SR 20 - The Debt Ceiling Debate

An alternate look at the Debt Ceiling Debate going in in Congress today.

• Category

  News & Politics

[David M]

aftonline - you think capitalism works? Then why did we bail out banks during the GFC? If true market forces were allowed to dictate our market, then these banks would have failed, gone into liquidation and a more efficient system developed to replace a broken system.

[bstill3]

-- It depends on your definition. I abhore finance or monopoly capitalism, but an incentive-driven system is absolutely needed for a productive society and maximal freedom. How do we get there from here is the question.

[ForexOracle]

I just don't get this kind of thinking! They want Barney Frank printing the money instead of the FED. what kind of solution is that? If you think the FED is messing up just let the congress start printing it and you will see what hyperinflation really means.

[bstill3]

-- You don't get it because you are too lazy to spend 15 minutes understanding it. Perhaps I can spell it out in few enough words so that your limited attention span doesn't wander. 1. We HAVE to fix Congress. That's our only hope to escape serfdom. 2. We, the people, have to recapture the money system. Congress sets an inflation target, and a Monetary Policy board made up of reps from each state implements it. The Fed is out of the picture.

[ForexOracle]

Honestly Bill I used to admire you because of your "money Changers" video. But now I see that you not only changed your mind on quite a few issues from the original video but you became one more person in denial. Would you answer me WHEN in the earths history somebody was able to set up an honest government? Are you claiming that an honest congress, senate and president is something achievable? Again I use to admire you sir. When did you start believing in fairy tales?

[bstill3]

-- Then to whom would you entrust the power of we, the people? The bank? The "Market"? Wake up.

[HWGuyEG]

Make $1 $2 $5 $10 $20 $50 $100 $1000 $10000 $100000 $1000000 $1000000000 coins, debt solved.

[2eelShmeal]

Mr. Still, I've watched that first movie of yours several times and never once did I hear you advocate anything but restoring the creation f money back to the Congress.

I remember you marveling at how well the colonial scrip and greenbacks worked so well for so long.

You also pointed out that in times of war, YES fiat money can inflate, BUT AT LEAST IT WON'T STRAP US WITH DEBT.

Sorry for yelling. I just hate it when people can watch a 3hr+ long video and still not get the drift.

Thanks Bill.

[English Street]

I was thinking about trading and buying with coins, but then again the banks do lend them to you by interest. But this idea is amazing! sounds a bit silly but what's more silly than to continue being slaves!!!! God Bless you Bill!

[manilaenglish]

Did you disable the embedding option? If you enable embedding then you will get more views.

[BRYAN351]

Very effective video, Bill. Keep on the visual aids track, because it helps the uninformed viewers understand these concepts more easily.

You and I know that your message is actually pretty simple once you think it through, but it starts to sound complicated in the conveyance of the message. That's why I feel that a strict economy of words, and putting things in everyday language, is the key to educating the masses on this topic.

Here's to a global monetary renaissance in our lifetimes!

[bstill3]

-- They will continue to go up. As far as Maloney -- never heard of him.