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You are about to learn one of the
biggest secrets

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in the history of the world. It's a
secret

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that has huge effects for everyone who lives
on this planet.

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Most people can feel deep down that
something isn't quite right

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the world economy, but few know what it is

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Gone are the days where a family can
survive on

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just one paycheck, every day it seems things
are more and more

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out of control, yet only one in a million
understand why.

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You are about to discover

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the system that is ultimately
responsible for most of the inequality in our

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world today. The powers that be do not

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want you to know about this, as this system
is what has kept them at the top of

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the financial food chain for the last 100
years.

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Learning this will change your life
because it will change the choices that you make.

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If enough people learn it, it will change the world...

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because it'll change the system.

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For this is the biggest Hidden Secret Of Money.

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Never in human history have so many been
plundered by so

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few,

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And it's all accomplished through this, The
Biggest Scam

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In the History of Mankind

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They say that money doesn't grow on
trees

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but the truth is that the modern banking
system creates currency far faster than

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trees can grow.

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Most people don't have a clue how
currency is created

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economists and bankers make it sound so
complex that people think they can't

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understand it.

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But I'm going to strip our monetary
system down to its

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essence so you can see the scam behind
the curtain

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and just how it affects you. Every modern
society creates currency in pretty much

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the same way

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but since the US dollar is the majority
of the world's currency

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I'm going to use the United States as
our example. It all starts when some

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politician says 'Vote for me and I'll
make sure the government provides you more

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free stuff than my opponent will'

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But there's no such thing as a free
lunch - so to provide that supposedly free

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stuff the politicians

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vote for the country to spend more than
its income. This is called deficit spending.

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To pay for that deficit spending the
Treasury borrows currency by issuing a

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bond.

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So what's a bond? If you think about it a
bond is really nothing but a glorified

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I.O.U. It's a pretty piece of paper
with numbers printed on it that says

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'Loan me a trillion dollars today and I
promise over a 10-year period

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I'm gonna pay you back that trillion
dollars plus interest.'

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But what you need to understand is that
Treasury bonds

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are our national debt. These glorified
I.O.U.s

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are to be paid back by you and I and our
descendants through future taxation.

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Therefore:

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When the government issues a bond it
steals prosperity

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out as the future so that it can spend
it today. The Treasury then holds a bond

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auction

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and the world's largest banks show up and
compete to buy part of our national debt

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and make a profit on by earning interest.
You'll notice that as we move through

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this process

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the big banks are there taking a cut
every step of the way.

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This isn't by chance as you'll see
shortly. Then,

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through a shell game called Open Market
Operations the banks get to sell some of

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those bonds to the Federal Reserve

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at a profit. To pay for the bonds the Federal
Reserve

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opens up its big old checkbook and
writes bad

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bogus counterfeit checks that should
bounce because they're drawn on an account that

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always has a zero balance, there isn't
one penny

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in there. To quote from the Boston
Federal Reserve: 'When you are I write a

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check there must be sufficient funds

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in our account to cover that check, but when
the Federal Reserve writes a check

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there is no bank deposit on which that
check is drawn.

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When the Federal Reserve writes a check
it is creating money."

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The Fed then hands those checks to the
banks and at this point currency

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springs into existence.

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The banks then take that currency and
buy more bonds at the next Treasury

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auction.

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But what is a check? A check is also
an I.O.U.

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When you write a check you're making a
note that says "Here's my I.O.U. for

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cash,

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all you have to do is go to the bank and
pick it up." Now it's very very important

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that you understand this process

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because we're going to come back later
and show you the devastating effect this

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has on you.

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The treasury issues I.O.U.s, (bonds).

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The banks then buy those I.O.U.s with
currency. The Federal Reserve

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then writes I.O.U.s (checks) and hands them
to the banks in exchange for the

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Treasury's I.O.U.s

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(the bonds). And currency is created. So
what's really happening is the Federal

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Reserve and the Treasury

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are just swapping I.O.U.s, using the
banks as middlemen,

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and abracadabra presto currency
magically springs into existence.

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This process repeats and repeats over and
over again

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enriching the banks and indebting the
public by raising the national debt.

