America: Freedom to Fascism New Theater Openings

Aaron Russo’s film, America: Freedom to Fascism, will be opening in Chicago, Denver, Portland, Beverly Hills, Houston, Dallas, Tempe, Tucson, and Salt Lake City beginning in September and October. Openings in Nashville and other cities are said to be in the works as well. If you haven’t seen the film yet, be sure to check out the schedule for cities and dates. There is also a list on Upcoming.org.

Here’s an excerpt of a recent review by Conscious Choice Magazine:

Here’s all you need to take away from this. Despite how “affluent” we believe we are as a culture, in reality the dollar is only worth $.04. What keeps its value propped up is its near-exclusive relationship with oil transactions and other nation’s treasury reserves (the dollar having replaced gold as the backing) and some 10,000 nuclear weapons. If you looked deeply at the reasons for our most recent military campaigns, and the economic and diplomatic warfare we are conducting on nations like Iran, Venezuela, and North Korea, you’d fast come to understand that these nations, like Iraq before it in 2000, decided to stop using the dollar as their reserve currency, or to buy oil. If our dollar ceases to hold value”¦you do the math.

All of this is to say that the extended wardrobe of Fascism contains business suits as well as jackboots and swastikas.

And another by Michael Rivero:

This is a film that will probably give nightmares to those who have not been following the nation’s devolution here on the internet for the last several years. The film is a convincer, and Russo has carefully laid out the path for his audience, who will be reluctant to see what Russo sees, to follow.

This is a movie you MUST see. This is a movie the government MUST keep you from seeing. Call your local theaters and ask when it will be showing. When enough people call, the film will be booked, because after all, in America, money rules all.

posted by disinter
  • Rick Rajter

    I watched the movie and I gotta say, I was quite pleased.

    Can’t wait till the masses wake up and see they’ve been scammed.

  • Mark

    Quote:
    “If our dollar ceases to hold value”¦you do the math.”

    This person has a very elementary understanding of economics.

    A lot of people don’t understand how the foreign exchange market works. One might think that dollar depreciation = BAD, it sure sounds bad. But actually a falling demand in the dollar would be a boon to the US economy.

    When a country’s currency appreciates, the country’s goods abroad become more expensive and foreign goods in that country become cheaper. Conversely, when a country’s currency depreciates, its goods abroad become cheaper and foreign goods in that country become more expensive.

  • http://www.titaniumgirl.blogspot.com elle

    I may not have a degree in economics but I think if the dollar is not based on gold currency and is worth 4 cents we are screwed.

  • Brian R. Miller

    Russo’s entire thesis is conspiracy-theory mumbo-jumbo, not much advanced from the whole “the government planned 9/11″ stuff. It’s certainly not mainstream libertarian thinking — as evidenced by Badnarik’s decisive victory over Russo in the LP presidential caucus in 2004.

    I wish there’d be a bit more focusing on mainstream libertarian causes as “media events” rather than the lunatic fringe mental masturbation which this film represents.

  • http://freelancify.com Nigel Watt

    Badnarik buys into the stuff wholesale, too.

  • Mark

    Quote:
    “Here’s all you need to take away from this. Despite how “affluent” we believe we are as a culture, in reality the dollar is only worth $.04.”

    This part of the paragraph refers to inflation which is widely accepted as healthy for a developed economy.

    (see: http://en.wikipedia.org/wiki/Inflation)

    The rest of it refers to the value of a dollar relative to foreign currencies. The author clearly doesn’t understand the difference.

  • Mark

    elle said:

    “I may not have a degree in economics but I think if the dollar is not based on gold currency and is worth 4 cents we are screwed.”

    Elle, I will have a degree in Economics in the spring when I graduate. So do me a favor and please don’t buy Russo’s crazy theories at face value. Your wealth is better protected now than ever before.

  • Brian R. Miller

    I never understood the gold bugs. Gold is rare, but that alone isn’t enough to ensure that it’s an enduring store of value which rarely fluctuates. A quick look at gold prices more than confirms this.

  • brian

    Gold’s value is in its usefulness as a commodity combined with its rarity. History has shown Gold to be a consistent winner in the marketplace as the commodity closest to an ideal store of value. That Gold fluctuates in value is logic turned on its head. The value of Gold is almost completely static, it’s the value of the dollar that fluctuates. Gold’s PRICE (in dollars) fluctuates because of the instability of the dollar. The actual market VALUE of Gold is static. Gold today will buy roughly the same amount of goods and services that it would in 1800 or earlier.

  • Stuart Richards

    Only issue I have with gold is that, as the population and overall wealth of the world increases… the total amount of gold available on the planet does not increase. So this would inevitably lead to steady deflation, which is just as problematic as inflation. And whenever gold’s been used to back the currency, there has been deflation.

    However, I think that it’s still ultimately a sounder store of value than fiat currency. But if we let all fiat currencies just “float” instead of artificially trying to prop up/lower their value, it would quickly become obvious which currencies are valuable and which ones aren’t.

  • Devious David

    Mark, it seems that school hasn’t made you any smarter. The government has done a fine job with you. Congratulations!

    Stuart, there is quite a bit of gold in the earth’s crust. What would happen is that capital investment would be put towards mining gold. More gold would then be in circulation, which of course would be inflationary. However, there is a limit to how much capital investment could be put toward mining gold. There are also practical considerations with respect to how much could be made available in a given amount of time. The amount of gold available would generally increase by an amount approximately equal to the growth of the economy. When gold was used as money, there was no deflation! In fact, the situation was just as I described they would be. Prices were stable for a very long time, basically until 1913.

  • Devious David

    Deflation isn’t necessarily bad in all cases. There would be years of minor inflation, roughly corresponding to economic growth and occasional years of minor deflation, which would be good if you are a saver. Overall, prices would remain stable over time. If you think that the Fed has kept prices stable, than why does a Chevrolet no longer cost $3000.00? The purpose of the Fed was never to keep prices stable. It was and is to deprive you of any wealth you may have and concentrate it amongst very few people. It’s an utterly genius system that does exactly what it was intended – as long as you understand what the real intentions are.

    And some of the funny money is used to “educate” people like Mark into beleiving that it’s a sound and in fact, ideal system to use. Nobody is even accountable for the goings on there, or how much money is made or what that money is used for!

  • Devious David

    Oh and as far as conspiracy theory goes, it is a conspiracy. When the Fed was conceived, it was a conspiratorial event. The people who were involved met in SECRET on Jekyll Island, GA. They were big bankers. All of this and much more is a matter of record. The Federal Reserve System is a banking cartel – plain and simple. Why this fact is considered nut job or untrue, I have no idea. Probably because if you accept what is clear, recorded fact, you might have to swallow some bitter pills and admit that things are worse than you could imagine.

  • Devious David

    Lastly, a country’s currency value with respect to other countries currency value does produce varying results. I would have to say that having the United States dependent upon foreign goods entirely, while nothing of value is produced domestically is a bad situation to be in. Why don’t we all just be stock traders and loan officers? Simple, because someone has to do the work. The productivity has to come from somewhere in a national economy. I’m all for globalization. But a nation has to have some aspect of productivity comensurate with it’s fiscal practices.

    Otherwise, people like Mark could just demand we use the Fed to print money until we are all wealthy. The greater fools in Asia would continue to send all their goods to us in exchange for the paper in his world. Why do we even pay taxes? Just inflate enough extra to take the place of them! Hell, instead of being stock traders and loan officers, why don’t we do nothing but get big, fat checks from the Fed?

  • Tom Bryant

    In regards to gold, please keep in mind that when new gold is discovered, the wealth of the nation increases along with the amount of currency available. This will act to keep the inflationary function of mining gold down when compared to printing money (which does not increase wealth).

    In regards to the Federal Reserve, the system is directly accountable to Congress. The executive board of the FED is appointed by the President and Congress. The FOMC board’s majority is also appointed by the Pres/Congress.

    It would make sense that successful bankers would be involved with the creation of a central bank, who else would know better?

    And, before someone says it, the FED is -NOT- a “private company”

    That being said, the FED should be abolished. The free-market works best in all areas, including banking.

  • TJO

    DON’T LISTEN TO THESE CRAZY CONSPIRACY KOOKS EITHER!

    “If the American people ever allow private banks to control the issue of their
    currency, first by inflation, then by deflation, the banks…will deprive the
    people of all property until their children wake-up homeless on the
    continent their fathers conquered…. The issuing power should be taken from
    the banks and restored to the people, to whom it properly belongs.”
    -Thomas Jefferson

    “History records that the money changers have used every form of abuse,
    intrigue, deceit, and violent means possible to maintain their control over
    governments by controlling money and its issuance.”
    -James Madison

    “If congress has the right under the Constitution to issue paper money, it was
    given them to use themselves, not to be delegated to individuals or
    corporations.”
    -Andrew Jackson

    “Money will cease to be master and become
    the servant of humanity.”
    -Abraham Lincoln

  • TJO

    THIS GUY IS OBVIOUSLY A CONSPIRACY KOOK!!!

    “I am a most unhappy man. I have unwittingly ruined my country. A great
    industrial nation is controlled by its system of credit. Our system of
    credit is concentrated. The growth of the nation, therefore, and all our
    activities are in the hands of a few men. We have come to be one of the worst
    ruled, one of the most completely controlled and dominated Governments in the
    civilized world no longer a Government by free opinion, no longer a
    Government by conviction and the vote of the majority, but a Government by
    the opinion and duress of a small group of dominant men.”
    -Woodrow Wilson

  • TJO

    THIS GUY? ANOTHER CONSPIRACY KOOK.

