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  • Title: The Money Masters
    Descriptive info: .. website templates.. The Money Masters.. How Banks Create 90% of the World s Money.. Home.. Order.. FAQs.. Interview Requests.. Monetary Reform Act.. Contact.. THE MONEY MASTERS.. impose.. BASEL I, II III on an unsuspecting world.. Central Bankers’ Basel III scheme will worsen Worldwide Recession.. BASEL I.. In 1988 a faceless, unelected group of bankers met in Basel, Switzerland at the Bank for International Settlements (“BIS”) – the “Central Banker’s bank” which even Swiss authorities may not enter and in their “Basel I accords” agreed to a set of minimum capital requirements (8%) for banks.. This was a number fine for some banks, but higher than what was in place for France and especially Japanese banks.. To raise more capital to reach the 8% level, French and Japanese banks had to reduce loans, causing a recession in France and a depression in Japan, one from which Japan has never fully recovered.. BASEL II.. In 2004, the same group met and agreed to Basel II (“The Return of Basel I”)– which required banks to value their capital based on market values, or “mark-to-the-market.. ” These rules were approved for the US on November 1, 2007.. The declining housing market set off a chain reaction due in part to Basel II which banks knew was coming and constricted credit in anticipation of.. The next month, December, 2007 the stock market collapsed and the Great Recession began in earnest.. This should have been no surprise to the Japanese, nor to the BIS bankers.. Full implementation of Basel II was subsequently delayed in the US until 2009.. Basel II has been blamed for actually increasing the effect of the housing crisis as banks had to reduce lending to increase their capital as the value of mortgages they hold declined.. This produced a downhill snowball effect on home prices and then on nearly everything else as lending and the economy contracted.. BASEL III.. Not content with two massive regulatory failures, the same bankers have now produced Basel III (“The Revenge of Basel I II”).. Like Basel I II, Basel III increases capital requirements yet again, in a series of steps beginning in 2013 with the start of the gradual phasing-in of the higher minimum capital requirements not completed until 2018.. The BIS bankers have imposed this and are forcing their home governments to get in line, as has the UK, the US and most other developed nations.. It is truly a global rule by central bankers acting in concert/cabal.. An OECD study estimates that the medium-term harmful impact of Basel III implementation on GDP growth is in the range of −0.. 05% to −0.. 15% per year just what’s needed in a worldwide recession! To meet the capital requirements effective in 2015 banks are estimated to need to increase their lending spreads on average by about.. 15%.. The capital requirements effective as of 2019 could increase bank lending spreads by about.. 5%.. Rising interest rates could significantly hurt small bank capital positions because a 3% upward swing in interest rates could drop a bank s capital by 30%, placing the bank in an undercapitalized position, forcing it dramatically to reduce loans.. Again, the downhill snowball effect.. The proposed Basel III regulatory capital requirements are an immense and unnecessary burden that will actually threaten the existence of banks with under $1billion in assets.. These new regulations will further drive consolidation into a few bigger banks.. Some on Wall Street, like mergers and acquisitions expert John Slater, predict that Basel III s compliance costs will lead to a merger boom, and that in the next 3-5 years 20-30 percent of all banks will merge, further consolidating wealth in fewer and fewer hands.. That is the object – world bank/economic and hence political control by a handful of unelected, unaccountable, international bankers beholden to no one, many of whom have ethics only Machiavelli could admire and worldviews that most people on earth would consider abhorrent.. Learn more about the BIS and the Bankers’ Global Plans in THE MONEY MASTERS DVD.. ORDER ON DVD AT.. themoneymasters.. com.. 1-719-930-7549.. HELP SPREAD THE WARNING.. International Monetary Fund.. Researchers Back.. Full Reserve Banking.. But Don t Hold Your Breath Waiting for the IMF to Adopt It.. Our.. Monetary Reform Act, written.. in 1996 and supported by Dr.. Milton Friedman is largely based on the monetary reform plan that came out of the University of Chicago during the Great Depression in 1933, with added safeguards.. Recently two researchers working for the IMF (perhaps not for long now!) discovered the Plan, dusted it off and have noted five major and real benefits of the plan.. While there is slim to no chance the IMF will promote the plan despite it s obvious advantages to the public, still it is very interesting that it s own researchers discovered, compliment and hoped to advance it.. THE ADVANTAGES OF THE CHICAGO PLAN/MONETARY REFORM ACT.. 1.. ) Better Control/Reduction of Business Cycle Fluctuations (the Boom/Bust Cycles).. 2.. ) Elimination of Bank Runs.. 3.. ) Dramatic Reduction of the National Debt (elimination when fully implemented).. 4.. ) Dramatic Reduction of Private Debt.. 5.. ) National Output Gains of 10%.. The IMF authors noted that all five benefits of the Plan were supported by their  ...   Reform and Recovery.. Directs the Treasury Department to issue U.. Notes (like Lincoln’s Greenbacks; can also be in electronic deposit format) to pay off the National debt.. Increases the reserve ratio private banks are required to maintain from 10% to 100%, thereby terminating their ability to create money, while simultaneously absorbing the funds created to retire the national debt.. These two relatively simple steps, which Congress has the power to enact, would extinguish the national debt, without inflation or deflation, and end the unjust practice of private banks creating money as loans (i.. , fractional reserve banking).. Paying off the national debt would wipe out the $400+ billion annual interest payments and thereby balance the budget.. This Act would stabilize the economy and end the boom-bust economic cycles caused by fractional reserve banking.. For the full text of the Act click here to read the.. MONETARY REFORM ACT.. The Austrian School Got it Right.. The monetarist school, of which Dr.. Milton Friedman was the acknowledged head, has been rightly criticized by the Austrian school of economics for failing to recognize and deal with the fact that no fiat money system has ever lasted long before the government instituting it succumbed to the temptation to inflate the money supply as an indirect tax on the people, proportionately decreasing the value of their savings and wages, and transferring their wealth into the hands of the government.. This is certainly a valid critique.. The so-called Great Recession beginning in 2007, TARP, QE1, QE2 etc.. and the staggering increase in the national debt has proven the validity of that critique the Austrian school was right.. To be fair to Dr.. Friedman, he did write that we do need a commitment to sound money.. The best arrangement currently would be to require the monetary authorities to keep the percentage rate of growth of the monetary base within a fixed range.. This is a particularly difficult amendment to draft because it is so closely linked to the particular institutional structure.. One version would be: Congress shall have the power to authorize non-interest-bearing obligations of the government in the form of currency or book entries, provided that the total dollar amount outstanding increases by no more than 5 percent per year and no less than 3 percent.. However, given the near-impossibility of passing such a Constitutional Amendment, it can fairly be argued that Dr.. Friedman really had no practical means (only the theoretical one, above) to offer to restraint the government from debasing the currency and inflating away the wealth of the people.. That being so, we part company with Dr.. Friedman s conclusion that It is neither feasible nor desirable to restore a gold-or-silver coin standard.. Again, to be fair to him, Dr.. Friedman later softened his stance against gold and stated that it would be preferable to what we have, a fractional reserve banking system.. To that shift in thought, we say, Amen.. The Money Masters website will be updating information and the Monetary Reform Act to explain the Austrian school s solution to the current economic crisis in the light of events the last 5 years.. One thing both schools of economic thought agree upon, as does Dr.. Ron Paul: End the Fed!.. “Banking was conceived in iniquity and was born in sin.. The bankers own the earth.. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in.. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.. Sir Josiah Stamp, Director of the Bank of England (appointed 1928).. Reputed to be the 2nd wealthiest man in England at that time.. Support the Monetary Reform Act write your Congressman today!.. MONEY MASTERS.. New radio interview.. from the producer of the Money Masters!.. "As you know, I am entirely sympathetic with the objectives of your Monetary Reform Act.. You deserve a great deal of credit for carrying through so thoroughly on your own conception…I am impressed by your persistence and attention to detail in your successive revisions.. Best wishes, Milton Friedman".. Nobel Laureate in Economics; Senior Fellow, Hoover Institution on War, Revolution and Peace.. Welcome to the Money Masters DVD Website!.. The Gross National Debt.. The Money Masters explains the history behind the current world depression and the bankers' goal of world economic control by a very small coterie of private bankers, above all governments.. ORDER YOUR DVD TODAY! New DVD from the Narrator of the Money Masters!.. Both dvds - Money as Debt and Money as Debt II are included with a Money as Debt II dvd purchase.. Money Masters Pages.. Order Form for Mail or Fax.. Famous Quotations on Banking.. Synopsis/Chapter Headings.. Reviews and Comments.. Viewers Comments.. Milton Friedman: END THE FED.. Recommended Reading.. Public Broadcasts.. Principles of Monetary Reform.. MODERN MONEY MECHANICS.. The Five “Bank Wars”.. Links.. THE WONDERFUL WIZARD OF OZ: A Monetary Reformer’s Brief Symbol Glossary.. Go To Top..

