Money As Debt - Fractional Reserve Banking - Cartels Robbing the Public (1/5)

[davisoneill]

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.

[IsraelNathanael]

These bastards are gonna pay for what they're doing, sometimes I get so angry watching videos like this. BUT I NEED TO KNOW! The time will come, that is a promise you can take right to the bank.

[damaged01]

Resource Based Economy.

[PositiveMoneyUK]

A biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.

[darkblood626]

You can tread on a snake that has no fangs fang’s all you want,The problem is every one knows the government is corrupt but they won’t fight back (with the second amendment or handbags) as they are dependent on the state, every one nowadays is too lazy or stupid to take care of themselves and freedom requires independence. Even if the people responsible for out enslavement went on TV said yea where screwing you over people would just shrug it off and buy another fucking iphone.

[Omgadnowai]

@darkblood626

So true.

So exasperating. So aggravating. So despairing.

[JaysThoughts]

Actual MONEY or material Wealth is not debt. Federal Reserve notes are debt. I would just like to make that distinction. The banksters understand this distinction or they wouldn't be buying up all the actual gold money.

[Patriot4Liberty1776]

@JaysThoughts

good point Jay -- I was referring to our current debt based system.

[JaysThoughts]

@dudemusicspace I am correct for the reason you just said- "due to fractional reserve." So material wealth, actual goods and services, do not in any society or between private people entail IN AND OF THEMSELVES debt. They themselves are not debt. Money.. is not debt. Federal reserve notes are. Wealth is not debt- debt has been imposed upon it.

[dudemusicspace]

@JaysThoughts Like I said in 'real terms' money is debt... on an individual basis it doesn't have to be owed back to anyone legally speaking... but so much has been made in such a way as to make it all debt overall.

[JaysThoughts]

@dudemusicspace Because that's what we have here in the US. That's why that's what I'm talking about. All money and wealth does not exist inside of a fractional reserve system. With or without the federal reserve. So all money and wealth are not debt. That monetary system propagates debt. Money ITSELF is not debt. What about that is unclear?

[dudemusicspace]

@JaysThoughts The world economy is one giant fractional reserve system and in the west loan money demands interest... if the money you speak of exists on another planet... then no... it isn't debt maybe... otherwise it is when looked at as a whole here... as there is not enough money in circulation in the world to cover all the debt in the world...  money has lost any value once ascribed to it... it has become a negative equity... all world money is now debt... due to systemic failure.

[JaysThoughts]

@dudemusicspace So by "in real terms" you mean.. under the Fractional Reserve banking Federal Reserve system. So.. the Federal Reserve.. is reality. ?? Everywhere. Pervasively. For every good and service that exists globally and privately between individuals. ..No?? Not going to argue that with you. You take the point- work (services) and goods (material) are not IN AND OF THEMSELVES debt. Certain people can demand that they are by force. But it's not debt all on it's own or no matter what.

[dudemusicspace]

I have no idea why you are connecting Fractional Reserve Banking to the Federal Reserve only... it is a practise used by most commercial banks! Money really is debt... it's fact... I'm sorry but you need to look into it more.

[dudemusicspace]

@JaysThoughts You also describe 'gold money' here... the gold they buy is not coinage i.e. 'commodity' money... the dollar and sterling et al are 'fiat' money... commodity money i.e. gold coins went out a long time ago and the 'gold standard' in the UK for example went a long long time ago. Anyway out of time explaining this... money as used today is debt... due to there being no equivalent deposit for loans made and hence various artificial inflations... very clear... debt.

[TheAngryCanary]

@JaysThoughts

A clear way to define money is - "A physical symbol of something owed to the bearer." So a note that says, "The bearer of this gets an ounce of gold is money. The actual note is the money. So you can trade lumps of gold. Or oil. Or barter food. Or you can trade money, which is much easier physically, but people must trust the money is "good". They must have faith that it is redeemable. So our fiat currency is not actually "money". But it has value because you pay taxes with it.

[ajhumour]

Listen to the song

Making money - Consensus

Spread the message

peace

[ienttellinya]

The fractional reserve banking system is legal slave ownership, because the bank creates all money out of thin air, and expects the debtor to pay all the money back with interest. If all money is created in the bank, where does the money to pay the interest come from. It doesnt exist. Thats like me loaning counterfeit money for real money with interest. You wouldnt accept this from a con artist, so why accept it from a national bank

[SilentNoMorePubs]

One of the simplest and best explanations yet is the YouTube video WHY WE ARE IN SO MUCH DEBT. Highly recommended.