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The end result is that there's a buildup
of bonds at the Federal Reserve

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and currency at the Treasury. This process
is also where

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all paper currency comes from. The
Federal Reserve and the government

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mistakenly call it 'Base Money'

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because they didn't watch Episode 1 of
this series, and they don't know the

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difference between money

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and currency. But I will correctly
refer to it as 'Base Currency' because

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it is not money...

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it is CURRENCY, and as we've learned
there is a big difference:

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Money has to be a store of value
and maintain its purchasing power over

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long periods of time.

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We learned in Episode 1 that earlier
in our history our paper currency was

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just a claim check.

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It was a representation for real money
of intrinsic value,

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the gold and silver that was held on
deposit at the Treasury.

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You could walk into any bank and slap
your currency, like say a twenty dollar

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bill

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on the counter, and redeem it for real
moneyÉa twenty dollar gold piece.

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But now this base currency that's piling
up back here

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is really nothing but a receipt or a
claim check on an I.O.U.

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(that bond), so it's really nothing but a
supply of numbers.

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The Treasury then deposits the newly
created currency in the various branches

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of the government,

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and the politicians say "Hey thanks for
that!",

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and the government does some deficit
spending on public works,

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social programs, and war.

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The government employees, contractors and
soldiers then deposit their pay in the

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banks.

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Now this may come as a shock to you, but when
you deposit your currency with the bank

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you're not

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actually depositing it into an account
to be safely held in trust for you.

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Instead, you're actually loaning the bank
your currency,

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and within certain legal limits they can do
with it pretty much anything they please.

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This includes gambling in the stock
market, and loaning it out...

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at a profit of course.

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Now this is where the machine of currency
creation really gets cranking,

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because this is where something called
'Fractional Reserve Lending' comes into

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play.

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Fractional Reserve Lending is exactly
what it says. The banks are allowed

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to reserve only a fraction of your
deposit and long the rest out.

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Although reserve ratios may vary, I'm
going to use a 10 percent reserve ratio

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as our example.

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If you deposit $100 dollars in your
account, the bank can legally take ninety

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dollars of it and loan it out without
telling you.

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The bank must hold ten dollars of your
deposit in reserve

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just in case you want some of it. These
reserves are called 'Vault Cash'.

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But why does your bank account still say
you have one hundred dollars if the bank

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has stolen ninety dollars of it?

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Because the bank left I.O.U.s it
created called 'bank credit'

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in its place. Now I know this sounds
crazy,

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but here it is in black and white from
the Fed: "Commercial banks create

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checkbook money

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when they grant a loan simply by adding
new deposit dollars in accounts

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on their books in exchange for a
borrower's I.O.U."

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These are nothing but numbers that the
banks type into their computers,

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and even though these bank credit I.O.U.
numbers

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are very different from base currency
numbers (because they only exist in

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computers),

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they are still currency. So now there is
one hundred ninety dollars in existence.

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Now the reason people take out loans
from the banks is to buy something.

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They're going to buy a house or a car or
something like that.

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So the borrower takes the ninety dollars that 
the bank loaned to him from your account,

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and he pays the seller of item. But
then the seller deposits that currency

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into his account,

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and his bank loans out ninety percent of
that,

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and leaves bank credit numbers in its
place. So now there's two hundred and

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seventy-one dollars in existence.

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This process repeats and repeats until
under a 10 percent reserve ratio

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an initial deposit of just one hundred
dollars can create up to one thousand

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dollars of bank credit

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all backed by one hundred dollars of vault
cash,

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just 10 percent. But as I said reserve
ratios vary wildly...

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on some deposits it's 10 percent on
others

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its 3 percent and on some forms of deposits
reserve requirements

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are zero! The result is that the expansion the
currency supply by the banks is

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far greater than even this example would
lead you to believe.

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So once again, when currency is deposited
in the banks,

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the banks get to lend it out and then it
gets we redeposited and relent,

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redeposited and relent, redeposited and
relent

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over and over again creating bank credit
all the way.

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This is where the vast majority of our
currency supply comes from.

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In fact 92 to 96 percent of

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all currency in existence is created
not by the government,

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but here in the banking system. Now,

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massive amounts of currency spewing into
society may at first sound like a fun

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idea...

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that is until you remember one of the
most important Hidden Secrets Of Money

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from Episode 1:

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That the prices of everyday goods and
services act as a sponge

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on an expanding currency supply. The more
currency we have

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the more prices rise.

