creature from Jekyll Island 10 of 12

[stjdavis]

The average person is too dumb to understand any of this. Can you put it into a cartoon, comic, or beer commercial?

[stjdavis]

Get your money into gold while its still legal!

[whatdyoucallme]

I can't believe people aren't revolting in the street. Oh wait....

[1Rennae2]

The Federal Reserve is a parasitic entity feeding off the wealth of the American people. It should be put down for good.

[jimmyrtle]

Yeah, banks don't want you to pay back the loan.

What a clown.

[larryjoehoffman]

@jimmyrtle you obviously missed his point.

[jimmyrtle]

@larryjoehoffman

His point was wrong.

[larryjoehoffman]

@jimmyrtle "Yeah, banks don't want you to pay back the loan.

What a clown."

Banks don't want you to pay back the loan, since most loans are backed by you putting up collateral they don't care either way, either they get the interest off a loan that has 0 risk for them since they created money out of nothing or they get your collateral, what do you think is worth more to them? The money they loaned you from nothing or your house.

[jimmyrtle]

@larryjoehoffman "since most loans are backed by you putting up collateral they don't care either way"

Right, banks don't care that they have thousands of foreclosed homes instead of the money.

"either they get the interest off a loan that has 0 risk for them since they created money out of nothing"

Banks don't create money out of thin air and loans they make are a real risk.

[PresAndrewJackson]

@jimmyrtle Banks DO create money out of thin air. Looks like the boat left and you weren't on the boat.

[jimmyrtle]

@PresAndrewJackson Clearly banks do not create money out of thin air.

You should open a new bank and without taking any deposits, try to loan $1,000,000.

Let me know how that works out for you.

[PresAndrewJackson]

@jimmyrtle Get me a Central Banking License + a willing government and i will drown you in fiat currency. In case you still don't get it: there are no deposits. Government obligations are converted into units. That's it. The units are declared legal tender and their value rests on the credibility of the government. Which is zero since it needs to loan in the first place. And even though regional banks need deposits, they still create money out of thin air through fractional reserve banking.

[jimmyrtle]

@PresAndrewJackson The claim was that banks create money out of thin air. They don't.

Central banks do make money out of thin air.

There is a difference, you know, between banks and central banks.

[PresAndrewJackson]

@jimmyrtle Regional banks do too, it is called 'Fractional Reserve Banking'. It is the practice of lending out money that you don't have. The 'promise' becomes the credit.

[jimmyrtle]

@PresAndrewJackson No, regional banks cannot lend out money they do not have.

[PresAndrewJackson]

@jimmyrtle By the way, you either are blind as a bat or deliberately spreading falsities since banks have been toppled by bank runs throughout history and central banks were created EXACTLY to counter that problem. Everyone can look it up. You also have no idea what fractional reserve banking is, you probably believe magical fairies created national debts and you think inflation is a natural phenomenon.

Either way, the boat left and you weren't on it. I look forward to your hilarious reply.

[jimmyrtle]

@PresAndrewJackson "You also have no idea what fractional reserve banking is"

Please explain. Especially the thin air part. Thanks!!

[PresAndrewJackson]

@jimmyrtle Fractional reserve banking means that you may loan out a certain percentage of your assets. But since many of your loans will ALSO be instantly deposited in accounts at your bank the moment you seal the deal (for example, mortgages) you can then AGAIN loan out a percentage of that asset (fresh deposit). Basically you're dealing with liabilities that are instantly offset with assets (claim). This way you can repeat the process to the smallest fraction possible. The money doesn't exist.

[jimmyrtle]

@PresAndrewJackson "Fractional reserve banking means that you may loan out a certain percentage of your assets."

Yes. Except change assets to deposits.

So a $100 deposit, for example, allows a $90 loan.

[PresAndrewJackson]

@jimmyrtle And that very same $90 loan is then deposited in an account. This same $90 then allows a $81 loan, summing up to a total $171 in liability which already exceeds the $100 deposit/asset and it doesn't stop there, it goes on and on. And this is dealing with only $100, imagine this process with the typical astronomical values banks usually deal with.

[jimmyrtle]

@PresAndrewJackson Yes, if they borrower puts the $90 into another account, that $90 allows an $81 loan.

In each case, the loan is smaller than the deposit that supports it.

In neither case is the bank creating money out of thin air.

