Saturday, September 22, 2007
Central Banking
For those of you who might not have taken a course of instruction in all matters fiduciary, here's a primer, a movie called Zeitgeist. In case you, like me, end up screaming at the video for footnotes while you're watching it, they're sort of included on the movie's homepage, here. Even their online statement, which reads like a manifesto without the scathing vocabulary, mentions that they soon hope to add footnotes and other such materials on the website, but it has not, as yet, manifested.
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2 comments:
Havent watched the video yet. However, looking at his bibliography the film is already highly suspect. In part one he seems to be using sources that tend to lead people to assume that contemporary theorys of analysing anncient mythology, actually represent what ancient peoples believed. Also, in part 2 he does not cite any sources critical of his forgone conclusion. This leads me to question his ability to understand the federal reserve bank.
Also, I think you used the word "feduciary" incorrectly.
No, I did use the word "fiduciary" correctly.
Yeah, this guy's argument might not hold water, however there are two central points that he makes that are worth withholding, I feel, and I'll do more research to better support these points.
The first important point is that the Federal Reserve Bank, a private corporation, is in charge of running our monetary policy. For however much the Chairman testifies before the congress, he is not accountable to our elected officials.
The second point is that a significant portion of the federal budget of the U.S. goes towards paying off debt liabilities. If our monetary policy were controlled by the Congress, we might not have taken on as much of a burden that our generation has to find a way to pay off.
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