. In a free society gold is the way to go. Remember FDR couldn't have had his new deal without confiscating Americans gold.
jneil2007 2 weeks ago
@rvrola The Money Masters is great aswell...
IBloodSweatTears 2 weeks ago
BILL STILL'S THE SECRET OF THE WIZARD OF OZ AND LYNDON LAROUCHE SCIENTIFIC AND PHYSICAL AGGREGATES REAL ECONOMY IS THE SOLUTION NOT THIS GOLD BUG TRICK MECHANISM WHICH IS ANOTHER FORM OF CONTROL BY THE 1% OVER THE 99%.
rvrola 2 weeks ago in playlist THE TRUE ISSUES
New Deal with the Social Security after the Stock Market Crash
A lot of people are saying that Ron Paul would be the best for fiscal policy and lead the country for the last four years since 2008
Alexander Hamilton very influential as well
Common Sense as well
rhersh2011 3 weeks ago
More freedom less government
When FDR, JFK was in office much more opportunities utilized Human Resources more effectively
With Logic, Ethics, sound fiscal policy
rhersh2011 3 weeks ago
Should be about Merit not about Politics Aristotle even said that
Math, Science, and Engineering
rhersh2011 3 weeks ago
As well as biosciences and the manufacturing issue
rhersh2011 3 weeks ago
Our Country Deserve Better PAC
E Pluribus Unum
Which allowed the United States to reach the moon with Apollo 11 and hopefully reach Mars with the Rover
rhersh2011 3 weeks ago
To me it seems that you don't want the value of money to increase OR decrease. Essentially, we should increase the money supply at the same rate of economic growth. Milton Friedman's k-percent rule would be one example of a rules-based monetary system.
Going back to the gold standard would be a disaster, and would give even more power to central bankers, who possess all the gold. Deflation is what caused the Great Depression and returning to the gold standard would cause deflation.
TheBalancedAmerican 3 weeks ago 8
@TheBalancedAmerican Tell that to the Austrians. According to Rothbard it was monetary expansion that caused the Great Depression.
H1TMANactual 2 weeks ago
@H1TMANactual The Austrians are partially correct. The depression was caused by a sharp monetary expansion, followed by a sharp monetary contraction. Both were caused by a bumbling Federal Reserve.
The most recent bubble was aided by a similar expansion of the money supply, only this time, the Fed pumped trillions back into banks to prevent the sharp contraction that caused the Depression. They essentially tried to monetize all the bad debt.
Both scenarios are not ideal. =/
TheBalancedAmerican 1 week ago
@TheBalancedAmerican Deflation didn't cause the Great Depression, it was a symptom of it. An expansion of credit, i.e a deviation from the gold standard caused the artificial boom that made the depression necessary. Ever hear of the roaring 20's?
By the way we had deflation (falling prices, which isn't really the true definition of deflation) for the first 100 years of this country(besides wartime), which coincided with our period of most rapid growth.
flybyradio 1 week ago
@flybyradio You're partially accurate, but inflation alone was not enough to cause the depression. During the 1920's banks inflated the money supply with fractional reserve lending. When the bubble popped and banks began to fail, the process worked backwards. Instead of banks creating money, they were destroying it. Failing banks destroyed 30% of the money supply and the deflation resulted in the Depression.
In 2008, the Fed prevented the same calamity by pumping trillions in banks.
TheBalancedAmerican 1 week ago
@flybyradio As far as you second point, you need to better understand how money works in order to see why your point in invalid today.
Money is a unit of production(wealth), so as an economy expands so must the supply of money which represents total production. As western economies grew, the supply of gold became insufficient as a backing. Instead of it providing sound money, it throttled growth and recovery. A great example of this was Britain during the Great Depression.
TheBalancedAmerican 1 week ago
@TheBalancedAmerican You don't have to bring Milton Friedman into this to know that returning to the gold standard is inane. It simply makes zero sense to tether a finite resource to an infinite growth economy. And when Winston Churchill returned the UK to the gold standard in the the early 20th century, it decimated their economy, and Winston Churchill later said that it was the biggest mistake of his career.
