The fractional reserve system is said to benefit the economy by creating more money for trade then actually exists. This is accomplished through a series of loans from banks, purchases made with the money and the money ending up back in another bank ready to be loaned out again. The money created is not real but a calculation of money movement through banks over time. Time is often an over looked element when trying to understand how money creation happens.
No shit the federal reserve want to attract depositers, they dont want you backing your money with something like gold, so you have no way out when the shitty paper collapses. They steal your money. You obviously know nothing about economics or the Fed. you have a very mainstream outlook and believe what you are told. THE FEDERAL RESERVE ARE CROOKS.
@MrCa5101 Today, the U.S. economy is an important partner in an integrated global economy. Central banks work closely together throughout the world to manage monetary policy.It's too late for the U.S. to unilaterally adopt an isolationist economic stance, and abandon its ability to manage its economy using monetary policy, by returning to a gold standard.
@MrCa5101 Your so laughably ignorant. It's "gold standard" the problem with that is a fixed money supply, dependent on gold reserves, would limit economic growth. Many businesses would not get funded for lack of capital. Furthermore, the U.S. could not unilaterally convert to a gold standard if the rest of the world didn't. If it did, everyone in the world could demand that the U.S. replace their dollars with gold.
@MrCa5101 People like you that say abolish the federal reserve are either broke Teabaggers fulfilling their need to blame their own financial woes on the government, or rich Conservatives that hate regulation and want to get away with more schemes to increase profits, even if it involves screwing over the little guy.
If it weren't for the Federal Reserve's backing a lot of banks would have a hard time attracting depositors. Average people would be hiding their money in safes at home. The backing of the Federal Reserve gives average Americans faith in the banking system, without it checking account deposits would be a fraction of what they are today.
Yeah right, If it werent for the Fed, people would be backing the money by something real like gold, and people would not be getting these big false loans that they cannot pay off, your probably someone hired by the corrupt Federal Reserve to post good thing about them. THE FEDERAL RESERVE RUINED THE UNITED STATES! ABOLISH THE FED! IF YOU HAD HALF A BRAIN YOU WOULD KNOW YOU CANT JUST PRINT MONEY OUT OF THIN AIR.
@patbarkley There was a problem. Even when the US had a gold standard, the banks had to inflate the dollar in order for transactions to happen. The abolishing of the fractional reserve system can come through a federal mandate. But above all, if the full reserve bank is restored, the economy cannot be on a gold standard or else the amount of gold will not allow the economy to naturally grow. The government from time to time needs to inject money into the supply of banks in order to allow growth.
@patbarkley I don't understand what you mean. A bank is there to save the money of those who put it into there. A transfer of the bank account to another is just simply taking out the paper from one bank and putting it into another or in the case of the same bank, transferring the credit to another account.
I thought I was the first person who thought of this... Doing this would also force China and other currency manipulators to hold 0% interest earning dollars instead of risk free us treasury bonds.
For those of you that see our government is not representing us, we think there are solutions that could cut out "special" interests. If you think true representation is important and you have an open mind, google us. Since this is new, only thoughtful forward thinking people will be interested. Our country needs your energy and imagination.
@g19hoops83 nobody knows who the private stockholders of the "Federal" Reserve are, because they keep the names secret. Regardless, we need to scrap the Federal Reserve racket, and the government should issure our money DEBT-FREE.
patbarkley is either stubbornly ignorant, or a shill. The "Fed" is NOT a government agency, and they pay the US Treasury a printing fee to print their privately issued Federal Reserve Notes (our money) for them.
@patbarkley oh, so NOW you admit that the Federal Reserve is a private bank, owned by stockholders, and is not an agency of the government? lol It's obvious to all of us what you are. A shit-for-brains troll that loves to argue, or a shill.
its illegal for anyone to print money other the USA government so federal reserve has commit a crime agaist the USA and should pay for its crime agaist the people of the USA so arrest the federal reservr
@patbarkley You don't understand what money is under the Federasl reserve system. The Government has its money printed by the Fed. They request 1000 dollars. The Fed prints 1000 dollars and gives it to the government with interest attached. The government now has 1000 dollars but owes 1300 dollars (or whatever the interest is). Anybody with even a basic math ability can see that kind of cyclical debt cannot be paid off and so, yes, you do rent your money. Mr. CIA very low level employee, Sir.
No matter what kind of answer you come up with, IT IS NOT GOING TO CHANGE, the present system will fail, so that the CASHLESS SOCIETY , can come into being, THE MARK OF THE BEAST, as the bible calls it. Because the bible tells us it is going to come to pass, therefore, IT WILL COME TO PASS, and we will be entering into a total cashless society, and people worldwide will be faced with what the bible calls the MARK OF THE BEAST.
How many times have we tried to do this? Ron Paul had a major attempt back in 2002, but still the FED continues to ruin our country. Does anyone think this is even possible this time around?
Ben Bernanke and Alan Greenspan need to be hung in the middle of Times Square.
Ya know the first thing you notice about this dude?
He's not a jewish.
And so he seems to be able to say things about the state of the world without needing to call it anti-semitism because of the level of responsibility jews share in it.
"Such a reform act would guarantee the money supply would stay very stable causing neither deflation or inflation” …..Sure,..let’s just completely disregard the velocity of money or the demand for loanable funds. I love how he implicitly suggests prices are solely predicated on M2. If you’ve never taken a look at CPI vs. %Chng in M2..that might be a good idea before making such a definitive statement.
"This will remove the 2 major causes of economic instability ...The Fed and fractional reserve banking…and most importantly the danger of a severe recession would be eliminated."....Honestly, what are you smoking! If he had done any due diligence whatsoever he’d probably know economic cycles play a much larger role than the Fed (which actually in fact mitigates the impact of this cycle).
@walshypoo82 No son, it's you that don't get it. America has regained control of its currency five times. Lincoln did it with "greenbacks" read your own history. You're renting your own money off sheisters. JFK tried to get you out of it by backing money with silver and look what happened.
@patbarkley "Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."
— Robert H. Hamphill Atlanta Federal Reserve Bank
@patbarkley The note that you have in your wallet or bank account is owned by the the Federal Reserve. If you look at the top any bill, it states "Federal Reserve Note." The US government allows the Fed to, among other things, print US currency and loan to us (and other governments) at interest the Federal Reserve Board decides. Every year you pay (income) taxes towards the principal and interest of this loan (Please read Modern Money Mechanics for more information)
@patbarkley If the fed creates the money, all money has interest due on it. Say they give you $100. Now you owe them $101. Where do you get the 101st dollar? They lend you another $100! Now you are $2 down, and so on until the interest overwhelms you. You can NEVER get out of debt. And you become poorer and poorer. You pay it back thru taxes and thru inflation caused by the increased money supply.
@patbarkley "Where do you get the 101st dollar?" The same place I get all my dollars, my paycheck.
Of course individuals can work and accumulate money debt free, but giant out of control governments cannot. They get their money in only 2 ways, borrowing it, or taxing us. Even if they cut spending by 90+% and stopped borrowing, and only relied on taxes for their money, someone in America still owes debt on every dollar. So, the money supply has to expand forever until the dollar is worth $0.
@patbarkley No, Pat. Trying to explain debt-based currency and fractional reserve banking to you has been like trying to describe the Milky Way Galaxy to someone who can't think beyond the confines of the solar system. So, based on this limitation, yes, my attempts were futile.
@patbarkley now I see why you don't understand any of this. You have is ass-backwards. Banks don't "lend a portion of deposits." Banks operate under the principle of "FRACTIONAL RESERVE BANKING." That means that for every $1.00 a bank has in its vault, they can lend out $10 of new money, which is money that never existed in the first place. It's computer generated digital credits entered into a borrower's account, and then they collect interest on money that doesn't really exist.
@BRYAN351 "That means that for every $1.00 a bank has in its vault, they can lend out $10 of new money"
You're wrong. Banks need to keep a fraction of deposits in reserve. If banks could really create $10 out of thin air for every $1 in deposits, no bank would ever go out of business.
@patbarkley you said: "You're wrong. Banks need to keep a fraction of deposits in reserve. If banks could really create $10 out of thin air for every $1 in deposits, no bank would ever go out of business."
