Peter Shiff at OWS: "Walmart Doesn't Hold a Gun to Your Head!"

[sunshine05]

Forgive me if this is a duplicate. I didn't see it here yet.

I just received this email from Schiff through EuroPac:

A week ago today, I spent the afternoon visiting the Occupy Wall Street demonstrations in lower Manhattan. I brought a film crew and a sign that said "I Am The 1%, Let's Talk." The purpose was to understand what was motivating these protesters and try to educate them about what caused the financial crisis. I went down there with the feeling that much of their anger was justified, but broadly misdirected.

Indeed, there were plenty of heated discussions. I was called an idiot, a fool, a slave-driver, and a selfish person. But when we started talking about the issues, it seems like the protesters fell into two categories: those who generally understood and agreed that Washington caused this mess, and those who could only recite Democrat/union/Marxist talking points. It was the latter that usually resorted to calling names once I pointed out the hypocrisy of their positions. Usually, their argument boils down to, "the rich should be taxed until everyone is equal" or "the banks have taken over the regulatory agencies, so we need more regulations!"


I think some of the leadership of Occupy Wall Street comes from this kind of radical Marxist background, and perhaps they're smart to intentionally keep quiet about their goals. Because the vast majority of protesters I met did believe in capitalism - they're just tired of being screwed over by crony capitalism. Noted school-choice activist Michael Strong calls it "crapitalism," and that's what it is. It's a rotten deal for everyone, and they know it.

The problem is that many of these people are under the mistaken impression that Wall Street banks are to blame. That's like blaming the dogs for getting into the trash can. Sure, it's bad behavior, but the ultimate responsibility lies with the authority figures - in this case, Washington. After all, it's not the New York metro area that has benefitted the most from this crisis. Rather, the counties around DC are now ranking as the wealthiest in the country. And while wealthy New Yorkers have historically made their living providing essential financial services to the global economy, Washington has always made its living one way: at your expense.





http://www.youtube.com/watch?v=vZr9c1zYaOE


http://www.youtube.com/watch?v=UGL-Ex1CD1c

[joboo]

That 1% woman just escaped from a mental hospital.

[BrewTech]

The banks own the government, so how can government be the ultimate cause of all this?

[Large Sarge]

schiff is a 9/11 denier, old clip of him at a town hall (new hampshire?), and he makes fun of them all, and says "I have looked into 9/11 carefully, and the official story is true. some people think I am in on it, because I am jewish and deny 9/11 truth."

if he is that smart, why take the cheap shot, just duck it "
I have not really lookied into 9/11 at all...."

[Joe King]

The banks own the government, so how can government be the ultimate cause of all this?Because your gov chose to auction itself off to the highest bidder.



Thanks for posting that, Sunshine. I just hope that none of the lower-end thinkers he might talk to end up tryin' to pop him one.

[BrewTech]

Because your gov chose to auction itself off to the highest bidder.





Not too many people alive today that were around when that happened, Joe.

What many people don't understand is that the government is not in charge of the banks, and for all intents and purposes, never has been.

So again, why blame the government? It's not like they can change the rules or anything.

[Joe King]

schiff is a 9/11 denier, old clip of him at a town hall (new hampshire?), and he makes fun of them all, and says "I have looked into 9/11 carefully, and the official story is true. some people think I am in on it, because I am jewish and deny 9/11 truth."

if he is that smart, why take the cheap shot, just duck it "
I have not really lookied into 9/11 at all...."It just sounds like he gave his opinion of it and if some people do think he's "in on it", he spoke a truthful statement after giving that opinion.
...and everyone's entitled to their opinion, aren't they?

He can be right on some things and wrong on others, right? Y'know, just like everyone else is?

[Book]

...and everyone's entitled to their opinion, aren't they?



http://i43.tower.com/images/mm101939222/jacob-h-schiff-study-in-american-jewish-leadership-naomi-wiener-cohen-hardcover-cover-art.jpg

::) tribal loyalty...lol.

[vacuum]

I'm not gonna spend time watching that video.....but about the whole argument of "well don't shop there" or "work harder to get a job" - its a deception. As the video Money as Debt clearly shows, there isn't enough money in existence to pay back all of the debt owed in various forms. So you will always have the weakest segment of society that can't take care of themselves in this model. The solution isn't to tell that weakest part of society to try harder and be more competitive because then another group will be the new weakest group.

On an individual scale, yes, all you have to do is out-run your competitor to be ok. With enough work, you can do it. But do we really want to have life be about which slave can work harder than the rest? Its a ridiculous game. So all these people constantly saying, don't buy at walmart, work harder, be more dedicated, sacrifice more - ironically they are the ones supporting the entire system by mindlessly outworking the majority of others.

So these types of clips really bother me. On the one side you've got young people who instinctively don't want to be slaves all their lives, and on the other side you've got the self-deceived intellectuals who are usually full of themselves and defend the system because they identify with their own self importance brought on by amassing knowledge.

[solid]

::) tribal loyalty...lol.

Oh fucking bullshit.

Schiff is a financial politician. He wants folks to wake up, to what our gov's done. His battle is not conspiracies, 9/11, etc, which is why he won't go there. He knows that would discredit him.

He's the main guy that woke me up, to precious metals. I bought gold at $800, and silver at $10, damn glad I did. Schiff is doing his part.

Book, you are so blinded by hate, you fail to see folks who take action, to better the world. You just see a religion, or a race.

That, my friend, is one big ******* disgrace. Imo.

[Shami-Amourae]

Oh fucking bullshit.

Schiff is a financial politician. He wants folks to wake up, to what our gov's done. His battle is not conspiracies, 9/11, etc, which is why he won't go there. He knows that would discredit him.

He's the main guy that woke me up, to precious metals. I bought gold at $800, and silver at $10, damn glad I did. Schiff is doing his part.

Book, you are so blinded by hate, you fail to see folks who take action, to better the world. You just see a religion, or a race.

That, my friend, is one big ******* disgrace. Imo.

Peter's father, Irwin Schiff is in jail now for trying to wake people up the the IRS and Federal Reserve system. He was a tax protestor and tried to encourage others to tax protest. Their ancestors (the Schiffs) were definitely capos for the Rothschilds, but I honestly believe they are good people now trying to do the right thing within the system. If these people were the bad guys then Irwin wouldn't have risked, and lost his freedom (gone to jail) to try to inform and educate the American people.

[Joe King]

Not too many people alive today that were around when that happened, Joe.I realize that. Which is why I always refer to and make referrence of, "those alive at the time" when it comes to whose watch all this crap was started under.



What many people don't understand is that the government is not in charge of the banks, and for all intents and purposes, never has been.

So again, why blame the government? It's not like they can change the rules or anything.The banks have merely done what was allowed them by the gov to do.

[Joe King]

I'm not gonna spend time watching that video.....but about the whole argument of "well don't shop there" or "work harder to get a job" - its a deception. As the video Money as Debt clearly shows, there isn't enough money in existence to pay back all of the debt owed in various forms. So you will always have the weakest segment of society that can't take care of themselves in this model. The solution isn't to tell that weakest part of society to try harder and be more competitive because then another group will be the new weakest group.

On an individual scale, yes, all you have to do is out-run your competitor to be ok. With enough work, you can do it. But do we really want to have life be about which slave can work harder than the rest? Its a ridiculous game. So all these people constantly saying, don't buy at walmart, work harder, be more dedicated, sacrifice more - ironically they are the ones supporting the entire system by mindlessly outworking the majority of others.

