Back to SoWal Lounge

The American Dream

30ashopper avatar
30ashopperSoWal Insider
5,826 views

Replies

128
TNJed avatar
TNJedBeach Fanatic
#2
That YouTuber had to take off the audio track of the video. I think the producer of the film is making their own channel.

Here is another link for it but it's split into 2 sections. This video is a great primer for people to understand where are money comes from and how much Fractional Reserve Banking costs us.


YouTube - The American Dream (Animated) 1/2

YouTube - The American Dream (Animated) 2/2



Here are a few other non-animated videos to consider....

YouTube - Ron Paul has issued a sobering warning to us all

YouTube - How I See the World Today: Question and Answer Period | Jim Rogers

YouTube - The Secret of Oz - English - FREE.mov

http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSIM105/PR


Just in case shipping lines are interrupted due to cost, strikes or general chaos, it's never a bad idea to have some food with a long shelf-life available in your home.

Buy Survival Foods by Mountain House | Long Term Food Storage | Buy Freeze Dried Food & Discount Survival Food

And here's a trusted source to exchange some Federal Reserve Notes for precious metals.

Silver, Silver Bar, Silver Bars, Silver Bullion, Gold and More - APMEX.com



You will never hear this advice on main-stream media as it would rightfully induce panic. There isn't a lot of profit in telling people to hunker down. Nor is there a lot of fame.

I am not trying to tell you what to do. I am trying to provide some info that you may hopefully reach these conclusions on your own. The economy is dying and there are signs everywhere. Everyone sees them but blames the wrong thing. It's insurance, it's politicians, it's that damn oil company, it's taxes, it's welfare, it's shipping jobs overseas, it's terrorism, it's the pharmaceutical companies, its corruption, its wall street, and on and on and on. Yes, all of these things are crazy bad, but they are all bad because our economy has had it's hand forced to make bad decisions to keep the balls in the air. From the inception of the Fed in 1913 and it's Fractional Reserve Banking model, our economy MUST GROW just to pay interest on the paper money. It's the old MLM system.

This is not about left/right, socialism/fear-mongering etc.... This is about our economy, and by default the world's reserve, being built upon FRACTIONAL RESERVE BANKING. The solution is to abolish the Fed and allow our own Government to print our own debt-free sovereign money. We don't own our own money! It is debt laden. We rent Federal Reserve Notes. And like any Ponzi, the bigger it grows, the input must grow exponentially just to maintain the average output. That is why we are "printing dollars". The wheels are about to fall off this 100 year scheme. And "about to", is a term relative to 100 years. I don't know WHEN exactly it will happen, but it is a mathematical certainty.

This would also be a good time to sell some stocks if you still have any left. Market is about to turn.

good luck.

Edited

Bob avatar
BobSoWal Insider
#3
so, how much did you make in the market shorting last year?
TNJed avatar
TNJedBeach Fanatic
#4
I gave up shorting in '09 after losing a few grand. I underestimated the power of the government to completely manipulate reports and the market. Silly me thinking we had a free market. Knowing the truth of a matter and timing are two different things.
Bob avatar
BobSoWal Insider
#5
so corporate profits are a gift of the Fed?
TNJed avatar
TNJedBeach Fanatic
#6
This stuff is out there everywhere. I'm not sure which will strike your fancy, but I will keep posting them. You just have to choose to take a moment and consider it. We all suffer from 'normalcy bias'. Just because it hasn't happened here doesn't mean it won't.

Roman Empire diluted and debased their physical silver coins making them fiat.
British Empire fell because of nation building and debasing their pound
Weimar Republic went into hyperinflation because of their fiat currency. This laid the ground for Hitler to rise to power in a country which was desperate for leadership in any form.
Yugoslavia, hyperinflation.
Zimbabwe, hyperinflation.
Greece
Iceland (brave souls, they actually told the IMF to get bent.)
Spain, Portugal, Italy are next. (PIIGS)

China and Russia have made bilateral agreements in Rubles and Renminbi for trade, choosing to get rid of their US 'dollar' reserves. Russia has grain and oil, China has goods and natural resources.

