Dr. Michael Hudson - Is this the end financially of the American empire? (1/2)

[LiteWaiter]

Get rid of CORRUPT LAWS THAT PROTECT THE CRIMINALS.

Get OUR MONEY BACK, get the real criminals.

INTERNATIONAL CORRUPTION is the trick.

They create DEBT out of thin air that creates real profit for them.

[scandalasdog]

Something u wont hear on the news.For those who dont know, the bogus triple A rated buckets of mortgages(sub prime) which were sold to European banks by US companies were just that Bogus so Europe didnt need to pay ANY debt back if it went to a court of law. This is why behind the American peoples back the Fed told European banks to treat the derivatives like true triple A mechanism's and if there was any fallout ie if they lost money the Fed would pay. hence QE2. Whats more QE3 is on the way

[EconomicCrisisReview]

Anagram US Debt Ceiling = Ceiling Busted

[blkcola]

Hudson needs to give congress another "ULTIMATUM"; as did Wall Street (AIG). Maybe he and Ron Paul could connect (before congress).

[411American]

Before it all ends fire up the presses and pay everyone back The issue United States Notes in stead of Federal Reserve Notes then a few years later charge them interest on the notes and shazam they owe us. Thank thank Thank you

FED = False Evidence Dead

[hplaserjet2001]

"What we've had for the last 10 to 15 years is unlimited attitude, we can make money, we can do anything we like, we just have tons of time to do what we want without regarding regulation or regarding the basics of how you run your business." -Evelyn De Rothschild, CNBC interview

[hplaserjet2001]

In 2010, the US federal deficit is expected to be $1.6 trillion.

The US government overspends by $4.38 billion per day.

Since 1913, the Federal Reserve has devalued the US dollar by 98+%.

In 2009, the Federal Reserve engineered 20+ trillion dollar bailouts equaled 40% of the private wealth created in the US since 1776.

The Office of Management and Budget reports that the US government will experience deficits of tens of trillions of dollars for the next 70 years.

[hplaserjet2001]

"The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy." -US President Abraham Lincoln, November 21, 1864

[hplaserjet2001]

Part 3: "With Lincoln out of the way they were able to proceed with that plan, and did proceed with it in the United States. Within eight years after Lincoln's assassination silver was demonetized and the Gold Standard money system set up in the United States." -The Vancouver Sun, May 2, 1934

[hplaserjet2001]

Part 2: "...and who had any reason to desire the death of Lincoln. They were the men opposed to his national currency program, and who had fought him throughout the whole of the Civil War on his policy of greenback currency. They were the men who were interested in the establishment of the Gold Standard money system and the right of the bankers to manage the currency and credit of every nation in the world." -The Vancouver Sun, May 2, 1934

[hplaserjet2001]

Part 1: "Abraham Lincoln, the martyred Emancipator of the Slaves, was assassinated through the machinations of a group representative of the international bankers who feared the United States President's national credit ambitions--and the plot was hatched in Toronto and Montreal. There was only one group in the world at that time who could finance anything they cared to attempt without regard to cost,..." -The Vancouver Sun, May 2, 1934

[devourerofbabies]

Milton Friedman was such an asshole. The damage he's done. My god.

[retrop75]

OIL.

[andrejns93]

@retrop75 SPILL BABY SPILL

[kingofthepaupers]

All Governments do service debt by taxing you and me,

Instead of letting Treasury create it interest free.

The money from the Treasury was used down south before.

The "Greenbacks" used by Lincoln paid to win the Civil War.

The "Continentals" did their job until King George did state:

"There'll be no use of your own plates, for gold you'll have to wait."

Though we've been told that their revolt was over tax for tea,

Ben Franklin said "The war's because they took our currency."

[kingofthepaupers]

Ten dollars out, eleven back, it often takes a while,

But after years, the end result's a melancholy style.

The money from the Treasury, its use did almost cease,

To pay the interest to banks, the taxes did increase.

And when we ask "The Treasury, why is it never used?"

In answer, we get silence and an attitude bemused.

So to this day the bulk of the American supply,

Is borrowed from the banks at rates that make debts multiply.

[kingofthepaupers]

In 1913, other plates were given to the banks,

Creation of the money. They gave politicians thanks.

The Government had given banks permission to create,

A batch of brand new money to be lent at interest rate.

The Government then borrowed from them and at their request,

The Congress passed the Income Tax to pay them interest.