As alby711 suggested, go read "MODERN MONEY MECHANICS" written by THE FEDERAL RESERVE! It defines and explains "Fractional Reserve Banking." As with everything else you've said, you have it ass-backwards. Banks can loan out $10 (or more in some cases) for every $1 they have in the vault.
@patbarkley you don't even know (or are denying for some reason) that the Federal Reserve is a private bank, and NOT an agency of the government. You don't understand inflation, fractional reserve banking, or Ponzi schemes. Yet, you think you can tutor me on "Modern Money Mechanics," which you've never read. You're joking, right?
@BRYAN351 yup good to see people taking an interest in our monetary system..this sets up our monetary system for failure and secures the nation to become debt slaves. The outcome as we see progressive inflation. It hasn't even been 100 years that the federal reserves has taking over our money and look at how much a gallon of milk or gas was in lets say the 40s and now or even the 50s or 60s or 70s its insane and people just accept it with no revolt.
@patbarkley part 2.... now let's talk about "INFLATION." Do you know what it is, and what causes it? Probably not. $1.00 today buys only about 5% of what it would buy in 1913 (when the Federal Reserve racket began operation). In other words, $1.00 in 1913 is only worth about $0.05 today. Why?
Money loses its value when too much of it is printed. There's too much money chasing too few goods and services. The money supply has been expanding, because it's a "PONZI SCHEME." cont....
@patbarkley part 3...the monetary system is a "PONZI SCHEME" because it's constantly expanding, and constantly losing buying power per dollar. They over-print because the govt. BORROWS each dollar in existence from a private bank called the "Federal Reserve", which is as Federal as Federal Express. How is the interest paid? By printing more money. How is the interest for that new money paid? By printing more money, etc etc.
You thought the govt. creates our paper money, didn't you? lol
@patbarkley wrong again. Yes, the government sells bonds to the public, but they also sell bonds to the "Federal" Reserve, which is the largest holder of America's debt. Do you deny that the "Federal" Reserve is a PRIVATE bank?
The "Federal" Reserve creates our money, and pays the U.S. Treasury a printing fee to print it FOR them. Take a dollar out of your wallet and look at it. Notice how it says "FEDERAL RESERVE NOTE" at the top? If the govt. issued it, it would say "United States Note"
@patbarkley you're 51 years old, so it's time you took your head out of your ass and started to learn how things work in this world. You're ignorant.
The "Federal" Reserve is no more federal than Federal Express. It's a private corporation, chartered in Delaware, and is owned by PRIVATE stockholders. Do some fucking research. To start, watch the documentary in my favorites called "THE MONEY MASTERS."
@patbarkley The initial issuance of the money you receive in your paycheck came from a loan. It might have been from a loan your employer took from a bank. But whatever its source, the money was issued as part of the Federal Reserve System. So even though you don't see the loan, it is there. If the loan was procured by your employer paying interest on it affects how salaries are set.
If you look at your $20's, you will see that they are Federal Reserve NOTES. You pay interest through inflation.
I don't care if my boss had to borrow the money to pay me, why would I?
Interest and inflation are 2 very different things. If you're confused about that, maybe you don't know enough to make intelligent posts on the topic?
Why don't you explain how the Federal Reserve benefits from inflation?
@patbarkley The reason you don't care if your boss had to borrow the money is that you - like most people- don't see the big picture. If your boss didn't have to repay the loan, there would be more money for salaries. So it does affect you even if you don't realize it. Inflation is like interest because both eat way at your principal. Inflation is often referred to as "hidden interest" for that reason. The Fed benefits because it has created the money from nothing. (to be continued)
@patbarkley@lungcancercure Pat, if the Fed collects $1B of interest from money it created out of thin air but the printing of that money reduced its value by half that amount, they are still ahead a half a billion.
Also, there is a lag time between when they print it and when the inflation occurs. So when they loan the money to their friends - businesses they have a financial ownership of - those organizations are the first to get the money rather than last...an advantage you and I don't get.
@patbarkley You've misread my answer. The Fed would be ahead by a half billion dollars in my example.
The FED doesn't own businesses. Rather it is owned BY businesses. The Fed has loaned those businesses many billions of dollars. I don't have the figures, but it is a huge amount of money.
@patbarkley The Fed loses out due to inflation like everyone else on the one hand, but they are the biggest winners on the other because the inflation takes time to take effect. The first ones to transact the money get a jump on the last person to get the money. Normally it takes about 9 months from the printing to the full inflation of that printing takes effect. Today many banks are sitting on the money so it might take longer for the money to fully circulate.
@lungcancercure "The Fed loses out due to inflation like everyone else on the one hand"
LOL! Thanks for admitting your error.
"they are the biggest winners on the other because the inflation takes time to take effect. The first ones to transact the money get a jump on the last person to get the money"
Not if the first one buys a bond with it. LOL!
Thanks again. I always enjoy it when I can show someone their error and help them learn the truth.
@patbarkley even if it's true that the Federal Reserve returns billions in interest to the U.S. Treasury every year, all of the mega-banks who also own tons of our debt sure don't, and the mega-banks are largely owned/controlled by the same people who own/control the Federal Reserve. The usury racketeers get their "vig" from us one way or another, you can count on that.
@patbarkley all dollars are BORROWED INTO EXISTENCE. You may not owe debt on all the dollars in your wallet, but someone out there does. That means it's a Ponzi scheme, because the money supply HAS to grow larger and larger, year after year, but no matter how large is grows, there will NEVER be enough money to pay off all the debt, because every dollar is borrowed into existence, and has debt attached to it from day one. Do you understand?
@patbarkley The $20 dollars is interest free.... The monetary supply grows with population, there needs to be a $20 bill in everyone's wallet not just yours.
You don't need to pay off all the debt, but responsible government should do it while borrowing money for the sake of wars.
@walshypoo82 you need to watch the entire 3.5 hour documentary that this 8 minute clip is from, because you don't know what you're talking about. Watch "THE MONEY MASTERS" in my favorites.
If the soutions are so obvious how come no one has done it...How come Obama won`t do it...? How is it that the subjects of these changes are not on the lips of every American or for that matter every self respecting Individual in the Western World. The answer is simple, they are all asleep & unaware that they are Slaves..!
Untill they can be awakend from their sleep nothing will change, for it is ONLY the Strength Of The People that can make this happen.. Now you know what to do JUST DO IT..
@foolsreturn Of course it's familiar. If you don't learn from history, you're doomed to repeat it. Isn't it ironic that the only Presidents to have been assassinated have been those to stand up to the banks and/or openly expose the truth? Lincoln and the greenback era. JFK and Executive Order 11110. McKinley and his policies on Treasury bonds and gold standard. Garfield and his remarks on monetary power. Jackson's (avoided) assassination. People just don't get it. The bankers win every time!!!!!
In our country's inception, the founding fathers felt the most important topic was economics. It still is today. Ron Paul's simple message (to me) of abolishing the FED and going about our country's finances justly and appropriately; in the hands of America, not the banks. He renews the spirit of Andrew Jackson. Americans become too caught up in trivial debates of gay marriage and abortion. We are slave to the bankers! Why doesn't America see we are enslaved!!!!
Why isn't this video EVERYWHERE!! Folks seem to be afraid of the obvious. President Kennedy tried and was ASSASSINATED! Ron Paul isn't saying ABOLISH..but auditing..Auditing won't help. ABOLISH!! Those that resist this idea are the problem!
@Tribulatoryfighter Because not enough people care/the ones who do, have no power. The wealthy elite have the real power & would never allow the abolition of their Fed. Reserve ca$h cow. There is a reason the "rich get richer & the poor get poorer". The Fed can manipulate interest rates & with it, the stock market. The wealthy elite have this special bit if inside info, which means, the rest of us aren't on an even economic playing field. Without info, Wall St is more like Vegas, for us.
@Tribulatoryfighter The fed hides behind politicians. Even the smartest people don't see the reality of the contol they have. Don't worry, people are waking up. Have faith. Have faith that Ben franklin, Thomas jefferson, and Andrew jackson (also Taft! Ron paul allways mentions this president) will not be forgotten.
You guys advocating a gold standard really haven't watched the whole movie and don't really know the history behind it. This plan is NOT to impose a gold standard. It's a call to end national debt and the plutocracy that runs our economy. Watch the Secret of Oz here on youtube for a comprehensive history on monetary reform.
