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View Full Version : Money Masters Video - How reliable is it?




trispear
07-21-2007, 04:32 AM
http://video.google.com/videoplay?docid=-515319560256183936&q=%22money+masters%22&total=97&start=0&num=10&so=0&type=search&plindex=0

I liked the video, but it has a certain "truthy" feel to it. How reliable is it? What are other people's opinions about it?

I'll also note, that the narrator and Ron Paul disagree about Fiat currency. (Just an observation).

Bradley in DC
07-21-2007, 06:32 AM
http://video.google.com/videoplay?docid=-515319560256183936&q=%22money+masters%22&total=97&start=0&num=10&so=0&type=search&plindex=0

I liked the video, but it has a certain "truthy" feel to it. How reliable is it? What are other people's opinions about it?

I'll also note, that the narrator and Ron Paul disagree about Fiat currency. (Just an observation).

The goals of the Money Masters are not our goals and it has many parts that are either historically inaccurate or taken out of context in a misleading way.

There are other threads on this topic with better sources of information.

Gee
07-21-2007, 06:48 AM
I'm in agreement. I remember when I watched it, I caught a number of pieces of misleading information or outright lies. I can't specifically remember what, and its too long for me to want to watch again. I don't think its nearly as bad as bad as Freedom To Fascism, though.

I'd watch Money, Banking, and the Federal Reserve.

LibertyEagle
07-21-2007, 07:14 AM
I'm in agreement. I remember when I watched it, I caught a number of pieces of misleading information or outright lies. I can't specifically remember what, and its too long for me to want to watch again. I don't think its nearly as bad as bad as Freedom To Fascism, though.

I'd watch Money, Banking, and the Federal Reserve.

Here's the link to the movie that Gee mentioned:

http://video.google.com/videoplay?docid=-466210540567002553&q=federal+reserve&total=1289&start=0&num=10&so=0&type=search&plindex=0

It's also on the Federal Reserve, but it was put out by the Ludwig von Mises Institute.

Kuldebar
07-21-2007, 07:25 AM
Money Masters is far more reliable information-wise than you what you'll get from the mainstream media or the "professional" political establishment.

It contains some opinions and some arguably flawed interpretations on things, but it's still far superior to what most American consider "common knowledge".

DavyDuke17
07-21-2007, 08:27 AM
What do you guys think of Money as Debt?

Aeschylus
07-21-2007, 09:12 AM
I'm in agreement. I remember when I watched it, I caught a number of pieces of misleading information or outright lies. I can't specifically remember what, and its too long for me to want to watch again. I don't think its nearly as bad as bad as Freedom To Fascism, though.

I'd watch Money, Banking, and the Federal Reserve.

As "bad" as Freedom to Fascism? If that's the case, then Money Masters must be spot on because America: Freedom to Fascism is cold hard reality.

LibertyEagle
07-21-2007, 09:22 AM
As "bad" as Freedom to Fascism? If that's the case, then Money Masters must be spot on because America: Freedom to Fascism is cold hard reality.

And you're basing that on exactly WHAT, besides emotion?

Slugg
07-21-2007, 09:41 AM
The Money Masters is best defined this way (IMO):
The truth, with a splash of agenda and misrepresentation.

It was the first video I watched that said the Federal Reserve was private. I watched it three times to make sure I understood the monetary concepts. And in reality, it does a poor job of explaining the concepts actually...but it does show what can happen (through historical references) when a system like ours does collapse.

I like "Money as Debt" for money theory and fractional reserve banking concepts.


After that...just read.

LibertyEagle
07-21-2007, 09:45 AM
What has Government Done to Our Money, by Murray Rothbard
http://www.mises.org/rothbard/rothmoney.pdf
http://www.mises.org/media.aspx?action=category&ID=92

The Case for Gold, by Ron Paul
http://www.mises.org/books/caseforgold.pdf

Gold, Peace and Prosperity, by Ron Paul
http://www.mises.org/books/goldpeace.pdf

Economics for Real People, by Gene Callahan
http://www.mises.org/books/econforrealpeople.pdf

Economics in One Lesson, by Henry Hazlitt
http://www.fee.org/pdf/books/Economics_in_one_lesson.pdf

Green Mountain Boy
07-21-2007, 11:14 AM
What do you guys think of Money as Debt?

