Ten Trillion and Counting

This excellent video documents the disgusting financial black hole we’ve dug ourselves into.  Curiously enough, they don’t offer the obvious solution to the problem:  Abolish the Federal Reserve System, debt based money, and fractional reserve banking and return this country to the use of debt free money printed by the U.S. Treasury instead of the Federal Reserve Bank – a private for profit corporation.
If the government is authorized to print $1 bonds to create debt for our debt based economy, it is authorized to create $1 treasury notes completely debt free outside the control of the Fed and the international money changers.  The big question is:  Why don’t they?  You know the answer as well as I.
It has been done twice before – in pre-Revolutionary War days with Colonial Script, and during the Civil War with Abe Lincoln’s treasury notes nicknamed “green backs”.  Both worked like a charm and without debt.  The Bank of England put a stop to Colonial Script by threatening to call in all of King George’s loans if he didn’t outlaw it, and one of the first things the Fed did when it was formed in 1913 was remove Lincoln’s green backs from circulation because they were outside of their control.

Money, Banking and the Federal Reserve

Thomas Jefferson and Andrew Jackson understood “The Monster”. But to most Americans today, “Federal Reserve” is just a name on the dollar bill. They have no idea of what the central bank does to the economy, or to their own economic lives; of how and why it was founded and operates; or of the sound money and banking that could end the statism, inflation, and business cycles that the Fed generates.

Dedicated to Murray N. Rothbard, steeped in American history and Austrian economics, and featuring Ron Paul, Joseph Salerno, Hans Hoppe, and Lew Rockwell, this extraordinary documentary is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.

Alan Greenspan was not, we’re told, happy about this 1996 blockbuster. Watch it, and you’ll understand why. This is economics and history as they are meant to be: fascinating, informative, and motivating. This movie is changing America.