80% of Americans dont know this about hteir own country yet the whole world knows...what a shame...the dumbing down of the population has worked...my American University mate can not even point out france and spain on the map.
The FRB of NY received $8.4 trillion last year from the auction of Treasury securities---OFF OF THE BOOKS--without any mention in the ANNUAL REPORT TO CONGRESS or to the public ! The Ponzi scheme Fed confiscated inflict perpetual indebtedness on society and confiscate the wealth of the people while impelling the nation to national bankruptcy. Its embezzlement ! The mathematical inevitability is at RIP OFF BY THE FEDERAL RESERVE or 3W scribd dot com, message 48194264
The Fed obtained $8.4 trillion last year from the auction of Treasury securities---OFF OF THE BOOKS--without Congress and the public being aware of it !!!! The Ponzi scheme Fed does not even report the income as they confiscate the wealth of the people and inflict perpetual indebtedness and national bankruptcy. Search the mathematical inevitability at RIP OFF BY THE FEDERAL RESERVE or 3W scribd dot com, message 48194264
When corporate tax rates decline in the 34 OECD member countries, then government revenues decline. It is Fraud
Just Google search: "Corporate Executives Deny 57 million Americans healthcare - by Bill Woollam" I surmise it is an orchestrated scam where International CEOs lobby member nations to lower corp. tax rates. Then, as one member country at a time reduces corporate tax rates, the pressure is put on remaining member countries to lower their corporate rates in order to compete "globally".
American we are so stupid why do we have to do all this stupid stuff taxes taxes, we pay so much for mortgages and call it the American Dream. WE call American Land of The Brave and the home of free bull shit...
The Ponzi scheme federal reserve fraud is mathematically shown to steal from the people and end in national bankruptcy at 3w scribd dot com message 48194264 as RIP OFF BY THE FEDERAL RESERVE along with other websites.
the american people dont care about the economy or the war in iraq and afghanistan or anything of importance
Americans have they're heads so far up the asses of facebook, jersey shore, and the latest iphone or some other type of bullshit technology and are blind to whats going on in this country
the federal reserves have been screwing over americans since 1913 thanks to pres. woodrow wilson and the american people know nothing of this
In solidarity with the American people -- & all people -- I call on the current president, his surviving predecessors, Congress, and all U.S. & intl. media; on all who spoke/wrote yesterday to honor President Kennedy on the 50th anniversary of his inauguration: to speak/write now to honor & examine, for the benefit of the American people -- & all people -- his Executive Order 11110 & its fate. President Kennedy stood up for all of you. Now who of you will stand up for President Kennedy? Who?????
This is bigger than Ron Paul. Or any one person for that matter. As a person who was a huge supporter of Ron Paul in 2008, I saw first hand the suppression of ideas. The aristocrats laugh at Ron Paul as if he was crazy, they stoped him at every chance from debating his ideas. The media is the control in which people get information, you control that you control the people, look at the corporations such as GE that own media (NBC). GE also makes weapons. There best interest or ours to go to WAR?
The founding fathers laid the ground work for the continued evolution of man. They did not hold freedom of speech so dear so as only to use it to insult eachother. It was a belief about suppressing ideas. How popular do you think there talk about revolution and declaring soverignty was at first. I am sure the majority saw it as absurd. Just as how it has always been. With freedom of speech ideas can be debated without the ones who have the most to loose being able to suppress those ideas.
It ends, as might have been expected, in the ruin of it's people, but this ruin will fall heaviest, as it ought to fall on that hereditary aristocracy which has for generations been preparing the catastrophe. - Thomas Jefferson (1816)
We must take care of the FED first, that is the biggest issue the American people face. Not terrorism, not a poor economy, not a devalued dollar, the FED!! The thing is this….. unfortunetly, we can't have ONE PERSON, our elected official, to try and abolish the Federal Reserve, because if he tries, he will wind up like JFK and get assassinated. So it must come from the MASSES - WE THE PEOPLE.
In the past hour the keepers of the power in the modern democratic society had the following to say to the world.
"There's nothing more important to us than making sure we do whatever is necessary to respond to any concerns," 8 January, from an office in the United States
Thank you for pointing out your previous intention, your intention and your coming intention with the world, others. I could not have unmasked your criminal objectives so smoothly without your help.
this guy's hand gestures are fake. they're out of synch with what he says, at times and clearly being coached from behind the camera. it's a well funded production. printed money funds
--------The Secret of Oz - English - FREE ------- Money as debt----------------------
know and remember your great history and you shall know what do!!! and what to strive towards! do as your founding fathers did ----You can't just shout "change" and not know what has to be changed!---- I am not an American but your struggle has a lot do with me here in Europe. THE SNAKE BANKERS ARE EVERYBODY's PROBLEM! ------- please thumbs up and spread.
No the US cannot issue debt instruments(notes) as money, it's unconstitutional! The US has the power to coin MONEY. Notes are not money. The Federal reserve system was created so the government could get around this .They are 100% complicit in this ponzi scheme. The US is by far the biggest borrower and can't control it's spending.We should start by repealing legal tender laws except for the banks and the US. They would be forced to except FRNs they created. I doubt Ron Paul would buy this crap.
I've watched his videos. his gig is pretty typical of the banking tactics. put out good amount of (already known) information, gain the trust of the listeners then push through a conclusion that serves our interest.
this guy (most likely jew)has done just that. he opposes constitutional gold standard. his methods are used on a daily basis on the national public radio, at least up to the point when I was listening. it's like, if you want to reach the college-educated, bring in a soft-spoken
Don't blame the Jews globally. The Illuminati banksters and their (often freemason) puppets are in fact Satanists that camouflage as Jews (for the purpose of slandering the critics as 'antisemitics').
The Illuminati agenda could be the same as the 'Protocols of the Known Elders of Sion (Zion)'.
Weird: The lost tribe of the Israelites, the Danites, worshipped Baal (= Satan) on Mount Hermon impudently renamed to Mount Sion (the important hill in Yerusalem). Suspicious!
No No No! Banks do us a favor by providing enough money for us all but not too much you see? Out of thin air. Creating infinite inflation. Using only debt to back it. You see it all makes sense!?!?!?!?
Congressman McFadden on Federal Reserve Corporation Remarks in Congress,
1934
"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over..."
Here is a simpler solution. Just write off the National debt over a period of time and balance that by writing off a similar proportion of consumer debt as well as reducing the money supply by a similar proportion. People who have no debt will benefit from the appreciated value of the dollar.
Wait a minute! I just read the description. Ron Paul? Are you serious? Don't you realize that despite his comments about the Federal Reserve, Ron Paul is a psycho that wants to gut democracy in favor of corporations running everything? He'd never get rid of the Fed and we'd be left with nothing resembling democracy. He'd privatize everything! Ron Paul is a Wall St. wet dream. Even if the Fed was disbanded, Wall St. would still be completely in control of society. It would be a nightmare!
I pledge allegiance to the flag of the united States of America, and to the Democracy for which it stands????????
You might want to do some more homework and you might find out that “Democracy” is (“More cruel than wars and tyrants” Seneca 63BC) is (“two wolves and a lamb voting on what to have for lunch; Liberty is a well armed lamb contesting the vote” Benjamin Franklin) ("is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken)
@KravMike08 So, you prefer a corporate oligarchy where people are just food for the corporations?The Seneca example is amusing-a comic actor who's only government experience was under one of the most brutal dictators in human history. And Mencken, another good one.A racist elitist who thought himself "superior" and part of an "aristocracy".He was a satirist who seemed to hate a lot. As far as the Franklin quote, that was under extremely unusual circumstances in which moderation was weakness.
I pledge allegiance to the flag of the united States of America, and to the Democracy for which it stands????????
You might want to do some more homework and you might find out that “Democracy” is (“More cruel than wars and tyrants” Seneca 63BC) is (“two wolves and a lamb voting on what to have for lunch; Liberty is a well armed lamb contesting the vote” Benjamin Franklin) ("is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken)
People need to stop dealing with banks. Period. I haven't done business with a bank in almost 5 years. And I'm still alive, still got a roof over my head, still eat plenty and still play my guitar.
