Can you truly call yourself redpilled unless you've seen this video?
Can you truly call yourself redpilled unless you've seen this video?
Dylan Collins
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Cooper Jones
nope, and also replace "Corrupt bankers" with
(((Corrupt bankers)))
Brayden Bell
It's a good video
James Rogers
Andrew Jackson was /ourguy/ btw.
Samuel Lee
So I don't have to copy paste link it op. Save everyone time.
Justin Phillips
Landon Sullivan
that video is a hoax
only dumb people would believe anything of this
Robert Parker
>animated youtube short
>red pill
Amigo, that's an ultraviolet pill
Luis Mitchell
>gold standard will solve the problems of capitalism
>except the Great Depression
How economically illiterate can you even be?
Ayden Harris
It's actually quite true. Basically summarizes everything you will learn from a 4 year Economics B.A. (sans the mathy stuff).
only thing I have a problem with is the whole "Fed is independently owned" thing. Obvious, clear cut reason for that. Other than that its quite on point. What are your qualms against it?
Nathan Long
>It's actually quite true. Basically summarizes everything you will learn from a 4 year Economics B.A. (sans the mathy stuff).
thats not how it works
for example, the whole theme of these kind of conspiracy videos is that the FED is lending out money at interest and that the people and the government are unable to ever pay it back
the truth is that a central bank does not make any profit and all the interest they got from lending loans to private banks gets handed over to the treasury.
Landon Morris
Seen it.
Ethan Murphy
lmao this is cringe af
Jose Green
Good goyim
What about when a couple trillion dollars is unaccounted for?
Angel Lopez
It's actually total dogshit
Inflation i.e. the expansion of the money supply isn't some huge problem since wages and prices both rise. The only problem is savings, and the solution to the is to invest.
The real problem is when we have a privately controlled central bank instead of a nationally controlled central bank. A privately controlled central bank shifts the economic focus towards ponzi schemes like the sub prime housing bubble. The result is private banks loosening lending standards and filling the private sector with debt. Then when all their loans go tits up the FED bails out the banks instead of letting them fail effectively giving the banks trillions of dollars in free shit.
I'd suggest reading books by good natsoc economists like Feder.
en.wikipedia.org
The solution is a true nationally run banking system (like what the Nazis had or what the US had until Jackson fucked everything up) instead of a privately run bank
Liam Martin
The problem is the FED gives trillions of dollars to the banking industry as a reward for destroying the economy.
The FED certainly needs to be abolished.
But the FED creates money out of nothing anyway
The problem isn't "miss accounting" or "theft" the problem is systemic. The FED is, by design, supposed to save our retarded bankers when they fuck up the economy.
The only real way to keep banks from fucking up the economy is with a strict regulatory system which would ban them from making NINJA loans (No Income No Job or Assets) to people that may or may not be illegal immigrants and who may or may not exist.
But Carter, Reagan, and Clinton gutted our wall street regulatory system.
Easton Clark
I thought Andrew Jackson was /our guy/?
Are you telling me Old Hickory is just a meme'ster?
wtf I'm a Whig now
Hunter Perez
>The problem is the FED gives trillions of dollars to the banking industry as a reward for destroying the economy.
and the banking industry is lending that money to the people
there are several reasons why a central bank can't be directly controlled by the government or directly lend money to a government.
Jace Davis
Jackson was right about most things, just not banking
>banking industry is lending that money to the people
wrong
marketwatch.com
forbes.com
Not only are banks in the modern world not lending, even when they do lend they are essentially doing little more than creating money from nothing (or getting free money from the FED) so they can lend money out at profit by charging interest, leading into consumers being soaked in debt, which in the end kills the economy through stagnation as no one can afford anything, when they are up to their eyeballs in banking debts.
> a central bank can't be directly controlled by the government or directly lend money to a government.
The only reason is that it would eat into private bankers' salaries
Can't have that can we?
The solution is basic Keynesian/National Socialist/old America school economics
The government, not the private bankers, must control the central bank. Neoliberalism is a false god.
Joshua Watson
as you can see cheap credit is behind the increase in prices of most "services" that indebt people
i.e. home mortgages, student loans, medical expenses (through insurance), and now auto loans.
Grayson Mitchell
i've seen it before
it's cringy as all hell, but the message is good
Tyler Morris
Couldn't you argue the Great Depression was caused by the Federal Reserve?
Aaron Russell
Fuck off. Andrew Jackson was right about the bank.
Daniel Reed
The great Depression was more specifically caused by the stock market bubble which was caused by debt leveraged financing of stock purchasing i.e going banks into debt to by stocks
It was one giant pyramid scheme built on a house of cards
the Federal Reserve really didn't do anything to prevent it, nor could it. It was the tougher regulation introduced in the 30s that prevented stock bubbles.
Prior to the establishment of the FED there were stock crashes every few years.
en.wikipedia.org
The difference being that in the old days when your bank was wiped out, literally all your savings were wiped out and you had to start from scratch. That's the whole reason wildcat banks were hated so much. On top of that banks are in no way limited in terms of money creation, they can lend out as much as they want at will, at least until the withdrawals begin. By that point there would be nothing left. This would have happened to Goldman Sachs, etc if the FED hadn't bailed them out as a reward for destroying the economy.
He was wrong about the Bank of the US
he would have been right about the FED though
Nathan Jones
Wrong. Central banks are a goddamn cancer. Take your Hamiltonian bullshit and get the fuck out of America. NatSoc '''economics'' are a joke besides.
Gabriel Roberts
>Hamiltonian bullshit
protectionism
border control
infrastructure spending
the three things that built this country and are as American as Apple Pie and existed in one for or another from 1790-1970. The only reason Germany and the US were so successful was because they followed basic nationalist systems instead of whatever open border faggotry you believe in.
Libertarians are such a joke, and Hamilton was a genius.
Christian Adams
youre existense is cringe af, end yourself