What they said about Germany was true. Funny that this infomation only draws 8300 views and something that show a woamns naked butt or someone beating the slop out of another draws millions. As I have said before Americans are dumb and dumber.
Colonel Gaddafi was the greatest and, by far, the most effective humanitarian who ever lived. The Great Man Made River alone will save millions of lives (and that's why the Nato Nazis bombed it.) Gaddafi's plan for an African central bank, free of Rothschild \ Bilderberg ownership, would have freed Africa from the horror of the IMF and World Bank, and the Gold Dinar would have freed Africa from the Fractional Reserve system, thus saving millions of lives.
The Banks didn't create the US Real Estate bubble so that they wouldn't lose money by marking to market. The Banks just lobbied Washington into changing the FASB and US GAAP rules so that they don't HAVE TO mark to market anymore.
A lot of bad explanations as well. I'd recommend you go back to reviewing fractional reserve banking. Because you're wrong there as well. Stopped at 2:17 because of so many mistakes. Sounds like bad Nazi propaganda. :)
@Siderussianlegsweep I work in investment banking. I don't need to do research, this is my profession. Read an actual book on banking. I'd suggest visiting the Mises Institute online, they have loads of free PDF books for you to get your head around economics and banking in general.
so you certainly don't have a vested interest in the topic :) oh and FYI i have a masters degree in economics and when it comes to the crunch the statement that banks are responsible for creating 90% + of money (in the form of bank credit) in a society is completely correct,
since i dont beleive in writing essay posts on youtube I will point those who want a more detailed analysis online in the direction of Paul Grignon's "Money as Debt 2" and Byron Dale's videos on the topic.
@Siderussianlegsweep Bankers are in themselves money managers and risk managers regarding investments. As long as there is money, there will be bankers.
So, no, I don't have a vested interest in "the 1%" in completely screwing over society, because it includes me.
I'm happy you have a masters in economics. But that's pretty much what Bernake says "I have a PhD, so STFU". Sorry buddy, but making a video, and jumping to conclusions while you're at it is ethically ambigous.
I'd also caution people to be wary of the Mises Institute and Austrian theory in general, whose free-market rhetoric is an effective veneer to disguise its pro-imperial/feudalistic nature and origins. I'd recommend researching the Hapsburgs, Carl Menger and others instrumental to its creation for those interested in the topic.
@Siderussianlegsweep Wow. Austrian economics IS Keynesian economics, but without intervention by the central bank and/or the government to manipulate the cost of money (interest rate for those of you w/o financial background).
To start conspiracy theories just because some people don't want monetary intervention, and believe that a proper system rewards and negates rewards justly is morally corrupt.
who said keynesian economics was any better ;) i guess machiavelli was a "conspiracy theorist" when he observed the most effective ways for conquerors to control an unsettled populace being to create factions from within and let them fight it out amongst themselves.
again i point anyone interested in the actual mechanics of money creation to the videos in my previous post, i dont completely agree with the authors, but theyre far more informative than ideological cheerleaders!
@Siderussianlegsweep granted. which is why books are better mediums to transmit knowledge, instead of 6 minute cartoon videos.
ps. if you take out keynesians and austrians, what the hell do you have left? austrians is basically supply side economics with liberal montary policy. i mean, don't tell me you want to go back to the Lincoln greenback, because I sure do trust the current Congress with THAT kind of power! :P
if you'd like a book on money creation Ed Griffin (who I personally dislike) has good chapters on the topic in the description. i completely disagree with his gold based solutions however though you might like them.
you don't need to conform to an official institution of thought, (most tend to have some good qualities and plenty of negative) these only serve to stop people understanding the mechanics for themselves and coming to their own rational conclusions.
@mje173 "I'd recommend you go back to reviewing fractional reserve banking. Because you're wrong there as well. Stopped at 2:17 because of so many mistakes." What specifically? I'm genuinely interested.
@fburton8 MONEY is really just WORK. Or used to be.
Now, money is created by the government. The government's budget is loaned to them by banks (not at the best rate for taxpayers btw), let's say in JANUARY 1; THIS is the SOURCE of NEW MONEY into our MONETARY SYSTEM. TAXES are used to PAY these OUTSTANDING LOANS + INTEREST on DECEMBER 31.
This video makes ridiculous statements. It takes 2 truths, and mixes them with 3 half-baked lies.
