Debt-Based Banking
Watching the famous Money Masters video..
I saw it before years ago..
Get something new out of it each time I watch.
Something new this time: the U.S. has been using debt-based banking since the Civil War (i.e., 1864).
Some good quotes:
"The financial system ... has been turned over to ... the Federal Reserve Board. That board administers the finance system by authority of ... a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."
-- Congressman Lindbergh
"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board ... This evil institution has impoverished ... the people of the United States .. and has practically bankrupted our Government. It has done this through ... the corrupt practices of the moneyed vultures who control it."
-- Louis T. McFadden
"Most Americans have no real understanding of the international moneylenders ... The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and ... manipulates the credit of the United States."
-- Barry Goldwater.
I saw it before years ago..
Get something new out of it each time I watch.
Something new this time: the U.S. has been using debt-based banking since the Civil War (i.e., 1864).
Some good quotes:
"The financial system ... has been turned over to ... the Federal Reserve Board. That board administers the finance system by authority of ... a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money."
-- Congressman Lindbergh
"We have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board ... This evil institution has impoverished ... the people of the United States .. and has practically bankrupted our Government. It has done this through ... the corrupt practices of the moneyed vultures who control it."
-- Louis T. McFadden
"Most Americans have no real understanding of the international moneylenders ... The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and ... manipulates the credit of the United States."
-- Barry Goldwater.
posted by Paul Sholtz @ 11:13 PM
2 Comments:
At 4:11 PM,
Anonymous said…
A very good film. I must ask though, are you also familiar with Money, Banking, and the Federal Reserve from the Von Mises Institute?
It's much shorter, but it's a good film as well.
http://www.youtube.com/watch?v=LbiHpDnpoRc
At 12:47 AM,
Anonymous said…
Money Masters is a valuable resource on the history of banking. Ive recently been recommending this film to others and glad to see a number have done so. Its apparent they dont always grasp the gravity of what they just learned, but at the very least they have this information and are thinking.
Gremlin
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