    “The few who can understand the System (Cheque Money and Credits) will either
    be so interested in its profits, or so dependent on its favours, that there
    will be no opposition from that class. While on the other hand, the great
    body of people mentally incapable of comprehending the tremendous advantage
    that capital derives from the system, will bear its burdens without complaint
    and perhaps without even suspecting that the system is inimical (hostile,
    hurtful) to their interests.”
    -Rothschild Bros of London correspondence dated June 25, 1863

  • TJO

    CONSPIRACY KOOKS EVERYWHERE!

    “It is well enough that people of the nation do not understand our banking and monetary sustem, for if they did, I beleive there would be a revolution before tomorrow morning.”

    -Henry Ford

  • http://www.stateofworldliberty.org Nick Wilson

    Guys, seriously, get over the gold standard. Economically, it’s really not a big deal that the value of our money is not backed in gold. Being able to have dollar markets and gold on separate valuation scales enables one to hedge one’s investments. If you are paranoid that the economy is going to collapse without a return to the gold standard, go take all your money and buy gold, then sell the gold in small pieces to get money to live on. You have the alternative.

    However, reorganizing the economy and revaluing the dollar would be a very big deal and could potentially lead to an economic collapse.

    This movie preaches to the choir. You do yourself a disservice to ignore the complexities and alternative interpretations of such issues.

    More importantly, aren’t there a hundred bigger fish to fry than this? Why do so many libertarians loiter on the idea of returning to some idealized past instead of focusing on building a more effective future based upon the lessons of the past?

  • Torfinn

    Devious David and TJO are on my page.

    All you have to do is take a look at how Woodrow Wilson got elected, and who he was in bed with at the time before the FED was devised to see the sleight of hand in action.

    The FED, and it’s constituents I believe are responsible for every single conflict the world has known, and are also single handedly responsible for raping every American citizen of their spending/buying power. If it weren’t for the FED, our country and politics would be drastically different.

    This isn’t a conspiracy theory, this is a conspiracy FACT.

  • Torfinn

    Hahaha, well maybe every single conflict the world has known is a little overboard.

    :)

    I managed to leave out the term MODERN.

  • IanC

    In all of this people are blatantly ignoring the impact of Jimmy Carter’s appeasement of the farmer’s lobbies during his presidency.

    Right up until Carter, prices continued to remain relatively stable, not experiencing any more or less inflation/deflation than is experienced today (inflations rates somewhere between 1-4%).

    If it had not been for the INTENTIONAL, massive devaluation of currency in those days, this entire conversation would have been moot.

    People, the gold standard is no better — and in many ways worse — than the fiat dollar.

  • Mike R

    I appreciate all the quotes from the old kooks. I have not seen the movie yet, but have seen extensive clips. I don’t believe going back to the gold standard would be feasible, or done in a way that does not rob most people of more wealth.

    I am interested in hearing what others thought about the other subject of the movie like presidential signing orders, income tax laws, chipping babies, etc.

    thanks

  • Devious David

    No, the Federal Reserve Board of Governors IS a government entity. The Federal Reserve System is NOT a government entity. It is accountable to nobody because it is a private institution. Period. That is the FACT.

    And as far as other things being better or more important… NO. This is the single most important matter facing us. If we are to have a microscopic snowball’s chance in hell of achieving liberty EVER, then the Fed must absolutely be abolished. Once again, little to no progress will be achieved without doing this.

    Those of you who dispute the soundness and integrity of a sounds currency, non-fractional reserve banking system will probably face dire consequences sooner rather than later. Do not understand money at your own peril. It very much is a big deal, for your liberty, for the world and United States economy. It is absolutely CRITICAL. The SUPREME FACTOR bar absolutely NONE WHATSOEVER!

  • Devious David

    People who understand this are not asking for a gold standard. That implies that government is involved at all. We must totally eviscerate government control of our money and move to a free market currency(currencies?) that is backed 100% by gold and/or silver.

    If you are concerned with the difficulties of a revaluation, I applaud you. However the fiscal collapse that is imminent is much much worse than any niggling problem such a change would require. You have absolutely no comprehension of the kinds of structural imbalances exist in the modern world economy. We desparetely NEED a destruction of the dollar/fiat currency. It would be much much better to do so voluntarily and in an orderly fashion. Neglecting this matter has the risk of allowing The State to completely destroy all individual sovereignty and liberty you presently have. Of course the other “risk” is that we move towards the ideal, but given the idiotic and apathetic response here, the opportunity for such a thing is poor

  • Devious David

    As far as Carter goes, NO prices had not been stable. At that time, the dollar very nearly DID collapse and it’s not because of some stupid farm subsidy program either. It was because Richard Nixon close the gold window, causing the United States to default on it’s promises, in conjunction with lots of printing of money. The man behind the curtain tries to tell you that inflation is the result of all kinds of hardly controllable things. That of course is a lie. It’s excess creation of money greater than that of the increased production within the economy. It doesn’t take a rocket scientist to figure that out, or to understand that a centrally planned body to try and control that are doomed to fail. An economy is too complex and nobody can know enough to manage such a thing. Of course, that’s not the purpose of the Fed anyway. The SOLE purpose it to siphon away all the wealth and consolidate all the power.

  • honest dave

    The people who do not believe this movie are either total dupes, or they are part of the elite ruling class that has skimmed almost all of america’s wealth through wars, taxation, monopolizing capital markets, inflation, printing currency and controling worldwide monetary policy.
    We as a nation are in way deeper shit than most people realize. I have done thousands and thousands of hours of reading and investigation into the “Federal Reserve” bank, IMF, World Bank, etc., and the cabal at the top is arrogant, elitist, uncaring of decency toward their common man, greedy beyond belief and power hungry in the extreme. They have been after total and complete domination of the planet and of all of mankind for many generations, and their pathology has been passed from generation to generation and knows no bounds.
    Bush and company are totally their puppets, and the policies pursued by bushie jr. have destroyed the middle class, and we are close to a total police state and domination.

  • jake

    In Response to mark: “When a country’s currency appreciates, the country’s goods abroad become more expensive and foreign goods in that country become cheaper. Conversely, when a country’s currency depreciates, its goods abroad become cheaper and foreign goods in that country become more expensive.”

    What goods do we still make in America?

  • Devious David

    Also, inflation is grossly understated. There is something called Hedonic Adjustments. They allow the Fed to understate REAL inflation by about 50% or so. Those adjustments, I beleive were introduced during the Carter admin to help prevent the catastrophy.

    Your mistaken concepts of feasibility of return to sound money are incorrect. It is feasible and necessary. The alternative is much much worse. Worse than you could ever imagine.

  • Devious David

    Jake, that’s a point I’ve been hinting at. The greater fools in Asia are not going to be greater fools forever. Our manufacturing base has been destroyed and our debt levels are intractable. Inflation is grossly understated. Before long we will experience a fiscal collapse and return to fascist feudalism. That of course is the heavily abridged version.

  • Kat

    GREAT FILM! It’s time to get rid of the Federal Reserve, and all the men who own it.
    They are making slaves out of all of us: WAGE SLAVES.
    Plus, the Income Tax is unConstitutional.
    It’s time to clip their power and claim our wealth for this nation for the PEOPLE.

  • Kat

    BTW, this is no “conspiracy” film, it is an educational film. MUST SEE! Your wealth may depend upon it.
    Every taxpayer should be buying a ticket to see this film, today.

  • honest dave

    You had all better listen to devious dave. He knows what he is talking about, and(in spite of his moniker)he speaks the truth.
    Our only chance is to default on what we owe to the central banks (all of them) on the basis that their contol of the printing of money and monetary policy is designed to enslave people and indeed nations. Their fomenting of wars and conflict are a crime against nature. They believe in and practice genocide.
    We will need to negotiate with China and Japan and any country that owns T-bills, but the sooner we get rid of the current government officials and the central banks, the better.
    Freedom to Fascism is the very best opportunity we have as a free people to get the word out about what is at stake, and it must be promoted and protected, or total enslavement and an ugly police state will quickly ensue.

  • Brian R. Miller

    People quoting long-dead politicians aren’t making a convincing argument. I wonder how much Andrew Jackson would pay for my iPod, or how much Woodrow Wilson would value high tech market strategies produced by myself and my employer. They wouldn’t even know what they were, let alone how to value them.

    And that’s ultimately the problem with the gold bugs. They’re stuck in an economic past where only manufactured goods are worth anything, where individuals are “enslaved” if their store of value isn’t something tangible, and where the knowledge and innovation economies don’t exist.

    That world died in the 1950s along with organizations like Packard, Studebaker, and Philco.

    Implementing a gold bug agenda would do nothing to revive those long-dead companies and the long-gone jobs they represented — but it would do quite a bit to destroy the Apple Computers, Hewlett Packards, Microsofts, Intels, McKinseys, and Dells who represent the bulk of economic growth and innovation today.

  • fulltimehuman

    The whole basis for the FED is that, Bankers would do a better job of managing the monetary suppy of the United States of America. Where is there ANY proof of this being the fact. There has been a push by the international banking cartel for almost TWO HUNDRED YEARS. The FED is not the first attempt at a money grab by these entities. There were two presidents in the history of our nation that authorised the Issuing of Monies from the Treasury of the United States, going
    AGAINST the directives and orders handed down by these Banking cartels, Abraham Lincoln and John Fitzgerald Kennedy. I don’t think I need to say much more on that “conspiracy”.

  • Mark

    “Mark, it seems that school hasn’t made you any smarter. The government has done a fine job with you. Congratulations!”

    We shall see

    “Deflation isn’t necessarily bad in all cases.”
    Yes it is. Find me some source that says otherwise and we can discuss.

    “The purpose of the Fed was never to keep prices stable.”
    Do you have any credible sources for your claim?
    The Fed has three goals: maximum employment, stable prices, and moderate long term long term interest rates.

