I ran across this video. It's a bit long at 47 minutes, but gives a clear picture of the reasons for and history behind our current financial predicament. It's not pretty. We haven't a chance to get out of this - there is absolutely nothing that can be done to prevent the total collapse of this country. Of course, that was the plan all along. There is much celebrating going on somewhere. I relish the thought that every last one of the schemers, liars and manipulators behind the New World Order will burn in hell for eternity.
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AJW308 ~
The gov't may create tokens representing money, but private industry creates wealth. The industry can be one person working alone or many working together.
The Tale of the Goldsmith was done in the Michael Moore style. That bugged me a bit.
The money creation mechanism and the reserve ratios tell me the loans, the big ones and the little ones are inter-related. If enough little ones fail the big ones will collapse and, conversely, if the big ones fail, so will all the little ones it spawned. I think that is reason the Feds have begun the bailout process.
"To stave off collapse of the monetary system" they just said it. Took a while, but this video pieces it all together.
Now I'm smelling a leadin to a Socialist system. Lets see where it goes - the labor economy sounds so so fair, but smacks of communism.
I can't imagine our gov't taking money and not spending it. They spend more than they take.
Any economic reform will require a change in gov't as well as a change in gov't personnel.
Some of the quotes, like that of Sir Joseph Stamp are accurate. I hadn't seen that one before. Funny how men like him and Woodrow Wilson (who'm I despise) can regret their part in the system.
As for the Ben Franklin quote, I thought it was the war of 1812 that was fought to get us out from under the Crown's bankers. That one of the reasons the Crown let us go in 1781 was that despite the military defeats they faced, they still controlled our economy.
Not only did Abe Lincoln have no clue about economics, he was more evil than I had ever imagined. Dumb, evil, and able to get elected. No, no hand of a cast out liar here guiding things, move on, there's nothing to see.
Oct 15, 2008 19:54
AJW308 ~
The above is a running commentary on the video. That's my excuse for any lack of coherency and topic jumping.
Then I accidentally clicked the "Publish" button when I meant to click the "Play" button your embedded YouTube video.
As for Rockefeller, I know a Vietnam vet who, one night came across a cargo ship offloading to sampans in a place where it shouldn't be happening. He just happened to be with some PJ's and SEALs and they had access to some limpet mines and they put parts of the ship into orbit.
He thought he had done his duty, but the following day, the $h|+ hit the fan because the ship, thought it was supplying the Viet Cong, was owned by the Rockerfeller family. His attitude and priorities changed that day.
That story tells me that the Rockerfellers will sell out the US if they can make a buck and I doubt that they are alone.
Look at the established Scottish leaders in Braveheart. They sold out their countrymen for titles and estates. I don't think anything has changed since then.
Taylor, are you going to participate in Vox's study of Murray Rothbard's America's Great Depression?
Oct 15, 2008 20:08
Taylor ~
The Tale of the Goldsmith was done in the Michael Moore style. That bugged me a bit.
I didn't realize that. I've never seen anything by that disgusting slob.
His suggestions for an alternative monetary system didn't go over with me either. But, I did get a much better idea of how our current monetary system works and is built on creating debt. I really had no idea how truly "fictional" our money is. It's not even built on sand.
All I know is that things are very, very bad and I'm trying to understand what exactly is going on and why, and where it's headed.
Look at the established Scottish leaders in Braveheart. They sold out their countrymen for titles and estates. I don't think anything has changed since then.
I guess it takes a certain son-of-bitchness to get to the top and even more of it to stay there.
I appreciate your feedback on it, AJW.
Taylor, are you going to participate in Vox's study of Murray Rothbard's America's Great Depression?
My fried brain would not do very well on anything like that. I simply can't concentrate on anything very long to have an intelligent discussion. At least it seems capable of handling Forex Trading. Apparently, the volatility of it fits my ADD.
Oct 16, 2008 07:39
AJW308 ~
You're always welcome, Taylor.
One more thing, the more I think about the money creation mechanism, it seems that it never stops like the vid suggests, but instead, it just keeps snowballing.
If I deposit $100 cash in the bank, the bank can loan out $1000 on it. That loaned $1K will sooner or later, find its way to a bank where it will be deposited. Then that bank(s) can loan out $10K. Ad infinitum.
Oct 16, 2008 23:26
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