Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
Alan Greenspan is not, we’re told, happy about this 42-minute blockbuster. Watch it, and you’ll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.
A video about how to shut down the criminal banking enterprises as clear as this one is needed, with a system that allows growth, with all who contibute being benefited in a equitable manner. I am sure it can be done by cutting out the greedy advantages given to the few. A profit ceiling, and earning ceiling and total wealth ceiling enacted into law, would stop the greedy in their tracks.
BANKS ARE THE REAL THIEVES
Inflation is too much money chasing too few goods and benefits banking institutions and investment houses .The consumers ( evryone ) lose out because their spending power is reduced and they have to borrow money or get pay rises to maintain their living standards.With ALL costs rising producers do everything they can to keep wages and salaries down. So high inflation bad for the many and good for the few , no inflation no growth.
soemthing like that…..lol…
Another biased ‘documentary’….tainted by interest.
D’awww. Poor you.
This vid was very informative, yet I still do not understand the purpose of inflation. It is depicted as an evil, hidden tax. But if that’s true, why is it accepted? Isn’t a certain percentage of inflation necessary to balance out economic growth? As I understand it, lowering the expected inflation stimulates the economy and increasing it slows it down.
Linking to the gold standard would remove the FED’s ability to print money at will, but it’s open market committee can still buy and sell government securities, can’t it?
Besides that, it still has the discount rate and the reserve requirement to influence the intrest rates.
It seems to me that some transparency concerning it’s investing policies might be welcome, but the money printing power should be kept far away from the government.
Anyone care to correct and enlighten me?
Good film!
Best I’ve seen, as it is very clear as to how this whole banking system works……And how came to be, whats its impact is, its flaws, and where its headed if nothing changes.
It also puts forward a view on how to change it that seems possible, but at the same time very far off.
That’s an interesting statement Rhodes… the lack of any backing standard certainly matters, and it is now more obvious than ever. No, it doesn’t have to be gold, but it should be tangible. An IOU is only worth the trust in the entity that gives it to you –
That’s an interesting statement Rhodes… the lack of any backing standard certainly matters, and it is now more obvious than ever. No, it doesn’t have to be gold, but it should be tangible. An IOU is only worth the trust in the entity that gives it to you –
That’s an interesting statement Rhodes… the lack of any backing standard certainly matters, and it is now more obvious than ever. No, it doesn’t have to be gold, but it should be tangible. An IOU is only worth the trust in the entity that gives it to you –
golds backing has nothing to do with solving the problem