1. Inflation is required for the economy to continue expansion, as does the population. Imagine if your population doubled and you didn't make any new money...
2. The rest of the profits go to pay off national crises (eg. mortgage crisis)
5. And how are you supposed to save money if the company you work for doesn't exist because the owner doesn't have capital because he works for nobody?
Please learn SOME economics. This video just spouts ignorance to an unlearned populace.
1. No, inflation by definition is what happens when something rare becomes less rare. Not inflation, but the Accumulation of CAPITAL is required for economic expansion. Capital is created when iron is taken from the ground a sword is forged, etc etc.
2. No, they don't. They just print up more dollars to pay off the 'national crises' they caused.
The discussion about margin calls is not only misleading, but false. A margin call is made when the underlying stock decreases in value. All the discussion about margin calls and JP Morgan is misleading if not false.
The so called banking lobby has no power. Only people who know nothing about economics can write a crockumentary like this one.
Parts of this so called documentary are so false it makes me laugh my ass off.
It is said here that Central Bank creates debt. This is false. The debt is created by left wing governments who think that mortgaging their kids future is the way to pay for social programs that do shit.
If you really want no debt, then you should support a small govt and low taxes. I don't think you guys have the brain for it.
Hi Gengis. I don't want to bash you and your short zeitgeist, but I want to tell the truth. I don't like government spending and I am a big advocate of small govt. However, I won't bash the govt just to bash the govt.
IRS is bad, but this is because people at the polls vote for politicians that promise everything to everybody. Are taxpayers so stupid to be paid with their own money? On top of this, left wing projects by the govt do shit in terms of achieving the stated objective, so might as well cut them and let the private sector do the work.
On top of this, the depiction of the central bank is misleading. The reason why they printed money is because of the stupid keynesian models that ignore the bad effects of inflation. It wasn't until Milton Friedman proved in late 60's that inflation produces inflation expectations that make inflation ineffective in dealing with unemployment. As long as the Fed fights inflation, there is nothing to criticize.
Yes I agree with OnGuard, appearantly you speak of things you dont fully comprehend. How can a an organization fight inflation if it creates it? Asinine much? I could use your own words "read then talk" or more appropriately type
"It is said here that Central Bank creates debt. This is false." --
Title 18, section 333 and other federal statutes refer to Federal Reserve Notes as "evidence of debt."
"The debt is created by left wing governments who think that mortgaging their kids future is the way to pay for social programs that do shit." --
Riiight...left-wing governments like Bush's which raised spending by 33% and created the largest deficit in history? You really need to try to see past left vs. right.
The gist of my argument is correct. Too bad Bush is too compassionate. Most americans are adults and can fend for themselves. The kids have parents that can take care of them.
What I mean is that the govt creates debt by spending too much. The feds is just the tool that helps them (it's the effect not the cause).
"Too bad Bush is too compassionate. Most americans are adults and can fend for themselves." --
I agree with you except that I don't think destroying someone's life and a nation's economy through socialism is compassionate. All socialism involves slavery. How compassionate is that?
The Federal Reserve is part of the problem. Congress spends so much b/c they can print money later and pay for it with inflation. Through inflation, they take money from you without ever levying a tax
As for the Feds, they are just doing what the govt tells them to. However you are wrong in saying that US printed money. That is false.
US sold bonds when needed cash. This is why many countries hold US securities and not european ones (because europeans deceived their bond holders by printing cash).
I am not saying that the Feds is useful. They have the mandate: stable prices and maximum employment. These 2 goals are contradictory. Before the 1980s, they used to allow inflation to keep unemployment low (it works only on the short run). After that they focused on prices more. I think that the employment part of the Feds should be crossed out and worry about prices only.
wow, if the by your inane statements, if the government created its own debt then t could easily bring itself out of debt by creating more money. Ever wonder why this process works for some countries but not our own? A COUNTRY IN DEBT = THE PEOPLE IN DEBT. Let me ask you.. are you in debt?
Printing money is a medicine worse than the disease. It never works. If you think you have too much physical capital in your country, look what printing money did to Zimbabwe. Read then talk.
Yeah you pretty much have lost all credibility there for understanding how the world works. The difference between us and Zimbabwe is that we are the supposed most powerful nation in the world. We have the gold to back the money we make, and I wasnt talking about printing money, paper money is a failed concept.Our government could easily create our own currency with precious metals to ensure relevancy and stop debt. money created outside the US and loaned to us is obviously not a good idea-think
You wanna call it a "censored" version. Thats okay. Im not saying the original doesnt have a right to exist. I find this version to be more accurate, and on topic to liberty and the points I would like to make with this material.
The CENSORED content was my favorite and I am a Christian. My spirituality was not affected by the original content. Still this clip is very important. So 5 stars.
