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Weekend Watching: The Secret of Oz by Bill Still now FREE on YouTube!

The best, well-researched film on the history of money. A must see!

http://www.youtube.com/watch?v=D22TlYA8F2E

Description:
What's going on with the world's economy? Foreclosures are everywhere, unemployment is skyrocketing - and this may only be the beginning. Could it be that solutions to the world's economic problems could have been embedded in the most beloved children's story of all time, "The Wonderful Wizard of Oz"? The yellow brick, the emerald city of Oz, even Dorothy's silver slippers (changed to ruby slippers for the movie version) were powerful symbols of author L. Frank Baum's belief that the people - not the big banks -- should control the quantity of a nation's money. The bottom line: No More National Debt. All our money is created out of debt. But nations don't have to borrow money from banks. Sovereign nations can create their own money -- debt free -- just as Abraham Lincoln did.



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Ron Paul and Bill Still share the same policy

If I understand him correctly Ron Paul recommends a free market in competing currencies. He does NOT recommend a gold standard monopoly but he predicts that a gold/silver standard would become money of choice in a free market of competing currencies.

I think Bill Still's movie is intelligent and on the ball. The main recommendation of Bill's is that government's should NOT be allowed to borrow. That is the key. If the government can sell bonds backed on the good faith of the nation then there is never a reason to borrow - its always a cheaper option just to sell bonds based upon the good faith of the nation. Why get into debt when your own promissory notes have a universal demand in bond markets?

Obviously if the government issued bonds those bonds would be used as a kind of money competing with the private free market currencies. I don't know if this could destroy the free market. But it seems that only those who have faith in the government will buy the bonds. There is no force if you can pay your taxes with gold or silver which seems reasonable.

I think Ron Paul has advocated the same ideas as Bill Still on the most critical aspects:
1) Governments should never borrow.
2) Governments should not interfere with a free competing currency market.
3) Governments should not demand payment of taxes in any private currency but should only accept gold, silver or reclaim their issued bonds.
4) The quantity of any currency including government issued bond based currencies should be very transparent and carefully controlled by the people.

:-)

Watch It Again and Again, Untill Realizing That...

It's Not! What Backs The Money...
It's Who! Controls its Quantity...

It is not the issue of gold, silver, copper, wooden sticks... or paper...

You know who controls the QUANTITY... the answer to the problem is right here... this control shall go back to Congress - THE NEW, PEOPLE CONGRESS!

IF WE WANT TO BE FREE... all States and Communities should learn and implement the workings of the Bank of North Dakota...

What he said!

This is perhaps the best video out there for gold bugs! I am not naive on this topic, but I got a genuine education, and I am only half way through!

Truth exists, and it deserves to be cherished.

I had a similar feeling to Anisha

I watched the film in it's entirety about 24 hours ago, and found it very compelling, and very well researched. Still, I know that things fitting each of those can still be purposely misleading(not saying this was, just saying such things can happen).

The examples used spanned both the far reaches of recorded time and much of the globe, and many different circumstances. I guess some of the replies to Anisha's post/comment made me feel a little better... I didnt want to have to choose between my support of Ron Paul or this well-presented production.

I still have issues though and am seriously disappointed with the lack of discussion so far. I came back for the first time in awhile yesterday on a whim(I've been avoiding the site for personal reasons, one of which is how seductive the debate can be, for me at least), and this post out of all of them piqued my curiosity. I guess I either learned something or was reminded of something about RP and the competing currencies. To those in the know, does he routinely give that answer, or is it just a now and then? Either way, I'm glad he has said it and it needs to be said more, because that isn't how he is made out to be by the media and by the majority of online posts mentioning him as a gold bug.

Honestly, by the end of the video I was tired, and it took me much longer to watch because I kept stopping to take notes to try to make it more interesting to present to my family and others(who arent fully "awakened", as some of you like to say), so I may have to watch it again, unless someone actually actually will provide some articulate support for Bill instead of Ron Paul for once. :) Macro economics has never been my strong point, so I respect you guys enough to look for a little support in understanding this, until I inch a little closer to mastery.