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This is where inflation comes from. The
true definition of inflation

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is an expansion of the currency supply,
rising prices

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are merely the symptom.

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So our entire currency supply is nothing
but a couple bucks whipped up in this

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hocus-pocus scam

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where the Treasury and the Federal
Reserve swap glorified I.O.U.s

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and a bunch of numbers that the banks
just type into their computers.

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That's itÉthat's our entire currency supply.
It's nothing but a supply of

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numbers.

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Some of them printed, most of them typed,

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and there is nothing else. But if you
thought that was crazy,

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get ready to enter the twilight zone ofmodern
economics. We work for some of that

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currency supply.

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True wealth is your time, but we trade
away moments in our lives

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hour by hour, day by day, and year by year

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for numbers that somebody printed on
pieces of paper or just typed into a

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computer.

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Now those numbers represent our blood,
sweat, tears, labor,

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ideas and talent. We are what gives
the currency its value.

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But here comes the really cruel joke...we
work hard,

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so that we can save some of that currency, so
that we can pay the tax collector

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(in the United States it's known as the IRS),
they then turn it over to the Treasury,

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so that the Treasury can pay the
principal plus interest

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on that bond that the Federal Reserve bought
with a check drawn

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on an account that has nothing in it.

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Now let's do a recap on this
section because this is where the

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system begins to rob you and I

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on a massive scale. Much of our taxes are
not used for schools, roads and public

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services,

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but to pay interest on bonds that the
Federal Reserve

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bought with a check drawn on an account that
has nothing

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in it. The Federal Reserve is committing
FRAUD.

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But here's one of the biggest secrets
of them all:

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Before the establishment at the Federal
Reserve there was no need for personal

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income tax. The Federal Reserve was created
in 1913

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and that very same year the Constitution

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was amended to allow income tax. Do you
really think this was just a coincidence?

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Ask yourself how much income tax you've paid

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over your lifetime. Much of it has been
silently siphoned away

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into the hands of those who own the
system. Yes this system has owners...

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who they are is an even bigger secret
that we'll get to shortly,

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but first we need to understand the
mumbo jumbo of the so-called

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'debt ceiling'. It's all based on a huge
paradox:

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There was interest due on that bond, and
there was interest due on

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every one of those loans that the banks made.
That means

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that there is interest due on every dollar
in existence.

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Let me ask you something: If you borrow
the very first dollar into existence and

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that's the only dollar that exists on
the planet,

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but you promise to pay it back plus
another dollars worth of interest...

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where you get the second dollar to pay the
interest? The answer is that you have to

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borrow that one into existence

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00:13:06,390 --> 00:13:10,200
and promise to pay it back with
interest as well, so now there are two

232
00:13:10,200 --> 00:13:11,490
dollars in existence

233
00:13:11,490 --> 00:13:16,480
but you owe fourÉand so on and so on. 
The result is there's never enough

234
00:13:16,480 --> 00:13:17,959
currency to pay the debt.

235
00:13:17,959 --> 00:13:21,190
There is always more debt in the system

236
00:13:21,190 --> 00:13:25,589
than there is currency in existence to
pay the debt. Therefore,

237
00:13:25,589 --> 00:13:28,910
the whole system is impossible it is
finite

238
00:13:28,910 --> 00:13:33,050
it will come to an end one day. What
would happen if the government stopped

239
00:13:33,050 --> 00:13:34,760
borrowing to do deficit spending?

240
00:13:34,760 --> 00:13:38,130
Are the payments on those treasury bonds
going to stop?

241
00:13:38,130 --> 00:13:42,900
What would happen if the public stopped
borrowing and going deeper into debt?

242
00:13:42,900 --> 00:13:45,910
Are your house and car payments going to
stop?

243
00:13:45,910 --> 00:13:49,250
No, there is a payment due

244
00:13:49,250 --> 00:13:53,350
every month on the principal plus the
interest on every dollar in existence

245
00:13:53,350 --> 00:13:55,350
and those payments do not stop.

246
00:13:55,350 --> 00:14:00,470
If we stop borrowing then no new
currency is created to replace the

247
00:14:00,470 --> 00:14:03,080
currency that we used to make those
payments.

