Money as Debt

0 votes

This is a 47 minute animated video that explains money and banking. It's something none of us learned in school. (Many on this forum do understand the importance of this issue.) It's therefore very foreign to our thinking and for many difficult to believe and/or understand. When you do really understand what has happened it becomes easier to understand the dire straits we are in and the need to stifle any serious public discussion or debate about it.

You may be just one more that will begin to understand it and to educate others, especially your family and friends. But remember, it will be almost like convincing people to believe red is really green. Clearly there is a dangerous lack of understanding of money and banking and very powerful forces will stop at nothing to see that it continues.

Money As Debt Video

http://video.google.com/videoplay?docid=-9050474362583451279...

This will also explain why Ron Paul and more importantly the message he is bringing to the public will be stifled and ultimately stopped if possible. He understands this grave situation better than the vast majority of government officials, elected or appointed. More important and potentially dangerous for him personally is that he is one of a scant few willing to warn average citizens and inform them of the economic facts. Without knowledgeable citizens being educated in the truth and without a major change in focus and direction, our monetary system and more importantly our nation is in its final days.

Armed with the knowledge about money and economics is the only way average citizens could ever hope to make informed decisions about who should lead this nation and in what direction. Clearly the majority of people if well informed in truth would prefer serious discussion and debate about the future of our nation rather than catchy, meaningless sound bites and campaign rhetoric.

Until the people of our nation are well informed and educated about our monetary and economic policy we will continue to be manipulated and deceived by the powerful people that control our money and banking, and through them our government, our foreign policy and our entire way of life. Even most people in the banking business do not know and understand the history, mechanics or ramifications of the fractional reserve banking system.

Ron Paul clearly understands this issue and understands that the cruelest tax on the average American citizen is the "inflation tax" that occurs with the devaluing of their money. He understands that our nation has seriously strayed from the bounds placed on our government by the constitution and the need to restore those constitutional bounds placed on government. If not it is our very freedom and liberty that is at stake.

www.ronpaul2008.com

www.ronpaulforpresident2008.com

Regardless if you are a Christian or not you will be affected by the evils that lurk in our monetary and economic system. Monetary policy should especially be of utmost importance to any Christian. Our founding fathers were in fact well informed and knowledgeable about money. (Read the US Constitution Article 1 Section 8.) They understood the following! What is your church saying about it?

The Money Changers
http://www.keyway.ca/htm2000/20000315.htm
by Wayne Blank

During the time of the New Testament, Jerusalem was under Roman occupation (see Ancient Empires - Rome), and Roman money was in common use. The Jewish authorities however required that only Hebrew money was acceptable payment for the Temple tax. So, money changers were allowed to set up tables and benches (the English word bank is derived from the word bench) for themselves in the court of the Gentiles where they exchanged not just local Roman money, but also foreign currency from distant travelers, for shekels. Along with them were peddlers who sold animals, birds and various items for worship and sacrifice.
The money changers profited greatly from the exchange rates that they charged worshipers for shekels to pay the priests, and then from the priests to convert it back into Roman money - they were "cashing in" from both ends. They also profited exorbitantly from loans that they made - with interest rates up to 300 per cent. While there is nothing wrong with capitalism, or providing a useful and convenient banking service, these particular "bankers" were greedy profiteers who cared nothing about using God's Temple, and His worshipers, as a means to get rich.

    It was the sight of this Temple "market" that triggered the only recorded incident in the human lifetime of Jesus Christ in which He reacted in a violent manner toward anyone -

      "And they came to Jerusalem. And He entered the Temple [see Temples] and began to drive out those who sold and those who bought in the Temple, and He overturned the tables of the money-changers and the seats of those who sold pigeons; and He would not allow any one to carry anything through the Temple. And He taught, and said to them, "Is it not written, 'My house shall be called a house of prayer for all the nations'? But you have made it a den of robbers." (Mark 11:15-17 RSV)

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

How to end Fractional Reserve Banking?

