The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - Printable Version
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The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - Chronic - 03-03-2012 06:40 AM
This is a very important video i'm sure most of you have seen. Those that have not should.
This version finally cuts several bogus quotes which have festered in the monetary reform literature for decades.
The world economy is doomed to spiral downwards until we do 2 things: outlaw government borrowing; 2. outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt". Remember: It's not what backs the money, it's who controls its quantity.
RE: The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - John Winger - 03-03-2012 06:10 PM
Very important vid to watch for those that hold this idea that a gold standard is "good idea" or even necessary.
Common' kids, jump on board with Bill Still the fiat shill and Martin Armstrong, among notables who've studied the real history of gold as money and it's political implications. It's better over on this side.
RE: The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - Chronic - 03-04-2012 08:09 AM
(03-03-2012 06:10 PM)John Winger Wrote: Very important vid to watch for those that hold this idea that a gold standard is "good idea" or even necessary.
Please see the video "A Gold Backed World is a Terrible Mistake - Bill Still " just posted which clarifies his stance on Fiat, Gold, and Silver.
RE: The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - MARS - 03-04-2012 06:46 PM
Interesting video. What I don't understand is if the money wasn't backed by an asset (gold/silver) What would stop the government form printing more money just like the "Fed" is doing now? I will watch the other video's to see if there is an answer there...
RE: The Secret of Oz - Winner, Best Docu of 2010 v.1.09.11 - Chronic - 03-05-2012 04:19 PM
(03-04-2012 06:46 PM)MARS Wrote: Interesting video. What I don't understand is if the money wasn't backed by an asset (gold/silver) What would stop the government form printing more money just like the "Fed" is doing now? I will watch the other video's to see if there is an answer there...
Congress... Congress could put a stop to it but they wont. Cause they are bought and paid for by the big banks and corporations. oh and we pay them big time for this. Instead Congress will just kick-the-can down the road to the next congress because they dont want to lose out on a good thing -for them of course.
Seems this would be a two part question and i will try to answer it even tho i'm not the expert. It is said that money should not be backed by just gold (and silver) because the Big banks would gobble up all the gold and then we would be in worse shape. This would cause the price of gold to go though the roof or to below the floorboards via manipulation and many would end up getting screwed because of this. Thats why fiat needs to stay valueless.
The government really only does one thing. They separate you from your money. Thats it, thats all they do. They take from peter to pay paul. or in our case they take from the tax payer and give it out to others through many many different programs, all the while padding their own pockets. As for printing money it is not the government that is printing the money, it is that the government is borrowing the money, at interest. And to make matters worse they are borrowing the money and turning around and giving it away through many different programs, lavish pay and benefits, banks, car company's, solar company's, imf, etc and it goes on and on.... The Private banking institution (the federal reserve) is printing the money and it is not that it is against the constitution, but that Congress are the ones dropping the ball here. They are the ones who authorize printing and budgets an such. They are the ones that haven't come up with a budget for over 12 years and if they ever did, - doing it honestly (which they cant), well if the did they would be filing for bankruptcy within hours.. I'll go on - the Government that is borrowing (at interest) the money is then selling bonds with interest and now buying them back with more borrowed money and around and around we go. all this just to prop up the markets and their precious dollar. Its like giving yourself an IOU and then borrowing more money (at interest) from yourself to pay back yourself, again and again with the interest. And who makes money from the interest? The federal reserve, a for private profit company..... And from who pays this? We all do as tax payers through taxes and higher and higher fees, they would commonly be called the "suckers"!
So to sum it up it would be better if the government was printing the money as long as they (congress) would act responsibly and issue Debt free notes and not the fractional reserve banking system that is screwing us now through interest and their big giveaway programs. If we could amend the constitution we should do one thing, take away the governments right to borrow.
So as for Gold and Silver it might be better not to have them backed on the dollar but rather have them included as a form of money. This would offer liquidity to the market. Gold and Silver should keep up with inflation in an un-manipulated market place.. Which by all rights they (Gold & Silver) are a separate money system it is just that the government doesn't want you to believe this because it would hurt their dollars value (as if it had value). So if the dollar had value it would be backed by gold and silver. Instead the dollar is a debt note, a promissory note, a promise to pay debt built on FRB which is a horrible system in itself. that is the lost value.. Now here is the kicker, if the dollar had value backed by gold and silver your gold and silver might possibly become worth-less, or better yet the dollar would buy you .50 cent dozen eggs, $5.00 to fill your tank again an so on.
I know the whole thing is confusing and it is, by design.
Sorry if i missed some points here and there but again, i'm not the expert but this is mostly how i see it.
I may sound bearish in metals to some of you but believe me i am not, far from it. I have plenty of physical. And if it ever becomes valueless i'll put it on a pallet and push it out by the side of the barn along with the broken down tractor, 88 olds, huge trash pile, and the rest of the junk.
I'm just one of those useless taxpayers getting soaked by our government!