Everyone should be required to watch this !

[Regis]

http://youtu.be/iFDe5kUUyT0




this puts the Fed Res and the entire banking process into laymans terms . And its too scary !

[bigguy]

Wow!  Thanks for the post.
Somewhere on this forum, I posted an explanation of how banks create money by using deposits to make loans. I remembered that much from my Money and Banking classes. But I didn't fully understand the implications of that process. Probably about two thirds of the information in that video will be taught in a banking class. The guy knows what he is talking about. I just never connected the dots. I want to do a bit more research before I start evangelizing this message, but episode 4 sure looks plausible.
If it's not true, I'd like to hear an explanation as simple and clear as to why.

[Regis]

I had no idea what this was , as far as the dangers we are facing as a society . Its real .

[specialdose]

Thanks for this post....Very informative+++Very SCARY!!!!

[BF]

And the 800 lb gorilla in the room.....the more the FED creates currency out of thin air, the more our dollar is devalued.  At some point, we're all gonna be paying 20 bucks for a loaf of bread.  

Perhaps some will remember a Saturday Night Live skit with Dan Aykroyd in which he plays President Jimmy Carter.......



Announcer: And now, a special message from the President of the United States.

[ dissolve to Oval Office ]

President Jimmy Carter: Good evening. On Tuesday, we Americans will have the opportunity to exercise our role as citizens in a free democracy. Yet, only a third of the eligible voters will actually cast ballots. The other two-thirds are, in a sense, very lucky. Because they do not know what's going on.

Last week, I delivered a message on inflation. Since then, the dollar has dropped in value, the stock market has sustained record losses, and the whole sow price index increased 0.9%. In other words, our economic system is screwed, blued and tatooed! We just have to face the fact that there is simply no way to fight inflation in a capitolly-intensive, highly-technological, conflict-riddled, anything-for-a-thrill world of today. That's why, tonight, I want you to try to look for in inflation, an entirely new word: Inflation is our friend.

For example, consider this: in the year 2000, if current trends continue, the average blue-collar annual wage in this country will be $568,000. Think what this inflated world of the future will mean - most Americans will be millionaires. Everyone will feel like a bigshot. Wouldn't you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would! But what about people on fixed incomes? They have always been the true victims of inflation. That's why I will present to Congress the "Inflation Maintenance Program", whereby the U.S. Treasury will make up any inflation-caused losses to direct tax rebates to the public in cash. Then you may say, "Won't that cost a lot of money? Won't that increase the deficit?" Sure it will! But so what? We'll just print more money! We have the papers, we have the mints.. I can just call up the Bureau of Engraving and say, "Hi! This is Jimmy. Roll out some of them twenties! Print up a couple thousand sheets of those Century Notes!" Sure, all these dollars will cause even more inflation, but who cares? Everyone will be a millionaire!

In my speech last week, I said that America would have to undergo an austerity program, but since this revolutionary new approach welcomes inflation, our economy will be free to grow, and we can spend, spend, spend! I believe the watchwords for the 80's should be "Let's Party!" And in that spirit, I'd like to say, "Live, from New York, it's Saturday Night!"




Using that Jimmy Carter skit as a reference, think back to 1978 and remember what the average pay check was, what the average car price was, what a loaf of bread cost then.......

Waking up yet?