MONEY: Before Ron Paul, was Merrill Jenkins (M.R.) 5

Last part of the interview with Merrill and FED economist. dealing with the problem with the "money" of today and a solution.

Category:

Education

Tags:

• Ron
• Paul
• moeny
• merrill
• jenkins
• ecomony
• politics

[clarisd]

Even more is the fact that over here in Europe people are buying loads of Gold. And the price is going up and up, now whom are they buying the gold from, lets say that the end of the chain are the same poeple that are raping the world right now. Bilderbergs. Davos, CFR, Trilateral Commission.

[acongagua]

First , gold is not going up, the currency is comming down. Second, the idea is the people emass enogh wealth to tip the scales of contro0l, but remember, as David Icke says, it is fear that keeps the masses controled, there are vastly more of us , than them, we just have to unite in the casue fo freedom, and not worry about the trivial that divides us. One day it will be too much for people to continue to put up with, and then real change can happen.

[thomasw78]

Thanks for the vid. I do wonder about the last question they raised. Jenkins said people could bring their gold/silver in and it could be made into coins... but surely there is some point where there are simply too many people or too much economic activity and too little gold/silver to make them viable as money, no?

[acongagua]

No, remember they allways told us it was gold's scarsity that gave it it's value, now they tell us there is not enough, but can u imagine if it rained golod 2 inches thick all over the earth, what would happen to the price of gold? So in fact there is enough gold in 1 cup to handle the entire world economy, why? because gold is infanitely divisiable, WE can set the standard, now gold would be awfully expencive, but it could be done, so with that said, there is plenty. Just reset the standard.

[Naughtyjug]

Hmmm...monetised debt. So, if I understand correctly, the amount of cash in circulation should theoretically equal the sum of all outstanding debt in the economy?

[acongagua]

to fully understand this insanity, one must theoretically be insane...in reality, if this is true, and again, my understanding of this, comes right out of thier own liturature(the FED)if every single "debt" was paid in full, there would be no "money", but this could never happen, because as "money("debt") is being created, it accures interest, as well as the interest, so you could not work or produce fast enough to catch up and pay it, this is what is going on as individuals and as a nation.

[vijucat]

That was an eye opening series of videos.

Thank you for taking the trouble to hold the videocam up and record the whole thing!

[tittle14]

Thanks for this video. I'm even more depressed now.

[ruberbubba]

I amazed at how civil the discourse is. Not at all like a current show. Also, the discussion is at length and in depth not a series of "sound bites". We've lost more than money in the past years.

[agfigueroaa]

Yes, gold never changes. It is a commodity. It exists on its own. What changes is what u give for gold. In the case of dollars, each day people is paying more dollars for gold, but not due to a change on the it value, but because of a decrease in the value of dollar. This decrease is due to the increasing existance of this paper, that is out of control printing.

[thomasw78]

Not sure people would use gold as money if there was only 1 cup but I get your point.