248
00:14:03,080 --> 00:14:07,030
Whether you're making a payment on a
loan or paying tax to make a payment on

249
00:14:07,030 --> 00:14:07,760
a bond,

250
00:14:07,760 --> 00:14:11,030
the portion of the payment that goes to
pay off the principal

251
00:14:11,030 --> 00:14:15,990
extinguishes that portion of the debt.
But the debt also extinguishes the

252
00:14:15,990 --> 00:14:16,580
currency.

253
00:14:16,580 --> 00:14:19,860
Currency and debt are like matter and
anti-matter.

254
00:14:19,860 --> 00:14:24,610
When they meet they annihilate each
other. If we just pay off the principal

255
00:14:24,610 --> 00:14:25,110
only

256
00:14:25,110 --> 00:14:28,740
on all the loans and bonds that exist
the entire currency supply

257
00:14:28,740 --> 00:14:32,630
just vanishes. So if we don't go deeper
into debt every year

258
00:14:32,630 --> 00:14:37,230
look what happens: the whole thing goes
into a deflationary collapse under the

259
00:14:37,230 --> 00:14:38,000
weight of those payments.

260
00:14:38,000 --> 00:14:43,110
Politicians and pundits alike talk about
balancing the budget

261
00:14:43,110 --> 00:14:47,170
paying down the debt and living within
our means. They don't understand that

262
00:14:47,170 --> 00:14:48,440
that is deflationary,

263
00:14:48,440 --> 00:14:53,370
it is impossible to do under our current
monetary system without collapsing the

264
00:14:53,370 --> 00:14:55,570
whole economy.

265
00:14:55,570 --> 00:14:59,080
This is why any talk of a debt ceiling
is not only ridiculous...

266
00:14:59,080 --> 00:15:02,880
its delusional. The system is designed to
require

267
00:15:02,880 --> 00:15:07,899
ever-increasing levels of debt just to
continue, and that's why politicians will

268
00:15:07,899 --> 00:15:08,580
always

269
00:15:08,580 --> 00:15:12,040
kick the can down the road and raise
this so-called

270
00:15:12,040 --> 00:15:17,220
'debt ceiling' over and over again until
the whole system finally collapses under

271
00:15:17,220 --> 00:15:18,250
its own weight.

272
00:15:18,250 --> 00:15:22,000
In other words, they don't want it to
collapse on their watch.

273
00:15:22,000 --> 00:15:25,600
The founding fathers of the United
States knew the dangers of central

274
00:15:25,600 --> 00:15:28,850
banking and fought to free themselves
from this very thing.

275
00:15:28,850 --> 00:15:32,230
The revolutionary war started out as a
tax revolt,

276
00:15:32,230 --> 00:15:36,440
but now we must pay tax just to have a
monetary system.

277
00:15:36,440 --> 00:15:40,000
Having just suffered through the
hyperinflation of the Continental

278
00:15:40,000 --> 00:15:40,529
Dollar

279
00:15:40,529 --> 00:15:44,330
which was printed into oblivion to
finance the Revolutionary War,

280
00:15:44,330 --> 00:15:49,450
they understood the dangers of fiat
currency and debt based monetary systems.

281
00:15:49,450 --> 00:15:53,830
So to protect future generations from
institutional theft and

282
00:15:53,830 --> 00:15:58,220
out-of-control government they wrote
into the constitution that only gold and

283
00:15:58,220 --> 00:15:59,640
silver can be money,

284
00:15:59,640 --> 00:16:04,750
for the simple fact that you can't print
them. Our current system is not only

285
00:16:04,750 --> 00:16:06,160
unconstitutional,

286
00:16:06,160 --> 00:16:09,250
but it robs us of the liberty and
prosperity

287
00:16:09,250 --> 00:16:13,790
our forefathers fought and died for. We
are all

288
00:16:13,790 --> 00:16:17,029
feeling the effects of ignoring the
Constitution right now.

289
00:16:17,029 --> 00:16:20,100
By forcing more currency into
circulation

290
00:16:20,100 --> 00:16:23,680
our purchasing power is diluted.
Inflation

291
00:16:23,680 --> 00:16:26,730
is a slow and insidious stealth tax

292
00:16:26,730 --> 00:16:30,579
that is simply the result of this in
dept-based monetary system.

