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This film is a long discussion between David Webb and G. Edward Griffin on the mind-boggling power and control of the privately held central banks. The question of whether this power is being used for benevolent or malevolent purposes was taken head-on.
Back in 1981, our national debt reached $1 trillion.
At the time, it was hard to even comprehend such a number. Today, the debt has soared to nearly $35 trillion and counting. Take a look at the national debt clock, and you’ll see the debt grow beyond the annual salary of most Americans in just seconds.
As the saying goes, “Somebody’s gotta pay for it.”
Maybe, but it won’t be the U.S. government. Uncle Sam is flat broke, but he keeps the Federal Reserve’s printing press in motion 24/7.
Let’s not forget that we have to borrow that money, which means we have to pay interest. For years, politicians from both parties claimed that as long as we could pay off the interest, we’d be in good shape. But that’s easier said than done when the debt is astronomical.
It seems clear that those in control of destroying our country are deliberately destroying our monetary system, no doubt to make way for their total control scheme of replacing it with a completely digital monetary system. At this point, federal debt is rising by ONE TRILLION DOLLARS EVERY 90 DAYS!
Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet and was told he lent your car to teenagers who took it for a joyride while you were sleeping at the hotel. You would not be too happy and for good reason. When you surrendered your clothes or your car keys, it was a bailment. You retained ownership and gave the clothes or car keys for safekeeping. In no shape or form did you surrender ownership of the items or lend out your property.
Suppose you lived in the eighteenth century and had a hundred ounces of gold. It’s heavy, and you do not live in a safe neighborhood, so you decide to bring it to a goldsmith for safekeeping. In exchange for this gold, the goldsmith gives you ten tickets on which are clearly marked as claims against a total of ten ounces. Now, gold is heavy and burdensome to carry, so in a short period of time, those claims will start circulating in place of gold. This is the creation of near monies. This doesn’t mean you have given up your ownership claims on gold but have instead used a simpler way of transferring ownership on this gold.
President Biden may have recently made history as the first president to discuss snack chips in the State of the Union message. He used snack chips to illustrate the phenomenon of shrinkflation. Shrinkflation occurs when businesses reduce the amount of goods sold in order to avoid raising prices. President Biden pointed out that businesses hope that, since both the price and the size of the package remain the same, most consumers will not notice they are getting fewer chips, cookies, or whatever other product has been affected by shrinkflation.
President Biden called on Congress to pass legislation, sponsored by so-called moderate Senator Bob Casey of Pennsylvania, to crack down on companies that reduce the amount of a good in a package. Biden and his congressional allies and media apologists think that this will stop shrinkflation. They think this because they believe shrinkflation is caused by corporate greed. In fact, shrinkflation is a rational response to increased prices caused by the Federal Reserve’s dollar depreciation.
Central banks and espionage agencies are insidious threats to any free people. The former manipulate the value of money, and the latter manipulate the perceived truthfulness of information. Both ostensibly work for the broader public’s “best interest,” but as is true of all institutions, they ultimately serve the interests of those people who run them. Spies and bankers should not have so much power over free citizens.
Both institutions are not only plainly anti-democratic but also inherently authoritarian. The central banker says, “Free markets cannot be trusted to direct the flow of goods and services, so a small collection of experts must be empowered to manipulate markets at their discretion.”
Central banks and espionage agencies are insidious threats to any free people. The former manipulate the value of money, and the latter manipulate the perceived truthfulness of information. Both ostensibly work for the broader public’s “best interest,” but as is true of all institutions, they ultimately serve the interests of those people who run them. Spies and bankers should not have so much power over free citizens.
Both institutions are not only plainly anti-democratic but also inherently authoritarian. The central banker says, “Free markets cannot be trusted to direct the flow of goods and services, so a small collection of experts must be empowered to manipulate markets at their discretion.” The spy agency says, “Free peoples cannot be trusted to make wise decisions based upon available information, so a small collection of experts must be empowered to manipulate what the public knows.”
In both instances, freedom is diminished. Adam Smith’s “invisible hand” of the marketplace is replaced with a banker’s gloved fist. Self-government is superseded by a national security surveillance State. A small caste of people exercise enormous power over everyone else.
This video depicts what the US Debt would look like in stacks of physical cash in following sequence: $100, $10,000, $1 Million, $2 Billion, $1 Trillion, $30 Trillion The faith and value of the US Dollar rests on the Government's ability to repay its debt. "The money in the video has already been spent".
US Debt visualized info graphics article: http://demonocracy.info/infographics/...
The author of The Creature from Jekyll Island; A Second Look at the Federal Reserve addresses such issues as: What is the Federal Reserve System? Who drafted the plan for the Fed and when did it occur? How is money created? What impact has this had on the American Dollar? Should our currency be backed by gold or silver? Where does Congress get most of its funding? – and much more.
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