[joy4118]

I wish our bootlicking economic professors in universities would have enough courage and decency to tell their students what our "money" really is. But they like their cushy well-paying jobs and don't care so much about what happens to the rest of us.

[FrankensteinFinance]

This unique and informative video never fails to reveal something else, another angle, a new view. For me, this 'master work' by Paul Grignon is an international treasure. Cheers!

[lennhart]

Google this: EconPapers: Fractional Reserve Banking as Economic Parasitism

also available in a PDF file. Any posting re: FRB should inform themselves. An excerpted quote: \History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." --|John Adams

[Patriot4Liberty1776]

@lennhart

If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.

[lennhart]

@Patriot4Liberty1776 Another strawman. This is about SS--NOT your psuedo philosophy which you don't even understand.

[Patriot4Liberty1776]

@lennhart

I have never addressed you claim of Social security -- This video is about Fiat Fractional reserve banking -- It is the cause of our problems -- Your talking point of SS is a Symptom of the fiat monster enslaving us.

[lennhart]

Sticking labels on me does NOT change a single fact. And the fact is that EVERY GOP tax cut has resulted in verifiable GAINS by just one percent of the total population. Only this elite and the FRACTIONAL BANKERS who serve them have benefited. Check the Bureau of Labor stats for PROOF that EVERY OTHER segment of the population has gotten poorer. FACTS! Also check the Census Bureau, and the U.S. Commerce Dept -B.E.A. for confirmation.

[Patriot4Liberty1776]

@lennhart

You are a tribalist for the blue team at this time in your life. Your actions speak to this self worn label with pride. You are unable to see BOTH parties work together and blame the opposing tribe for self-justification. The Truth ?? The largest redistribution of wealth to the top 1% came from a Dem house and senate with a Dem for a President to bailout Wall Street by enslaving Main street and the Red team was for it too!

THEY WORK TOGETHER -- TO ENSLAVE US for their Wishes

[Patriot4Liberty1776]

Tribalism is a primitive over simplified way of looking at the Reality of our situation.

Libertarians are TRUE Progressives -- as the promote the individual to live as they want without masters dictating to them -- a new concept for human evolution over the last 600 years or so.

Authoritarians - such as Neo-Cons, Social conservatives, Modern day American liberals, socialist ALL Come from the same cut of the cloth -- They ALL want to use FORCE (government) on you to promote their causes.

[lennhart]

@Patriot4Liberty1776 prove that you know what a 'progressive' is!!! My position re: the big banks came up with respect to SS which has ALWAYS run a surplus; ergo --the BANKSTER want to 'privatize' it. That is a scam! I happen to think it also bad economic policy but ---clearly --that's over your head. I suggest you read any university level economics text. Oh ---BTW --'fess up: you have NEVER taken an econ course, have you? 'Fess up!

[Patriot4Liberty1776]

@lennhart

No need to get mad because I am more liberal then you are :)

No need to throw out ad hominems -- you are speaking with a well informed indiividual

There is NOTHING Private about being controlled by a central bank who gives money to Collectivist using the government force to gain a competitive advantage in the market place.

[Patriot4Liberty1776]

@lennhart

The perversion of the word "progressive" in today's American society gives rise to the Idea that the government OWNS your wealth through taxation -- This is not promoting human evolution to allow the individual to live to their own accord. Rather it further enslaves the individual to the states wishes for their welfare/Warfare causes.

Only Voluntary measures thrives Enslaving ppl will always fail no matter what cause is used to promote it

[lennhart]

@Patriot4Liberty1776 Nothing in the word 'progressive' implies anything of the sort. You don't get to define words for me. Comprende? You tell me just how FREE you are when --as a result of GOP-O-NOMICS most of your 'wealth' i.e. the value you create by work winds up in the hands of ...last time I checked ...just ONE PERCENT of the total population. Fact is: YOU ARE A SLAVE!

[Patriot4Liberty1776]

@lennhart

I am one of the biggest progressives you will ever speak with and will ALWAYS error is the side of the individual to live Free and choose how to live to their own accord. Authoritarians will break this philosophy and advocate force for their own agenda.