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  • Title: Order
    Descriptive info: Money Masters DVD.. 1 Money Masters DVD w/US Shipping $14.. 95.. 5 Money Masters DVDs w/US Shipping $49.. 1 Money Masters DVD w/FedEx International Shipping $49.. 5 Money Masters DVDs w/FedEx International Shipping $95.. 00.. 100 Money Masters DVDs w/US or International Shipping $1,000.. NEW! Money As Debt III (does not include Money As Debt I and II) DVD US Shipping Only: $19.. NEW! Money As Debt III (does not include Money As Debt I and II) DVD FED EX International Shipping Only: $69.. New Book A Must Read!.. Crisis by Design: The Untold Story of the Global Financial Coup + The Money Masters DVD $39.. 95 (includes shipping in the US).. Crisis by Design: The Untold Story of the Global Financial Coup + The Money Masters DVD $69.. 95 (includes international shipping).. 100 Money Masters DVDs w/US or International Shipping $1,400.. Money As Debt DVD.. 1 Money As Debt DVD w/US Shipping $19.. 1 Money As Debt DVD w/FedEx International Shipping $69.. Money Masters and Money As  ...   Inter $185.. Tragedy and Hope by Dr.. Carroll Quigley.. Carroll Quigley w/US Shipping $49.. Carroll Quigley w/FedExInternational $89.. Creature from Jekll Island G.. Edward Griffi.. n.. Edward Griffin w/US Shipping $44.. Edward Griffin w/FedEx Inter.. Brave New World by Aldous Huxley.. Brave New World by Aldous Huxley w/US Shipping $19.. Brave New World by Aldous Huxley w/FedEx International Shipping $39.. 1984 by George Orwel.. l.. 1984 by George Orwell w/US Shipping $14.. 1984 by George Orwell w/FedEx International Shipping $34.. Empire of the City by E.. C.. Knuth.. Knuth w/US Shipping $19.. Knuth w/FedEx Shipping $39.. Wall Street and the Bolshevik Revolution.. Wall Street and the Bolshevik Revolution w/US Shipping $21.. Wall Street and the Bolshevik Revolution w/FedEx International $41.. Wall Street and Rise of Hitler by Antony C.. Sutton.. Wall Street Rise of Hitler by Antony C.. Sutton w/US Shipping $21.. Sutton w/FedEx Inter.. $41.. How the World Really Works by Alan B.. Jones.. Jones w/US Shipping $21.. Jones w/FedEx Inter.. Shopping Cart.. Your cart is empty..

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  • Title: The Money Masters
    Descriptive info: is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure.. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money.. The development of.. fractional reserve banking.. practices in the 17.. th.. century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth.. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned central bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day.. Nation after nation has fallen prey to this cabal of international central bankers.. The success of the central banking scheme developed into a far-reaching plan described by President Clinton s mentor, Georgetown Professor Carroll Quigley, to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a  ...   of very rich men have been able to lay upon the masses a yoke little better than slavery itself.. That yoke inevitably grows heavier with ever-compounding interest, and totals over $20 trillion of debt owed by the American people today ($80,000 per American) ultimately to these bankers.. This vast accumulation of wealth concentrates immense power and despotic economic domination in the hands of the few central bankers who are able to govern credit and its allotment, for this reason supplying, so to speak, the life-blood to the entire economic body, and grasping, as it were, in their hands the very soul of the economy so that no one dare breathe against their will.. Segments:.. The Problem; The Money Changers; Roman Empire; The Goldsmiths of Medieval England; Tally Sticks; The Bank of England; The Rise of the Rothschilds; The American Revolution; The Bank of North America; The Constitutional Convention; First Bank of the U.. ; Napoleon s Rise to Power; Death of the First Bank of the U.. / War of 1812; Waterloo; Second Bank of the U.. ; Andrew Jackson; Abe Lincoln and the Civil War; The Return of the Gold Standard; Free Silver; J.. P.. Morgan / 1907 Crash; Jekyll Island; Fed Act of 1913; J.. Morgan / WWI; Roaring 20s / Great Depression; FDR / WWII / Fort Knox; World Central Bank; Conclusions..

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  • Title: FAQs
    Descriptive info: Question:.. What caused the US Housing market collapse?.. Answer:.. The Real Causes of the Housing Market Collapse,.. The National Debt now exceeds $9.. 2 trillion dollars.. In Fiscal Year 2006 the U.. Government spent $406 billion on interest payments.. to holders of that debt.. Why do we have such a gigantic debt? Because Democrat and Republican officeholders spend far more than the Government receives in revenue.. In 2007 alone, the US government paid out roughly $430 billion in interest to pay for money borrowed to finance previous deficits.. The interest total for just the last 20 years – back to 1988 is well over $6.. 5 trillion.. Interest payments in 2008 alone will again exceed $400 billion.. Where on earth will all that money come from? If the government borrowed it all from the credit markets (i.. , sold US Treasury bills, bonds and notes – government IOUs) to raise the money it would dry up all available credit.. Interest rates would skyrocket and the economy would collapse.. So how does it do this year after year without such dire effects?.. Here is the trick.. Take, for example, a year like this year in which the government runs a $400 billion dollar deficit.. The Treasury Department has to sell $400 billion in US Treasury bills, bonds and notes (government IOUs) to buyers at a rate of interest sufficient to attract their money (and beat the interest competition of other banks’ CDs and other governments’ bills, bonds and notes).. To avoid a credit squeeze, the Federal Reserve System Open Market Committee in Washington directs the NY Federal Reserve Bank to purchase roughly 10% of that total (or $40 billion in our example) in existing US bills, bonds, and notes from the current holders.. To pay for them it creates the $40 billion out of nothing, merely with keystrokes on a computer.. Through more keystrokes, this new $40 billion is deposited into the banks of the various bill, bond, and note sellers, thereby increasing the reserves of those banks by $40 billion.. Pursuant to the Federal Reserve Act of 1913 those banks must keep only 10% of those new deposits on reserve.. (Because these banks do not have to keep 100% on reserve, this banking system is called a “fractional reserve” system.. ).. So of the $40 billion deposited, the banks must keep 10% on reserve ($4 billion) and may loan out $36 billion (90%), for business loans, mortgages, credit card loans, to purchase government bonds for whatever borrowers want.. Those loans (and payments) are in turn deposited in banks (very few folks put their money in mattresses).. So of the $36 billion loaned out and then re-deposited, the banks receiving the new deposits can then loan out 90% or $32.. 4 billion, retaining 10% or $3.. 6 billion as reserves.. Banks repeat this redeposit-reloan process, reduced 10% each time, until the 10% reserves retained have reduced the funds available for loan to zero.. This cunning process allows the banks to create out of nothing nine times the original $40 billion in new deposits received from the Federal Reserve (the “Fed”), or $360 billion dollars.. This total is concealed from the public by the only partial expansion of the loan total at each repetitive step.. We can easily see that even by the second re-loan step mentioned above, the banks have loaned out $68.. 4 billion based on the original $40 billion deposited.. The end result of the process is that the banks receiving the deposits and re-deposits collectively have loaned out $360 billion dollars, which they created out of nothing, and have retained $40 billion in reserve.. The Fed created the first $40 billion, the banks $360 billion, equaling $400 billion dollars.. Thus the credit markets are stabilized even though the US government has borrowed $400 billion.. But notice, the Fed only created the initial 10% ($40 billion).. Privately owned banks created 90% ($360 billion) out of nothing, and loaned it out at interest.. At even 6% that is $21.. 6 billion dollars per year in interest.. Some of this profit goes to the private stockholders of the banks.. However, the banks conceal much of this vast profit from the public as undistributed or retained earnings.. Five banks hold over 50% of all deposits in the United States.. This means that in a year with a $400 billion deficit (such as FY 2007-2008), those five banks will receive over 50% of approximately 6% interest on the newly created $360 billion: over $10 billion per year, from now on, for creating money out of nothing.. This is profoundly unjust, and dangerous to any government, especially in a country that prides itself on being a democracy.. Note that the Fed, not the United States Treasury, created the initial $40 billion in our example.. The 12 Federal Reserve banks are private corporations the stock of which is owned by private banks in their districts, not by the United States Government.. The United States Treasury pays the Fed interest on the US bills, bonds, and notes the Fed buys with the money it creates out of nothing.. The Fed routinely holds about 10% of the United States National Debt (US Treasury bills bonds, notes), which it has accumulated to provide the base for the rest, as explained above.. 6% interest on the nearly trillion dollars in bonds it now owns provides the Fed with roughly $50 billion in revenue.. With this money the Fed (1) pays some money to its private banks stockholders, (2) uses some to create giant unaudited slush funds to manipulate currency and stock markets (ostensibly to help avoid economic crises such as the one we are currently in), and (3) then takes out whatever it wishes without any Congressional oversight or external audit for expenses, salaries, perks, jets, lavish parties, etc.. The rest it returns to the US Treasury.. In this manner the Federal Reserve operates independently of our elected Congress and external oversight.. A well-meaning, but later-disillusioned President Woodrow Wilson signed into law The Federal Reserve Act of 1913 that authorized this profoundly unjust system.. This law transferred money creation from our elected government to private banks.. The vast economic wealth that contorted and deliberately complex law of 1913 concentrated in the hands of the privately-owned national banks is almost incalculable.. It is concentrating the wealth of the nation in fewer and fewer hands as they create over 90% of our new money, year after year, and receive the interest tribute on it from the American people to whom they have loaned it.. Deficits fuel the fire of economic injustice by requiring borrowing which requires new money creation, by the private banks.. Wars fuel deficits.. Conflicts and fear fuel wars.. The mass media fuels conflicts and fear.. The bankers own and/or control the mass media.. Full circle.. Apart from the horrific greed of the banks and mortgage companies making the deceptive sub prime loans, the creation of new money to pay for wars and other deficit-spending results in inflation.. Too much money at a time with the same amount of goods for sale drives up prices.. To combat this the Fed raises interest rates.. Higher interest rates hurt the housing market.. Repeated and large deficits require repeated interest rate interest hikes to avoid severe inflation.. Since Americans were on the edge economically already, the housing market was killed.. Now that the housing market is dead, can the Fed resurrect it? Perhaps.. Certainly lower interest rates and tax breaks (to a much lesser degree) will help.. But so many Americans are already bankrupt, or unemployed, or broke, that they simply cannot qualify for or afford any loan, house, or even, increasingly, a rental.. They are now homeless, or living in homes owned by the banks, so that most Americans are now debt slaves on the continent their great, great, great, grandfathers conquered.. The bankers own it all, or very nearly so.. Once the recession has been halted if it can be the Fed will have to raise interest rates, rather quickly, to avoid severe inflation caused by all the deficits.. Again, full circle.. Besides the concentration of wealth into fewer and fewer hands it causes, fractional reserve banking is the primary cause of the inherent instability in our economic system and of its boom-bust “cycles.. ”.. Until the American people cease being foolish consumers and realize how the banking system in the United States really works – and fight to reform it they will remain slaves to the bankers, who will become increasingly harsh taskmasters and injustice and wars will multiply.. Soon, very soon, America will consist like the 3rd world countries of only the very few very rich and the very many very poor.. Understand now why the banks are the largest buildings in every town in the US?, why the bankers fought tooth and nail to get the Federal Reserve Act of 1913 passed, giving them the power to create the great majority of the US money supply (excepting the tiny fraction in coin issued by the U.. mint)?, why banks like wars and deficit spending, and why we unfailing have deficits every single year, regardless of which bank puppets they get elected using the mass media they own and control?.. Each generation is faced with the same choice.. Our forefathers made their choice to be free.. Have we made ours to be slaves? (copyright 2008).. Who owns the Federal Reserve Banks?.. Answer: The Federal Reserve Banks of each region are owned by (issue their stock exclusively to) the member banks of that same region.. The member banks are privately owned corporations.. Thus the Federal Reserve Banks are.. privately owned.. This is a matter of law and anyone may read the Federal Reserve Act of 1913 for themselves (see below).. Why then do some people deny that the Federal Reserve Banks are owned by private corporations?.. Answer: Three groups of people deny this fact, for differing reasons:.. The first group consists of the private owners of the Federal Reserve Banks, and their shills.. It is obviously not in their interest that the American people realize that private bankers own what most people regard as a part of the public treasury and government.. The people would doubtless not like it if they knew that the stockholders of the Federal Reserve Banks receive 6% interest (raised higher in the past) per year on their stock ownership, risk free.. The people would be legitimately concerned to know that the member bank stockholders elect six of the nine members (.. 