293
00:16:30,579 --> 00:16:35,140
This system empowers and benefits those
who create the currency and receive it

294
00:16:35,140 --> 00:16:35,760
first

295
00:16:35,760 --> 00:16:39,899
as they get to spend it into circulation
before it has an effect on the economy.

296
00:16:39,899 --> 00:16:43,890
They're stealing purchasing power from
you and transferring it to the banks and the

297
00:16:43,890 --> 00:16:44,430
government

298
00:16:44,430 --> 00:16:49,149
every hour of every day because of this
false monetary system.

299
00:16:49,149 --> 00:16:53,839
And it's not like the people at the top
don't know this. To quote the Federal Reserve

300
00:16:53,839 --> 00:16:58,050
"The decrease in purchasing power
incurred by the holders of money

301
00:16:58,050 --> 00:17:02,600
due to inflation imparts gains to the
issuers of money."

302
00:17:02,600 --> 00:17:06,660
This is a fraud, it is a pyramid scheme,
it is a Ponzi scheme,

303
00:17:06,660 --> 00:17:11,329
it's a scam and it's a lie. Our entire
monetary system

304
00:17:11,329 --> 00:17:16,929
is nothing but a form of legalized theft.
But here's the biggest con job of them all:

305
00:17:16,929 --> 00:17:20,459
The Federal Reserve is not federal - it
has stockholders.

306
00:17:20,459 --> 00:17:23,770
There is no federal agency that has
stockholders.

307
00:17:23,770 --> 00:17:27,790
What's a stockholder? A stock
represents a percentage of

308
00:17:27,790 --> 00:17:31,040
ownership in a corporation, so the
stockholders

309
00:17:31,040 --> 00:17:34,770
are the owners of that corporation.
Therefore the Federal Reserve is a

310
00:17:34,770 --> 00:17:36,860
private corporation with owners...

311
00:17:36,860 --> 00:17:40,820
and you can see it for yourself if you
go to the Federal Reserve's website

312
00:17:40,820 --> 00:17:45,120
and it will say: "The stockholders
receive an annual dividend of

313
00:17:45,120 --> 00:17:49,260
six-percent." Now we know that the stock
in the Federal Reserve was originally

314
00:17:49,260 --> 00:17:49,809
issued

315
00:17:49,809 --> 00:17:53,419
to the largest banks in the United
States but because of mergers and

316
00:17:53,419 --> 00:17:54,850
acquisitions through the years

317
00:17:54,850 --> 00:17:59,230
you can't actually trace who owns the
stock in the Federal Reserve. That's a

318
00:17:59,230 --> 00:18:03,160
very closely guarded secret. My guess
would be that the owners

319
00:18:03,160 --> 00:18:06,870
are those primary dealers, the banks that
get to make a profit

320
00:18:06,870 --> 00:18:10,669
by selling part of our national debt-
those bonds, to the Federal Reserve

321
00:18:10,669 --> 00:18:16,130
who buys them with a check from nothing!
Then WE pay tax to pay the principal

322
00:18:16,130 --> 00:18:20,400
and the interest on those bonds so that
the Federal Reserve can pay the banks a 6

323
00:18:20,400 --> 00:18:22,570
percent dividend.

324
00:18:22,570 --> 00:18:26,169
Don't be alarmed if you don't quite
comprehend the deception of this system

325
00:18:26,169 --> 00:18:30,540
at first glance. Very few people do. It is
purposely complex.

326
00:18:30,540 --> 00:18:33,640
The economist John Maynard Keynes once
wrote:

327
00:18:33,640 --> 00:18:37,400
"By this means government may secretly
and unobserved

328
00:18:37,400 --> 00:18:42,470
confiscate the wealth of the people and not
one man in a million will detect the

329
00:18:42,470 --> 00:18:43,100
theft."

330
00:18:43,100 --> 00:18:46,150
I believe that presented correctly

331
00:18:46,150 --> 00:18:49,940
anyone can understand the system,
regardless of how complex it is.

332
00:18:49,940 --> 00:18:53,490
So let's do a recap and break it down
even more...