So these types of clips really bother me. On the one side you've got young people who instinctively don't want to be slaves all their lives, and on the other side you've got the self-deceived intellectuals who are usually full of themselves and defend the system because they identify with their own self importance brought on by amassing knowledge.I don't think he was defending the system at all. If you'd wastch the vid, he's saying the system is the problem.
...and the gov is the entity that created the system currently in use.

[vacuum]

I'm not gonna spend time watching that video.....but about the whole argument of "well don't shop there" or "work harder to get a job" - its a deception. As the video Money as Debt clearly shows, there isn't enough money in existence to pay back all of the debt owed in various forms. So you will always have the weakest segment of society that can't take care of themselves in this model. The solution isn't to tell that weakest part of society to try harder and be more competitive because then another group will be the new weakest group.

On an individual scale, yes, all you have to do is out-run your competitor to be ok. With enough work, you can do it. But do we really want to have life be about which slave can work harder than the rest? Its a ridiculous game. So all these people constantly saying, don't buy at walmart, work harder, be more dedicated, sacrifice more - ironically they are the ones supporting the entire system by mindlessly outworking the majority of others.

So these types of clips really bother me. On the one side you've got young people who instinctively don't want to be slaves all their lives, and on the other side you've got the self-deceived intellectuals who are usually full of themselves and defend the system because they identify with their own self importance brought on by amassing knowledge.
Yeah, unfortunately watching this video, he's talking about "true capitalism" as the solution, and lack of it as the problem. Unless the fundamental problem with money creation is addressed, any talk of "isms" is totally pointless.

I would much rather live in under a socialist society with an honest money system than a pure capitalist society under a debt based monetary system. I always find these impassioned people talking about capitalism vs socialism to be just pawns or tools designed to clash. I've never ever heard any popular movement talk about the monetary system.

[Joe King]

That, my friend, is one big ******* disgrace. Imo.That's our Book. He's such a sweet boy. lol ::)

[Large Sarge]

http://www.youtube.com/watch?v=Zf77yqkjk_M

[Joe King]

Yeah, unfortunately watching this video, he's talking about "true capitalism" as the solution, and lack of it as the problem. Unless the fundamental problem with money creation is addressed, any talk of "isms" is totally pointless.

I would much rather live in under a socialist society with an honest money system than a pure capitalist society under a debt based monetary system. I always find these impassioned people talking about capitalism vs socialism to be just pawns or tools designed to clash. I've never ever heard any popular movement talk about the monetary system.
What if you've been provided with the debt-based monetary system in order to help you to choose socialism?

[Large Sarge]

do a google search on Alex jones and peter schiff, lots of interviews over the years. (saw it going back to 2008), and yet peter is so uninformed, that he goes on the radio/tv with the worlds biggest 9/11 truth activist (alex jones), and claims to "know nothing" about it for years on end.

Kind of like going on Christian Broadcast Radio, and not realizing Pat Robertson is a preacher

Same with Ron Paul, he has been on AJ's show lots of times, yet RP will always duck 9/11 "to controversial" is as close as he will come, and that was on the campaign trail, and he was caught off guard

if you are not kosher approved, you do not get on.

Jeff rense is an exception

Daryl Bradford Smith also

John Kaminski

Chris Bollyn

etc

"its a conspiracy of silence Peter"

and you are part of that.

[Book]

Their ancestors (the Schiffs) were definitely capos for the Rothschilds, but I honestly believe they are good people now trying to do the right thing within the system.



http://videos.beautyhealthdiet.com/wp-content/uploads/mvbthumbs/img_1544_peter-schiff-rehab-diet-for-us-gluttons-rt.jpg

https://encrypted.google.com/search?q=grubbing&hl=en&biw=1280&bih=576&gbv=2&source=lnms&ei=HCyqTproDeLiiALjhpn2Cg&sa=X&oi=mode_link&ct=mode&cd=1&ved=0CC8Q_AUoAA#sclient=psy-ab&hl=en&gbv=2&source=hp&q=money+grubbing+jews&pbx=1&oq=money+grubbing&aq=2&aqi=g4&aql=1&gs_sm=c&gs_upl=0l0l1l162l0l0l0l0l0l0l0l0ll0l0&bav=on.2,or.r_gc.r_pw.,cf.osb&fp=afbc87e2ba92858e&biw=1280&bih=576

::) Still grubbing money...lol.

[Horn]

The banks own the government, so how can government be the ultimate cause of all this?

The Banks aren't going to fix it either.

All's the Gov. needs to do is sign away the Federal Reserve, and they've got their power to print interest free back.

Schiff will not recommend that.

[Shami-Amourae]

What do you think of this?

http://www.youtube.com/watch?v=k4JgIAtKUCU

[joboo]

Schiff doesn't have the time to research 9/11 conspiracy websites on the internet. And even if he did, he was running at one point so why would he come out and jump into that argument to reduce his credibility?

He's striking at the root of the problem, and educating a lot of people to protect, and better themselves against the onslaught.

If you want to really find out where he is on the Zionist scale at look at his stance on the wars. He's anti war.

That's really all there is to it.

Which is why Ponce has a very valid point that not all Jews are Zionists, and broad stroking is flat out racism.

If anyone knows Ry @ anti-neocons, and how much he's done to educate on matters, he actively bans people on a regular basis for Jews v.s. Zionists comments.

[Large Sarge]

all the major wars benefit Israel (ww1, WW2, and the current fiascoes)

how many jews support and Love Israel?

he is not talking about 9/11 because the truth hurts Israel.....

and if he did tell people, then they would look at the media ownership (who is hiding these whopper lies, etc)

its all a big tangled web.

and technically Ponce is correct, but from my own observations, 90% of all jews love Israel over their homeland that they reside in.

look at 9/11 for gods sake, how do you get that level of support, and complicity....?

[joboo]

Being aware is the same for any group of people.

Lots love Israel, but have no idea about politics, 9/11, or foreign policy. They read little to nothing about it and get educated on matters in front of a TV.

Same with the majority of Americans, Canadians, etc... Love their country/identity but know little to nothing about politics, economics, or foreign policy.

[Large Sarge]

he was on alex bullhorn jones....

how can he not be aware of 9/11?

if I go on pat robertsons program, do you think he is going to mention god?

look, i try and give folks the benefit of the doubt also.

I have my issues with jim sinclair also

some of these influential folks, with lots of investing ears listening, could tell people "buy physical silver", and the game is over.

but instead of investing in $40 billion dollar silver market

Schiff, Sinclair and others tell them to invest in a $4.9 trillion dollar gold market, similar to a flea on a whale....

[Twisted Titan]

The banks own the government, so how can government be the ultimate cause of all this?



and if I was down I would have asked schiff .........and who owns he banks?

The Chinese
The Italians
The Jews
The irish


And I would watch his hooked nose quickly turn back to that 1% lady and pound on her some more and ignore my relevant question entirely

[Bigjon]

Peter's father, Irwin Schiff is in jail now for trying to wake people up the the IRS and Federal Reserve system. He was a tax protestor and tried to encourage others to tax protest. Their ancestors (the Schiffs) were definitely capos for the Rothschilds, but I honestly believe they are good people now trying to do the right thing within the system. If these people were the bad guys then Irwin wouldn't have risked, and lost his freedom (gone to jail) to try to inform and educate the American people.

