How Abolishing the Fed Would Change Everything | Llewellyn H. Rockwell, Jr.

[LeviDanielBarnes]

what's "private money production"?

[SelbachDistrict]

does anybody else see the floating shadow in the background?

[ssgurgs9]

Rockwell kind of looks like Bernanke, maybe Bernanke is Rockwell's evil twin brother?

[SirTenenbaum]

Austrian economics rules! It is essential to libertarianism.

[ministerjosephkirk]

Ron Paul is a traitor.....

[PensFan35]

@ministerjosephkirk

Are you fucking kidding me?

[elmolovescookies]

its a shame that ron paul will never win in his own republican party because he upsets the establishment and status quo and he speaks WAAAY too much truth for people to want to accept.

[se7ensnakes]

Take head: Gold has been tried before, the latter part of the 1800s was a battle for a stable economy, because the money trust crime families still manipulated the economy with credit. By the use of fractional reserve banking. everyone who sees this video should also find William Jenning Bryan's famous “Cross of Gold" audio speech.

[THEINVENTABLETHREAT]

Really, this guy is speaking in Alabama? Alabama is a welfare state which receives twice as much money as it gives from the federal government. Alabama's infrastructure is federal welfare program in which my taxes, even though I live in Illinois pay for Alabama.

[swu880]

@THEINVENTABLETHREAT

uh- thats quite irrelevant aint it- ad hominem

[ItsAllAboutGuitar]

jazzbo66zz is a Troll. Ignore him.

[Und3ad666]

Corportsm usually refers to Mussolini's oligarchy, which would be something Libertarianism would be against. 

[jazzbo66zz]

@Und3ad666

You are correct and that is precisely why Libertarianism is irrelevant to the discussion. Capitalism is a power structure. For reasons that cannot be understood w/o critical distance & be better explained later in terms of Anthropology, Capitalisms performance remains unexamined. Two recent investigations into how free market ideology has poisoned politics & capital upends democracy are the following; Invisible Hands/ Kim Phillips-Fein & Beth Moreton's, To Serve God & Wal-Mart.

[Hashishin13]

@jazzbo66zz Yea because the alternatives of communism, fascism and theft based socialism are soo great.

[CollegeSmart1]

What is the Austrian school take on the corporate entity?

It would seem that under an Austrian system, the corporation, especially in concert with others, would have a greater degree of freedom with which to become despotic.

[jazzbo66zz]

@CollegeSmart1

The Libertarian Party is a low budget remake of the GOP circa Ronald Reagan. I am still waiting for these crackpots to propose a program of positive structural change that consists of something beyond the same failed laissez-faire class pyramid we have inherited from the past 30 years of anti-government government. Ron Paul could not lead a successful cub scout meeting. As I see the evidence RP is another lonesome cowboy in a Brooks Brothers suit & the public is not in the mood.

[CollegeSmart1]

@jazzbo66zz I wasn't referring to the Libertarian political party. Rather, what is the ideological stance on corporatism. I may be wrong, but early libertarianism in America might actually predate the GOP.

Chomsky alludes to early libertarians being opposed to the existence corporate entities in the following speech (I believe somewhere within this part, though it may be in the first or third). watch?v=W9Nf7FYnrx8&feature=re­lated

[jazzbo66zz]

@CollegeSmart1

"Corporatism" is a shibboleth. A corporate entity represents a merger of capital production, accumulation & political influence. The principle distinction between a corporate entity & any other business entity is the scale of its powers. Libertarian politics leaves the established mechanisms of capitalism at the heart of our asinine idea of "property rights" unexamined. Voters would do well to recognize that what lurks behind the "economy" is an entrenched elite, white patriarchy

[zip68]

@jazzbo66zz shut the fuck up

[Hashishin13]

@jazzbo66zz you keep refering to "libertarian politics" don't you know libertarians don't want government AT ALL? There is no political power to coerce people with in a real free market. If you have a problem with free assosciation, free exchange and owning yourself and that which nobody else has claimed then I don't really understand how.

