Saturday, September 22, 2007

What's a US Dollar Worth? : The Fed, Money as Debt

Duration: 02:12 minutes
Upload Time: 07-09-16 15:14:18
User: ForAmerica
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Description:

Many ask: What is "Injecting Liquidity"? Do Deficits matter? Where is the US Dollar going with this war spending and Debt? See more: Paul Grignon's 47-minute animated presentation of "Money as Debt" "Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers." - Congressman Ron Paul ""The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value... Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." ---Alan Greenspan

Comments

irvpat ::: Favorites
This also explains why we have some many lottery tickets potentially giving away millions of dollars! Simple: there's no gold standard.
07-09-21 13:56:57
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irvpat ::: Favorites
Thanks for video. I always said we were dealing with Fiat money.
07-09-21 13:53:50
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ForAmerica ::: Favorites
WHAT IS AMELICAN
07-09-21 13:03:55
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fengfu ::: Favorites
to those detractors of US monetary policy, if you are amelican, you are not patriotic; if not, you are t-e-r-r-o-r-i--s--t.
07-09-21 02:31:57
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GHoeberX ::: Favorites
Nice video, you're right. Also have a look at this one which explains into more detail why the dollar will collapse: youtube. com/watch?v=4n3g5lUgkWk
07-09-19 17:56:00
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osvvald ::: Favorites
This is like a Matthew Lesko infomercial narrated by Vern Fonk.
07-09-18 17:49:26
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schizophrenic123 ::: Favorites
Funny thing is, a lot of people borrow money when they really don`t need too.
07-09-18 13:02:27
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blujaded ::: Favorites
When an individual cannot repay their debts, the creditor comes to reclaim property purchased with their funds. When our country cannot repay its debts, who will come to reclaim the property? Those who lent us the money - we'd better brush up on our Chinese...
07-09-18 00:06:29
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RmanDC ::: Favorites
When USSR was torn apart, the shit hit the fan. When american empire will lose it's economical structure, the shil will go though the roof and flud atleast half the world. That's when the Developed and Industrial nations will change places. IMHO
07-09-17 03:06:03
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BigFatTonyCal ::: Favorites
Time to stop compromising with Evil.
07-09-17 01:34:35
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