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.
Money, Banking and the Federal Reserve
Posted by Mike at 1:49 AMPosted in Banking, federal, fiat, freedom, Greenspan, Liberty, Mises, money, reserve |
The Fed Credit Cycle and the quasi-return of M3 money supply
Posted by Mike at 2:48 AM
This episode was actually posted back in December 2006 but through some oversite it didn't make it to our YouTube Channel. With all the recent credit market woes back in the headlines again [the great credit crisis], it seemed especially apropos. Especially with all the subprime mess Apparently it's possible to extrapolate the current rate of the M3 money supply figures pretty accurately after all, even after the Fed decided to "de-emphasize" its role. Let's see what the current rates would have been expected to be, and what they suggest for the economy and the stock market... I also discuss the credit cycle and the effects of easy credit and leverage on the transfer of wealth.Notes/Extra Links/Transcript: com/vlog/moMONEY...For those interesting in learning more, you should also check out Aaron Russo's film (see com) - you can watch the movie here: video.google/videoplay?doc...Great MUST-READ article: "The Dow is Crashing" - com/fsu/edi...It's quite shocking how many young kids commented about why they should care about this. Here's my response:Why should a 14 year old be interested in the Federal Reserve??Because the Fed (NOT the government) controls the money supply - the value of the dollars in you and your family's pocket, which basically controls everything else... A 14 year old commented on my Fed Credit Cycle video about why he should care about this stuff and here is my response.This is exactly the type of video you SHOULD be watching if you want to understand how the world around you really works. You think you're going to learn this stuff in school? I understand you may be young, and while we have many videos that are entertaining for kids your age, we can only hope that some of these other videos will catch your attention as well and much better prepare you for the future. If you don't fully understand, ask your parents to watch, learn, and discuss it with you as well. Or, of course, you could end up having a different discussion in a few years when your family explains to you why they are not only broke, but in debt to the hilt and losing their house, and that car you were promised (and possibly even a nice roof over your head) is simply out of the question...And for those of you who just don't believe it's possible, or that it couldn't happen to you, just google "housing bubble" or "housing collapse".And to our UK friends who think this doesn't affect them yet... how's this for SCARY - it's the next step in the US as well: en.wikipedia.org/wiki/British_...Honors for This Video:#66 - Most Viewed (Today) - News & Politics#16 - Top Rated (Today) - News & Politics#98 - Most Discussed (Today)#12 - Most Discussed (Today) - News & Politics#13 - Top Favorites (Today) - News & Politics
Posted in bernake, cpi, Credit, crisis, debt, FED, federal, Gold, Greenspan, housing, Inflation, money, reserve, supply |
Ron Paul on Mad Money with Jim Cramer 12/14/07
Posted by Mike at 5:07 AM
Ron Paul speaks about the federal reserve with Jim Cramer. Both have been quite critical of the fed's actions and policies, perhaps for different reasons.
Posted in 200, Clinton, CNBC, cramer, edwards, election, federal, Greenspan, Jim, Mad, mccain, money, obabma, Paul, reserve, romney, Ron, tancredo |
Mo' Money, Mo' Money, Mo' Money
Posted by Mike at 11:35 PM
How Greedy Corporations Destroy the American Dream -- a short documentary that shows the foreclosure crisis affects everyone. Mo' Money tells the story of borrowers who were lied to and ignored by their mortgage loan servicers, and the people who are working to keep them in their homes. It also reveals how this disaster could have been avoided if regulators and government officials did not ignore predatory lending practices.
Posted in bubble, congress, Countrywide, crash, estate, Fannie, federal, foreclosure, Greenspan, housing, Mae, Mozillo, Real, recession, reserve, subprime |