Money, Banking and the Federal Reserve

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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.

Channel: News & Politics
Uploaded: February 22, 2006 at 3:01 pm
Author: misesmedia

Length: 00:42:08
Rating: 4.87
Views: 206268

Tags: Mises Federal Reserve Greenspan Liberty fiat money freedom banking

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Video Comments:
HurricaneHeidi (November 20, 2008 at 12:38 pm)
HELP!!! I've been holding my own against a tide of disinformation on a site called "quatloos" (my user name there is "Pantekhnikon"). I have been discussing Rothbard, Vieira, and the Austrian School's economic principles against deliberate ad hominem attack & disinformation by a group of Fed Res lackys. Quatloos is SUPPOSED 2 B dedicated to exposing financial SCAMS and FRAUDS, but their zombies called Murray Rothbard an "old troll" after I posted links 2 his lectures. Pls Help me debate them!
HurricaneHeidi (November 20, 2008 at 1:38 pm)
Go to "quatloos!" and use search words: "money inflation" and you will find the threads in which I support conservative economics, expose the legalized counterfeiting committed by the Fed, and tout Murray N. Rothbard. You can search "legalized counterfeiting" and "Rothbard" on quatloos! too. Seriously... I could use some help standing up against these hostile fools.
strata1972 (November 18, 2008 at 3:12 am)
no let's not copy anything the Chinese do. The American thing to do is drag them behind our big american pickup trucks!
Seriously, only a attack on the main Federal Reserve building
will run them out of this land. Why couldn't the 911 hijackers
chose the that building!
stealthpakfa (November 20, 2008 at 7:30 am)
because the 9/11 planners were the people that own the federal reserve! u might want to look up the rothschild and rockefeller families! and how 9/11 made them wealthier and gained more control!
joseshema (November 17, 2008 at 7:03 pm)
We should take an example of what the Chinese would do when their own officials are caught taking from the system. The chopping block. There would be so many head rolling (literally) down the hall of congress that we would need to find a landfill for all of the corruption we disposed of.
j4ck2234 (November 17, 2008 at 4:50 am)
+I think we disagree with what happens when you abolish fraudulent banking. I guess you believe that average Joe would hoard his gold (or whatever) in his basement or in a depositary institution rather than direct it to the most profitable use. I'm sure rational self interest and free market functions would prevent that. We don't need inflation to counter 'hoarding'.
j4ck2234 (November 17, 2008 at 4:23 am)
I think we agree in the conclusion that todays banks are a big fraud and have nothing to do with market institutions.
j4ck2234 (November 17, 2008 at 4:14 am)
What you are describing is not possible on the free market. They're giving a fraudulent guarantee. You cannot guarantee money that you don't have, that would be illegal. But that doesn't mean that on a free market people couldn't socialize the use of their savings to keep them accesable while benefiting from interest.
j4ck2234 (November 17, 2008 at 3:46 am)
No, lending out money that you don't have is creating money. Lending out that 1$ a 100 times with the motive that those 100 people would not clear their deposits at the same time is creating money, not the actual transaction of a dollar. The guarantees certainly had to be adjusted, but why not socialize the use of savings in order to benefit from minimum risk loans?
j4ck2234 (November 17, 2008 at 3:18 am)
Because it wouldn't work if you knew.