2/3rds) of the Boards of the reserve banks of their regions.. Rather than regulating or controlling the activities of private banks in their regions, the opposite is the case.. The second group consists of those persons who, in their ignorance, have believed the propaganda of the Federal Reserve Banks, which sometimes issue ambiguous, doublespeak statements attempting to obfuscate their private bank ownership.. Here is a typical example from the NY Fed website, quite easily seen through:.. Although they are set up like private corporations and member banks hold their stock, the Federal Reserve Banks owe their existence to an act of Congress and have a mandate to serve the public.. Therefore, they are not.. really.. private companies, but rather are owned by the citizens of the United States.. Member banks do, however, receive a fixed 6 percent dividend annually on their stock and elect six of the nine members of the Reserve Bank s of their region.. the Reserve Banks issue shares of stock to member banks.. The third group consists of those people who consider that because the Chairman of the Federal Reserve Board of Governors is appointed by the President and approved by the Senate that the Fed is firmly under government control and that this is sufficiently equivalent to ownership to put them at ease (never mind the outright private bank control of the 12 regional Federal Reserve Banks).. Let’s hear how the Fed itself regards such indirect government control (again from the NY Fed website):.. The Federal Reserve System is not owned by anyone and is not a private, profit-making institution.. Instead, it is.. an independent entity.. within the government, having both public purposes and.. privat.. e.. aspects.. If you are a little uncomfortable with your Fed having private aspects, you are not alone.. Notice also the contradiction with the other NY Fed quote above, which claims the citizens of the US own the Fed here it claims no one owns it (same website).. The truth and the law is that the member banks own and control all 12 Federal Reserve Banks.. Another interesting doublespeak quote from the NY Fed website:.. Therefore, the Federal Reserve can be more accurately described as.. independent within the government.. A little independence is a good thing, unless that independence is in reality virtually total and the entity involved controls the nation’s money and economy.. Think about it: if the Fed is independent from the government that created it, then who controls it it has no brain  ...   subscription not previously called.. In any such case the shares surrendered shall be canceled and the member bank shall receive in payment therefore, under regulations to be prescribed by the Board of Governors of the Federal Reserve System, a sum equal to its cash-paid subscriptions on the shares surrendered and one-half of 1 per centum a month from the period of the last dividend, not to exceed the book value thereof, less any liability of such member bank to the Federal Reserve bank.. SECTION 10: Board of Governors of the Federal Reserve System.. Appointment and Qualification of Members.. The Board of Governors of the Federal Reserve System (hereinafter referred to as the “Board”) shall be composed of seven members, to be appointed by the President, by and with the advice and consent of the Senate, after the date of enactment of the Banking Act of 1935, for terms of fourteen years except as hereinafter provided, but each appointive member of the Federal Reserve Board in office on such date shall continue to serve as a member of the Board until February 1, 1936, and the Secretary of the Treasury and the Comptroller of the Currency shall continue to serve as members of the Board until February 1, 1936.. In selecting the members of the Board, not more than one of whom shall be selected from any one Federal Reserve district, the President shall have due regard to a fair representation of the financial, agricultural, industrial, and commercial interests, and geographical divisions of the country.. The members of the Board shall devote their entire time to the business of the Board and shall each receive an annual salary of $15,000, payable monthly, together with actual necessary traveling expenses.. Prior to the enactment of the Banking Act of 1935, approved Aug.. 23, 1935, the Board of Governors of the Federal Reserve System was known as the Federal Reserve Board.. See note to the third paragraph of section 1.. The portion of this paragraph dealing with salaries of Board members has in effect been amended numerous times, most recently by Executive Order.. Prior to the act of December 27, 2000, section 1002 of which revised the executive schedule, the salary of the chairman of the Board was set at executive schedule level 2 and the salary of other members at level 3.. The salary of the chairman of the Board is now set at executive schedule level I, and the salary of other members at level II (see 2 USC 358 and 5 USC 5313 and 5314).. SECTION 19: Bank Reserves.. [(2)(A)(i ii) below, authorizes fractional reserve banking].. Reserve Requirements.. (2).. Reserve requirements.. (A) Each depository institution shall maintain reserves against its transaction accounts as the Board may prescribe by regulation solely for the purpose of implementing monetary policy;.. (i) in the ratio of 3 per centum for that portion of its total transaction accounts of $25,000,000 or less, subject to subparagraph (C); and.. (ii) in the ratio of 12 per centum, or in such other ratio as the Board may prescribe not greater than 14 per centum and not less than 8 per centum, for that portion of its total transaction accounts in excess of $25,000,000, subject to subparagraph (C).. [MM Note: this section authorizes banks to make loans while retaining only 8-14% reserves (it is presently set by the Fed Board at 10% for most types of loans).. This is the legal authority for fractional reserve banking.. The result is that private banks (not the government) create over 90% of the US money supply.. A proper reform, as detailed in the Money Masters video, would raise this to 100%, providing the necessary liquidity to do so by retiring the national debt with US Notes.. ].. (B) Each depository institution shall maintain reserves against its non personal time deposits in the ratio of 3 per centum, or in such other ratio not greater than 9 per centum and not less than zero per centum as the Board may prescribe by regulation solely for the purpose of implementing monetary policy.. (D) Any reserve requirement imposed under this subsection shall be uniformly applied to all transaction accounts at all depository institutions.. Reserve requirements imposed under this subsection shall be uniformly applied to non personal time deposits at all depository institutions, except that such requirements may vary by the maturity of such deposits.. (6).. Exemption for certain deposits.. The requirements imposed under paragraph (2) shall not apply to deposits payable only outside the States of the United States and the District of Columbia, except that nothing in this subsection limits the authority of the Board to impose conditions and requirements on member banks under section 25 of this Act or the authority of the Board under section 7 of the International Banking Act of 1978 (12 U.. 3105).. How does the Fed “create” money out of nothing?.. Answer: It is a four-step process.. But first a word on bonds.. Bonds are simply promises to pay — or government IOUs.. People buy bonds to get a secure rate of interest.. At the end of the term of the bond, the government repays the principal, plus interest (if not paid periodically), and the bond is destroyed.. There are trillions of dollars worth of these bonds at present.. Now here is the Fed moneymaking process:.. Step 1.. The Fed Open Market Committee approves the purchase of U.. Bonds on the open market.. Step 2.. The bonds are purchased by the New York Fed Bank from whomever is offering them for sale on the open market.. Step 3.. The Fed pays for the bonds with electronic credits to the seller’s bank, which in turn credits the seller’s bank account.. These credits are based on nothing tangible.. The Fed just creates them.. Step 4.. The banks use these deposits as reserves.. Most banks may loan out ten times (10x) the amount of their reserves to new borrowers, all at interest.. In this way, a Fed purchase of, say a million dollars worth of bonds, gets turned into over 10 million dollars in bank deposits.. The Fed, in effect, creates 10% of this totally new money and the banks create the other 90%.. This also explains why the Fed consistently holds about 10% of the total US Treasury bonds.. It had to buy those (with accounts or Fed notes the Fed simply created) from the public in order to provide the base for the rest of the money the private banks then get to create, most of which eventually winds up being used to purchase Treasury bonds, thus supplying Congress with the borrowed money to pay for its expenditures.. Due to a number of important exceptions to the 10% reserve ratio, some loans require less than 10% reserves, and many no (0%) reserves, making it possible for banks to create many times more than ten times the money they have in “reserve”.. Due to these exceptions from the 10% reserve requirement, the Fed creates only a little under 2% of the total US money supply, while private banks create the other 98%.. To reduce the amount of money in the economy, the process is just reversed — the Fed sells bonds to the public, and money flows out of the purchaser’s local bank.. Loans must be reduced by ten times the amount of the sale.. So a Fed sale of a million dollars in bonds, results in 10 million dollars less money in the economy.. Question:.. If private banks create over 90% of the US money supply, then are they not a greater threat to our democracy than the Fed itself?.. Answer: Of course.. The Fed was simply a smoke-screen designed to hide the stark reality that behind the Federal Reserve Act of 1913, signed by an unwitting President Wilson (who later deeply regretted that act) was a monumental power grab by the largest bankers who designed the Act at their secret meeting at Jekyll Island, Georgia (detailed in the video/DVD).. The Federal Reserve Act allowed the Fed to establish a reserve requirement of between only 8% and 14% (presently set at 10% for most types of loans).. That made it lawful for banks to loan far more than they had in deposits – to practice fractional reserve banking.. The Fed centralized, nationalized and standardized this fraud on the people, and restricted its practice to banks only.. In fact, the roughly 2% of the US money supply the Fed creates actually is owned by the government (as it should be), but this tiny fraction obscures the fact that it is the base for the creation of the other 98% created by private banks as loans.. Thus, simply having a Federal Reserve or similar national Central Bank, in itself, is not a bad thing (it can be a good thing) – but allowing private banks to practice fractional reserve banking (pursuant to the Federal Reserve Act of 1913 or any other such law) is