Wayne Stollings wrote:
Compiled conspiracy theories do not tend to support each other when the actual facts are considered.
For example, who issues the money in reality as opposed to the claim in the video:
"But the Federal reserve board have no power whatever to regulate the rates of interest that bankers may charge borrowers of money. This is the Aldrich bill in disguise, the difference being that by this bill the Government issues the money, whereas by the Aldrich bill the issue was controlled by the banks...Wall Street will control the money as easily through this bill as they have heretofore."(Congressional Record, v. 51, page 1447, Dec. 22, 1913)
The film is over 2 hours and discusses many issues. If I was a retired person I might be able to research some or all of its claims. I haven't even managed to get to Tessla yet .....(but I probably will at some point).
The entire economic system is difficult to understand for most people. In fact, I would bet that rocket science is easier to understand. Economics has become so incredibly complex through the years, decades and (recent) centuries. The standard was gold and then the greenback ..... but seems that is changing as China now holds the majority of US debt which is why people are buying up gold again.
(since the American dollar has been demoted alongside Pluto). The fed has no power to regulate interest rates but has power to create money while Wall Street controls it?
If most European countries are in debt and the US is in debt ....... and 3rd world countries are seemingly always in debt ...... who are they in debt to? Are they in debt to each other? Are they in debt to the World Bank, and if so, who are the World Bank?
Is it fair that 3rd world countries are so poor while we are so rich? Does our wealth depend on their poverty? Why can't 3rd world debt be forgiven? Who might forgive it? Why would they or wouldn't they? Who are "they"?
This is basic and yet complex information and it is not taught in high school or college/university unless one specializes in economics/finances. But it affects us all even while most of us don't understand it.
Wayne, if you understand it, or think you do, .... can you explain 3rd world debt .... and why it is not forgiven in light of the people who go without food in the horn of Africa? .... Because that is the crux. I know it is a very complex question .... whether you are retired or not .... and if you could please not
explain it like a rocket scientist .... I (we?) would be grateful!