Money, Banking and the Federal Reserve

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Money, Banking and the Federal Reserve

Uploaded by: misesmedia
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Thomas Jefferson and Andrew Jackson understood "The Monster". But to most Americans today, Federal Reserve is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.
Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary new film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
Alan Greenspan is not, we're told, happy about this 42-minute blockbuster. Watch it, and you'll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie could change America.

Tags for this video: banking Federal fiat freedom Greenspan Liberty Mises money Reserve

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I am fascinated. ... ( 1 week ago by ok1jwc)

I am fascinated. What do you find so funny? If people would have listened to the Austrians like Mises, and Murray Rothbard we would not be in the current economic collapse. Austrian economics was the ONLY method that predicted this crash and warned people for years.
I guess you need someone to tell you that the big bankers and politicians are carefully looking out for YOU and not their own interests.
"There are none so blind as those who will not see."

stop acting stupid ... ( 1 week ago by PaharCuPai)

stop acting stupid Bumbgoblue ...
search the subject ... and ask somebody to explain "why" ..you are affected by this society ...at high level of damage

If you believe a ... ( 1 week ago by gergenheimer)

If you believe a gold standard would hinder growth of the economy, ask yourself - who is "growth" good for? In a stable economy with sound money, the average person would not need rapid expansion of the economy to attain a comfortable life. Rapid growth - based on mass consumption, easy credit and "flexible" currency, ultimately transfers real wealth from the bottom to the top. Look at the changes in Americans' economic lives in the last 100 years - more work with less wealth to show for it.

Let me get this ... ( 1 week ago by Bumgoblue)

Let me get this straight, the idea is to impliment a gold standard... which is widely blamed for '29 wallstreet crash turning into a decade-long depression. It would take control of our currency and match it to the supply of gold. Since we don't control the supply of gold, we lose control of inflation. A gold standard goes completely against what we know as keynesian economics. Since he's probably the 2nd most well-known economist behind Adam Smith, perhaps there's something to his "theories".

America will save ... ( 1 week ago by Vigatos)

America will save itself and the rest of the world will be inspired and will follow suit. One person at a time, will awaken to the message. And the evil secret societies will be dragged out and executed on international TV. And the world will move into the golden age of prosperity.

I'm all for going ... ( 1 week ago by gergenheimer)

I'm all for going against Keynes' ideas. The people who blame the gold standard for '29 are the same people who said we could hand out home loans to anyone with a pulse with no ill effects to the economy down the road. Market forces are like the forces of physics, they can be ignored, but they can't be denied. We WOULD have control of the amount of gold that gets monetized and gold would halt inflation. Inflation of the money supply robs people's wealth and allows govt. to grow like a cancer.

I agree. This ... ( 1 week ago by mokeIT)

I agree. This economic system based on rapid expansion and companies aiming to multiply their revenues no matter what... is like a soap bubble - colofull, shiny, expanding fast BUT you have to constantly supply it with "soap" and it can POP anytime

Nobody with half a ... ( 1 week ago by balazyksi)

Nobody with half a brain would deny that money 100% backed by gold would stabilize the economy. There would be virtually no recessions (good) but no booms eighter (bad). The question is wether fiat money or hard money allowes for more rapid growth in productivity, ie. technical progress. In the long run that's the only thing capable to enhance the standard of living. I don't think that anyone really knows the answer to that...

According to the ... ( 6 days ago by ericevans93)

According to the hero of the Federal Reserve, Alan Greenspan, a boom can be characterized as "irrational exuberance," so I don't see how not have booms can be characterized as bad. To an Austrian economist, a boom is just the harbinger of an eventual crash, and the boom can always be tied to so kind of government intervention. I could do without the booms and the busts.

just by watching 4 ... ( 5 days ago by fupasack2)

just by watching 4 minutes of this video i can tell that it is wrong. everyone should search for "money as debt" "and money masters".
you dont want a gold standard(its easily manipulated and as worthless as anything else). the federal reserve is only about 2 percent of the problem, the federal reserve ACT is the problem. everyone should just head on over to the money masters site and take a look at there monetary reform act. search for fractional reserve banking. thats the real problem.

i do. fiat money is ... ( 5 days ago by fupasack2)

i do. fiat money is just as capable as stabalizing the economy as gold is. as long as its dealt with properly. instead of private bankers creating our money from debt through fractional reserve banking, our money needs to be created by the u.s treasury. our president needs to be accountable for the amount of inflation we have. if he overspends and over prints we will know it immediatly because the economy will start to burn out.

with the president ... ( 5 days ago by fupasack2)

with the president being accountable we would know who to blame for our economic woes. instead of the media just saying "the economy is bad". well that the hell does that mean?? the economy is god damn fine! people didnt all of a sudden get lazy or stupid. the economy is our money. and since no one knows where our money comes from people just say "the economy". as if its some mystical electric current that controls americans.

the one thing ... ( 5 days ago by fupasack2)

the one thing americans must know is that the government DOES NOT issue and control its own currency. the government DOES NOT control our currency. our currency is issued and controled by PRIVATE BANKING CORPORATIONS. the federal reserve is privately owned and so is the rest of its partner banks and any bank it lends are grants money to.

