The World's Best Kept Secret Revealed

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This very smart 12 year old girl reveals the world's best kept secret. This video is well worth your time if you have the extra 6 minutes and 44 seconds.
 
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Waterloo, ON
Unfortunately the young lassie doesn't know what shes taking about. Sounds like she is spouting someone else s words. (maybe the public banking institute, whoever they are) Should stick with the Barbie dolls...
 
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Delaware
I have a hard time believing she understands anything what she is saying. She does not explain enough in detail to justify any of the conclusions that she makes. The speech sounds like it was written by the typical money conspiracy groups with enough scary and inflammatory words like "big bank" and "debt" etc to bring out the hate in people towards big institutions. Just because she is young does not mean she gets a free pass at ignorance, especially when she is being put out there by some Public interest group.
 
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Maricopa Arizona
Originally Posted By: Bluestream
Unfortunately the young lassie doesn't know what shes taking about. Sounds like she is spouting someone else s words. (maybe the public banking institute, whoever they are) Should stick with the Barbie dolls...
The poor girl is just doing this for the approval, acceptance, and affection of her parents. Some people are just low and will do anything to push their ideology including using innocent children. This is beyond sad.
 
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Oswego, IL
Originally Posted By: Bluestream
Unfortunately the young lassie doesn't know what shes taking about. Sounds like she is spouting someone else s words. (maybe the public banking institute, whoever they are) Should stick with the Barbie dolls...
Seems so. She has misunderstood fractional reserve banking, money on deposit vs money in reserve, the break from the gold standard, and well, just about everything else she is saying. I'm sure she's repeating someone else's words. Hard to believe she understands what the implications are of what she is saying or proposing. Her argument is basically: banks provide a service which they are paid to do, therefore banks are bad.
 

Merkava_4

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It's such a simple scheme, a child can understand. The big central banks make their money by loaning money to governments. They know that they'll get their interest on the loans they lend because the loans are backed up by taxes the government charges their people in the form of income tax. But the central bank is kind hearted -- they say <span style="font-style: italic">"Gee, were sorry that you have to pay income tax to pay for the interest we loan your government; here's a credit card with interest..."</span> Many of the wars throughout history were fought for the central banking system. The bankers create the wars so that the governments need money to pay for the wars, then the bankers finance BOTH sides of the war.
 
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Colorado Springs
Originally Posted By: Merkava_4
It's such a simple scheme, a child can understand. The big central banks make their money by loaning money to governments. They know that they'll get their interest on the loans they lend because the loans are backed up by taxes the government charges their people in the form of income tax. But the central bank is kind hearted -- they say "Gee, were sorry that you have to pay income tax to pay for the interest we loan your government; here's a credit card with interest..." Many of the wars throughout history were fought for the central banking system. The bankers create the wars so that the governments need money to pay for the wars, then the bankers finance BOTH sides of the war.
You're clueless; central banks Don't fund the government. Period, end of story, it's not taught in current economics. When the Federal government runs a deficit, they literally credit banks accounts of private institutions for expenditures over and above revenue. It's money created digitally out of thin air. The federal Reserve CAN NOT BUY NEW TREASURY NOTES! The only buy and sell in the secondary market to affect short term interest rates. Period, end of story. They have no secret power only to serve as a clearing house for the entire banking system. All the money they make gets remitted back to the treasury and it's not owned by a secret cabal of international bankers; it's "owned" essentially by all the member banks in the system. Literally to the penny as a function of accounting, if the federal reserve "bought back" all the US debt, nothing would change in the economy. The amount of private sector assets would not change, only the composition. Educate yourself. These federal Reserve conspiracies are laughable if they weren't so damaging to the national dialogue. https://www.youtube.com/watch?v=0zEbo8PIPSc The proof in the pudding is what actually happens in the bond market. People who actually have money on the line do not operate on the conspiracy theory thesis of how the banking system works because it's complete and total BULL [censored]. Remember how quantitative easing was supposed to be the last gasp of the US treasury market and when it ended, the market was gonna crash? It RALLIED and has rallied ever since.
 