Showing that the banks were involved in every assassination and attempt was important, but he left out JFK after his speech on ENDING THE FED, and Reagan, after his FIRST act as President was a report showing where the income tax money went(100% to pay interest to certain bankers, nothing else). I wont get into how Hinkley's brother was to have dinner with Bush's son that night, similar to the Bin Laden's being in DC on 9/11 http://killtown.911review.org/assassinations/reagan.html

Is it possible that bullet swayed Reagan from his non-spending ways, as he was only 70 days into office? Cowardly Lion? Is it possible Ron Paul is aware of any threats? I'm sincere, I wonder about a lot. I hope that doesn't open me up for attack for admitting I dont know. I'm hear to learn, as well as share what's on my mind.

Yeah I know a lot of things are a "waste of time" to think about, but I'll leave that for each person to decide. There are a lot of things that don't make sense to me. Sometimes I wonder if the "liberty candidates"(or maybe certain ones) are the human version of disinfo 9/11 videos/sites(as opposed to the sincere about uncovering the truth), because those in power see a market for it, and see the truth getting too close to the surface and the need for a false messiah? I'm not sure if anyone else has ever had questions like that, but after watching videos on how Obama was "groomed" from a VERY young age, I know that there are many long term deception projects at any given time. I'm just trying to be ready to abandon my beliefs at any moment if they are found to be wrong, unlike the flag wavers who still believe the 9/11 and JFK official reports, or their antithesis on the left, who believe that no one with an "R" behind their name should ever be voted for, no matter what.

In closing, I'm glad some folks pointed out I didnt have to choose between Ron Paul and this Bill guy's research, at least today. Still though, if gold has been such a problem, WHY is Ron Paul's name so linked to it, instead of say, silver, like WJB? I may be dumb at times, but if I can be confused or Anisha can, then what about the herd? Maybe those people linked to Gold need to aggressively distance themselves from it(if anyone in power ever lurks here, you may want to take that suggestion to heart ;)). Sometimes it just feels like an neverending evolution of BS... the further we progress in knowledge, a new chunk of equally attractive yet opposing BS is tossed our way and we're forced to choose. Am I the *ONLY* person who ever feels that way? Sorry for airing my frustration, but I'm relying on a bit of help from those who understand macro economics better than myself, and I'm guessing some other readers may benefit from your answers as well. Thank you in advance. I'm just sick of not being able to be sure of much anymore. If I'm really stupid, let me know, because I know I'm not alone on this.

you're not alone--

it's important to trust nobody but God, if you believe in God; if you don't believe in God, I don't know whom to tell you to trust.

I believe Ron Paul is a good man and a constitutionalist; I think that he has opened eyes about the Federal Reserve; I don't see how that can be wrong.
But he can't know everything about money any more than anyone else can.

The fact is that *we* know there has been much manipulation.

I believe that Ron Paul has been careful about 'gossip'; I think he attacks things that are very substantial, rather than talking about the shadowy things; I think that is how he has survived, actually; he teaches the truth without getting himself destroyed by squabbling.

However, he has mentioned 'shadow government'--

and he has talked about the evils of debt.

I haven't watched it all yet, but this is how I have come to think--

and I do believe those assassinations are linked to the banks--

unfortunately, there hasn't been much success in having a good monetary system since before 1776--

in the U.S., so . . . how can anyone know what will work really well?

it's hard to be awake; it's easier to dream--

adding something by replying to myself--

in case anyone wants to know--

I finished watching it, and I think he has valid points--

I don't think that he and Ron Paul substantially differ--

both are against the international bankers--

this man doesn't mention the federal reserve, though--

I think his ideas get around the federal reserve; I found the part about the Bank of North Dakota fascinating--

it's hard to be awake; it's easier to dream--

I just watched it entirely.