333
00:18:53,490 --> 00:18:57,400
The way this system works is that Step 1:

334
00:18:57,400 --> 00:19:02,540
The government creates glorified I.O.U.s
These bonds increase our national

335
00:19:02,540 --> 00:19:02,919
debt,

336
00:19:02,919 --> 00:19:06,630
and put the public on the hook to pay it
back. Step 2:

337
00:19:06,630 --> 00:19:10,919
I.O.U.s are swapped to create currency. The
Treasury

338
00:19:10,919 --> 00:19:15,830
sells the bonds to the banks. The banks
then turn around and sell our national

339
00:19:15,830 --> 00:19:16,380
debt

340
00:19:16,380 --> 00:19:20,669
at a profit to the Federal Reserve, which
they probably own.

341
00:19:20,669 --> 00:19:24,470
The Federal Reserve then opens its checkbook
that doesn't have a penny in it

342
00:19:24,470 --> 00:19:28,040
and buys those I.O.U.s with I.O.U.s it
writes,

343
00:19:28,040 --> 00:19:32,260
checks on a checking account that has a zero
balance.

344
00:19:32,260 --> 00:19:36,290
Then they give those checks to the
banks and currency just springs into

345
00:19:36,290 --> 00:19:37,460
existence,

346
00:19:37,460 --> 00:19:41,909
and then the whole process repeats. This
results in a build up of bonds at the

347
00:19:41,909 --> 00:19:43,010
Federal Reserve,

348
00:19:43,010 --> 00:19:47,370
and currency at the Treasury...which is
really just a supply of numbers.

349
00:19:47,370 --> 00:19:50,290
The Treasury then deposits the numbers
in the various branches of the

350
00:19:50,290 --> 00:19:52,140
government and we get to Step 3:

351
00:19:52,140 --> 00:19:56,000
The government spends the numbers on
promises,

352
00:19:56,000 --> 00:19:59,870
public works, social programs and war.

353
00:19:59,870 --> 00:20:03,450
Then the government employees,
contractors and soldiers deposit their

354
00:20:03,450 --> 00:20:04,830
pay into the banks

355
00:20:04,830 --> 00:20:09,510
and we get to Step 4: Where the banks
multiply the numbers by magically

356
00:20:09,510 --> 00:20:10,720
inventing more

357
00:20:10,720 --> 00:20:14,530
I.O.U.s through Fractional Reserve
Lending, where they steal a portion of

358
00:20:14,530 --> 00:20:17,159
everyone's deposit and lend it out.

359
00:20:17,159 --> 00:20:21,600
That currency gets redeposited and then
a portion is stolen again,

360
00:20:21,600 --> 00:20:25,700
and the process repeats over and over
magnifying the currency supply

361
00:20:25,700 --> 00:20:27,190
exponentially.

362
00:20:27,190 --> 00:20:31,780
Then we work for some of those numbers
which brings us to Step 5:

363
00:20:31,780 --> 00:20:36,090
Where our numbers are taxed. We pay taxes
to the IRS

364
00:20:36,090 --> 00:20:40,220
who then turns our numbers over to the
Treasury, so the Treasury can pay the

365
00:20:40,220 --> 00:20:44,560
principal plus the interest on bonds
that were purchased by the Federal Reserve

366
00:20:44,560 --> 00:20:48,490
with a check from nothing. Then we get to
Step 6:

367
00:20:48,490 --> 00:20:52,650
The Debt Ceiling Delusion. The system is
designed to require

368
00:20:52,650 --> 00:20:56,960
ever-increasing levels and debt and will
eventually collapse under its own weight

369
00:20:56,960 --> 00:20:58,570
because politicians

370
00:20:58,570 --> 00:21:04,220
always kick the can down the road, they
don't want it to collapse on their watch.

371
00:21:04,220 --> 00:21:08,419
And finally Step 7: The Secret Owners
Take Their Cut.

372
00:21:08,419 --> 00:21:12,610
The world's largest banks own the Federal
Reserve, those banks make a profit

373
00:21:12,610 --> 00:21:15,190
selling our national debt top the Fed,

374
00:21:15,190 --> 00:21:20,000
they make a profit when the Fed pays
them interest on the reserves held at the Fed,

375
00:21:20,000 --> 00:21:23,510
and the Fed pays them a six percent
dividend on their

376
00:21:23,510 --> 00:21:26,559
ownership of the Fed. This system

377
00:21:26,559 --> 00:21:31,000
is fundamentally evil. It funnels wealth
from the working population

378
00:21:31,000 --> 00:21:34,860
to the government and the banking sector.
it is the cause of the artificial booms

379
00:21:34,860 --> 00:21:36,870
and busts of modern economies,

380
00:21:36,870 --> 00:21:41,200
and it causes great disparity of wealth
between the rich and the working class.