DesecrateConformity 1 week ago
The Manufacturing issue as well
With sound fiscal policy
Leadership in architecture and even space exploration
As well as math, science, engineering
Accounting, econometrics, and derivatives as well as commerce as well
rhersh2011 3 weeks ago
Lol. Hoppe looks so young.
jsem94 3 weeks ago
Great vid but the Ken Burns wannabe should back off on that damn music!
bizwiz21 3 weeks ago
Hey, what's the music that begins at 18:14 ?? I love it
osterhasenLOL 3 weeks ago
The only thing I disagree with this film on is that Morgan was not the most powerful banker. The Rothschilds and other European banking heads had him beat. So how is the government supposed to decide how much money is in circulation based the amount of gold. Or are the people supposed to buy gold themselves and get the government to issue the notes to circulate?
jneil2007 3 weeks ago
Thanks
abeldanger(dot)net
OttoLund 1 month ago
It's just as easy to control and manipulate the value of gold as a fiat currency. If you don't believe me ask people who bought gold in 1980 how they're doing.
nerfmyaccount 1 month ago
@nerfmyaccount They are actually not that bad off even if they did buy at $700 an ounce! That spike in the late seventies was an inflationary fear driven bubble after the collapse of Bretton Woods!
AliceInWonderlandSyn 1 month ago
@nerfmyaccount Your missing the big picture! IT should be americans printing their own money, or handling their own gold..... not.having a mysterious private company doing it that is run by anti-american globalist, who also own the media and run the white house
silentsnowdog 1 month ago
@silentsnowdog but that was my point. a fiat currency isn't necessary evil. in fact, it's an important part of a nations sovereignty, you might control gold mines in russia but we here in the united states dont give a shit because we give our currency our own controlled value. the government and the fed are corrupt, but a true democratic nation could make effective use of a fiat currency that facilitates exchange not enrich banking cartels.
nerfmyaccount 1 month ago
@nerfmyaccount Got ya, excellent point
silentsnowdog 1 month ago
Thanks
abeldanger(dot)net
OttoLund 1 month ago
abeldanger(dot)net
OttoLund 1 month ago
theses bankers are all zionist jews
zatorith 1 month ago
@zatorith Most the bankers are zionist jews, but the rothschilds interestingly enough are nature worshippers. There's a video of david rothschild on you tube and he is not a zionists jew, although oddly enough it was his family that founded israel. Guess their using the zionists.......but the point is they shouldnt be the ones in control of america's money supply....no fuckin way
silentsnowdog 1 month ago
Ron Paul 2012!
Vote for a candidate that stands for liberty, freedom, and a fight against increasing state tyranny! A candidate that has been consistent in their beliefs for dozens of years.
A candidate whom has always argued against the fed, and predicted its negative outcomes.
Vote up and spread the message, support real change.
RapsAlive 1 month ago
Stupid bias comment
gombagod 1 month ago
Stupid bias video...
BlameClassic 1 month ago
@BlameClassic Lol, Bias against WHAT. The Fed? So telling the truth about how there devaluing our currency is bias... Dumb...
IBloodSweatTears 1 month ago in playlist The Federal Reserve 14
@IBloodSweatTears Well some of the explanations it gave were backed up by Supply and demande theories or other such neoliberal ideas. That's kind of biased but it's hard not to be.
DeviousDav 1 month ago
@DeviousDav
Neoliberal? These ideas are much older than neoliberalism.
Mises Institute = Austrian School
sheepOG 1 month ago
The 134 dislikes are keyns who approve of what the Federal Reserve is doing. Like this if you agree. :)
SyCreations 1 month ago 2
check out . Eustace Mullins - Secrets of The Federal Reserve (FULL)
cbasallie 1 month ago
Great video :)
ChemicalSwirls 1 month ago
Best video I have ever seen !!! ..it explains a lot
patriciaannpat 1 month ago
this video was really gay
thegauntlet11 1 month ago
We are in fact all fighting against usury.
This age old crime should unite true Christians, Muslims, Jews AND the occupy movement. However the elite in power is successfully keeping the people divided...
For those interested in a (Christian) religious view on this matter: "conquering the Spirit of Debt" by Rod Parsley.
