Anatomy of casino capitalism Pt.7

Jane D'Arista on gold and fiat money

Category:

News & Politics

Tags:

• therealnews
• real
• news
• media
• politics
• gold
• money
• fiat
• capitalism
• Jane D'Arista

[fatpius]

love this series

[tatamtatam1]

I'm afraid no re-regulation is possible anymore. finance is right at the centre of the power structure of the economy, tied in with all other sectors. capitalists won't let it be "re-regulated", it's too lucrative.

unless they and their entire economic system is overthrown.

as current state structures are designed to shield capitalist classes from the majority, this requires massive mobilization and can only be a long-term process, but I don't see any other serious alternative.

[aniketranade]

Man!....this is all very informative......the only person who can solve this mess......Palin!!!......GO STUPID AMERICA!!!.........Pleease elect her next time....I want my laughs.....:))))))

[thomasst2]

She's embarrassingly misguided. She apparently believes in "General Equilibrium" which basically means after prices reach supply/demand market clearing levels, prices shouldn't change. It ignores prices falling as people save (consumer demand for money) and rising as people consume (demand for consumer goods).

She ignores the trade off between consuming and saving for investing/producing. She favors inflated money to support both. But there are only saved resources for one or the other.

[thomasst2]

Interest rates are supply/demand for CREDIT, not money. Money is a present good to trade for present goods. Credit is a present good (one's savings) traded for a future good (one's demand for a current good but has no present savings for). Current savings trade for future savings.

There's a trade off between consumption and saving/investing. Prices rises during consumption (low savings, which raises interest rates) and fall during saving (lowers rates) and leaves saved resources for investment.

[thomasst2]

I've never heard so many economic errors in my life. This "General Equilibrium" Theory nonsense is killing us. If it was true and natural, then Govt shouldn't have to regulate prices of futures markets (or of anything for that matter).

Economies are fine with stable currencies if prices are allowed to fall as people save. Devaluing paper to gold destroys purchasing power, impoverishes, and transfer wealth from savers to spenders. Money is not neutral.

[mrzack888]

i need to re watch this clip again, not sure if she is evil or not....

[loren1283]

After the financial crisis the only people I can take seriously are the ones who saw it comming, and those are austrian economists. These people also advocate gold. Every economist that didnt see this comming should retire because they are in effect part of the problem. If the ammount of gold in the system limits the amount of money in the system then the currency will rise as the demand for more money rises. No such thing as not enough gold.

[198madman]

Her solution of empowering the private banking cartel known as the FED, to centrally control the economy is laughable.

Without the skimming off of the wealth of Nations by central banks there would be no destructive boom/bust, "business cycle." And bank failures would be limited in scope and duration.

[uche007us]

this is a little confusing, what does she mean by "theres not enough gold"? Isnt that what we wont in a commodity backed money? . Anyway if we didnt want to give russian/southafrica an advantage then use some other commity to value the money.

Just stop using fiat money. The Realnews is starting to dissapoint me but I will keep my subscription in hope that they will invite a Ron Paul or Peter Schiff type to counter her claims

Crosses fingers

[rajasmasala]

assets in circulation*

[rajasmasala]

loren1283,

There is a valuation of gold separate from currency definition, based on supply and demand. The problem here is that this value may cause a money shortage if the total assets of the nation are worth more than its banks' gold reserves.