Money, Banking and the Federal Reserve

Hmmmmm. In 1963, JFK had the Treasury print and circulate United States Notes of various denominations, a few months before he was assassinated. They were quickly pulled out of circulation by LBJ when he took over. You can still get them in coin shops & such. Could it be that the JFK assassination was about money? Something to think about, eh?

Precisely. Keynes was deified thanks to the likes of Nixon. His theories are still widely accepted in learning institutions even though they are patently wrong. I argued with my Keynesian economics professor every class period last semester attempting to show him that command economies are unethical. Look people: economies should never be managed by the state. WE should manage the economy. Economies develop naturally through human interaction and they have existed much longer than governments.

He suggested that? When? Towards the end of his life? I know that he supported the Fed early on, but had a change of mind when monetarism proved to be a failure (i.e. he moved towards gold.)

There have been a number of studies critical of the federal reserve, well-backed with sources. A number of economists, including Nobel Laureate Milton Friedman have suggested abolishing the fed. I would believe most people here have taken Econ101. If you would like to share your "research on economics" as a case for the fed and , you are welcome.

First of all your question shows a fundamental misconception. Austrian economics advocates precisely that no one "run an economy". That is, unless they have another agenda (i.e. hungry politicians and bankers...)

noctumz, exactly, we should be outraged and stop this system of government that still exists. the fascist USA murdered my mother and still trying to kill me and my child. My name is Maya Bell. visit my website at onegod. us God Bless the USA and destroy the evil corrupt fascists who oppress and murder all good people.

president Roosevelt was a moron mentally ill corrupt criminal who bankrupted his people and brought on the great depression and let the banks get away with the people's money. the USA government is an organized criminals theives and murderers.

correct, visit website onegod. us and read up.

Why would someone have an evil agenda on getting rid of a system that does harm to us? Is it any coincidence that the great depression happened after the fed was installed?

As if most mainstream economists lack an 'agenda'? Come off it.

So you say. But my research indicates that you're wrong, and that this video represents truth very well.

Not at all, hence the video and supporting comments.

So you're suggesting that people shouldn't be doing actual research on their own to determine their ideas of favorable ways to run an economy? Much better to have someone with an obvious agenda spoonfeed it instead right?

"Research on economics" - By that you mean the Keynesian statist economics fed to you by an educational system created by the state for the state. I have a suggestion for you Gurdy. Research free markets and the Austrian school of economics, which approaches economics objectively and rationally instead of using it as a "toolbox" to run, plan and predict the economy. Then come back and post your naive "in fed we trust" bullshit where it serves no purpose.

Sorry to say, this video and the supporting comments below are simply an example of people choosing to believe precisely what they're fed. Do a little research on economics. It will afford you a less biased account of the Federal Reserves function in our economy.

In high school, I was suspicious of the brief, vague description of the Federal Reserve. A video such as this should be shown to students, more than once.

Let's assume only 50% of this is true. Even then we should be outraged at how our income is taxed and the proceeds go to a private bank. But we as a society will do nothing, we are too lazy and too dumb. Americans get more emotional and excited over a new mall or Starbucks, new places to shop are the real attractions. Ask your friends about the three branches of goverment? who the speaker of the house is? how a bill gets passed? what is "fiat currency". Most people are happy to be ignorant!

go to (zeitgeist) the federal reserve

There is nothing "weird" about it.

This is really weird and patronizing film-making.

yall need to watch this very important video
Lindsey Williams - The Energy Non-Crisis - Part 1 of 8

If everybody paid off all there debts then there woudn't be any money. In todays world banks have to create debt in order to create money eather way the worlds system will crash its a question of when. I hope I will be taking the eternal dirt nap when it happens.

I meant, the dollar purchases only 4% of the gold (and produce) than it originally did.

The dollar was originally worth one-thirtieth of an ounce of gold. Now it is worth roughly one-nine hundredth of an ounce. So while gold has remained stable versus produce, it purchases roughly 4% of the gold (and produce) that it originally did. Your logic is misguided.

the US mint still makes our money the fed has to buy the coins from the goverment but the paper they control