The Incredible Shrinking Dollar - Freedom News Hour

This is the first video episode of the "Freedom News Hour / Surviving Meltdown" online radio program, which normally airs on the Progressive Radio Network, Thursdays at 6 p.m. Eastern Time.

In this episode, show host Walt Thiessen and special guest Richard Blackwell use Harry Potter's wand to create money out of thin air, just like the Federal Reserve does!

More importantly, the guys explain what happens when you increase the money supply and how the Fed created a ton of new money out of thin air in order to bail out the banks in 2008. Even though a lot of that money has been paid back, the taxpayer still ends up paying because increases in the money supply reduce the purchasing power of the dollars he has and earns.

This is a must-see video for anyone who wants to really understand what happened in the Financial Crisis of 2008 and the role that bank failures have played throughout history in destroying currencies. With the dollar now facing mounting inflation, the timing for the release of this program couldn't be better.

You haven't been told the whole story, until now!

http://freedomnewshour.com/

On Vimeo here http://vimeo.com/23981219

Category:

Education

Tags:

• Freedom News Hour
• walt thiessen
• nolan chart
• nolanchart.com
• federal reserve
• money economy
• financial crisis

[GWEBITYALA]

I'm not sure that the answer is this simple. Deflation is not good if you've got a mortgage. In fact, inflation is your friend if you've got a mortgage. Also, if the volume of goods keep expanding but money supply remains constant, no one will ever gain increased purchasing power, because what I'm selling, i.e. my labour, will also reduce in price. So my salary will decrease in the same proportion as general deflation.

[Parture]

The one thing I didn't agree with was when he said banks shouldn't lend money out that you put on deposit. I don't think that's the problem. The multiplier effect is a useful tool except it should be something manageable like 10 to 1 not 50 to 1 which some banks were leveraged.

[Parture]

Deflation is a good thing.