Is he in jail, have you seen him there? Or are you reporting what the Jewsmedia tells us?
Schiff provided an object lesson in what happens when you don't pay your taxes. Now all you little goyim please pay up or go to jail.

[sunshine05]

Well, I invest in Schiff's firm and have done very well. I believe he understands economics better than anyone.

And he doesn't only recommend gold. He also recommends silver and foreign investments and the key there is getting out of the dollar.

[Twisted Titan]

Well, I invest in Schiff's firm and have done very well. I believe he understands economics better than anyone.

And he doesn't only recommend gold. He also recommends silver and foreign investments and the key there is getting out of the dollar.



is shciff stilll spewing that claptrap that his client should own a basket of currencies?

[Awoke]

Oh fucking bullshit.

Schiff is a financial politician. He wants folks to wake up, to what our gov's done. His battle is not conspiracies, 9/11, etc, which is why he won't go there. He knows that would discredit him.


But he does go there, and he tows the gubbermint line. Book is right.

[undgrd]

The banks own the government, so how can government be the ultimate cause of all this?

Maybe a federally chartered bank. What about a state chartered bank?

[Awoke]

If the Pope has it his way, it will be a global bank. Then what?

[Ares]

Is he in jail, have you seen him there? Or are you reporting what the Jewsmedia tells us?
Schiff provided an object lesson in what happens when you don't pay your taxes. Now all you little goyim please pay up or go to jail.

I live in Indiana, and I know for a fact that Irwin Schiff is in the Terre Haute Federal Corrections Facility, I'll even do you one better and supply you with his registration number where you can go look yourself.

IRWIN A SCHIFF Registration Number - 08537-014 Age and Race - 83-White-M Release Date - 10-07-2016

You can call the facility yourself

Phone: 812-238-1531
Fax: 812-238-3301
E-mail address2: THA/EXECASSISTANT@BOP.GOV

Not everything is a conspiracy.

[Awoke]

Uhh, yes, Ares. Everything is a conspiracy.

[sunshine05]

is shciff stilll spewing that claptrap that his client should own a basket of currencies?

I'm not familiar with that but it's basically the same strategy that Jim Rogers suggests - foreign commodities, agricultural stocks, metals, etc. I don't own any currencies, but I do believe it makes sense that the dollar will ultimately be the worst place to have your investments tied to. I'm not trying to convince anyone of anything. I personally have done well investing with Europac.

[Ash_Williams]

So again, why blame the government? It's not like they can change the rules or anything.

Because as long as people give the government so much power, it will be corrupt, bought out, owned, etc.
If the banks hadn't done it, someone else would have.
The more power the government has, the quicker it will corrupt.
Jefferson felt we needed a revolution every 20 years to clean it up... and that was a time when the government had far less power. These days, we'd need a revolution every 18 seconds... by which I mean it is impossible to keep a government with this much power from being corrupted.

[DMac]

Schiff doesn't have the time to research 9/11 conspiracy websites on the internet. And even if he did, he was running at one point so why would he come out and jump into that argument to reduce his credibility?

He's striking at the root of the problem, and educating a lot of people to protect, and better themselves against the onslaught.

If you want to really find out where he is on the Zionist scale at look at his stance on the wars. He's anti war.

That's really all there is to it.

Which is why Ponce has a very valid point that not all Jews are Zionists, and broad stroking is flat out racism.

If anyone knows Ry @ anti-neocons, and how much he's done to educate on matters, he actively bans people on a regular basis for Jews v.s. Zionists comments.


Anti-War?

Watch this - Schiff in his own words. Schiff and Ron Paul have a difference in foreign policy objectives.

"I might have gone into Afghanistan to get bin Laden."
"I might have gone into Iraq, we had intelligence they had WMDs, to take them out.."
"Just like Iran....if we really believe they have weapons, you need to let our inspectors in there. If they don't we blow the place up."

"We just don't need to occupy these nations.."

::)



http://www.youtube.com/watch?v=Kiw6ZC7Fdnc

[Neuro]

Rothschild bankster descendant:
The problem is that many of these people are under the mistaken impression that Wall Street banks are to blame.
lol

[Bigjon]

I live in Indiana, and I know for a fact that Irwin Schiff is in the Terre Haute Federal Corrections Facility, I'll even do you one better and supply you with his registration number where you can go look yourself.

IRWIN A SCHIFF Registration Number - 08537-014 Age and Race - 83-White-M Release Date - 10-07-2016

You can call the facility yourself

Phone: 812-238-1531
Fax: 812-238-3301
E-mail address2: THA/EXECASSISTANT@BOP.GOV

Not everything is a conspiracy.

In other words, you haven't really seen him either. Of course they have his number and say here he is.

Everything is a conspiracy. It's the Jews ticket to the kingdom.

[Horn]

What do you think of this?

http://www.youtube.com/watch?v=k4JgIAtKUCU

6% goes along way, the bigger thing is that you will loose all the shadow governing bodies that are screwing things up with their too big to fail "investments".

This guy's thinking at least slowly.

The U.S. government would be forced to downsize as they won't have the outside investment in their currency for at least a very long time. And also would have many pissed off nations that are already invested as the would have to fully or partially default on those existing bonds. Which could & would lead to counter strikes by those nations.

That is the larger "fear" of dissolving the Fed.

Iceland is on such a path. Only the largest nations, or smallest (self sufficient) nations can try this. All those that are tied in the middle somewhere are stuck until something outside changes.

[Ares]

In other words, you haven't really seen him either. Of course they have his number and say here he is.

Everything is a conspiracy. It's the Jews ticket to the kingdom.

You need to learn the difference between Orthodox Jews and Zionist Jews, Irwin or Peter is hardly a Zionist.

Don't forget your hat http://www.kaitaia.com/funny/g2/d/17947-1/tinfoil-hat.jpg

If you think they are going to hide a tax protestor, you need to look at the other cases of people who protested the income tax and didn't win their case. They made it very public.

[Shami-Amourae]

Follow up debate from the Wall Street discussions:

http://www.youtube.com/watch?v=-HdsXt5lPro

[Bigjon]

You need to learn the difference between Orthodox Jews and Zionist Jews, Irwin or Peter is hardly a Zionist.

Don't forget your hat http://www.kaitaia.com/funny/g2/d/17947-1/tinfoil-hat.jpg

If you think they are going to hide a tax protestor, you need to look at the other cases of people who protested the income tax and didn't win their case. They made it very public.

Ah yeh for aires, he believes some talmud worshippers are better than other talmud worshippers.

The talmud has one message Jews are superior and everyone else is their cattle.

Gentile tax protesters go to jail, who runs the courts, who runs the jails.

Don't forget that big hook in your mouth.

[Horn]

Schiff says its O.K. outsourcing to be absolutely free, I'm sure he's opposed to import tax as well.

An outsourced merchant should be truly outsourced, not a national acrobat that can swim through large untouchable loopholes.

By renouncing their citizenship, and become citizens only to the outsourced nation, they can then be taxed there.

If we all play by the same rules.

Schiff is the epitome of a money changer, and that's also how he makes his due, of course he's going to distract peoples away from capitalizing on his game.



“Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains.”
—Thomas Jefferson (http://silencednomore.com/tag/thomas-jefferson/)

[Bigjon]

6% goes along way, the bigger thing is that you will loose all the shadow governing bodies that are screwing things up with their too big to fail "investments".

This guy's thinking at least slowly.

The U.S. government would be forced to downsize as they won't have the outside investment in their currency for at least a very long time. And also would have many pissed off nations that are already invested as the would have to fully or partially default on those existing bonds. Which could & would lead to counter strikes by those nations.

That is the larger "fear" of dissolving the Fed.

Iceland is on such a path. Only the largest nations, or smallest (self sufficient) nations can try this. All those that are tied in the middle somewhere are stuck until something outside changes.

6% of what.

The what has never been audited, they tell us what their internal audit shows, but no outside independent audit ever happens on the whole show. We get to look in the living room and the front porch, but the rest of the house is off limits.

[Horn]

6% of what.

That was his number, for what the Fed. or banks take, I have no idea either.

Whatever it is, it is the price/percentage needed to maintain control power over the "system".


http://www.youtube.com/watch?v=zPOIOUq2eBY

[Ares]

Ah yeh for aires, he believes some talmud worshippers are better than other talmud worshippers.

The talmud has one message Jews are superior and everyone else is their cattle.

Gentile tax protesters go to jail, who runs the courts, who runs the jails.

Don't forget that big hook in your mouth.

If you want to walk down the path of blind hatred, be my guest. Just because a book that was written by Jews proclaims themselves to be superior doesn't mean everyone who reads it feels or appoint themselves as superior.

But don't let me stand in your way of being absolutely ignorant. You have the right to be if you so choose to be.

I can name plenty of non jews who are in control who worship the bible and are completely deluded by their own self idolized worth. It cuts both ways. It all boils down to human greed, those who can't keep it in check and those who can.

I judge people by their actions, not their faith. Keep a close eye on that person in the mirror. If you want to blame anyone for who is in power and control you're already looking at him.

[Bigjon]

I live in Indiana, and I know for a fact that Irwin Schiff is in the Terre Haute Federal Corrections Facility, I'll even do you one better and supply you with his registration number where you can go look yourself.

IRWIN A SCHIFF Registration Number - 08537-014 Age and Race - 83-White-M Release Date - 10-07-2016

You can call the facility yourself

Phone: 812-238-1531
Fax: 812-238-3301
E-mail address2: THA/EXECASSISTANT@BOP.GOV

Not everything is a conspiracy.

Everything is a conspiracy. Period.

I do believe Irwin is in some country club federal facility, but you can't really be sure.

The Jews are good at sacrificing a few of their own to provide cover for the rest. The analogy extends to the Mason's where most of them are porch Mason's and are totally clueless as to the real goals of the organization.

The Holohoax is a good example as some Jews were sacrificed to provide the cover they have now "The eternal victim status".

I think the Jews are just as controlled as the rest of us. They even believe their own bullshit.

[Bigjon]

If you want to walk down the path of blind hatred, be my guest. Just because a book that was written by Jews proclaims themselves to be superior doesn't mean everyone who reads it feels or appoint themselves as superior.

But don't let me stand in your way of being absolutely ignorant. You have the right to be if you so choose to be.

I can name plenty of non jews who are in control who worship the bible and are completely deluded by their own self idolized worth. It cuts both ways. It all boils down to human greed, those who can't keep it in check and those who can.

I judge people by their actions, not their faith. Keep a close eye on that person in the mirror. If you want to blame anyone for who is in power and control you're already looking at him.

Ah, going to play the old hate card, a favorite Jew tactic.

Jews have a patent on that word.

Are you a Jew?

Inquiring minds want to know.

[Horn]

Jews = 1437 race.

Attack it at will.

http://500motivators.com/plog-content/thumbs/motivate/me/large/212-jew-jitsu-they-will-win.jpg

[Ares]

Ah, going to play the old hate card, a favorite Jew tactic.

Jews have a patent on that word.

Are you a Jew?

Inquiring minds want to know.

You're the one spouting hate, not me. You hate an entire religion, hey that's your deal not mine. I could care less who you hate. I just want you to look at individuals instead of groups, because you start going down that path you're no better off than TPTB who use the divide and conquer technique since the dawn of civilization so that the have nots destroy the haves and do it all over again.. So please, by all means keep with the group think.

I despise the Jewish religion, and I am not an Semite. Unlike you I do know the difference.

[iOWNme]

I found it very ironic that the black gentleman in the first video brought up slavery....As he is fighting to destroy any semblance of Private Property that is left in this country.

Let me tell you this: The one, single, only RIGHT that every man has, is the RIGHT TO PRIVATE PROPERTY. It comes before Life or Liberty. For without the absolute RIGHT to Private Property; YOU ARE A SLAVE.

Slaves are still breathing.

I put NO VALUE on my life, and i put 100% of all my value into MY RIGHTS. I dont care about my life, i care about my Rights.

[solid]

Book is right.

Awoke, Book is not right. He takes an issue, one we can all agree on...then bundles it up to blame a whole group of folks based upon either race or religion.

It does not take a genius to see this. Lot's of innocent, good folks, get lumped up to blame in 'Booklore'.

[Bigjon]

You're the one spouting hate, not me. You hate an entire religion, hey that's your deal not mine. I could care less who you hate. I just want you to look at individuals instead of groups, because you start going down that path you're no better off than TPTB who use the divide and conquer technique since the dawn of civilization so that the have nots destroy the haves and do it all over again.. So please, by all means keep with the group think.

I despise the Jewish religion, and I am not an Semite. Unlike you I do know the difference.

So despising is not hate, but criticism of the Talmud and the deceptions of the Jews is.

Gee thanks, I've never learned so much as reading your blather.

[Ares]

So despising is not hate, but criticism of the Talmud and the deceptions of the Jews is.

Gee thanks, I've never learned so much as reading your blather.

You only learn what you want to learn. Which obviously is very little. You don't even know the difference between hate and despise. There's no talking to people like that. Learn the language in which you speak and get back to me.

de·spised, de·spis·ing, de·spis·es
1. To regard with contempt or scorn: despised all cowards and flatterers.
2. To dislike intensely; loathe: despised the frigid weather in January.
3. To regard as unworthy of one's interest or concern: despised any thought of their own safety.

hat·ed, hat·ing, hates
v.tr.
1.
a. To feel hostility or animosity toward.
b. To detest.
2. To feel dislike or distaste for: hates washing dishes.
v.intr.
To feel hatred.
n.
1. Intense animosity or dislike; hatred.
2. An object of detestation or hatred: My pet hate is tardiness.

You can't even disassociate people from a religion. Yours is the most despicable kind of hatred. Blind and stupid.

[sunshine05]

I guess I need to be careful not to post another Schiff thread here. I never expected all of this.

[Ares]

I guess I need to be careful not to post another Schiff thread here. I never expected all of this.

Nothing wrong with what you posted Sunshine. I just get tired of feeling like I'm on stormfront with people harping about an entire religion. Either lacking the ability to see the picture objectively and realize that there are variables when it comes to humans. Instead you get the typical neanderthal group think of morons claiming "it's da jews". Okay, so which ones? Orthodox or Zionist?

Group think is a plague and is used to divide us amongst ourselves. Those who fail to see that are the problem and will only doom us to repeating our failures.