The fractional reserve system is said to benefit the economy by creating more money for trade then actually exists. This is accomplished through a series of loans from banks, purchases made with the money and the money ending up back in another bank ready to be loaned out again. The money created is not real but a calculation of money movement through banks over time. Time is often an over looked element when trying to understand how money creation happens.
staywithaces1984 1 month ago
@staywithaces1984
No shit the federal reserve want to attract depositers, they dont want you backing your money with something like gold, so you have no way out when the shitty paper collapses. They steal your money. You obviously know nothing about economics or the Fed. you have a very mainstream outlook and believe what you are told. THE FEDERAL RESERVE ARE CROOKS.
MrCa5101 1 week ago
@MrCa5101 Today, the U.S. economy is an important partner in an integrated global economy. Central banks work closely together throughout the world to manage monetary policy.It's too late for the U.S. to unilaterally adopt an isolationist economic stance, and abandon its ability to manage its economy using monetary policy, by returning to a gold standard.
staywithaces1984 1 week ago
@MrCa5101 Your so laughably ignorant. It's "gold standard" the problem with that is a fixed money supply, dependent on gold reserves, would limit economic growth. Many businesses would not get funded for lack of capital. Furthermore, the U.S. could not unilaterally convert to a gold standard if the rest of the world didn't. If it did, everyone in the world could demand that the U.S. replace their dollars with gold.
staywithaces1984 1 week ago
@MrCa5101 People like you that say abolish the federal reserve are either broke Teabaggers fulfilling their need to blame their own financial woes on the government, or rich Conservatives that hate regulation and want to get away with more schemes to increase profits, even if it involves screwing over the little guy.
staywithaces1984 1 week ago
@MrCa5101 Oh yea the Bank of Canada can just print money out of thin air by entering a line in a ledger.
staywithaces1984 1 week ago
If it weren't for the Federal Reserve's backing a lot of banks would have a hard time attracting depositors. Average people would be hiding their money in safes at home. The backing of the Federal Reserve gives average Americans faith in the banking system, without it checking account deposits would be a fraction of what they are today.
staywithaces1984 1 month ago
@staywithaces1984
Yeah right, If it werent for the Fed, people would be backing the money by something real like gold, and people would not be getting these big false loans that they cannot pay off, your probably someone hired by the corrupt Federal Reserve to post good thing about them. THE FEDERAL RESERVE RUINED THE UNITED STATES! ABOLISH THE FED! IF YOU HAD HALF A BRAIN YOU WOULD KNOW YOU CANT JUST PRINT MONEY OUT OF THIN AIR.
MrCa5101 1 week ago
Twelve people are either bots or government agents. Maybe they're people who just had a nervous breakdown. The truth can make you go insane.
That's how illegal our money system should be.
ch3rok33jo3 2 months ago
@ch3rok33jo3 Or they know more about banking than a 3 year old?
patbarkley 1 month ago
Erradicate the Fed! Restore Glass/Steagle.
BeantownJim 2 months ago 2
@BeantownJim
Why?
patbarkley 2 months ago
This has been flagged as spam show
Ron Paul 2012 For President
bawitback 3 months ago
Abolish Federal Reserve, Fractional Reserve Banking and all corrupted organizations! Corrupt politicians and corporations aswell! LOVE AND FREEDOM
8DeaD7 3 months ago
@8DeaD7 How would banking work without Fractional Reserve Banking?
patbarkley 3 months ago
Ron Paul
poopranger 4 months ago
@MrWakethesheeple - no FIAT
pawel2003 4 months ago
What does happen when we abolish fraction banking and ppl start to invest in foreign banks that do still use it?
bnewton81 4 months ago
@bnewton81
How do you abolish fractional reserve banking?
We had it under the gold strandard, right?
patbarkley 4 months ago
@patbarkley There was a problem. Even when the US had a gold standard, the banks had to inflate the dollar in order for transactions to happen. The abolishing of the fractional reserve system can come through a federal mandate. But above all, if the full reserve bank is restored, the economy cannot be on a gold standard or else the amount of gold will not allow the economy to naturally grow. The government from time to time needs to inject money into the supply of banks in order to allow growth.
AdversusHaereses 3 months ago
@AdversusHaereses After this Federal Mandate, how would banks make loans under the full reserve system?
patbarkley 3 months ago
@patbarkley By transfering the money they actually have in their reserves.
AdversusHaereses 3 months ago
@AdversusHaereses If they lend from their reserves, reserves would be less than 100%
patbarkley 3 months ago
@patbarkley I don't understand what you mean. A bank is there to save the money of those who put it into there. A transfer of the bank account to another is just simply taking out the paper from one bank and putting it into another or in the case of the same bank, transferring the credit to another account.
AdversusHaereses 3 months ago
@AdversusHaereses
Do you understand how loans are made?
patbarkley 3 months ago
If you abolish fractional reserve banking what is to prevent people from depositing their money in foreign banks that use fractional reserve banking?
AsciiSillyQuestion 4 months ago
I thought I was the first person who thought of this... Doing this would also force China and other currency manipulators to hold 0% interest earning dollars instead of risk free us treasury bonds.
AsciiSillyQuestion 4 months ago
whay year is this?
secretbubba3 5 months ago
For those of you that see our government is not representing us, we think there are solutions that could cut out "special" interests. If you think true representation is important and you have an open mind, google us. Since this is new, only thoughtful forward thinking people will be interested. Our country needs your energy and imagination.
TheBalancedRepublic 5 months ago
who is in charge of the federal reserve or who own it
g19hoops83 6 months ago
@g19hoops83 nobody knows who the private stockholders of the "Federal" Reserve are, because they keep the names secret. Regardless, we need to scrap the Federal Reserve racket, and the government should issure our money DEBT-FREE.
patbarkley is either stubbornly ignorant, or a shill. The "Fed" is NOT a government agency, and they pay the US Treasury a printing fee to print their privately issued Federal Reserve Notes (our money) for them.
BRYAN351 6 months ago
@BRYAN351
"nobody knows who the private stockholders of the "Federal" Reserve are"
BS. The shareholders are the member banks. Not the list of Jewish families the conspiracy assclowns claim.
patbarkley 6 months ago
@patbarkley oh, so NOW you admit that the Federal Reserve is a private bank, owned by stockholders, and is not an agency of the government? lol It's obvious to all of us what you are. A shit-for-brains troll that loves to argue, or a shill.
BRYAN351 6 months ago
This has been flagged as spam show
@BRYAN351 "oh, so NOW you admit that the Federal Reserve is a private bank"
No. Still owned by the government.
patbarkley 6 months ago
its illegal for anyone to print money other the USA government so federal reserve has commit a crime agaist the USA and should pay for its crime agaist the people of the USA so arrest the federal reservr
g19hoops83 6 months ago
@g19hoops83 The Bureau of Printing and Engraving, a department of the Treasury prints our money.
patbarkley 6 months ago
100% reserve banking? LOL!
Poor Bill, makes all these videos and still hasn't got a clue.
patbarkley 7 months ago
OMG! This clown is hilarious.
patbarkley 7 months ago
@patbarkley You don't understand what money is under the Federasl reserve system. The Government has its money printed by the Fed. They request 1000 dollars. The Fed prints 1000 dollars and gives it to the government with interest attached. The government now has 1000 dollars but owes 1300 dollars (or whatever the interest is). Anybody with even a basic math ability can see that kind of cyclical debt cannot be paid off and so, yes, you do rent your money. Mr. CIA very low level employee, Sir.
Nautilus1972 7 months ago
@Nautilus1972 Well, first off, the government doesn't spend FRNs.
Second, how would FRNs have interest attached?
I don't receive any interest on the $20s in my wallet, maybe the attached interest fell off?
I agree you have a very basic math ability, it's the hard stuff that confuses you.
I'm pretty sure the CIA has better things to do than mock idiots on YouTube.
patbarkley 7 months ago
@Nautilus1972 lol, he says he is cia? bahhaha!!!