Social Republicans, Liberals, Socialist, Neo-Cons, Republicans, Democrats ALL want to use Force (government intervention) over the individual for their own causes

[lennhart]

@Patriot4Liberty1776 Dude, you don't even know what a 'progressive is. i don't BUY your definition; 2) your use of it re: me is STUPID. I never stated that the government OWNS my wealth nor yours. And if I did --WTF does that have to do with FRACTIONAL BANKING? I stated that giving YOUR money to BIG BANKSTERS is stupid! Now -I may be a progressive, you IDIOT, but urging people NOT to trust big banksters is NOT the litmus test, numbnuts!

[Patriot4Liberty1776]

@lennhart

No need to get mad because I am more liberal then you are :)

No need to throw out ad hominems -- you are speaking with a well informed indiividual

There is NOTHING Private about being controlled by a central bank who gives money to Collectivist using the government force to gain a competitive advantage in the market place.

[Patriot4Liberty1776]

@lennhart

Modern American "progressives" in today's culture help to RE-ENSLAVE the individual to the States (master's)wishes -- This gives rise to the idea that we are owned and have master's dictating to us how to live.

In Fact, It is very REGRESSIVE to advocate the state owns part of your life and as many in today's American left do. They are for Free will in civil matters but believe in Government force in economic decisions

[lennhart]

@Patriot4Liberty1776 That's nonsense. Progressives are not trying to enslave anyone. You just made that up! Moreover, you are ignorant of American history; you are not even using the term 'progressive' correctly.

[Patriot4Liberty1776]

@lennhart

REALLY? So the Fact the advocating governmental force to my income is not enslaving me to the state's wishes? -- That is Laughable allowing ppl to decide for me

Like I said I am one of the biggest progressives you have spoke to in advancing the individual to live as they want. Your Idea of Progressing the Governments Force into others lives is regressive

Ask yourself are you progressing the governments agenda or the individuals to live free from a master in their life.

[lennhart]

@Patriot4Liberty1776  Who are talking about. None of your blather applies to me. You just like to toss meaningless labels around. Frankly, that;s all the right wing is good for.

[Patriot4Liberty1776]

@lennhart

Terms are Organic

Progressing More governmental Control THROUGH FORCE of other people's money for the State's wishes does Not equal Freedom -- You are not Free you have Masters and so do I.

Progessing the Individual to Live Free From masters as libertarians do in all areas is Progressing Human society as this IS A NEW CONCEPT FOR HUMANS -- 600 years ago the individual had almost no say in their lives.

Libertarians Promote the individual -- this is Progressive

[asleeperj]

@lennhart A true liberal is far more right wing than that of the conservative party. The left are authoritarians, the conservatives are less so, but still authoritarian in nature, the centrist is swayed where ever the votes hopefully take them. Sounds like you would like to be a libertarian (or classical Liberal,) but you cannot cope with shedding the ties to a failed 2 party system.

[lennhart]

@Patriot4Liberty1776 Another strawman. The TOPIC IS THIS: 1) SS is NOT in trouble as GOPPS imply; 2) GOP proposals do NOT address your ill-thought out and vague philosophical ramblings; RATHER the GOP does NOT propose to REFUND to you SS monies withheld. Rather, Joe and McCain propose to let BIG BANKSTERS play WITH YOUR MONEY whether you like the bank or not! Address the issue! I am NOT INTERESTED in your vague, psuedo philosophical, and ill-thought out over generalizations.

[Patriot4Liberty1776]

@lennhart

John McCain = Obama only a triablist cannot see that they Both Promote a big powerful government full of authority over the individual

Are you unable to see adjectives are Organic? They change all the time!!

THe founders WERE LIBERALS -- they were NOT trying to conserve King George's Government

Progressing a big powerful authoritarian government as many modern day American liberals and Conservatives do is not FREEDOM

[Patriot4Liberty1776]

@lennhart

ALL authoritarians fail over time.

Promoting more governmental authority into the lives of individuals is Regressive

Social conservatives want less government in their financial but then they want to tell others how to live. Many Liberals are OK with telling ppl to live how they want but they feel they have a right to other peoples income.

BOTH use governmental force to achieve their regressive ways

[lennhart]

@Patriot4Liberty1776 I am PROUD to be a liberal! LIBERAL means free! Conservatards are authoritarians and, by definition, are NOT free. In practice that means that they are NOT free to think clearly, NOT free to seeks out facts and from them draw ACCURATE conclusion; NOT free to escape the top-down authoritarian dictatorship of the GOP leadership. thanks to gop-0-nomics, just one percent of the nation owns more than everyone else combined. GOP tax policy!

