Bill Still : ....for the first time in history we have reached a state of debt saturation , the quantity of debt flooding around in all national money system is so great now that the interest is absolutely killing the economy , and unless Ron Paul addresses that he is not doing us any favors , ending the FED will do absolutely nothing because it is not the FED , The FED is just like the curtain in the wizard of OZ it is hiding the wizard and in this analogy the wizards are the big banks behind the curtain it is not the FED , the FED is just a big fake-out designed to make us think that we the people through our government , the FED is controlling the big banks when in fact it is not the case at all , I grow up in the DC area and in the DC phone book the FED is not listed in the blue government pages it is listed in the white private company pages private corporate pages under the very same page as the Federal Express , it got nothing to do with the government but everybody thinks it has something to do with the government and that is specifically designed to make people think that the FED is ultimately the problem when it is not , it is the big banks and their ability to create money out of nothing that is our problem that's hat we have to fix ...says Bill Still, the producer of the films The Money Masters and The Secret of Oz and the author of the book No More National Debt....ending the FED is a diversion
I admire this guy for being one of the first exposing the International Bankers. 'Money Masters' aka 'Capital Crimes' is excellent; however, I don't get him this time as if ending the Fed doesn't have to do with the stronghold the banks have and as if any of us didn't know the Fed is private... What gives? I do believe, however, in a gold backed currency; it just has to be done the right way.
ReplyDeleteBill thinks that the debt money system is the _only_ problem. He's wrong. Monetary system is more complex than that.
ReplyDeleteMoney should represent real and stable value - gold has those qualities. What corrupts gold standard are the legal tender laws forcefully imposed on the public by politicians.
Government has no right to force people to transact with each other in any particular currency.
Proposing that money should be printed by the government and hoping that they won't print too much of it is just naive, at best. Politicians can't be trusted.
They are liars and thieves, so entrusting them with the printing press is a sure way to utter destruction of the economy and the society. History proves that more than enough.
Wake up Bill, this ain't Wizard of Oz fairy-tale - it's real life.
The problem with the gold standard is, no one really knows who owns the gold and how much the United STATES government actually controls. Bill claims the IMF and World Bank controls the United State's gold, not the citizens themselves, some 73% of the worlds gold. So if we move on to the Gold Standard, the monetary powers will further consolidate into the few banks with the largest reserves.
ReplyDeleteMoney is a method of exchange, not a commodity to be hoarded. It should be used for the benefit of all, to keep products and services fluid.