Inflation Nation The Movie Part 1/3 - Dollar Collapse Ft. Peter Schiff Ron Paul Faber Rogers
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@Thewizzardof9 It is unconstitutional. Is responsible for the devaluation of 95% of the dollar. Why should a private cartel have a monopoly on money with secrecy? It's a crime. And that's a lie. The central bank produces all the money and directs its regional Fed banks. The central bank allows the banks to pyramid debt through the fractional reserve lending system. If individual banks could do that they could counterfeit themselves over the Fed.
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@jneil2007 The federal reserve is not an issue. All banks create money it is called fractional reserves. before the fed we had over 3000 currencies in the us. the devaluations were from 1790 to 1935. Most people do not realize the federal reserve creates only about 7% of our money. the rest is created by individual banks.
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@Thewizzardof9 Before or after the creation of the federal reserve?
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@jneil2007 The gold standard did not stop gov from building up debt. the dollar was devalued 5 times from 17.00 per ounce to 35.00 per ounce. the gold standard mostly applied to international trade of goods. could you imagine today with our trade deficits we would have no gold in the U.S. congress would just devalue to dollar more and keep on spending. I do not trust congress.
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@Thewizzardof9 You forgot to mention the gold standard. Which if the government debases the currency they can go demand their gold from the vaults. Which puts a strict barrier to government spending.
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@raspberrybaggio There's a hidden hand my friend that is profiting from all this by intimidating politicians to comply or giving them a piece of the cake. So no they are not ignorant, they are wicked or choosing to look the other way. Remember how people used to think bush was an idiot... Well, that's exactly what he wanted. Had he seemed intelligent, he would not have stayed in office 2 terms.Bush is what we call evil genius, and that is what your politicians are. Wake up bro
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This is Ron Paul's dream. Do away with the federal reserve and let congress make all monetary decisions. this will allow congress to print money and hand it out in welfare instead of loaning it into society.
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If you thought this was good. You should probably watch The inevitable collapse of the dollar by GHoeberX on which this video was partly based on.
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When the value of American production zeros out and our credit with foreigners finally falters, all those houses will be nothing but a liability.... worthless....
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is it possible the collapse in those countries deliberatly caused by the bankers in order to subjugate a country that is being disobedient to them? I mean banks can say no cant they to gov borrowing? so this all sounds engineerred to control nations and steal it's resources. maybe gov should go back to printing debt free money? what exactly are they spending the money on? surly not on the countrys citizen in creating wealth producing industry/education.?
Politicians are so thick. The solution was to only spend as much as they earn. Gosh! Really? You had to wreck a country before you came to that conclusion. Wow. Politicians really are stupendously thick.
raspberrybaggio 1 year ago 5
People belive in religion, politicians and money like they are infallible. Time has shown how fallible the three are.
tociph 2 years ago 4