United we stand, divided we fall. I hope one day we will overcome.
TheTandenstoker 1 month ago
People who advocate to return to the gold standard feel the market (ie individuals who hold serious amounts of gold) are better able to control the amount of money in the system. People (like Bill Still) believe that it is better for electable people to control the amount the amount of money (inflation). The real question is whether you believe in true democracy or not.
The current FED is clearly undemocratic. It are the big bank on wall street (with the excessive rewards who rule the FED.
TheTandenstoker 1 month ago
Governments have printed debt free money based on population sucessfully many times in history. Banking is good for creating the super-rich, financing war, causing poverty, AND NOTHING ELSE! The souloution is simple, save for the mis-information that hypnotises people into self inflicted slavery.
zenman5910 1 month ago
Duke of Anarachy, would you like to play out your step-by-step scenario upon elimination of the Federal Reserve? Because I find the ensuing economic models troubling under everything but a "rapture" scenario.
dreschp 1 month ago
Well, at least some of the posters on this site are open about their anti-semitism.
dreschp 1 month ago
This has been flagged as spam show
It's not enough to say "Vote Ron Paul"
PEOPLE NEED TO SWITCH PARTIES 12 WEEKS PRIOR TO THE PRIMARIES OF MOST STATES.
IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.
IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !
WE NEED EVERY LAST VOTE ! Copy and paste this everywhere! Thumbs up
RapsAlive 2 months ago
Comment removed
looozzzer 2 months ago
Most international account movements ARE immoral...
APrime25 2 months ago
If governments should have intervened to ban private Federal reserve banking? That would be nothing but a vicious, violent violation of private freedom!Whether inflation occurs depends on many factors. An influx of money via a capital account could cause inflation too, just because something might be inflationary is no argument for banning it. If it were, then all internatational capital account movements would be immoral, because they might be inflationary.
zsylvana 2 months ago
@zsylvana
The FED is not really private. If it was, it would have only private powers, meaning, that we could ALL just do the same and print money.
Inflation is simply the increase in the supply of money (or shortages of goods). Thus even a gold standard would have minimal inflation since new gold is being mined, but other then that all other inflation is created through state sanctioned fraud.
Illyrien 2 months ago
@Illyrien banks cause inflation, not "an increase in money supply"
moneys "created"(conception) with a falsified debt attached to it so the banks are always stealing circulation(interest owed to them) but that interest was never issued into circulation, circulations comprised of some principle at most.
banks intervene, misrepresent our promissory obligations into debts owed to itself, short circulation, and cause price inflation... all for publishing evidence of our promissory oblilgations
ott0Kitam 1 month ago
@ott0Kitam
An increase in the money supply is inflation. The basic process is called Fractional Reserve Banking, although there is a limit to how much the banks concentrate, this is where central banks come in and removes all limitations.
Illyrien 1 month ago
@Illyrien i am aware but thanks mate... that is expansion
thats after banks steal peoples money, on conception.
after banks *loan* money into existence dressing up promissory obligations(promises to pay) from the obligor into a debt owed to itself(bank)
but the bank gives no consideration of value, other than the costs of publishing the evidence of our promissory obligations into existence.
banks give no consideration. theyre not the true creditor.
bank do nothing but steal $
ott0Kitam 1 month ago
This has been flagged as spam show
yuoutube NIXON TAPES RE: JEWISH DOMINION OVER US MEDIA
Nixon knew who owned the mic.
He didn't like them
It's why they ousted him'
Obama is a puppet. If he didn't let them pull the strings they would simply get rid of him. A bullet like Kennedy....or....a media assassination
Either way we live in an occupied nation and we need to wake up
cbasallie 2 months ago
This has been flagged as spam show
I need an opinion on this:
Printing Presses. Print your own cash. Go to jail. Own a bank and print untold trillions, then loan it out to collect obscene profits on the interest? Why that's the American way!
Response:
banks don't print money, the federal reserve does...and they don't just do it all the time, they charge the banks a higher discount rate to print money for them when they can't back up loans via reserves...this picture is just stupid
opsocftw 2 months ago
This has been flagged as spam show
It's not enough to say "Vote Ron Paul"
PEOPLE NEED TO SWITCH PARTIES 12 WEEKS IN ADVANCE OF THE PRIMARIES IN MOST STATES.