[Joe King]

I guess I need to be careful not to post another Schiff thread here. I never expected all of this.
It's just more of the "if someone doesn't believe 100% in everything I believe he/she's obviously a jew, shill, satanist, etc etc etc" that is displayed by certain ones here.

I'd say continue to post whatever you want, Sunshine. I for one, am glad you posted those vids. Thanks.

[Joe King]

Instead you get the typical neanderthal group think of morons claiming "it's da jews". Okay, so which ones? Orthodox or Zionist?

Funny you should mention Neanderthals. I saw this vid the other day on youtube. I thought some here might find it, ummm, interesting. :)
Not sure why, but it doesn't seem to want to embed.

https://www.youtube.com/watch?v=yAzWNkCMt8w&feature=related





Group think is a plague and is used to divide us amongst ourselves. Those who fail to see that are the problem and will only doom us to repeating our failures.Yep, it sure is....but what else would you expect from the short-sighted and narrow minded?

[Horn]

Yep, it sure is....but what else would you expect from the short-sighted and narrow minded?

They will send satellites up that are designed to fall back down on their heads..:cool:

[solid]

Funny you should mention Neanderthals. I saw this vid the other day on youtube. I thought some here might find it, ummm, interesting. :)?

What do you get when you cross a Neanderthal with an asshole? A Neanderhole.

I'd say this forum has it's share of racist, religious hating Neanderholes. The problem with Neanderholes, is like Neanderthals, they've just never evolved. They are stuck in a group think existance. Plus, they are assholes to boot. The combination is quite one, for sure. Indeed an interesting world we live in, trying to coexist, with neanderholes.

[Joe King]

They will send satellites up that are designed to fall back down on their heads..:cool:Perhaps not if we'd just attach boosters to them. lol

[Book]

I just get tired of feeling like I'm on stormfront with people harping about an entire religion...claiming "it's da jews".



http://www.adl.org/images/banner-hp-end-of-year-2010.jpg

::)

[Book]

I despise the Jewish religion, and I am not an Semite. Unlike you I do know the difference.



http://stbjp.msn.com/i/FC/9AB5D7FD82873EB8B19B95C76B10C9.jpg

::) Yeah...telling a good jew from a bad jew is easy...lol.

[solid]

delete

[Bigjon]

You only learn what you want to learn. Which obviously is very little. You don't even know the difference between hate and despise. There's no talking to people like that. Learn the language in which you speak and get back to me.

de·spised, de·spis·ing, de·spis·es
1. To regard with contempt or scorn: despised all cowards and flatterers.
2. To dislike intensely; loathe: despised the frigid weather in January.
3. To regard as unworthy of one's interest or concern: despised any thought of their own safety.

hat·ed, hat·ing, hates
v.tr.
1.
a. To feel hostility or animosity toward.
b. To detest.
2. To feel dislike or distaste for: hates washing dishes.
v.intr.
To feel hatred.
n.
1. Intense animosity or dislike; hatred.
2. An object of detestation or hatred: My pet hate is tardiness.

You can't even disassociate people from a religion. Yours is the most despicable kind of hatred. Blind and stupid.


Well like I said Jews always use the hate card, whenever someone dares to criticize their behavior and their religion. I think you are a Jew, who hates to hear the truth about Jews.

Most Jews today are not Semites.

And their religion is hate, never forgive, never forget, hold that hate in your heart. I can feel the hate coming off of you.

[Bigjon]

Nothing wrong with what you posted Sunshine. I just get tired of feeling like I'm on stormfront with people harping about an entire religion. Either lacking the ability to see the picture objectively and realize that there are variables when it comes to humans. Instead you get the typical neanderthal group think of morons claiming "it's da jews". Okay, so which ones? Orthodox or Zionist?

Group think is a plague and is used to divide us amongst ourselves. Those who fail to see that are the problem and will only doom us to repeating our failures.

OK, which of those groups of Jews disavows the Talmud. The book of hate (http://www.come-and-hear.com/editor/index.html).

Sorry, I don't want to join your group.

[joboo]

Anti-War?

Watch this - Schiff in his own words. Schiff and Ron Paul have a difference in foreign policy objectives.

"I might have gone into Afghanistan to get bin Laden."
"I might have gone into Iraq, we had intelligence they had WMDs, to take them out.."
"Just like Iran....if we really believe they have weapons, you need to let our inspectors in there. If they don't we blow the place up."

"We just don't need to occupy these nations.."

::)



http://www.youtube.com/watch?v=Kiw6ZC7Fdnc


If you don't occupy countries with troops there isn't much of a war going on in the military sense, so he's consistent about what he says in that regard.

The problem I have with the conspiracy angle on him is why would he be calling out the system years in advance with predictions when everyone was laughing at him? Why would he bother to expose the corruption instead of just quietly profiting from it?

[Neuro]

If you don't occupy countries with troops there isn't much of a war going on in the military sense, so he's consistent about what he says in that regard.

The problem I have with the conspiracy angle on him is why would he be calling out the system years in advance with predictions when everyone was laughing at him? Why would he bother to expose the corruption instead of just quietly profiting from it?
Controlled opposition... Further the publicity made people invest in his fund...

[Bigjon]

I'm not gonna spend time watching that video.....but about the whole argument of "well don't shop there" or "work harder to get a job" - its a deception. As the video Money as Debt clearly shows, there isn't enough money in existence to pay back all of the debt owed in various forms. So you will always have the weakest segment of society that can't take care of themselves in this model. The solution isn't to tell that weakest part of society to try harder and be more competitive because then another group will be the new weakest group.

On an individual scale, yes, all you have to do is out-run your competitor to be ok. With enough work, you can do it. But do we really want to have life be about which slave can work harder than the rest? Its a ridiculous game. So all these people constantly saying, don't buy at walmart, work harder, be more dedicated, sacrifice more - ironically they are the ones supporting the entire system by mindlessly outworking the majority of others.

So these types of clips really bother me. On the one side you've got young people who instinctively don't want to be slaves all their lives, and on the other side you've got the self-deceived intellectuals who are usually full of themselves and defend the system because they identify with their own self importance brought on by amassing knowledge.

God, their all over the place, everyone believes this LIE.


http://www.freedomforceinternational.org/printerfriendly.cfm?pffile=money_as_debt_content.c fm

MONEY AS DEBT
An instructional video that gets a flunking grade
An analysis by G. Edward Griffin, 2007 June 7

Money As Debt is a well-produced instructional video explaining the inequities in the present world’s banking system. In many respects it does an excellent job, but it misses the mark in several important areas. For example, it perpetuates the myth that interest can never be paid back in its entirety because banks do not create enough money to cover the principle plus the interest. I dealt with this myth on page 191 of my book, The Creature from Jekyll Island, as follows:
WHO CREATES THE MONEY TO PAY THE INTEREST?
One of the most perplexing questions associated with this process is “Where does the money come from to pay the interest?” If you borrow $10,000 from a bank at 9%, you owe $10,900. But the bank only manufactures $10,000 for the loan. It would seem, therefore, that there is no way that you – and all others with similar loans – can possibly pay off your indebtedness. The amount of money put into circulation just isn’t enough to cover the total debt, including interest. This has led some to the conclusion that it is necessary for you to borrow the $900 for the interest, and that, in turn, leads to still more interest. The assumption is that, the more we borrow, the more we have to borrow, and that debt based on fiat money is a never-ending spiral leading inexorably to more and more debt.

