Russo’s Documentary on Google Video

Awesome.

Kudos to Aaron and all the people that made this happen.

Just completed watching the film. It was entirely worth all of the hype!

South Dakota Libertarian and US House candidate Larry Rudebusch is running on an American monetary reform platform. After watching this film I am completely convinced that Larry is on the right track, that Congress HAS failed to occupy one of it’s most important and fundamental duties and that is to create currency and operate a national monetary system.

I will say this about America: Freedom to Fascism, the end dealing with the one world government (although I think it is important) began to put the film into Alex Jones territory.

i don’t think he’s running for any office. it seems that he once ran for governor of nevada and he attempted to get the nomination for president as a libertarian, but lost out. that needs to be confirmed, but i think that’s right.

NWO is true. Carrol Quigley, Bill Clinton’s yoda, wrote all about it. One of the Rockefellers also admitted to it in his autobiography. Plus, there is massive evidence. What are they going to call their loose affiliation? NWO.org? I don’t think so.

This looks like a GREAT Xmas gift! I’m going to back the truck up and get a few. It will be fun to rattle some Republican sycophants too.

I would say that this is a capitulation or admission that it won’t gain traction. Just like I said from the get-go. This movie MUST NOT be seen by the masses. And it won’t be, at least not through the normal channels.

This movie would have been much more effective if Russo focused on the real problem: Deficit spending and congress’s irresponsible spending.

I am also confused by Russo’s definition of a private entity. Would he consider the Supreme Court a private entity? Is any government entity that has presidential appointed officals (with senate approval) a private entity? Some might say yes, some might say no, but he needs more clarification on this matter.

The question is asked: “Why would the Fed Gov’t borrow money and pay fees on it when it can print it itself with no interest?”

1. Because Congress (and congress only) spends more than the gov’t takes in.
2. Because printing money creates inflation and people tend to not like that and because the Fed is required by law to maintain low inflation they(the Fed) just can’t do that.

The Fed encourages investment by controlling inflation and maintaining stability. Gold is deflationary. There can be no investment in a gold-based economy.

All you gold standard loons should just join the Amish and deflate into oblivion.

“Labor is the great cause of the increase of public opulence, which is always proportioned to the industry of the people, and not to the quantity of gold and siliver, AS IS FOOLISHLY IMAGINED.” – Adam fucking Smith

re brian g

In gold-back currency: Mining more gold = inflation
In fiat currency: printing money = inflation

Deflation is bad because you expect a raise from your job. Business’s need to be able to predict the cost of pay raises in the future. Deflation makes this hard, if not impossible to do.

Do you know how pension funds and insurance companies operate? You pay a premium in return for a reimbursement at some time in the future that exceeds the amount you paid in. The premiums you pay are invested in the stock market, bond market, etc. If you had no idea if your money was going to be worth more or less in the future then it would be nearly impossible invest it, it would just be a guessing game.

How would you feel if your house burned down and your insurance company told you “We’re sorry, gold has depreciated over the past 2 years so we don’t have any money to give you right now, come back later when the gold market is up”

Mining for gold does not create inflation in a gold-based economy, since the amount of gold entering the economy is equal to the amount of wealth created. That is like saying that getting paid on Friday creates inflation. However, a fractional reserve banking system would create more money than wealth when gold is mined (not that that is a bad thing, but the act of mining itself does not create inflation).

Considering Russo’s ignorance on basic tax laws, I’m not too inclined to see this documentary. He leans too much towards the Irwin-Schiff/Joe Bannister con-artist side for me to take him seriously.

I loved the soundtrack.

spain imported a lot of imperial gold at the time. along with excessive state debt, they declared bankruptcy twice.

To clarify…yes inflation can occur in a gold standard, but not from the act of mining gold. Inflation is the growth of the money supply at a faster rate than the growth of wealth. If I find $100 worth of gold, the money supply has increased by $100 and wealth has increased by $100. Fractional reserve banking practicing, where banks loan out more money than they have wealth, does create inflation. That is how inflation occurs during a gold standard.

Gold has a lot of intrinsic value. It is used for jewelry and in many other industries (computers for one). Would the folks on LOST want copper? No, but that doesn’t mean that someone else doesn’t value copper, say a business that makes cat5 cabling.

Gold is worth what, over $600 an ounce? How can one claim that it is not valuable. That statement boggles the mind!

Deflation, like inflation, benefits some and harms others. For a good example of the benefits of delation, look in front of you at your computer monitor =)

self described libertarians defending the “federal” “reserve”? … awesome. the fed’s a the tool of the fractional-reserve banking system to put cash created out of nothing into the economy. once deposited, a bank can loan up to 9 times the amount with a flick of a pen while collecting interest. it’s an age-old trick, and although russo over-simplifies the issue for the audience – he’s close enough.

these major banks wrote the legislation that regulates their own industry (for the “common good” of course). russo is an individualist. the “dumbing down” and “conditioned to… love credit” lines in the film were meant to demonstrate how much influence these institutions have in shaping mass-popular opinion. most people think the new deal saved america. go figure.

gold/silver have held their value quite well over the centuries. paper currency with no actual commodity backing is a scam upon the “free” people of the us (and world). but ok, keep supporting the business cycle.

I thought the movie was good but to short. Gold may not be the way to go, I would have concede that. If the goverment that is in servatude to the people issued money that would be much much better.

The Rockafeller’s familys own words and other famous banking famalies words are enough to damn the private banking systems from ever being entrusted with this type of power (printing money).

To bad we allow it. Oh well, back to picking the cotton and argueing ’bout gold. Just be sure to shush now when Master comes ’round.

I will not acknolwedge that the fed gov hasn’t fucked up everything it touches. To imply it has gotten some things right is absurd.

Please prove me wrong and tell me which gov programs since FDR have been successes and I investigate these programs. If they be true successes I will bow down to undercover_anarchist, worship at his feet, hand over my first born and willingly perform sexaul favors upon demand.

Easy, David. The Federal Reserve. It has presided over the greatest era of prosperity in the history of civilization.

Secondly, World War II. Fascism was defeated, at least for the time being.

Third, the Civil Rights Act.

Fourth, the interstate highway system.

Fifth, the GI BIll.

I could go on and on.

It doesn’t mean that these things are “libertarian” or “moral” or even “worth it,” but they achieved their objectives.

If you suggest that the government has never made any situation better in the history of government, then you are living in a loony fantasy world.

A competing field of commodity-backed currencies and privately issued bank notes would be more “free” and “moral” than the Fed system. But we would also be living at a pre-WWII standard without the Fed. If you disagree with this, then you don’t know anything about markets. That’s the real problem – “Libertarians’ understand economics about as well as Democrats do.

Thank you UA for some starting points. I investigate each of the five items you have listed and report back if they have succeded in the goals that were put in place at the inception of each of these programs.

Tis true, I know very little bout them Markets. But one does not have to have the insight of DiVinci to see that our current system has not made indiviuals better off, standard of living wise, then pre WWII. Before you go off on a tangent, UA, about how people make more per capita then pre WWII, this was just a small portion to the whole concept of standard of living I was implying.

Yes, I make more then my father (I am a fluke, most people my age do not make more then thier fathers, inflation adjusted) but I also work longer hours per week, less vacation time and can be “reached” at any time 24 hours a day 365 days year. My Blackberry is my slave chain and collar. Better standard of living? No, but I do make more.

Anyway, to the research!