why did we leave england ?
anybody seen this shit ?
is this fucker crazy ?
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anybody seen this shit ?
is this fucker crazy ?best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck Yourself
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This appears to be a part of Zeitgeist the movie.. Good shit -
Yeah, it's from the Zeitgeist thing. So is this guy full of shit or what ?best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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Which part was untrue? Was his quotes of people untrue? No. Was the panic of 1907 made up? No. Was the federal reserve act made up by him? No. So please enlighten me on which part was "full of shit"? Specifically which part was full of shit and please provide links proving this.Comment
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Last edited by 2012; 09-30-2008, 02:40 AM.best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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this is one thing why for the past 8 years you have seen shit like you have never seen before... more people, more information available. They need to start doing things different and I think we've seen that ...best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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it's been a while since I studied Economics, but I'm pretty sure there's some use of misunderstood economics in there.
Nice bit of propoganda though!
I.Comment
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Is this bullshit or what. And WHY ?best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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watch the movie again if you need help ...best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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finally watched the zeitgeist movie few weeks ago, everyone should watch it and open their eyes. This part of the fed is exactly what is happening again right now. Exactly the same.Comment
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Economics 101.
This is all factual. Good movie, been around a while.
I studied all this shiz at uni, a real eye opener to a LOT of people.Comment
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Yes, but that education you took was meant to turn you into a worker(mine was too), not someone who questions the very foundation of the system, you were meant to work in.
The central bank system was fought alright, but to no avail. Today people are born into the system, grows up with it. Zeitgeist presents this reality where 'Average Joe' is a "victim", and a sucker. Most people's ego's can't deal with that, they prefer the reality where it matters that they vote for Obama, where the FED is some government organization which is just trying to help etc. etc.
No, these sheep mind themselves...Comment
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Never heard of stickyfingers.
A National Central Bank like the US Fed Reserve or UK Bank of England, does not "loan out" each note issued with an associated interest rate. Notes originated as "promisary notes" which are a promise to exchange the note for "money" , originally gold and silver. You would take your gold to the bank exchange it for a promisary note, (easier to carry!), then take this to "pay" for goods or services. The person excepting it would take this because they knew it was backed by the central bank and that it was supported and accepted elsewhere, and ultimately they could get the gold from the bank if they took it back there.
Theoretically you could take each note you have to your central bank and ask for it to be exchanged for that "money". As gold standard has been abandoned this would no longer be gold.
So the first premise this wee film is based on sort of invalidates the rest of the argument it tries to build.
I.Comment
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Never heard of stickyfingers.
A National Central Bank like the US Fed Reserve or UK Bank of England, does not "loan out" each note issued with an associated interest rate. Notes originated as "promisary notes" which are a promise to exchange the note for "money" , originally gold and silver. You would take your gold to the bank exchange it for a promisary note, (easier to carry!), then take this to "pay" for goods or services. The person excepting it would take this because they knew it was backed by the central bank and that it was supported and accepted elsewhere, and ultimately they could get the gold from the bank if they took it back there.
Theoretically you could take each note you have to your central bank and ask for it to be exchanged for that "money". As gold standard has been abandoned this would no longer be gold.
So the first premise this wee film is based on sort of invalidates the rest of the argument it tries to build.
I.
You still can exchange money for Gold, Silver, Oil, or other commodities7Comment
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BTW, that movie fails to mention that the FED repays most of the money back to the US treasury and that there are all kinds of limitations regarding ownership of the stock, etc.
While there is clearly a motive for banks behind fiat currency and central banks its not as drastic as the movie makes it out to be.
Also you can tie alot of things in the 1907 crash and all the others, etc.7Comment
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thanksNever heard of stickyfingers.
A National Central Bank like the US Fed Reserve or UK Bank of England, does not "loan out" each note issued with an associated interest rate. Notes originated as "promisary notes" which are a promise to exchange the note for "money" , originally gold and silver. You would take your gold to the bank exchange it for a promisary note, (easier to carry!), then take this to "pay" for goods or services. The person excepting it would take this because they knew it was backed by the central bank and that it was supported and accepted elsewhere, and ultimately they could get the gold from the bank if they took it back there.
Theoretically you could take each note you have to your central bank and ask for it to be exchanged for that "money". As gold standard has been abandoned this would no longer be gold.
So the first premise this wee film is based on sort of invalidates the rest of the argument it tries to build.
I.
best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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Ok, so how does the Fed Reserve stay in business without collecting any profit?Never heard of stickyfingers.
A National Central Bank like the US Fed Reserve or UK Bank of England, does not "loan out" each note issued with an associated interest rate. Notes originated as "promisary notes" which are a promise to exchange the note for "money" , originally gold and silver. You would take your gold to the bank exchange it for a promisary note, (easier to carry!), then take this to "pay" for goods or services. The person excepting it would take this because they knew it was backed by the central bank and that it was supported and accepted elsewhere, and ultimately they could get the gold from the bank if they took it back there.
Theoretically you could take each note you have to your central bank and ask for it to be exchanged for that "money". As gold standard has been abandoned this would no longer be gold.
So the first premise this wee film is based on sort of invalidates the rest of the argument it tries to build.
I.
Banks make money on loans.
If you want to loan some money to make some money would it be a good idea to just
print as much money as you want to loan and then loan it with interest?
It's kind of like a "no brainer" to print money and then loan it out.
So, I don't know how the Fed Res actually works but the above scenario makes
sense to anyone trying to get rich.
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best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck YourselfComment
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They operate on a very limited for profit bases and the stock is special and has restrictions in place.
The FED uses the interest rate to control money flow not to increase profit. I forget the exact numbers but I think 99.X amount of capitol acquired throgh FED rate is given back to the US treasury with the remainer budgeting the FED and paying dividend to charter banks who hold stock.
Therefore, the capitol collected through FED rate does not merit conspiracy theories based upon it.
However, one can argue that the FED can and has manipulated money flow in collusion with special interest groups but those theories for the most part aren't all that sound.7Comment
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