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 documentary is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.
Alan Greenspan was not, we’re told, happy about this 1996 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 is changing America.
Video is complete and total bullshit. The Fed primarily acts as a
clearinghouse for banks. This video is steeped in anti-Semitism and borrows
heavily from a book written by an anti-Semite named Eustace Mullins. Shame
on you for publishing this horse shit.
Hhgh
Everyone should watch this.
Awesome! Video meets format 35 specifications–I hope Mises decides to go
this way from now on (and HD when they can).
With regards to Hans Hoppe’s argument that the banks must be allowed to
fail and go bankrupt – my issue with this is that with that sort of policy,
the government essentially privatizes the surface-level blame by forcing
the bank to fail, but then socializes the punishment among the depositors
who now won’t see their money. In the event of a bank run, there must be a
way to have the FED act as a “Lender of last resort” ONLY to the people,
without subsidizing bad decisions made by the bankers.
The gold standard looks nice, but who owns all the gold in the world? The
same people who control the current, fiat banking system!
Everything about this video is idiotic… If the currency is backed 100% by
gold what will happen when the population increases? What will happen if
everyone wants to redeme their gold at once? And most importantly what will
happen to long term savers if the banks charge a fuckin fee for holding
your money!
I know that this is a typical “conspiracy” type question, but is there any
truth to the theory that most, if not all, presidential assassinations had
an element of this gold standard vs. central banking issue? Didn’t Kennedy
desire to take power away from the fed with executive order #11110 in June
of 1963, then assassinated in November of that same year. Would it detract
from the educational aspect of this great video to mention any of these
coincidences?
@NothingAtAllXD if you like writing, start a blog and express your views.
It helped me to do this. Have it in your mind that you are just writing for
yourself and a couple friends. Putting your views out there is good for
your soul….
The truth In 1 paragraph? Er.. No There is a big difference between being
‘enslaved’ and being ‘robbed’. We are indeed being robbed blind by the
government and the various cronies (corporations, etc.) they are in bed
with. But I am free to choose my own work and to spend what money I do have
as I choose, I am no slave. And saying so is pure propaganda. ‘Working’ for
a living is slavery? Why, because bankers make profits? The alternative
being what? Being given welfare so you don’t have to work?
Great video misesmedia – the best channel out there 🙂
You refer to Ron Paul’s book no doubt. I have actually not read it. I
expect that it is a very good introduction to the problem. But I have
already read a good many books about this and an introductory text for me
would be redundant. That said, I should probably read it anyway just so
I’ll know what most people are reading. Have you read: Economics in One
Lesson. by Henry Hazlitt? After Ron Paul’s book, that should be next on
your list.
omg ron paul is in the vid 😀
anyone who trades their gold for fiat money at this point is a fool
This is more ‘Zeitgeist’, right? Zeitgeist Addendum was half absolutely
right and half absolutely ‘wrong’. I have little interest in paranoid
conspiracy theories. And I am especially not interested in listening to
clear propaganda while they are espoused. ‘Slaves’ to the bankers my
fracking arse. If you want the truth, read Mises, don’t follow this
nonsense.
@laughmotel2 / just a little over your head huh? I’d suggest you watch it a
second time, maybe you’ll be able to get it
This is so sad the federal reserve is the Illuminati =(
The fiat money system is larceny. That much is true. But to focus on ‘debt’
as being the evil is to completely misunderstand the root of the problem.
If I have saved ten ounces of gold and I lend them to you so you can build
your workshop, thereby being able to earn money to pay me back, with
interest, the ten ounces I lent you., I have not ‘enslaved’ you. I have
helped you and you are ‘paying’ for that help though the interest you are
returning to me. Debt, in and of itself, is not the issue.
Very Good. Maybe CNN would like to run it?
@chicago618 Such 900% multiplication It is done by the use of a banking
tool known as “fractional reserve”. Search Google Video for “The Money
Masters” and see about that. Peace.
Have seen ‘Money as Debt’ 1 & 2 ?
