Monetary history teaches us that governments always abuse their money-printing powers. Debt crises are not new. The scale and scope of today’s debt crisis, however, is unprecedented.
Video created in cooperation with http://www.GoldSilverWorlds.com
Top Comments
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· 9
Good video, simple and to the point.
All Comments (24)
As an old voice over guy, it hurts me to hear the narrator, who has a great voice, but little sense of the content, pronounce the word statist incorrectly…like static as opposed to state-ist. Was no one supervising?
This video has several excellent parts and it’s missing the mark slightly in several others. I appreciate what they’ve done and at the same time would like to have seen it be all it could have been,
· in reply to Karma King (Show the comment)-
They’re dealers providing a service in exchange for a markup. I’m sure you’re familiar with the concept.
They aren’t selling THEIR gold, which I’m sure they hold plenty of individually.
· in reply to halfcab123 (Show the comment) 
Brilliantly produced. Brilliantly distilled. For more detail google “criticism of fractional reserve banking”
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Jct: True, I’ve had little success with our English blacks and whites, but why them first, are they brighter than us? Same malfunctioning chips systems everywhere, same math. Besides, I don’t have to convince the masses that the bank software needs debugging, I just need to offer a debugged LETS timebank program.
· in reply to Zoopy Joobles (Show the comment)
If Gold is the answer, why are they selling it ?
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you cant convince the government …. hopefully we can awaken the interest of the people to do their own research what to accept as medium of exchange
· in reply to AquaBuddhaDeluge (Show the comment)-
money is about quality and not quantity….and so far you still can purchase physical gold and silver…. in regards to the inflation model – sure you get new money because the collateral e.g. the government is using us a a collateral by increasing taxation and inflating away our savings…
· in reply to kingofthepaupers (Show the comment) -
True – that would be Marx Vision of a nationalized currency system… I personally favor a monetary system that does not allow a small elite (gov or bankster) to print money out of thin air, which can then be use to bribe politicans, to destroy international trade with subisides/restrictions or finance wars…..in a uncovered paper money system people will end up in slavery because in such a system property rights do not exist.
· in reply to endtheillusion (Show the comment) -
Aristotle came to the conclusion that “In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings”.
· in reply to ymom11 (Show the comment) -
no need to – they are purchasing already for a long time…
· in reply to Zoopy Joobles (Show the comment) -
Good video, simple and to the point.
· 6 
All good points, however it seems like gold propaganda. It left out the fact that all US fiat money is created with debt attached as a loan. Because of this, there is more debt to bankers than exists money in existence and the debt is growing. To participate in markets people need this debt attached currency and it makes everyone a debt slave to the bankers. Fiat currencies have and can work when the government is responsible e.g. American Colonial Scripts.
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Gold is not the end-all be-all. Its value is easily manipulated by those who have cornered the market like what has been done to diamonds. Gold backed currencies can be inflated or deflated by those who own the vast majority of the world’s wealth. The best answer is a responsibly managed fiat which has rarely existed in history.
· in reply to ymom11 (Show the comment) 
You say in the video that the govt needs the banks to print the money. Actually the govt could print the money itself and save itself the costs of the interest payments on the bank printed debt notes.
marketoracle.co.uk/Article3489
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I’m not so keen on the inflation that would bring about, but I sincerely wish you luck in convincing the govt to stop borrowing :o)
· in reply to endtheillusion (Show the comment)-
Jct: What a piece of trash, as if there would ever be enough yellow or silver rock to go around. Screw the Gold Standard of Money, poor people have no gold, only bullion brokers are cheering this on. Better the Time Standard of Money, join a LETS timebank for some interest-free credits. Forget low-tech rock, think high-tech credits. The inflation model is silly, no one gets any new money without putting up collateral. Seems they forgot the doubled collateral when they doubled the money! Har har!
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Now convince over two billion Indians and Chinese of this.
· in reply to kingofthepaupers (Show the comment) 
What a great video….I also recommend “Money as Debt” a 46 minute cartoon…Very important.
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this is complete garbage
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Thank you! FINALLY, this is a video that I want to share. It addresses the main issues very clearly and yet doesn’t confuse those who are new to the subject.
· 11-
Thank you! FINALLY, this is a video that I want to share. It addresses the main issues very clearly and yet doesn’t confuse those who are new to the subject.