This is a partial truth. It is true that there is not enough money created to include the interest, but it is a fallacy that the only way to pay it back is to borrow still more. The assumption fails to take into account the exchange value of labor. Let us assume that you pay back your $10,000 loan at the rate of approximately $900 per month and that about $80 of that represents interest. You realize you are hard pressed to make your payments so you decide to take on a part-time job. The bank, on the other hand, is now making $80 profit each month on your loan. Since this amount is classified as “interest,” it is not extinguished as is the larger portion which is a return of the loan itself. So this remains as spendable money in the account of the bank. The decision then is made to have the bank’s floors waxed once a week. You respond to the ad in the paper and are hired at $80 per month to do the job. The result is that you earn the money to pay the interest on your loan, and – this is the point -the money you receive is the same money that you previously had paid. As long as you perform labor for the bank each month, the same dollars go into the bank as interest, then out the revolving door as your wages, and then back into the bank as loan repayment.

It is not necessary that you work directly for the bank. No matter where you earn the money, its origin was a bank, and its ultimate destination is a bank. The loop through which it travels can be large or small, but the fact remains all interest is paid eventually by human effort. And the significance of that fact is even more startling than the assumption that not enough money is created to pay back the interest. It is that the total of this human effort ultimately is for the benefit of those who create fiat money. It is a form of modern serfdom in which the great mass of society works as indentured servants to a ruling class of financial nobility.

It is dissapointing that the producers of this program perpetuated the “no-interest-money” myth but it was even more dissapointing to see them jump on the fiat-money bandwagon as a so-called solution to the banking problem. Yes, they actually propose that the solution to fiat money created out of nothing by the banks is to have fiat money created out of nothing by the government, as though politicians are any more trustworthy than bankers.

One of the primary references cited for this video is another video documentary entitled The Money Masters, written and produced by Bill Still. Still has been a leading advocate of government fiat money, so it is clear where this non-solution came from. If you are interested in my in depth analysis of this concept and of Still’s work in particular, see: Meet Bill Still, Fiat-Money Advocate.

[joboo]

Controlled opposition... Further the publicity made people invest in his fund...


Why nobody from the gov doing it then? So you're saying Schiff is elite deception. He's the chosen one picked to lead the sheeple back when only a handful of people figured it out?

How bout Ron Paul? He did the same as was ridiculed. Is he in on it too? In fact Ron Paul should be the godfather of controlled opposition, he's been saying it for decades.

[Neuro]

Why nobody from the gov doing it then? So you're saying Schiff is elite deception. He's the chosen one picked to lead the sheeple back when only a handful of people figured it out?

How bout Ron Paul? He did the same as was ridiculed. Is he in on it too? In fact Ron Paul should be the godfather of controlled opposition, he's been saying it for decades.
Yes Schiff is elite deception and he is good, two major points:
1) It is not the bankers
2) 911 was done by Bin Laden

I am not sure about Ron Paul, he may not speak about the 911 conspiracy, because he knows it would be political suicide, but he could very well be controlled opposition too...

[Bigjon]

Yes Schiff is elite deception and he is good, two major points:
1) It is not the bankers
2) 911 was done by Bin Laden

I am not sure about Ron Paul, he may not speak about the 911 conspiracy, because he knows it would be political suicide, but he could very well be controlled opposition too...

Exactly, RP, could be controlled opposition, but I'm a supporter because he does have the right message. That message needs to get out and it could light a fire in the grass roots. I don't know what good a fire is when Diebold (2 Russian Jews own) and other Jewish owned firms will be deciding what our vote totals are.

[Twisted Titan]

God, their all over the place, everyone believes this LIE.


http://www.freedomforceinternational.org/printerfriendly.cfm?pffile=money_as_debt_content.c fm

MONEY AS DEBT
An instructional video that gets a flunking grade
An analysis by G. Edward Griffin, 2007 June 7

Money As Debt is a well-produced instructional video explaining the inequities in the present world’s banking system. In many respects it does an excellent job, but it misses the mark in several important areas. For example, it perpetuates the myth that interest can never be paid back in its entirety because banks do not create enough money to cover the principle plus the interest. I dealt with this myth on page 191 of my book, The Creature from Jekyll Island, as follows:
WHO CREATES THE MONEY TO PAY THE INTEREST?
One of the most perplexing questions associated with this process is “Where does the money come from to pay the interest?” If you borrow $10,000 from a bank at 9%, you owe $10,900. But the bank only manufactures $10,000 for the loan. It would seem, therefore, that there is no way that you – and all others with similar loans – can possibly pay off your indebtedness. The amount of money put into circulation just isn’t enough to cover the total debt, including interest. This has led some to the conclusion that it is necessary for you to borrow the $900 for the interest, and that, in turn, leads to still more interest. The assumption is that, the more we borrow, the more we have to borrow, and that debt based on fiat money is a never-ending spiral leading inexorably to more and more debt.

This is a partial truth. It is true that there is not enough money created to include the interest, but it is a fallacy that the only way to pay it back is to borrow still more. The assumption fails to take into account the exchange value of labor. Let us assume that you pay back your $10,000 loan at the rate of approximately $900 per month and that about $80 of that represents interest. You realize you are hard pressed to make your payments so you decide to take on a part-time job. The bank, on the other hand, is now making $80 profit each month on your loan. Since this amount is classified as “interest,” it is not extinguished as is the larger portion which is a return of the loan itself. So this remains as spendable money in the account of the bank. The decision then is made to have the bank’s floors waxed once a week. You respond to the ad in the paper and are hired at $80 per month to do the job. The result is that you earn the money to pay the interest on your loan, and – this is the point -the money you receive is the same money that you previously had paid. As long as you perform labor for the bank each month, the same dollars go into the bank as interest, then out the revolving door as your wages, and then back into the bank as loan repayment.

It is not necessary that you work directly for the bank. No matter where you earn the money, its origin was a bank, and its ultimate destination is a bank. The loop through which it travels can be large or small, but the fact remains all interest is paid eventually by human effort. And the significance of that fact is even more startling than the assumption that not enough money is created to pay back the interest. It is that the total of this human effort ultimately is for the benefit of those who create fiat money. It is a form of modern serfdom in which the great mass of society works as indentured servants to a ruling class of financial nobility.

It is dissapointing that the producers of this program perpetuated the “no-interest-money” myth but it was even more dissapointing to see them jump on the fiat-money bandwagon as a so-called solution to the banking problem. Yes, they actually propose that the solution to fiat money created out of nothing by the banks is to have fiat money created out of nothing by the government, as though politicians are any more trustworthy than bankers.

One of the primary references cited for this video is another video documentary entitled The Money Masters, written and produced by Bill Still. Still has been a leading advocate of government fiat money, so it is clear where this non-solution came from. If you are interested in my in depth analysis of this concept and of Still’s work in particular, see: Meet Bill Still, Fiat-Money Advocate.






I don't agree with this example griffith is giving


All he is proven is that parrticular borrower manage to pay his obligtion plus the interest

What would happen if that person was not in a postion to take another job?

what happen if the bank decides to do its own floors?


