Zeitgeist (monetary/war compressed) 1 of 4

A expose of the Income Tax and war in general. From Zeitgeist the movie, from part 3, with some slight compression and editing for sensitive audiances.

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[slipperymagoo]

As far as Zeitgeist...

1. The federal reserve does NOT loan money to the government, it buys government securities on the open market, which anybody over 18 can do.

2. 85-95% of the money generated by the reserve returns to the treasury, they DO NOT keep their profits.

3. The federal reserve is a Quasi-Public institution, it is owned by the people, and serves the people.

4. Borrowing on margin is illegal

5. Gold backed money==super tight money supply, which means high interest rates.

[ghengisconrad]

re 1. um... no. Even so the real damage is inflation

2. Even if true, I think you misunderstand the important difference between "DO NOT keep MOST of their profits" and what you wrote.

4. It was just a point as to how it was done in the past. Maybe you weren't paying attention.

5. Oh no! People might save and use their own capital! Banks may actually COMPETE in a FREE AND OPEN MARKET for lower interests rates.

[slipperymagoo]

1. Inflation is required for the economy to continue expansion, as does the population. Imagine if your population doubled and you didn't make any new money...

2. The rest of the profits go to pay off national crises (eg. mortgage crisis)

5. And how are you supposed to save money if the company you work for doesn't exist because the owner doesn't have capital because he works for nobody?

Please learn SOME economics. This video just spouts ignorance to an unlearned populace.

[ghengisconrad]

1. No, inflation by definition is what happens when something rare becomes less rare. Not inflation, but the Accumulation of CAPITAL is required for economic expansion. Capital is created when iron is taken from the ground a sword is forged, etc etc.

2. No, they don't. They just print up more dollars to pay off the 'national crises' they caused.

[ghengisconrad]

3. I like how you can overlook the word Quasi like it isn't there. Do you understand what is means?

5. Hiding taxes in inflation does not help create jobs, it only helps create more politicians.

[AlanCom1]

The discussion about margin calls is not only misleading, but false. A margin call is made when the underlying stock decreases in value. All the discussion about margin calls and JP Morgan is misleading if not false.

The so called banking lobby has no power. Only people who know nothing about economics can write a crockumentary like this one.

[ghengisconrad]

Stock prices crashed and thats why they had to call in the margin loans.

Documentary talks about that.

[AlanCom1]

@pornstarrshane:

How can you agree with Onguard4liberty, then you think that US can back up currency with metals? Also note that my posts were 6 months old.

The govt doesn't have the gold to back up the currency. When Bretton Woods failed, 1 oz of gold was 35. Now it's 900.

You can't erase debt, dummy. Yes Feds can print lots of money and make the gold be 1000000. But, who would lend you money when you need it?

Also printing money creates more problems than it solves. Think Zimbabwe here.

[PornStarrShane]

Yes I agree with OnGuard, appearantly you speak of things you dont fully comprehend. How can a an organization fight inflation if it creates it? Asinine much? I could use your own words "read then talk" or more appropriately type

[PornStarrShane]

Yeah you pretty much have lost all credibility there for understanding how the world works. The difference between us and Zimbabwe is that we are the supposed most powerful nation in the world. We have the gold to back the money we make, and I wasnt talking about printing money, paper money is a failed concept.Our government could easily create our own currency with precious metals to ensure relevancy and stop debt. money created outside the US and loaned to us is obviously not a good idea-think

[AlanCom1]

@dyslexic:

You don't seem to be thinking too much.

Printing money is a medicine worse than the disease. It never works. If you think you have too much physical capital in your country, look what printing money did to Zimbabwe. Read then talk.

[DyslexicDistortions]

wow, if the by your inane statements, if the government created its own debt then t could easily bring itself out of debt by creating more money. Ever wonder why this process works for some countries but not our own? A COUNTRY IN DEBT = THE PEOPLE IN DEBT. Let me ask you.. are you in debt?