[asleeperj]

@lennhart Sorry guy, you are a progressive.

If you where a liberal, you would support small limited government, Individualism, and a government that does not mettle in the affairs of the free market so far as it is the one who makes the rules, enforces the rules, therefore it should not be allowed to play.

[noyouaintgettingit]

@lennhart dude, look, If you really stood for freedom you'd look past the left-right paradigm and you'd vote independant. Libertarians and Constitution Partiers are the best bet. The Government isn't your friend. Must you be reminded of atrocities the US government has committed, such as the Tuskeegee Syphilis Experiment, Operation Cyclone... the Gulf of Tonkin, JFK's assassination...... Gary Webb, Barry Seal, Oliver North, Manuel Noriega..btw Kennedy was one of the greatest presidents we had

[noyouaintgettingit]

@lennhart But you need to realize establishment candidates on both sides that attend Bilderberg meetings get BRIBES to pass legislation from huge major global conglomerate corporations. That is Oligarchic Kleptocracy. That isn't even a DEMOCRACY as you envision it.

[BrimstoneLandscapes]

@lennhart You're not a liberal, you're a Democrat.

[DeanVX05]

@lennhart The problem with your argument is that you're ascribing the terms "liberal" & "conservative" (or "Conservatard" as you said) to our two party duopoly. You're failing to understand that there is really no difference between Democrats & Republicans. Both parties have been bought & paid for by powerful outside interests. If you really want to be free, then you'll support the Libertarian Party. It's time to get out of the IMF, the BIS & the UN. We also need to shut down the FED.

[Patriot4Liberty1776]

@lennhart

The word Progressive in today's American political culture is a perversion of the true meaning of "Progressing" human society to allow the individual to live to their own accord.

600 years ago -- individuals had no say -- THey were property of the king, the emperor or some other dictator they lived under. The individual had no rights, if these rulers wanted you dead then you died.

[lennhart]

Fractional banking is just ONE reason NOT to let the big banks get their mitts on the Social Security trust fund. If the big banks had control of SS, it could be completely wiped out in the first recession. Check your history. Every recession-depression has occurred during a GOP regime.

[Patriot4Liberty1776]

@lennhart

tribalist like you who play phony left v. right politics are part of the problem. Always promoting your tribe as if its actually a solution when the TRUTH is both (tribes) parties have used the boom bust cycle to their advantage.

It's not left v. Right -- It's the individual v. the State!

Obama = Bush's third term -- they both serve the special interests rather then main street

[lennhart]

@Patriot4Liberty1776 This has nothing to do with left v right --or shouldn't anyway. It has to do with thinking CLEARLY about what works and what doesn't. Letting BIG BANKSTER create financial crises from which just ONE PERCENT of the total population benefits is insane, possibly downright stupid. The people have DUTY to inform themselves. It is also VERIFIABLE that GOP policies specifically have ALWAYS resultied in literal transfer of WEALTH to the TOP 1 percent.

[lennhart]

@Patriot4Liberty1776 you have overused your word of the day 'TRIABLIST'. You're an idiot and labeling people is bullshit. Facts are verifiable. For example, just ONE PERCENT now own more than about 95 percent of the rest of us combined. Those trends are easily discerned in official stats and/or graphs from the Bureau of Labor Statistics, the Census Bureau, the U.S. Commerce Dept - B.E.A. The trends upward were worst under Reagan, Sr. Jr. Trends reversed BRIEFLY by Clinton, resumed by JR.

[lennhart]

@Patriot4Liberty1776 You don't know what you're talking about. You're an idiot. Get a life!

[MrMick73]

How is it possible for a country to lend another money if they have different currencies ? If countries are lending money on computer screens and its all digital then who is entering the transactions, which bank do these countries belong to ? and why do countries borrow money if money is backed by nothing . All governments are printing money in their currency so why do they need to sell sovereign bonds to borrow at interest. I see anarchy coming if too many people work this out.

[lennhart]

@MrMick73 Currency is traded as a commodity. When dollars are exchanged for Euros, you are --in fact --BUYING Euros. China BUYS a lot of dollars; otherwise --the dollar would collapse. China has a good reason for doing that; they want to continue SELLING THEIR SHIT to the U.S. via Wal-Mart. The U. S. is on the the bottom of the CIA's World Fact Book with the largest NEGATIVE Current Acct Balance, formerly called the 'balance of trade deficit'; CHINA is on top with the LARGEST POSITIVE C.A.B.