    “some of the funny money is used to “educate” people like Mark into beleiving that it’s a sound and in fact, ideal system to use. ”

    What money? My money? Surely you must mean the taxpayers of Ohio, but that has nothing to do with The Fed. SO WHAT THE HELL ARE YOU TALKING ABOUT?

    “I would have to say that having the United States dependent upon foreign goods entirely, while nothing of value is produced domestically…”

    NOTHING OF VALUE? Wow. What about that $927 BILLION in exports in ’05. Yup, thats more than China’s.

  • IanC

    Devious: Re: Carter — I did not imply it was farming subsidies. The inflation garnered then was the intentional, aimed-for product his administration. IF this inflation was the result of Nixon’s act, why then did that inflation not IMMEDIATELY occur during Nixon’s administration? The abolition of the remaining gold standard was by NO means his final act in office. Your statement is thus obviated.

    In the end, however, Mr. Miller has the correct assessment. Gold/Silver/Diamond ‘backed’ currency is recidivism. That world is dead. Should the FED be abolished? Absolutely. Denominated fiat currency ought to be controlled directly by the Congress as dictated, and not delegated. What is America’s greatest product these days? Information. What is the gold equivalent value of one licensed Windows XP Professional, David? How soon will Microsoft run out of licenses to grant?

    Further — there is currently more gold available to the market than there is demand for.

  • IanC

    All the current commodities are artificially retaining value due to the intentional reserve build-up of the major brokers of each. Switching to such currencies would simply place those holders in EXACTLY the position that those whom wish the gold standard accuse the FED of being within.

    This is unacceptable.

    Finally… as to the value of gold specifically fluctuating being the result of the fluctuation of the value of the dollar: Anyone making this claim, please provide documentation.

    The price of gold futures (and current value) in the open market bears neither an inverse nor a direct relationship to the fluctuation of the dollar.

    For example; gold, specifically, dropped in value deeply during the late eighties and early nineties, only to return in value in the last fiscal year.

    Did we suddenly go through a major depression last year that nobody else noticed?

  • fulltimehuman

    The Second Bank of America was the first example of foreign based banks exerting influence and extracting money from the american people. Most only want to focus on the most recent body of thieves to do the dirty work.
    Andrew Jackson was strongly against these “business models”,( Isn’t it strange that the biggest OPPONENTS to the control of Monies by foreign banks are used as poster children post mortem in the form of the faces on the bills themselves?)
    and spoke of the Veto of the Banks renewal charter as his greatest achievment in his presidency. He was asked what he was most proud of after he was president and he replied” I KILLED THE BANK!”
    Do some deep soul searching, all you people who have been trained by these corporate backed Universities and Institutions of “Learning.” What benifits a ruling elite more….” teaching the TRUE root of monetary control or building a hundred year deep pile of crap that supports their control on OUR money.”
    Truth shall remain self evident.

  • Mark

    “Otherwise, people like Mark could just demand we use the Fed to print money until we are all wealthy.”

    Inflation and money growth are closely tied, so I would never encourage inflation. Thats just bullshit.

    “No, the Federal Reserve Board of Governors IS a government entity. The Federal Reserve System is NOT a government entity. It is accountable to nobody because it is a private institution. Period. That is the FACT.”

    You’ve demonstrated such a lack of understanding for the structure and mandate of The Fed that I cannot teach you in this little space.

    So READ, yes I know, reading is what us crazy conspiracy economists do, but I think you might enjoy learning. Maybe.
    “A Look Inside Two Central Banks”
    http://research.stlouisfed.org/publications/review/03/01/Pollard.pdf#search=%22A%20Look%20inside%20two%20central%20banks%22

    Pages 24-28 will answer your questions about Transparency and Accountability. I look forward to a more enlightened discussion.

  • http://www.theblackbay.com TheblackBay

    Mark i’m sure you are a smart individual , i would like to discuss this with you so that we may both learn more on this subject, I have an explanation on my wikipedia user page of US inflation, I’d like to see your comment on that , the primary argument is that the US currency has been pegged to Oil, as a backing, not nothing as in fiat situation.

    It is the Demand for Oil that drives the Demand for US dollars across the world, and when that demand ceases, the net effect is a drastic inflationary increase as the Net worth of the Dollar drops, if sufficiently quick the results would represent Zimbabwe or post WW1 Germany more than a healthy growth in investment or expansion of economy.

    of course It would also mean the end of the US as an empire it seems to me that the USA’s fate was sealed in the 1970’s when some very smart individuals backed your dollar by Oil.

    knowing that the Us empire would live or die by this US Oil dollar.

    thank you the blackBay.

  • fulltimehuman

    Slightly off the main topic but woth noting…
    Mark claims……
    NOTHING OF VALUE? Wow. What about that $927 BILLION in exports in ”˜05. Yup, thats more than China’s.

    Unfortunately, Government backed subsidized agriculture exports are a tool to crush every local agriculture system in the world.Do the research. And secondly..Damn thats a lot of cruise missles and f-16’s were selling!! Got to keep the war-machine churning…oh wait, we’re fighting war’s and supplying every damn country with War Utensils, to…….stop wars?

    Helllo?

  • Freaky Dick’s Chimp

    Thank you, Devious David and TJO, for hitting it on the head.
    And Fulltimehuman, don’t forget that President McKinley also tried to wrest control of the US money supply from the Bank Of London. Like Lincoln and JFK, he was also assassinated.
    What a coincidence!

    Mark, since the Great American Job Selloff that started under Reagan, the only thing the US makes anymore that the world wants in large quantities is weapons. We import almost everyting else. Hell, even some our naval vessels are now built in Chinese shipyards, and Canada supplies most of our small-arms ammuniation, along with a substantial mount of the oil we consume.

  • http://whatreallyhappened.com observer

    Check out the comments after the article itself. Note the “poo poo” comments by repeated poster Mark, then consider the following.

    Let us say that there are two restaurants on your town, one serving pizza and the other serving tacos. The people who like tacos go to the taco place, the people who do NOT like tacos go to the pizza place.

    But do you ever see a pizza lover hang out in the taco place insulting the taco eaters? If you saw such a person, would you not wonder if they were deranged and needed some time in a room with rubber wallpaper?

    Because that’s what people like Mark are doing. Clearly, he does not agree with the people who like tacos. So he spends his time hanging out where tacos are sold, and note that he doesn’t actually talk about the tacos and what is in them and why it might be bad for you, but merely hurls personal attacks on anyone who could even look at a taco?

    Does this sound like the behavior of a reasonable human being?

    Or does it make more sense to suggest that Mark’s ad hominem attack on taco eaters is more understandable if in fact he works for the pizza place?

    Because one thing is clear, Mark is not a real student of economics, or he would not have made that asinine comment about wealth protection during a time when the Federal Reserve has stopped publishing the M3 aggregate.

  • CLanman

    While the CorpGov is bringing down the price of gas and not pulling any punches around the world to make things look stable, it’s all just makeup to make the current administration look a little prettier to the sheeple for the upcoming elections. Now is the time to buy up Gold and Silver while the PPT and black box’s bring those prices lower and use your dollars to keep the fire burning this winter, that’s all they will be good for.

  • http://www.theblackbay.com TheblackBay

    “I look forward to a more enlightened discussion.”

    Mark I have been to thousands of economic web site and spoken to hundreds of economists some classically trained none of which can prove my explanation of the Fed Treasury Bond system wrong.

    Please anyone discuss this with me:

    I would care to know if somewhere I missed something:

    I contend that Net wealth is concentrated at the point of issue under the current system where by a Bond is issued and Purchased by the Fed with Printed currency , and then that fraudulent central bank currency has interest charged to it,.

    This interest is in fact interest on a humans unit of energy.

    When all money is issue in this manner humans pay for the expanding economy with unit of energy almost like a “battery” because Interest is charged at the point of issuance, again I say the interest has to be paid with energy, work, time.

    All human productivity.

  • Sirk

    Mark, where did you get ” What about that $927 BILLION in exports in ”˜05. Yup, thats more than China’s.”?

    According to MarketWatch, “a Commerce Department report showed early Tuesday the U.S. trade deficit widened by 5.0% in July to a record $68.0 billion. The July deficit surpasses the previous monthly record of $66.6 billion set in October. The trade deficit was above the consensus forecast of Wall Street economists of a deficit of $65.4 billion. The deficit was $64.8 billion in June. Imports rose while exports declined in July. The U.S. trade deficit with China widened to $19.6 billion in compared with $17.6 billion in the same month last year.”
    http://www.marketwatch.com/News/Story/Story.aspx?dist=
    newsfinder&siteid=mktw&guid=%7B45439219%2DE224%2D4D8C%
    2D8D26%2D41A65BDB7A7C%7D&link=&keyword=trade%20deficit

    I am not an economics student, but doesn’t a trade deficit mean that we are importing more stuff from China than they are from us?

  • Devious David

    I have every reason to beleive that Mark is in fact a holder of an economics degree. He is employing the same twisted logic, nonsense poo-poo that most holders of such degrees do. They all come out like they are “sophisticated” and that degree made them much much smarter and everyone that doesn’t agree – let alone also have a degree are thusly economic dimwits.

    When you look at any problem and there are “experts” that have to employ all kinds of convuluted reasoning to try and convince you that the simple, obvious, bedrock solid answer isn’t the answer at all, you know you are right and they are wrong. Especially when their convuluted thinking is in particular benefit to the ruling class/elite/authority/what-have-you and an obvious detriment to the rest of us. This Keynesian nonsense is sheer lunacy and designed to make you a ward of The State. As someone said it here on a prior thread “It’s childish simple. There is no limit to how much money they can make”.

