Excellent description of where money comes from:

Login or register to post comments Last Post 6652 reads   23 posts
Viewing 10 posts - 1 through 10 (of 23 total)
  • Thu, Dec 17, 2009 - 12:20pm

    #1

    Tycer

    Status Silver Member (Offline)

    Joined: Apr 26 2009

    Posts: 254

    count placeholder

    Excellent description of where money comes from:

The movie The Money Masters is chocked full of mind boggling information.

It’s not a new movie and was done on a shoestring, but the content is outstanding and necessary for anyone wishing to understand our money and system of money.

From the website:

Segments: The Problem; The Money Changers; Roman Empire; The  Goldsmiths of Medieval England; Tally Sticks; The Bank of England; The Rise of the Rothschilds; The American Revolution; The Bank of North America; The Constitutional Convention; First Bank of the U.S.; Napoleon’s Rise to Power; Death of the First Bank of the U.S. / War of 1812; Waterloo; Second Bank of the U.S.; Andrew Jackson; Abe Lincoln and the Civil War; The Return of the Gold Standard; Free Silver; J.P. Morgan / 1907 Crash;  Jekyll Island; Fed Act of 1913; J.P. Morgan / WWI; Roaring 20s / Great Depression; FDR /  WWII / Fort Knox; World Central Bank; Conclusions.

ENJOY!
  • Thu, Dec 17, 2009 - 07:20pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

Yes.  Saw it years ago.

It is a good historical expose on money and if you can stand Bill Still wagging his pen at you the whole movie Smile, it’s fine.

Now that you have seen it, you’re ready to move to the next phase:  “What has Government done to Our Money” – by Murray Rothbard.

It’ a pinnacle.

Here’s the Audio: http://bit.ly/74w0Y1

It’s available on Mises.org as a free PDF somewhere, but I bought the book too.  It’s a good deal.

  • Thu, Dec 17, 2009 - 09:21pm

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

Tycer wrote:

The movie The Money Masters is chocked full of mind boggling information.

I really enjoyed the MoneyMasters and learned a lot from it.  For example, government should issue and control the nations money.  Private banks could continue on but with one important change – they should stop creating all of our money as debt!

TheRemnant wrote:

Now that you have seen it, you’re ready to move to the next phase: “What has Government done to Our Money” – by Murray Rothbard.

Government has given away it’s sovereign power to issue money to a group of international bankers.  Government has had little to no say for almost 100 years.  Rothbard and the Austrians have criticized the MoneyMasters, Ellen Brown, Byron Dale, Money as Debt and most other true monetary reformists.  Their belief system eschews mathematics and scientific methods – here is a link to my post where I point out some of their deficiencies – Austrian & Keynesian Theories Vs. Mathematical Facts

One of the reasons that the Austrians don’t care for the MoneyMasters is Bill Still’s prophetic warning, that takes place near the end of the film:

Our country needs a solid group, who really understand how our money is manipulated and what the solutions really are.  Because if a depression comes there will be those who call themselves conservatives who will come forward advancing solutions framed by the international bankers.

Be aware of calls to return to a gold standard.  Why?

Simple, because never before has so much gold been so concentrated outside of American hands.  And never before has so much gold been in the hands of international governmental bodies such as the World Bank, and the International Monetary Fund.

In fact the IMF now holds more gold than any central bank.  A gold backed currency usually brings despair to a nation.  And to return to it, would certainly be a false solution in our case.  Remember we had a gold backed currency in 1929 and during the first four years of the Great Depression.

Likewise, be aware of any plans advance for a regional or world currency, this is the international bankers Trojan Horse.

Amazing stuff – I think the film was made in 1996 or 1998.  Of course, we know the Austrians are champions of the gold standard.  BTW, check sometime to see who has funded Mises…

Larry

Disclosure: I did some of the graphics for Bill Still’s new film, “The Secret of Oz”

  • Tue, Dec 29, 2009 - 01:30pm

    #4
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

Amazing stuff – I think the film was made in 1996 or 1998.  Of course, we know the Austrians are champions of the gold standard.  BTW, check sometime to see who has funded Mises…

Larry

OK Larry.  I will bite.  Who has funded Mises?