I am reading a book "Rethinking the Great Depression" by Gene Smiley and it is clear to me that the Fractional Reserve Banking scheme is a big culprit to the economic chaos we see periodically. It is also why the Federal Reserve was needed in order to "manage" the money supply. The issue I have not figured out though is: How to end fractional reserve banking? A major shift in money supply, no matter that the money doesn't exist anyway, would cause a serious depression. Pulling back the fake money would be crippling to the economy. And if we do it how does that work with other countries keeping their fake money system?

Is it basically a "No Pain, No Gain" senario? And this would be a lot of pain I think.

_________________
Want Ron Paul? Register Republican Now

A very good video at

-A very good video at explaining the problem of a fiat money system. However their solutions are somewhat troubling and their arguments against a gold or silver based currency are weak. (clipping and weight? why cant we have a bill that represents silver, or a debit card that is measured in ounces of silver?) Remember, government does not need to mandate what we use as money as this film suggests people will naturally use the best currency without government force.

BUMP

BUMP

Good flick

...

Only part of the picture

Ever wonder why the U.S. is able to have so much debt for so long and not have a recession? Ever heard of "petrodollar recycling"? Ron Paul does.

http://mathaba.net/0_index.shtml?x=530827

http://video.google.com/videoplay?docid=1283250336175505194

William Clark talks about "Petrodollar Warfare" - Ron Paul is mentioned at time 17.50
http://video.google.com/videoplay?docid=-5344728350673622669...

Ron Paul on The End of Dollar Hegemony
http://video.google.com/videoplay?docid=-8327695139643041382...

It's that important

Just wanted to bump the links above. It's that important for more people to understand the money and banking issue.

Excellent links! Everyone

Excellent links!
Everyone should certainly look at them all and pass them along.
Education and truth is our most important tool to restoring our republic if it's not too late.

Thanks so much for these links!

The "Money As Debt" video is

The "Money As Debt" video is excellent for explaining, in broad strokes, what is wrong with our monetary system. There are a few problems with it though, the most apparent to a supporter of Dr. Paul's or a student of Austrian economics is that it advocates replacing the debt based fiat money system with a flat out fiat money system instead of one where currency is backed by some form of commodity (gold, silver or something else). The fiat nature of money is what enables government to grow so large without asking the people for more money in taxes. If you distribute "Money as Debt" to people with that caveat its a very useful tool.

"Freedom suppressed and again regained bites with keener fangs than freedom never endangered." -- Cicero

given the premise that

we have a debt based currency and that for each dollar in circulation first has a dollar of debt created for the basis of the dollar in credit. And, given a national debt of over $9 trillion dollars and a public/commercial/private debt structure of around $4-5 trillion, and a total debt/credit for money circulation of ~$14 trillion, and that the US Treasury has 149 million ounces of gold on hand (according to unaudited reports), then the FRN can only be supported somewhere north of $90,000/oz. The national debt could be resolved with legislation calling for the US Treasury to issue treasury notes as money. They simply pay off the national debt with this currency and break the debt slavery yoke of the world bankers. The US then downsizes government and works to remove these treasury notes from circulation until they can be supported by gold and silver at a better rate. Still, I note that a fiat system can work but only if the amount of money in circulation is caused to expand or contract on a basis equal to the expansion or contraction of the GDP (the real one, not the cook the books figures we are using now).

Very true indeed and well

Very true indeed and well noted!
It does serve as a start to someone that understands nothing at all about the subject.
Thanks for making the point. The caveat is important!

Just one more way...

Ron Paul follows Jesus' example. Thank you, littleguy, for bringing this out.

But that man should play the tyrant over God, and find Him a better man than himself, is astonishing drama indeed!~~D. Sayers

There is no difference between an authoritarian government from the right or the left...F. A.Schaeffer

You know if every American

You know if every American would get off their duffs and learn about stuff like this their would be a revolt. I wonder if Mr. Rockefeller is scared because I know people are catching on. I for one am so pissed off about this crap and I feel like foreclosing tomorrow to show them im pissed. Very soon the economy will go into a tail spin and Americans will blame each other of coarse but I know who I am going to blame. I think I should go down to the local hardware store and buy myself 2 things a pitch fork and a torch.