  • Devious David

    Even if you beleive the Fed’s bogus reasons for existing, you must absolutely contend that it has be an abject failure at all of them. It’s not hard to understand that no group of a dozen people could do a satisfactory job of controlling money supply. It’s even UNREASONABLE to make that assumption! Ben Bernanke and Alan Greenspan aren’t gods that are able to look at some phoney government numbers and come up with the correct interest rate better than the market can.

  • Devious David

    The common working man of America can see that something is seriously wrong. That’s why prices are high and real wages are low. That’s why it takes a husband and wife working night and day to achieve the financial equivalent of what only a husband could do thirty years ago. Look around you and you will see the devastation. You can only work so many hours a day. The standard of living will necessarily go down! There is no slowing the treadmill down once you are on a fiat currency, especially when the actual goal is nefarious. And by necessity the goal itself IS NEFARIOUS, because only a gullible fool/idiot or nefarious person would suggest or demand such a system in the first place!

  • Nicholas Sarwark

    Central banks committing a “crime against nature? “CorpGov”? “sheeple”? “Wage slaves”?

    Try using some plain English with a little less hyperbole and maybe people will listen to you.

    I am not an economics student, but doesn’t a trade deficit mean that we are importing more stuff from China than they are from us?

    China sends more stuff here than we send to China, but we export more overall than China.

  • Gordon

    Mark,
    I have a degree in Economics. Do yourself a favor.
    Get another degree or go to graduate school or you too will know what it means to be broke.

  • Devious David

    TheBlackBay, you made an honorable and somewhat effective attempt at explaining how wealth is being robbed from us – the people farthest from the spigot or printing press. The people who benefit are the ones there at the point of origin of money creation. They are the masters.

  • http://www.theblackbay.com TheblackBay

    I have not seen the movie, When do Australians have the experience?

    Also David throughout my study i have found, that this system is a ingenious setup a trap, when the economy expands gradually also does the money supply, well when all money is issued with human energy as the interest, as the economy expands more net “energy” or human wealth and time goes to the centre, until invariably we have the situation where, someone’s child comes to his/her father/mother and says:

    “The state media lead economic indicators say that the economy grew by 5% last year and wealth increased by 9%, but father/mother why can I I’ll afford a house and land to put it on?”

    “Well son better you don’t own the land keep that for the good of the state” I have heard of a recent American investment “opportunity” called “community Land Trust” it was exactly that situation.

    The light doses not get much brighter than that on this issue.

    theblackBay.

  • b dean

    this is for mark:
    the interesting thing about students is that they have the wonderful ability to believe everything they’re being told as the truth. not only that, but being an economics student doesn’t give you any more access to information or knowledge about economics than a library, which anyone can access

    okay mark – you’re officially busted as a liar:
    this was your comment on 6-13 at 8:49pm

    “A lot of people don’t understand how the foreign exchange market works. One might think that dollar depreciation = BAD, it sure sounds bad. But actually a falling demand in the dollar would be a boon to the US economy.”

    9-14 at 3:24pm

    “’Deflation isn’t necessarily bad in all cases.’ –[you quoting someone else]
    Yes it is. Find me some source that says otherwise and we can discuss.”

    which is it marky? I thought you were on top of it? I came to depend on your quippy comments and reassurances about the stability of wealth!

    what? cat got your tongue? or does the CIA own your tongue?

  • Goldfinger

    A Gold Standard makes those responsible for the public’s money more accountable… because under a Gold Standard, the currency can’t be printed at the wim of Polticians and then spent wrecklessly on Pork projects, like what the govt. is currently doing.

  • harpua

    “Slave to the traffic light”

  • A. Magnus

    “Why do so many libertarians loiter on the idea of returning to some idealized past instead of focusing on building a more effective future based upon the lessons of the past?”

    Translation: so you’ve been fleeced every taxpaying day of your life – can’t you just ‘get over it?’

  • dave

    I don’t know if Mark is a misguided economics student or a shill for the controllers or something else?! but just so people don’t start believing what he says here are a few sites and videos that are good for learning about the fraud of the Fed. Devious Dave in post 25 has it right in my opinion.

    http://www.freedom-force.org/videos/video.cfm?&player=2-1-05mandrake

    (Ed Griffin giving a basic introduction to the scam)

    http://video.google.com/videoplay?docid=-4991544789166784731

    (Three detailed videos “The Money Masters” giving the history of what they call “The Money Changers” )

    http://www.europac.net

    Watch Peter Schiff do battle with the propaganda merchants and listen to his radio archives.

    http://www.financialsense.com

    Jim Puplava does a weekly FSN broadcast every Saturday.

    Remember the Fed and the commercial banks are the engines of inflation. If money supply were held constant relative to population then prices would naturally come DOWN with technological improvements

  • Harry_Hood

    I happen to work for the federal reserve; So I am really getting a kick out of most of these replies. Some of you guys are very good at making it sound like you know what you are talking about. But trust me…. You don’t. I think you just want to make yourself sound smart, when in reality you don’t know what you are talking about. This is how bad info gets passed around. If you dont know about the topic….Dont make yourself sound like you do. Cos some people believe anything they hear.

  • b dean

    well harry hood, are we supposed to believe what you say then? you’re just some letters on the computer screen just like everyone else. what lends credibility to comments is substance, of which your comment had none, just disdain. you say you work for the federal reserve, well let’s here you refute ANY of the claims these people here are presenting…
    you’re just sitting there laughing at all of us ignorant folks eh?
    come on and tell us how it “really” goes down. please, I’m all ears.
    you working for the federal reserve (if you really do) does not give you any more insight into the history of the federal reserve or credibility than me. have you read the federal reserve act? have you read the constitution? or do you just sit there and laugh at all the naive, misled sheep out there?
    yeah, people questioning their surroundings is “how bad info gets passed around”. dolt.
    and if none of us lowly peons has a clue about what’s really going on, let us in on the secret. really….

  • observoid

    “I happen to work for the federal reserve”

    Oooh, do tell. What do you do there?

  • observoid

    “Some of you guys are very good at making it sound like you know what you are talking about. But trust me”¦. You don’t.”

    Tell us about it then, won’t you? For example, tell us who signs your paycheck each payday?

  • Mark

    re: dave

    The Fed has no control over government spending. That seems to be a common misunderstanding in the first two links.

  • truthman

    I have a simple question. When the “Fed” puts money in to circulation, where do they put it? Who is the beneficiary?

    And now, an observation from a neophyte: Gold as a monetary standard seems to me no more an asset than ‘paper’ or metal money. Sure, gold is a metal used for electronics, tooth fillings, jewelry and I’m sure many other things I’m unaware of, but it does not ‘sustain’ human life. Paper or (wood) seems to be marginally better, in that regard. So what is the big deal? If we want to put ‘real’ value on some commodity as a standard, shouldn’t it be water or bread or some energy source that sustains humankind? Maybe I’m making an argument for “oil” here, but even that is temporary. Humans will always need food.

    Sorry if my comment doesn’t live up to you guys standards, which are way above my simple mind.

  • Goldfinger

    re: truthman

    Becuase Gold has extremely “long lasting” and “stable” qualities that no other commodity cannot match.

  • http://www.jamesgoulding.com Jim G

    Mark is an idiot. I’ve traded currencies for 27 yrs.
    He has no idea what he’s taking about. This leads me to believe he’s a plant.

    Jim

  • Jesse Jones

    Discontinuance of M3

    On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.

    Measures of large-denomination time deposits will continue to be published by the Board in the Flow of Funds Accounts (Z.1 release) on a quarterly basis and in the H.8 release on a weekly basis (for commercial banks).

    M3 does not appear to convey any additional information about economic activity that is not already embodied in M2 and has not played a role in the monetary policy process for many years. Consequently, the Board judged that the costs of collecting the underlying data and publishing M3 outweigh the benefits.

    http://www.federalreserve.gov/releases/h6/discm3.htm

  • enemy of falsehood

    Got to laugh at Harry Hood – for someone who “works” for the Fed, how come he spends all his post denigrating other’s considered and referenced points? If he worked at the Fed, he could dispel all these “myths” quite easily yet he makes no attempt at rebutting the points made. Me thinks we have a liar in our midsts.

    As for Mark, you understand nothing apart from what you just read in Wikipedia before coming to do your dirty work in here. A depreciating currency does matter when you run continuous deficits – who is going to want to lend money to the US when the money you’re going to get back eventually (maybe as we near the end game) is going to be worth much much less? The world is wise to the fact that your fraudulent fiat currency has had it’s day – the hiding of M3 figures being the latest ruse. The dollar will go the same way as have all other hyper inflated fiat currencies in history – oblivion!

  • truthman

    Goldfnger,

    Water cannot match it? Lead? Nickel? Platinum? Diamonds? An ear of corn? A slice of bread?

    You must mean “cannot match” in the sense of “investment”, which seems to me to be totally contrived by some ‘unseen and arbitrary’ system that cannot be questioned. Sounds like “The Emporer’s New Clothes” to me. Keep on going…and I’ll forgive what may have been your “Freudian slip” and double negative that “no other commodity cannot match”.

    :-)

  • observoid

    Remember, we are talking about a movie here:

    http://www.freedomtofascism.com/

    “I watched the movie and I gotta say, I was quite pleased. Can’t wait till the masses wake up and see they’ve been scammed.”

    They’ve known it for years, but never had it affirmed by a bigshot Hollywood producer. Wonder if this will make a difference?

