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Ever Been Curious About Our Monetary System? - 4/5/2007 9:35:33 AM   
juliaoceania


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From: Somewhere Over the Rainbow
Status: offline 		I am always on the look out for new videos that explain our economy, this one is very simple and easy to understand, hopefully someone else will get some new knowledge out of it.
http://video.google.com/videoplay?docid=-466210540567002553&q=genre%3Adocumentary&hl=en


P.S. not for fans of the fed reserve and fiat currency models.


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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 10:24:32 AM   
Lorgrom


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Status: offline 		In this agree with you julia.

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 12:04:41 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline 		I agree.
We need to abolish the Fed and go back to the gold standard.
And it's not actually "The Fed" it's run by private individuals and banks.

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 12:10:02 PM   
mnottertail


Posts: 60698
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Status: offline 		Ya, I am feeling my wings today, and Mr. Richard Nixon took us off the gold standard.



For the longest time, after lingua franca, the only country of any hemispherical importance that had it.

But now, china, well mostly the asians own that lot.  And they have been a kinder and gentler lot than we.

Ron


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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 3:23:12 PM   
seeksfemslave


Posts: 4011
Joined: 6/16/2006
Status: offline 		I feel a post from Real One coming on. I haven't looked at the video yet. Will try but my dial up is too slow.

No took too long to view the video.

When the Gold Standard was in use everytime currencies where devalued or Gold increased in value, the opposite side of the same coin , then those countries that held a lot of Gold benefitted
Which country would that be then ? lol

Also Gold as the major index of value actually limits increases in liquidity , ie the ability to create purchasing power.
When politicians or especially banks creat liquidity then expect BIG trouble.
Japan in the  late 80's is a perfect example.

Whats the answer then ? I dunno !

< Message edited by seeksfemslave -- 4/5/2007 3:40:49 PM >

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 5:05:44 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		JA;

I actually don't have to watch the video. I also don't know if you can call what we have a monetary system. If you look at the root of the word monetary, it would seem that money is required, and there is none. Simply paper.

If the people did not revolt when the government made it illegal for private citizens to own gold, they are not going to do a thing now. I thought that 75 years ago some people still had heard of the Constitution, but apparently I was mistaken.

There is more to this than meets the eye.

I have an electronic copy of the Protocols of the Meetings of The Learned Elders of Zion. Dismissed as a forgery, branded fiction, but a hellof a good read. If anyone would like to read this pack of lies, which strangely have come true, I can supply a zip file containing 24 HTML files. This is the whole enchilada.

Though all lies, a forgery and fiction written a long time ago, it explains alot of things, like the true goals of those who hold the reins of power. This complete fallacy seems to predict EXACTLY what happened afterward. This forgery is closer to the truth than the Bible, the Quatrains and any history book.

Yes, a completely useless document, I highly recommend it.

When you get a significant body of knowledge about how the world got this way, you already know where it is going. Can you say handbasket ? I don't need to see that video, or the TV news, or anything to know what is going to happen.

In the words of Mr Spock "If I drop a hammer on a planet with a positive gravitational field, it will fall to the ground". In the same light, 2+2=4.

You'll have to mail me to get a copy, just have an account somewhere that can accept attachments. There are no virii or anything else, simple HTML 1, no java no nothing.

Since I can't give out my real email in the public forum, if more than one person contacts me for a copy of this, I'll put it in my personal FTP space and simply give the URL. If you don't have XP you may need Winzip or Winrar to extract the files.

It is amazing to me how accurately this pack of lies has described events so accurately in the over 70 year span after which it was written. It does have a section on the monetary system.

I also have the Rosenthal document, that I am sure is all lies too, but everything the guy said seems to be true. Who has even heard of the Rosenthal document ?

I think, possibly tonight, I will setup a directory in my personal FTP for these things. I think it would make it a heck of a lot easier to get.

The liars say these are lies, what does that tell you ?

T

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 5:16:41 PM   
subfever


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Status: offline 		http://www.monetary.org/

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 5:37:16 PM   
Marc2b


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quote:

I feel a post from Real One coming on.




Thanks for the laugh!

I'm not laughing at you RealOne I'm... no... that's not true... I am laughing at you, but don't take it personal, I don't mean nothing by it.

I'd love to get into this topic but I'm outta CM until after Easter.  I wish everyone - including you RealOne - a happy Easter.

< Message edited by Marc2b -- 4/5/2007 5:40:28 PM >

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 6:23:25 PM   
UtopianRanger


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quote:


I'd love to get into this topic but I'm outta CM until after Easter.  I wish everyone - including you RealOne - a happy Easter.


Damn brother......

I'm on dial-up and can't watch the video.... I was hoping you could stick around and explain our monetary system to a poe ole' country boy from rural Oregon.



