youtube.com — If the three and a half hour documentary on fractional reserve banking left you overwhelmed, this series of animations explaining how our debt based money system works should clarify the confusing aspects—and leave you indignant at a system that lets banks make money out of nothing to loan you at interest or foreclose on your property.
Dec 5, 2007 View in Crawl 4
synarchyDec 11, 2007
"For example, he implies that the founding fathers wanted our government to coin gold-based currency. Actually, this is what they set forth in the Constitution.Article I, Section 8 “The Congress shall have Power … To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;”KEEP READING...Article 1. Section 10.No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.
synarchyDec 11, 2007
There are links all up and down this thread. Why don't you take responsibility for yourself and go LOOK!
rossdupreyDec 13, 2007
What was being said was that all their money went into paying off the debt so what was left every month only bought cat food for them to eat instead of white albacore tuna. Since they were done paying off the debt, that money could then be spent on tuna instead of cat food.
brownrabbitDec 19, 2007
Exactly. Future 'Goods and Services' are not unlimited. Welcome to Earth, a closed system of resources. Let's figure out how to move beyond linear extraction ans then we can talk about the ideal of a future in which goods and services never cease to exist. Maybe I am making this too simplistic and I also feel this to be true.
Closed AccountDec 20, 2007
So you're saying that once Israel was established wars stopped? Ummmm. Think again.If anything the reverse is true. I respect the right of Israelites to have a homeland, I just wonder why they had to pick a spot in the middle of an area that hates their guts. I'm thinking someplace in New York would work better. Hey, hear me out it's not like I'm advocating anything permanent, I'm just throwing some ideas around. Suppose Islam decided that Ground Central in New York was the ideal spot to establish a community. A lot of Muslims died there so it's a special place for them, obviously. Nobody is questioning their right to grieve and it's a place of mourning. So far so good. I'm not speculating that in 20 years time a lot of fake Muslims are going to turn up and turn the place into a joke. I'm just saying it could happen. So you've got that Ground Zero community coming on terrific but now some wiseass is claiming you're not a real New Yorker. Well, you know the score by now, this is normal so you answer these ludicrous threats by turning Ground Zero into a police state and turning your children into soldiers. THIS is going to work great. You have to question the humanity of the worthless f**ks that killed your kids that were acting like soldiers. It's like those animals didn't realize this was all supposed to be a joke with us winning.We'll have the last laugh. No matter how much we have to turn Ground Zero into a police state, no matter how many freedoms we have to sacrifice and no matter how many innocent people have to die, we will do as we please.
canudi9itJan 14, 2008
The current monetary system was designed to collapse from the beginning. It was also designed to concentrate and transfer wealth into a few private hands. Yes, that means a conspiracy or cabal was involved. It's an historical fact. Read "The Creature From Jekyll Island" for a good factual history of banking and the Federal Reserve.The current system is unsustainable, because only the principle is created with each loan, not the interest. So the interest must be paid for with more debt and so on. It's a ponzi scheme of debt that can never be paid back without going further into debt, until the whole thing finally collapses. When that happens, they won't blame the banking system or the bankers. They'll blame the politicians and the people.
warlokaz2004Jan 22, 2008
we can't return to a Gold Standard. Not overnight. Probably not in 20 years. to do so would result in a simultanious hyperinflation AND Depression. So on that Ron Paul is wrong. As for our declining Dollar...we need to get away from Floating currency and back to fixed rates of exchange. We might as well since China insista on 'under' valuing its Yuan (tho with the Declining Dollar that might soon no longer be a problem.)
berkanaJan 26, 2008Submitter
not only that, they completely ignore the history behind the date of Christmas. It was not dated to coincide with the Roman sun god's feast day until the fourth century. Prior to that, there was no official celebration for Christmas.
Closed AccountSep 20, 2008
This is worth watching, even with a grain of salt.
bucketsloggSep 21, 2008
Sounds to me like you are absolving the banks of their CRIMINAL ACTIVITY of abusing the people's trust and cavalierly GAMBLING away the funds. Is it your opinion, then, that we the people should never try, even if it puts us out on a limb for a bit, to get ahead in this system that is ever stacked against us? You sound like a Bush apologist.
greevarNov 21, 2008
@SpeedI believe that was what the OP was implying.
jericho4119Jan 7, 2009
Makes me want to be a banker.
kirbymeisterJan 27, 2009
Oh yes, Liberty Dollars... The moment people started actually using it like money, the fed outlawed it. Oh sure you can print your own gold certs, but if you actually trade them, they're suddently counterfeit currency. The government only recognizes the right of other governments' cabalistic central banks to print money, since all the central banks have secret meetings to coordinate policy.
kirbymeisterJan 27, 2009
You mint gold coins, and print gold certs. People like them and start trading them, and suddently you have the FBI trying to shut you down and jail you.