[MrMick73]

watch?v=_dmPchuXIXQ

zeigeist

[baconified]

Watch: The Money Masters, if you haven't seen it already. You will like it.

[btwbrand]

2 months old Reply to Walkingthroughout.

The federal reserve is private.. But they control interest rates, not the printing of money.

Money is requested to be printed by Congress and the treasury makes sure it gets done.

[banker5978]

Reply to WalkingThroughOut. The Federal Reserve Bank prints the currency, not congress, nor treasury. On any U.S. currency note, it's states that this bill is a " FEDERAL RESERVE NOTE ". It's like if I wrote a note about something, that's my note printed. Same thing with our curreny, it states once again " FEDERAL RESERVE NOTE ", that's the note they've printed.

[newexperiment]

This video is amazing. Needs to be uploaded in HD imo.

[Lingerfoot]

Ron Paul and Jesse Ventura - 2012!

[putyourendtowar]

you're right, it's all one big ponzi scheme with the spoils going to the victors until the larder is empty...

[Lingerfoot]

Sir, how is it a big ponzi scheme with the spoils going to the victors? Please explain... Peace!

[putyourendtowar]

capitalist enterprise continues on an upward spiral through inflation at the expense of third world resources and aboriginal lands through private holdings run on interest loans. the gap is ever-widening with no stabilization in site. add to this the criminal practices of raking interests and profits from stock exchanges, savings and loans and it looks pyramidal to me, not unlike the old egyptian priests

[RonRepublican]

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

[710britt]

I think congress is in on the scam.

[faanunu]

Wait til they try to create "wireless" money... no physical cash (all info on a chip)... then we are really screwed.

[putyourendtowar]

do i hear "chip card" anyone?

[BeanGene]

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented. Banking was conceived in inequity and born in sin... But if you want to continue to be slaves of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit .

~ Josiah Charles Stamp quotes

Government control over money is the problem. Gov. dependance is the resolution.

[putyourendtowar]

maybe only next to taxes, which account for at least 50% on every dollar

[DontTread0nMe1776]

@putyourendtowar especially when you include the hidden tax of inflation.

[hellsunicorn]

Thank you for uploading this Patrio4, I've seen America Freedom To Fascism several times, but I've never encountered this film before. Very informative. It even explains how banking was originally supposed to work.

[psxwarrior]

This makes me so sick. They aren't loaning out anything. If most americans would wake up and understand this, we would see another american revolution. The whole idea that the bank is making a loan is a pack of lies from the pits of Hell.

[Lingerfoot]

What do you mean that they are not loaning out anything? I don't understand. Peace!

[putyourendtowar]

you don't have to get sick, and definitely don't get that confusticated flu shot! you just have to hold your ground locally with your own community. share and support local resources, forget the world banks. they are crooks. if you watched the movie couples retreat with vince vaughn, and stayed after the credits, you would get a glimpse of the quiet american revolution presently taking place.

[Lingerfoot]

@psxwarrior - What do you mean that they are not loaning out anything? What do you mean that the idea the bank is making a loan is a pack of lies from the pits of he@@? I don't understand, why do you say that the bank is not loaning out anything? Peace.

[TheCashistrash]

@Lingerfoot banks currently are not loaning much money. the few loans they do make are to people who have virtually impeccable credit. The banks right now are making most of their money by buying Treasuries at a guaranteed rate and by foreclosing on peoples homes that have equity. The banks are also making money buying other banks at distressed prices. Later once the consolidation is complete which can take years they release the money which will cause prices to rise and they sell for profits.

[camilocuesta]

@psxwarrior Just think about how would the world be if there weren't any loans or interest, and if the money will be always backed by gold. That would bring us back to the middle age. Which at least would be good for the enviroment. As the video says at 5:32, "as the industry expanded, more and more people asked the goldsmith for loans", that is completely wrong. The industry didn't expand by itself, it expanded because the loans, not the other way around.

[psxwarrior]

@camilocuesta The problem isn't the loans. Even without the loans, the industry could still expand. Money is just a tool to help it get there in an organized fashion. If it were backed by gold, prices would be WAY down because of the lack of so much gold to go around. One gold coin could buy you a nice three piece suit, instead of $50.00 buying the same suit. You get the idea.