Ok, so. Does this mean that Dr.Ron Paul's calling for 'gold back dollars' basically.....supports the bankers?

Oh boy. Tell me it ain't so...

No, it means that Bill Still is clueless about economics.

Let's consider what the Wizard of Oz symbolism really means.

The road to the Emerald City (fiat money) can only be reached via the yellow brick road and silver slippers (real money).

Pay no attention to the man behind the curtain (central banker who makes the paper system work).

Republicae's picture

Parsson's Dying of Money is a

Parsson's Dying of Money is a very good recommendation for anyone interested in the subject.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

I think bill still is over paranoid on that point

It something people love to cling on to...the evil greedy capitalists will corner the market on X.

It amazes me how many people believe this stuff. Rich people own gold because a> they can and b> they know its a good storer of wealth.

So long as there is a free market...i have serious doubts they can corner the gold. And that (like others have pointed out) is was Paul wants above all. Alternatives to gold will appear if the elite try to flex their muscle and they will take a bath cause no one can control a free market.

Did you actually watch it?

If so, did you pay attention?

In reply to your assertions, are you familiar with what's been done in the diamond market? It's like saying "so long as there is a free market on politicians". The answer is, "There isn't". That seems to be the big point of this. We can't even keep tabs on the gold in Fort Knox, which many believe to now be in Chinese ownership or a million other places.

I was not familiar with Bill before this video, and he may not be right on everything in it, but he presents a compelling case that's backed with a lot of diverse factual data and examples spread throughout time and the globe. He also gives potential solutions, unlike some videos, and multiple, competing solutions at that!

If you're mocking people "who believe this stuff", the owner of the board, Michael Nystrom, seems to be one of them. He took the gold advertisement that had topped the front page for years down after an article about gold manipulation outraged the readers. Now, gold is back, in more than one colorful ad. I haven't been around here much for awhile, so I'm not sure if there was discussion on the gold flip flopping(I did point out there were ads for Rand Paul's opponent, Jack Conway, here on the Daily Paul, and he immediately said he would address them soon). Of course ads are money, it doesnt necessarily mean anyone agrees with them.... However, I got way off course. My only point was that it's hard for many of us to know the definitive truth on these things.

The video was well done and encourages open discussion, which I think has amazing value. I dont have an opinion yet, that's why I came back 24 hours later hoping to see many more comments and a more engaging discussion. But if you ALREADY have a strong position, why not ask him yourself on his site? http://www.secretofoz.com/ His email is in the "contact us" link at the top, and you could post his reply here. I'm sure he'd be thrilled Daily Paul was discussing the work he put up for free and would be happy to give you detailed answers. If not, then I might begin to agree with your assertion.

Yes

I watch it maybe not all the way through, but I heard the same points repeated from money masters. I don't want anybody controlling the quantity of money. Yes I have heard of debeers and I find it funny now one has heard of BHP.
http://www.bhpbilliton.com/bb/ourBusinesses/diamondsSpecialt...

For most of the 20th century over 80% of the world's rough diamonds passed through De Beers,[61] but in the period 2001–2009 the figure has decreased to around 45%.[62] De Beers sold off the vast majority of its diamond stockpile in the late 1990s – early 2000s[63] and the remainder largely represents working stock (diamonds that are being sorted before sale).[64] This was well documented in the press[65] but remains little known to the general public.
As a part of reducing its influence, De Beers withdrew from purchasing diamonds on the open market in 1999 and ceased, at the end of 2008, purchasing Russian diamonds mined by the largest Russian diamond company Alrosa.[66] Alrosa had to suspend their sales in October 2008 due to the global energy crisis and was expected to resume them in late 2009.[67] Apart from Alrosa, other important diamond mining companies include BHP Billiton, which is the world's largest mining company;[68] Rio Tinto Group, the owner of Argyle (100%), Diavik (60%), and Murowa (78%) diamond mines;[69] and Petra Diamonds, the owner of several major diamond mines in Africa.