    I mean, assuming anyone actually manages to see it. Some one or some group is doing their level best to keep the American public from finding out too much about this flick. Remember that as you wander off into discussion about the “Federal Reserve” ;)

  • Goldfinger

    re: truthman

    Let me try again: Gold has very “long lasting” and “stable” properties that cannot be matched by any other commodity… IE: Bread, water, and oil can be spoiled very, very easily… and Lead is to easy to mine/produce.

    GOLD STANDARD = FISCALLY RESPONSIBLE GOVT… THAT’S WHY GOVT, POLITICIANS, AND WALL STREET DON’T LIKE GOLD.

  • dave

    Ok, Harry_Hood, an insubstantial post with no arguements or supporting links. Would you care to elaborate on the virtues of the Fed and provide rebuttals to the people who are not convinced of those virtues? I’m all for education.
    Thanks.

    I will probably not get to look for a day or two but would be interested.

  • b dean

    re: truthman:
    you may have a point about how generally screwed up our economic system is, but let me say this: the original system of economics this country had was much different than it is today. each state had their own currency, and it was driven not by gold reserves, but by the actual flow of that state’s economy. in interstate trade, the currencies were ACTUALLY representative of the exact things you’re talking about, like wheat, corn, lumber etc. so in a world where you had to actually invent a system of government to make you free, the same applies to currency. you have to invent a representative form of money. when it is no longer represented by anything is what these people are complaining about. you are basically describing the state of affairs in the early states’ histories. in the same way that 250 million people can’t vote on every little issue, you cannot barter infinte amounts on the international market–it’s just unrealistic…

  • dave

    Well, no the Fed provides funds for the government when they want to spend more than they take in from taxes(something they do quite a lot in the current insane war mongering times) and when they cannot or will not raise funds in the capital markets. This increasese the money supply. The M3 broad money aggregate supply figure ceased to be published in March. The risible justification for this was to save money!

  • truthman

    re: Goldfinger

    Thanks…now we’re getting somewhere. But other than the fact that gold is not easily “spoiled” and that some arbitrary and unquestionable source says it’s worth something and says it can be “traded” for things that DO sustain human beings, can “it” alone sustain human beings? Like food and water? Like the sun? Like mother’s milk? (OK, that was a low blow…but I hope you are getting it.) I’m simply saying that anything that sustains human life is more valuable, ultimately, than some “stable commodity that can’t be easily spoiled”, but also can’t be eaten or provide warmth from the cold, or shelter from the storm or protection from an enemy. Existential? Yes, but why not at this point? You can’t take it with you, and leaving it to your kids just makes them greedy little consumers…like me and you.

    Go on.

  • truthman

    re: b dean

    I appreciate your honest response and perhaps I’ve been a bit disingenuous with my understanding of the debate. I know that we need a ‘standard’. What I am trying to point out to the “gold” crowd is that it could be alot of things other that “gold” and also that since you cannot “eat” gold, I’d rather have food and water in a “nukuler, mushroom attacked world” than all the gold in the universe. There are more important ‘commodities’.
    Food, for thought. I am, after all, truthman.

    That’s just my grain of salt.

  • Goldfinger

    re: truthman

    YOU SAID: “I’m simply saying that anything that sustains human life is more valuable”.

    I SAY: Yes, things that support life may be considered more valuable than Gold by some, particularly so if faced with an immediate life threatening crisis… however during NORMAL TIMES, a stable currency is desirous, particularly one that fosters responsible fiscal policy from Govt. which benefits eventually filters down to the populus.

    BTW… Do you realize that the US DOLLAR HAS LOST approx. 1/3 of its PURCHASING POWER in just the past 3 years?

    THE GOLD STANDARD = FISCALLY RESPONSIBLE GOVT”¦ THAT’S WHY GOVT, POLITICIANS, AND WALL STREET DON’T LIKE GOLD.

  • Patrick

    Best blog I have read in a long time. I’ll continue on the side lines for now. Also how long before the movie is shown in Austin again? I missed it the first time and it was sold out before noon. Carry on.

    Patrick

  • truthman

    re: anyone

    No one has answered my simple question yet. Here it is again:

    When the “Fed” puts money in to circulation, where do they put it? Who is the beneficiary?

    Because this seems to me to be the sole source of inflation. Who gets this newly printed, hot off the press, money? Who?

    Because, I want to be one of “them”. Don’t you?

  • http://www.supportthetruth.com glowform

    What about the FACT that there have been 8 U S Supreme court rulings that the income tax is not constitutional, and that no one can show a law that requires anyone to pay income tax. and the FACT that the Federal Reserve is entirely unconstitutional. Regardless of anyones opinion, this is irrefutable fact, anyone trying to argue agianst it is not credible, anyone ignoreing or excusing this is unAmerican. The government objective is not to serve the citizens when they continuously lie to their own benefit.

  • b dean

    “nukuler, mushroom attacked world” hahahaha that’s funny
    I get your point. to tell the truth, from that existential standpoint, I don’t believe an enlightened human race would need the word of law either, which would naturally lead to the end of all other forms of oppression. I don’t believe we’re enlightened though, any of us. we are ultimately a confused species, and we (figuratively) defecate all over ourselves on a regular basis.
    my strict belief however is that the first order of business before anything else to ejecting this cancer from our society is finding out the truth of 911. once the truth is out, the rest will become more focused. we all need to unite on this issue.
    because no matter what is the truth of 911, it’s going to be ugly, and ALOT of heads are gonna be in baskets below guillotines. once people have their blood up for the truth and no longer fear their oppressors, then we have a real chance of being free, and abolishing the fed altogether

  • Mark

    http://en.wikipedia.org/wiki/Federal_Reserve_System

    read: Control of the money supply

  • Patrick

    To: truthman
    Wouldn’t the government then get it? To spend it the way they like. I mean if there is money sitting around they will spend it. The government is like a crack addict. other then that I don’t have an answer for you.

  • Goldfinger

    re: truthman

    FORMULA FOR FREE FIAT CURRENCY PARTICPATION:

    (1) Become a high ranking Politican.
    (2) Press/work for Pork projects.
    (3) If your Pork project is approved, the US Govt. just adds more debt for future generations to pay… while you and your pals get to spend the Fiat Dollars today on unneeded Pork projects.
    (4) Laugh all the way to the Bank… at taxpayer expense.

    THE GOLD STANDARD = FISCALLY RESPONSIBLE GOVT”¦ THAT’S WHY GOVT, POLITICIANS, AND WALL STREET DON’T LIKE GOLD.

  • http://www.supportthetruth.com glowform

    Comment by truthman

    When the “Fed” puts money in to circulation, where do they put it? Who is the beneficiary?

    The government and branch banks get the first issues. When you hear the government say we have allocated 500 Million in new money for haliburton’s military contract, they reall mean “new” money.

  • pockybot

    I give a big salute to Aaron Russo, just saw Freedom to Fascism and am quite glad this is coming to theatres.

    It also rocks Russo is a 9/11 truther, check out this video interview where Russo totally exposes the truth of 9/11:
    http://video.google.com/videoplay?docid=-2947267143366647266&q=aaron+russo

    Also I highly reccomend as a companion to Freedom to Fascism “9/11 Press For Truth”, featuring the Jersey Girls and former CIA operatives: http://video.google.com/videoplay?docid=-1016720641536424083&q=press+for+truth

  • Jack Spencer

    “I place economy among the first and most important virtues, and public debt as the greatest of dangers….(approaching 40 trillion at last count) …we must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them they will be happy.”
    Thomas Jefferson

    Article 1, section 8; (5) To coin Money, regulate the Value thereof, and for foreign Coin, and fix the Standard of Weights and Measures

    “I place economy among the first and most important virtues, and public debt as the greatest of dangers….(approaching 40 trillion at last count) …we must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them they will be happy.”
    Thomas Jefferson

    Article 1, section 8; (5) To coin money Money, regulate the Value thereof, and for foreign Coin, an

  • http://www.supportthetruth.com glowform

    There is really good lecture made on how our money system works called “wheat reciepts” which can be heard at:
    http://www.supportthetruth.com/fullAudio/005wheat.mp3
    very much geared for the average person to be able to understand things like the IMF. It really helped me understand what a federal reserve note really is.

  • b dean

    the fed prints money at the behest of the banks that request the funds. the banks pay for the printing of the money, not the value of the money printed.
    the banks can only do this if the fed approves these transactionas though. the fed decides how much money is printed, thus they CONTROL inflation and deflation.
    the banks “buy” the money from the fed so they can loan you the principal worth, say to buy a house. the principal is how much is printed on the money, however, not how much the banks pay for it. you also have to pay interest.
    what I’m saying is if makes no difference what is printed on the money bought from the fed by the bank, they still get to charge you the principal plus interest. do you see the scam?

  • a far smarter Mark

    you know, i’ve been making my living off of currencies and other financial markets for longer than you’ve known how to spell your name…all i can say is that you’re an idiotic child without a clue about how the financial system operates…send me a postcard when you get some real world experience and stop spouting irrelevant drivel that you pulled out of a book.

  • John Cullison

    Can anyone opposed to the movie’s message actually form a cogent argument?

    Are ad hominem attacks and name-calling and appeals to (themselves as) authority all they can muster?

    Pretty sad.

  • Julian

    There are way too many “experts” here. Some say they have spent thousands of hours reading books, thousands of hours interviewing hundreds of economists, etc. Let’s see, how does that break down?

    2000 hours divided by 40 hour work week equals 50 weeks or 1 year. Now I don’t believe hundreds of economists were interviewed either. It is easy to deflate some of the lies spewed here. I also don’t believe most, if any of you have the credentials you claim. It is too easy and convenient to lie when being incognito.

    I want real substance, not bullshit.

