SR 6 - Nov. 22, 2009 - The Still Report on the Economy

[JUNITO84]

Truly an american hero!

[zignationer]

awesome report Bill! please keep up the great work. greetings from Denmark

[imbrd]

hold on- govt SHOULD control it especially AWAY from the greedy private sector. Govt in its truest form- hect in its original form is the PEOPLE- its public built on accountability. however the current fed reserve is private meaning no govt- yet look where we r- in trillions of debt.

[bstill3]

Government is good. A Republic, where citizens participate to govern themselves is a freedom system born and preserved in blood. It should not be abandoned. The problem is that we have allowed the big banks to dominate. So now what was envisioned by the Founders is just the skeleton -- but the skeleton remains. We can fix this if we -- as both Bryan and Jefferson put it -- get the bank out of the governing business.

[bstill3]

Gold-only money systems don't work, never have worked. Name one nation at any time in history where a gold-only money system worked to enhance freedom for the average person?

[ReddHeretic]

Government borrowing is what has stimulated the explosive growth of Washington D.C. over the last one-hundred years.

We must terminate the ability of American governments to borrow money and ban fractional reserve banking.

[ReddHeretic]

We need to stop obsessing over these fallacies of "paper" or "fiat" and start talking about WHO controls the quantity of money as well as HOW that money is created.

Creating money through interest-bearing loans for profit is not a legitimate act of commerce: It is a form of aggression.

A "National Debt" should be illegal.

[bstill3]

EXACTLY!

[TheEbonicslover]

so what? the masses are retarded and have no clue about the fractional reserve banking even if you try to explain this to them.

It will always work for the bankers because they know how dumb most people are.

[ReddHeretic]

I can often be very pessimistic about the fate of The People. Sometimes I think we deserve whatever is going to happen to us because of our ignorance and gullibility.

However, you should never underestimate human reason.

Yes, the privileged bankers use their inside knowledge and disinformation to their advantage, they always have. What's YOUR answer to that? You will simply accept it as an immutable part of life?

[TheEbonicslover]

The way I see it. They sat down long time ago and started to study human behavior and what corrupts them. There are few of us who know about this and understand their sick game. Unfortunately there are too few of us to turn it around and we will most likely be dragged with these retarded masses over the cliff.

Of course I'll fight for my life best to my abilities but if they can't fully control us no one will. They will destroy this planet first rather than let us be free.

[ReddHeretic]

[#2] Historically and inevitably, completely free monetary markets always end up dominated by gold-based money or any other money pegged to a rare commodity. The result of this dominance by rare-commodity money is always the same: Manipulation of markets, hoarding of the money supply, and eventual usurpation of government by a handful of people who monopolize the scarce commodity.

[bstill3]

Even though long, this is EXACTLY correct.

[ReddHeretic]

[#1] Once the government declares currencies A, B & C good for the payment of taxes and currencies X, Y & Z not good for such payment (or not as good), then automatically the value that the former three have relative to the latter will be based in large measure on government "fiat," thereby discrediting the wishful notion of their value being determined entirely (or even primarily) by the "free market."

[ReddHeretic]

A national debt-free money falls under the government prerogative of protecting our rights to liberty and the pursuit of happiness. Competing private money is fine, but only the public money should have legal tender status.

Austrian Schoolers routinely claim that if we turned money creation entirely over to the market, then all of our monetarily-caused economic problems would be solved. However, there are two fatal flaws with this idea that are never talked about:

[ReddHeretic]

I'm all about the market; but when it comes to the issuance of money, I have to disagree with the Austrians.

The only area in which free-market capitalism and privatization can never function properly is the responsibility of government to protect our rights.

Today, police forces and national defense have become more corrupt partly because of privatization. The free market never had a chance in those areas - it was doomed to degenerate into fascism and corporatism from the beginning.

[TheEbonicslover]

but who will control the people who are supposed to control that national debt free money?

[bstill3]

That's what elected government is all about -- a Republic -- if you can keep it, to quote Franklin.

[TheEbonicslover]

Exactly, because he knew about the evil men. Sticking to the rule of law and have a commodity backed currency would ensure that the government would not grow as it has been.

[bstill3]

Wrong.

[TheEbonicslover]

I need to call Alex and tell him to have you on and G Ed Griffin at the same time debating :)

[GMOpoison]

Would love to see you have a discussion with Peter Schiff or Ron Paul about alternative currencies. I don't think they advocate a single, gold backed system—there's freedom in a market of competing moneys.

[GMOpoison]

And I would add that only phony value and bubbles are created in a closed system.

[bstill3]

Isn't it perfectly valid to throw X amount of money into the national pot and then let us equally fight it out for our share?

[TheEbonicslover]

sounds to me like utopia socialism. When I was a kid I experienced this experiment and it doesn't work. You will always get criminals who will try to get the control of it.