From Diamonds in wikipedia. http://en.wikipedia.org/wiki/Diamond#Marketing

Yes, De beers controlled the market in the past, but that was geographical. There were very few if any diamond mines outside of south Africa. Russia was closed off to the world and no one ever thought of digging a hole in the northwest territory of Canada. Debeers lost its grip on the market coincidently around the time the Soviet union collapsed. With out the geographical debeers situation in other products its nearly impossible to have this sort of monopoly with out government protection.

I don't really care what Nystrom's opinion of it is (I know I hear the gasps). I disagree with Nystrom on a lot of things. Heck we probably even had different things to eat for breakfast this morning. Trying to make the argument that it is a popular position certainly doesn't make it a correct position.

Why on earth would anybody want the government the control the supply of anything? Do you want them to control the supply of bread, shoes, guns, bullets, medicine and cheese? I argue for freedom, let the government issue debt free currency so long as gold and silver are free to operate as a currency. Most of the things that Bill explains about gold money was done in collusion with parliament or congress.

The basis for my argument comes from the Austrian School of Economics. I can't understand why more people from this site don't study it. Just listen to the audio at mises.org. Ron Paul says so gosh darn it.

see these links

http://search.mises.org/search?q=monopoly&site=Media&btnG=Se...

http://search.mises.org/search?q=money&site=Media&btnG=Searc...

We'd need more than gold

We'd need more than gold backing because the criminals control the quantity and manipulate the prices.

competition

Ron Paul calls for free competition in currencies. You would be free to use the currencies of your choice, which may or may not be backed by gold.

http://www.dailypaul.com/node/118556

Everyone on the DP should

Everyone on the DP should watch this film.

This is good to send

out to friends, thanks.

"We can see with our eyes, hear with our ears and feel with our touch, but we understand with our hearts."

Bump for evening views.

Bump for evening views.

Great movie

End The Fed!

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

Joη's picture

many x post

Thanks! have been waiting for this.

Will watch it this afternoon!

Truth exists, and it deserves to be cherished.

It makes you think

@ 1:46:13 - "But be prepared to deal with the modern day gold bugs". I wonder if that is a reference to us? We often howl about how the Dollar is not backed by anything.

Bill Still's argument is that it's not what backs the money but who controls it's quantity. Ron Paul has often been questioned, "Well what's your solution? A return to the gold standard?", to which Ron replies, "Well not just gold but silver and other precious metals and a whole basket of commodities. The gold standard wasn't perfect either"

Those 2 positions are not mutually exclusive, and I think both agree with ending the fed.

Where Ron and Bill really diverge is who issues the money. The Constitution says Congress, and Ron has quoted that passage. However he also advocates allowing competition to the Federal Reserve Dollar, which implies, allowing other banks to issue currency. I think what Ron is saying is, let everyone be free to issue currency, and let the market place decide which is best and most accepted.

Bill says that the power to issue money being held in private hands is bad, and that government issuing the money is good. On it's face this sounds a little statist, yet better than what we have. Like LaRouche's "Nationalize the FED" idea, it's better than what we have, but there are better solutions still.

The Constitution says that Congress shall coin money, and only gold and silver shall be legal tender. That does not preclude state banks from issuing money though.

Good movie. Got me thinking. I don't agree with all of his conclusions or solutions, but he has made many good points which leads me to question and re-evaluate some of my previously held assertions.

The big question for me now is, what is better: government issued money, be it from the Dept. of Treasury, or from State owned Banks, like North Dakota? Or many different forms of money in circulation offered from many private owned banks all issuing competing currencies? I don't want to trade 1 form of centralization for another. I would like to see many banks offering different currencies, some backed by silver I hope, but all be held to a 1:1 ratio, ending all fractional reserve banking.

1 thing is clear though, Bill did mention that the solution that will be offered by the IMF is Gold backed international currency.

He seemed to promote silver a bit, yet I was surprised not to see reference to Kennedy's Silver Certificates or Executive Order 11110. It sounds like the movie gets updated periodically though.