  • Mark

    #93 said:
    “you know, i’ve been making my living off of currencies and other financial markets for longer than you’ve known how to spell your name”¦all i can say is that you’re an idiotic child without a clue about how the financial system operates”¦send me a postcard when you get some real world experience and stop spouting irrelevant drivel that you pulled out of a book.”

    Thats great, anybody can say that and many do. But, I have yet to see you offer any evidence that you know as much as you say you do.

    What address do you want the postcard sent to? The bookstore has really nice postcards, I think you will be pleased.

  • Paul

    Trouble with a weak dollar for the US, Mark, is that a hell of a lot of us non-Americans wouldn’t touch something made in America, not just because of the expectation of crap quality but because of the principle that anything we buy from America repatriates our money back there. And we don’t want to give you lying murdering bastards anything at the moment.

  • dave up north

    Mark,

    Has the Federal Reserve ever been audited?

  • Olatunji

    For those who say the Federal Reserve Banking system is a part of the Federal Government, I suggest they read Article 1, section 8, clause or provision 5, which states:
    ” Congress shall have the power to coin money and regulate the value thereof… ” Also,read Article 1, section 10,wherein it states : ” No state shall make anything but gold and silver coin a tender in payment of debt…” You might also want to read the case of John L. Lewis v. The United States 680 F.2d. 1239(1982)wherein it states on p.1240: ” Examining the organization and function of the Federal Reserve Banks,and applying the relevant factors, we conclude that the Federal Reserve Banks are not federal instrumentalities for purposes of the FTCA,but are independent, privately owned and locally controlled corporations…” Furthermore, the Court said, “…The fact that the Federal Reserve Board regulates the Reserve Banks does not make them federal agencies under the Act…” Read ” Federal Reserve Conspiracy”

  • bookie

    I remember when 3 mercury dimes got you an all day pass to a theatre. I remember when one mercury dime and five copper pennies bought a large popcorn and a huge coke to weather that day. I remember 19 cent a gallon gas. Is it that all this is more expensive or that the money is just worth less? You decide.

    an old fart with a memory cause he don’t drink aspartame in soda.

  • DWilson

    I think this was an important film to be made, and a lot of the arguments were very thoroughly researched.

    My issue with this film isn’t in the content – I just thought it was a poorly-made film, and a lot of times particular arguments would have come across a lot more effectively if the material had been handled in a more skillful way.

    Pity.

    What made the Moore docos so effective was the skilled production/technical team – hard things are a lot easier to swallow whem they’re in a glossy package, and I feel the amateurish elements to this particular films production are going to alienate some viewers who notice this lack of quality, even if only on a subconscious level.

    Good/important material whipped into a shambles of a film – I wish they’d made a better job of it, and perhaps this subject matter would end up reaching a much wider audience.

  • Dirtpatch

    Reverting to a gold standard will not keep the elite from stealing wealth. Reverting to a barter system is the onlly way to do that. I’m a carpenter, your a farmer, i need wheat you need a barn, easy trade. very simplified version. where do “economists” like mark fit into a productive trade scenario? Mark and his ilk HAVE to prop up the current money system. Or else theyd be out of a job. Do you expect mark to denigrate a power structure he relies on to surive? Not likely, thats why, when an economists does tell the truth, they are labled “courageous”. It is so far out of norm for “economists” to tell it like it is, that the simple fact of telling the truth garners them respect. Im not speaking to all economists, just the widely published ones. One thing i find odd, Mark portays himself as a scholared man, but resists any change of thought or dissenting opinion.

  • Mark

    re: Dirtpatch

    Please enlighten me, what is this “truth” that economists rarely tell? Sounds interesting. Tell it “like it is.”

  • Dirtpatch

    Money is both a medium of exchange and a store of value. The main swindle occurs when money becomes just a medium of exchange and is no longer an effective store of value. Money can continue to circulate and be used as a medium of exchange, but it becomes worth less and less in terms of goods that it can be exchanged for. Fiat money is used to accomplish this objective for those who seek a license to steal.
    This is a small excerpt from an article by mark davis, which can be found here.
    http://www.strike-the-root.com/61/davis/davis1.html

    There are many truths to be told, that rarely are.

  • Mark

    “The main swindle occurs when money becomes just a medium of exchange and is no longer an effective store of value.”

    This line is unclear. In the literal sense the US dollar is an effective store of value, in the short term. In the long term, this is right, the US dollar is not an effective store of value.

    “Money can continue to circulate and be used as a medium of exchange, but it becomes worth less and less in terms of goods that it can be exchanged for. Fiat money is used to accomplish this objective for those who seek a license to steal.”

    As others have already said, in a commidity based system, when gold production grows, money supplies increase leading to inflation. And vice-versa, a fall in gold production leads to a fall in money supply and leads to deflation.

    What am I missing here?

  • Dirtpatch

    Apparentlly a lot. in a commodity based system the inflation is real, more gold(or whatever) so the price of goods inflates to reflect that. but the purchasing power is the same. With the fiat system, money is being lent that has no tangible savings to back it, its an artificial inflation, so the purchasing power drops with each inflation spike.

  • Dirtpatch

    This line is unclear. In the literal sense the US dollar is an effective store of value, in the short term. In the long term, this is right, the US dollar is not an effective store of value. to qoute mark.

    Please tell me what you mean by short term? if i put what i make in one week in the bank, then pull it out after a year, it will buy me 4 percent less than it would have when i put it in. one year is pretty short term. how is that a good store of value?

  • Mark

    How does inflation in a commodity system not lead to a drop in purchasing power.

    In both cases, $10 or X amount of gold will get you so many bagels in exchange. With inflation, your $10 or X amount of gold will get you less bagels because the price of bagels has increase.

    Whats the difference?

  • Mark

    “Please tell me what you mean by short term? if i put what i make in one week in the bank, then pull it out after a year, it will buy me 4 percent less than it would have when i put it in. one year is pretty short term. how is that a good store of value?”

    Commodity money will not protect your wealth from inflation. It only creates uncertainty about what the value will be one year from now. Uncertainty creates risk, which drives up the cost of borrowing money, which stifles business investment, and output declines as a result.

  • Dirtpatch

    I cant beleive that some one who professes to have or be close to getting an economics degree cant understand the differance between the relative inflation of a commodity based market due to an increase of the general commodity, and the artificial increase that results in the lending of fiat monies that do not exist.
    the purchasing power of the commodity money stays approximatly the same because there is more of the general commodity. ok, week one of our new community, we each have ten gold coins, you sell bagels for 1 gold coin, miner bob digs up enough gold to make 30 gold coins, you have 3 bagels one for me , you and miner bob, bob decides that he wants all three bagels so offers you 2 gold coins each, you see that you can now get 2 gold coins for each bagel, i onlly have enough for one bagel, so i raise my prices to build a barn so i can buy your bagels, miner bob is more than willing to pay my raised prices because he has more money than he used to.

  • Dirtpatch

    well now, because there is more gold in the market than there used to be, we all charge more, thats relative inflation.in the end, im still getting the same amount of bagel for the same amount of work.

  • LOL Mark

    “Elle, I will have a degree in Economics in the spring when I graduate. So do me a favor and please don’t buy Russo’s crazy theories at face value. Your wealth is better protected now than ever before.”

    Woa dude you are a gonna get a BA in economics in the spring?? Whats that, like a year from now? Woa, this guy has about 100 college credits and probably about 40 are economics related! WOW guy! You must really know your stuff!!!!

  • Dirtpatch

    Look, we all have been bashing mark, all i can say on the subject is this, as brainwashed as he is, coupled with the fact that he refuses to admit error, just leads me to beleive that G.W. bush will probablly appoint him to a minister of economics cabinet spot the second he graduates. but all kidding aside mark, maybe people in this comment section would warm up to you, if you told them a funny anecdote about yourself. OOOHH I KNOW!! DUDE!!! tell them about the time you got drunk and had “property of karl rove” tatooed on your left ass cheek.

  • The Reverend

    This might be a bit simplistic, but maybe it will help some of the ‘less educated': Let’s say that there are 100 Babe Ruth baseball cards in existence. Let’s also say that, because they’re so rare, they are worth $1 million each. Their value is based upon their demand. Now, let’s suppose that another 500,000 cards are found in the printer’s vault and put into circulation. What’s a Babe Ruth card worth now? The value is significantly reduced, due to flooding the market. The same is true with dollars. When dollars are produced out of nothing, their value is decreased accordingly. This is what the Fed has done, a trillion times over, and over again. They have flooded the world market with dollars that have become virtually worthless. How long will other countries continue to hold bonds that are backed by this worthless paper? Let’s face it. The Fed, as well as Congressional borrowing, have inflated us well into bankruptcy. The end cannot be far off.

  • http://nil Billy Guttenberg

    I see your calling yourself, Mark?

    I thought I told you to go to Holland!?

    Billy G

  • Dirtpatch

    Nothing wrong with simplistic, they (the fed reserve) have intentionally convoluted thier scheme to make it near impossible to understand. of course they have, its like the witch doctors, one of em a long time ago discovered a plant that contained what we know as aspirin, they could give the dried plant to a patient and it releived pain, simple as that, but to retain power over mens minds they cam up with elaborate “ceremonies” that had to be performed , the only thing that helped the pain was the aspirin, but the simpletons didnt know this. same basic principle here. People,, every chance you get, barter. graphic designer? layout and produce fliers or business cards for that handy man instead of cash trade, for him lighting your furnace. more people are willing to do this than many think. just ask. start a barter group of your peers. a reletively small percentage of people doing this could make a big change.

  • kram

    Mark sez: “One might think that dollar depreciation = BAD”

    Yes, Mark

    Working all day to earn enough to buy a loaf of bread = BAD

    Let me guess, you’re the son of a money changer?