[bstill3]

hehehe. You didn't experience it unless you are over 145 years old.

[TheEbonicslover]

No. It was in 1980 and the martial law. Of course it didn't last for generations like under Stalin but just few years of it can stigmatize you.

Dear Bill I admire your historical knowledge and understanding of the banking criminals but we simply cannot put our trust in men to distribute our money. A commodity however doesn't think, doesn't cheat, doesn't manipulate or counterfeit.

[ReddHeretic]

"... we simply cannot put our trust in men to distribute our money. A commodity however doesn't think, doesn't cheat, doesn't manipulate or counterfeit."

Yes, a commodity cannot think, cheat, manipulate or counterfeit, MEN do those things - Unelected, unaccountable, profiteering, plutocratic men.

The dominant commodities are always fixed in quantity and thus always subject to manipulation & monopolization.

[TheEbonicslover]

monopolization will only happen if again there is no true capitalism. which is what's happening now.

It's all about transparency as well. I'm not saying just have it backed by gold and it;s all fixed.

It doesn't even have to be gold but something that will measure the monies value and all the people can see how the money is circulated

[ReddHeretic]

"You will always get criminals who will try to get the control of it."

That's exactly what we have right now, except that it's not primarily the Congress. It is Wall Street and the Federal Reserve Corporation.

The bankers create all the money, not the legislators. Who do you think is going to have more influence over the other here?

[TheEbonicslover]

you can't be serious with this...

It took them time to get criminals in the senate and congress so they could buy them off.

It is all people's fault for letting this happen of course

[ReddHeretic]

"It took them time to get criminals in the senate and congress so they could buy them off."

You just made my point right there. And it IS the fault of The People for allowing this. Any system, Constitution, or whatever, is only as good as the participants who are supposed to be vigilant over it.

It would be no different for a monetary system of debt-free national currency, with safeguards, restriction mechanisms, and electoral accountability.

[bstill3]

I oppose only gold-only money systems and debt-based money.

It's not what backs the currency; it's who controls its QUANTITY!

[GMOpoison]

All systems are controlled and regulated in such a way that they can be gamed and corrupted. The trick is to have the freedom to choose and move based on confidence—reporting from diverse, independent consumer groups. Freedom is the key.

[ReddHeretic]

It's a double-edged sword with Lincoln, as usually is the case with history.

Lincoln kept the republic together, but at the expense of State sovereignty and the federalist principles of the Constitution. Today, the bankers benefit from one nation united under a grossly powerful federal government.

Abe also suspended habeas corpus & did other unsavory things. Life is seldom black-and-white.

Many of the Founding Fathers were slave owners, but their ideas are no less valid for that fact.

[Hosstyle727]

Honest Americans?? Lincoln?? See Lincoln's Senatorial speech about the genetic deficiencies of the black race...and he'll show up as one of the best presidents in a survey...Lincoln as honest...hilarious

[bstill3]

You can pick at ANYONE. But without Lincoln, this nation would have been carved in two and re-colonized: the south going to France; the north going to England. That's why he's considered great.

[nprbiz]

Keep em coming bill. You haven't given up since you started this in the 90's with "Masters" so I'm sure you wont now. Thanks again.

[bstill3]

Hehehe. Thanks. Having too much fun to stop.

[iknownothingnow]

Thank you especially as you produce a video that has the data as well as historical points.

I understand the dire situation we are in however foreign investors and eagerly buying the U.S. treasuries. People and governments are buying and buying big

/watch?v=ncXOrh73l30

[bstill3]

No they aren't. It's a huge deception -- one that MUST fail pretty soon. Only the primary dealers -- and corporate shells disguising the primary buyers -- are buying. They are trying to convince the rest of the world that there is still a strong demand. There is not.

[iknownothingnow]

Thank you.

[galikazoid]

awesome info!!

thanks so much

it's not what backs your money, it's who controls its quantity!!

[60srock]

Bill, thanks for the video. Please keep speaking out.

[desongliu]

The "main stream" media are just horrible!

[desongliu]

Thank you, Bill!

[BourneAccident]

Another great report and I agree 100%.

Thanks so much Bill.

[TalladegaTom]

"If you want to be free, you have to take the money creation power away from the banks." - Bill Still 5:08

I fully agree. It IS as simple as that.

[Stardusk]

It's too late.

[tomozope]

Mr. Still, Thank you for your help in fixing this economy. Ellen Brown, Byron Dale, George Whitehurt Berry ect...... You're government by bankers comment is right on. Restore the money creation power back to the people and also revoke and destroy the abilty of banks to create money. Destroy the National debt. Destroy the personal debt. Destroy the business debt. Restore the purchasing power of the dollar Restore freedom. Restore America. It the only chance we got.

[ABETRMAN]

FIVE STARS*****

X 10