This is used more to drive home the "government is corrupt" part of the movie. AFTF is too long, so I used this.
iow, religeon being bad or whatever is not the point Im trying to make when I want to show people this stuff. Nor do I want to try and convince them of the "9-11 truth". Therefor I made this "censored" version.
no, I had problems signing up. I would love to do what I can though! I just did a showing at my college of AFTF, btu Like I said its too long.
This friday Im doing a showing of this. Thats why I made it. I remember alot of people on the free state project message board asking for something like this, so I posted it on youtube. I want to eventually have a torrent of the high quality version of this as well.
As far as Zeitgeist...
1. The federal reserve does NOT loan money to the government, it buys government securities on the open market, which anybody over 18 can do.
2. 85-95% of the money generated by the reserve returns to the treasury, they DO NOT keep their profits.
3. The federal reserve is a Quasi-Public institution, it is owned by the people, and serves the people.
4. Borrowing on margin is illegal
5. Gold backed money==super tight money supply, which means high interest rates.
slipperymagoo 3 years ago
re 1. um... no. Even so the real damage is inflation
2. Even if true, I think you misunderstand the important difference between "DO NOT keep MOST of their profits" and what you wrote.
4. It was just a point as to how it was done in the past. Maybe you weren't paying attention.
5. Oh no! People might save and use their own capital! Banks may actually COMPETE in a FREE AND OPEN MARKET for lower interests rates.
ghengisconrad 3 years ago
1. Inflation is required for the economy to continue expansion, as does the population. Imagine if your population doubled and you didn't make any new money...
2. The rest of the profits go to pay off national crises (eg. mortgage crisis)
5. And how are you supposed to save money if the company you work for doesn't exist because the owner doesn't have capital because he works for nobody?
Please learn SOME economics. This video just spouts ignorance to an unlearned populace.
slipperymagoo 3 years ago
1. No, inflation by definition is what happens when something rare becomes less rare. Not inflation, but the Accumulation of CAPITAL is required for economic expansion. Capital is created when iron is taken from the ground a sword is forged, etc etc.
2. No, they don't. They just print up more dollars to pay off the 'national crises' they caused.
ghengisconrad 3 years ago
3. I like how you can overlook the word Quasi like it isn't there. Do you understand what is means?
5. Hiding taxes in inflation does not help create jobs, it only helps create more politicians.
ghengisconrad 3 years ago
The discussion about margin calls is not only misleading, but false. A margin call is made when the underlying stock decreases in value. All the discussion about margin calls and JP Morgan is misleading if not false.
The so called banking lobby has no power. Only people who know nothing about economics can write a crockumentary like this one.
AlanCom1 4 years ago
Stock prices crashed and thats why they had to call in the margin loans.
Documentary talks about that.
ghengisconrad 4 years ago
Parts of this so called documentary are so false it makes me laugh my ass off.
It is said here that Central Bank creates debt. This is false. The debt is created by left wing governments who think that mortgaging their kids future is the way to pay for social programs that do shit.
If you really want no debt, then you should support a small govt and low taxes. I don't think you guys have the brain for it.
AlanCom1 4 years ago
um... no? Why not look up how the federal reserve works man.
How do you think the "leftists" pay for these indebting government programs? By taking money from the federal reserve at interest.
Your amongst freinds here man. Im anti-government programs too. Don't you see the federal reserve is just ANOTHER government program?
IRS=Bad
I wonder if you have the brain to understand what I said....
ghengisconrad 4 years ago
Hi Gengis. I don't want to bash you and your short zeitgeist, but I want to tell the truth. I don't like government spending and I am a big advocate of small govt. However, I won't bash the govt just to bash the govt.
AlanCom1 4 years ago
IRS is bad, but this is because people at the polls vote for politicians that promise everything to everybody. Are taxpayers so stupid to be paid with their own money? On top of this, left wing projects by the govt do shit in terms of achieving the stated objective, so might as well cut them and let the private sector do the work.
AlanCom1 4 years ago
On top of this, the depiction of the central bank is misleading. The reason why they printed money is because of the stupid keynesian models that ignore the bad effects of inflation. It wasn't until Milton Friedman proved in late 60's that inflation produces inflation expectations that make inflation ineffective in dealing with unemployment. As long as the Fed fights inflation, there is nothing to criticize.
AlanCom1 4 years ago
"As long as the Fed fights inflation, there is nothing to criticize" --
The Fed CREATES inflaion by printing money out of thin air. That's why the dollar is now worth 4 cents compared to what it was worth in 1913.
Milton Friedman is my hero, btw :-). I miss him already.
OnGuard4Liberty 4 years ago
Yes I agree with OnGuard, appearantly you speak of things you dont fully comprehend. How can a an organization fight inflation if it creates it? Asinine much? I could use your own words "read then talk" or more appropriately type
PornStarrShane 3 years ago
"It is said here that Central Bank creates debt. This is false." --
Title 18, section 333 and other federal statutes refer to Federal Reserve Notes as "evidence of debt."