[Bloodstryke]

"But seek first his kingdom and his righteousness, and all these things will be given to you as well." (Matthew 6:33)

[icebear1946]

A gold standard didn't work in 1900 (Briant's cross of gold speech) and it wouldn't work better now. There are only two normal uses for gold i.e. jewelry and electrical connectors and the quantity of the stuff stashed in Ft. Knox alone has to be billions of times what the human race would ever need for jewelry or connectors.

The one other thing it would be perfect for (half again denser than lead, soft, and inert) would be waterfowl shot. You could kill geese with #7 shot and 2.75" shells.

[sirellyn]

@icebear1946 Proper money has characteristics.

It doesn't rot

Small amount carries high value

Hard/Impossible to Counterfeit

Slow/Hard to Produce

Nearly anything can be money, but things with those traits make the best money. Gold happens to hit all those points the best.

I agree however with Ron Paul that there should be competing currencies. If people like one more than another they'll choose it.

[Fike2308]

I love the speaker's slow, steady delivery.

[jazzbo66zz]

@Fike2308

I agree and this is all you can expect from a well oiled Texas front man. Bush's delivery was inconsistent but he was put in office to cover for the guys who bankroll this kind of stuff.

[Nintendomanwill]

Another point about central banking is that it exists as the 'lender of last resort' to banks which it concedes might become insolvent under its auspices of fractional reserve lending.

Central bankers therefore themselves concede that their policy is like raising kids, forcing them to do damaging things, and then protecting them from the consequences of those damaging actions, and pulling out all the stops to make them repeat the damaging action when they eventually suffer for it. By FRAUD!

[collapseofthedollar]

"the govt is an expert at breaking your leg, handing you a crutch and saying 'see i without me you couldn't walk!' "

[Nintendomanwill]

Since you are obviously interested, I will send you a relevant essay on why Thatcher's monetary policy made more severe than it should have been the recession of 1979-83 and why all the ills caused by Thatcher were NOT due to her free market policies but due to her own interventionism, her own socialism, and those interventions that she didn't scrap.

The problem was she didn't go far enough in reducing state disposal of capital, she didn't end central banking nor interventionism.

[myleftnutts]

and how long due u think Ms Thatcher would have Lived had she Even Tried to End Central Banking???.

[Nintendomanwill]

A good chap asked me what we should do with regard bank failures. I gave him a lengthy reply, which I think is relevant here:

[seigneurvoland666]

who of this audience thinks that communists are in control?

[mcapps1]

@seigneurvoland666

ME.

[libertarianjury]

Read two books if you want a deep understanding of what is coming for America: "The Creature From Jekyll Island: A Second Look at the Federal Reserve" and "The Ominous Parallels" by Leonard Peikoff. Follow that up with "Why Government Doesn't Work" by Harry Browne and "Jury Nullification: The Evolution of a Doctrine" if you want a recipe for a solution. More to come. Over and out.

[headcrabzombie]

I've read The Creature From Jekyll Island and that book is absolutely amazing.

[Tastysodiumchloride]

Know I understand why RP says to end the FED.

[NoGuyComesClose]

AMEN!

[ngonea]

subsidized by the monetary system my ass

subsidized by double entry book keeping and the Federal Minsitry Of Finance..

Bill Of Rights

Life, Liberty & The Right Of SECURITY Of PERSON

See: Robert Author Menard" for the real truth

this is baby talk

[ngonea]

All living things need a home, and the system has been cheating us from our Birth Right since the Act of 1871, its time we serve notice of understanding and intent & claim our right being held in trust by the feduciary and sucked dry by corrupt politicians and Wall St Casino Gamblers

drunk off CDO;s & Derivitaives.

There is no money, it's FIAT and therefore we

have been defrauded from birth by deceptive adhesion contracts, which are traded on the world SE's, time to turn the tide!

[averageworkinggal]

End the US Treasury!!

The Treasury can still sell US Treasury debt with or without the Fed and does so since the bulk of US National Debt is held by Foreigners such as China or Japan far beyond the comparative small change of Fed FOMC Open Market Transactions.

[TheAmericanTruth09]

Great Speech Rockwell!

[ngonea]

End the Fed! but don't stop there, get out of the United Nations.

see - Agenda 21 and Codex Alimentarius which is mandatory for all member Nations as of Dec 21, 2009

Resist Africom genocide program for Africa!

[sc1100]

Sounds good to me!

