Interesting video about the current financial system and problems

"

Cronk wrote:

"

Raycheetah wrote:

"Gold standards suck." - Mike Maloney

http://www.youtube.com/watch?v=VHNZ2Dd7NfU

Also, I dun recall in the OP vid ANY recommendation that anyone actually buy Gold. Yes, Mr. Maloney does sell precious metals, which is why I recall being surprised that there was no sales pitch.

The simple issue being examined in that vid was that debt-based currency is FRAUD, and its issuance is not only unlawful (in the case of the US Constitution, at least, whose definition of lawful money has been ignored since FDR's time), but harmful to those who work and save their wages.

I see no problem with informing those who wish to know the nuts and bolts of the current system of how it is run. Yes, it is a complex issue, which is what makes that vid so useful,as it simplifies it to the point where it is understandable, but still detailed enough not to leave out too much information.

To object to it on the basis of "But he sells Gold!" is to straw-man the fundamentals being discussed. Unless you have some argument in favor of the current structure of Central Banking and all its consequences, I see no reason for any objections to the vid.

As for your laudably-detailed examination of other aspects of economic activity, that's fine, but extends far beyond what is being discussed in the vid. ='[.]'=

I think it's quite obvious that the video is a purely negative video, in that it does not propose solutions, it does provide links to solutions, but if those solutions are coming from someone who is invested in the Gold Standard...

You might be right, his solutions might not be the Gold Standard, but to dismiss outright that causing public panic with no solution is suggestive that once the public are hateful of one system, they will be wide open to another, including Gold propagandists.

Though the video is good information, it's kind of trollish isn't it, in that it's just a purely negative production. I know there are links etc, but these videos are normally best circulated when they include the solution.

"

Veta321 wrote:

I wish I could people didn't have an agenda.

The big problem with the gold standard is that it encourages hoarding as opposed to investing and inhibits the fiscal multiplier effect. Further, allowing a central agency control of the money supply isn't necessarily a bad thing if that central agency is competent. Admittedly the US FR has not been so competent in the last 15 years and the deregulation of the financial sector has not helped. Ideally I would like a more tightly regulated financial sector and more transparency in both the SEC and FR.

Fiat is superior to the gold standard because it allows control of the money supply. It allows us to create a small inflationary incentive to not hoard and to take advantage of the both the fiscal and monetary multiplier effects.

"

Vincendra wrote:

I'd like to ask Cronk (and others of course): What do you think of the "Zeiteist" solution to this agenda? (the "Venus" project) http://www.thevenusproject.com/

"

Nightmare90 wrote:

"

Vincendra wrote:

I'd like to ask Cronk (and others of course): What do you think of the "Zeiteist" solution to this agenda? (the "Venus" project) http://www.thevenusproject.com/

Could care less about the movement but the followers act up like idiots.
In this manner I throw them together with right and left wing radicals.

"

He's right in a lot of the things he says, but it's the implementation which is the difficult bit and there's barely a single mention of how this plan would be implemented on a practical level.