903harman 7 months ago
@903harman
No, the moron thought I was CIA, because, obviously, anyone who punctures his
silly claims must be a CIA employee. LOL!
patbarkley 7 months ago
The private banks of the Fed are as follows :
1. Rothschild Banks of London and Berlin
2. Lazard Brothers Bank of Paris
3. Israel Moses Sieff Banks of Italy
4. Warburg Bank of Hamburg, Germany and Amsterdam
5. Kuhn Loeb Bank of New York
6. Lehman Brothers Bank of New York. Not!
7. Goldman Sachs Bank of New York
8. Chase Manhattan Bank of New York ( Rockefellers)
Nautilus1972 7 months ago
No matter what kind of answer you come up with, IT IS NOT GOING TO CHANGE, the present system will fail, so that the CASHLESS SOCIETY , can come into being, THE MARK OF THE BEAST, as the bible calls it. Because the bible tells us it is going to come to pass, therefore, IT WILL COME TO PASS, and we will be entering into a total cashless society, and people worldwide will be faced with what the bible calls the MARK OF THE BEAST.
moseseseseses 7 months ago
How many times have we tried to do this? Ron Paul had a major attempt back in 2002, but still the FED continues to ruin our country. Does anyone think this is even possible this time around?
Ben Bernanke and Alan Greenspan need to be hung in the middle of Times Square.
TheReapersSon 7 months ago 2
Ya know the first thing you notice about this dude?
He's not a jewish.
And so he seems to be able to say things about the state of the world without needing to call it anti-semitism because of the level of responsibility jews share in it.
Elephantintheroom01 7 months ago
Print our way out of debt and use the Fed to sop up the added liquidity? It's pretty clear this individual did not pay much attention in ECON 101!
While it doesn’t appear that this naive proposal is an attempt at comedy…..Some of these quotes are priceless!
walshypoo82 7 months ago
"Such a reform act would guarantee the money supply would stay very stable causing neither deflation or inflation” …..Sure,..let’s just completely disregard the velocity of money or the demand for loanable funds. I love how he implicitly suggests prices are solely predicated on M2. If you’ve never taken a look at CPI vs. %Chng in M2..that might be a good idea before making such a definitive statement.
walshypoo82 7 months ago
However, my favorite one is this:
"This will remove the 2 major causes of economic instability ...The Fed and fractional reserve banking…and most importantly the danger of a severe recession would be eliminated."....Honestly, what are you smoking! If he had done any due diligence whatsoever he’d probably know economic cycles play a much larger role than the Fed (which actually in fact mitigates the impact of this cycle).
walshypoo82 7 months ago
@walshypoo82 "..Honestly, what are you smoking!"
How do you think he pays for his weed?
He makes and sells silly videos.
patbarkley 7 months ago
@patbarkley So what's your idea on this . you got anything better?
22y32g9 7 months ago
@22y32g9
Anything better than what?
patbarkley 7 months ago
@walshypoo82 No son, it's you that don't get it. America has regained control of its currency five times. Lincoln did it with "greenbacks" read your own history. You're renting your own money off sheisters. JFK tried to get you out of it by backing money with silver and look what happened.
Nautilus1972 7 months ago
@Nautilus1972 I don't rent my money.
patbarkley 7 months ago
@patbarkley "Someone has to borrow every dollar we have in circulation, cash or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. It is the most important subject intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it becomes widely understood and the defects remedied very soon."
— Robert H. Hamphill Atlanta Federal Reserve Bank
Nautilus1972 7 months ago
@Nautilus1972
"Someone has to borrow every dollar we have in circulation"
And yet, I have dollars that I haven't borrowed.
patbarkley 7 months ago
@patbarkley The note that you have in your wallet or bank account is owned by the the Federal Reserve. If you look at the top any bill, it states "Federal Reserve Note." The US government allows the Fed to, among other things, print US currency and loan to us (and other governments) at interest the Federal Reserve Board decides. Every year you pay (income) taxes towards the principal and interest of this loan (Please read Modern Money Mechanics for more information)
alby711 7 months ago
@alby711 You are mistaken.
The Federal Reserve does not own the Notes in my wallet.
Yes, my taxes go to pay principal and interest on government debt.
So what?
The Federal Reserve returns billions every year to the Treasury.
Last year it was about $80 billion.
patbarkley 7 months ago
@patbarkley If the fed creates the money, all money has interest due on it. Say they give you $100. Now you owe them $101. Where do you get the 101st dollar? They lend you another $100! Now you are $2 down, and so on until the interest overwhelms you. You can NEVER get out of debt. And you become poorer and poorer. You pay it back thru taxes and thru inflation caused by the increased money supply.
lungcancercure 7 months ago
@lungcancercure "Where do you get the 101st dollar?"
The same place I get all my dollars, my paycheck.
I have some $20s in my wallet. It doesn't have interest due on it.
My mortgage is bigger than my annual income. Oh no, I can never get out of debt.
But I pay it a little bit at a time and I do.
patbarkley 7 months ago
@patbarkley "Where do you get the 101st dollar?" The same place I get all my dollars, my paycheck.
Of course individuals can work and accumulate money debt free, but giant out of control governments cannot. They get their money in only 2 ways, borrowing it, or taxing us. Even if they cut spending by 90+% and stopped borrowing, and only relied on taxes for their money, someone in America still owes debt on every dollar. So, the money supply has to expand forever until the dollar is worth $0.
BRYAN351 7 months ago
@BRYAN351
"So, the money supply has to expand forever"
No it doesn't.
patbarkley 7 months ago
@patbarkley you don't understand. Several of us have tried to explain it to you, but you don't get it. I'm done.
BRYAN351 7 months ago
@BRYAN351
I understand that you don't know what you're talking about.
You were done before you started.
patbarkley 7 months ago
@patbarkley No, Pat. Trying to explain debt-based currency and fractional reserve banking to you has been like trying to describe the Milky Way Galaxy to someone who can't think beyond the confines of the solar system. So, based on this limitation, yes, my attempts were futile.
BRYAN351 6 months ago
@BRYAN351 Blah, blah, blah.
Banks lend a portion of deposits and my $20s don't have interest attached.
Let me know if you're still confused about something.
I'll be glad to help.
patbarkley 6 months ago
@patbarkley now I see why you don't understand any of this. You have is ass-backwards. Banks don't "lend a portion of deposits." Banks operate under the principle of "FRACTIONAL RESERVE BANKING." That means that for every $1.00 a bank has in its vault, they can lend out $10 of new money, which is money that never existed in the first place. It's computer generated digital credits entered into a borrower's account, and then they collect interest on money that doesn't really exist.
cont.....
BRYAN351 6 months ago
@BRYAN351 "That means that for every $1.00 a bank has in its vault, they can lend out $10 of new money"
You're wrong. Banks need to keep a fraction of deposits in reserve. If banks could really create $10 out of thin air for every $1 in deposits, no bank would ever go out of business.
patbarkley 6 months ago
@patbarkley you said: "You're wrong. Banks need to keep a fraction of deposits in reserve. If banks could really create $10 out of thin air for every $1 in deposits, no bank would ever go out of business."
As alby711 suggested, go read "MODERN MONEY MECHANICS" written by THE FEDERAL RESERVE! It defines and explains "Fractional Reserve Banking." As with everything else you've said, you have it ass-backwards. Banks can loan out $10 (or more in some cases) for every $1 they have in the vault.
BRYAN351 6 months ago
@BRYAN351 "go read "MODERN MONEY MECHANICS""
Copy and paste the portion that you think proves your claim and I'll show you why you're wrong.
patbarkley 6 months ago
@patbarkley you don't even know (or are denying for some reason) that the Federal Reserve is a private bank, and NOT an agency of the government. You don't understand inflation, fractional reserve banking, or Ponzi schemes. Yet, you think you can tutor me on "Modern Money Mechanics," which you've never read. You're joking, right?
BRYAN351 6 months ago
This has been flagged as spam show
@BRYAN351 "Yet, you think you can tutor me on "Modern Money Mechanics,""
Cut and paste the portion you think proves your point and damn right I'll tutor you.
patbarkley 6 months ago
@BRYAN351 yup good to see people taking an interest in our monetary system..this sets up our monetary system for failure and secures the nation to become debt slaves. The outcome as we see progressive inflation. It hasn't even been 100 years that the federal reserves has taking over our money and look at how much a gallon of milk or gas was in lets say the 40s and now or even the 50s or 60s or 70s its insane and people just accept it with no revolt.
username0727 6 months ago
@patbarkley that 1 dollar is the fraction
Slim1361 6 months ago
@Slim1361 Yes, they can lend a fraction of every dollar deposited.