the real problem, which is impoverishing all Americans and now all peoples worldwide, except the bankers.. For clarity, it should be renamed the Fractional Reserve Banking Act.. The exponential concentration of wealth, in the US and abroad, is due almost exclusively to fractional reserve banking by privately owned banks such as Bank of America, Wells Fargo, Citigroup, J.. Morgan Chase, etc.. The Fed is simply part of the mechanism screening this grave injustice from public knowledge and scrutiny.. How do private banks create money?.. Answer: Focusing on the majority of the US money supply, the method is as follows:.. The Federal Reserve Notes and equivalent Federal Reserve Deposits (mentioned above) are deposited in local banks or to their credit at one of the 12 Fed banks.. These funds serve as the base of bank loans, which require a 10% reserve.. For example, if $1,000,000 of Federal Reserve notes or Fed deposits are entered on the books with the Fed to the credit of a bank (usually the bank of the person or company which just sold the Fed a Treasury bond/bill or note), that bank may loan all of that money out (at interest), except for 10% which is kept as its reserve.. Thus $900,000 in this example may be loaned out by that bank.. In the usual case, the borrower of the $900,000 will not, of course, keep the money under the mattress, rather, it is deposited either in the same bank or in others.. This $900,000 in new deposits may then be loaned out at interest by these banks, except for the 10% reserve.. Thus $810,000 is loaned out a second time ($90,000 of the $900,000 being retained as reserves).. The newly loaned $810,000 is then deposited in these or other banks, allowing them to lend out $729,000 a third time (retaining 10% = $81,000 as reserves), and so on.. This process gets repeated over and over, each time the lending bank(s) retains 10%.. It takes a series of 66 loans to reduce the funds available for relending to less than $1,000 by retention of 10% each time as bank reserves.. In actual practice, due to numerous exceptions to the 10% reserve requirement, banks may lend the money even more times, resulting in even more money being created by them.. Thus, in our example, an original purchase by the Fed of $1,000,000 in Treasury bonds on the open market, by a series of deposits and loans in one or more banks, results in an expansion of the US money supply (via bank accounts simply created as loans by the lending banks) by a factor of 10x.. After the process is completed, the total money in the US economy has been expanded by ten million dollars ($10,000,000), in this example.. The Fed got to create 10% of this total, and private banks the other 90%, to lend at interest.. In each individual bond purchase by the Fed, not just one bank profits from this scheme, rather the banking system as a whole does.. However, in practice, the 4 largest international banks get roughly 80% of the profit, leaving the crumbs (still million$) to the smaller banks in your community.. What did the banks do to obtain this right to lend, relend, and relend again and again the same money (less 10% reserved each time)? Nothing, except lobby and mislead the public, the majority of Congress and President Wilson to think they were supporting legislation to reform banking to a more just form under the Federal Reserve Act of 1913.. They continue to hide, obfuscate and mislead the public, to the same purpose, using media they purchased for this purpose, and corrupting the political system in the process.. This critically important piece of legislation – the Federal Reserve Act of 1913 had to be disguised to accomplish the bankers scheme, and so it was.. That story is contained in the video/DVD, The Money Masters.. For more detailed information (prepared and freely distributed by the Federal Reserve Bank of Chicago but now out of print) we recommend readers read.. Modern Money Mechanics..

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  • Title: Contact
    Descriptive info: Welcome!.. We d like to hear from you.. Phone orders: 719-930-7549.. Email us at:.. info@themoneymasters.. To place an order via mail:.. PO Box 47.. Manitou Springs, CO 80829..

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  • Title: Order Form for Mail or Fax
    Descriptive info: Please print out this order form to mail or fax us your order.. Thank you!.. Money Masters Catalog..

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  • Title: Famous Quotations on Banking
    Descriptive info: PRESIDENTS.. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.. Thomas Jefferson.. in the debate over the.. Re-charter of the Bank Bill.. (1809).. I believe that banking institutions are more dangerous to our liberties than standing armies.. The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating.. -.. History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.. James Madison.. If congress has the right under the Constitution to issue paper money, it was given them to use themselves, not to be delegated to individuals or corporations.. Andrew Jackson.. The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers.. By the adoption of these principles, the taxpayers will be saved immense sums of interest.. Money will cease to be master and become the servant of humanity.. Abraham Lincoln.. Issue of currency should be lodged with the government and be protected from domination by Wall Street.. We are opposed to provisions [which] would place our currency and credit system in private hands.. Theodore Roosevelt.. Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act.. A few years later he wrote:.. I am a most unhappy man.. I have unwittingly ruined my country.. A great industrial nation is controlled by its system of credit.. Our system of credit is concentrated.. The growth of the nation, therefore, and all our activities are in the hands of a few men.. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.. -Woodrow Wilson.. Years later, reflecting on the major banks control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had killed the 2nd Bank of the US (an earlier type of the Federal Reserve System).. After Jackson s administration the bankers influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913.. Roosevelt knew this history.. The real truth of the matter is,as you and I know, that a financial.. element in the large centers has owned the government ever since.. the days of Andrew Jackson -.. Franklin D.. Roosevelt.. (in a letter to Colonel House, dated November 21, 1933).. POLITICIANS.. When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes Money has no motherland; financiers are  ...   William Paterson, founder of the Bank of England in 1694, then a privately owned bank.. Let me issue and control a nation s money and I care not who writes the laws.. Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.. The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.. The Rothschild brothers of London writing to associates in New York, 1863.. I am afraid the ordinary citizen will not like to be told that the banks can and do create money.. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people.. Reginald McKenna, as Chairman of the Midland Bank, addressing stockholders in 1924.. The banks do create money.. They have been doing it for a long time, but they didn t realise it, and they did not admit it.. Very few did.. You will find it in all sorts of documents, financial textbooks, etc.. But in the intervening years, and we must be perfectly frank about these things, there has been a development of thought, until today I doubt very much whether you would get many prominent bankers to attempt to deny that banks create it.. H W White, Chairman of the Associated Banks of New Zealand, to the New Zealand Monetary Commission, 1955.. OTHERS.. Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal that there is no human relation between master and slave.. Leo Tolstoy, Russian writer.. It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning.. Henry Ford, founder of the Ford Motor Company.. The modern banking system manufactures money out of nothing.. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented.. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.. Major L L B Angus.. The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.. The process by which banks create money is so simple the mind is repelled.. With something so important, a deeper mystery seems only decent.. John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in Money: Whence it came, where it went (1975).. As Nicolas Trist – secretary to President Andrew Jackson – said about the incredibly powerful privately owned Second Bank of the United States, “Independently of its misdeeds, the mere.. power.. , — the bare existence of such a power, — is a thing irreconcilable with the nature and spirit of our institutions.. ” (Schlesinger,.. The Age of Jackson.. , p.. 102)..

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  • Title: Synopsis/Chapter Headings
    Descriptive info: THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure.. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth.. Segments: The Problem; The Money Changers; Roman Empire; The Goldsmiths of Medieval England; Tally Sticks; The Bank of England; The Rise of the Rothschilds; The American Revolution; The Bank of North America; The Constitutional Convention; First Bank of the U..

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  • Title: Reviews and Comments
    Descriptive info: REVIEWS AND COMMENTS on.. What you have shown in the scenario is what we are constantly doing at the personal level as well as the public level.. It is the policy of exploitation that the rich employ against the poor.. This is why grandfather [.. Mahatma Gandh.. i] said Materialism and morality have an inverse relationship when one increases the other decreases.. If I may, I would like to keep the videos as resource material to teach students about economic violence in the world.. With good wishes.. Yours sincerely, Arun Gandhi, M.. K.. Gandhi Institute for Nonviolence.. As you know, I am entirely sympathetic with the objectives of your Monetary Reform Act You deserve a great deal of credit for carrying through so thoroughly on your own conception…I am impressed by your persistence and attention to detail in your successive revisions Best wishes.. Milton Friedman, Nobel Laureate in Economics; Senior Fellow, Hoover Institution on War, Revolution and Peace.. Compelling! Excellently produced and impressively documented.. If you want to learn what our Founding Fathers and Presidents have to say about money and its control, you will want to see [.. ]… - Dr.. D.. James Kennedy, Coral Ridge Ministries, FL.. I endorse the video because people should know what is happening.. Malachi Martin, late Professor at the Pontifical Biblical Institute and a close associate of Pope John XXIII; author of:.. The Windswept Hous.. e;.. Vatican.. ;.. The Keys of the Blood.. , and numerous other books.. I m a big fan of.. It s undoubtedly the best work on the Federal Reserve.. It convinced me that the only solution to our economic troubles is the.. Before that, I had no idea how to get out of  ...   system and multi-trillion dollar debt.. - Dr.. W.. Cleon Skousen, author of.. The Naked Capitalist.. and.. The Naked Communist.. This 3 ½ hour video is professionally produced in the style of A E Biography and covers the history of monetary reform from Roman times to the present.. It is packed with great quotations which make for a powerful argument for the need to reform the money system.. A MUST for serious activists.. - Ian Woods, publisher of.. Monetary Reform Magazine.. At last somebody has put together a video on the Fed that the average person can understand.. - Betty Faulk, Huntington House Publishers.. The Money Masters is by far the best and most complete production on the subject of money that we have seen.. We are pleased to endorse it Special thanks for your efforts on the most important subject that we face.. - Robert Carroll, Humane World Community, Inc.. Outstanding! The best video yet on the history of the Federal Reserve and the mysterious disappearance of America s gold reserves.. Fast-paced and riveting.. - Larry Bates, former bank CEO, former Chair of the Tennessee House Banking Committee, author of The New Economic Disorder, Chief Economist FAMC.. As you know, this material is vital for an understanding of our sovereignty s transition into the U.. N.. You are to be commended for the video.. - George S.. Gabric, GSG Publishers.. We highly recommend that every American watch The Money Masters.. - Zeldon Nelson, CEO National Center for Constitutional Studies.. The Money Masters is a great video.. Bryon Dale, The Coalition to Reform Money.. Absorbing and very enlightening! There was not a boring minute in the whole thing.. - Marilyn Brannan, Associate Editor,.. Monetary and Economic Review..