IF YOU DO NOT SWITCH IN TIME YOU CANNOT VOTE IN PRIMARY.
IF YOU ARE NOT REGISTERED REPUBLICAN YOU CANNOT VOTE IN PRIMARY.
IF RON PAUL DOES NOT WIN PRIMARY, NO GENERAL ELECTION ! REGISTER AS A REPUBLICAN. FIND OUT WHEN YOUR STATE HAS PRIMARIES. FIND OUT WHERE AND VOTE VOTE VOTE ! PLEASE !
WE NEED EVERY LAST VOTE ! Copy & paste this everywhere and THUMBS UP!
ICproductions2020 2 months ago
Back in the day, paper money was a federal reserve note equal to the value of gold held in Fort Knots and when a silver dollar was made of real silver and worth the value of that silver dollar, a whole dollar. What's happened since has turned into a government of greedy politicians and what we use to call civil servants. We work for them now and their high salaries and short term high paying retirements. Most politicians were once lawyers and we all know what they are known for! Blood Suckers!
DesignsByJB 2 months ago
Just a video I randomly found by searching "money." I am very educated on this topic, but still I learned a lot from this film. Well worth the 42 minutes.
GarretSlarrity 2 months ago
This has been flagged as spam show
Watch /watch?v=n4em7VeCHSs and /watch?v=7R4yEqdKYyM to make sure that you have not been brainwashed and have an accurate pitcture of things !!!!
ncollier1 2 months ago
The rigid ideology of Ron Paul and the producers of this video would immediately bring about the disappearance of credit, a run on the banks, and the crash of our financial system, grinding our economy to a screeching halt. If you want a "Mad Max" world of guns and gold, this video is for you.
dreschp 2 months ago
@dreschp Since you don't give any clue to what theory your utterly wrong assertions are based on, I'll just reply with some basic corrections.
Ron Paul's monetary policy is to end the Federal Reserve, preventing the organized inflation of money and credit unmatched by real savings. Such inflation redistributes wealth from the working class to the state and the bankers; additionally, by distorting the market interest rate it leads to malinvestment and the boom-bust cycle.
...
DukeofAnarchy 2 months ago
@DukeofAnarchy
The effects of inflationary policy have not only done great harm directly, but (because most people, like yourself, are ignorant of the real causes and solutions) have discredited capitalism in the eyes of the people.
Restoring a free market money supply will promote steady capital accumulation and output growth. With no moral hazard from deposit insurance or bailouts, the banks will be subject to the most effective regulator ever known - the free market.
DukeofAnarchy 2 months ago
good info about the fed: abolish the federal reserve dot org
1877colt 2 months ago
i always have a rule for the White House and uh, Clarence can probably vouch for this for decades. ''Dont comment on the Federal Reserve.''
- ROBERT GIBBS. press secretary for the White House
You see...the politicians know what's going on. They're paid and threatened into silence. You know, the carrot or the stick. Take a bribe or get shot. Obama collecting bribes or Kennedy getting a bullet.
That's how it goes.
cbasallie 2 months ago 19
The Federal Reserve Bank is Jewish-owned Rothschild Banks of London and Berlin . Lazard Brothers Banks of Paris Israel Moses Seif Banks of Italy Warburg Bank of Hamburg and Amsterdam Lehman Brothers of NY (bankrupt) Kuhn, Loeb Bank of NY (Now Shearson American Express) Goldman, Sachs of NY . National Bank of Commerce NY/Morgan Guaranty Trust (J. P. Morgan Bank - Equitable Life - Levi P. Morton are principal shareholders) Hanover Trust of NY etc etc
TheManabu02 2 months ago
This has been flagged as spam show
THE FEDERAL RESERVE 1919-2012 R.I.P (REST IN PISS)
RON PAUL 2012! END THE FED.