A fraction, not a multiple.
patbarkley 5 months ago
@patbarkley part 2.... now let's talk about "INFLATION." Do you know what it is, and what causes it? Probably not. $1.00 today buys only about 5% of what it would buy in 1913 (when the Federal Reserve racket began operation). In other words, $1.00 in 1913 is only worth about $0.05 today. Why?
Money loses its value when too much of it is printed. There's too much money chasing too few goods and services. The money supply has been expanding, because it's a "PONZI SCHEME." cont....
BRYAN351 6 months ago
@patbarkley part 3...the monetary system is a "PONZI SCHEME" because it's constantly expanding, and constantly losing buying power per dollar. They over-print because the govt. BORROWS each dollar in existence from a private bank called the "Federal Reserve", which is as Federal as Federal Express. How is the interest paid? By printing more money. How is the interest for that new money paid? By printing more money, etc etc.
You thought the govt. creates our paper money, didn't you? lol
BRYAN351 6 months ago
@BRYAN351 "They over-print because the govt. BORROWS each dollar in existence from a private bank called the "Federal Reserve" "
When the Treasury sells a bond to the public, they aren't borrowing from the Federal Reserve.
The Treasury pays the interest by charging us taxes.
Just like I pay my mortgage interest with money from my paycheck.
Yes, the Bureau of engraving and Printing creates our paper money.
Any more questions I can answer?
patbarkley 6 months ago
@patbarkley wrong again. Yes, the government sells bonds to the public, but they also sell bonds to the "Federal" Reserve, which is the largest holder of America's debt. Do you deny that the "Federal" Reserve is a PRIVATE bank?
The "Federal" Reserve creates our money, and pays the U.S. Treasury a printing fee to print it FOR them. Take a dollar out of your wallet and look at it. Notice how it says "FEDERAL RESERVE NOTE" at the top? If the govt. issued it, it would say "United States Note"
BRYAN351 6 months ago
@BRYAN351 No, the government does not sell bonds to the Federal Reserve.
Yes, I deny the Federal Reserve, created by Congress, is a private bank.
patbarkley 6 months ago
@patbarkley you're 51 years old, so it's time you took your head out of your ass and started to learn how things work in this world. You're ignorant.
The "Federal" Reserve is no more federal than Federal Express. It's a private corporation, chartered in Delaware, and is owned by PRIVATE stockholders. Do some fucking research. To start, watch the documentary in my favorites called "THE MONEY MASTERS."
BRYAN351 6 months ago
This has been flagged as spam show
@BRYAN351 "The "Federal" Reserve is no more federal than Federal Express"
You're an idiot.
Look at the dividends they paid to "shareholders" last year and compare it to money returned to the Treasury
patbarkley 6 months ago
@patbarkley The initial issuance of the money you receive in your paycheck came from a loan. It might have been from a loan your employer took from a bank. But whatever its source, the money was issued as part of the Federal Reserve System. So even though you don't see the loan, it is there. If the loan was procured by your employer paying interest on it affects how salaries are set.
If you look at your $20's, you will see that they are Federal Reserve NOTES. You pay interest through inflation.
lungcancercure 5 months ago
@lungcancercure
I don't care if my boss had to borrow the money to pay me, why would I?
Interest and inflation are 2 very different things. If you're confused about that, maybe you don't know enough to make intelligent posts on the topic?
Why don't you explain how the Federal Reserve benefits from inflation?
patbarkley 5 months ago
@patbarkley The reason you don't care if your boss had to borrow the money is that you - like most people- don't see the big picture. If your boss didn't have to repay the loan, there would be more money for salaries. So it does affect you even if you don't realize it. Inflation is like interest because both eat way at your principal. Inflation is often referred to as "hidden interest" for that reason. The Fed benefits because it has created the money from nothing. (to be continued)
lungcancercure 5 months ago
@lungcancercure If your "big picture" means not understanding bonds, money supply or inflation, you're right, I don't see your "big picture".
Ummm, the Fed doesn't benefit from inflation.
The Fed creates money from nothing and yet is still hurt by inflation.
When you understand how that is possible, let me know.
Thanks again!
patbarkley 5 months ago
@patbarkley @lungcancercure Pat, if the Fed collects $1B of interest from money it created out of thin air but the printing of that money reduced its value by half that amount, they are still ahead a half a billion.
Also, there is a lag time between when they print it and when the inflation occurs. So when they loan the money to their friends - businesses they have a financial ownership of - those organizations are the first to get the money rather than last...an advantage you and I don't get.
lungcancercure 5 months ago
@lungcancercure
Great, so you admit they do not benefit from inflation.
The Fed has ownership of businesses? Which ones?
How much are they currently lending to these bussinesses?
patbarkley 5 months ago
@patbarkley You've misread my answer. The Fed would be ahead by a half billion dollars in my example.
The FED doesn't own businesses. Rather it is owned BY businesses. The Fed has loaned those businesses many billions of dollars. I don't have the figures, but it is a huge amount of money.
lungcancercure 4 months ago
This has been flagged as spam show
@lungcancercure
"The Fed would be ahead by a half billion dollars in my example"
And if they printed with no inflation, they'd be ahead by $1B
The Fed is not owned by businesses. Current discount window loans are $26 million.
patbarkley 4 months ago
@lungcancercure -- supposedly durning the bailouts the FED owned 80 something % of AIG....how can the FED own anything
pawel2003 4 months ago
@pawel2003 The Treasury owns AIG stock, not the Fed.
patbarkley 4 months ago
@patbarkley The Fed loses out due to inflation like everyone else on the one hand, but they are the biggest winners on the other because the inflation takes time to take effect. The first ones to transact the money get a jump on the last person to get the money. Normally it takes about 9 months from the printing to the full inflation of that printing takes effect. Today many banks are sitting on the money so it might take longer for the money to fully circulate.
lungcancercure 5 months ago
@lungcancercure "The Fed loses out due to inflation like everyone else on the one hand"
LOL! Thanks for admitting your error.
"they are the biggest winners on the other because the inflation takes time to take effect. The first ones to transact the money get a jump on the last person to get the money"
Not if the first one buys a bond with it. LOL!
Thanks again. I always enjoy it when I can show someone their error and help them learn the truth.
patbarkley 5 months ago
@patbarkley even if it's true that the Federal Reserve returns billions in interest to the U.S. Treasury every year, all of the mega-banks who also own tons of our debt sure don't, and the mega-banks are largely owned/controlled by the same people who own/control the Federal Reserve. The usury racketeers get their "vig" from us one way or another, you can count on that.
BRYAN351 7 months ago
@BRYAN351
It's true, banks that buy Treasuries earn interest for loaning our government money. So?
You're free to buy Treasuries as well.
patbarkley 7 months ago
@patbarkley all dollars are BORROWED INTO EXISTENCE. You may not owe debt on all the dollars in your wallet, but someone out there does. That means it's a Ponzi scheme, because the money supply HAS to grow larger and larger, year after year, but no matter how large is grows, there will NEVER be enough money to pay off all the debt, because every dollar is borrowed into existence, and has debt attached to it from day one. Do you understand?
BRYAN351 7 months ago
@BRYAN351
Who owes interest on the $20s in my wallet? Spell it out.
The money supply doesn't have to grow year after year.
Why would we need or want to pay off all the debt?
No, I don't understand how interest is attached to my $20s.
patbarkley 7 months ago
@patbarkley The $20 dollars is interest free.... The monetary supply grows with population, there needs to be a $20 bill in everyone's wallet not just yours.
You don't need to pay off all the debt, but responsible government should do it while borrowing money for the sake of wars.
davejsmith 7 months ago
This has been flagged as spam show
@davejsmith "The $20 dollars is interest free"
Thanks, I knew that.
"You don't need to pay off all the debt, but responsible government should do it"
Yes, the government spends, and wastes, way too much.
patbarkley 7 months ago
@walshypoo82 you need to watch the entire 3.5 hour documentary that this 8 minute clip is from, because you don't know what you're talking about. Watch "THE MONEY MASTERS" in my favorites.