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  • Title: Viewers’ Comments
    Descriptive info: Average Customer Review.. Customer Reviews.. ________________________________________.. I LOVE your video! I ve cited it numerous times in my book.. I also discussed your monetary reform proposal, which I agree with.. Best wishes, Ellen Brown.. The real question is why isn t this subject on every coffee cup on a breakfast table all over this country? Why wouldn t Americans wake up to this rape and carnage of our money system? It took me six months to know what it is and several more months reading on the internet and other books and tapes.. But certainly others are much smarter them I, so why are not they writing their senators and congressmen over this fraud? Livndream.. Wow! The movie is an eye and mind opener! Everybody with an interest in economics/finance ought to watch it.. Thank you very much! rwruger.. Hi, I just watched you re documentary, the Money Masters.. Let me tell you I am shocked and appalled!!! I loved the documentary.. It s so interesting, I m going to watch it five more times! I always had a gut feeling that something was drastically wrong in the United States, and the world.. Everyone should see this video! Well Done! -Travis.. I just finished watching both parts of the Money Masters.. Thank you, thank you for the excellent detail and history explained in the videos.. With the Money Masters and Money As Debt, I believe that you have created the two best videos EVER produced on the subject of money and central banking.. And I ve been study the subject off and on for the past 20 years.. However, only after watching your videos, do I feel that I truly understand both the debt money system and how to end it.. You have done a great service for mankind.. I have also just placed an order for the combo pack as my way of thanking you financially for your excellent work.. Aloha from Hawaii, Mike Higgins.. I really loved your 3.. 5hour documentary.. It s the most thorough presentation on the truth behind our horrible debt system I ve ever seen, and it s full of facts instead of being a huge opinion piece.. I ve been encouraging many people to watch it.. Often they get mad at first and are like yeah right, this is all opinion but then they realize it s all true, and they re hooked! Thanks, Jeff DeRonde.. Just watched my copy of the Money Masters for the SIXTH TIME! Every time I view it I’m flabbergasted.. Now with the recent proposed revamp of the financial sector for oversite stated today by Secretary Paulson, the DVD rings truer then ever in my mind to the power of the Fed Reserve.. Scary to say the least!! If I was rich I’d give the DVD to every US Citizen.. Sincerely, Linda.. I am a registered stockbroker and have been a securities analyst for many years as well.. I have viewed your Money Masters DVD several times and am urging my friends and family members to view it in light of current developments in our economy.. Your Money Masters documentary provides an invaluable historical perspective for all Americans who want to better understand our financial system and the unfolding events of today.. Its relevance and importance is increasing with every passing day.. Thank you for all the time and effort that has gone into telling this story.. It should be required reading/viewing for every citizen.. Andy Schopick VP, Nutmeg Securities, Ltd, 1960 Bronson Rd.. Thank you Money Masters team.. I really found this video an eye opener, the fed res story is big on the web, yet I m so glad to have taken this journey with you that fills in the history.. Fantastic.. thank you again.. all the best, ian freeston UK.. First of all, I would like to tell you that your documentary The Money Masters and Money As Debt are 2 of the 3 most important documentary s of our time.. Edward Movius.. I m compelled to drop you an e-mail to both thank and congratulate you on creating what I consider to be the single-most important and informative pieces of media I have ever seen.. Both highly informative to the economics layman (myself) and it appears to people within the financial industry, it answered so many questions that have previously been shrouded in too much academic jargon.. I would suggest that this could become a blockbuster mass-awareness film á la An Inconvenient Truth, should it be touched up similarly and released with the same good timing.. I would think the best possible timing would be quite soon, given the well-publicized recent decline in the American economy! I wish you all the best with the Monetary Reform Act and hope to look into understanding my own economy with a new perspective.. John, Ireland.. I was very impressed by the content and the presentation of your two DVD’s “The Money Masters” and I would wish that there is a translation into German for a broader distribution in this country.. I addition to the many very impressive quotes on the DVD please check what Cardinal Faley of New York said on the Eucharistic Congress in 1914, shortly before the begin of the first world war.. Roughly he said that this world war will be a war between international capital and the dynasties.. The capital doesn’t want anybody higher than itself, knows no god and wants to control all states like big banks.. Profit shall be the only guideline for the governments.. Best regards, Dr.. F.. Edler.. I thought I would send this to you.. I recently purchased your DVD The Money Masters and learned so much from it.. I hope you can organize a political movement to promote debt free US Treasury Notes and your Monetary Reform Act.. I certainly support your efforts and it gives me hope that we can find a way out of this mess of debt and ignorance.. Emery Woodall.. I have an MBA, for whatever that s worth.. I learned more useful honest information about money and the system in which it operates watching your movie, than in two years of graduate study.. Thank You, Neil.. Do you have any idea how many congressmen have watched your documentary? I have watched it three times and learn something new from it each time.. It should be required viewing for all of them.. The entire world owes a great deal to your group that produced this documentary (everyone except the bankers).. I fear for Ron Paul and others that expose this immoral and corrupt monetary policy.. Thank you, F.. Linch.. Dear Money Masters Crew, Thanks to the most awesome living Americans for making such a kick-ass movie.. First, fantastic work.. Very thorough, and most importantly verifiable/documented.. Thanks, A.. M.. Thanks again for your great film and efforts to publicize the truth.. Though I am by no means under any illusion that the majority of folks out there are interested in the truth, we all pay the price for the lies interested or not.. If this small contribution helps in any way, all the better.. Best regards, RP, Shanghai, China.. First, I must start by saying: *I found your documentary The Money Masters very well organized, researched and most of all informative.. Thank u for The Money Masters, really, I will show it to everyone I can, EVERY1.. I just watched The Money Masters for the first time and I wanted to write and say thank you.. It doesn t seemed to have done much in the way of reform in the past 12 years.. in spite of the fact that it was extremely well researched and put together.. It was also quite prophetic with respect to what the money changers did on 9/11.. They succeeded in instilling so much fear that further controls in the way of the Patriot Act were able to be passed.. This is truly an almost unbelievably insidious group of people, and it surely makes me wonder about the future of humanity.. Thank you again for your insightful and well done video.. Best of luck to you.. and many blessings.. John Michael Christian.. I am an American who has been living in France since 1981.. I have just discovered your film and the Monetary Reform Act.. Thanks for the education, which America neglected to give me, probably deliberately.. I am curious to know how the movement to get the Act into Law is going.. Has any progress been made?.. I note that the screws are being tightened here in France and in America.. The latest report I have seen indicates that my brothers who are carpenters and handymen, have seen their buying power diminished to the same level as that of my grandfather in 1949, the year I was born.. Things are going from bad to worse here in France and big strikes seem imminent, following massive price rises with the institution of the Euro, which caused all our prices in general to double and triple, in spite of lying government statistics to the contrary.. I, for one, certainly hope to see this Monetary Reform Act become law before I reach the end of my life, so please get a move on, and if there is someone I can write to increase the pressure for this reform, let me know.. I am advising all my friends of the films existence and address on the internet, and for far flung friends in Thailand and other places, I may eventually buy and send them DVD s.. And, a last question, did this documentary ever get aired on national television in America? I would imagine all possible efforts would have been made to prevent its distribution.. Again, thanks very much for your film and all the effort you put into it.. All the best.. Victor Compton, near Cherbourg in France.. I would certainly like to join the members currently envolved in the fight.. Previously, I have sent your proposal to members of the Illinois State House of Representatives and Congress and our Senator telephoned me in support of this measure.. I have also forwarded the proposal to our Budget Committee Leadership.. In addition to my state government, I also sent a copy to the UNITED NATIONS.. I am sure this measure will ruffle some feathers there, but if they are serious about ending poverty by 2015 like they plan, I cannot be done without the use of your Monetary Reform Act within the United States.. I believe I MUST give credit where credit is due.. Could you please assist me in continuing to bring the Monetary Reform Act proposal to NATIONAL interest.. It should be a TOP PRIORITY during this pivotal time for our country! Respectfully yours, Thomas E.. Garrett Jr.. , Sergeant, U.. Army.. Thank you for the Money Masters documentary.. I had searched a long time to get a fraction of the information you presented.. Its interesting, informative, and critical to understand the predicament we re in now, and how to get out of it.. Best Regards, Mike Pukmel.. I ve watched The Money Masters video at least ten times.. Without The Money Masters documentary I could never have made the connection between the control of money and the end of the age of oil.. Thanks, Gregg Senne, Durango, CO.. A fantastic history of money! Well done indeed.. Yours, Don Carroll, Massachusetts.. Money Masters should be required viewing for all Americans.. I purchased a video earlier this year and love it.. Daron, Kansas.. Dear Sirs, I have just ordered the DVDs having been very impressed.. It is the first time I have seen publicly, the material that an elderly Englishman educated me in the 1980s.. It is a great relief to see the truth out in the open! Best wishes, Paul Baker.. Just saw the documentary move The Money Masters.. It has educated me as a human being.. Wanted to make contact with your group, for no other reason than to make contact.. Anon.. I watched your movie as an attempt to stay some of my boredom.. A movie that I can barely trust has almost changed my entire focus on my own future.. The mere factual nature and believable presentation of this 3:20 hour epic has challenged me.. Cheers-Ian S.. I wanted to thank you for putting together what is the most amazing historical reference of this kind I have ever had the pleasure of watching! I have suggested it to a number of friends and associates.. Thank you, Matthew Newman.. I loved your film so much that I will have to watch it numerous times in order that atrophied gray matter begins to grind again, thank you! Thank you and keep up the good work.. Regards and Best Wishes.. Don.. Last week a friend of mine told me about your documentary.. I started watching, and I m still watching.. I m hooked.. How brilliantly you dissect it all.. To realize that even our money itself is fundamentally a form of fraud, is astonishing nightmarish, more like it.. I m aghast.. There truly is nowhere safe in this world.. Everything has to be constantly monitored.. Anyhow, thanks for producing it.. I m a recovering so-called objectivist of the Ayn Rand tradition, and it definitely opened my eyes.. Take care, David Jack.. Getting to watch this made me buy it.. It is so good I support the cause.. It is like taking the blue pill, and Neo seeing the real world that was ran by the machines.. OUT STANDING!!!!!!! I can t believe I sat through a documentary of this type and did not once start to fall asleep, very Interesting.. I am not well educated and I have