Fractional reserve banking is TOTALLY abused by the reckless mega-banks (a.k.a. commercial banks or "Casinos"). In fact, whenever their bets go sour, the FED, our parasitic central bank, promptly & willingly "loans" (gives) them unlimited funds, @ basically 0% interest rates, to prevent their collapse! Oh & these "banks" (casinos) are also eligible for repeated U.S. tax-payer funded bailouts, & are regarded as "To Big to Fail" by crooked Treasury officials & our bought-&-paid-for CONgress!
But you won’t find out about this criminal cartel of “banksters” in any outlet of the lap-dog, main-stream media! In fact most of these pathetic, so called “journalists,” are simply brainless, teleprompter-reading minions whom are collectively “dumber than a bag of hammers.” The rest of them are, in fact, outright complicit. So STOP paying attention to these MSM media liars & attention-whores! & BANK LOCALLY! Help starve the vampire banks!
END THE FED and restore sound money. You CANNOT have a free society without Sound, Lawful or Constitutional Money. Read "When Money Dies" by Adam Fergusson, "Economic Solutions" by Peter Kershaw and "Crisis By Design" by John Truman Wolfe.
So you are saying Obama transferred taxpayer money from the middle class to the Wall Street bankers? The very wealthiest Americans? I thought we were to hate those people, not reward them with litte people's money.
So the best way to rob a bank is to own one?
Commercial Banks are nothing more different than any other business in
this country, They are just trying to make a living, just like anybody else is.
GaussTruth 2 months ago
What they said about Germany was true. Funny that this infomation only draws 8300 views and something that show a woamns naked butt or someone beating the slop out of another draws millions. As I have said before Americans are dumb and dumber.
kofi7777 3 months ago
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Colonel Gaddafi was the greatest and, by far, the most effective humanitarian who ever lived. The Great Man Made River alone will save millions of lives (and that's why the Nato Nazis bombed it.) Gaddafi's plan for an African central bank, free of Rothschild \ Bilderberg ownership, would have freed Africa from the horror of the IMF and World Bank, and the Gold Dinar would have freed Africa from the Fractional Reserve system, thus saving millions of lives.
davisoneill 3 months ago
This isn't just simplified, it's wrong.
The Banks didn't create the US Real Estate bubble so that they wouldn't lose money by marking to market. The Banks just lobbied Washington into changing the FASB and US GAAP rules so that they don't HAVE TO mark to market anymore.
A lot of bad explanations as well. I'd recommend you go back to reviewing fractional reserve banking. Because you're wrong there as well. Stopped at 2:17 because of so many mistakes. Sounds like bad Nazi propaganda. :)
mje173 6 months ago
@mje173
hopefully you'll take your research a little deeper next time then :)
Siderussianlegsweep 5 months ago
@Siderussianlegsweep LMAO
deathomen18 4 months ago
@Siderussianlegsweep I work in investment banking. I don't need to do research, this is my profession. Read an actual book on banking. I'd suggest visiting the Mises Institute online, they have loads of free PDF books for you to get your head around economics and banking in general.
mje173 1 month ago
@mje173
so you certainly don't have a vested interest in the topic :) oh and FYI i have a masters degree in economics and when it comes to the crunch the statement that banks are responsible for creating 90% + of money (in the form of bank credit) in a society is completely correct,
since i dont beleive in writing essay posts on youtube I will point those who want a more detailed analysis online in the direction of Paul Grignon's "Money as Debt 2" and Byron Dale's videos on the topic.
Siderussianlegsweep 1 month ago
@Siderussianlegsweep Bankers are in themselves money managers and risk managers regarding investments. As long as there is money, there will be bankers.
So, no, I don't have a vested interest in "the 1%" in completely screwing over society, because it includes me.
I'm happy you have a masters in economics. But that's pretty much what Bernake says "I have a PhD, so STFU". Sorry buddy, but making a video, and jumping to conclusions while you're at it is ethically ambigous.
mje173 1 month ago
@mje173
I'd also caution people to be wary of the Mises Institute and Austrian theory in general, whose free-market rhetoric is an effective veneer to disguise its pro-imperial/feudalistic nature and origins. I'd recommend researching the Hapsburgs, Carl Menger and others instrumental to its creation for those interested in the topic.
Siderussianlegsweep 1 month ago
@Siderussianlegsweep Wow. Austrian economics IS Keynesian economics, but without intervention by the central bank and/or the government to manipulate the cost of money (interest rate for those of you w/o financial background).
To start conspiracy theories just because some people don't want monetary intervention, and believe that a proper system rewards and negates rewards justly is morally corrupt.
