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The Lunacy of Government
Posted by admin on August 31st, 2010
Posted in Depression Videos 
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This is why Dick Nixon took us off the gold standard back in August of '71 (I'd graduated college that June)..the French had amassed tons of dollars and were attacking our gold supply.."Screw the French, Besides I need more dollars for the Viet Nam war anyway" said Dick...
@seraphimWILLunite Well okay sera let's push the 'Magic Button' and return to the Gold Standard...at a $1000 a troy ounce Fort Knox has $300 billion worth of gold...unfortunatly on any given day the US money supply is at $5 trillion dollars so you've vaporized 85% of your money supply...that'd be a big hit with everyone but ah wait, it gets better...the Chinese hold $3.2 trillion in our debt which they can now convert to gold...Pssst, our gold's gone, we're bankrupt sill owe China $3 trillion
@ser Free Market is a myth, the dominant section of the Capitalist class have always used State as an instrument of Power to further their monetary interest, Your comprehension of Capitalist socio-economic reality is partial,subjective and can only add to confusions about the real Contradictions of Capitalism and the necessary solution to a Market System of artificial scarcity that perpetuates the wage slavery of immense humanity.
@bellcord What is needed is not more regulation. IT'S HONEST MONEY. This central banking fiat money nonsense is the culprit. It results in 90% of the worlds problems. It funds war. It drives your taxes up. For fuck sake, does it make sense to you that our nations currencies are LENT to us as PRINCIPAL PLUS INTEREST. We can't pay it all back for that reason and it creates preferencial lending to firms like Goldman Sachs, Lehman Bros. etc..Why not start looking at the basis of our money!?
@arzoyan We do not live in free market capitalism- thus blaming capitalism for the problems is irrelevant. Free market capitalism cannot exist when Govt/Central banks issue FIAT currencies and through law (Legal tender laws) make it the only form of currency (by force-that is what a law is). Free market capitalism MUST have competing currencies with GOVT issuing ONLY gold and silver currency. No currency competion= no capitalism. Capitalism is NOT in practice ANYWHER IN TEH WORLD- US included.
Here's what this shitbird isn't telling you: Wall Sreet was leveraged at 40 to 1 before the meltdown...in other words for every buck Lehman Brothers was putting up it had borrowed $40 to make it's investment bet...when it lost the bet they owed $40 they didn't have...except it wasn't $40 , it was $40 billion ...when they're that big they take the system down with them...Congress is searching for a way to prevent it from happening again..
Its not idiocy, its protecting the elite ruling/owning interest . Capitalism is the imposition of minority interest over the immense majority and governments everywhere are just pimps of the ruling class interest. Mr.Schiff your reports create more illusions
you got my vote!
the "in-between" times you are talking about were all mired in wars, the banksters were happily and busily extracting profits from the death of millions, then they allow society to build itself up again, then apply new wars and other pressures to loot the people yet again. It is piracy, plain and simple. What is really sick is that people vote for these pirates.
@brothermikefan - all part of the plan. The problem with most people is they are indcotrinated to scoff and dispel the truth as a "conspiracy theory", All of these small minds cannot plan beyond tommorow and so they discard the possibility that we are seeing a plan unfold that is centuries old, maybe even millenia, carried over by generations on end. Ignorance is bliss maybe, but having your head in the sand does not mean a predator cannot see you.
This must be brain TV, because mine is very happy after listening to this...
But there were. There were recessions throught that time period. Just google "recessions in america" or something to that effect.
Things are worse now more than ever because every time there's a recession, the government and Federal Reserve deals with it by printing and borrowing more money. Today, the numbers are just so much bigger than before.
The problem has always been too much regulation. The Great Depression was "Great" because of government spending and control.
lol Schiff and his intense stare
I don't know why I threw Japan in there but you get the point.
As Paul Krugman said, we fogot to remember what our grandparents learned. Banks are nice things to have around but they can be dangerous.
Oh, and Black Monday too.
Why is it that from the end of the Depression until the era of Reagan's deregulation there were no financial meltowns whatsoever and then came the savings and loan crisis, Japan's lost decade, both Bush recessions, and now this?
I think just the fact that we have discussed such nonsense on YouTube and you seem so set on convincing me of something you have failed to communicate to me tells me its time for us to see our psychiatrists....
contradictory*
ads -
"I don't claim to be an intellectual or a philosopher"
"I lean toward the Transcendentalists that finding good in oneself is an anti-intellectual process"
I was going to say that this makes you contradictionary, by first saying you're not philosophical, and then saying you lean toward Transcendentalism, but since you're right about Transcendentalism being anti-intellectual garbage, I wont.
Btw I was NOT saying that morality is Subjective.
Now we have gotten to a point on which we both agree...the standard of "good" lies within each individual to decide...I lean toward the Transcendentalists that finding good in oneself is an anti-intellectual process...
You're taking my use of the word "Force" out of context. That is intellectually dishonest on your part.
The point was not to "Win" as you're trying to use it. I was simly trying to get you to look at the fundamental necessities when coming to a conclusion on what is "The Good"
the question i've been repeating to you and other people of what is the "Standard of Value" when judging what the "Good" is, is a simple question to answer. The answer is yourself. Your life is the standard of value
"My questions we're constructed in a way to force"...so forcing someone is good? Have I forced anything on you...I don't claim to know anything so you win...but I still say even little kids know right from wrong better than even adults...
The bible commands no more authority to me than scribblings in a crazed man's journal.
Usury is still not wrong, fiat currencies are wrong, but usury isn't.
I am not wrong in thinking of my money as my property, I earned it, it is mine, no matter what the corrupt government claims. The fact that it has no lasting value simply reminds me to employ it to good use quickly.
By the way, wrong and evil are synonyms in the context that I used them.
I never said evil, you did. Usury on currency is wrong because FIAT currency has fictional worth. The unconstitutional FED creates their loans from thin air since FIAT is backed by faith alone. Also you are WRONG in thinking of "your" money as "your" property.....you had better look again, it's only paper.
The bible denounces usury....and once upon a time christians had to go to Jews to borrow money...Hmmm believe it or not.