Tuesday, April 8, 2008

To understand boom and bust, you must understand money.

Money, Banking and The Federal Reserve

Did you ever ask the question as a kid, what is money? I did, and didn't get a good answer, until recently.For those who don't know, this is one of the many films that explain how our monetary system creates booms and busts and devalues the money in your purse to the profit of a small group of bankers. This system has been around since the end of the middle ages. It boomed ever since the beginning of the industrial revolution. Given the small concentration of wealth it causes, it should be no surprise that there is an elite group who have an agenda.

Posted by planning4acrash @ 10:27 PM (592 views)
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5 thoughts on “To understand boom and bust, you must understand money.

  • planning4acrash says:

    A quote from it, and this may as well apply, albeit to a lesser degree, to the Bank of England

    “Since 1980, the Fed has enjoyed the absolute power to do literally anything it wants. To buy not only U.S. government securities, but any asset whatever, to buy as many assets, and to inflate credit as much as it pleases. There are no restraints on the Federal Reserve. The Fed is the master of all it controls.”

    The conclusion that is really interesting, is that central banks put themselves across as the saviours of the business cycle, that their actions will solve inflation with interest rates, but they cause inflation in the first place by printing money. That they solve busts and depressions by being a lender of last resort, but they cause these in the first place by stoking booms. And as lender of last resort, they get increasing control and power over those that fall into their web. The only ones that benefit are bankers, governments and those closely associated with government.

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  • planning4acrash says:

    The film is dry, but no conspiracy theories here. So digestible for all, I hope.

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  • IMHO, these guys are totally sussed – but, of course, despised by the economic ‘experts’ who have manipulated the world onto a fiat system and brought us to debt, ruin and financial slavery. How fitting the Milton Friedman, one of the architects of fiat money, should have a lovely town like, err, Milton Keynes part named after him.

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  • japanese uncle says:

    Mother of all insider jobs

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