Good day, Master of Economics homeslice.
mje173 1 month ago
@mje173
who said keynesian economics was any better ;) i guess machiavelli was a "conspiracy theorist" when he observed the most effective ways for conquerors to control an unsettled populace being to create factions from within and let them fight it out amongst themselves.
again i point anyone interested in the actual mechanics of money creation to the videos in my previous post, i dont completely agree with the authors, but theyre far more informative than ideological cheerleaders!
Siderussianlegsweep 1 month ago
@Siderussianlegsweep granted. which is why books are better mediums to transmit knowledge, instead of 6 minute cartoon videos.
ps. if you take out keynesians and austrians, what the hell do you have left? austrians is basically supply side economics with liberal montary policy. i mean, don't tell me you want to go back to the Lincoln greenback, because I sure do trust the current Congress with THAT kind of power! :P
mje173 1 month ago
@mje173
if you'd like a book on money creation Ed Griffin (who I personally dislike) has good chapters on the topic in the description. i completely disagree with his gold based solutions however though you might like them.
you don't need to conform to an official institution of thought, (most tend to have some good qualities and plenty of negative) these only serve to stop people understanding the mechanics for themselves and coming to their own rational conclusions.
Siderussianlegsweep 1 month ago
@mje173 "I'd recommend you go back to reviewing fractional reserve banking. Because you're wrong there as well. Stopped at 2:17 because of so many mistakes." What specifically? I'm genuinely interested.
fburton8 1 month ago
@fburton8 Reserve baking works like this:
1. Federal Reserve sets margin requirements at 10% (for simplicity's sake).
2. You deposit $100 into the bank.
3. The bank loans out 90% of the $100, keeps the req. 10% in deposits. So lets say they loan it to somebody looking to buy tools ($90).
4. $90 dollars are spent. Vendors who sold tools have $90 that they put into their banks.
5. The vendor's banks can loan out 90% of the $90 ($81).
mje173 1 month ago
@fburton8
6. $81 dollars are used to buy pampers. Vendors put their $81 in a THIRD bank (again, simplicity)
7. 90% of $81 are lent out ($72.90).
So on and so forth. The amount of money that a fractional reserve banking system si dependent on the margin requirement set by the Fed.
So say 900% (out of you a-hole) is ridiculous, to say the least.
Yes, debt based money sucks balls, we're in this system since '71 because we're broke.
mje173 1 month ago
@fburton8 MONEY is really just WORK. Or used to be.
Now, money is created by the government. The government's budget is loaned to them by banks (not at the best rate for taxpayers btw), let's say in JANUARY 1; THIS is the SOURCE of NEW MONEY into our MONETARY SYSTEM. TAXES are used to PAY these OUTSTANDING LOANS + INTEREST on DECEMBER 31.
This video makes ridiculous statements. It takes 2 truths, and mixes them with 3 half-baked lies.
mje173 1 month ago
"The best way to rob a bank is to own one." This quote is win.
VikingBoyBilly 6 months ago 2
Fractional reserve banking is TOTALLY abused by the reckless mega-banks (a.k.a. commercial banks or "Casinos"). In fact, whenever their bets go sour, the FED, our parasitic central bank, promptly & willingly "loans" (gives) them unlimited funds, @ basically 0% interest rates, to prevent their collapse! Oh & these "banks" (casinos) are also eligible for repeated U.S. tax-payer funded bailouts, & are regarded as "To Big to Fail" by crooked Treasury officials & our bought-&-paid-for CONgress!
madtown99980 7 months ago in playlist Bears Explain The Bernank & Jeethner
But you won’t find out about this criminal cartel of “banksters” in any outlet of the lap-dog, main-stream media! In fact most of these pathetic, so called “journalists,” are simply brainless, teleprompter-reading minions whom are collectively “dumber than a bag of hammers.” The rest of them are, in fact, outright complicit. So STOP paying attention to these MSM media liars & attention-whores! & BANK LOCALLY! Help starve the vampire banks!
madtown99980 7 months ago in playlist Bears Explain The Bernank & Jeethner
END THE FED and restore sound money. You CANNOT have a free society without Sound, Lawful or Constitutional Money. Read "When Money Dies" by Adam Fergusson, "Economic Solutions" by Peter Kershaw and "Crisis By Design" by John Truman Wolfe.
delyparker777 11 months ago
So you are saying Obama transferred taxpayer money from the middle class to the Wall Street bankers? The very wealthiest Americans? I thought we were to hate those people, not reward them with litte people's money.
emmy1cat 1 year ago
"Hold on. Let me count. (long pause) Zero." ROFL!
deskset24 1 year ago