Michael Badnarik on the Federal Reserve System

An excerpt from a 2001 U.S. Constitution lecture by the 2004 Libertarian Presidental nominee Michael Badnarik covering central banking, the Federal Reserve and money.

Full lecture:
http://www.archive.org/details/Michael_Badnarik

Category:

News & Politics

Tags:

• Badnarik
• central
• bank
• bankers
• money
• federal
• reserve
• changers
• trust

[growrichkid]

we had to write a paper and present it for school. I decided to write on the Federal reserve bank and my Professor did not enjoy one bit of the info i had to share with the students and i think it was because he was a tax lawyer for the treasury department. lol you should have seen everyones faces by the time i was done.

[NivoUF]

Damn straight, bless this guy!

[hippa2dahoppa2]

wow thanks for this video! i love the way you explain this stuff it made me understand everything so much more clear. i always wondered why that money when i was little was worth so much more and why i could never find it even though it looked the same now i know why!

[danniecurnow]

Is it me or does Michael Badnarik sound like Jerry Seinfeld?

[vincentca2004]

@matako07 only 30 years ago an equivalent car would cost you 5000 dollars....funny how you would be the first one to cry when your worthless paper can only be used to wipe your ass. Unfortunately, the dollar is the reserve currency of the world and the USA is the biggest exporter of inflation around the world and as a result the people are rising against governments globally because of your senseless policies. It will end sooner than later..

[CaptHiltz]

I want to add that Michael doesn't point out who the first members of the Federal Reserve were. They were and are to this day the very wealthy and business elites of this country. If Micheal is a libertarian I can then understand why he didn't mention this. As far as I know many libertarians believe that business is our savior. I would argue that the wealthy and powerful are to blame for our current problems. I trust big business way less than I trust big government.

[CaptHiltz]

I agree with a lot of what Michael says except: He gives the term government too broad of a brush. I assume he means the Federal Government. If I were him I wouldn't quote Ronald Reagan about the government consider he bloated the size of the government more than any other president. Many aspects of the national government and state governments do indeed do much good for the populace.

[Sygorg]

I like what M.Badnarik is saying ... the truth. Keep it up!!!

[MacPr0xnxx0]

this man is very intelligent i could listen to his lectures all day

[matako07]

@R3volution28 it'll be a little while still before $80k is worth only $3.45 -even then -it'll still be worth something,its value and whether or not the Federal Reserve is privately owned -completely irrelevant to any meaningful political discourse.As usual- the Primary Goal of any American Libertarian is to get people chasing their tails with fallacies,fairy tales and falsehoods.

[MidNiteR32]

@matako07

You're from Canada, explains everything.

[jesusisalive2]

they used to hang traitors in this country. Now they turn them into bankers, lobbyists and career politicians.