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Originally Posted By: LT4 Vette
Drew, How soon for the bubble to burst in your opinion ???
What bubble? The bond market? Never. It can't. Treasury bills are no longer used as a financing mechanism since we went of the gold standard; they are used by the Fed to alter the composition of money in the system to affect interest rates. At some point I suspect they may trim back the issuance of treasuries and use a different mechanism for altering interest rates, but treasury bonds are still liked by public individuals and private institutions alike as a safe saving mechanism. Granted, the power of the United States to have it's own sovereign currency and be able to fund itself internally comes from military, political, and economic power. But smaller countries like Japan operate the exact same way and their bond markets never collapsed when their government debts have been twice as large as the US's. A separate economic unit like a country isn't constrained by money. It's constrained by politics, economics, inflation etc. Money is simply a socio-economic unit of account. When precious metals were money they served that exact purpose, albeit with disastrous flaws.
 
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pbm

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New York
I don't know if this girl is right or wrong but I do know that BOTH political parties are in on the game even though one takes the majority of the blame. I also think our Federal Reserve is a sham system... I've never understood why we give billions of dollars away while we are in debt up to our ears and our infrastructure crumbles.....
 

Merkava_4

Thread starter
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Clovis, CA
Originally Posted By: Drew99GT
When the Federal government runs a deficit, they literally credit banks accounts of private institutions for expenditures over and above revenue. It's money created digitally out of thin air.
The federal government credits the small banks, but where do you think they get the money to credit the small banks? From the Central Bank. The Federal Reserve is not a government owned printing press; they are a private entity entirely to themselves. The Federal Reserve is the Central Bank. They pay a few hundred dollars for the paper and the ink, but they more than make up for it by charging interest on the very same money they print up for the government. That interest charged on the printed money is then passed on to you and me.
 

Merkava_4

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Originally Posted By: Drew99GT
Granted, the power of the United States to have it's own sovereign currency and be able to fund itself internally comes from military, political, and economic power.
But the government doesn't own the money; the money is owned by the Federal Reserve bank.
 
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Delaware
Originally Posted By: Merkava_4
Originally Posted By: Drew99GT
You're clueless; central banks Don't fund the government. Period, end of story, it's not taught in current economics. When the Federal government runs a deficit, they literally credit banks accounts of private institutions for expenditures over and above revenue. It's money created digitally out of thin air. The federal Reserve CAN NOT BUY NEW TREASURY NOTES! The only buy and sell in the secondary market to affect short term interest rates. Period, end of story. They have no secret power only to serve as a clearing house for the entire banking system. All the money they make gets remitted back to the treasury and it's not owned by a secret cabal of international bankers; it's "owned" essentially by all the member banks in the system. Literally to the penny as a function of accounting, if the federal reserve "bought back" all the US debt, nothing would change in the economy. The amount of private sector assets would not change, only the composition. Educate yourself. These federal Reserve conspiracies are laughable if they weren't so damaging to the national dialogue. https://www.youtube.com/watch?v=0zEbo8PIPSc The proof in the pudding is what actually happens in the bond market. People who actually have money on the line do not operate on the conspiracy theory thesis of how the banking system works because it's complete and total BULL [censored]. Remember how quantitative easing was supposed to be the last gasp of the US treasury market and when it ended, the market was gonna crash? It RALLIED and has rallied ever since.
The federal government credits the small banks, but where do you think they get the money to credit the small banks? From the Central Bank. The Federal Reserve is not a government owned printing press; they are a private entity entirely to themselves. The Federal Reserve is the Central Bank. They pay a few hundred dollars for the paper and the ink, but they more than make up for it by charging interest on the very same money they print up the government. That interest charged on the printed money is then passed on to you and me.
Nope. Not true. Try again.
 
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