SR 8 - The Still Report - December 31, 2009

Part 1 of Why Gold Money Won't Work. Comments by Sec. of Treasury Geithner, President Obama, and Peter Schiff.

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[iknownothingnow]

For monetary reform (1) & (2) are not sustainable solutions. Credit notes, such as the Colonial Scrip, have the potential; however, (1 inflation caused by corrupt politicians and (2 the U.S. is beyond the point of credit issuance.  The debt, public and private, is too great

A snowball rolling down hill gains mass and velocity. Likewise out debt with compounding interest becomes larger & velocity of money increases

The system will change, but first currency crisis

Happy New Year

[bstill3]

This boils down to whether or not one believes in elected government. I believe in it. Yes the snowball is rolling, and we will soon be forced to abandon its debt-money system, just as Galileo abandoned the Earth-centered universe theory. If you aren't going to trust yourself (via your elected government) to hold the money power, who will you entrust it to?

[lcoscare]

I really enjoyed your movies Bill, but Jesus isn't on the earth anymore and I don't see anyone else who is honest enough to control the money supply. I really see your system creating a socialist country where the government can spend as much as it wants, and the end result will eventually be hyper-inflation.

I do agree that your system is better than than the debt based system we have now, as the current system only benefits the bankers and those who have access to the debt first though.

[bstill3]

Good Lord. It's called a "Republic", not socialism. People vote on the stuff that's most important to them.

[bstill3]

The second part, SR 9, will be up in a few hours.

[BarringtonDailey]

Keep it up.

I saw one of your old films from the VHS days; - The Money Masters.

Great film in which you lay out the problems with the monetary system and the likelyhood of the problems we are now facing.

[rigoletto68]

great explanation. thnx.

[hatchedarea]

Very funny joke at the end (about the smallest legal tender of Gold).

I'm glad you're still around, that Money Masters video looked really dated. Hope you're in good health.

[Casar1973]

The great Bill Still. Send him some gold.

[high5flyer]

The 1st commodity money as livestock like cows for instance. Look up where the word pecuniary comes from. It is latin for "money, wealth in cattle". Cows as money proved to be wrong b/c they were perishable and being eaten. This would be the same problem for oil b/c once it is consumed it is extinguished and no longer in existence. Money should not be easily destroyed. Renewable energy on the other hand is constantly being created unless you have no wind or sun.

[1RoaringMonk]

I am glad I found

this channel

[spanishaustralian]

Bill do you see anything wrong with free market money? my post previous check it out. God bless you Sir.

[spanishaustralian]

basically legalising the competition of money

[spanishaustralian]

I'm sorry not ben i ment Bill. my apologise Sir.

[spanishaustralian]

Ben i too agree gold is not the answer. Ron Pauls free market money how about that? i like that idea. allowing the market to creat money when ever it wants. compete with any currency it wants. the markets money. if the banks ant lending let other money spring up and compet. if the big boys try and hoard all the money allow the market to reintroduce new currencies. gold, silver, copper a local currency anything the market wants. give the market total control of money creation. what you think?