- R


< Message edited by UtopianRanger -- 4/5/2007 6:25:38 PM >

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 6:48:50 PM   
Real0ne


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Status: offline 		The current Fed Chairman, Ben Bernanke, has openly boasted that the Federal Reserve caused the Great Depression. The preceding Fed Chairman Alan Greenspan agreed, and wrote that the Fed should be destroyed. This estimate by Kotlikoff, posted by the St. Louis Fed on its website, says that the off-budget obligations of the US have created a $65.9 trillion “fiscal gap.”
http://www.strike-the-root.com/62/walker/walker1.html

THE MONEY MAFIA
By Jon Christian Ryter June 7, 2006 NewsWithViews.com America's wealthiest financial families earned the name "the Money Mafia" as they muscled the governors and legislators of the 48 continuous States to ratify the 16th and 17th Amendments between 1909 and the election of Thomas Woodrow Wilson in 1912. Those in the State legislatures who were exposed to the financial giants at the pinnacle of power not only in the United States, but in the emerging New World Order, were shocked to learn that there were men so powerful that presidents and prime ministers trembled when they called.
http://www.newswithviews.com/Ryter/jon138.htm



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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 6:57:50 PM   
Real0ne


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quote:

ORIGINAL: Marc2b

quote:

I feel a post from Real One coming on.




Thanks for the laugh!

I'm not laughing at you RealOne I'm... no... that's not true... I am laughing at you, but don't take it personal, I don't mean nothing by it.

I'd love to get into this topic but I'm outta CM until after Easter.  I wish everyone - including you RealOne - a happy Easter.


Your insight on the subject will be missed.  really....  :)


_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 10:10:58 PM   
subfever


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Status: offline 		Monetary reform is the critical missing element needed to move humanity back from the brink of nuclear disaster, away from a future dominated by fraud and warfare, toward a world of justice and beauty.

The power to create money is an awesome power – at times stronger than the Executive, Legislative or Judicial powers combined. It’s like having a “magic checkbook,” where checks can’t bounce. When controlled privately it can be used to gain riches, but more importantly it determines the direction of our society by deciding where the money goes – what gets funded and what does not. Will it be used to build and repair vital infrastructure such as Levees to protect major cities? Or will it go into warfare or real estate loans, creating asset price inflation - the real estate bubble.

Thus the money issuing power should never be alienated from democratically elected government and placed ambiguously into private hands as it is in America in the Federal Reserve System today.

Indeed most people would be surprised to learn that the bulk of our money supply is not created by our government, but by private banks when they make loans. Through the Feds fractional reserve process the system creates purchasing media when banks make loans into checking accounts. So most of our money is issued as interest-bearing debt.

We are borrowing this money system from private banks when instead we should own the system, not rent it. Our government has the sovereign power to issue money (Art.1, Sect.8) and spend it into circulation to promote the general welfare through the creation and repair of infrastructure, including human infrastructure - health and education - rather than misusing the money system for speculation as banking has historically done. Our lawmakers must now reclaim that power!

Money has value because of skilled people and resources and infrastructure, working together in a supportive social and legal framework. Money is the indispensable lubricant that lets them “run.” It is not tangible wealth in itself, but a power to obtain wealth. Money is an abstract social power based in law and whatever government accepts in payment of taxes will be money. Money’s value is not created by the private corporations that now control it.

Unhappily, mankind’s experience with private money creation has undeniably been a long history of fraud, mismanagement and even villainy. Banking abuses are pervasive and self-evident. Major companies focus on misusing the money system instead of production. For example, in June 2005, Citibank and Merrill Lynch paid over $1.2 Billion to Enron pensioners to settle fraud charges.

Private money creation through fractional reserve banking fosters an unprecedented concentration of wealth which destroys the democratic process and ultimately promotes imperialism. Less than 1% of the population claims ownership of almost 50% of the wealth, but vital infrastructure is ignored.

The American Society of Civil Engineers gives a "D" grade to our infrastructure and estimates that $1.6 trillion is needed to bring it to acceptable levels. This fact alone shows the world’s dominant money system to be a major failure crying for reform.

Infrastructure repair would provide quality employment throughout the nation. There is a pretense that government must either borrow or tax to get the money for such projects. But it is a well enough known, that the government can directly create the money needed and spend it into circulation for such projects, without inflationary results.

Monetary reform is achieved in 3 parts which must be enacted together for it to work. Any one or any two of them alone won’t do it, but could actually further harm the monetary situation:

First, incorporate the Federal Reserve System into the U.S. Treasury where all new money is created by government as money, not interest-bearing debt, and spent into circulation to promote the general welfare; monitored to be neither inflationary nor deflationary.

Second, halt the banks privilege to create money by ending the fractional reserve system in a gentle and elegant way. All the past monetized private credit is converted into U.S. government money. Banks then act as intermediaries accepting savings deposits and loaning them out to borrowers; what people think they do now.