To expect the ... ( 5 days ago by ClearFire1)

To expect the government not to take advantage of a monopoly of printing money is just plain silly. As long as they have control over our money, governments are always going to inflate through one tricky method or another. History proves this, read Edward Griffin's book. There is no accountability in government today, as much as we'd like to wish otherwise. It makes much more sense (is more safe) just to allow competing currencies.

The government has ... ( 5 days ago by ClearFire1)

The government has granted power to the private banking corporations since the government greatly benefits from the Federal Reserve set up. True the Fed started out as private banks, and then tricked Congress into granting them a government enforced cartel. The Fed is basically just another arm of the government, as much as liberals would like falsely label it a private institution.

Fupasack, you ... ( 5 days ago by ClearFire1)

Fupasack, you cannot tell its wrong since the first four minutes are just intro. I haven't watched "money as debt" in a while, but it has the same overall message as this one. Go read a book on the Fed instead of just watching these videos, you really don't seem to have a clue what you are talking about.

IF they did have a ... ( 5 days ago by fupasack2)

IF they did have a monopoly of printing money(which they dont right now, secret bankers do), it would be at a DISADVANTAGE for a president to go on a spending or printing spree. the current administration would be held accountable for the current economic situation. they would be accountable for the quality and worth of our money. if they want to be re-elected, not impeached, and not thrown in jail, they'd better keep us happy.

"The U.S. Treasury, ... ( 4 days ago by balazyksi)

"The U.S. Treasury, through its Bureau of the Mint and Bureau of Engraving and Printing, actually produces the nation's cash supply; the Federal Reserve Banks then distribute it to financial institutions." -wikipedia, about Fed
This is why Bernanke never takes the blame, when he's asked about the rate of inflation. Of course open market operations too affect the amount of money in circulation but don't forget that it's actually the Treasury that prints new money.

it doesnt matter ... ( 4 days ago by fupasack2)

it doesnt matter who physically prints the money, it matters who controls it and who creates it. Bernanke never takes the blame because the federal reserve is only about 2 percent of the problem. they only CREATE 2 percent of our nations money. the rest is debt money created from fractional reserve banking. no single person will ever take the blame because its private banking corps who create and control our money. blaming the B.E.P is like blaming the machines the money is printed with

Well, fractional ... ( 3 days ago by balazyksi)

Well, fractional reserve system in itself is not a problem. On the contrary, without it banks couldn't give credit to anyone. Everyone would need to agree on loans face to face. That would suck. The problem is the creation of new physical money (the high powered money is just an extension to that). The culprit is the one who actually desides to print new money. The system is so confusing that its hard to make out who makes the decision to print. Bernanke says that it's not him.

it would seem that ... ( 3 days ago by fupasack2)

it would seem that fractional reserve banking is superior to full but in reality its the exact opposite.
no ONE person just up and decides to CREATE or PRINT new money. new money is CREATED whenever someone takes out a loan and redeposites it. the people who print it only see the demand for new physical money and follow that. money is created almost subcontiously by citizens following a biased system that works against them. its not the decision maker its the system and the ones who benefit.

god forbid the idea ... ( 3 days ago by Serge808)

god forbid the idea of the value of a currency being determined by the market itself...that wuld mean governments couldnt finance their wars

I can teach you how ... ( 2 days ago by IvanKrstich)

I can teach you how to make money online with websites.
Really easy. Peace & Love & Light

Array ( 1 day ago by 007bruclee)

Misesmedia,
I think this video is great. THank you so much!!Please go to this link and watch the short but very infomative documentary called Meet the Fed. I'll admit the first 7 minutes might not interest you but after that is the Chicago Feds PR representative answering the questions like , is it true the Fed is private? Is it true they create money with a penstroke? ETC.. A must see if you want to know more about the FED.Here's the link.
(ht tp)://MeetTheFED(dot)com

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Money, Banking and the Federal Reserve