I think that is the BEST video to date explaining how our money system works.

They key to understanding why we pay income taxes has to do with private credit (aka Federal Reserve Notes) and our endorsement of it. "Money as Debt" is good start at understanding the basic principles of private credit.

Gee
07-21-2007, 09:14 PM
As "bad" as Freedom to Fascism? If that's the case, then Money Masters must be spot on because America: Freedom to Fascism is cold hard reality.
I won't say FtF doesn't have elements of truth to it, but so do Moore's films. Don't assume that something which affirms your views or is thematically accurate is necessarily factually accurate. Journalistic integrity seems to be lacking on every side of every issue.

Mitt Romneys sideburns
07-21-2007, 09:18 PM
So do the Rothschilds own the world or not?

Broadlighter
07-21-2007, 10:28 PM
So do the Rothschilds own the world or not?

Who knows for sure how involved they are in running the International banks. The problem for me is that control of any nation's currency by private interests just seems so totally wrong. It doesn't matter who they are, what they are doing needs to end.

I think it is the single, greatest challenge of our times.

kern802
07-21-2007, 11:26 PM
I bookmarked a great discussion on this topic, it's worth checking out:

Money Masters vs. Ron's Gold Standard
http://www.ronpaulforums.com/showthread.php?t=4223

WannaBfree
07-21-2007, 11:32 PM
http://video.google.com/videoplay?docid=-515319560256183936&q=%22money+masters%22&total=97&start=0&num=10&so=0&type=search&plindex=0

I liked the video, but it has a certain "truthy" feel to it.

Wouldn't that be good actually?
Funny how the meaning of truth is changing. I guess to some, it's a scary word.

Brandybuck
07-22-2007, 01:39 AM
As "bad" as Freedom to Fascism? If that's the case, then Money Masters must be spot on because America: Freedom to Fascism is cold hard reality.
It's cold hard reality... except for all the spots where it is dead wrong. And there are a lot of spots like that. Here are some links:

http://docs.law.gwu.edu/facweb/jsiegel/Personal/taxes/IncomeTax.htm
http://www.publiceye.org/conspire/flaherty/Federal_Reserve.html
http://www.fff.org/freedom/fd0703b.asp

SeekLiberty
07-22-2007, 02:28 AM
Money Masters is far more reliable information-wise than you what you'll get from the mainstream media or the "professional" political establishment.

It contains some opinions and some arguably flawed interpretations on things, but it's still far superior to what most American consider "common knowledge".

You beat me to the punch saying this. I'd rather WE THE PEOPLE get SOME Truth to learn about how the Federal Reserve is a scam than none whatsoever from public schools, the Ministry of Truth (Old Media), and the Federal Government on it. At least this is a start for somebody to sort it out. So I don't CONDEMN this. There's better education but, again, this is better than none.

BTW, Ludwig von Mises is my economics hero!

- SL

The opinions and articles expressed and posted on these Ron Paul Forums are not necessarily the opinions expressed by the Ron Paul Forums or Ron Paul.

SeekLiberty
07-22-2007, 02:32 AM
Wouldn't that be good actually?
Funny how the meaning of truth is changing. I guess to some, it's a scary word.

Pretty soon, "truther" and "truthy" will be turned back to the word "Truth" and then the word "Truth" will have an "Orwellian" "feel to it."

Truth = Lies is the new inculcation by the propagandists into the population.

Anybody who has not read "1984" NEEDS to read this book.

- SL

The opinions and articles expressed and posted on these Ron Paul Forums are not necessarily the opinions expressed by the Ron Paul Forums or Ron Paul.

fsk
07-22-2007, 12:50 PM
What do you guys think of Money as Debt?

