Money Masters (Documentary)

[Diggerjr01]

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[Travlyr]

Beware the Money Masters

Just enough truth in the Money Masters video to make it believable, yet they conclude that people must remain slaves to the bankers. Their conclusion is wrong. No government has the right to print money, and no government should have the right to coin money, imo.

 

[dennis dujac]

william t still, the narrator, admits that 'money masters' is full of inaccuracies and outright fabrications

 

[Jeremy D Adams]

Pray tell, what are the inaccuracies and fabrications? I'm not saying that none exist, I just want to hear what the argument is so I can research it myself.

The Money Masters video does not conclude that people must remain slaves to the bankers. Nothing of the kind. You don't even need banks with their plan, just that government takes back control of the currency.

 

[Jeremy D Adams]

Also I hear arguments that coins are okay but bills are not. There is no difference between the two if nothing backs it.

A bronze coin has not much intrinsic value. The coins we have today cannot be melted down and sold for anything. They only have value as a coin and only that we give value to them.

But that is all that is needed in order for trade to be facilitated.

 

[Jeremy D Adams]

william t still, the narrator, admits that 'money masters' is full of inaccuracies and outright fabrications

A narrator is no authority. That's a hired performer. Also, men can be bought. Especially when we are dealing with as much money as we are talking about.

 

[Travlyr]

Pray tell, what are the inaccuracies and fabrications? I'm not saying that none exist, I just want to hear what the argument is so I can research it myself.

The Money Masters video does not conclude that people must remain slaves to the bankers. Nothing of the kind. You don't even need banks with their plan, just a government controlled central bank that adds currency when necessary to stop deflation as goods and services grow.

We have to have money. The government printing a debt free fiat currency is absolutely allowed. If we didn't do that, there wouldn't be enough gold and silver to use as money. Gold and silver are both limited in supply. Once goods and services outweigh the amount of gold and silver, then we'll have massive money contraction naturally as more goods and services grow and more people are born. The only way to combat this is a fiat currency. But fiat currency should be regulated so as to keep the same buying power continually, without deflation nor inflation.

I disagree. People need to be free to trade with whatever they choose. Governments can require payments to them in whatever form they decide. Gold and silver is limited in supply and that is exactly why they were the preferred choice for money in the past and will likely be the most preferred form of money in the future. There is plenty of money in the world for trade. Paper is not valuable. Time will tell.

Anyone who prints money is counterfeiting. Counterfeiting is immoral.

 

[hugolp]

A narrator is no authority. That's a hired performer. Also, men can be bought. Especially when we are dealing with as much money as we are talking about.

The narrator is also the guy that created the video.

 

[dennis dujac]

Pray tell, what are the inaccuracies and fabrications? I'm not saying that none exist, I just want to hear what the argument is so I can research it myself.

there are many, one is:

'money masters' says that the aldrich plan was essentially the same as the glass-owens bill, which is not correct

the aldrich plan gave full control of the central banking system to private interests, glass-owens put the banks under control of the publicly appointed board of governors


these are quoted directly from bill still's you tube channel:

why does the 'money masters' video have inaccuracies and misinformation in it?

"It does have quotes that I have subsequently found are not accurate, or, in some cases, complete fabrications. I do not control the film at this point. I cannot make any changes to it. You will notice, I have stripped all those bad quotes out of "The Secret of Oz." There are other things I do not like about the film at this point and so I no longer promote it or advise people to view it even.

bstill3 9 months ago

 

[OrigSEOH]

You don't even need banks with their plan, just a government controlled central bank that adds currency when necessary to stop deflation as goods and services grow.

As if authoritarian mortals know when to tweak the money supply for the government to be praised by the masses?

In short, it doesn’t matter what the money
supply may be; every M will be just as good as any other for performing
its cash balance exchange function. Page 45, The Mystery of Banking, MURRAY N. ROTHBARD

 

[sevin]

Pray tell, what are the inaccuracies and fabrications? I'm not saying that none exist, I just want to hear what the argument is so I can research it myself.

The Money Masters video does not conclude that people must remain slaves to the bankers. Nothing of the kind. You don't even need banks with their plan, just a government controlled central bank that adds currency when necessary to stop deflation as goods and services grow.