Third, spend new money into circulation on infrastructure, including education and healthcare needed for a growing society, starting with the $1.6 trillion that the American Society of Civil Engineers estimate is needed for infrastructure repair; creating good jobs across our nation, re-invigorating local economies and re-funding government at all levels.

The false specter of inflation is usually raised against such suggestions that our government fulfill its responsibility to furnish the nation’s money supply. But that is a knee jerk reaction... the result of decades, even centuries of propaganda against government. When one actually examines the monetary record, it becomes clear that government has a superior record issuing and controlling money than the private issuers have. Inflation is avoided because real material wealth has been created in the process.


quote:

ORIGINAL: subfever

http://www.monetary.org/



I was pressed for time when I first posted. Hope this helps.

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 10:50:31 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Nice.

But all this assumes that our "leaders" care about us. Anybody with an ounce of sense would reestablish gold and real money, even at a level which would disappoint alot of us.

The thing that people must realize is that everyone, save the very few, from the president on down, are emenies to our country. Traitors.

At least Wilson apologized, FDR did not.

Any system like this (this is beyond current theory, controversial and unproven as of yet) will either fall, or this national debt will become an obscure figure which is totally meaningless. This problem with the current system is whether it is able to shrug off it's inherent faults or not. If it can, it can prosper ad infinitum, if not it falls.

Now if we were a unified world, and all these credits, debits, checks and balances worked right, ther would not be a problem. But the whole system has been engineered by a bunch of con men, who seemingly need to have all the money in the world, literally. Even a systen this corrupt cannot stand their abuse however, and I am sure it will fall.

I will mention this briefly, as it may apply for someone. Before the real invasion of Iraq Saddam was making noises about converting to the Euro. Then they find billions in US currency in Iraqi banks. Real cash !

Yes he was a threat, a threat to the economy. He was going to convert, then flood the market with dollars. I would've done exactly that if I were he. Do you blame him ?

Nuff said for now.

T

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RE: Ever Been Curious About Our Monetary System? - 4/5/2007 11:33:20 PM   
UtopianRanger


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quote:

The power to create money is an awesome power – at times stronger than the Executive, Legislative or Judicial powers combined.


Heh.... Let me qualify this quote with a quote from a Rothchild family member who own most of the Central Banks in Europe:

"Give me control of a nation's monetary system and I care not who makes it's laws."

- Mayer Amschel Bauer Rothschild




 - R


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-General George S. Patton


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RE: Ever Been Curious About Our Monetary System? - 4/6/2007 12:47:27 AM   
seeksfemslave


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quote:

RealOne
The current Fed Chairman, Ben Bernanke, has openly boasted that the Federal Reserve caused the Great Depression. The preceding Fed Chairman Alan Greenspan agreed,

I bet they actually said that the Federal Reserve policies at the time made things worse,. NO ?

The token we call money is indispensible to  enable a modern complex economy to run. What might help I think is that variable interest rate loans should be made illegal and governments should return to the policy of forcing banks to maintain certain reserve ratios thus reducing their ability to create consumer debt.
The reserve must be deposited with the Central Bank at nominal interest.

Dont think the banks would like that tho' .

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RE: Ever Been Curious About Our Monetary System? - 4/6/2007 3:59:06 AM   
SusanofO


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Status: offline 		Wow, subfever, what an incredibly knowledeable post! I learned so much reading it. Thanks for that.

- Susan

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RE: Ever Been Curious About Our Monetary System? - 4/6/2007 8:37:41 AM   
ferryman777


Posts: 198
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Status: offline 		This is all incredible. Wonderfully informative post.

My comment is rather simplistic; this government is not the slightest bit interested in building any so called 'infrastruture'. It's, (the powers that are' those few people in power) only interests is the accumulations of personal wealth, the people, the citizenary be damned. Not a one, cares about any infrastucture, the environment, global warming, health nor education, the dumber you are, the better, know only enough to be a functional enitity, that is all; health, is not a concern, providing services, lower cost meds, & care; the more sick you are, the better, your useable life as a functionary agent, they have detrimined, is only X years, after that....die; what wealth/assets you managed to acquire, simply is despearsed thoughout the system; in a desparate last gasp to survive. Food you feed your children is engineered for profit only, causing the health problems they will have to deal with later on. Viable nutritional food products are an annoyance. And all the votes in the universe is useless against those who never intend and will NOT give up their power over life and death to anyone; least of all to a peasant citizenary. The systems are controlled and manipulated to reduce, and nullify any challenge to the throne.

A war is being waged against the people, attack on each and every front, simultaneously, economics, health, spritual, our belief systems, (uselessly argue of a God existence); the mind and very soul is under constant attack, freedoms once attained are erased, control and constant policing are the accepted norm.

Truly, under the 'Borg'....resistence is futile.