[ngonea]

Hope he is not blaming this Global Monetary Breakdown crisis on poor people instead of the real International bankster crocks and the theives on Wall Street and the thieves in the house and the senate.

[stealthswimmer]

He's blaming the Fed...

[ngonea]

stealthswimmer - thanks for sharing, I agree it would change et for the better, but he has to share some of that blame with Congress, imho

[stealthswimmer]

definitely

[RedShirtArmy]

Exactly! Abolish the Fed... and don't stop there. Keep going until the entire Federal monster is no more. Liberty is the answer - not DC.

[clthinkingman]

Rock on Mises Rock on! End the Fed while we still can, down with tyranny. Free the Llamas!

[FreiheitKampfer]

10:09

epic win!

bailout FAIL

[teewillis1981]

I never thought that I would be interested in Economics and I certainly never thought that I would understand economics as instrumental to personal freedoms and liberty. I was sure that after high school-Keynesian-brainwashing that I would never ever look at macro/micro- production-curve-Fed-nonsense. But nothing is sweeter than the truth. People say Ron Paul lost, no he didn't. He WON. Austrian Economics has been brought to the masses.

[shanklinmike]

Agreed, I hope you enjoy my videos. Thank you for your time.

[grraadd]

My father had to learn about socialist economy - it was most hated topic, because it's so complicated and illogical. When he started to listen about that rotten capitalistic economy (as the worse one) suddenly everything was in right place.

[Fike2308]

@teewillis1981 - I feel exactly the same way.

[suereed]

Oh no, I love Lew Rockwell's tone, very comforting.

[Alderon714]

This information is great. It's nice to have it all in one compact area.

Just put some voice inflection now and then in the talk. That monotone reminds me of a 7am-9am lecture class I had in college. You would pinch yourself to keep from dropping off during the 2hr talk.

dsc

[Panpiper]

More voice inflection is usually a good thing, and yes here a bit more could help. However he has a very good speaking voice that for a 20 minute speech is nicely attuned. If Mr. Rockwell were to study rhetorical delivery a bit more, he would be a first class orator.

[HurricaneHeidi]

HELP!!! I've been holding my own against a tide of disinformation on a site called "quatloos" (my user name there is "Pantekhnikon"). I have been discussing Rothbard, Vieira, and the Austrian School's economic principles against deliberate ad hominem attack & disinformation by a group of Fed Res lackys. Quatloos is SUPPOSED 2 B dedicated to exposing financial SCAMS and FRAUDS, but their zombies called Murray Rothbard an "old troll" after I posted links 2 his lectures. Pls Help me debate them!

[HurricaneHeidi]

Go to "quatloos!" and use search words: "money inflation" and you will find the threads in which I support conservative economics, expose the legalized counterfeiting committed by the Fed, and tout Murray N. Rothbard. You can search "legalized counterfeiting" and "Rothbard" on quatloos! too. Seriously... I could use some help standing up against these hostile fools.

[blue42421]

U are too intelligent to let it frustrate you. Whatever you are hoping to accomplish, all you will help is the 1 or 2 people that read your post who can see the logic. You can not save everyone, and you can't save those that are arguing against you, that isn't your goal. Mises knew he was documenting the fall of the world. Read that twice. He was not attempting to gain favor with those that would not listen. He also did not waste his time arguing with fools. Know you are right and that is all.

[dabruin2]

Viva Mises, Rockwell, and Paul!

[sanjeevsabhlok]

It is a shame that most 'standard' economics schools have stopped teaching the trade cycle theories of the Austrian school. Time to get back to basics.

[globodollar]

It is not mises its MICE!

[r3dredwine]

Here is a pre-written letter to end the fed, please share this with everyone you know, because its possible to have non-inflation and control over our currency again.

Just type "JBS end fed contact congress" into google and click the top link, theres a pre wrtten letter you can send congress

[globodollar]

This was great!

[Takezou07]

EXCELLENT!!!

[boosuff]

This information is what people need to have in their arsenal. The information presented here will never make it to mainstream media.

[ohem]

great video, very true

[utubehayter]

Economic pornography? Dogatron, this is economic brain food. And why pay for pornography when you can get it for free?

[dogatron]

this whole series of uploads in the past few days have been fantastic. Economic pornography.