Second Look at the Federal Reserve by Edward Griffin 4 of 7

[solar9019]

I like lectures and videos like this. People can deny the nwo and write people Like me off as waky "conspiracy theorist" but here the facts and the truth prove themselves

[69vmac]

Griffin is amazing. The book is life-changing. His research is so thorough. For more information on the mechanics of the monetary system, search "Why we are in so much debt" on YouTube.

[jimmyrtle]

@69vmac "The book is life-changing"

If by life-changing you mean full of silly errors, I agree.

[donttrustany1]

we are fuckked.....if we continue to choose to be.

[Elephantintheroom01]

lol kinda makes you sorry for the old USSR... how'd they bank? And how'd they lose?

[chrispyt77]

@Elephantintheroom01

You should read his book - it has a whole chapter devoted to that topic called 'Masquerade in Moscow'.

it is DEFINITELY a book worth buying!

[marxbitesall]

Dead wrong ebola. You totally misunderstand just like the govt wants you to.

Inflation is 100% and purely function of the amount money circulating. PERIOD!

Hence the expression "priming the pump" when they print new money to juice the economy. Or "stepping on the brakes" when the contract the contract trhe money supply.

Expansion & contraction is 100% responsible for the booms and subsequent busts deceptively blamed on free market "business cycles" that dont exist.

[EbolaVirus1717]

what about the fed's cuts in the current crisis? inflation is still low despite that, because demand is shrinking.

also, what about supply shocks in the 70s and 80s, which caused a good about of inflation?

also, whether expansion/contraction of the money supply affects inflation isn't necessarily tied to the market cycles, and shares the assumptions that makes RET incomplete, i.e. lags, ratcheting, etc.

[EbolaVirus1717]

It seems to me that he ignores other causes to inflation, like increased demand and supply, which are larger than printing paper...

and interest rates exist, as do loans that are adjustable to inflation, to mitigate how much inflation affects the lender.

[pran1zzle]

FFS! EbolaVirus you know shit about economy do you? Supossing that's true, you think the increasing demand of lets say, 'computers' represents a BIG portion of US economy? or food? or health? or videogames? or all of those combined?. Jesus you fucking retarded piece of shit, you are just a fucking victim of conditioning who thinks exactly as they want you to think. Go suck rotschild's dick you fucking monkey... learn about economy and then form a fucking opinion dumass. YES. IM FUCKING MAD !!

[EbolaVirus1717]

lol. just lol.

the economy is always growing, people are getting better wages, etc. that means people are always demanding more, in addition to external reasons demand is increasing, i.e. exports and government spending. the fact that the supply of these goods isn't increasing at the same rate is what causes inflation. whether a specific good is the crux of the economy is irrelevant, because the demand for goods in general is increasing.

[pran1zzle]

Hahahahaha really pal, you know absolutely shit about economy. Listen dummie; the profits of the amount of 'missing goods' you mention, or demand exceeding offer in other words, does not even compare to the amount of money created out of thin air. And that 'out of where' money my monkey friend, IS what CAUSES inflation. I mean, ffs kid. Read what you just said. Fucktard, If money comes out of nowhere ehhh...

think for a second?

I'm serious, kill yourself.

[pran1zzle]

Besides dumass, you really think scarcity is a product of demand? lol, twelvie, scarcity is a controlled mechanism to increase Value. You know? to increase profits? just like diamonds?

Every single phenomenon in economy is orchestrated very carefully by the people at the very top. And that's because they control the currency, thus, they control what's being done with it as well.

[EbolaVirus1717]

resources are limited. that's scarcity. some of it is artificial, but the majority isn't.

your immaturity is not very becoming by the way. nor does it give you any credibility. the fact that no economist, even milton friedman, agrees with your interpretation of economics.

and you seem to disregard that the fed always balances its money creation with buying and selling bonds.

[pran1zzle]

"and you seem to disregard that the fed always balances its money creation with buying and selling bonds. "

Confirmed, you don't know how the federal reserve and the entire economical system of the US works. Go learn about it and then get back with an argument. That's not balancing fucking retarded cockroach, those are government bonds remember? and the government is as sinked into the problem as the FED. It's its Accomplice actually.

Name and link a non-artificial scarcity. A significant one.

[marxbitesall]

wrong Ebola - inflation is singularly the process of extra money bidding up prices.

First users like govt and its pets get the FULL purchasing power - all others downline dont pay higher prices but that the dollars are all worth less.

Get govt OUT of our money & markets they intervene in w/impunity - ie this Ponzi banking system of elite enrichment and we can again have bank runs again to punish corruption vs govt protecting its cartel credit card w/no limits.

[guitarpilot1]

Oh your so right! However, your frustration might weaken the delivery.  Unfortunately presentation effects the mind way before reason. I wish there was enough cursing and swearing that would wake people from there dream world. If they had the information you have we might be able to muster enough seriousness to stem the tide of folly. Meanwhile the majority will continue down the river of foolishness.

[chrispyt77]

@EbolaVirus1717

fractional banking is the greatest cause of inflation.

this coupled with the 'elastic' currency ie, money out of nothing with interest attached adds the sucker punch to the inflation double whammy.

If there was a free economy then supply and demand might make a difference, but that hasn't really existed for near on a hundred years.

with inflation, Supply and demand is just a sprinkling on top of the major problems i mentioned.

[jimmyrtle]

@chrispyt77 "fractional banking is the greatest cause of inflation"

You know we had fractional reserve banking under the gold standard, right?

"money out of nothing with interest attached"

So what? My $20s don't have interest attached. Do yours? Who do you pay?

[chrispyt77]

@jimmyrtle

I know that - but the reserve limit was actually observed. Now it is not, and the reserves are closer to zero

As Ed explained - the loss of purchasing power is the hidden nature of the inflation tax. The FED and the govt are the ones who benefit. All fiat money including your 20's has interest attached: the money is lent into existence by the FED to the government, and the government has to pay back that amount plus interest. stuff 'getting more expensive' is how you pay.

[jimmyrtle]

@chrispyt77 Reserves are closer to zero? Where?

In the US, banks currently have $1.6 trillion in excess reserves.

How does anyone collect the interest attached to my $20s?

How does the Fed benefit from inflation? They own bonds you know, or do you think inflation is good for bondholders?

You know the money supply is more than what the Fed buys, right?

[Islandflyer99]

This was recorded about 14 years ago and yet is so appropriate for today. It sounds like the presentation was given yesterday in response to the events financial scams revealed in the last two weeks.

[marxbitesall]

As true and as serious as a heart attack!

[AtomicPunk23]

Wow, I never knew that the federal reserve was just a front to tax the people without their direct knowledge. That's both brilliant and disturbing.