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even tho reserve notes were in ecess of teh gold they werent close to the percentage of inflation thru printing we are seeing , the gold gave a somewhat balance on how much you could write checks for …similiar to us living on a budget ……….instead its let congress go off and running with our credit
google : legal definition + constitutor
utube: you own a bond the crown connection
utube : Intro to your Human Rights 3/20
utube: occult law (new version)
utube: P4 Occult World Of Commerce
google : ballentine’s law + human being
this system has improved off the back of our labour AND the credit we created with our signature..
IT IS OURS
but because we were not given full disclosure and therefore the remedy we have no means to claim it back..
without the knowledge of remedy we cannot claim back our wealth which is in the hands of the 1%…they keeep it in TRUST ..
REGIS tration is the tool they use..to grab legal titile
REGIS = Roman Emperor the POPE
they keep the wealth in TRUST and shift the debt to citizen
no one asked me to pledge my body for the national debt…
there was no full disclosure..
it is an illegal act to pledge the legal titile to my labour for the growth of national debt
basic contract law
there is a conspiracy : otherwise their would be full disclosure…
the problem with full disclosure is the remedy would have to be revealed ..and the remedy is that we can set off all the PERSONs debts that the TRUE CREDITOR , US created wit our signature…
they dont want to disclose this …
Mr. Khan I really enjoy your videos. I feel empowered by the knowledge that you have provided me. Even understanding that true wealth = the productive capacity of a country; gives me a greater appreciation of human labor. This knowledge has provided me with a unique outlook on life and it has even made me happier. I have a greater appreciation for the labor of others and the meaning of the currency that I possess. Thank you very much.
The definition of wealth can be defined and discussed into oblivion due to its philosophical appeal.
I think you missed out the most important example of wealth: one’s health. What good is a lot of land, cars, houses and luxury items if you always feel miserable because your kidneys have failed and you are on dialysis? One should consider their health and well being as the most important asset. Then ask yourself this question: will the activity I am about to engage adversely affect my greatest asset (health)? If the answer is yes, then don’t engage in that activity!
Hmm. Robert Mugabe’s economic advisors tell him the same thing.
Focus on the inflation numbers. When the money supply is no longer tethered to gold, the gov/fed is able to crank up the “printing press” unabated. Nominal GDP increased in ’75-’85 relative to ’55-’65 as can be seen by adding the inflation numbers to Real GDP. So, yes, going by nominal GDP, the economy did do better – but that is misleading.
Also, note how with looser credit more projects and consumption taken place, but to the cost of more bankruptcies and erosion of life savings.
Again, us working stiffs suffer most when we lose jobs in the recession as a result of the massive banking fraud. Real productive activity can only be stimulated and sustained by real savings and by real consumer demand, expressed by real sacrifices of earned claims to wealth. Money created out of thin air is an artificial stimulus that can only lead to economic ruin. I highly recommend Thomas Woods’ Meltdown for a good overview of applied Austrian theory.
By the time the money reaches us working stiffs, we will have been feeling the effects of inflation. The new money gets loaned at fraudulently lowered interest rates to stimulate production that is not based on genuine savings and therefore creates bubble activity for which sufficient consumer demand does not exist to sustain. Because it can only be sustained by artificially cheap money, the bubble inevitably bursts when the threat of hyperinflation causes the Fed to raise interest rates.
I AM thinking in terms of goods and services. Money created out of thin air does not correspond to any increase in wealth, but represents only an unearned claim to wealth. The first recipients of this counterfeit money (the banks and their major clients) make claims to wealth before the money circulates through the economy and raises the general price level. They thus enjoy the purchasing power of the new money before it gets diminished by virtue of its having been spent.
It is not a choice between hyperinflation and valueless currency or a currency holding its value. All fiat money loses value continually. That devaluation acts as a hidden tax on wage earners and end users which erodes their buying power. The inflation and indebtedness inherent in this system necessitates that the individual outperform his neighbor in the race against inflation and everyone can’t win. It’s musical chairs with far more than one chair missing.
well actually to be more accurate, there is nothing wrong that i see
what i advise you to do is stop thinking in terms of money, but in terms of goods and services which money represents, and then take a look at economics again, and you will se that making money “out of nothing” serves an economic purpose and leads to a larger amount of goods and services to be produced. now if you think that in this process the fed and other bankers are stealing that is a different issue, but there is nothing wrong with the theory behind how money should be handled or created
Such is the imposition that we really have no choice now, do we? My company’s policy dictates that our pay checks go directly to our bank accounts. We can’t be paid any other way. I suppose your reaction would be: Well, quit your job then. Problem solved–as if other problems don’t arise as a result of this solution.
Besides, taking my money out of the bank does not address the problem. The Fed still has monopoly power to counterfeit money and credit, regardless of where my money sits.
the reason for slowed growth in that period is not necceserally the result of removing the gold standard, as with all things in economics they are a result of a huge number of reasons, whether or not the removing of the gold standard had a postitive or a negative effect… well the majority of experts in the field agree that it had a positive effect on the economy, so perhaps you should read their arguments first without the a priori assumption that they are misleading you,and comment later
i would argue that nothing is “imposed”, if you think they are cheating you or misleading you or whatever, dont put your money in a bank(dont give it to them) and voila!!-> problem solved
Thanks, nice lessons, so where can I buy banknotes? Is it just ordinary money as in Euros or Yen or is it something else like Escudos?
Is it true that we only print a certain amount of money depending on how much gold we have?
This is not a “conspiracy theory.” This is what history teaches us. History is full of powerful people conspiring with each other to maintain and extend their power over others. Time and again central banking has proven to be a powerful tool of elites to steer the economy to their benefit (picking economic winners and losers) and to enrich themselves at everyone else’s expense. Gold, by virtue of its scarcity, puts limits on the elite’s ambitions and is therefore preferable to paper money.
Evolution implies an unconscious selection process whereby, through innumerable decisions made by economic actors, an outcome obtains that none of the actors intended. Such was the way gold came to be generally embraced as commodity money throughout history time and again. Central reserve banking, however, never “evolved.” It has always been IMPOSED by governments, by powerful decision-makers who consciously worked towards some objective (e.g., enriching the king, expanding empire).
gold never noted higher than 850$/ounce until 2008
that was on 21/01/1980
where do you get the 2500/ounce ?
Can’t thank you enough for posting these invaluable videos.
USA. Nixon killed gold standard 1971.
1955-1965 Real GDP grew @ 4.5%; inflation 1.5%
1975-1985 Real GDP grew @ 3.4%; inflation 7.3%
Real GDP is wealth.
Weather it is gold, silver, or something else, it’s hard to argue against having something that keeps you from going too far.
Sal, you have the best teaching style ever. You know the material very well. Unfortunately, this material you – and I – learned in business school never delved enough into the real world politics and human nature.