One Congressman objected, Louis T. McFadden, loud,

"The greatest crime in history," he said with head unbowed.

[kingofthepaupers]

Two notes used in America can clearly show the way,

Both legal tender now down south. They can be spent today:

"United States Note" issued by the nation's Treasury,

And "Federal Reserve Note" which is banker's currency.

Their fronts are very similar except the name they state,

Their backs are very different, it means another plate.

The Treasury provided notes for federal expense,

And taxed them back to balance books with numbers that made sense.

[ourearthhome]

The whole point of the Fed buying trash for cash is to prop up the real estate speculation program that characterizes the neo-liberal shift of the economy from real production to pumping up the value of existing assets. Everyone owning any real estate and stocks looked like their wealth was increasing at least up until the recent collapse of the housing, i.e. land speculatioon, market and soon to come commercial real estate market. There is no substitute for the real economy it turns out.

[luvcheney1]

Federal Reserve followed easy money low interest rate policy for years, fueled the housing, stock market bubbles. In 1988, with good credit, 40% down, I paid 10.75%. A 200K loan at 5.5% has an 1136 payment, at 10.75%, its 1867. This policy made housing boom, it was so easy to pay high home prices. The bubble broke, and who blames the FED? Nobody. Obama, McCain, THOM blame Wall Street Bankers, Not the Federal Reserve. Why? They want to blame corporations for the collapse.

[ourearthhome]

luvcheney1: Yes, the Fed is not getting the blame it so richly deserves but this merely obscures the more systemic economic dysfunction that allows real estate owners to cash in on the increased market value of their holdings. All economists agree that it is land that goes up in value and not improvements and that therefore a heavy tax on land values would forever prevent the recurring real estate, i.e. land speculation, booms and busts. America's failure to tax land value is more fundamental..

[luvcheney1]

When the Fed follows "easy money" it is by putting money into the banking system, the money supply increases. Greater supplies of money raise prices. If the supply of money didnt increase, there would not, there could not, be generally rising prices, nor huge bubbles, such as the housing bubble. Your tax plan is an attempt to collapse values by taxation, not dealing with easy money at all. Perhaps you could collapse real estate this way, but the increased money supply still has to go SOMEWHERE.

[Ninetyone11]

@ourearthhome How is "pumping up the value of existing assets" a new-liberal shift?

[ourearthhome]

@Ninetyone11 Neo-liberal is connected to neo-classical economics. Neo-classical economics seems to think that the speculative increase of the price of land and stocks when the real underlying economic value of those assets is not increasing is valid wealth creation and it is not. The recent real estate/land speculation collapse made worse by Wall Street shenanigans and government complicity that triggered the larger economic collapse is an example of the fallaciousness of this approach.

[TheDecidicator]

Yes, there is a reason why the government can't create money instead of the Fed. The reason is money...money that the elected leaders of government will not get from the owners of the Fed and their friends.

Face it! We do not have a government . We have a political system...

[donotfret]

We have an Oligarchy

[donotfret]

Note: only 3k views of this video goes to show ya just how self induced clueless America has become.

[luvcheney1]

See "Gold-Eagle", for fundamental analysis similar to this. It has had 355million hits, is frequented by conservative Ron Paul types interested in gold, monetary policy, the Fed.

[ThorlikeSmash]

@donotfret

Hey, I'm trying man. Sorry it took so long to get on the boat!

[deeppurple28]

@donotfret Yeah and its only getting Worse! Those Rejects in Florida voted out one of the only Congressional Representatives who went against Corporate Interest! Those morons deserve what's coming to them for voting out Alan Grayson!

[mrzack888]

@donotfret now it's 11,666 viewers, 77 upvotes and zero downvotes.

[HurricaneHeidi]

Thanks for posting this video. You are helping people to understand the gravity of what has been stolen from us.

I advocate Civil Disobedience by successfully defeating the collection of all unsecured debt owed to these legalized counterfeiters (AKA Fed Res banks).

We need to take back our oOWN wealth. Debt is a CIVIL matter, NOT criminal. Don't pay their usurious interest rates on money they created out of thin air anymore. I beat them, and I tell you exactly how.

watch?v=GJMQCcFFzak

[mcasual]

i think the inspector general didn't want to be the one telling the bad news that would cause a a huge drop in the markets. Maybe she knows 99% of the answers to the 3 questions, the 1% of uncertainty is what she's hiding behind when she pretends to wait for a complete picture