The Federal Reserve is going to eat you...or is it? 1 of 2

This video attempts to put current discussions about the Federal Reserve into a wider context. Full 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

[TheLeftLibertarian]

I would actually be scared to post this video. The whole conspiracy people are really getting out of control on YouTube.

[brendanmcooney]

yes they are. But they also raise good concerns sometimes. Obviously neoliberal ideology cannot answer their questions... questions like: why does the neoliberal ideology of freedom result in more coercive states? What is the role of banking, money and credit in market exchange? Is Hillary Clinton really a shape-shifting lizardman?

Not enough people are creating adequate answers to these questions, at least not in accessible formats. That is why I began this project.

[hawksstock]

but when the money is not tied to anything it's all fiat.

[brendanmcooney]

it's also credit money. fiat describes a political relation but not really an economic relation- credit money can have a relation to real value or it can't depending on the ability of the economy to produce real value through goods in services in proportion to the amount of credit money created.

[RevolutionaryJam]

waht about the fact that under the current legislation banks are allowed to lend time 9 (sometimes more) times as much money as you lodge with them

[brendanmcooney]

because there is so much hype about that on the internet I decided there was no use making another video about that. There are hundreds of people on youtube all pissed about fractional reserve banking and they all watch each others' videos and then make their own citing each other, in this self-referencing libertarian feedback loop. I figured there was no point in adding to that. Instead I wanted to provide a wider context for the role of banking in a capitalist society.

[diomedes39]

All hail the mighty prophet!!!

[juliaisafilmbuff123]

@brendanmcooney Isn't gold technically a fiat currency as well?

[tuberesponder]

The original banks that would become the Federal Reserve District Banks, were private and competitive. However, they abandoned competition in favor of a cooperative cartel, and given special monopoly powers by the government. It exists to be a monopolistic cartel, with government license to commit fraud. Having agreeable cooperation is not bad, however, their activity is not limited to "maintaining the money supply" but also in the distribution of money, and the direction of other industries

[RedAntLiberationArmy]

I wouldn't say that the Federal Reserve is anti-competition, at least not without showing why. I would say they are to an extent because, 1) it has no competition, which leads to 2) it operates like a monopoly. But, I will say they will competitively operate under certain circumstances, given that the federal reserve is a privately-run bank. So it has to thrive off of some competitive means, at least originally.

[tuberesponder]

1)There are no "MONEY CAPITALISTS"

It's the OTHER way around, BANKS needed to SUBJUGATE "Productive CAPITAL", they could NOT do so with MONEY, so they did so with LEGAL TENDER status of "NOTES" and CREDITS.

People didn't want what the banks had: CREDIT. They wanted real PRODUCTS. So the bankers wrote the Federal Reserve Act (with a BOARD OF DIRECTORS, like every other corporation) to give BANKNOTES and CREDIT a "LEGAL TENDER" status

LABOR creates PRODUCTS they expect other people to VALUE.

[tuberesponder]

BAH, you don't even have the conspiracy correct.

The Federal Reserve cartel are not "Capitalists" they are CREDITORS (not "money lenders" either, since there is no money, only LEGAL TENDER and CREDIT.)

What's MORE the Federal Reserve Cartel is ANTI-COMPETITION.

[Ilikenuman]

Karl Marx was in the pay of the Rothschilds!!!1 He is freemason/reptilian/tare!!!!!

Lol, cant get enough of these Alex Jones, GEERUP nutjobs

[blaziermissy]

A monetary system basically pits us against each other as workers competing with each other for jobs just to meet our primary needs.

Profit is the bottom line for big business...so the end result of profit where big business goes to Africa for cheap labor/resources and exploits those countries, thus third world status and citizenry of poverty. Billions are starving for their inability to pay..

Capitalism is a FAILURE. All monetary systems are outdated. There are solutions.

[blaziermissy]

Great video.