28 New America..

[TDO]

I saw a commercial on tv stating how f'd we are and gave a web address to watch a video clip. It's about 20-30 mins long but it is shocking.
I hope this guy is dead wrong...
http://www.stansberryresearch.com/pro/1103PSIEOA49/6PSIM633/PR

[Elhuero]

I'll wait for the cliffsnotes.

[El Caballo Loco]

I was just looking for the video on that page and couldn't find it. Do you have to pay for it or is the video somewhere else beyond my google-fu?

[enthusiast]

Is this the video? I can get it take a little time to get all of the pieces.

Stansberry Survive and Prosper in USD Collapse

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[jscwerve]

You see, the U.S. government has one very important weapon to use in this crisis: It is the only debtor in the world who can legally print U.S. dollars. And the U.S. dollar is what's known as "the world's reserve currency."

Well, not exactly true. The US government does not print or create ANY of the money. It is all printed by the Federal Reserve (A privately owned bank if you didn't know).

Here is a simple vid of how the fed works and how it controls the money supply. It gets real Tin foil hat stuff in there too, but an interesting vid none the less.

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One of the main reasons there was an american revolution was our founding fathers opposing the central bank of england.

Quote from Thomas Jefferson:

If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."


Herbert Hoover said later in his life that one of the worst things that could have ever happened to this country was for him to have signed the Fed into law in 1913.

I have been reading up on things like this lately. Mainly because I want to educate myself, and I really didn't know much at all about how the money system in our country works. Once I learned a bit it just makes you want to puke.

Here is a conundrum for you. So, the Fed controls the supply of money. So, to make it simple, there is only $100 in existance right now. I (the fed) loan that $100 to you (the USA) at interest. So now you have in your possesion the entire $100. Well, fast foreward one year, now it's time for me (fed) to collect on my loan, so I'll go ahead and take that $110 you owe me. Since there is only $100 in existance, you can't pay. It's ok, I don't mind. Here, I'll create another $100 and loan it to you (at interest of course. So, now there is $200 in existance (backed only by the promise to pay, by you) and next year you just go ahead and pay me the $220 you owe me (remember, only $200 in existance). Funny how that works huh? See how a private bank running the money system and not the treasury really isn't a good thing? There isn't enough money in existance to pay back all of the debt that exists. This isn't jsut for the US, this is worldwide (except for the 5 or so countries that do not have a central bank).

Lots of conspiracy and cloak and dagger stuff surround the centeral banks, and who knows if any of it is true (I'm not siding with the conspiracy theorists, but it is good reading). I find it interesting an appalling at the same time as I learn more about money.


Now, I may be WAYY off base here. I know very little of economics, and if I am wrong, I would appreciate some sources of things to read that would point me in the correct direction.

[jonnyd49]

Quote from Thomas Jefferson:






Good ole T.J. really didn't say that. Don't believe everything you read in an email forward.

http://www.monticello.org/site/jefferson/private-banks-quotation