Ed Sanders of The Bob Tuskin Show asks Gnome Chumpsky about the FED. His response is absolutely astonishing. He claims that the FED is the only reason why we…
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Noam Chomsky Loves the FEDERAL RESERVE
Ed Sanders of The Bob Tuskin Show asks Gnome Chumpsky about the FED. His response is absolutely astonishing. He claims that the FED is the only reason why we…
Listen carefully to what he says. He understands perfectly what your implying. He knows fiat currency has no value, and that is why the implies there is no debt problem. He also preface his entire answer about the Federal Reserve with "…maybe in the long term it can be worn away, maybe overthrown, and I hope so…
I guess NO ONE heard the sentence ""…maybe in the long term it can be worn away, maybe overthrown, and I hope so…"
and don't get me wrong, this guy may be an idiot…i myself think chomsky is the most brilliant person of our time, maybe ever…just pointing out that you should think about the claims you make before giving them more thought.
i mean, after all, i usually do the same to “idiots” (as you say) who invoke the name of “christ”
making a claim that someone is an idiot and making a credible argument are two different things, and you, sir have failed to do the latter. the usually uneducated people of the "tea party" use thousands of other words and terms such as "christ's sake" i'm sure, so have you just demonstrated to us that you're an idiot, no, you simply used a common term in your culture. so, mr brilliance, what word would you suggest that would better describe a group of people who "follow" what they are told??
he’s actually right – the fed is keeping the usa from a depression. but what he doesn’t say is that the fed already weakened the economy to the point where it is today by inflating a massive housing bubble using easy credit.
who really cares? the fact is that when they print trillions of dollars they are making your dollars (which you work for with your time and effort) worth less and less.
the federal reserve has nothing to do with laissez faire capitalism. please say "crony capitalism" rather than just "capitalism" otherwise people will be confused.
Keeee-rist. Every time someone uses the word "sheeple," I just tune them out, because they're idiots. The Tea Party calls people "sheeple," for Christ's sakes.
Why do you suppose it is that the stuff you post to discredit Chomsky just makes him look better?
The logic courses at the U of F must really suck.
"He talks from both sides of his mouth".
Noam "Bifidus" Chomsky
The amount of autonomy the fed has within the government gives it the appearance of a private corporation. It’s monetary policy doesn’t have to be authorised by the executive, or legislative branches and for very good reason. independence (within gov) allows for long term economic goals not to be influenced by short term political ones. The results are in, and they clearly show that central banks with quasi-independence are far more efficient
Is there any proof that the FED is a private bank? I know there are tonnes of videos on YT proclaiming it but that's not evidence guys. according to the treasury, 95% of fed annual profits are transfered to them. Are they lying? are they a private firm too?
It’s most proficient period? How do you explain the huge number of economic panics that led to the establishment of the Fed? Yes Bernanke admitted that the Fed didn’t do enough during the Great Depression by allowing banks to fail. Again, Chomsky is completely on point here.
What is the cause of dysfunction in the government and economy? It is due to total confusion about whether money is a private commodity or public service? Should currency be privatized debt, an instrument of all debt, public and private? Who is profiting in this debt-based currency…the people, planet or Corporations fed by commercial banks and FED???
Gatekeepers work as I see from your reaction.
Learn to become a CRITICAL THINKER (by studying logic and fallacies). Chomsky is too smart not to know what he is doing. Don't fall for his 'manufactured credibility'. How could he last in MIT so long where so many people half as critical have lost their jobs and expelled from their academic posts? What is the relationship between MIT and Pentagon and what could that mean about Chomsky's potential involvement in a mind control conspiracy reality?
Judge people by what they do,not what they say!
Chomsky is not anti-capitalist despite the occasional casual comments on that subject. He has repeatedly stated that this issue is ‘not on the agenda’. In effect he is looking for ‘a manageable state capitalism’ where the brutal exploitation continues with all the whitewash. Check out his stance on elections,JFK,911. On the most central issue of capitalism i.e., banking, he is as modern a NWO capitalist as they come as evidenced above.
A genuine GATEKEEPER for the lazy intellectuals and sheeple.
Chomsky does not want to get rid of capitalism. He talks from both sides of his mouth. And on the most fundamental aspect of capitalism, i.e., banking, he supports capitalism as stated above.
Look up his positions on elections, JFK assassination, and 911.
And what about MIT and Pentagon?!
He is as anarcho-syndicalist, as obama is a genuine democrat or socialist.
Don't judge a person by what they say, rather by what they do.
A genuine gate-keeper for the lazy intellectuals and sheeple!