381
00:21:41,200 --> 00:21:45,740
AND - it is only possible because we no
longer use real money,

382
00:21:45,740 --> 00:21:50,570
we use currency. But worst of all it is a
form of enslavement.

383
00:21:50,570 --> 00:21:55,150
BOND is the root word of BONDAGE.
Whenever a government issues a bond it

384
00:21:55,150 --> 00:21:58,440
is a promise to make us pay tax in the
future.

385
00:21:58,440 --> 00:22:02,059
Nobody asked you if you wanted to pay
tax today for the prosperity we all

386
00:22:02,059 --> 00:22:04,220
enjoyed in the last century.

387
00:22:04,220 --> 00:22:08,409
Nobody is asking our children if they
want to work hard in the future

388
00:22:08,409 --> 00:22:12,640
to pay for the prosperity we're enjoying
now. George Washington once wrote to

389
00:22:12,640 --> 00:22:14,159
James Madison:

390
00:22:14,159 --> 00:22:18,040
"No generation has the right to contract
debts greater

391
00:22:18,040 --> 00:22:21,909
than can be paid off during the course
of its own existence."

392
00:22:21,909 --> 00:22:25,600
By stealing prosperity from tomorrow so
we can spend it today

393
00:22:25,600 --> 00:22:29,320
we enslave ourselves and future
generations.

394
00:22:29,320 --> 00:22:32,870
Now this all sounds pretty bad but there
is great hope

395
00:22:32,870 --> 00:22:36,710
for YOU are the greatest threat to this
false monetary system.

396
00:22:36,710 --> 00:22:40,360
This system relies on the public being
ignorant of its workings.

397
00:22:40,360 --> 00:22:43,480
Please share this knowledge with
everyone you know because an informed

398
00:22:43,480 --> 00:22:43,990
public

399
00:22:43,990 --> 00:22:47,570
that fully understands the system can
build a better future

400
00:22:47,570 --> 00:22:52,490
for generations to come. And now I leave you
with this quote,

401
00:22:52,490 --> 00:22:56,929
widely attributed to a former Director
of the Bank Of England: "The modern banking system

402
00:22:56,929 --> 00:22:59,620
manufacturers money out of nothing.

403
00:22:59,620 --> 00:23:03,180
The process is perhaps the most
astounding piece of sleight of hand that

404
00:23:03,180 --> 00:23:04,200
was ever invented.

405
00:23:04,200 --> 00:23:07,290
Banking was conceived in iniquity

406
00:23:07,290 --> 00:23:11,760
and born in sin. Bankers own the earth.
Take it away from them,

407
00:23:11,760 --> 00:23:15,830
but leave them the power to create money and
control credit and with the flick of a

408
00:23:15,830 --> 00:23:16,370
pen

409
00:23:16,370 --> 00:23:21,040
they will create enough money to buy it
back again. If you want to continue as

410
00:23:21,040 --> 00:23:22,310
the slaves of bankers

411
00:23:22,310 --> 00:23:26,740
and pay the cost of your own slavery, let
them continue to create money,

412
00:23:26,740 --> 00:23:32,140
and to control credit."

413
00:23:32,140 --> 00:23:34,460
This the Federal Reserve in Washington
DC

414
00:23:34,460 --> 00:23:39,650
it's located on Constitution Street, and
that is just as much a joke as the New

415
00:23:39,650 --> 00:23:42,380
York Fed being located on Liberty Street.

416
00:23:42,380 --> 00:23:46,470
Both of them are unconstitutional both
of them limit our Liberty,

417
00:23:46,470 --> 00:23:49,980
and they transfer wealth away from us
every second of every day

418
00:23:49,980 --> 00:23:55,790
to the Federal Reserve, to the government
and to the banking sector. YOU

419
00:23:55,790 --> 00:23:59,970
are now among the one in a million that can
detect theft of your prosperity...

420
00:23:59,970 --> 00:24:03,160
so the big question is, what can you do
about it?

