icemaη

Rab's Husband - The Regista
Moderator
Aug 27, 2008
36,368
The conspiracy theory tapes of some sort... My fiancé was going on about it the other day... Andy, how credible is the second film about the financial setup of the USA? I believe it was about the Federal bank and stuff like that...
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,146
icεmαή;2883527 said:
The conspiracy theory tapes of some sort... My fiancé was going on about it the other day... Andy, how credible is the second film about the financial setup of the USA? I believe it was about the Federal bank and stuff like that...
The part regarding money creation and debt is true. The Federal Reserve creates the currency, issues it to the US Treasury at interest, the interest must be repaid in the same denomination, so therefore money = debt. Ever since the Federal Reserve Act was established in 1913, the value of the dollar has declined pretty steadily, meaning we have inflation of prices of goods and deflation in the value of the US Dollar. So the filmmakers do a pretty good job of outlining this. Would should have never allowed the creation of a central bank in this country.
 

Lapa

FLY, EAGLES FLY
Sep 29, 2008
20,044
Drinkin' beer and listening to some good music.:beer:

I have no idea why I woke up so early. I feel a bit dizzy since I was totally wasted last night.
 

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