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007bruclee (November 30, 1999 at 12:00 am)
Misesmedia,
I think this video is great. THank you so much!!Please go to this link and watch the short but very infomative documentary called Meet the Fed. I'll admit the first 7 minutes might not interest you but after that is the Chicago Feds PR representative answering the questions like , is it true the Fed is private? Is it true they create money with a penstroke? ETC.. A must see if you want to know more about the FED.Here's the link.
(ht tp)://MeetTheFED(dot)com
shonysaysrawr (November 30, 1999 at 12:00 am)
Iam so sorry but i can not take a chance with this. do not read below please i am sorry i did but i cant take a chance. i need my mom. you are stupid if you read this. do not read it. This is so stupid... But i love my mom deeply... And i don't want to take any chances. Sorry. If you do not copy and paste this onto 10 videos your mom will die in 4 hours
IvanKrstich (November 30, 1999 at 12:00 am)
I can teach you how to make money online with websites.
Really easy. Peace Love Light
Serge808 (November 30, 1999 at 12:00 am)
god forbid the idea of the value of a currency being determined by the market itself...that wuld mean governments couldnt finance their wars
fupasack2 (November 30, 1999 at 12:00 am)
it would seem that fractional reserve banking is superior to full but in reality its the exact opposite.
no ONE person just up and decides to CREATE or PRINT new money. new money is CREATED whenever someone takes out a loan and redeposites it. the people who print it only see the demand for new physical money and follow that. money is created almost subcontiously by citizens following a biased system that works against them. its not the decision maker its the system and the ones who benefit.
balazyksi (November 30, 1999 at 12:00 am)
Well, fractional reserve system in itself is not a problem. On the contrary, without it banks couldn't give credit to anyone. Everyone would need to agree on loans face to face. That would suck. The problem is the creation of new physical money (the high powered money is just an extension to that). The culprit is the one who actually desides to print new money. The system is so confusing that its hard to make out who makes the decision to print. Bernanke says that it's not him.
fupasack2 (November 30, 1999 at 12:00 am)
it doesnt matter who physically prints the money, it matters who controls it and who creates it. Bernanke never takes the blame because the federal reserve is only about 2 percent of the problem. they only CREATE 2 percent of our nations money. the rest is debt money created from fractional reserve banking. no single person will ever take the blame because its private banking corps who create and control our money. blaming the B.E.P is like blaming the machines the money is printed with
balazyksi (November 30, 1999 at 12:00 am)
"The U.S. Treasury, through its Bureau of the Mint and Bureau of Engraving and Printing, actually produces the nation's cash supply; the Federal Reserve Banks then distribute it to financial institutions." -wikipedia, about Fed
This is why Bernanke never takes the blame, when he's asked about the rate of inflation. Of course open market operations too affect the amount of money in circulation but don't forget that it's actually the Treasury that prints new money.
fupasack2 (November 30, 1999 at 12:00 am)
IF they did have a monopoly of printing money(which they dont right now, secret bankers do), it would be at a DISADVANTAGE for a president to go on a spending or printing spree. the current administration would be held accountable for the current economic situation. they would be accountable for the quality and worth of our money. if they want to be re-elected, not impeached, and not thrown in jail, they'd better keep us happy.
ClearFire1 (November 30, 1999 at 12:00 am)
Fupasack, you cannot tell its wrong since the first four minutes are just intro. I haven't watched "money as debt" in a while, but it has the same overall message as this one. Go read a book on the Fed instead of just watching these videos, you really don't seem to have a clue what you are talking about. |