BRYAN351 6 months ago
If the soutions are so obvious how come no one has done it...How come Obama won`t do it...? How is it that the subjects of these changes are not on the lips of every American or for that matter every self respecting Individual in the Western World. The answer is simple, they are all asleep & unaware that they are Slaves..!
Untill they can be awakend from their sleep nothing will change, for it is ONLY the Strength Of The People that can make this happen.. Now you know what to do JUST DO IT..
Oldpeacefulwarrior 7 months ago
@foolsreturn Of course it's familiar. If you don't learn from history, you're doomed to repeat it. Isn't it ironic that the only Presidents to have been assassinated have been those to stand up to the banks and/or openly expose the truth? Lincoln and the greenback era. JFK and Executive Order 11110. McKinley and his policies on Treasury bonds and gold standard. Garfield and his remarks on monetary power. Jackson's (avoided) assassination. People just don't get it. The bankers win every time!!!!!
thepalmetto 8 months ago
In our country's inception, the founding fathers felt the most important topic was economics. It still is today. Ron Paul's simple message (to me) of abolishing the FED and going about our country's finances justly and appropriately; in the hands of America, not the banks. He renews the spirit of Andrew Jackson. Americans become too caught up in trivial debates of gay marriage and abortion. We are slave to the bankers! Why doesn't America see we are enslaved!!!!
thepalmetto 8 months ago
Why isn't this video EVERYWHERE!! Folks seem to be afraid of the obvious. President Kennedy tried and was ASSASSINATED! Ron Paul isn't saying ABOLISH..but auditing..Auditing won't help. ABOLISH!! Those that resist this idea are the problem!
Tribulatoryfighter 9 months ago
@Tribulatoryfighter Because not enough people care/the ones who do, have no power. The wealthy elite have the real power & would never allow the abolition of their Fed. Reserve ca$h cow. There is a reason the "rich get richer & the poor get poorer". The Fed can manipulate interest rates & with it, the stock market. The wealthy elite have this special bit if inside info, which means, the rest of us aren't on an even economic playing field. Without info, Wall St is more like Vegas, for us.
gjc82071 9 months ago 2
@Tribulatoryfighter The fed hides behind politicians. Even the smartest people don't see the reality of the contol they have. Don't worry, people are waking up. Have faith. Have faith that Ben franklin, Thomas jefferson, and Andrew jackson (also Taft! Ron paul allways mentions this president) will not be forgotten.
srpenquino 8 months ago
You guys advocating a gold standard really haven't watched the whole movie and don't really know the history behind it. This plan is NOT to impose a gold standard. It's a call to end national debt and the plutocracy that runs our economy. Watch the Secret of Oz here on youtube for a comprehensive history on monetary reform.
etzel33 9 months ago
Nice ideas! But it seems too late to educate anyone right now!
rebelq1 10 months ago
80% of Americans dont know this about hteir own country yet the whole world knows...what a shame...the dumbing down of the population has worked...my American University mate can not even point out france and spain on the map.
mombushkahn 10 months ago
The first step is to abolish paper money like Singapore. Have all transactions by credit or debit card like what singapore is trying to do
all028 10 months ago
The FRB of NY received $8.4 trillion last year from the auction of Treasury securities---OFF OF THE BOOKS--without any mention in the ANNUAL REPORT TO CONGRESS or to the public ! The Ponzi scheme Fed confiscated inflict perpetual indebtedness on society and confiscate the wealth of the people while impelling the nation to national bankruptcy. Its embezzlement ! The mathematical inevitability is at RIP OFF BY THE FEDERAL RESERVE or 3W scribd dot com, message 48194264
oldereb38 11 months ago
This has been flagged as spam show
The Fed obtained $8.4 trillion last year from the auction of Treasury securities---OFF OF THE BOOKS--without Congress and the public being aware of it !!!! The Ponzi scheme Fed does not even report the income as they confiscate the wealth of the people and inflict perpetual indebtedness and national bankruptcy. Search the mathematical inevitability at RIP OFF BY THE FEDERAL RESERVE or 3W scribd dot com, message 48194264
oldereb38 11 months ago
THE BEAST IS ALIVE AND HUNGRY AND IS DEVOURING THE WORLD ! IF THIS IS NOT ENOUGH SIGN TO U ABOUT THE ENDTIMES I DONT KNOW WHAT WILL....
PLISKEN12 11 months ago
but how can this be when the owners of the federal reserve got their tentacles deep into
the government who will protect their interests???
PLISKEN12 11 months ago
@PLISKEN12 Executive Order 11110 AMENDMENT OF EXECUTIVE ORDER NO. 10289
outlawracer2229 11 months ago
This has been flagged as spam show
When corporate tax rates decline in the 34 OECD member countries, then government revenues decline. It is Fraud
Just Google search: "Corporate Executives Deny 57 million Americans healthcare - by Bill Woollam" I surmise it is an orchestrated scam where International CEOs lobby member nations to lower corp. tax rates. Then, as one member country at a time reduces corporate tax rates, the pressure is put on remaining member countries to lower their corporate rates in order to compete "globally".
Chidanandaji 11 months ago
11 federal reservist voted
warisbs 11 months ago
RON PAUL
GOD BLESS AMERICA SAVE OUR COUNTRY SAVE EUROPE
21scuderia 11 months ago
Ron Paul is one of "them" too... watch?v=97wghBjEmNY stop at 30 seconds
djwondermike 11 months ago
Guys we need to find a way to spread the message of Ron Paul
rast123456789 11 months ago
ROn Paul!
brian91145 11 months ago
either that or send in the troops and arrest the central bankers.
3089280288 11 months ago
Makes too much sense!
It would NEVER WORK.....
Ron Paul would NEVER become President for two reasons:
1. He's too old
2. He's too radical for the two-party establishment. He wants to change how the government works and uses money. The GOP, in particular, would NEVER
let him get within a 1000 miles of a nomination
Like last time, they buried him with 3% support
He has NO backing in the GOP!
DOA!
toyotas2006 1 year ago
Ron Paul 2012
sain0777 1 year ago
American we are so stupid why do we have to do all this stupid stuff taxes taxes, we pay so much for mortgages and call it the American Dream. WE call American Land of The Brave and the home of free bull shit...
Bigole58 1 year ago
The Ponzi scheme federal reserve fraud is mathematically shown to steal from the people and end in national bankruptcy at 3w scribd dot com message 48194264 as RIP OFF BY THE FEDERAL RESERVE along with other websites.
oldereb38 1 year ago
look for the money masters, thats where this video is from and it`s a long movie.
wcgold2 1 year ago
the american people dont care about the economy or the war in iraq and afghanistan or anything of importance
Americans have they're heads so far up the asses of facebook, jersey shore, and the latest iphone or some other type of bullshit technology and are blind to whats going on in this country
the federal reserves have been screwing over americans since 1913 thanks to pres. woodrow wilson and the american people know nothing of this
spatesel 1 year ago
Audit the fed, support H.R.459/S.202Paul
CharliePeters 1 year ago
to watch the full video type this into google
THE MONEY MASTER FULL
ITS 3 1/2 HOURS LONG LOL
GLICKTON 1 year ago
In solidarity with the American people -- & all people -- I call on the current president, his surviving predecessors, Congress, and all U.S. & intl. media; on all who spoke/wrote yesterday to honor President Kennedy on the 50th anniversary of his inauguration: to speak/write now to honor & examine, for the benefit of the American people -- & all people -- his Executive Order 11110 & its fate. President Kennedy stood up for all of you. Now who of you will stand up for President Kennedy? Who?????
20jan1961 1 year ago
Every word; perfectly said!!! Stop those fuckers!!