Emerald City

I think he misinterprets Baum a bit. In THE WONDERFUL WIZARD OF OZ, Dorthy and her friends are made to wear green spectacles which give the illusion that all is green in the Emerald city.

I and others have always interpreted the Emerald City not to represent the good or desirous "green back" but the green FIAT currency, which is based on illusion by the Wizard (the bankers, not the government as Bill Still suggests).

The gold standard (the road) leads to fiat currency the ultimate trickery of the banking wizards.

Also, Baum might have recognized the intelligent capacity of the farmer and obviously had affection for them because of the roll of the scarecrow but his "not having a brain" was an indictment on their not realizing how the bankers were taking advantage of them. The Tin man was not the worker so much as INDUSTRY which did not have a heart. The Lion is WJB but also all POLITICIANS (Lion is also a symbol for government) who lack the political courage to stand up to the banks.

Still twists the allegory to suit his view that Congress controlled fiat currency is the answer.

He made a great film and has some very good observations but his overall thesis has holes.

Republicae's picture

Very good analysis, I must

Very good analysis, I must say!

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Tally Sticks

Can someone explain to me how tally sticks are not "debt based" since they exist of two pieces (one for lender, one for borrower)that record a debt?

Republicae's picture

Exactly, they were just what

Exactly, they were just what the name states: a Tally of Debts owed to the Crown. Essentially, Tally Sticks were nothing more than a form of securitized debt obligations, in other words a double liability currency very similar to the fiat currency we now suffer under. The only real difference was the fact that Tally Sticks were used primarily for smaller transactions and functioned along side regular currencies.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

well I always knew not to

well I always knew not to invest in gold...as they have been manipulating it from the beginning...they declared it worthless before..they can do it again...
This was very informative...and basically this says that those who have been calling for gold backed dollars are actually doing the job for the ruling plotcracy elite...so what is the solution? is it silver? I say just print debt free money....keep the evil bankers out of it..
people quarrel about what is the evil...money or power...
answer...the LOVE of money is the root of all evil...
to hell with all of them

"and the truth shall make you free"
John 8:32

Republicae's picture

The most manipulated currency

The most manipulated currency in the world is any form of fiat paper money. If you look at gold/silver you find that governments have always hated the metals, in particular gold...why? The reason is pretty simply, it cannot be manipulated as easy as paper money, the ability to depreciate gold money is difficult since the weight of gold money is usually standardized, thus any chipping would eventually cause people to uncover the ruse, any dilution of the metal itself would also be relatively easy to expose.

Most tyrants hated the restrictions associated with gold money, but they sure have loved the flexibility of fiat paper money, it has made more governments and bankers wealthy than gold ever did, it has also given more power to governments and bankers than gold ever did. If gold were such a powerful system in the hands of the elite then why don't we have gold money? It would be logical that if gold were such an extremely effective instrument in the hands of the bankers and the governments of the world then we would have gold money circulating this very moment, but we don't, we have a highly depreciated fiat paper money that is constantly manipulated and through that manipulation the wealth of this country has been siphoned from the People, reducing them to little more than a productive serfdom for the elite.

The whole concept that gold can be manipulated defies logic, for it that were true, if the bankers and governments were able to manipulate it to such a degree then it would be their money of choice, but it is not. They hate gold money in the hands of the People because it is an asset, in fact it is a double asset, which provides private property protections which cannot be found in any form of fiat paper money, which, by the way is usually a double liability since it bears no inherent commodity value.

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

Wow!

Made a lot of sense to me! Totally changed my outlook on things. I've some research to do. First stop, Bank of North Dakota...

"Necessity is the plea for every infringement of human freedom. It is argument of tyrants. It is the creed of slaves." William Pitt in the House of Commons November 18, 1783
"I know major allies who fund them" Gen. Dempsey referring to ISIS

this was actually worth watching the entire thing.

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Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.

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