never been politically motivated but I understand the implications.. Very very well done Thank You! Geoffrey Kassin, Petoskey, Michigan.. I loved your film.. Congratulations.. It is the best documentary I ever seen.. Regards, Enrique DA, Spain.. I have never seen the monetary system explained in such a down to earth manner.. Providing the history that goes back literally thousands of years is excellent.. Your video is the best thing I have ever seen to explain what is really going on.. Even the cautions about demanding a gold standard are superb and completely missed by the gold bug crowd.. I have an MBA in finance from a top ten school; the material you cover in your dvd in information I have NEVER encountered in any college course (and I have a B.. A.. an M.. and an MBA).. Most politicians at a federal level are either corrupted or co-opted.. I do not think the federal government will be changing the system any time soon.. I honestly think the only hope is to educate people at a state and local level.. I have never seen a better media source than your Money Masters for explaining all of this to an average citizen.. Again, I commend you for the video.. It is excellent.. I just wanted to let you know that I have given a copy of your Money Masters DVD set to Congressman Jeff Fortenberry.. He is a congressman from Nebraska.. Your video is superb!!!!.. Sincerely, K.. Anthony.. I hope that my purchase of 5 DVDs will enable friends to enjoy, too, the profound insight and understanding I believe I have gained from this film, and that it will provide a platform for all to investigate further this most vital of issues.. You have my sincere and unreserved congratulations on a fascinating and riveting film.. Let s hope we can get this matter the proper attention it so clearly deserves.. Warm Regards, Elizabeth.. Your videos are great, and I am going to try to disseminate them (I donated for sending them to persons in Washington, D.. Today I was reading your explanation Towards Ideal Monetary Reform Legislation, and it made me wonder, do you have this as well as the sample legislation available in booklet form for distribution.. May God bless all of you involved in this project.. I was deeply moved by the conclusion of the three hour presentation, the quote from Lincoln about with malice towards none and charity towards all.. What is needed is a quick transition to a viable solution.. The world could be made so much better, and the miserable lifted to the state of honest and contented poverty with work to do on their own property.. Hello my name is Jimmy and I am a degree student in my final year at Lancaster University, England.. I watched your video and was shocked! They don t teach you this at school! Thanks for a great presentation and a really informative video.. I am now writing my dissertation (around 15, 000 words) on the subject matter of the privatisation of the Federal Reserve and its subsequent effects on US history.. God bless and thanks again for the great video,.. Yours, Jimmy Manning.. I just saw Money Masters.. Great job.. I don t think we will get monetary reform, but we can and should start to organize associations of self help.. We (the masses) will be on our own and I assume our efforts will be opposed, but we must work for some sort of social reconstruction.. Remember, St Benedict came out of the dark ages, and since the monasteries were about the only functioning social institutions, the monks Christianized Europe.. Are we crossing the threshold of hope? Still, who are you and why have I never heard of you? I ve been out here reading Belloc, Chesterton, Virgil Michel, Leo XIII, Pius XI, Ketteler (a nineteenth century German who inspired Leo XIII) and Pesch, and I had never heard of you before.. I will be tellling whoever will listen about you.. But who are you guys, anyway?.. Robert J.. Hanten, LUTCF, FIC, President, Solidarity Financial, Inc.. , Wayzata, MN.. Dear Sirs,Thank God I found you.. My name is Gary.. In the late 70 s I listened to a tape recording about the world bank, the federal reserve system, etc.. I have known about this and have brought it up in conversations but have been mocked and told I was crazy.. Tonight again it happened so this time I searched online and found your website.. I am very interested in getting a copy of your DVD.. See I understand what has happened to the USA and know there is nothing I can do by myself.. I am in China now and in 2002 during my first trip to China I was here when the World Bank was here to get a foot hold on the Chinese mainland.. Now 4 years later the Chinese have opened up their country to the World Bank and soon, well you can imagine the rest.. Anyway I have been motivated to send you this thought, what if we could warn them about who there are now dealing with by presenting them with the truth about the Money Masters.. You may ask why should we care about the Chinese, well lets just ask, how can we foil the attempt to enslave Asia instead.. I just think the truth should be known here so this country doesn t end up run by bankers like the USA.. Anyway is there any way you can ship to me if I buy and pay the shipping, see I would do my best to get it to the right people as a gift, I have connections in the government.. Some people just talk and complain about things but I have been told Action is the necessary force.. So I ask you this, what action can you take to help me fight the world bank? What can you do to help a friend of the falling USA, China?.. Gary, China.. This movie is FANTASTIC because it goes from the beginning to present day and is so detailed.. I never knew our fore fathers were this Great and it makes me happy to know they fought for our country and makes me sad to know we were hijacked.. I wish I were rich, I would pay for all the movies to the Federal Government and more.. Rocco Navarro.. i watched this video and had to buy it.. this is even better than freedom to facism in terms of enlightenment and education and a plan of action to resolve the slavish situation, that we all belong too, that i have ever seen.. Thank you so very much for making this video.. best $ i have ever spent!!.. It is great.. I have become a truth in history buff.. I wonder why things are the way they are.. This video answered many questions and filled in many gaps in history, the way I understood it.. It makes much more sense than what I semi-learned in school (including college)..  ...   of the problems that exist in this world today.. B.. Miller.. A few years ago I watched a movie with my kids, The Matrix , and found it fascinating.. Never really gave the whole thing much thought.. As of late I have gotten interested in worldly things, such as h5n1, the gulf war(s), peak oil and such.. I am now 55 so it might be construed as an age awakening on my part.. Saw your video.. It is ALL starting to fit.. I must say I will not be looking at this world again in the same light.. It truly IS A Matrix and we are all slaves to the system.. If only we could get this information out to the young, as in say some kind of school showing.. At my age I can see it for what it is.. But the young kids in school, they will bear the brunt of it and not even know what hit them.. I am not as naive as I used to be a few weeks ago, and stand a better chance to secure what is mine, without being totally ripped of by them.. A new world order is being brandished about today so much, and it sends chills down my back.. Thank you for producing this video, I will learn from my copy I just purchased from you and spread the word.. Gordon Gilhooly, Canada.. Most people address you as “Dear Money Masters” which could be taken as an insult, but you guys probably know what is really meant.. I would like to thank you for “unplugging” me from the totalitarian fascist police state we are about to enter.. No one liked money more than I did, now I detest the concept of money as it is.. It is very sobering to ask English History teachers about the “tally stick” only to get wide open eyes and mouths from them.. People who studied English history, and teach it, seem to have missed the tally-sticks.. That is evidence enough of the complete and utter control of the Money Masters.. Money Masters – How an international documentary caused a revolution.. I recently watched your dvd and I was fascinated by the great documentary.. Thank you very much.. Andrew Skaife.. This is amazing information.. It makes CNN look like a 3-ring circus.. Zerojack.. Keep fighting the good fight! I know I will do what I can at the very least by spreading the word of the evils of our current system.. Thank you for this great program! JD Morgan.. The Money Masters is simply invaluable.. I have watched it numerous times over the past 4 years and it cuts through the fog.. this production is a national treasure beyond any doubt.. More, Chicago IL.. Fabulous information! I am beginning to use this information to see if I can change the world!.. Cheers from Canada,.. Donn Tarris.. I purchased your video, and love it.. I have to keep going back to watch it over and over.. There is so much great information.. Mark Ciabatta.. Hi.. I watched and immensely enjoyed the money masters dvd.. NewcreationYahoo.. This documentary is great.. I m going to keep doing what I do to spread the message.. For example I have contacted people personally and directly already, but I wanted to share my thoughts with you regardless.. Keep it up.. It s hard to even imagine all the suffering that has been caused by the manipulation and control of our money supply.. We ll get after it.. Peace.. Ted.. I watched the DVDs day they arrived.. I want to congratulate you and all of your dedicated team for this very comprehensive, understandable and professional documentation.. To anyone who wants to listen, I will pass the information.. Thanks again and a Good New Year for you and the team.. Oswald Kipke, Germany.. Thank you for shaking me into seeing the real perspective of our history up to today.. It almost brings despair, however, your clear identification of the solutions shows that the current situation can be changed – within a few years.. Just sending my 2 cents saying how great your video is.. Thank you guys for all of your hard work!! Glen in California.. Hello, The productions and presentations are fantastic!.. Sincerely, Michael B.. Allen.. You guys did a great job on it alright.. I think they say genius is the art of making something complicated simple.. Fascinating subject, that is hardly ever discussed.. I just got back from dinner where I was explaining to a friend what I learned from your Video.. He was fascinated and never heard anything about this before either, and it is so fundamental.. Best of luck, and keep up the great work, Paul Guns – Vancouver.. I will be ordering 100 more of these DVD s on the 26th.. I just wanted you to be prepared! Thanks in advance.. Mark C.. Thank you for this Film!.. I would like to commend you on your careful and deliberate choice to stay solution oriented, and your firm and clear recognition of the fact that the problem of the money changers is one of disproportionate power acting on universal human frailties (implicitly, greed stemming from fear).. As a Jewish man, I am inspired and impressed with you for presenting this issue, (which has historically been misconstrued, and/or misused (divide and conquer) as an excuse to inflame anti-jewish sentiment) as what it fundamentally is a human problem that urgently confronts each and every life-loving human-being, with charity toward all, with malice toward none.. Yours in solidarity,.. Eric S.. Vice President, Investor Relations, Orion Marketing Group, LLC.. I watched the DVD on the money masters.. I found it very interesting.. I enjoyed it.. However, I am asking for permission to share the video with my students.. It would be a very eye opening experience for my young adults in our city.. I hope you write back grantings permission.. Thanks you in advance,.. Gerald Higginbotham.. Your DVD is a great work, I m excited to let people know about it.. Brad.. Hi, I think it is great what you are doing.. Rich Brooks.. Great video.. Extremely informative.. Steve.. I just watched the video and I’m planning to watch it again soon and keep learning.. It is a great wake up call.. Congratulation, Stéphane Joseph, Quebec, Canada.. I watched the Money Masters documentary this evening and I was frankly overwhelmed on several levels by it.. One way was the sheer size and power of the problem presented.. Some of it was the complexity of the problem and my lack of knowledge about how our monetary system really works.. Thank you for searching out these facts about something most people take for granted,.. Mr.. Darby Rude.. Champaign, IL.. Hi! I have been glued to my DVD s ever since I received them a couple of weeks ago.. Thank you for a wonderful product!.. Ruth Dudley.. I just watched your film and was very impressed! As I am from Switzerland I had