Chinese citizens are clambering for gold. The world's richest man, Carlos Slim, is in the process of buying silver mines.

This stuff is everywhere, but on your TV. And don't expect it to show up there either. This internet is a god-send for communicating and preparing. Without it I wouldn't have known any of this stuff either. I just kept going down the rabbit hole, slowly peeling away the layers trying to get to the bottom of the truth. It's all Fractional Reserve Banking AND in which currency oil is denominated in.

Once oil is no longer solely priced in FRNs (federal reserve notes aka dollars) but a basket of foreign currencies, is the moment when it will really turn publicly.


YouTube - Catherine Austin Fitts: The Looting Of America part-1of5
TNJed avatar
TNJedBeach Fanatic
#7
so corporate profits are a gift of the Fed?


What profits? The dollar has lost 95% of it's value since it's inception. Gold has risen 7000% in the same time.

In nominal terms, everyone thinks profits and the Dow are up. But in inflationary terms, when factoring in the debasement of our currency, they are nil.
Beach Runner avatar
Beach Runnerbeats on hood
#8
"The American Dream" is over. College grads have student loans but can't get jobs in their areas of expertise. Unemployment benefits apply for those who are successful in getting any job, not for jobs in the graduate's area of expertise. That means that they have to accept a job flipping burgers to get unemployment benefits. I know brilliant people with Ph.D.'s who can't get jobs, and I'm talking engineering and computer science, not French literature. It stinks.
TNJed avatar
TNJedBeach Fanatic
#9
It's called The American Dream because you have to be asleep to believe it.

We need skills and production, not paper pushing and talking. That's what made this country great and is what will make it great again. The people make it great not government solutions.

And believe me, they will come up with many great "solutions". Remember the Iraqi Information Minister, "Baghdad Bob"? American tanks were 2 blocks away and he was saying the Iraq Army was destroying them. We laughed at old Bob.

Well Bob is on your television every night and on CNBC during the day.
Bob avatar
BobSoWal Insider
#10
What profits? The dollar has lost 95% of it's value since it's inception. Gold has risen 7000% in the same time.

In nominal terms, everyone thinks profits and the Dow are up. But in inflationary terms, when factoring in the debasement of our currency, they are nil.
there is no hyper inflation at the moment. Corporate profits are real. g gordon is hawking gold with glenn beck. cast your view with them if you wish, but you will miss the entire recovery. yes, the fed controls liquidity. it's what separates us from the third world, and what backstops us from chaos.
TNJed avatar
TNJedBeach Fanatic
#11
You're right about hyperinflation more than you know. It isn't here at the moment. Hyperinflation is an event. It happens overnight. It isn't something like a recession/depression which is slow to unwind.

I'm not trying to guess how this will unfold or when. I just know it will.

Thank you for your thoughts and questions.

edit: you said the Fed is what keeps up from being 3rd world. The Fed is what keeps the 3rd world being 3rd world. By being forced to hold US dollars in reserve, while we carry on spending and debasing, these broke countries get broker by us exporting deflation while artificially raising prices here. Based on a fraction, there's that word again, of our actual wealth. The ONLY reason we aren't feeling bankrupt is because we, er the Fed, owns the printing press of the world. That will change.

Are you a banker, Bob?

Edited

TNJed avatar
TNJedBeach Fanatic
#12
As for G.Gordon Liddy and Rush (edit: oops Glenn Beck...[I don't watch these guys])....I think they get paid by Goldline.com or something like that. Imagine that, someone talking their book. But I'm not interested in straw-man arguments or trying to provide support to my views by discrediting others.

I support my views with math and I cast my view with Jim Rogers, George Soros, and John Paulson.

Edited

TNJed avatar
TNJedBeach Fanatic
#13
One last video for the night.