Money, in no matter what form, translates to power; the more you have, the more power you have; that simple. The details, and minute nuances matter little, if at all. Where the 'Gold' is, who maintains the horde of gold; The arguements, of what should be, and should not; what is or not, who it is that dictates the usage, creation of money......is mute; who cares, when the 1% own, and control the lives and existence of the rest of humankind. No one, anywhere, is outside their power, not even the natives in the Amazon.

It is difficult to accept the fact, the mass of people are a herd; livestock to be used by the 1% to perpetuate the ambitions of that 1% ruling class. We are programed to believe we, as individuals matter; taught since the cradle; when in reality; none of us matter at all. Our votes do not matter... we have been shown in the past few years...your vote does not matter, you do not matter.

All this banter, arguements, are so much wind blowing, the verbalizations of futile frustrations of inequality; the last gasp attempt at believing you are real, not just fodder livestock, the proverbial, cash cow.

I leave you with this thought.
It is the wize puppet master who gives his subjects the illusions of free will.

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RE: Ever Been Curious About Our Monetary System? - 4/6/2007 9:34:33 PM   
Termyn8or


Posts: 18681
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Status: offline 		I don't think simplistic is quite the correct adjective.

FM, valid points, but I must point out a afew things.

They control many of the governments of the world. Strange and dangerous absences exist on the list. The ignior the fact and push ever forward unless and until they have to pay the price themselves.

the nise thing about this whole situation is that it will right itself. In a fictioanal book I read that as the the government itself becomes more corrupt, so do the people that work there. They will be more willing to be bought. They are bvought anyway in their office, but this would be a backdoor deal, and will happen more and more.

It doesn't matter how much high tech the government has to quell our desires with once the people who work for them are no longer loyal to them.

And I postulate that it will become so hard to make any money in time, that people will resort to bartering. When that happens, perhaps governmenet workers will be the only ones with money, but will want things. That is where our advantage emerges.

When the time comes for the "guard" to be bought, it probably won't be money that buys them. It might be drugs, it might be sex, it might be rock-n-roll, hell it might even be friendship. If these "guards", the police, soldiers, everybody who looks out for their money is crooked in their eyes, that is the time.

We need time and operatives. That is the only way. We can't fight them from the outside, it has to be done from the inside. They will collapse of course, but if people of real value refuse to help them, we can win.

And that is the most importrant point, how many of us are going to sell out ?

When the shit really hits the fan folks, it is not going to be fun. We are going to have to struggle to survive, and at the same time protect ourselves and our families if any. Your neighbors will no longer annoy you with their loud music, they will come with anything and everything they have to take your food. Some kill over tennis shoes, what do you think they'll do for their own survival ?

I would be very interesting to live another 50 years, but then I would be 96. If I could keep my health it would be nice. But being alive and infirm in 2057 is not an option, believe me. No way.

I'll be baack.

T

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RE: Ever Been Curious About Our Monetary System? - 4/6/2007 9:36:52 PM   
Termyn8or


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Status: offline 		Wow, those typos.

T

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RE: Ever Been Curious About Our Monetary System? - 4/6/2007 10:12:00 PM   
MrRodgers


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Status: offline 		John Adams wrote around 1820 to a friend "You know my feelings against turning paper into money and creating a Federal banking system." "For if we do that...we will forever be slave to the speculators." Adams was exactly right.

If we read history objectively then the Fed was to give us a regulated money supply and use that power (the blunt intrument of short-term interest rates) to eliminate or regulate inflation. A further reading of two centuries of history informs us that the FED has failed and miserably so. The Fed is actually as it turns out, in the business of inflation most of which is through the other paper traders in commodities...that we all use.

FACTOID: between 1791 (Ratification by enough states of our Cosnt.) and 1913...the formation of the Fed....we had by most estimates and a very complete research of the same items we use today...about 17% inflation over those 122 years.

In the ensuing 94 years by the measurments we have kept...we have 'enjoyed' 1000%  inflation (mostly through speculation in futures of commodities and currencies called forex arbritage).  We need to dissolve the Fed. and 'devolve' banking back to the states. 'Banking' could be important...but not banks. Problem is...it is much tougher to bribe 50 banking regulators than to bribe one...the Fed.

The corruption is obvious as what else gets to enjoy a single-payer health insurance program ? What a deal hey...capitalism for bankers can't work without a little dose of socialism...go figure. I have an idea...let's create a FPIC...a Federal Profit Insurance Corp...now that would be nirvana...hey ? Make sure everyone has their profit.

BTW the Chinese have been brilliant capitalist. In addition to keeping about a Billion virtual slaves available for work (enough for probably the next 100 years) and getting much of Corporate America to help in that...they have pegged the yuan to the dollar...REMOVING ALL speculation in its currency.

< Message edited by MrRodgers -- 4/6/2007 10:17:08 PM >

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