Vazquez71 1 year ago
This is bigger than Ron Paul. Or any one person for that matter. As a person who was a huge supporter of Ron Paul in 2008, I saw first hand the suppression of ideas. The aristocrats laugh at Ron Paul as if he was crazy, they stoped him at every chance from debating his ideas. The media is the control in which people get information, you control that you control the people, look at the corporations such as GE that own media (NBC). GE also makes weapons. There best interest or ours to go to WAR?
theRevolutionof2012 1 year ago
The founding fathers laid the ground work for the continued evolution of man. They did not hold freedom of speech so dear so as only to use it to insult eachother. It was a belief about suppressing ideas. How popular do you think there talk about revolution and declaring soverignty was at first. I am sure the majority saw it as absurd. Just as how it has always been. With freedom of speech ideas can be debated without the ones who have the most to loose being able to suppress those ideas.
theRevolutionof2012 1 year ago
It ends, as might have been expected, in the ruin of it's people, but this ruin will fall heaviest, as it ought to fall on that hereditary aristocracy which has for generations been preparing the catastrophe. - Thomas Jefferson (1816)
theRevolutionof2012 1 year ago
We must take care of the FED first, that is the biggest issue the American people face. Not terrorism, not a poor economy, not a devalued dollar, the FED!! The thing is this….. unfortunetly, we can't have ONE PERSON, our elected official, to try and abolish the Federal Reserve, because if he tries, he will wind up like JFK and get assassinated. So it must come from the MASSES - WE THE PEOPLE.
60microphonemajesty 1 year ago
In the past hour the keepers of the power in the modern democratic society had the following to say to the world.
"There's nothing more important to us than making sure we do whatever is necessary to respond to any concerns," 8 January, from an office in the United States
Thank you for pointing out your previous intention, your intention and your coming intention with the world, others. I could not have unmasked your criminal objectives so smoothly without your help.
ImperatorKuzco 1 year ago
this guy's hand gestures are fake. they're out of synch with what he says, at times and clearly being coached from behind the camera. it's a well funded production. printed money funds
MohammadX101 1 year ago
over 25% of the HOMELESS are VETERANS, Soldiers get a Super High Dose of HEXAFLUORSILICIC ACID falsely labled SODIUM FLUORIDE
Problems blamed on Agent Orange was really a High Dose of H=ACID, Gulf War Syndrome H=ACID
HITLER added High Dose to Water at CAMPS People like WALKING DEAD see book "FLUORIDE THE DEVILS POISON"
their adding it to Water, Food, Soft Drinks wwwFluorideActionnet
REX-84 the Soldiers they send will be DRUGGED with H-ACID
This ACID is Destroying the HUMAN MIND & BOD
deadadelta 1 year ago
THE GAO NEEDS TO AUDIT THE FEDERAL RESERVE!!!!
VIKING33NY 1 year ago
This has been flagged as spam show
FELLOW TRUTH SEEKERS, YOU MUST WATCH THIS
--------The Secret of Oz - English - FREE ------- Money as debt----------------------
know and remember your great history and you shall know what do!!! and what to strive towards! do as your founding fathers did ----You can't just shout "change" and not know what has to be changed!---- I am not an American but your struggle has a lot do with me here in Europe. THE SNAKE BANKERS ARE EVERYBODY's PROBLEM! ------- please thumbs up and spread.
fullfist 1 year ago
Two years of stable currencies, lol. 16DEC2010.
GameOver1260 1 year ago
No the US cannot issue debt instruments(notes) as money, it's unconstitutional! The US has the power to coin MONEY. Notes are not money. The Federal reserve system was created so the government could get around this .They are 100% complicit in this ponzi scheme. The US is by far the biggest borrower and can't control it's spending.We should start by repealing legal tender laws except for the banks and the US. They would be forced to except FRNs they created. I doubt Ron Paul would buy this crap.
rmstorms 1 year ago
I've watched his videos. his gig is pretty typical of the banking tactics. put out good amount of (already known) information, gain the trust of the listeners then push through a conclusion that serves our interest.
this guy (most likely jew)has done just that. he opposes constitutional gold standard. his methods are used on a daily basis on the national public radio, at least up to the point when I was listening. it's like, if you want to reach the college-educated, bring in a soft-spoken
MohammadX101 1 year ago
@MohammadX101
Don't blame the Jews globally. The Illuminati banksters and their (often freemason) puppets are in fact Satanists that camouflage as Jews (for the purpose of slandering the critics as 'antisemitics').
The Illuminati agenda could be the same as the 'Protocols of the Known Elders of Sion (Zion)'.
Weird: The lost tribe of the Israelites, the Danites, worshipped Baal (= Satan) on Mount Hermon impudently renamed to Mount Sion (the important hill in Yerusalem). Suspicious!
InfernoFuture 1 year ago
@InfernoFuture don't put words in my mouth mother fucker, when did I blame the jews globally fuck head?
MohammadX101 1 year ago
This has been flagged as spam show
spread the w0rd!
through time the country has been taken over under a cloud of lies and deception
a time will come for THE mass civil dis0bedience
and it starts with the
2011 inc0me-tax pr0test
DONT FILE
2011 inc0me-tax pr0test
DONT FILE
spread the w0rd!!
t0gether we can send THE message
serrtucheserrtuche 1 year ago
burn the money
SuperKare123 1 year ago
No No No! Banks do us a favor by providing enough money for us all but not too much you see? Out of thin air. Creating infinite inflation. Using only debt to back it. You see it all makes sense!?!?!?!?
just4funzees 1 year ago
Congressman McFadden on Federal Reserve Corporation Remarks in Congress,
1934
"Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to Federal Reserve Banks, hereinafter called the Fed. The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over..."
KravMike08 1 year ago
OUTLAW FRACTIONAL RESERVE BANKING!
IF THEY HAVE SUFFICIENT RESERVES
THAN THERE LOANS ARE GOOD
IF NOT THEY ARE IN DEFAULT
AND FORFEIT THE COMPLETE CONSIDERATION
waterchildtera 1 year ago
He telling you what to do people are wanting for someone to do it first it's never going to happen.
Native1stearth 1 year ago
Here is a simpler solution. Just write off the National debt over a period of time and balance that by writing off a similar proportion of consumer debt as well as reducing the money supply by a similar proportion. People who have no debt will benefit from the appreciated value of the dollar.
tsafa1 1 year ago
Corruption. I doubt The Federal Reserve will ever be abolished because prophecies have to unfold.
b3njamin0912 1 year ago
@b3njamin0912 The Fed will never be abolished because Wall St. is so powerful they've purchased democracy and sold to the highest bidder.
TheStulzRage 1 year ago
@b3njamin0912 its been done beofre in 1832
ednan9 1 year ago
Wait a minute! I just read the description. Ron Paul? Are you serious? Don't you realize that despite his comments about the Federal Reserve, Ron Paul is a psycho that wants to gut democracy in favor of corporations running everything? He'd never get rid of the Fed and we'd be left with nothing resembling democracy. He'd privatize everything! Ron Paul is a Wall St. wet dream. Even if the Fed was disbanded, Wall St. would still be completely in control of society. It would be a nightmare!
TheStulzRage 1 year ago
@TheStulzRage
I pledge allegiance to the flag of the united States of America, and to the Democracy for which it stands????????
You might want to do some more homework and you might find out that “Democracy” is (“More cruel than wars and tyrants” Seneca 63BC) is (“two wolves and a lamb voting on what to have for lunch; Liberty is a well armed lamb contesting the vote” Benjamin Franklin) ("is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken)
KravMike08 1 year ago
@KravMike08 So, you prefer a corporate oligarchy where people are just food for the corporations?The Seneca example is amusing-a comic actor who's only government experience was under one of the most brutal dictators in human history. And Mencken, another good one.A racist elitist who thought himself "superior" and part of an "aristocracy".He was a satirist who seemed to hate a lot. As far as the Franklin quote, that was under extremely unusual circumstances in which moderation was weakness.
TheStulzRage 1 year ago
This has been flagged as spam show
@TheStulzRage
I pledge allegiance to the flag of the united States of America, and to the Democracy for which it stands????????
You might want to do some more homework and you might find out that “Democracy” is (“More cruel than wars and tyrants” Seneca 63BC) is (“two wolves and a lamb voting on what to have for lunch; Liberty is a well armed lamb contesting the vote” Benjamin Franklin) ("is a form of worship. It is the worship of jackals by jackasses." H.L. Mencken)
KravMike08 1 year ago
People need to stop dealing with banks. Period. I haven't done business with a bank in almost 5 years. And I'm still alive, still got a roof over my head, still eat plenty and still play my guitar.
TheStulzRage 1 year ago
@TheStulzRage Where do you keep your money if you don't deal with banks?
b3njamin0912 1 year ago
@b3njamin0912: I pay bills and spend it.<