some little problems in understanding some words but most of the story I could understand.. Yours sincerely, Marcus Wiesner.. Thank you for the excellent information, much of which I have been aware of for over 20 years.. Your production did a great job of packaging the information in such a way as to make it understandable to the average man on the street, and keeps the audience interested at all times.. Thank you for your excellent work.. regards,.. Don C.. , Australi.. I have just finished watching the money masters video and wanted to thank you for your concise and accurate portrayal of the problems of monied politics, policies, and procedures practiced religiously.. David Roblee.. North Pole Ak.. Thank you so much for your outstanding documentary.. Tim Peterson, President, SAS, Inc.. New Berlin, WI.. I ve seen the video several times.. Very interesting.. James P.. Bateman Waterloo, Ontario.. CANADA.. Kindly pass this message to the man who made this program.. I have watched it with great interest.. Thank you for making this, You are a great man, a great American, and a great citizen of the world.. Keep them coming, Paul.. Got to watch The Money Masters.. I reckon its more informative than an MBA or Phd! My late Father was howled down as being a Conspiracy theorist when he said in the early 60 s that Europe would have ONE CURRENCY and be a United States of Europe.. Cheers Stephen.. I want to thank you for your courage to stand and tell people what they may not want to hear.. I see you avoid groupthink at all costs.. As you probably noticed I know very little because I have awakened to all this quite recently.. In fact two years ago I thought football was the most important thing in life.. I have come a long way, but I still know very little.. The reason for this letter is to encourage you that your message is affecting many lives at the post office in Knoxville TN.. The videos I acquired from you this weekend are already to good use.. I approached people who had their lives changed from your video to ask their assistance at finding others to view it.. So why am I so crazy about this video? Because once I learned who controls the money, everything else just falls into place.. I am a true believer in exposing the Federal Reserve.. I plan to educate myself and dedicate my life to waking up as many people as I can.. My brother, who disagrees with almost everything on that website, even he had his world changed after I showed him your video.. He is now dedicated to getting himself out of all debt because of the MM video.. I hope this letter does not seem like hero worship.. No.. I only want to tell you that your video is the most powerful and life-changing information I have ever seen.. By life-changing I mean that I now understand much more clearly what Jesus was trying to say about this world.. Thanx, David Biset.. This video belongs in the collection of every historian, economist and ndependent researcher!.. P.. Ferguson, US.. I personally think that yours is by far the best primer for those who have not been properly introduced to the history of money, its intended function and the abuses of it on a global scale.. Your video should be in every person s library who wants a heads up on why this world has become what it has.. Thank you for your efforts! US.. I ve finished viewing your presentation.. I really thought I had a fairly complete picture of the Federal Reserve Bank, but I did not.. I also thought I understood the ramifications of gold backed currency.. I did not.. You were saying something about gold that seemed contrary to my beliefs.. In the past 18 months, I ve had reason to ponder the manipulation of gold prices.. Your video has helped me to see the mechanics of gold manipulation much better.. The problem I was having in seeing it clearly was realizing the immense amount of wealth that it takes to control the value of a limited commodity, and just exactly where and how that wealth was amassed.. I still have a bit of cognitive dissonance.. It is mind-boggling.. Dear Money Masters:.. I have been airing your video(with your written permission)on my public access TV station for over 5 years now in Portland,Maine.. It never ceases to surprise me how many people have seen it and tell others about it.. Thank you so much for producing it for it helps to explain money in an elucidating way.. Keith Hintz.. I have been absolutely delighted with the content of your DVD presentation.. So enthused in fact that I got 10 people besides myself to order copies from you last fall.. There are new people to be converted and who show interest in getting a pooling of another collective purchase in bulk.. Your excellent presentation is a must have for all people who care about their country.. Thanks, Shaun Knapp.. Let me first say that the video “Money Masters” was a Masterpiece and a confirmation of the spiritual nausea I experienced during my brief American History courses in high school, Let me just say that the Awakening Has Begun.. Mark William Granda.. I believe that it is a proper time to thank you, and other patriots, for their fight for freedom, and justice.. For you are all heroes, in the fight against tyranny.. You give information to those who otherwise would not hear the truth.. I have just reviewed your DVD.. Thank you, the information was very well presented.. Thank you for your work.. –Michael Burnham, Hawaii.. Hello,.. I live in the Columbia River Gorge, in Washington State.. I just had to write you again to thank you for producing The Money Masters video.. It has changed the mind of hundreds if not thousands of people here in the Columbia Gorge area.. So much so, that people here are rapidly accepting and supporting our new local currency called RiverHOURS.. Slowly, I find more people aware of the Fed and the international bankers, however it s much too slow yet.. I noticed that neither George Bush, nor John Kerry mentioned one word about the Fed, the World Bank, IMF, NAFTA, or anything about banking at their convention speeches, or ANY speeches! I guess they are both owned by the bankers.. Anyway, I was watching your tape again this morning (15th time?) and just had to let you know that you are appreciated very much out here.. Your information has lead me to discovering so much other information, some things you would not even believe! I ve been studying constitutional law and things like the creation of the District of Columbia, the fourteenth amendment, free masonry, and so much more.. It all started with your video waking me up!.. If you are ever out west, you are always welcome here.. You would make many new friends!.. Sincerely, Scot Bergeron.. I have seen your film twice and shared it with friends.. It is amazing!.. Thank you for doing that.. Regards, Pamela Arnold.. I am 24 yrs old and from Ireland.. I bought The Money Masters and I have to tell you it changed my life.. Your documentary was the best I have ever seen and I have seen quite a few.. I would like to congratulate you guys on a fantastic job.. Thanks.. Byrne.. Dear Money Masters,.. My name is Ryan Anderson and I am very active in politics with the Green party nd other organized movements here in Canada and around the world.. I have found your documentary absolutely astonishing.. I am going to do my best to Canadianise your wisdom of world economics but any advice by yourselves cannot be appreciated enough.. Sincerely, Ryan Anderson.. I personally was shocked when I watched this revealing exposé.. In light of Mr.. Geldof s Live 8 concert, aiming to draw the attention to the debt situation in Africa, it is my view that he should not go without this information.. Sincerely, Brian Zebeaune.. To whom it concerns,.. I recently purchased The Money Masters on DVD.. I was leveled by your information.. I have been waiting for the right source of knowledge which would explain to me world financial institutions and the complex consequences surroundings them.. I never imagined I would get those answers in a 3 1/2 hour documentary.. I m driven to spread the word.. I live in NYC and I m interested in airing your program on a public access channel with a potential reach of 9,000,000,000.. I doubt they all will be watching public access.. But I could reach 50,000.. I will need written permission.. Thank you, Brian Michels.. You give information to those who otherwise would not hear the truth,.. to be able to discern the lies; poised in their perfection, but, the light of truth shines through you and those brave enough to stand for justice and truth, and stomp out oppression.. I personally pledge to do all that I can, to promote the union of minds and the integrity you all show, so that we the people may remain free.. I pledge to relate the message to anyone who will listen, till WE THE PEOPLE win; and we will ! Again thank you to you all for your sacrifice.. Rick Stanley.. Congratulations on a very fine film.. You ve certainly given me much to think about and much research to follow up on.. Anyway, thanks for great educational experience and keep up the good work.. Sincerely, Jim Priest.. Kudos! Excellent work.. I will be ordering a bunch of extra copies for my friends soon.. T.. Peterson, Canada.. Hello, I just saw your video on The Money Masters and it was great! I hope to get my friends to watch it as well.. It is very relevant.. Keep up the good work! Marvin Frazier.. Hello everyone at The Money Masters team.. I am writing to you on behalf of a small group of committed people, who has watched your documentary with great interest.. First we would like to commend your work in researching the information put forward in your presentation.. Thank you for your efforts to enlighten the people of the world, of these dire forces at play in democratic governments, below the official radar.. This brings us to the reason for contacting you, which is to assist in informing the people of the world, particularly here in Denmark.. I have just finished watching the Money Masters video, and I must say, that I have never in my life seen such a complete and all encompassing documentary that reveals in shocking detail the most dangerous enemy to mankind, and documents the steps they took to accomplish this.. The Bible says that the love of money is the root of all evil.. And We struggle not against flesh and blood, but against principalities and powers, against spiritual wickedness in high places.. Fantastic Work!!! I will recommend this video till the day I die.. I would like to buy more copies and pass them out to History teachers where they will be shown to entire classrooms of High School students.. How can I get permission? Pat F.. , Las Vegas, NV.. I watched your film and I personally think that yours is by far the best primer for those who have not been properly introduced to the history of money, its intended function and the abuses of it on a global scale.. Thank you for your efforts!.. Dear Money Masters crew,.. I have viewed the film and it is excellent.. Eric Rainbowlt, Austin Texas.. I listened to your commentary on the money system.. I know of the control that the federal reserve has over our world economy, but your videos contained a lot of very powerful information, and proof.. Sheldon.. Thank you for your great movie.. Kind regards, Philippe, Switzerland.. Hello I m Constantine from Canada.. I am currently in my forth year at the University of Western Ontario.. I purchased your VHS- The Money Masters years ago.. It had a profound effect on my perception with History.. As a result I embarked on a research paper on the American struggles with the money.. My Thesis is that as a result of the debt base system put in place by The Bank of England the colonist were faced with having to carry the heavy tax put on them by England.. Keep up the good work in exposing how the money changers are controlling society.. Ciao.. Constantine.. I am from Romania and I just have finished watching your documentary.. and I m just freek ed out? I m just curious what is going to hapend to the world and to america in the next hundrer s of years with the richer getting richer and the poorer geting porer.. Popa Sapca.. PS: sory for my bad english.. I don t think I could ever possibly recommend a documentary more highly.. This is THE issue.. It got Caesar killed, it got Lincoln killed, and was THE PRINCIPLE ISSUE of American politics until the last 30 years.. The fact is that international banks have created a debt based system by which no country can EVER get out of debt.. They make money out of nothing and charge us interest on it.. They control the so called business cycle and cause depressions and booms to suit their own personal aims.. this documentary contains no conspiracy theory, only facts, and quotes from presidents, bank owners, and leading economists.. The solution proposed in this video is nothing radical, and has proven itself again and again throughout history.. It was proposed by many of the first presidents.. Check it out TPC..

