Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Friday, October 10, 2014

Canadian Banking Fraud? See What This 12 Year Old Girl Knows.




Amazing video.  This 12 year old girl knows more about world banking and finances than most people will ever understand because most people do NOT want to know what is really happening.  She talks about the Canadian banking system, however, it applies to just about all banking systems throughout the world.  Think the US is any different?  No way.  There are some interesting arguments on the comments of the video.  It's amazing how many people have no clue and will argue to no end on issues they simply do not understand.

  One area where agreement is made, this 12 year old seems rather well trained.  Does she actually understand what she is saying?  It's a tough question.  Is paper money actually a debt?  Well if you read the wording on paper money, then you will quickly realize that it is in fact a debt and not a currency.  Coinage is a currency.  Paper money is a debt.

Federal Reserve Notes are the only type of U.S. banknote currently produced.[1] Federal Reserve Notes are authorized by Section 16 of the Federal Reserve Act of 1913(codified at 12 U.S.C. § 411) and are issued to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System.[2] The notes are then put into circulation by the Federal Reserve Banks,[3] at which point they become liabilities of the Federal Reserve Banks[4] and obligations of the United States.[2]

Federal Reserve Notes are legal tender, with the words "this note is legal tender for all debts, public and private" printed on each note. (See generally 31 U.S.C. § 5103.) They have replaced United States Notes, which were once issued by the Treasury Department. Federal Reserve Notes are backed by the assets of theFederal Reserve Banks, which serve as collateral under Federal Reserve Act Section 16. These assets are generally Treasury securities which have been purchased by the Federal Reserve through its Federal Open Market Committee in a process called debt monetizing. (See Monetization.) This monetized debt can increase the money supply, either with the issuance of new Federal Reserve Notes or with the creation of debt money (deposits). This increase in the monetary base leads to larger increase in the money supply through the fractional-reserve banking as deposits are lent and re-deposited where they form the basis of further loans. (Wait, I thought that paper money was backed by the good faith and credit of the people of the United States?)


(Source:  http://en.wikipedia.org/wiki/Federal_Reserve_Note )

Now that you understand what paper money is, wait, are you sure you understand what paper money is?  Do you really understand what the above is saying to you?  You can go through all the links above and try to educate yourself to the best of your ability, but chances are very high that you will be more confused than you already are.  That's okay, it's designed to be confusing.  We highlighted a key area for you to really ponder upon however.  It's the Debt Monetizing.  Wait, wouldn't that make paper money a debt obligation and not a currency?  Play this game any way you want and you can control the economics of the country that this system is set up in.  You can create economic downturns or economic booms.  It matters not.  It only matters what those in control want to do.  Sorry, you get no vote in this.


Lincoln memorial cent, with the S mintmark of ...
Lincoln memorial cent, with the S mintmark of the San Francisco mint. (Photo credit: Wikipedia)




Let's hear it for the penny.  Actual US currency.  Maybe it's time to reconsider matters?  http://en.wikipedia.org/wiki/Currency  Some interesting further reading.  You might learn something new.  

Tuesday, February 25, 2014

An Inquiry Into The Nature And Causes of The Wealth of Nations, Adam Smith

Profile of Adam Smith
Profile of Adam Smith (Photo credit: Wikipedia)


Wealth of Nations - Adam Smith from Chuck Thompson

One of the world's first economists explains his findings on the creation of wealth that has long since been abandoned.  To bad for us all.  In this book, one quickly learns that the joining of forces through men, more is accomplished than if one were to complete a task on their own.  The force of the factory is greater than the sum of it's parts.  To look at it another way, by dividing labor into specialized units, more was accomplished much faster and with superior results than each man could ever hope to accomplish on one's own.

  Adam Smith shows us what capitalism really is and we learn that the term capitalism as used today, does not fit the original model by any means.  Or, the meaning of capitalism has been so corrupted today, to not even come close to what it originally meant.  Capitalism was once a revered term.  Today it is almost despised.  This is what happens when you attempt to change history.  Free downloads are available from our Slideshare site.
Enhanced by Zemanta

Wednesday, February 5, 2014

Michael Tellinger - The Ubuntu Liberation Movement

USSR postage stamp depicting the communist sta...
(Photo credit: Wikipedia)



The first section of this video is weird and off the hook for most people.  One has to look at history as well as present economic conditions to see where we should be leaning for economic survival.

http://www.ubuntuparty.org.za/  

Link to the main website for the Ubuntu Liberation Movement.  For all intents and purposes of argument, we are talking about pure communism.  Not socialist communism, but pure communism.  The question has always stood however can pure communism work?  It sounds good and always has.  That is the allure of communism.  No country has ever experimented with pure communism.  There have been small experiments with pure communism all around the world and also right here in the US.  None of the communities ever lasted.  Oneida was one such community here in the US.  If you are familiar with the name, it's because it's a major brand corporate name for the famous silverware makers.  They started as a pure communist community.  It didn't work.  http://en.wikipedia.org/wiki/Oneida_Community

The link above shows what we are talking about is not at all made up.  The story can be found right on wiki.  If you actually take the time to read the full story, you will find that pure communism does not seem to work either.  It's a nice pipe dream, but someone always figures they have to be in charge and leadership is always needed when dealing with groups.  At least it's a bit more sound than the Zeitgeist Movement that also shreds down religion.  Now if you could start taking the best from Zeitgeist, Thrive and the Ubuntu movements, maybe we could start having a more sound idea to work from?  Maybe we should consider going back to the principle of how the United States was created and once again look at the works of Adam Smith.  
Enhanced by Zemanta

Thursday, January 16, 2014

Gerald Celente - Trends In The News - "The New Year, 2014




The Great American Wake up call.  Or what they do not want you to know.  Gerald Celente is one who likes to take off the gloves and call the politicians and their henchmen out, giving backbone to American Idealism and talking about good old fashioned American history.  In this episode, Gerald shows how the main stream media is trying to convince us that we should willingly surrender our freedoms for some false sense of security.  No thanks, can we just surrender our main stream media instead?

  News and trends everyone should be on top of which is why we are bringing this to you.  
Enhanced by Zemanta