1RadicalDreamer 2 months ago
This has been flagged as spam show
@32:00 hey that tune got remixed into paparazzi by xzibit. It's in the sopranos!
gshooting 2 months ago
Comment removed
gshooting 2 months ago
@nowfabien not really because war is the biggest business known to man
TASSOS502 2 months ago
@nowfabien he only said that Jews are special people because you are still his children! He knows Jews are different. There is no other way of explaining why Jews always throughout history have always been on top of a society and controlled it before they were expelled. We just have this conception that the only time was in Europe in WW2, but that was just the biggest systematic expulsion history has seen. Now Jews UNDOUBTEDLY took over the world. Banks, big business, media all owned by Jews...
TASSOS502 2 months ago
This has been flagged as spam show
End the Fed!! Buy this bumper sticker and sport it before it gets removed from the site! ==> TinyURL{dot}com/3fa4s4v
starratsx 2 months ago
FED? Why you killed John Kenedy. All of American love John Kenedy, but why why you assassinate John Kenedy?
American belongs to all of American, not in only minority as Wall street, Rothchild family or minority Jews.
Shame on you, FED. You didn't served for American, you only served for one group people.
BAIYUE1 2 months ago
the music in vid is Killimg me !!!!!!!
spleeft 2 months ago
I cant watch this because of the damn music......wtf !!! ruined all thegood info !
spleeft 2 months ago
The gentleman at 36:37 will be my president some day.
SeppLainer 3 months ago
Great video!! RON PAUL 2012!!! RESTORE AMERICA NOW!
NosoCOMINSOON 3 months ago
To learn the truth about the Federal Reserve, watch the Corporation Nation series with Clint Richardson. He proves the Fed actually is audited EVERY year. They even publish the audit in their ANNUAL FINANCIAL REPORT (CAFR) on their website.
kd7one 3 months ago
I agree with ron paul but I won't vote for him. Man being in charge of man becuase man voted for man to run mans life and can be impeached by man if the majority of man finds him unlawful. It just sounds like stupid circular logic to me.
paradoxparody 3 months ago
@paradoxparody So true, Democracy is not what it is portrayed to be.
LuxxLuger3K 2 months ago
This has been flagged as spam show
Fight propaganda
There's a media deception being launched against the masses
The ''anti-cop'' protest is fabricated by the Media in order to OVERSHADOW the real END THE FED movement and discredit protesters by depicting them as ''hippies'';
It's not about cops
Don't let these people usurp and redefine the real message
Go viral on ''anti-cop'' boards with the REAL message
END THE FED
cbasallie 3 months ago
This has been flagged as spam show
Abolish OR audit the Federal Reserve by petitioning the Obama Administration. Here is the official petition at Whitehouse. gov: [wh .gov/bC0]. Be American; embrace democracy.
ILLBROADCASTYOURFACE 3 months ago
This has been flagged as spam show
Ron Paul Veterans Day Money Bomb on 11/11/11! Pledge now at supportthemnow(dot)com! THUMBS UP and spread the word!
getthepoooffmybum 3 months ago
129 dislikes? The Fed's minions are busy.
dumbassstupidpeople1 3 months ago
very interesting, reminds me of the book a fragment on a theory of macroeconomics, great book.
universalcodes 3 months ago
haha do i have to write the mises institute or call them for more info? look how young RP was there!
jamesedwardtheobald 3 months ago
RON PAUL 2012 END THE FED. only candiate to stop the corruption.
hes even in here when he was young
RonPaul2012vote123 3 months ago 12
if you went to see more about real politic go to "americas real political system.com" (one word)
millleeyou 3 months ago
SO, basically the federal reserve is printing paper and saying its money? when only gold constitutes for money?
HelpFeedThePoor 3 months ago
@HelpFeedThePoor The only gold is money part isn't true. Otherwise yes, they are printing money and giving it to governments to then use it as currency while charging the country (or the taxpayers) interest on what they have printed them. It is obviously the best kept secret of all time because I feel that if the people of the world knew the truth bad things would happen to these men in charge. They have been doing this for 100's of years. Almost 100 years now in America. Never ending debt.
DaSnoman316 3 months ago
@HelpFeedThePoor Look up what Lincoln did during the civil war. Or how they funded the revolutionary war. They just printed their own money and called it money, whether it's silver/gold/paper.
DaSnoman316 3 months ago