I bet he secretly believes in population control as well.
Chomsky has done a lot of good but he's a gatekeeper for the left. He knows just how far he can go and that's as far as the coward goes.
You're wrong. The Federal Reserve is no more federal than Federal Express. It is a private bank (with stockholders) and that is a fact.
Now my interpretation is based on the internet sources – videos and websites – which have taught me a whole lot better than Samuelson Professor Of Economics at The University Of Stupid Dumbfuck. I read his book many times but nowhere did it tell me that The Fed is a conspiracy of moneyfucks to control American tax revenue and money issuance.
It is well-known that england never gave up in it's bid to control America through illegal access to America's money supply which is the Fed.
Why is the title of this video wrong ? Nowhere does Chomsky say he loves The Federal Reserve. He understands it though and he despises it rather than loves it and sees it somehow as necessary which it is not. That is the problem. It has to be gotten rid of and a statutory bank set up with inalienable rules set to it and tied to the constitution. My view is that is was the ongoing attempt to take control of America by England. As Rothschild is behind it it cannot be american.
So that one illegal vote in 1907 accounts for the loss of the American people's control over their money ever since. It is for the Supreme Court to fix that but they are too stupid to and so are the people as you would bring an ultra vires class action and define the Federal Reserve as a Central Bank Of The People For The People. durrrr. Takes a brit to explain it to you.
I read about The Federal Reserve in Samuelson's Economics and it did not make sense at all and that is because Samuelson wrote a stupid textbook for undergraduates that does not make sense. The Fed is characterised by money lenders wanting control of the United States and in a sense it is England's last or first attempt to destroy America through asset stripping America. That is the true explanation. Real lawyers would have it under the control of Congress not the unelected bankers.
In fact The Federal Reserve is an alien illegal organisation in America getting right to the American taxpayer's money and then re-investing it without the will or authority of Congress. It has no legal title, no legal corporate name just these two lies – central bank – what is central about it ? Nothing, it does not exist between two chairs one on the left and one on the right. Yet look at all the parasites who comprise it. Parasites outside The Constitution.
The Federal Reserve – First of all it is not Federal and it is not a Reserve. it was a band of english money plutocrats charging the American people for them to supply them with note and coin.
Excellent point Michael.
The Fed is a private institution. Is it fair for a few people to be able to print money out of thin air, and then charge the entire nation for interest??
Just because it's a Central Bank, it doesn't mean it should be under the control of the politicians. The US President has (in theory) no power over Federal Judges, even though they are federal employees. It's called the separation of powers.
You should study history, what you said in your post is completely absurd and factually inaccurate.
The Fed is a private institution. What you have today is a couple of families being able to create money out of thin air. The Bank of the United States was owned by the owners of the Fed. They tried to establish a private Central bank in the US several times before they got it.
These people today control the politicians and the intelligence agencies. How is that any better???
Do your own research and stop believing other people.
Before the Federal Reserve, the US went through its most proficient period. Lincoln’s greenbacks boosted the economy in a way that’s never been seen.
The Fed was what caused the Great Depression. Ben Bernanke himself admitted. Greenspan too.
The Fed is a private institution which creates money out of thin air and then charges the government for interest. Your ENTIRE income tax goes to paying off bankers for their pyramid scheme.
You confuse limitations with deliberate actions.
The Roosevelt option isn't open to us anymore. Capitalism has become too contradicted and deranged to any longer be saved by liberals and social democrats. Over the long term, the only real options are forms of either fascism or socialism. Let's hope it can be the latter.
Yeah, Noam Chomsky loves American state capitalism. That’s a good one.
Noam Chomsky dares to disagree with right-wing Libertarian conspiracy theorist rhetoric about the decades-old boogeyman of the Federal Reserve and its demise as the solution for all the world's problems? That must be undeniable "proof" that Chomsky is a shill and Zionist agent of the NWO. No other explanation is possible!
The federal reserve is a government institution. watch the debate "Blame Washington or wall Street for the crisis". Washington being the fed, congress, regulatory agencies and the white house, and wall st being "private" bankers and other financial firms
I also than Bob Tuskin, but I differ from Noam and the questioner. Study MMT to see why Noam is wrong about the significance of the Clinton surplus. Read Warren Mosler’s the 7 Deadly Innocent Frauds…. Michael Hudson’s The Bubble and Beyond. People who use Noam as a reference for everything have cashed in their intelligence. They’re looking for a champion. Noam is limited in his analysis. Use your own. In answering the Bdg 7 ?, he demonstrated his limitations in judging scientific studies.