  • http://nil Billy Guttenberg

    This sad individual here, known as Mark, hides behind different labels. Go to the site WHATREALLYHAPPENED , archives August 27th, look for title: Then, They Came for the Professors. This time Mike hides behind the name, Alex. We had alot of fun playing with this idiot’s ego and he bails out the minute Riverman, [at the 2:46PM], sums it all up. The presentation and style here are identical. Like using other peoples quotes before, he/she?, drives with a weak point.

  • Dirtpatch

    Mark, and all others who extoll the virtues of this monetary system.
    Why is it that every year i am expected to do more, but my dollar is expected to do less?
    Why is it that every year i see more and more people losing thier homes, but i see more and more banks popping up?
    Why is it that, by your logic, inflation is driven by more money, yet over 90 percent of people only get a yearly standard of living wage increase that equals half the rate of inflation? (also note the 90 percent number reflects people that are lucky enough to get a standard of living increase at all many,many don’t)
    why is it that most consumables produced in the states, dont reflect production technology, it costs about half to produce an ear of corn now, than it did in the late 70’s, why arent these costs savings passed on to the consumer?

  • Mark

    re: dirtpatch

    The problem with the situation in #109 is that you are assuming that you can raise your price of building barns enough so that you can buy the same amount of bagels with more gold(because of inflation).

    If you make that assumption then its only fair you make the same assumption in a fiat economy. If prices of bagels go up and my wage goes up the same amount then viola, same damn thing.

    You could make the case that inflation rises faster than real wages in a fiat system compared to a commodity system. I can’t wait for that.

    #118
    Do you have a source for that 90% of people? The monetary system has nothing to do with inflated corn prices due to subsidies and tariffs on imported corn. Imagine how cheap it would be if we could freely import it from Brazil. Until you understand what The Fed does and does not have control over you will never appreciate the points I make.

    http://en.wikipedia.org/wiki/Federal_Reserve_System

  • Mark

    re: The Reverend

    “Let’s say that there are 100 Babe Ruth baseball cards in existence. Let’s also say that, because they’re so rare, they are worth $1 million each. Their value is based upon their demand.”

    The value of the dollar is also based upon demand. (Imagine that)

    As I explained earlier, a gradual decline in the demand for the dollar would boost US exports and domestic sales. However, a sharp decline in the dollar could indeed be damaging. But sorry, no doomsday.

    Theres no reason to beleive that the marginal decline in the demand for the dollar will bring the worlds largest economic powerhouse to a screeching halt.

  • Ken Hall

    As I see it, the biggest problem with an economy based on fiat ‘money’ issued under a system of usery is that is that all the money in circulation is debt that ultimately cannot be fully repaid. EG, I create a new currency called the K note. I lend you 100 K notes @ 10%, you now owe 110 K notes. Only 100 have been lent into circulation, so you are endebted to me forever, I can now take whatever the loan was secured on from you.

    Ok this is a massively simplified version of what is actually happening. The FED lends money (created at the click of a mouse) into circulation via the Government and the first issuing banks, at interest, but, they do not create the interest.

    The whole system is designed from the outset to exchange their worthless fiat money for your tangiable wealth; your homes, your businesses. If the interest that the system demands be repaid, is never created in the first place, How can the capital amount + interest ever be repaid? They OWN you.

  • Simon Wilson

    Ken, that is simplified but is correct, all money in a fait system is created from debt. In fact without people getting in to debt, the economy would be in real trouble.

    I don’t know what Russo states in the film, I have not seen it, I was sent this link from one of my students. I do lecturer about how fait money system works and it does surprise almost everyone.

    I do not think the gold standard is a panacea, the problem is when governments need money they change the standard. Lets take a simple example and say 1oz of gold is $10, if the government needs money (for a war for example) they just change this to 1oz of gold is worth $20. Research this; it’s been done in the past.

    Back to the debt issue, if the economy is fuelled by debt, who here thinks this is sustainable? This is why fait economies tend to have boom / bust cycles. As the US dollar is a world reserve currency, it has been insulated somewhat but if that were to change, there would be real trouble.

  • Simon Wilson

    Ultimately this issue is as simple or as complex as you wish to make it. You will see a lot of people who deal with economics try and complicate it greatly; this is an attempt to keep people away from exploring the issues. Be wary of people who will try and draw you away from the simple fact:

    The Federal Reserve is privately owned.

    Knowing this, its name alone should make you question why it is hiding behind the pretence of being a federal entity. In fact on the surface, its structure that would lead the general population to believe that is the case, such as the figure head being appointed by the president. Yet, it is a privately owned, for profit corporation. You should also question why is it that the owners wish to remain secret and why the fed is specifically structured with this secrecy in mind. Could it be that they are worried about something? Maybe the population finding out exactly what they are doing?

  • enemy of falsehood

    @ 122 – you said “As the US dollar is a world reserve currency, it has been insulated somewhat but if that were to change, there would be real trouble. ”

    That’s exactly the point people have been trying to make to Mark, I don’t think he’s got to the International Finance and Trade classes yet to understand this.

    The current saving grace for the US is that the foreign holders of US debt know they will precipitate a catastrophic fall in the value of the dollar were they all to diversify their reserves away from dollars in tandem. This is no good to them either as it essentially crystallizes their loss instantly when repatriated into their home currency. They also realize however that as more time passes, the more the value of their US holdings declines relative to their home currency. They are not going to let the US inflate it’s way out of trouble at their expense. Would you Mark?

    When you see momentum gaining for pricing oil in euro’s, you know the end game is near for the $.

  • dave

    I got to look earlier than I thought! To truthman about gold. The reason people are gold bugs are that it is a natural money that has maintained it’s purchasing power over the centuries. It is scarce, durable, recognisable, and divisible. Man, over the centuries tried all sorts of commodities but gold and silver won out as the most suitable. That is not to say that paper money cannot possibly work but it’s issuance must be strictly controlled and that is what the gold bugs would say is impossible due to human nature (especially politicians)
    The gold standard forced a discipline on governments and naturally corrected trade imbalances as the money supply in the deficit nation contracted forcing them to sell more and buy less (terrible oversimplification!)
    We are 35 years into our present global fiat money experiment, since Nixon closed the gold for dollars window. It will be interesting to witness what happens over the next few years. I hope it will not be catastrophic. Who knows?

  • Begeegs

    I noticed that people are talking about how dollar depreciation might be a good thing because our goods overseas will be cheaper to buy. The problem with this illusion is that ot overlooks that fact that the manufacturing section of the US is shrinking and we don’t have alot of goods overseas anymore….

    From a WTO perspective, this is a great thing because it will effectively kill off the high US cost of living and make it more attractive for businesses again. The bad thing is it will take another 10 years or so for this to happen.

  • Peter D

    The real issue, the real swindle, is fractional reserve banking. It is a licence to print (or electronically create) money. And for some unknown reason, the licence to print money is not given by the people to the government, instead it was given by the government to the banks – ie the representative of the people gave this right to private interests. So these private interests, out of nothing, create 10 times as much money as they have in reserves, and loan it out at-interest. This is the real swindle.

    I will be disappointed with the Russo movie if he doesn’t address this issue.

    Watch “The Money Masters” video

  • http://griho.udl.es/catala/equip/colab/naval.html Enric Naval
  • http://griho.udl.es/catala/equip/colab/naval.html Enric Naval
  • Michael T

    The mainstream media and attached conglomerates are trying to keep any independent works from making money. They have restricted ‘Freedom to Fascism’ in a similar way that they pulled the book “America Deceived” from Amazon and Wikipedia (who actually admitted it). The gatekeepers hate to see the new forms of media (indy) taking over. Expect more of the same as censorship runs wild.
    Support indy media (despite those SOBs)
    Final link (before Google Books caves to pressure and drops the title):
    http://www.iuniverse.com/bookstore/book_detail.asp?&isbn=0-595-38523-0

  • http://tyrannyalert.com Ross

    Mark said:

    “Elle, I will have a degree in Economics in the spring when I graduate.”

    If you graduate – then you too will qualify to have one of the 110 differing opinions on economics in a room of 100 economists.

    Mark said: “Your wealth is better protected now than ever before.”

    Yes, but unfortunately, by means of the careful expansion and contraction of our economy, my wealth lies in the hands of the 1% of the population that are rightly called the “super rich”. However, I do sleep better knowing they will care for it much better than I ever could.

  • Mark

    re: Simon

    “I do lecturer about how fait money system works and it does surprise almost everyone.”

    “In fact on the surface, its structure that would lead the general population to believe that is the case, such as the figure head being appointed by the president. Yet, it is a privately owned, for profit corporation.”

    Wikipedia:
    “Each privately owned Federal Reserve Bank and each member bank of the Federal Reserve System is subject to oversight by a Board of Governors (see generally 12 U.S.C. § 248). The 7 members of the board are appointed by the President and confirmed by the Senate.”

    So why do you only mention the Chairman[or figure head as you call it] being appointed by the president?

    Again, The Fed gives all profits, amounting in billions of dollars, to the treasury.

    I am curious, where excatly do you lecture and for what institution?

  • http://griho.udl.es/catala/equip/colab/naval.html Enric Naval

    For Michael T, about “America deceived”. I don’t know why it’s not on Amazon (maybe because it was published on a subsidiary of its competitor Barnes and Noble?), but I know a bit about Wikipedia and I can tell you that it was deleted simply because many wikipedians thought that it was an irrelevant book. See the discussion:

    http://en.wikipedia.org/wiki/Wikipedia:Articles_for_deletion/America_Deceived

    The web What Really Happened was also deleted from Wikipedia for the same reason, altought it was a closer call.