[PresAndrewJackson]

This, however, deals with regional banks. At the top level (Central Bank) is where the real 'thin air' part takes place. The Central Bank has no saved up deposits or otherwhise material valuables which it hands over to Government. Instead, the Government signs debt papers (obligations) and in return the Central Bank hands over bank notes. The value is added to the notes by having them backed by Government (debt). That's it. However, the bank does see fit to charge interest on those bank notes.

[PresAndrewJackson]

@jimmyrtle So summarized: a bank loans money to a government which is backed up by the government itself in the form of obligations to the bank. In laymans terms: the bank says "Guys, these paper bills are good because your government promised me to compensate me". It is a relay of debt from the government to the people; a closed circle. Meanwhile interest is charged and payments demanded, which have to be paid from this closed circuit. And so more debt will be needed to postpone default.

[jimmyrtle]

@PresAndrewJackson "So summarized: a bank loans money to a government"

Government doesn't take loans from banks, they sell Treasury Notes, bills and bonds.

[PresAndrewJackson]

@jimmyrtle Treasury notes, bills and bonds are obligation papers. Debt papers. From the moment this debt comes into existence interest debt is being accumulated. Interest is charged on loans. The Government loans from a bank. The bank loans to a Government.

So yes you could say Government 'sells' to the bank, but the exact thing they are selling is their promise to pay. It is literally creating debt. Just like me writing on a piece of paper that i legally owe you $100 just because i declare so.

[jimmyrtle]

@PresAndrewJackson Yes, when the Treasury sells a bond, bill or note, they're obligated to pay it back.

Yes, they pay interest on those securities. Yes, that debt is created. Just like GE creates debt when they sell a bond. So what?

[addvoc8]

Obama isn't the problem - don't glorify his that much - Obama is a mere symptom.

[xYouthAttackx]

this has been going on since 1913!!! when are we going to wake up and revolt! no one politician is going to get us out of debt. obama? please! he is in on the scam!

[wolfgange63]

Preach it Ed!!!

[Zecamala1234]

REVERSE BRAINWASHING

Do that to yourself

To your family

To your country

To humankind

The future of our planet depends on it

[Ilikemustard]

Can someone tell me how he got $172k interest? I'm getting different numbers.

[Zecamala1234]

That's why I call our country "United Slaves of America" .

[vomit55]

@Zecamala1234 /watch?v=SVjP8NESj9Q

[aquollie]

You're missing the point. It's not just the United States, it's the world. Look at the countries that do NOT have a central bank / Fed....Iran, Iraq (until recently), Afghanistan (Until recently) North Korea, so who's in the axis of evil again? Ever ask yourself if you're not just living in a dream. Wake up and start making a difference.

[nwofunclub]

we all slaves to this system

[Requiemxtoxinnocence]

We are born into bondage, this cycle is going to continue until people realize what's happening, come up with a solution that will end it all, and bring down those who have enslaved us for generations.

[GARYMAX1313]

0 = 999999999999999999999999999999­99999999999999999999999999

[Anothercoilgun]

Finally someone showed the truth of the home loan scam.

[Blakewor]

I wonder whats in the Fort Knox vault.....

[unsheepled]

@Blakewor If an audit was permitted..... we would find it empty of gold

[rolynstone48]

Time for these PIGS of power to be gutted and roasted over a spit !

[jneil2007]

I don't get pissed about this stuff anymore. Don't get me wrong I care and will protest it, but I believe in God. And I'm sure He will not accept usury.

[spasmoid1971]

Remember this video was made BEFORE the goldman and sacks bailout!

[mysticphoebos]

What these banks have done makes me ill, I mean it is so disgusting.

[ma23gh]

this is so real!!!! power to the truth!

[freedomfighterone]

The US government is totally controlled by the banking plutocracy.

[LV07TSK]

There REALLY IS a small band of paranoid but SUPER rich people who devote their life-time and life-energy to seeing that THEIR particular fancies plaid out in reality: like the ultimate Sims game!! Time for REBELLION...fuck REVOLUTION, heard it already, it just revolves right back to where it all began.

[Dean0000007]

@LV07TSK

Rebellions have no structure or idea in which to replace the present system, a simple rebellion creates anarchy.

[Overcastkid747]

I've came to the conclusion the only way to stop central banks would be for the banks to completely run out of human resources, and/or at the same time run out of natural resources for the people to use. That is kind of fucked up, but that's what banks are designed for...