The result is the same .....there is 900 outstanding that the borrower can't get and the bank will get so many of his assets for free at auction ...
They know this up front

[Ares]

Well like I said Jews always use the hate card, whenever someone dares to criticize their behavior and their religion. I think you are a Jew, who hates to hear the truth about Jews.

Most Jews today are not Semites.

And their religion is hate, never forgive, never forget, hold that hate in your heart. I can feel the hate coming off of you.

The only self hating jew I see is you. You're bitter that your jew brethren has left you behind and now you are stuck down here with the rest of the chattel class.

There see how easy baseless ad hominen attacks are?

You lose the argument when you start spouting garbage with no proof. But that doesn't matter to you does it "BJ"? Just as long as you resort to baseless accusations to divert the attention away from your blind hate and lack of a real argument.

Islam preaches hate, the old testament preaches hate. All religions are schools of thought where group think runs rampant. But stay in the box of short sightedness. You have no forward thinking skills as it is now. So how could you possibly foresee that going for the old divide and conquer technique is being used against you? You fall for it hook line and sinker, and your hate is being used against you just like it is now with them playing the anti-semite card anytime someone questions their racism and their own hate.

But by all means "BJ" keep playing their game with their rules. Don't learn from your mistakes, or even learn from history. Because god knows people are doomed to repeating their failures so why change that course of history right "BJ"?

[Bigjon]

I don't agree with this example griffith is giving


All he is proven is that parrticular borrower manage to pay his obligtion plus the interest

What would happen if that person was not in a postion to take another job?

what happen if the bank decides to do its own floors?


The result is the same .....there is 900 outstanding that the borrower can't get and the bank will get so many of his assets for free at auction ...
They know this up front


Well another analogy to saying that the amount of dollars spent must equal the amount of dollars in the system is to say the number of pitches in a baseball game must equal the number of balls used. I think you can see the fallacy of the statement.

You are trying to say an action called spending must equal a thing called money. Not so, and never has been so.

[keehah]

...Instead you get the typical neanderthal group think of morons claiming "it's da jews". Okay, so which ones? Orthodox or Zionist?

Group think is a plague and is used to divide us amongst ourselves. Those who fail to see that are the problem and will only doom us to repeating our failures.
So your saying the problem is not destructive mind control meme?

[vacuum]

God, their all over the place, everyone believes this LIE.


http://www.freedomforceinternational.org/printerfriendly.cfm?pffile=money_as_debt_content.c fm

MONEY AS DEBT
An instructional video that gets a flunking grade
An analysis by G. Edward Griffin, 2007 June 7

Money As Debt is a well-produced instructional video explaining the inequities in the present world’s banking system. In many respects it does an excellent job, but it misses the mark in several important areas. For example, it perpetuates the myth that interest can never be paid back in its entirety because banks do not create enough money to cover the principle plus the interest. I dealt with this myth on page 191 of my book, The Creature from Jekyll Island, as follows:
WHO CREATES THE MONEY TO PAY THE INTEREST?
One of the most perplexing questions associated with this process is “Where does the money come from to pay the interest?” If you borrow $10,000 from a bank at 9%, you owe $10,900. But the bank only manufactures $10,000 for the loan. It would seem, therefore, that there is no way that you – and all others with similar loans – can possibly pay off your indebtedness. The amount of money put into circulation just isn’t enough to cover the total debt, including interest. This has led some to the conclusion that it is necessary for you to borrow the $900 for the interest, and that, in turn, leads to still more interest. The assumption is that, the more we borrow, the more we have to borrow, and that debt based on fiat money is a never-ending spiral leading inexorably to more and more debt.

This is a partial truth. It is true that there is not enough money created to include the interest, but it is a fallacy that the only way to pay it back is to borrow still more. The assumption fails to take into account the exchange value of labor. Let us assume that you pay back your $10,000 loan at the rate of approximately $900 per month and that about $80 of that represents interest. You realize you are hard pressed to make your payments so you decide to take on a part-time job. The bank, on the other hand, is now making $80 profit each month on your loan. Since this amount is classified as “interest,” it is not extinguished as is the larger portion which is a return of the loan itself. So this remains as spendable money in the account of the bank. The decision then is made to have the bank’s floors waxed once a week. You respond to the ad in the paper and are hired at $80 per month to do the job. The result is that you earn the money to pay the interest on your loan, and – this is the point -the money you receive is the same money that you previously had paid. As long as you perform labor for the bank each month, the same dollars go into the bank as interest, then out the revolving door as your wages, and then back into the bank as loan repayment.

It is not necessary that you work directly for the bank. No matter where you earn the money, its origin was a bank, and its ultimate destination is a bank. The loop through which it travels can be large or small, but the fact remains all interest is paid eventually by human effort. And the significance of that fact is even more startling than the assumption that not enough money is created to pay back the interest. It is that the total of this human effort ultimately is for the benefit of those who create fiat money. It is a form of modern serfdom in which the great mass of society works as indentured servants to a ruling class of financial nobility.

It is dissapointing that the producers of this program perpetuated the “no-interest-money” myth but it was even more dissapointing to see them jump on the fiat-money bandwagon as a so-called solution to the banking problem. Yes, they actually propose that the solution to fiat money created out of nothing by the banks is to have fiat money created out of nothing by the government, as though politicians are any more trustworthy than bankers.

One of the primary references cited for this video is another video documentary entitled The Money Masters, written and produced by Bill Still. Still has been a leading advocate of government fiat money, so it is clear where this non-solution came from. If you are interested in my in depth analysis of this concept and of Still’s work in particular, see: Meet Bill Still, Fiat-Money Advocate.
He's wrong, the "value of labor" doesn't add one iota to the system. Here's the reason: loans require debts to be paid back in frns, because frns are the only "legal tender", and ultimately they all come from and are owed to the central bank.

Here's the easiest way to see this: the first $1 bill in existence came from the federal reserve, as a loan. The federal reserve required that frn back plus interest. Only it can issue frns. If you could pay it back in your own choice of money, like gold, silver, labor, or oil, then you could repay it if you created "value". But loaning a frn and requiring a frn back, makes the notion of value mean nothing.

So this guy is only analyzing money creation through fractional reserve banking, which is only the second stage of money creation.
http://en.wikipedia.org/wiki/Money_creation#Money_creation_by_the_central_bank

Edit: here's another way to see it. The bank pays the guy to do the floors, but it too has a loan to pay, to the central bank. So instead of paying him $80, it can only pay him $78.

[Bigjon]

He's wrong, the "value of labor" doesn't add one iota to the system. Here's the reason: loans require debts to be paid back in frns, because frns are the only "legal tender", and ultimately they all come from and are owed to the central bank.

Here's the easiest way to see this: the first $1 bill in existence came from the federal reserve, as a loan. The federal reserve required that frn back plus interest. Only it can issue frns. If you could pay it back in your own choice of money, like gold, silver, labor, or oil, then you could repay it if you created "value". But loaning a frn and requiring a frn back, makes the notion of value mean nothing.

So this guy is only analyzing money creation through fractional reserve banking, which is only the second stage of money creation.
http://en.wikipedia.org/wiki/Money_creation#Money_creation_by_the_central_bank

Edit: here's another way to see it. The bank pays the guy to do the floors, but it too has a loan to pay, to the central bank. So instead of paying him $80, it can only pay him $78.

Banks collect interest in order to spend it.

