Jimmy Dore is close to understanding the monetary system and just needs some coaxing to get over the finish line. The national debt isn’t as big of a deal as everyone makes it out to be. The Federal Reserve is a public institution. The interest on the “debt” held by the Federal Reserve gets paid… Continue reading Jimmy Dore Sounds Alarm on Accelerating National Debt! Does the national debt even matter? (Ep.131)
Tag: federal reserve
Why the Debt Ceiling is Nonsense | Stop Freaking Out (Ep.128)
The national debt and the debt ceiling are fake issues devised to keep us fighting over nothing. Interest rates are an arbitrary political decision. It’s impossible for the US government to borrow US dollars. The government needs to spend before it can tax. The Federal Reserve is a public institution. Stop worrying about the debt… Continue reading Why the Debt Ceiling is Nonsense | Stop Freaking Out (Ep.128)
Sorry Guys… But the Federal Reserve Isn’t Private (Ep.118)
WHAT?! The Federal Reserve is totally private? No way. Dylan of Irida TV kills a sacred cow by going over just how the Federal Reserve functions and, sorry to burst everyone’s bubble, comes to the conclusion that The Fed is very much a government organization. Show Notes: The Federal Reserve Act: https://www.federalreserve.gov/aboutthefed/fract.htm Eligibility of Federal… Continue reading Sorry Guys… But the Federal Reserve Isn’t Private (Ep.118)
Economics Requires Morality with Dr E Michael Jones (Ep.112)
Dr. E Michael Jones joins us at IridaTV to discuss his pivotal work on economics, Barren Metal. What is the most fundamental and important aspect of an economy? Who should benefit from and what is the value of labor? How do you extract value from others’ labor without doing any work? Dr Jones answers within!… Continue reading Economics Requires Morality with Dr E Michael Jones (Ep.112)
Banking Without Usury: A Thought Experiment (Ep.111)
In a financial system where we have a banking system that generates money out of nothing, what is the purpose of borrowers paying any interest at all? What is the societal purpose of banks to begin with? If usury is wrong at any level, even at a 1% interest, how could we have a banking… Continue reading Banking Without Usury: A Thought Experiment (Ep.111)