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View Full Version : Whats your money worth??


EarthLoop
02-08-2010, 06:24 PM
This is an amazing video about the federal reserve. It's 45 min long so take some time and let your eyes be opened!!!

http://video.google.co.uk/videoplay?docid=638447372044116845&q=financial+meltdown&total=62&start=0&num=10&so=0&type=search&plindex=3#
jmac00
02-08-2010, 07:32 PM
ain't nothing amazing about the FOMC, it should be abolished........period :patriot:
EarthLoop
02-08-2010, 08:33 PM
ain't nothing amazing about the FOMC, it should be abolished........period :patriot:

I agree the amazing thing is that when inflation kicks in all is it means is your money is worth less not that products cost more...

Go buy you some gold and silver!!
jmac00
02-08-2010, 09:07 PM
I agree the amazing thing is that when inflation kicks in all is it means is your money is worth less not that products cost more...

Go buy you some gold and silver!!

Brass, primers and projectiles :patriot:
printer2
02-08-2010, 09:34 PM
Not really a groundbreaking video but he does have a way of holding a person's attention.

Fractional Reserve Banking.

http://en.wikipedia.org/wiki/Fractional-reserve_banking

The reason for the bailout, the $6T to the Fed. The reason for all the stimulus money being spent in the US and by all the other major countries in the world. Because all the banking is now so interrelated, now when the music stops it is not the one guy who ends up without a seat, everybody finds that there are no chairs left.

Actually I am being a little harsh. Places like India did well because their economy is not as reliant on the world, China did well because they have a stack of money they were sitting on, Canada because we had more restrictions on how loose the financial system here can operate.

And the moneymen in the US want to go back to the same rules before the downturn saying anything less will hamper growth. It sure does when you make money out of thin air. Now that we know how shaky our financial system really is they want to continue running it on the edge so they can suck what they can out of it before the next crash.

The whole system is based on us consuming more to fuel growth to pay for the difference between what is borrowed and what is owed. When we find we can not consume enough to keep up the growth (people borrowing to keep up consumption) we will have another crash but governments will not be able to borrow enough from our kids future to buy our way out of it.