Once spent it doesn't matter how close or how far the loop is, the money for the interest is back in the economy. It is the same money as the money that was paid in. The money has been spent twice now. Just because you spent it paying your debt does not make it disappear. It goes back into the economy, where you can earn it again.

Any Fractional Reserve loan has a Reserve component. The Reserve is made up of Primary money, called Federal Reserve Notes. They are things and only the Fed can remove them from circulation. You can put them under your mattress, but they are still in the system. You put them under your mattress for a reason, to use them in an emergency and when you do they are still circulating. Circulating as in going around and around.

The pitcher pitches the ball to the catcher and the catcher throws it back and the pitcher throws it again.

How many balls do you need to play a ballgame?

!00???

Checkbook money is a thing too.

When the bank made the loan it expanded primary money and wrote a number in their ledger crediting your account with xxx dollars and gave you a checking account.

When you gave the check to whoever for the whatever the money moved to whoever in the economy. That money is now in the system. It is now your task to pay back all that money over time. You have to pay for that time.

And you have to return all of that money.

After each payment the banker takes his cut, the interest, and spends it back into the economy.

The money for the interest stays in the system plus the remaining unpaid balance money.

http://gold-silver.us/forum/showthread.php?55323-outstanding-interview-w-mike-maloney-on-banking-money-and-taxes!&p=476197&viewfull=1#post476197

[Horn]

http://img152.imageshack.us/img152/4021/awjeezrk7.jpg

Apples, oranges, Herman Cain.

[vacuum]

Any Fractional Reserve loan has a Reserve component. The Reserve is made up of Primary money, called Federal Reserve Notes. They are things and only the Fed can remove them from circulation.
I think what you are saying is that the entire fractional reserve system is based off of debt-less physical frns, which people then deposit into bank accounts, which then multiplies that money.

The thing is, that the physical money is based off of government bonds (which must be repaid with interest), or direct loans from the fed, where it buys assets (QE). So, forgetting the entire fractional reserve banking system, fundamentally when the fed buys bonds for currency to be created, it will require those bonds to be repaid with interest.

Where does the interest go? To the treasury and then 6% goes to member banks.

So you've sort of got a fountain of money creation, that trickles down and then is returned to its source. When squeezes (deflation) happen, the people at the bottom can't repay their loans because of the delay from money creation till it trickles down, so what happens is that those closer to the source will get the collateral of those farther.

Perhaps you're right that it is possible to pay everything back theoretically, but I still think there's a dynamic involving the time money is created until it reaches those who don't have it. The effect is that everything that is collateral for a loan (such as a real estate) cannot all be repaid because the money hasn't been spent into the economy yet. I'll have to think about this.

But consider: what if the bank doesn't spend it's interest money into the economy, and just holds it in it's vaults for 6 months? Then their clients default, it gets their assets, their rich buddies get them cheap at auction, then it releases the money back into the economy so another cycle can begin...

[Bigjon]

I think what you are saying is that the entire fractional reserve system is based off of debt-less physical frns, which people then deposit into bank accounts, which then multiplies that money.

The thing is, that the physical money is based off of government bonds (which must be repaid with interest), or direct loans from the fed, where it buys assets (QE). So, forgetting the entire fractional reserve banking system, fundamentally when the fed buys bonds for currency to be created, it will require those bonds to be repaid with interest.

Where does the interest go? To the treasury and then 6% goes to member banks.

So you've sort of got a fountain of money creation, that trickles down and then is returned to its source. When squeezes (deflation) happen, the people at the bottom can't repay their loans because of the delay from money creation till it trickles down, so what happens is that those closer to the source will get the collateral of those farther.

Perhaps you're right that it is possible to pay everything back theoretically, but I still think there's a dynamic involving the time money is created until it reaches those who don't have it. The effect is that everything that is collateral for a loan (such as a real estate) cannot all be repaid because the money hasn't been spent into the economy yet. I'll have to think about this.

But consider: what if the bank doesn't spend it's interest money into the economy, and just holds it in it's vaults for 6 months? Then their clients default, it gets their assets, their rich buddies get them cheap at auction, then it releases the money back into the economy so another cycle can begin...

I only tried to explain the way our demand deposit system works and didn't bring up the fact that each year we pay millions for the privilege of having a private banking company called the Fed write bad checks to buy bonds issued by the US treasury. I certainly don't believe that our primary money system comes debt free, but that doesn't mean we have to buy more bond to pay for the old bonds debt. However we do know that when the bonds mature instead of paying them off, they roll them over for new bonds and more debt. The banksters love this organized theft system and are taking full advantage of "we the people".

Most of the theft comes via their debasing the value of the currency and those hogs in the front of the trough get the full value while most of us get the trickle down inflated money.

If money worked the way most of you seem to think, we could borrow our way to riches. The more loans at interest the less the money in "YOUR" system, a perfect description of money getting more valuable. Less money, higher value. More money, lower value.

Banks can and do withhold spending thereby creating deflation, exactly like you think the system must work. The bankers have far too much control over their monetary system, that they insist we use.

By withholding spending they drive the value of the money up and by lowering reserve requirements, plus spending all the interest they flood the system with money and drive the value down.

I am not defending the current system.

I would like to see the system our countries founders tried to bring us, reinstalled. A wealth based tri-metalic currency of gold, silver and copper. The congress had the task of regulating the values of this currency, but they were not in control of the supply. That task was reserved for the people. The people were free to take bullion to their nearest mint to be turned into coinage for a nominal price to cover the expense. And conversely when bullion prices outstripped the value of coins they could melt coins and sell them as bullion.

[Ash_Williams]

But consider: what if the bank doesn't spend it's interest money into the economy, and just holds it in it's vaults for 6 months? Then their clients default, it gets their assets, their rich buddies get them cheap at auction, then it releases the money back into the economy so another cycle can begin...

In my experience (mostly working with the auto industry - admittedly I don't know what generally happens with mortgages), the bank wants the customer to make their payments. A default is never beneficial for the lender. They put a lot of fine print in the contract but after the dust settles, they are worse off than if the customer could make the payments. Usually they lose money in these cases, but best case is still that their profit is less than otherwise. If default was profitable there are a hell of a lot of people denied credit who would not be denied.

I would assume the same thing with housing right now. If a mortgage is underwater, the bank is going to lose. They will be down even more after auction, and rich buddies ain't buying them cheap - no one is buying them! I know some people who have bought in florida at incredibly low prices because no one else (rich or otherwise) wants any of these places. The banks are getting murdered on this, as they should, and the only scam here is that the govt keeps bailing them out.

[Cebu_4_2]

The banks do not lose on a default, they get paid (AIG) the entire amount of the mortgage, face value not what was owed at the time of default. They come after the people that defaulted and they sell the home for whatever they get because they double dip between the AIG bailout and the actual sale price. If the home sells for 5 dollars they get the difference between that and the original loan amount (again). Was talking with a few foreclosure defense mills and the banks get bailed out 3x on a default, I don't remember the third one right now. The banks try to get you to leave by sending offers up to 10K to drop off your keys and throw all your shit in a dumpster because thats how they make big bucks, not by working out any type of remortgage.

The lawyers foreclosing get 1000 to work out a loan mod and 3000 to foreclose

[Awoke]

This whole thing is a set up. (OWS)



I can name plenty of non jews who are in control who worship the bible and are completely deluded by their own self idolized worth.

Please, go ahead.