The Fed

Info:

The Money Masters - Part 1

The Money Masters - Part 2

Note to viewers/readers: these are very long clips (2+ hours total) purporting to show how central banks (and specifically the Federal Reserve in the US, which is not an official government agency) have sought, then lost, then regained, control of economies via a monopoly on the issuance of money.

Your thoughts or impressions Faust|?

Originally Posted by KukriKhan

Note to viewers/readers: these are very long clips (2+ hours total) purporting to show how central banks (and specifically the Federal Reserve in the US, which is not an official government agency) have sought, then lost, then regained, control of economies via a monopoly on the issuance of money.

Your thoughts or impressions Faust|?

Yes, you're right on...

Anyway, there's really nothing that I can say about the subject that is better than what the host says. It's an excellent documentary, and is based primarily in hard content (documents, laws, and quotes from past and present) and historical accounts, which is very, very refreshing. This kind of content gives a lot more weight to the rarer, somewhat more speculative, parts, although the factually-based stuff is always at the heart of the film (and is, for me, it's main strength).

I tend to believe what the film is saying for the most part, although I'm open to evidence to the contrary (which I would, likewise, try to analyze). Either way, the hours I spent watching it were definitely my best-spent time on the internet so far!

You like Ron Paul?

This has actually been posted before and I think I saw all or most of it.

My opinion is I'm not sure, I'm not a macroeconomist so it's hard for me to say whose arguments are correct.

Originally Posted by Faust|

Yes, you're right on...

Anyway, there's really nothing that I can say about the subject that is better than what the host says. It's an excellent documentary, and is based primarily in hard content (documents, laws, and quotes from past and present) and historical accounts, which is very, very refreshing. This kind of content gives a lot more weight to the rarer, somewhat more speculative, parts, although the factually-based stuff is always at the heart of the film (and is, for me, it's main strength).

I tend to believe what the film is saying for the most part, although I'm open to evidence to the contrary (which I would, likewise, try to analyze). Either way, the hours I spent watching it were definitely my best-spent time on the internet so far!

I'm not going to watch the video (2 hours is a bit long), but how do you think we should fix the Federal Reserve?

I do agree it is a problem and the amount of inflation being created is a nuisance along with the boom/bust cycles it creates (the current housing crisis).

I'm not really against the idea of a paper fiat currency, but I do believe more regulation is needed (stricter goals)

Originally Posted by Ice

I'm not going to watch the video (2 hours is a bit long), but how do you think we should fix the Federal Reserve?

I do agree it is a problem and the amount of inflation being created is a nuisance along with the boom/bust cycles it creates (the current housing crisis).

I'm not really against the idea of a paper fiat currency, but I do believe more regulation is needed (stricter goals)

Yes, it's actually 4 hours ... But I do encourage you to watch it sometime...

Actually, I'm not sure, but I think it would be hard to "fix" the Federal Reserve since it is mostly a private institution. I believe part of the board at the Fed is selected by the Senate (I don't think it's likely to end up with someone who is against the Fed on the board, though... and if so, certainly never more than one or two at a time). That kind of third degree control, I believe, is the only control we have over the Fed as it is.