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Magicman
11-16-2009, 12:41 PM
The Money Masters - How International Bankers Gained Control of America (http://video.google.com/videoplay?docid=-515319560256183936&ei=oo0GSaOxEJLAqAKEnLmRDQ&q=The+Money+Masters#)

BlueRidge
12-01-2009, 11:34 PM
MAJOR bump right here.

Why isn't this stickied in Economics & Sound Money?

This video totally opened my eyes like nothing else.

Would a mod please move this?

Epic
12-02-2009, 12:33 AM
it opened my eyes too...

however there are some conspiratorial parts that turn people off, the conclusions at the end regarding gold, etc. are incorrect, and in general the economic discussion isn't always correct.

In short, this documentary basically presents the "leftist"/Kucinich/Ellen Brown/Web of Debt line of (incorrect) thought

Here is a post on the mises forum: http://mises.org/Community/forums/p/3868/53752.aspx


You have to be careful listening to "The Money Masters", since it's a mix of truth and completely wrong and misguided economic policies.

What's correct about that "documentary" is that fractional reserve banking enrich the few at the expense of the many.

What's wrong is almost everything else.

They fail to understand a basic economic law, which is that the size of money supply doesn't matter, any size is optimum for the economy to function properly.

They beleive that increasing the supply of money causes prosperity, and the only thing wrong about it is that it enriches private indivudual. Same for the FED. What they critisize is not that it exploits the poor, but that it enriches private banks and that it's "secret". What they promote is a FED but totally controlled and run by politicians and bureaucrats.

There's so many things that are wrong in the documentary that it makes an uninform public know even less about sound economics than before he watched it. For instance, tally sticks were not money, they were mostly bonds certificates. They were not even homegenous goods. Continental scripts didn't create prosperity, they were all inflated out of existance. Ben Franklin was pro-fiat money because he owned a printing press (literally) and had government contracts to print the money himself.

The whole documentary is a primitivo-socialist rant against what is "private", "secret", and glorifies the government. They promote a masively inflationary government managed money, without realizing that it's exactly what we have now.

Magicman
12-02-2009, 06:29 PM
I agree Mods please sticky this. This movie applies more today now then ever and this woke me up and is why I follow Ron Paul's policies. We need people to pass this through Youtube, Facebook, Myspace.

It's more important then Obama Deception and The Fall of the Republic.

dr. hfn
12-02-2009, 06:31 PM
We should organize and effort to get a certain set of dvds into the hands of every Tea Party/9.12 Meetup Group...

dannno
12-02-2009, 06:44 PM
Ya this movie doesn't even get into the stuff referred to in the mises post until the end of the film, by then most people have already woken up to the most important thing which is that the banks have been controlling all of our political outcomes and wars...

The fact is that the historical aspects of the film make up the bulk and most people do not know these things.

This film is very worthwhile, despite it not being 100% perfect.

BuddyRey
12-02-2009, 08:16 PM
The movie has a lot of good information, but I largely tuned out when the narrator kept repeating his opinion that the only problem with the Fed is that it's a private banking cartel, and that free banking and the gold standard are bad ideas.

Magicman
12-07-2009, 12:46 PM
Bump

Oyate
12-07-2009, 01:21 PM
and let's not forget Bill Still's new film, Secrets Of Oz.

I think we recently (successfully) applied a pressure campaign against Amazon to get this film back on their catalog!

http://www.secretofoz.com/

Magicman
12-07-2009, 04:07 PM
Oyate, thanks a lot for that. Im going to watch it shortly.

Magicman
12-07-2009, 07:30 PM
Bump