We have to have money. The government printing a debt free fiat currency is absolutely allowed. If we didn't do that, there wouldn't be enough gold and silver to use as money. Gold and silver are both limited in supply. Once goods and services outweigh the amount of gold and silver, then we'll have massive money contraction naturally as more goods and services grow and more people are born. The only way to combat this is a fiat currency. But fiat currency should be regulated so as to keep the same buying power continually, without deflation nor inflation.

Also I hear arguments that coins are okay but bills are not. There is no difference between the two if nothing backs it.

A bronze coin has not much intrinsic value. The coins we have today cannot be melted down and sold for anything. They only have value as a coin and only that we give value to them.

But that is all that is needed in order for trade to be facilitated.

I suggest you read the book What Has Government Done To Our Money? You can read it free online. It explains why a central banks and fiat currencies are unnecessary, why it doesn't matter that gold and silver are limited in supply, and why they'll always be valuable.

 

[matt0611]

I suggest you read the book What Has Government Done To Our Money? You can read it free online. It explains why a central banks and fiat currencies are unnecessary, why it doesn't matter that gold and silver are limited in supply, and why they'll always be valuable.

Yup, this is an excellent suggestion. Its the perfect book to start out with in terms of money.

Though a 100% gold backed currency would be a significant step up. We need government out of the money business all together, that is true freedom. We definitely don't want congress and treasury printing money as it has in the past.

And if anyone wants to delve either further into monetary matters I recommend:

The Case for Gold
The Mystery of Banking
The Ethics of Money Production


I think these videos are better and more informative, though less technical.

 

[dennis dujac]

Pray tell, what are the inaccuracies and fabrications? I'm not saying that none exist, I just want to hear what the argument is so I can research it myself.

here's one of the fabrications:


this is a direct quote from 'money masters'

"president wilson realized the full extent of damage he had done to america, when he confessed, "i have unwittingly ruined my government""

so far as recent references go, no credible source has been cited for the 'unwitting' quote

"I can tell you categorically that this is not a statement of regret for having created the Federal Reserve. Wilson never had any regrets for having done that. It was an accomplishment in which he took great pride." - John M. Cooper

references:

John M. Cooper, a professor of history at the University of Wisconsin, and the author of several books on Woodrow Wilson

http://www.salon.com/technology/how_the_world_works/2007/12/21/woodrow_wilson_federal_reserve

http://en.wikipedia.org/wiki/America:_Freedom_to_Fascism#Quotation_of_President_Wilson

The Creature From Jekyll Island (by G. Edward Griffin)

griffin is widely regarded as a shady character

 

[Jeremy D Adams]

I disagree. People need to be free to trade with whatever they choose. Governments can require payments to them in whatever form they decide. Gold and silver is limited in supply and that is exactly why they were the preferred choice for money in the past and will likely be the most preferred form of money in the future. There is plenty of money in the world for trade. Paper is not valuable. Time will tell.

Anyone who prints money is counterfeiting. Counterfeiting is immoral.

Whatever you decide is money is money. Whether it is gold, silver or paper. But gold and silver are a limited supply. What happens when there is more trading to do then gold or silver exists? That is when unemployment happens.

 

[matt0611]

Whatever you decide is money is money. Whether it is gold, silver or paper. But gold and silver are a limited supply. What happens when there is more trading to do then gold or silver exists? That is when unemployment happens.

That can't happen. Its impossible. Prices in gold and silver fall as the amount of goods produced in the economy increases. The supply of money doesn't matter. Read one of the books I posted if you want. They explain how money works.

 

[dennis dujac]

They explain how money works.

they explain from a highly politically biased viewpoint

 

[matt0611]

they explain from a highly politically biased viewpoint

The supply of money doesn't matter in the long run, its a universally accepted economic fact.

 

[dennis dujac]

The supply of money doesn't matter in the long run, its a universally accepted economic fact.

i didn't mention anything about the money supply

 

[LibertyEagle]

griffin is widely regarded as a shady character

That is news to me. By whom?

 

[matt0611]

i didn't mention anything about the money supply

Good, its better that you don't speak of things in which you know not.