Apr 13 2010

It has become apparent to me that many Americans

(9 am. – promoted by ek hornbeck)

do just not understand how our monetary system works.  And this is the reason they don’t understand how we’re being stolen from.  

We have to start from a common understanding if we are to have a meaningful conversation with other American People.  This grew out of a misunderstanding I had with my dad, tonight, out of an idea he had, that, without this understanding, he could not possibly understand what I was getting at, relative to non-corporatist ideas that there is infinite wealth chasing limited resources.

This series of videos leads you through, step by step, how the wealthy, in essence, create wealth, how they use this wealth, to translate into power, and how this power actually leads to a completely unlevel playing field.  

It does not matter how much WORK you do; because work only imperfectly translates into wealth, in our monetary system.  If you believe that America is, for example, exceptional, one idea of how this exceptionalism works is that, for instance, by “hard work”, you can rise above the flock.  Why this is relative, and why this doesn’t work, mystifies people, because they don’t really understand a system that is not backed by something.  They can’t possibly imagine a system backed by NOTHING.

They should watch these videos, one by one.

 

7 comments

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  1. This is the antithesis of the foundation by which socialism is and must be based.  John Edwards was right in calling for a society in which “wealth”=”work”.

    So then, the question must be asked, “how is money actually MADE?”

    That is, if you believe and understand it isn’t really by hard work, and if you work hard, you are still toiling against a headwind of those who have very much more money and didn’t do what you did, or had to do, to get it.

    And then you have people with no sense of proportionality.  You have people to whom being a lazy freeloader is as bad as, or much more worth of contempt than, making thousands or millions of dollars, by being a scheister.  

    What they don’t really understand is, the penny-ante sheister is not the person who impoverishes them.  I am not trying to excuse the penny-ante scheister from responsibility.  What I am trying to say, the mega master criminal who is consuming trillions of your tax dollars, and impoverishing you in every true sense, uses the penny ante scheister to rob you of your sense of proportionality, to make conservatives think the welfare queen is the problem, rather than the dastardly criminal gambling with billions of your dollars (tax dollars, shareholder dollars, or other), taking your livelihood from you.

  2. Medium of exchange and store of value (and not so much the latter).

    An illusion- can you eat Gold?

    I’m going to mess with your artistic vision a little bit and put your video below the fold so I can promote this later.

    • Edger on April 13, 2010 at 04:26
    • #

    and the long history behind what’s happening now…

    What’s going on with Washington and the Fed? Same thing that’s been going on since the Fed’s creation. It’s the reason it was created…

    JP Morgan, publicly considered a financial luminary of the time, exploited his mass influence by publishing rumors that a prominent bank in New York was insolvent or bankrupt. Morgan knew this would cause mass hysteria, which would affect other banks as well. And it did.

    The public, in fear of losing their deposit, immediately began mass withdrawals. Consequently the banks were forced to call in the loans, causing recipients to sell their property, and thus a spiral of repossessions, bankruptcies and turmoil emerged.

    Putting the pieces together a few years later, Frederik Allen of Life Magazine wrote, “The Morgan interests took advantage to precipitate the panic… guiding it shrewdly as it progressed“.

    Unaware of the fraud, the panic of 1907 led to a congressional investigation headed by Senator Nelson Aldrich, who had intimate ties to the banking cartels and later became part of the Rockefeller family through marriage.

    The commission, led by Aldrich, recommended a central bank should be implemented, so panics like 1907 could never happen again.

    This was the spark the international bankers needed to initiate their plan.

    In 1910 a secret meeting was help at a JP Morgan estate on Jekyll Island, off the coast of Georgia. It was there that a central banking bill called the Federal Reserve Act was written. This legislation was written by bankers, not lawmakers. This meeting was so secretive, so concealed from government and public knowledge, that the ten or so figures who attended were told they could only use their first names in addressing each other. After this bill was constructed, it was then handed over to their political front man Senator Nelson Aldrich who personally planned this, and in 1913 with heavy political sponsorship by the bankers Woodrow Wilson became President having already agreed to sign the Federal Reserve Act in exchange for campaign support.

    And two days before Christmas when most of Congress was at home with their families, the Federal Reserve Act was voted in and Wilson in turn made it law.

    Years later Wilson wrote in regret: “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is now controlled by it’s system of credit. We are no longer a government by free opinion, no longer a government by conviction and the  vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

    –Zeitgeist, full production, 2 hours

  4. OK, fine, goodbye.

  5. by neo-liberals to redirect income upwards to high income & corporations.  That same system can be used to redirect the other way.

    This is a war over economic ideology.  Fiat currency system can be a very effective tool to address inequality in U.S.  But it is important to understand the instructions before using.  

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