The Federal Reserve is going to eat you... or is it? 2 of 2

Part two of my video offering a needed context for the discussion of the Fed.

complete text can be read at:

http://kapitalism101.wordpress.com/the-federal-reserve-is-going-to-eat-you-or...

Category:

Education

Tags:

• Federal
• Reserve
• conspiracy
• aliens
• illuminati
• ron
• paul
• money
• circuit
• of
• capital
• karl
• marx
• capitalism
• measure

[EndTheFedRes]

@brendanmcooney Are you on vacation?

[EndTheFedRes]

@brendanmcooney By "international web of exploitation" are you referring to the banks, fiat money, and fractional reserve participation? Rothschilds?

If I remember correctly I liked what Zeitgiest stated about banks and fractional reserve...I also liked Zeitgiest debunked.

In ref to your statement. Can you give me fantasies of Ron Paul and Murry?

Haven't yet picked a school of economic theory but would certainly believe the Austrians long before the Keynesians. Who have you chosen, and why?

[brendanmcooney]

@EndTheFedRes re banks: I'm getting at your juxtaposition of "ma and pa" shops with "crony capitalism" and I'm saying this is a false dichotomy because capital is an international web of exploitation and there is no such thing as the quaint, norman-rockwellesque, small business owner. Most of the time that small business owner is just a mediary for an international banking system.

Re. conspiracy, I mean the fantasies of ron paul, zeitgiest, murray rothbard, and all the end-the-fed nonsense.

[brendanmcooney]

@EndTheFedRes I don't think there is some pure capitalism to juxtapose w/ "crony capitalism". If the natural tendency of competition is centralization then of course the biggest firms will dominate the markets and sometime use the state to help them in this. But the state isn't the initiator or the last word in this centralization. And the problems with capitalism do not come from centralization but instead from social antagonisms inherent in wage-labor and commodity exchange.

[EndTheFedRes]

@brendanmcooney I see what you are saying, but don't we have ample competition in electronics? (tv's, phones, cmptrs) Yet we have competitors "consolidating". Now lets take health insurance, not nearly enough competition due to Corporatism. What about government contractors, Halliburton, KBR, Blackwater. Clearly regulations are keeping out competition. Clearly this is Corporatism/Crony Capitalism.

Re "from banks"...What are you getting at? and what conspiracy theories?

[brendanmcooney]

@EndTheFedRes No. Read slower. Regulations are not the only cause of the centralization of capital. Centralization (ie fewer and bigger firms) is a natural result OF COMPETITION. The winners buy up the losers and industries consolidate.

Re "from banks" I am referring to the fantasy of the small businessman. In reality small businesses are all tied into the web of global capital thru the financial system. This has nothing to do with uneducated conspiracy theories about the Federal Reserve.

[EndTheFedRes]

@brendanmcooney Not sure where you are going with "From banks". Unless you are referring to fractional reserve and the banks making a sh!@#$ of money off of the non existent funny money.

I do agree that regulations (lobbying) lead to monopoly, but that would be called Corporatism, not Capitalism. I completely agree with the "competition" statement.

[brendanmcooney]

@EndTheFedRes Where do Ma and Pa shops get their money to buy their store fronts? From banks. All those small businesses that the right champions are just part of much larger systems of exploitation. They are, in effect, just middle-level managers for global capital. There is no such thing as the independent entrepreneur. And, contrary to libertarian propaganda, monopoly is not just the result of state regulation. It's the natural result of the process of competition! In competition people win!

[EndTheFedRes]

@kaleo183rd Don't forget that Ma, and Pa bicycle shops, hardware stores, restaurants are all examples of Capitalism. Some Corporatism/Crony Capitalism examples would be GE, Halliburton, KBR, Blackwater, MS, etc. These corporations lobby government for favorable laws, government contracts, and to keep competition out i.e. virtual monopoly. Lobbying for these corporations= private government, massive profits...we call that Corporatism/Crony Capitalism. Real Capitalism would incite competition.

[kaleo183rd]

@EndTheFedRes nah its capitalism, based on infinite growth, monopoly is only inevitable,