"The debt is created by left wing governments who think that mortgaging their kids future is the way to pay for social programs that do shit." --
Riiight...left-wing governments like Bush's which raised spending by 33% and created the largest deficit in history? You really need to try to see past left vs. right.
OnGuard4Liberty 4 years ago
The gist of my argument is correct. Too bad Bush is too compassionate. Most americans are adults and can fend for themselves. The kids have parents that can take care of them.
What I mean is that the govt creates debt by spending too much. The feds is just the tool that helps them (it's the effect not the cause).
AlanCom1 4 years ago
"Too bad Bush is too compassionate. Most americans are adults and can fend for themselves." --
I agree with you except that I don't think destroying someone's life and a nation's economy through socialism is compassionate. All socialism involves slavery. How compassionate is that?
The Federal Reserve is part of the problem. Congress spends so much b/c they can print money later and pay for it with inflation. Through inflation, they take money from you without ever levying a tax
OnGuard4Liberty 4 years ago
On guard, I agree with you. I think that the govt should be small and deal only with the negative rights.
Big govt creates disincentives to work, corruption and a class of human trash that I don't think that it can be humanized in many generations.
On foreign affairs, though, I think that W did the right thing to reestablish the link between actions and rewards for the terrorists.
AlanCom1 4 years ago
2/3
As for the Feds, they are just doing what the govt tells them to. However you are wrong in saying that US printed money. That is false.
US sold bonds when needed cash. This is why many countries hold US securities and not european ones (because europeans deceived their bond holders by printing cash).
AlanCom1 4 years ago
3/3
I am not saying that the Feds is useful. They have the mandate: stable prices and maximum employment. These 2 goals are contradictory. Before the 1980s, they used to allow inflation to keep unemployment low (it works only on the short run). After that they focused on prices more. I think that the employment part of the Feds should be crossed out and worry about prices only.
AlanCom1 4 years ago
wow, if the by your inane statements, if the government created its own debt then t could easily bring itself out of debt by creating more money. Ever wonder why this process works for some countries but not our own? A COUNTRY IN DEBT = THE PEOPLE IN DEBT. Let me ask you.. are you in debt?
DyslexicDistortions 3 years ago
@dyslexic:
You don't seem to be thinking too much.
Printing money is a medicine worse than the disease. It never works. If you think you have too much physical capital in your country, look what printing money did to Zimbabwe. Read then talk.
AlanCom1 3 years ago
Yeah you pretty much have lost all credibility there for understanding how the world works. The difference between us and Zimbabwe is that we are the supposed most powerful nation in the world. We have the gold to back the money we make, and I wasnt talking about printing money, paper money is a failed concept.Our government could easily create our own currency with precious metals to ensure relevancy and stop debt. money created outside the US and loaned to us is obviously not a good idea-think
PornStarrShane 3 years ago
@pornstarrshane:
How can you agree with Onguard4liberty, then you think that US can back up currency with metals? Also note that my posts were 6 months old.
The govt doesn't have the gold to back up the currency. When Bretton Woods failed, 1 oz of gold was 35. Now it's 900.
You can't erase debt, dummy. Yes Feds can print lots of money and make the gold be 1000000. But, who would lend you money when you need it?
Also printing money creates more problems than it solves. Think Zimbabwe here.
AlanCom1 3 years ago
CENSORED
Vektor417 4 years ago
okay?
You wanna call it a "censored" version. Thats okay. Im not saying the original doesnt have a right to exist. I find this version to be more accurate, and on topic to liberty and the points I would like to make with this material.
ghengisconrad 4 years ago
Cool! You can meet almost all AFTF people in the Ron Paul meetups but I would encourage you to give it another try.
oyate1960 4 years ago
The CENSORED content was my favorite and I am a Christian. My spirituality was not affected by the original content. Still this clip is very important. So 5 stars.
owensaruba 4 years ago
This is used more to drive home the "government is corrupt" part of the movie. AFTF is too long, so I used this.
iow, religeon being bad or whatever is not the point Im trying to make when I want to show people this stuff. Nor do I want to try and convince them of the "9-11 truth". Therefor I made this "censored" version.
ghengisconrad 4 years ago
I guess I agree. I found the treatment of religion to be unnecessary in Zeit and I find the 9/11 movement isolated by it's position.
Are you and AFTF volunteer?
oyate1960 4 years ago
no, I had problems signing up. I would love to do what I can though! I just did a showing at my college of AFTF, btu Like I said its too long.
This friday Im doing a showing of this. Thats why I made it. I remember alot of people on the free state project message board asking for something like this, so I posted it on youtube. I want to eventually have a torrent of the high quality version of this as well.
ghengisconrad 4 years ago