What it comes down to is owning assets. Unfortunately, more and more assets
are owned by the top few, and when crisis does hit the masses will have
nothing. When the masses have nothing it naturally comes to a revolt which
may or may not include a guilitine to even out the assets. How people think
that going back to a feudalist system is ridiculous. Eliminating the middle
class will bring a crisis.
this makes a lot of sense
After watching much of this video, I have to say it’s a mediocre
introduction to say the least. Mises is great, but not this video. If you
want a good one, google “The Money Masters” in google videos you’ll see a
3.5 hour long video on this exact subject. Also if you want to learn more,
buy the book “The Creature From Jekyll Island” by G. Edward Griffin. It is
THE book on the topic of the Federal Reserve and banking history. Just
google G. Edward Griffin even!
yupp, shame he’s a Republican and that party no longer give a fuck about
“WE THE PEOPLE” Thats why when it was him vs a bunch of losers for the
nomination he still couldnt get it…
@Forsakren The Money Masters video is great as a reference, but it is
filled with inaccuracies unfortunately. For example, Thomas Jefferson
quotes on inflation cannot be proven and were not found. Not only that, the
word inflation didn’t exist during his time. You have to be really careful
on how you interpret that video and do your own verifiable research.
@richardcadbury It’s only been 60 years since were have one of those
I’ve watched this a half dozen times over the last couple of years. I
expect I shall yet watch it again.
I’ve watched this at least 5 times. 🙂
@metalguitar311 That seems fair. The amount of inflation that would be
caused by that would be negligable if banks could only go broke once.
Imagine what happens when a politician, banker, and corporation team up
against the people. First the politician points a gun at them, and tells
them they’ll accept monopoly money as legal tender. Then the banker creates
and loans that money around to his corporate partners who buy up EVERYTHING
and use the politicians regulations to regiment industry and stifle
competition. Then the banker and the corporation replace the politician
with a puppet who declares himself a dictator. Fascism.
@srnoke – it’s easily done each federal reserve bank is audited by
independent private accounting firms, by the gao and by internal means; on
a yearly basis you can find a link to see the audits in the description
section of the following video: “how the federal reserve works” GsxmwjQWiZs
*****
Mieses gentlemen advocating the gold standard forgot to mention that most
of the gold unfortunately is in the hands of probably the same people that
control the FED holding the whole world by the neck with controlling the
quantities on the market. The lincoln greenback currency was the only
system where quantity was controlled by a democratic process thus putting
the people in charge and not the vampires…
This is a great video but Im trying to learn this so can someone help me
understand the part beginning at 23:29 where it talks about the FR’s
reserve requirements. In their example how did they get $1000 of
inflationary money from $100 based on a %10 reserve at the bottom and then
$10,000? I guess my question is a math one which Im obviously bad at. I’m
pretty sure I have a grasp of the concept of fractional reseve banking
though.
@srnoke – at 00:23 the video says that the federal reserve “is subject to
no audit” i’ve shown you the audits, but of course you don’t care about
reality do you?
So, precisely those rich men who would control the market by means of their
hoarded gold have established the Fed, that in turn removed the link
between money and gold. Makes totally sense to me… Maybe the point you
forget is, that the very idea of “controlling” money is in itself
corrupting. Let the market itself decide which good it wants to use as
money, and nobody gives a shit about what stuff the so-called rich are
hoarding in their vaults.
The channel needs to dig from the past more HQ Rothbard video
presentations, this guy is funny as hell if you’re into this kind of stuff.
And he’s the most annoying man in the world if you’re a keynesian.
bernanke, Evelyn Rostchild, Goldman Sachs, Rockefeller, and Leon Trotsky
all made accounts and disliked this
So what is the truth then ?
I wondered what this was getting at. Toward the end they want to go on the
Gold standard. This again is a Hoax. Plan “B” for a disgraced “FED”. What
has to happen is the USA must have its own central bank. Print its own
money . The true value of a Nation is the blood , swet, expertice , and
knowledge of the people. A dollar earned is a dollar printed. Self
sufficiency is the result. But the actual practice amounts to no more than
greasing the wheel where a free market exist.
This is my favorite video about money and the fed. I have watched it
several times.