Money as Debt is a very effective enslavement technique. With debt-based money, money is only created when someone takes out a loan. The problem is that only the principal is created. The money required to make the interest payments is not simultaneously created. This means that debts must grow exponentially faster than the money supply over time. This guarantees that everyone is enslaved under a crushing debt burden. I call this "The Compound Interest Paradox".

I address this in my blog.

http://fskrealityguide.blogspot.com/2007/06/compound-interest-paradox.html


So do the Rothschilds own the world or not?

I also address this question in my blog. I'm very nearly convinced that there's a group of people who secretly control the whole world's resources. The actual name of the organization has probably never been publicly stated. The Rothschilds are one of the leaders of the financial branch of their operations. The Rothschilds probably aren't the people secretly pulling the strings.

http://fskrealityguide.blogspot.com/2007/07/whos-richest-man-in-world.html

WannaBfree
07-22-2007, 03:23 PM
Truth = Lies is the new inculcation by the propagandists into the population.

Anybody who has not read "1984" NEEDS to read this book.

yes, you're talking about 'newspeak'

Dr. Paul also uses that term. here's one example:

Later in the debate, when candidates referred to and approved of torture, in an extreme hypothetical situation from the moderator, calling it "enhanced interrogation techniques," Paul labeled it "newspeak," a clever allusion to George Orwell's 1984.

http://www.netxnews.net/vnews/display.v/ART/2007/07/16/469be08e0c623

mdh
07-22-2007, 06:05 PM
I won't say FtF doesn't have elements of truth to it, but so do Moore's films. Don't assume that something which affirms your views or is thematically accurate is necessarily factually accurate. Journalistic integrity seems to be lacking on every side of every issue.

Comparing Aaron Russo to Michael Moore is just disgusting. Especially this being a Ron Paul supporters site, and Ron Paul and Aaron Russo being good friends.

Gee
07-22-2007, 06:57 PM
Comparing Aaron Russo to Michael Moore is just disgusting. Especially this being a Ron Paul supporters site, and Ron Paul and Aaron Russo being good friends.
Who they aren't doesn't matter, its just a common practice of opinionated documentary makers to slant the truth. Russo rather abruptly cuts away during interviews, sometimes seemingly in mid-sentence. He even seems to do this when interviewing Dr. Paul.

Russo also mis-quotes Woodrow Wilson and Bill Clinton. Given how easy it is to verify these quotes, I'd imagine there are also more errors in the film. I tend to be pretty turned off by and ignore pieces of information which deliberately mislead, so forgive me if I haven't examined each fact presented in the film. I do think the overall premise is mostly sound, however.

The real quotes are:

A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men who, even if their action be honest and intended for the public interest, are necessarily concentrated upon the great undertakings in which their own money is involved and who necessarily, by very reason of their own limitations, chill and check and destroy genuine economic freedom.
It doesn't seem like he's saying the Fed is evil, but simply holds back America by virtue of the fact that the men who run it are imperfect.

Then in the next chapter, he writes:

We have restricted credit, we have restricted opportunity, we have controlled development, and we have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world--no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men.
In this chapter he is not talking about the Federal Reserve system of finance in particular, but rather the influence of all sorts of big business on politics and America in general.

The full text is here:
http://www.gutenberg.org/files/14811/14811-h/14811-h.htm


We can't be so fixated on our desire to preserve the rights of ordinary Americans to legitimately own handguns and rifles—it's something I strongly support—we can't be so fixated on that that we are unable to think about the reality of life that millions of Americans face on streets that are unsafe, under conditions that no other nation—no other nations—has permitted to exist.

RonRules08
07-22-2007, 07:09 PM
What do you guys think of Money as Debt?

I liked it, I am not an economist but it seemed to make sense. I am for Hard currency though and the video's authors seem not to be for it.

trispear
07-22-2007, 09:10 PM
Wouldn't that be good actually?
Funny how the meaning of truth is changing. I guess to some, it's a scary word.I meant in the way that the UFO and other conspiracy nuts have truthy feel to their videos.