    In this case, censorship didn’t come from mainstream media and attached conglomerates but from random individuals editing at wikipedia who simply don’t give a ….. about 9/11 conspiracies.

  • Mark

    re Steve

    “FYI, Mark, inflation = tax.”
    Yup. I think we all can agree on that.

    “The money issuing power (the Fed) issues the money, and no-one else has that authority, so there is literally no-one else in the blame loop.”

    Yup, nobody besides the fed can print money.

    “Inflation is caused by the money issuers issuing too much money – and please don’t be so childish as to claim they don’t or can’t know they are issuing too much.”

    Yes, inflation is caused primarly by money growth. I don’t know enough to answer whether they are issuing too much. Economists debate that every day.

    “The Fed have doubled the US money supply every 10 years. This has diluted your money to a fraction of its original buying power”

    Yes, this has diluted the _value of currency_ to a fraction of its original buying power. But my wealth continues to grow at a real rate.

    What’s your point? All you did was rehash things know. Oh and please don’t be offended if I avoid your advice and stay in school instead.

  • enemy of falsehood

    I find it more interesting that shills like “Mark” are becoming more prominent on blogs/boards than discussions of the FED which we all understand to be the money scam that it is. The criminal elites are only afraid of 2 basic things – our multitude and our collective consciousness. Control the mind and you control the multitude. The increasing appeareance of shills and general censorship of non-conformist views is evidence that they are afraid they are losing control of the mind aspect, primarily because of the Net. The Net has become the most powerful dissemination of knowledge and non-controlled information in the history of our species, a tool for the masses to escape their governmental, educational and media induced slavery. Truly this is a gift from God for those that want to use it right. Another gift was His admonition in both Christianity and Islam thousands of years ago, before any recognizable modern money system existed, to avoid usury at all costs. Do we still wonder why?

  • Mark

    re Steve

    My point is that its better to have some control over inflation than to have it fluctuate based on the demand of a mineral. [Which fluctuates much more than the dollar]

    It has already been explained why M3 was discontinued. Why do you think it should still exist, and if you want it, then you can pay for it.

    I use wikipedia because its mostly accurate and convenient. I’ll quote my textbook next, but what good will that do since it is part of the brainwashing?

    “…important to its independence from the whims of Congress is the Fed’s independent and substantial source of revenue from its holdings of securities and, and to a lesser extent, from its loans to banks. In recent years, the Fed has had net earnings of around $18 billion per year. Because it returns the bulk of these earnings to the Treasury, it does not get rich from its activities.”

    _The Economics of Money, Banking, and Financial Markets_ by Mishkin

  • Mark

    “And if not for the Fed, there wouldn’t BE any inflation.”

    Thats not true, unless you are a strict Monetarist. Keynesian analysis demonstrates that a one-shot permanent increase in government expenditure results in a one-shot increase in the price level. If government spending increased continually, we could get a continuing rise in the price level.

    “And the M3 should still exist because it is ESSENTIAL, as a measure of inflation, to know how much currency is in circulation.”

    Essential? How does M3 help us in measuring inflation in ways that M1 and M2 do not. I’m open minded here, convince me and I’ll agree that M3 should be brought back.

  • Sandra Kallander

    I liked the soundtrack of the movie.

  • Mark

    “And again, if you are talking about measuring inflation by keeping track of the currency in circulation, then surely a measure of HOW MUCH currency is in circulation is essential?”

    M1 = Currency in circulation
    + Traveler’s Checks
    + Demand Deposits
    + Other Checkable Deposits

    We only need M1 to keep track of how much money is in circulation. So what about that M3?

    “The government wants to do something, it borrows money from the bank.”

    What bank are you referring to? Many banks buy treasury bonds from the US Treasury.

    “The bank will lend the government ANYTHING IT ASKS FOR, because it agreed with the government a long time ago that this would be the case.

    read “The Treasury – Fed Accord: A New Narrative Account” for an example where the Fed would not bow to the demands of president Truman to monetize the national debt.

    “This is why tax ALWAYS GOES UP, never down – because the interest on those loans only ever increases.”

    Actually a decrease in the interest rate lowers interest.

  • TallTom

    Hey Mark!

    As someone who received a BA in Econ 12 years ago…

    Other than the most basic stuff, they are mostly teaching you lies. Neo-Classical Keynesism is about all they teach, and they teach it as pure truth. It isn’t. Its a bad experiment coming unravelled before our eyes. I came out of school believing that nonsense. The real world set me straight really fast.

    I remember profs brushing aside a gold standard…how a “flexible” currency is so much better…blah blah blah. I also have since learned all the things they DIDN’T teach me…like all the things the FED was supposedly formed to control (stable prices, eliminating booms/busts, etc.) are the very things they actually cause. Nevermind the criminality.

    You’ll learn way more in one issue of The International Forecaster than you will in an entire expensive college education. The publisher will forward you a complimentary copy. Contact him.

    Enjoy the rest of school. We’ll all meet you in the real world next Spring!

  • enemy of falsehood

    Save your breath with “Mark” Steve, he is either an unwitting victim too of the system or he knows exactly what he is doing. For your sake Mark, and I mean this honestly, I really hope you are the former rather than the latter for you will pay a price you cannot bear. Those who lead others astray will share a proportion of the sins of those they led astray, as will these criminal’s eventually. The Fed is a diabolical system which needs to be dismantled as do the other Asian and European Central Bank systems which all form part of the system. This is nothing but a system designed to enslave people. If it the purposes were simply to become rich, they would just print their “money” for themselves instead of lending it to governments. Ask yourself, why bother to gain assets as some would assert when you can just print the value of the assets yourself? No, the true purpose of seizing the assets through the backdoor is to concentrate POWER, the money is just a means to that power.

  • dave

    Hi guys, for anyone interested and not in the know, John Williams runs a website called

    http://www.shadowstats.com/cgi-bin/sgs?

    where he “honestly” calculates statistics that the US government fraudulently calculates like the CPI and GDP.

    He also has a method of reproducing M3. See

    http://www.shadowstats.com/cgi-bin/sgs/data

    A discussion of the decision to stop reporting it is at

    http://www.shadowstats.com/cgi-bin/sgs/article/id=712

  • Ku Shin

    More films such as this one need to be made. Theaters should be showing this truth-on-film constantly. People need to wake the hell up and realize how close we are to a militant dictatorship. The sad fact is that most Americans (or at least a large percentage) are in complete denial of the possibility.

  • Taco_Lover

    Damn, i wish i had some tacos right now. remember when the border was open and it was easy to run down to tj, go to a donkey show, buy some drugs and scarf some awesome tacos? seriously a couple zanax a liter of magaritas and some sweet ass tacos is what i need right now…

  • http://www.deived.com Deived

    I really enjoyed the film. My only gripe was that he seems to get a little conspiratorial at the end. While it might be true, I hope people aren’t turned off by that.

  • Bad

    Wonder what fascism got to do with it… Probably is the term that looks like a cultured version of nazism… I wonder if the guy who made this documentary knows the difference (which is a good start…)

  • http://www.whatreallyhappened.com Brian

    At the end of the day this is ANOTHER weapon of mass distraction. Lets get down to the root cause. Multi generational bloodline crime families own and operate the banking systems and must be stopped. They must be removed from power or this will never end. Discussing anything else just plays right into their hands. The longer they can have us arguing and discussing, the longer they can stay in control and figure out a way to dominate all of us once again. They know their time is short and they are trying their best to recover their positions of power before they lose everything. Time to get at the root cause of ALL this and remove it.

  • http://www.cnn.com DarthJewdi420

    Elle, Do not worry. Go back to sleep. Your fortunes are secure. Nothing could POSSIBLY happen to the US economy. You have it on good authority: Mark will soon have a degree so he should know. I mean, when are the experts ever wrong? (And if you have any money left I have a bridge to sell you ;-)
    Come on, people. Do I need to have a degree in fire prevention to know better than to start a fire in my livingroom to roast marshmallows? A person would need to be an absolute fool, regardless of their level of education, to believe that a value of .04 for the US dollar is a GOOD thing. Yeah, that Mark guy is a genuine expurt:
    Ex = a has been
    Spurt = a drip under pressure
    By the way, Brian is correct: The value of Gold is almost completely static.
    Also, God advises us in the Bible to BUY gold. Do you want to take advice from the economist or from God? Just a thought.

  • Olatunji

    Mark, I’ve still not seen your response to what I’ve said (#98) concerning Article 1, section 8, clause 5, and Article 1, section 10, as well as, John L. Lewis v. The United States 680 F.2d.1239 . Mark,after studying what I’ve said above,you must read the book entitled, ” The Federal Reserve Conspiracy ” by Antony C. Sutton . If you are honest, you’ll acknowledge that what is being is true. I’ll end by saying, ” When a man or woman who is honestly mistaken hears the truth, he or she will either quit being mistaken or cease to be honest.” Mark, the question is, which one are you, one who will quit being mistaken or one who will cease to honest?

  • Todd

    Ok, so there have been–literally–hundreds and hundreds of fiat currencies throughout history. Each and every one of them has been worth exactly zero (or to be more accurate: they have been worth exactly as much as the veracity of those issuing the currencies–which is always zero). All of them fail, eventually and completely.

    Gold, on the other hand, has been a valued medium of exchange for millenia, never undermined except by those crooks who have swindled populations time & time again into falling for yet another fiat money ponzi scheme.

    Bottom line: whether or not crooks like it, the fractional reserve banking system is going down.

    —-

    Oh, and citing wikipedia is never advisable, because wikipedia has no credibility as an accurate information source. This is why government shills cite wikipedia so often–they know that the “pedia” part of the site is well under the control of their one-world socialist masters. Check here for more details:

    http://www.wikipedia-watch.org/