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  • Title: Milton Friedman: END THE FED
    Descriptive info: Milton Friedman:.. END THE FED.. Withdraw from the Bank for International Settlements, the IMF and the World Bank.. Nobel Laureate Milton Friedman is known now as one of the most influential economists of the 20th century.. As our readers will have noted, Dr.. Friedman praised our.. and perhaps unbeknownst to them assisted in drafting it, with suggestions and constructive criticisms.. Yet a few of our readers have emailed wondering how Dr.. Friedman could support genuine reform in the markets based on reform legislation when he seemed to be fundamentally opposed to government interference in the marketplace.. The distinction is between theory and practice.. Theoretically to minimize government interference in the operation of the free markets is an ideal, which follows Frederich von Hayek’s (author of 1944 classic.. The Road to Serfdom.. ) view that maximizing the ability of business to allocate resources efficiently at the lowest levels without government or political interference combined with the freedom to contract worked best to ensure a productive economy.. Conversely, the failed examples of communist and socialist governments, which prohibited or controlled private business nearly totally, seemed to cement Hayek’s view as the correct approach.. The gradual victory of Hayek’s anti-regulatory, pro-market economic views in the West, largely through the influence of Milton Friedman particularly in the 1980s Reagan-Thatcher period (Friedman was an economic advisor to President Reagan) began a worldwide deregulatory trend that eventually included the financial sector.. The.. Economist.. magazine praised him as.. the most influential economist of the second half of the 20th century…possibly of all of it.. In 1988 he received the Presidential Medal of Freedom and the National Medal of Science.. Initially the results of implementing his pro-market prescriptions were largely positive.. Excessive government regulation, particularly in more socialist economies, had in fact created a stranglehold on businesses especially small to medium-sized – that was doing far more harm than good.. Pushed too far the same views that initially helped business resulted in an extreme anti-regulatory environment that began to benefit only the largest companies as they were increasingly freed to use their economic power to warp the free markets in their favor.. This became particularly true in the financial sector in the 1990’s when they succeeded in getting part of the 1933 Glass-Steagal Act repealed with passage of the 1999 Gramm-Leach-Bliley Act.. A host of federal and state regulatory acts stemming from the experiences of the Great Depression were repealed in the 1990s and beyond.. Branch banking and interstate banking became widespread resulting in numerous bank mergers consolidating most banking into a handful of banks later deemed TBTF (Too Big to Fail) and so were given special, favored treatment by Treasury Secretary Hank Paulson and later Secretary Tim Geithner and Fed Chairman Bernanke with taxpayer-financed bank bailouts and low interest loans.. The foxes were rewarded for gutting the hen house.. Without recounting those partial causes of the 2007-2010 Credit Contraction, suffice it to note that one result was a trend away from the almost.. laissez-faire.. (French trans.. “leave it alone”) anti-regulatory approach of the 1980s on.. Some have turned the blame for the current situation on Milton Friedman.. Is that fair? It depends on who and what is to blame for the current recession/depression (as Present Reagan sagely noted, “.. If your neighbor is unemployed it’s a recession; if you are unemployed it’s a depression.. ”).. Let us listen to Milton Friedman on the single cause of severe economic depressions:.. “.. I know of no severe depression, in any country or any time, that was not accompanied by a sharp decline in the stock of money, and equally of no sharp decline in the stock of money that was not accompanied by a severe depression.. Was Friedman right this time too – was this recession/depression caused by a “.. sharp decline in the stock of money.. ” If so, what was its origin? Let’s start with a look at the top of the international financial system.. The Central bankers’ Bank for International Settlements (BIS) in 1988 in its “Basel I” regulations imposed an 8% capital reserve standard on member central banks.. This almost immediately threw Japan (which had banks with 3-5% capital reserves) into a 15 year economic depression as those banks contracted credit to comply with Basel I.. In 2004 Basel II imposed “.. mark to the market.. ” capital valuation standards that required international banks to revalue their reserves according to changing market valuations (such as falling home or stock prices).. Almost immediately, in December 2007 the US stock market collapsed and credit began drying up as banks withheld loans to comply with the 8% capital requirement as collateral valuations, particularly on homes, began to drop.. The snowball effect of tightening credit, which reduces economic activity and values further, which resulted in further tightening of credit,.. etc.. , has produced a worldwide recession/depression.. Was Friedman to blame for that, or was the BIS and implementation of its Basel II regulations?.. For those unfamiliar with the BIS – it is the central bankers bank.. It is above all governments, is exempt from the laws of its host country – Switzerland, and its regulations, which are adopted among its 53 member Central banks, become  ...   roles for government in a free society.. Friedman himself acknowledged cases where, for instance, government regulation or a public monopoly may be preferred to private monopoly (.. e.. g.. in money creation, which should be exclusively the perogative of government and never delegated to private banks to create using fractional reserve lending practices as is the present case) and noted numerous areas where he believed government intervention is necessary:.. A government which maintained law and order, defined property rights, served as a means whereby we could modify property rights and other rules of the economic game, adjudicated disputes about the interpretation of the rules, enforced contracts, promoted competition, provided a monetary framework, engaged in activities to counter technical monopolies and to overcome neighborhood effects widely regarded as sufficiently important to justify government intervention, and which supplemented private charity and the private family in protecting the irresponsible would clearly have important functions to perform.. The consistent [classical] liberal is not an anarchist.. Rather than an economic anarchist, Friedman was a believer in freedom.. He opposed what he saw in communist and socialist command economies as excessive governmental control and restriction on freedom (even in the educational realm), and similar tendencies in the Western economies.. He was not a.. laissez-faire.. economist, rather he was a monetarist – a school of economic thought that may be traced back to the 16.. century School of Salamanca.. Monetarists do not generally support government intervention in the markets as this is contrary to a properly functioning free market system.. However, if the economic system is already warped by special interests and private monopolistic practices (such as the financial system in the US is and has been since the passage of the.. of 1913 cabalizing the US banking industry and allowing their cabal to create money using fractional reserve banking) then monetarists inevitably want to see balance and justice restored to the free market system, in this case by abolishing the Fed and withdrawing from participation in the BIS/IMF/World Bank combination.. Monetarists are neither supporters of socialism nor monopoly capitalism.. They are instead supporters of the third way the free market system which opposes both aforesaid forms of economic totalitarianism.. Friedman was a monetarist and a strong supporter of the free market system (even in the educational system by supporting use of school vouchers).. In the current economic setting, Freidman’s writings suggest that cutting spending to reduce the fiscal deficit would result in less transitional unemployment than raising taxes to do so.. In other words, the solutions proposed by the Bush and Obama administrations of massive government intervention in the markets will prolong unemployment compared to reducing government spending (which is diverting national resources away from productive industry).. At the same time Friedman, a strong supporter of transparency, would undoubtedly support Congressman Ron Paul’s push to audit and to end the Fed.. He supported prohibition of fractional reserve banking and withdrawing the US from the BIS/IMF/World Bank global equivalent of the Fed (as his support of our.. which advocates exactly that demonstrates [see.. Sections 4 and 15 excerpted below this article]).. The BIS is responsible for this current recession/depression and with the US Fed has misused its control of great wealth and resulting influence radically to tilt the economic system in the favor of the major international banks and against all other economic sectors.. This threatens to subject the political liberty of the entire world to BIS supra-governmental economic regulations since political liberty depends upon private control of private property.. Just as in the Great Depression (renamed the.. Great [Credit] Contraction.. by Friedman), the government caused the current severe recession/depression by implementing the BIS Basel II regulations and is again applying.. The right cure is to abolish the Fed, prohibit fractional reserve banking and withdraw from the BIS/IMF/World Bank supra-government that initiated this economic crisis.. The international banks behind these financial bodies have manipulated the financial system of the world to aggregate more and more wealth into their hands, concentrating vast economic power and hence political power under their control.. What Friedman wrote regarding the US Fed, quoted above, is even more germane to the international combination of the BIS/IMF/World Bank:.. Milton Friedman.. * * *.. Excepts from the.. (supported by Dr.. Friedman: “.. I am entirely sympathetic with the objectives of your Monetary Reform Act I am impressed by your attention to detail in your successive revisions Milton Friedman”):.. Sec.. ONE HUNDRED PERCENT (100%) RESERVE REQUIREMENT.. Section 19(b)(2)(A-D) of the.. is hereby amended to raise the Reserve Requirement ratio for financial institutions, in equal monthly increments of eight and one-half percent (8.. 5%), to one hundred percent (100%), during the said transition period.. 15.. WITHDRAWAL FROM INTERNATIONAL BANKS.. It is hereby declared as a matter of federal statutory law that membership and/or participation of the United States government, or its agencies, or of the Federal Reserve Board or Reserve Banks or any officer or employee thereof, with the.. Bank for International Settlements,.. the.. International Monetary Fund,.. World Bank,.. and all other international banks, is inconsistent with and in direct conflict with the purposes of this Act of Congress.. Our thanks to Wikipedia for a number of the relevant facts used in the article..

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