Posted on 03/22/2009 5:23:22 AM PDT by trtdenver
Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It sounds like a detective story, which it really is, but it's all true. Based on Mr. Griffin's book of the same title, this address will shatter your old ideas about money and change the way you view the world.
(Excerpt) Read more at video.google.com ...
one of the best about the federal reserve
It should be reviewed once a year.
“None Dare Call it Conspiracy” is another.
This is the same old kookery that’s been posted a million times.
Okay, Moonman62, how does the Federal Reserve work and why was it created? I am willing to listen to all theories.
You could do worse. Follow it up with Thomas Sowell's "Basic Economics" and you'll know more about what's going on than 90% of the population -- and 100% of Congress.
If you really want to have some fun, when in NYC, take the free tour of the NY Fed and the Gold Vault. I did so last week. I was the only American, the rest were Asians. There was a brief video clip before going into the vault. It explained that gold was a relic of the past, not a barbarous on as Keynes said, and that now a days money rested on the full faith and credit of the US Government. By this point we were all smirking and holding back laughs. It was the day the Fed created $1.25 trillion out of thin air. But the gold vault is an architectural masterpiece, holding 7,000 of European gold that was deposited during the run-up to WWII and is well worth the trip.
In what way? Be specific.
why was it created?
The Panic of 1907 showed we needed a lender of last resort, besides J.P. Morgan.
okay...so what has happened since then? Are you saying the Fed is the lender of last resort?
Ask open ended questions much?
Are you saying the Fed is the lender of last resort?
Of course they are.
“Where does money come from?”
I get mine from the bank.
Thanks for posting. Was it the Fed that said, “I just saved a bunch of money on my con-game by switching to Geithner”, or am I confusing them with something else? /commercial sarcasm
Fed up.
I get mine from the bank.
I didn't know Willie Sutton was a Freeper : )
Here is the youtube link to part one of of the speech series with video.http://www.youtube.com/watch?v=7auQEXTWomA
Currency is NOT money..
Only gold and silver are money, that’s why no country uses them anymore.
Great Book!
Looks to me like the Fed is the lender of first resort.
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