Understanding Money and Inflation Part 1 (1 of 4)

[nobodymuch]

Money is NOT created by the government. It is created by private corporations.

[jumpoutatree]

But regardless, griping about the Fed or who killed Kennedy or lizard people isn't going to help anyone. Read Karl Marx if you want an accurate description of capitalism and how this is all going to end.

[jumpoutatree]

cont'td... Which has led to the situation we're currently in, which is that a large portion of the workforce is considered superfluous. Our nation has only survived since the 1970s by creating bubble after bubble in one sector of the economy after another. At long last we had nothing left but our homes, and when that bubble burst the financial system crumbled with it. There is nothing left but to either radically re-think capitalism, or accept a permanently elevated level of unemployment.

[jumpoutatree]

I think that everyone who's into these anti-FR conspiracy theories has spent way too much time watching BS documentaries of the sort made by Alex Jones and the like. I feel pity for anyone who doesn't immediately realize that Alex Jones is a con man. Anyway, the real problem facing this country is that our manufacturing economy, which was once the pride of the planet, has been systematically sold out from underneath us, and the main culprit is corporate greed and lust for profits. con'td...

[xXXBOBLOBLAWXXx]

Whomever doesn't understand the the Fed Res is a private bank that is only there to make profits for themselves and this type of banking from these families has been going on for centuries needs to watch "Money Masters" and you will get a much better explanation. "American Dream" is not bad either for a short animated version. Money Masters will clear it up. Then watch the history of the Rothchild's or "Obama, Rothchilds Choice" Very good. VOTE RON PAUL POTUS 2012

[jumpoutatree]

@xXXBOBLOBLAWXXx The FR is not one bank. 'Money Masters' is a trashy conspiracist video that looks and sounds every bit the fraud that it is. Lee Harvey Oswald killed JFK. I agree with you 100% about Ron Paul in '12.

[TheHeidelbergKid]

2:13 I'm confused here. It's easy to take money around: put it in your hand and walk.

[crizpy9119]

The government doesn't create the money at all, the Fed does.

[mubaraqtopeakere]

In an ideal situation, where and when Real Gross Domestic Necessity Goods (RGDNG) such as Food and Agriculture is the unit of account, demand and supply of necessity goods (food and agriculture) is directly proportional to Real Gross Domestic Product (GDP). Thus, Real Gross Domestic Necessity Goods (RGDNG) prevents inflation and unemployment.

[mubaraqtopeakere]

Long-term Elimination and Prevention Technique for Inflation and Unemployment

An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security. Do you agree or disagree?

[mubaraqtopeakere]

Long-term Elimination and Prevention Technique for Inflation and Unemployment

In an ideal situation, where and when Real Gross Domestic Necessity Goods (RGDNG) such as Food and Agriculture is the unit of account, demand and supply of necessity goods (food and agriculture) is directly proportional to Real Gross Domestic Product (GDP). Thus, Real Gross Domestic Necessity Goods (RGDNG) prevents inflation and unemployment.

[mubaraqtopeakere]

An intrinsic, limited and scare non-necessity commodity such as gold, silver nor fiat money, as the unit of account, and non-globalization of macroeconomics is to blame for financial crisis. Food and Agriculture, as the unit of account, is the long-term solution for financial crisis, with complement to rules under the Rome Declaration on World Food Security. Do you agree or disagree?

[ChefEarthenware]

"Money is created by our Government...". Er, no.

If they don't understand this simple fact then the rest of the video doesn't have much credibility.

[PositiveMoneyUK]

A biggest public campaign has started to end fractional reserve banking, look at the POSITIVE MONEY website and support the campaign ...and spread the word.

[Aynarchist]

jeo

[MochizMuM]

Holy crap alex trebek?! gonna school me on money? ill take awesome for 100 please!

[movieman0222]

Thanks

[ReasonSharp]

"Money is a mysterious substance."

And that's when I realized that this video won't teach me anything about money, or inflation. Watch something else, this video is only here to distract you if you honestly wish to learn. Check out my favorites list, I have some good videos that discuss money there.

[hexzerg]

@topographicoceans11 Countries need to go back to a gold standard. This statist kenyesian view of endless inflation to help economies grow is a bunch of nonsense!

[Phydido]

@hexzerg Actually, the kenyesian view of inflation has a point. It exists so civil servants don't end up overpaid, since their pay is never adjusted downwards. Besides, we have better uses for gold, like microchips and stuff.

[kevjay777]

@hexzerg A gold standard isn't realistic now and even if it were, guess who owns most of the gold? The very assholes who're running the present debt-based fractional reserve ponzi scheme. There's nothing wrong with fiat currencies as long as they're not debt-based and governments issue them. But then you have to make sure the body politic do not become greedy and ignorant. Greed and ignorance are what allow representative governments become corrupted by the money-power:

Cycle begins anew . . .

[SSTTEEAALLTTHH]

@hexzerg

Churchill tried that in the 20's in England. The result was catastrophic to say the least. FR-banking must end, but reverting to the gold-standard is just not a viable option at this point without further plunging people into misery.

[jumpoutatree]

@hexzerg Keynesians don't believe that inflation helps economies grow. They believe that economic growth is the result of a business cycle that also includes periods of deflationary contraction, and that during times of economic contraction government spending is a suitable means of maintaining a healthy aggregate spending level. Inflation occurred before the Federal Reserve and before Keynes was even born. Since the 80s, inflation rates have basically flatlined for almost thirty years now.

[TheHeidelbergKid]

@hexzerg There isn't enough physical gold in existence to represent the global economy. I think it's high time we abandon the ways of Mr. Smith. It's time for me to grab my hammer and my sickle.

[timetraveler3797]

Money is melted for a reason: the material becomes more valuable than the face value because of inflation.

[PFWoody488]

This vid states that the US govt controls the money supply. It doesn't. The Federal Reserve does.

It also is so outdated that it makes no mention of electronic money, which does not exist except inside of computers, and composes the largest segment of the money supply.

Watch the "Money As Debt" series.

It is far more informative and relevant.

[jumpoutatree]

@PFWoody488 The Federal Reserve does not "control the money supply".

[Aynarchist]

@jumpoutatree According to them, they do. Read #2. They don't control the VALUE of money, but they do control how much of it there is. They control the supply of dollars in existence, which is commonly referred to as the "money supply." If you don't believe this, look at a dollar bill. "Federal Reserve Note." They print the money, they control the money supply. Google the definition of the term.

[jumpoutatree]

@Aynarchist You're telling me that 'according to' the Federal Reserve, they control the money supply? What a joke. The Federal Reserve banks also do not print money. No bank prints money. Only the Treasury Department has that authority. The Federal Reserve engages in several different types of operations, all of them legal and sanctioned by Congress, aimed at trying to influence the movement of interest rates, but the Federal Reserve cannot dictate the number of dollars in existence.

[xXXBOBLOBLAWXXx]

@jumpoutatree You are partially right. The fed does not actually print the money themselves. However, they don't have to print it. They can monetize it directly into the system electronically. So they CAN CREATE MONEY and HAVE CREATED TRILLIONS that they loaned to foreign banks. This is a DIRECT TAX on us as it creates inflation of the prices of goods because it DEFLATED the value of our dollar.

[xXXBOBLOBLAWXXx]

@jumpoutatree Watch "Money Masters" and you will get the entire picture. Yes, what SOME of what the fed does is "legal" but it has ONLY been because they have used bribery and fear (JFK ASSASINATION) to force congress to create a climate that they are able to get away with these atrocities. THEFT

[Bopkasen]

Obama don't misunderstand Money.

You didn't pass college degree without money yet you flunk it.