  • Tue, Dec 29, 2009 - 08:58pm

    #5
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

Hi goes,

Austrian economics would have simply faded away as being an irrelevant pseudo science if not for some very large donors that kept the Mises institute alive and squawking.  More notably, the Coors, Koch and Bradley family foundations have poured millions of dollars into Mises.  

Larry 

 

  • Wed, Feb 10, 2010 - 05:42am

    #6
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

 

Larry,

I followed your link  you provided to the Mises forum and it seemed  it was they that  pointed out some stuff you never mention past the   banker conspiracy.   

And your assertion of government not having a say  is simply not true.    Bankers control the monetary system but government is there to protect that system.       The arrangement is beneficial to both and they have been trampling us for a very long time.  Try counterfeiting Federal Reserve notes and see who knocks on your door:      It won’t be someone from  the bank nor a federal reserve employee.   

 

  • Wed, Feb 10, 2010 - 08:16pm

    #7
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

Carl Veritas wrote:

I followed your link  you provided to the Mises forum and it seemed  it was they that  pointed out some stuff you never mention past the   banker conspiracy.

Hi Carl, I think you were responding to my post “Their belief system eschews mathematics and scientific methods – here is a link to my post where I point out some of their deficiencies – Austrian & Keynesian Theories Vs. Mathematical Facts.”  That is where I mention some of the specific shortcomings and misinformation with both belief systems.  Not sure what you meant, can you clarify?

Carl Veritas wrote:

And your assertion of government not having a say  is simply not true.    Bankers control the monetary system but government is there to protect that system.

What I said is true, we will just have to disagree on this point.  The Federal Reserve is an independent entity by design and charter.  The private Fed does what it wants when it wants.  It is a private corporation.  You may remember Bloomberg tried to sue the Fed under the FOI Act (freedom of information) the Fed won because they successfully argued that as an independent and private corporation, they are allowed to protect their trade secrets.

Government doesn’t control the monetary system, the New York Fed does.  That is where the FOMC and PPT are secretly operated.  And, yes, it is legal under their charter for them to secretly manipulate our markets.  In January 2009, President elect Obama publicly stated that a “president shouldn’t second guess the Fed” in response to questions about the bankers making deals behind closed doors. 

Larry

  • Wed, Feb 10, 2010 - 10:20pm

    #8
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

 

It was a very long post, so if anyone is interested  here is that link again

We could call it   Larry Goes to The  Austrian School   🙂

http://mises.org/Community/forums/t/11896.aspx

I tried to find what you refer to  as the Austrian economic theory’s  deficiencies but I could only find one (let me know what else you mentioned that I missed)

 

I don’t think the Austrian School ignores US Treasury debt,   Corporate or Individual debts.    Their support of  of the abolishtment of the Central Bank will remove the exponential part.     Read about Panama’s experience without a central bank or FDIIC.  It’s quite interesting.

The Austrian  Quantity Of Money Theory  is not a mathematical concept so of course it doesn’t square up with your mathematical facts.   Your ‘not enough gold’  falls under this.     Read it,  learn it,   then critique.

 

Let me rephrase since you misread my sentence above:

The NY branch of the Federal Reserve controls the nations monetary system,  and the Federal Government is there to protect that system.

 

 

 

  • Thu, Feb 11, 2010 - 03:50am

    #9
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

Hello Carl,

First, some background as to how we got to this point in this thread ’cause I kinda forgot.

Tycer started this thread with an article that discussed Bill Still’s (producer) “The Money Masters.”  I think everyone, including Austrian economists, unanimously agree that The Money Masters is a thorough and accurate historical documentary. 

