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Money Masters

Submitted by AntiochOG on Sat, 11/10/2007 - 06:44
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This video was shared with me by a member of my local meet up group and I highly recommend it everyone. It is a little on the long side, but it tells the story of the US and World Central banks and how the control of the government and economy are held by so few.

http://digg.com/politics/The_Money_Masters_How_International...

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Least of two evils no, use gold!

Submitted by iehuvihs on Sat, 11/10/2007 - 08:54.

Both a private central bank and government printing of it's own money are bad. This is the reason we have the Constitution, it controls the issuing of money by limiting it to the amount of gold. So actually the price of materials would still flutuate, but the amount of gold or real money doesn't, or at least only so much as new gold is found. Gold therefore a relatively fixed commodity is used as a benchmark against all other commodities. When other commodities, either by increase in supply and demand or decrease in supply and demand go up or down in value. So it is one fair way to trade. Of course Greenbacks can be used instead of gold coins, but banks have to keep an honest deposit of gold in order to print them. The Federal Reserve got caught with their pants down in 1933 and so many believe this is the reason FDR made American hand in their gold and make it illegal to own.
grant

Fiat Empire is a great video

Submitted by futureinmind on Sat, 11/10/2007 - 08:39.

Fiat Empire is a great video and it features Dr. Paul.

My problem with this video

Submitted by EotS. on Sat, 11/10/2007 - 08:14.

This video does a good job describing the problem and its history, but the proposed solution bothers me.

It is of the Chicago school, and advocates that we take out the central bankers and then give government direct responsibility for printing fiat money, trusting them to inflate at a "reasonable and controlled rate."

I can't decide which is more disastrous, a private central bank or a government printing its own money. Let's just say it's a toss-up.

The best video on the Fed, in my opinion, is "Money, banking, and the Federal Reserve" by the Mises Institute - and, it's only about 45 minutes long...

Check it out at: http://tinyurl.com/382mg6

Least of two evils no, use gold!

Submitted by iehuvihs on Sat, 11/10/2007 - 08:51.

Both a private central bank and government printing of it's own money are bad. This is the reason we have the Constitution, it controls the issuing of money by limiting it to the amount of gold. So actually the price of materials would still flutuate, but the amount of gold or real money doesn't, or at least only so much as new gold is found. Gold therefore a relatively fixed commodity is used as a benchmark against all other commodities. When other commodities, either by increase in supply and demand or decrease in supply and demand go up or down in value. So it is one fair way to trade. Of course Greenbacks can be used instead of gold coins, but banks have to keep an honest deposit of gold in order to print them. The Federal Reserve got caught with their pants down in 1933 and so many believe this is the reason FDR made American hand in their gold and make it illegal to own.
grant

thanks for the tip

Submitted by ajwyoming on Sat, 11/10/2007 - 08:44.

Thanks for the tip on the google video about the Federal Reserve.

I recommend this documentary

Submitted by RoC on Sat, 11/10/2007 - 07:56.

I watched it two or three years ago.
This documentary got me interested in the subject of central banking and monetary issues in general.
it also lead to my discovery of a certain texas congressman ...

One of the more interesting aspects of this film along with the call for abolishing the federal reserve system is the claim that a return to a gold based currency would make the dollar vulnerable because the relatively small amounts of gold available would make manipulation possible.

The film made two proposals: make silver legal tender along with gold (hope i remember it correctly), because the price of silver is more difficult to manipulate. the other proposal was to stay on greenbacks, but take away the power of the government to inflate the currency.

Interesting, eyeopening historical documentary which covers the history of money and how bankers have manipulated it throughout the centuries. It's the best documentary on money and banks i know of.