[adityamodernite]

3:25

[dontskipabeat]

Forward this video to EVERY email you've got.

[HatRatt]

In the example of the home built for 70k, he stated the interest payment that is to be made by the owner on this home BUT he for got to mention the amouont of TAXES the owner will pay to the gov. over the 30 years (be sure to include the sales taxes on the materials and labor to build the home).....and not to mention the income tax paid on the owner's income needed to qualify for that bank loan.... and the car tabs, boat tabs taxes on utilities...

[nonaubiznis]

Ed Griffin has been talking about this stuff for a long time. Note that the biggest bail out he cites is the Continental Illinois failure which took place some time in the mid eighties.

That he has not been given two to the head is testimony to the confidence of those in control.

[rlilewis]

I have his book here right in front of me, it says the first edition was published back in 1994. This cycle has been going on and on for decades. Nothing has changed.

Same bullshit, different decade. It will continue over and over and over until people wake up and smell the bullshit.

[majikninja07]

Did this mother fucker predict the bailout???......i do think the bailout shit started in mid to late october of 08

[olga2415]

When that "bailout" money which was simply printed to be "made out of nothing" , hits the streets, a terrible inflation will result...then the banks will begin to refuse to loan even those with great credit ratings (if illness or other misfortune takes place-or the breadwinner loses his or her job), decent, hard working people will lose their assets. Depression will be not far off on the horizon.

[firefox8192]

the most high is gona light this organized evil ass up.

[aifammafiaaifam]

wheres jimmy stuart when you need him.....

[MrThetruetruthseeker]

How about Jesus return and kick the Bankers assssssss.

[stazzou]

the solution is easy though... Make lending money with interests illegal... Someone who needs to buy a car or a house and doesn't have the money shouldn't have to pay the car twice the price, this is stupid. Problem is things have been going on like that for such a long time... it's too well admitted now.

[bjarnet3]

OMG!!,, United States citizens have been slaves to the Bankers for a long time.

[shanquilla562]

it's not just the US, it's the whole world....you Stupid fucking Douche-Bag...lol Geez, what a fucking dumbass moron.....lol

[niklasbastholmhansen]

@bjarnet3

Nonono...The people have been slaves by the politicians, that have colluded with bankers to retain their power. You see, the bankers, who are deeply corrupt individuals, would never be able to do this without the help of the politicians. It is only because you have a political system that this is possible. Check out the channel "Freedoman radio" here on youtube for hundreds of videos on how we can get rid of the federal reserve and central banks around the world :) Peace

[bjarnet3]

@niklasbastholmhansen If you go into my channel you can see that I am already a fan of Stefan Molyneux and his Freedomain Radio.

[WizardKing78]

Mr Griffin is an excellent orator and a brave man.

[not8upwthit]

Indeed I'm very impressed with Mr. Griffin

and he must be very brave ,crazy or part of it. I have no doubt that the people behind the FED would have no problem making someone like Mr. Griffin .. just go away !

[LV07TSK]

@not8upwthit this video is a profound experience in its ownright....the UNDENIABLE truth of your statement is even more jarring....that we live in a world where BOTH of these things are How It Is....its to the point where once people realize the Truth inherrent here, they just feel (know?) that they are powerless to have any effect, or affect. And consider: US culture PROMOTES violence...why? so we'll battle each other instead of acting together against "Them" ?

[HomesteadProvocateur]

The Ultimate Goal of these elitists? MARK OF THE BEAST

They are preparing their kingdom for the Antchrist.

[louis12346]

A new world economic order might seem rhetorical, he said. But it is a true goal we should be aiming towards today right here in Rome weve embarked on a very significant journey, both technical and ethical.

The G7 delegates in a joint statement vowed to avoid protectionism as they seek to stabilise the tottering world economy and financial markets and said stabilisation of the world economy was their highest priority.

[jaysuf100]

Any one can say anything, many socialist promise to take care of everybody if we just give them control. History has proven that from Rome to the dark ages to Communist Russia socialists always bring suffering and pain.

[CJDfromJTF]

G-d bless you for doing this series.

[basskiller101]

when you control all, then you only let out the information you want

[westlv]

Those sons of bitchestime is running out for these bastards

[TiffanySouthall]

Wow I have to get you book!

[rpbox]

yes, part 11 would be great. I believe this was from either 1993 or 1994.

[anongrey]

Part 11 please. Incredible, when was this made?