Rethinking the Future International Security Environment is the focus of the 2010-2011 Rethinking Seminar Series. The objective for this series will be an exploration of possible future international environments including potential adversaries and threats to US National Security.

Mr. James Rickards
http://outerdnn.outer.jhuapl.edu/rethinking/VideoArchives.aspx#rickardsEconomics and National Security

http://outerdnn.outer.jhuapl.edu/rethinking/VideoArchives.aspx#rickards
Bob avatar
BobSoWal Insider
#14
You're right about hyperinflation more than you know. It isn't here at the moment. Hyperinflation is an event. It happens overnight. It isn't something like a recession/depression which is slow to unwind.

I'm not trying to guess how this will unfold or when. I just know it will.

Thank you for your thoughts and questions.

edit: you said the Fed is what keeps up from being 3rd world. The Fed is what keeps the 3rd world being 3rd world. By being forced to hold US dollars in reserve, while we carry on spending and debasing, these broke countries get broker by us exporting deflation while artificially raising prices here. Based on a fraction, there's that word again, of our actual wealth. The ONLY reason we aren't feeling bankrupt is because we, er the Fed, owns the printing press of the world. That will change.

Are you a banker, Bob?

not a banker, invested somewhat in bank stocks. liquidity is a doubled edged sword, but the lack of it keeps someone in Mongolia from acting upon a business plan. austrian economics is a rather narrow view that has adherents coming out of the woodwork in down cycles. regarding gold, when you see the likes of liddy/beck hawking it, the game is in the fourth quarter. rodgers is selling commodities to the horizon, and paul is not the intellectual equal of bernanke.
TNJed avatar
TNJedBeach Fanatic
#15
Thank you for your answers. I see you are a Keynesian. Good luck to you neighbor.
30ashopper avatar
30ashopperSoWal InsiderAuthor
#16
so corporate profits are a gift of the Fed?

The corporate profits conundrum is completely unexplained. Books will be written about it. My take is that deflation has brought down basic material costs and labor while prices have been kept high by sellers.

In one respect though I think your assumption is right, trillions in money printing to buy worthless or low yield assets from corporate america frees up a lot of cash for investing.

Here's a good question - How will QE2 effect the market over the next year? Last year the market crashed after the FEDs MBS purchases ended. Then they promised QE2 and boom, six months of good times. How long will the presses run this year, and what happens after they stop, and will they kick back in again if things crash again?

Artificial forces are in control and have been for well over two years. Investing isn't much different from taking a trip to Vegas at this point.
30ashopper avatar
30ashopperSoWal InsiderAuthor
#17
there is no hyper inflation at the moment. Corporate profits are real. g gordon is hawking gold with glenn beck. cast your view with them if you wish, but you will miss the entire recovery. yes, the fed controls liquidity. it's what separates us from the third world, and what backstops us from chaos.

You are placing far too much trust in a bunch of private bankers. There?s plenty of evidence showing you they do far more damage than good!
DuneAHH avatar
DuneAHHBeach Fanatic
#18
I haven't had a chance to watch/take in everything TNJed posted... but I watched all 5 parts of Catherine Austin Fitts "Looting of America" and learned LOTS.
VERY educational. Thanks for posting.

(Subsequently tried watching / listening to her radio interviews on the Alex Jones Channel... but I simply couldn't endure HIS strident bellowing, interrupting, grandstanding manner.)
TNJed avatar
TNJedBeach Fanatic
#19
You're very welcome DuneAHH. Give the credit to yourself for taking the time to watch and listen. I'm just passing on what was passed to me.

Here is a site (a gold site admittedly) with many great audio interviews. Many of the names I'm sure you'll recognize and there is a Catherine Fitts interview listed back in September. I can't stand the Alex Jones stuff either.

NUGGETS - GoldSeek.com Radio - radio.GoldSeek.com - The Gold and Silver Review

Checking your forum account

Please wait while we verify your forum account.