Crash Course: Chapter 9 – A Brief History of US Money by Chris Martenson
Chapter 9 (A Brief History of US Money): Beginning with the panic of 1913, this chapter touches on important events in the history of US money, such as the creation of the Federal reserve, FDRs confiscation of private gold, the Bretton Woods agreement, and Nixons slamming of the gold window. We learn that the current international monetary system of unbacked currencies is only 37 years old, and is operating outside of the standards established by the Bretton Woods agreement. The system were operating within has not been planned or designed: it emerged out of a crisis. Dr. Martenson also provides graphs of total US Federal Debt, and Total US money stock, both of which are growing with no end in sight. www.chrismartenson.com
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Fuck yeah i live in singapore and our 10 dollars is ur 7 dollars haha noob our money is bigger then urs suck my dick
As long as the average voter has no clue whatsoever as to how this system works, we are screwed! Nixon did what “he had to” Bush did what Republicans have figured out, cut taxes and spend money and let someone else worry about what’s going to happen! In defense of the Repugs, they tried for years to push a balanced budget and learned a painful lesson, it’s not in the fore of the average voter’s mind. We live for today, screw tomorrow!
its a banana republic now lol print more money until you run out of paper hahaha
What you miss is that any profit the FED makes is returned back to the government of the USA.
“Printing money to reduce unemployment, on the other hand, is like trying to kill a mosquito with a sledgehammer: the certain damage is likely to be much greater than the uncertain benefit. The Fed can act, while the president and Congress are paralyzed, but that is no reason for the Fed to do something so risky.”
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Non Compliance, Non Cooporation….works.
Fuck the rules. Fuck playing the game the banksta scum want you to play. Fuck the government. Fuck the banks who own them. Fuck being a stooge. Fuck being the docile consumer. Fuck paying every fee and tax. Fuck paper (money) load up on physical silver and Starve The Beast. Fuck it.
The chinese are already devaluing their currency to maintain competitiveness, congrees responds by imposing tariffs on chinese imports. The chinese hold enormous amounts of us debt, the only thing keeping the system alive now is the fact that the arabs and chinese depend on us to buy their exports as much as we depend on them to finance it, a bit like a shop offering buy now pay later… they will only stop when it becomes clear we have no intention of paying later
Why did we allow our house servants(government)shift ANYTHING? That’s totally absurd. The problem is OUR perception of our government as our masters. That’s inside-out. We don’t have to be AGAINST anything. We just need to inform our government that American money will be minted from gold and silver, according to our national law.
@lightningjohnny77 : When I say lock and load, I’m referring to attitude. Probably not the best phrase to use in this atmosphere of tension, but then, it might be perfect.
@lightningjohnny77 : Our government has BEEN bankrupt since 1933, in the form of Public Law 89-719. They declared bankruptcy to foreign interests; they need to leave.
@buzzclick500 Lock and load may sound good, but our machinery of commerce will devolve back to barter. Our trillions of imaginary money will evaporate, our foreign wealth will be seized by hungry creditors while the federal government will be bankrupt with no prospect of attaining credit, nor even supporting itself with it’s imaginary money. It really is a doomsday scenario.
@sciencemile there were gold minted roman coins used for internal government use
@enemdy : He who has the gold, makes the rules. How he came into POSSESSION of that gold is a matter for close and focused inspection and examination. ;]
@inkey2 : Fort Knox has been empty for years. That’s why it isn’t audited–there’s nothing there to audit.
@deathjester145 : Your comment has a lot of merit. Our Constitution(national law)specifies that American money WILL be minted from gold and silver. We’re ALLOWING our government to break American national law. Our government declared bankruptcy to foreign interests in 1933(Public Law 89-719). We(the American PEOPLE)are actually fine; we just need a new government. Not difficult at all.
@lightningjohnny77 : International law can go suck a corn cob. Trying to be nice and respect those laws is what got us into this tar pit. It’s time Americans grabbed ourselves and locked and loaded.
@buzzclick500 Doesn’t work that way under international law. The bankers have made sure there is continuation of debt, regardless of regime. The US may be big enough for a time to blow the bankers off, but in the end they’ll sink our economy.
So, the American PEOPLE are not in debt, our GOVERNMENT is in debt. Solution: a new government. We’re just about where Germany was in 1923.
i think we shoudl make our coins out of gold like in middle agis again that way money cand depreciate unless we find a fuck load of gold
@inkey2 I don’t see how that would stop them from printing more money; they’d just make bills represent a fraction proportional to the number in existence of Gold.
That’s another thing that doesn’t make sense; Roman Coins were made of Silver, so they were on a Silver Standard, literally. It didn’t stop inflation from occurring, they just used less and less silver in each coin.
What would stop that from happening? Laws? Why not pass law restricting the current currency?
@sciencemile PART 2:__also……grain would be subject to deterioration, mice, insects etc and could not easily be stored for long peroids. The biggest advantage is that a gold/silver backed dollar “should” prevent the over printing of paper money because the bills would have to directly equal the amount of gold/silver in fort knox….this way governments can’t be tempted to start ramping up the printing presses when they need more money….basically…..gold prevents overspending
@sciencemile well…..gold & silver has been considered valuable to humans for over 3000 years. Thats a darn good track record. It’s finite and can’t be manufactured (or printed). A gold roman coin found today that was dropped when christ walked the earth still has as much value or more than the day it was minted over 2000 years ago. Also, gold & silver is very portable….you could easily carry $20,000 in gold in your pocket, the same amount of grain would bury a small town