A number of Austrian proponents (G. Edward Griffin, Lew Rockwell, etc.) criticize Still’s closing solutions and concerns.  Still offends Austrians when he concludes that their panacea, a gold backed system will be offered as a Trojan Horse from the international banking cartel – hung by the rope of our preference.

In Bill Still’s earlier book (1995), “On the Horns of the Beast,” he documents the theft of the U.S. gold between the late 1920’s through more recent times.  I think it was around 29,000 tonnes of gold; by far the the largest gold heist in history.  The craziness is that despite much evidence to the fact that we have no gold, Austrians want to go back to a gold standard.

Ok, back to your post…

Carl Veritas wrote:

I tried to find what you refer to as the Austrian economic theory’s deficiencies but I could only find one (let me know what else you mentioned that I missed).

Here are some exceprts from my post:

“George Orwell’s classic 1984 describes “doublethink” as holding two contradictory beliefs simultaneously and accepting both. To do so denies the existence of objective reality. A good example is the belief in economic theories that contradict mathematical facts.

Both Austrian and Keynesian economic theories hold fundamental beliefs that do not square up with math. The exponential growth of debt in our debt based money system is ignored and refuted by both theories. In place of math, we are offered beliefs such as the “quantity theory of money.”

To deny the exponential growth of debt cuts to the very core and credibility of monetary theories. If the exponential growth can be proven, then equally, Austrian and Keynesian theories are dis-proven. Economic theories hide the fact that a debt based money system is usury by definition and neither Austrian nor Keynesian theories are sustainable. Both systems create bankruptcies and defaults while enriching banks at the expense of the people.

The specie of money doesn’t matter. If our money were backed by gold, the gold would simply be transferred to those who collect the interest. We saw this in 1933 when the gold standard collapsed and we lost most of our gold.

The two prevailing economic theories give us a false sense of choice just like the two party system of Democrats and Republicans. The science of money has been replaced by a belief system just like in the dark ages when science was dominated and defined by religious beliefs. If the next renaissance is to happen, it will come when the science of money displaces unfounded beliefs.

Our debt based monetary system is a form of usury that will result in the transfer of all wealth from the many to the few. The intended outcome is debt slavery and tyranny under the cruel boots of oligarchs – a financial aristocracy.”

I think this is accurate and I look forward to any comments… 

Cheers,

Larry

  • Thu, Feb 11, 2010 - 05:56am

    #10
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1616

    count placeholder

    Re: Excellent description of where money comes from:

Larry,

Stating and disproving are two different things.    You have not disproven any Austrian economic theory here or in your exchange with the  Austrian school linked above in my  post .   

What you have shown however is the mechanics of our current monetary system and its fraudulent nature.

But like I wrote above government is there to protect that system.   

Your proposal to have government directly  print and inject money to the economy  is full of problems related to economics. 

The fluctuating market prices are the signal that aligns production with consumption in the market economy.     In  that a rising price for something, say brown rice, tells businessmen that  demand is high as opposed to supply and profits can be made producing brown rice.  

    As production ramps up, the demand is satisfied,   and prices fall.  Falling prices signals the opposite to potential brown rice producers and further production is reduced.    Capital and resources will then flow to other production (and employment).  All of this activities were a response to consumer demand for a good and that demand was communicated to producers via market prices with their own deisre for profit (and loss avoidance).   Their profit and loss experience tells them if their methods are sound.    To the extent that government does not intervene and favor one business over another,  the competition process in the brown rice market reveals how best  to serve the consumer.   

This is the calculation problem that socialist planners in the old USSR could not cope with.    No private property. no entrepreneurs, no market and no market prices.      The result was  chronic gluts and shortages for even the basic of staples.

   How will Larry the central planner decide or coordinate  which production (and employment that comes with it)    to fund that would be considered fair to all?      With math?  

 

 

 

 

 

 

Viewing 10 posts - 1 through 10 (of 23 total)

Login or Register to post comments