Uploader Comments (khanacademy)
All Comments (65)
-
At first one wonders how the Fed is able to just create money out of nowhere. No it actually steals it from the people by taxes and inflation. It steals prosperity from the future . As Sal said in the video, the government can always just "TAX MORE PEOPLE" to pay back their debt or IOU. Thats why its "risk free". Thats why the Fed can print so much without limit. And FROM US is ultimately where the Fed gets all this money. TAXES & INFLATION
-
@fiedag LOOOLLL
-
Faith is a dirty word. If someone wants you to have faith in something, might as well skip on it and stick to the facts and evidence about it instead. You know, form your opinion rationally.
-
Had to laugh: "some new war we want to fight, or bureaucracy we want to create..." - very dry.
-
Brilliant series of videos!
But it is now common knowledge that the Federal Reserve is a privately owned bank, which pays its 'owners' dividends of 6% per annum.
If anyone is in any doubt then GOOGLE it, until you find an extract from the Fed's own public statements which admits it in a very contorted round about way. The fact that it is a private bank has also been proven in US case law.
-
@ananiasacts No because you can always print more notes or make checking accounts and electronically put amounts in there. Everyone allows electronic transactions and accepts unbacked dollars. The banks have it made as long as too many people don't ask for their dollars at one time.
-
@f0revern0ty0urs2 They each receive 100. They have 200 dollars in gold reserves total.
-
@Holisticism1 Socialism. It could tax the wealthy to spread it around. Those in poverty don't pay taxes.
-
half of the video is a repetition of what was previously covered. why?
IOU = I owe you. As in "I owe you money". In the case of Treasuries, its a piece of paper from the government saying that they owe you money.
khanacademy 3 years ago