Excellent video about National debt and Fed Reserve

sew and sew · 02-10-2009, 03:20 PM

Ok, so this is a 5 part video of...a pastor talking. I know that'll automatically put a lot of people off, but an atheist hosted at it youtube and the poster at the forum I got the link from is also an atheist because it could easily be a secular discussion...so don't let the whole church context put you off.

I'm sure a lot of you are familiar with Ron Paul and his thoughts about government monetary policy. He's by no means the only person out there holding his thoughts, it's just amazing that he has managed to stay politically alive. This guy can afford to be a little more impassioned about the state of things. ...A little more severe but that seems appropriate given the information he's conveying.

He takes just a bit to get going but he goes into some fascinating and burdensome information about monetary policy in this nation, and how we came to have the system we're under today, and the ramifications of it. This might sound strange but he makes the reality based case for a criminal setup that begets debt in all sectors from the top down and who's really profiting from this.

National Debt. To whom do we owe it? Part I

Part II

Part III

Part IV

Part V

CurlyGina2 · 02-10-2009, 10:15 PM

I have seen several different figures on the national debt. I don't know who to believe. I am not inclined to believe this preacher though.

sew and sew · 02-11-2009, 10:09 AM

The interesting thing about this talk is that he actually gave it in 2003 before Iraq War debt mounted and the bailouts.

I did a google news search to find the current figure and came up with this:

Quote:

In September 2008, our national debt surpassed $10 trillion for the first time. The authors report the National Debt Clock ran out of digits. That was before the $700 billion bailout, which required Congress to raise the debt ceiling to $11.3 trillion (which is 70 percent of the gross domestic product, the value of all goods and services we produce in a year).

The $11.315 trillion is also referenced by Bloomberg and others.

He's definitely not the only person out there drawing attention to this stuff, and you can tell he's read some books, but the video is appreciated because he goes into a good amount of how stuff works, and the history behind what led us up to operating in this system.

The most striking aspect of what he's saying is more the nature of our debt and the process through which we accrue it besides the surface action of borrowing or infusing printed currency into the economy. The fact it's also so big just compounds the burden of it.