421
00:24:03,160 --> 00:24:07,270
1: Watch this video until you can
describe

422
00:24:07,270 --> 00:24:10,940
and teach it to others. Those who
understand the system

423
00:24:10,940 --> 00:24:14,010
can make preparations for its unavoidable
collapse

424
00:24:14,010 --> 00:24:17,570
and protect themselves. History shows that those
who don't

425
00:24:17,570 --> 00:24:20,669
will probably wiped out. 2:

426
00:24:20,669 --> 00:24:25,830
Share this video with everyone,
especially those you care about. All it

427
00:24:25,830 --> 00:24:27,809
takes is a mouse click or two

428
00:24:27,809 --> 00:24:30,300
to get this message in front of millions.

429
00:24:30,300 --> 00:24:34,350
Post this video on Facebook, Tweet it,
email it to loved ones.

430
00:24:34,350 --> 00:24:37,800
Please share it wherever you can. 
3:

431
00:24:37,800 --> 00:24:42,490
Join the conversation. The current world
monetary system is based on a three

432
00:24:42,490 --> 00:24:43,810
hundred-year-old design

433
00:24:43,810 --> 00:24:47,149
meant to enrich a few at the expense
of the many...

434
00:24:47,149 --> 00:24:51,219
there must be a better way. At
HiddenSecretsOfMoney.com

435
00:24:51,219 --> 00:24:55,379
we've created an open source platform
for the design and development of a new

436
00:24:55,379 --> 00:24:58,320
world monetary system. We're calling on

437
00:24:58,320 --> 00:25:01,450
every economist, every student, every
college,

438
00:25:01,450 --> 00:25:05,989
every bright mind and anyone who cares
to join the discussion.

439
00:25:05,989 --> 00:25:10,649
In educating ourselves and each other we
can prevent the further loss of our

440
00:25:10,649 --> 00:25:11,309
freedoms

441
00:25:11,309 --> 00:25:15,109
and maybe, just maybe win some of them back.

442
00:25:15,109 --> 00:25:18,759
...

443
00:25:18,759 --> 00:25:25,759
...

444
00:25:27,160 --> 00:25:31,110
Stay tuned for Ron Paul...

445
00:25:31,110 --> 00:25:34,340
ÉJim Rickards, and Steve Forbes

446
00:25:34,340 --> 00:25:41,340
Watch more episodes at 
HiddenSecretsOfMoney.com

447
00:26:00,520 --> 00:26:02,880
[Ron Paul] I think your Episode 4 is

448
00:26:02,880 --> 00:26:07,260
very beneficial, very helpful, it's gonna
introduce these ideas to a lot of

449
00:26:07,260 --> 00:26:09,430
people, and like I've just been talking about,

450
00:26:09,430 --> 00:26:13,020
we have to change people's minds and the
more they understand it the better,

451
00:26:13,020 --> 00:26:17,650
and I think we're at this point now
where more people in the last

452
00:26:17,650 --> 00:26:21,590
several years..four or five years have
thought about the Fed than they ever have

453
00:26:21,590 --> 00:26:23,590
in the previous ninety five years

454
00:26:23,590 --> 00:26:29,090
so I think I an explanation and diagrams
to show it is very helpful

455
00:26:29,090 --> 00:26:32,630
because quite frankly they're not going
to get it in their grade school they're

456
00:26:32,630 --> 00:26:34,170
not going to get in their high school

457
00:26:34,170 --> 00:26:38,320
they're not going to get it in college
unless they're in a very rare

458
00:26:38,320 --> 00:26:40,280
circumstance to understand

459
00:26:40,280 --> 00:26:44,710
how this works. [Jim Rickards] You know for years
before I got involved in

460
00:26:44,710 --> 00:26:49,140
huh really studying gold and some of the things
I write and talk about today I was a

461
00:26:49,140 --> 00:26:53,980
monetary economist for decades you know
in your video you talk about the primary

462
00:26:53,980 --> 00:26:54,700
dealers

463
00:26:54,700 --> 00:26:58,920
I was chief counsel and chief credit officer
for one the largest primary dealers for ten

464
00:26:58,920 --> 00:26:59,540
years so

465
00:26:59,540 --> 00:27:03,440
I had an inside seat on the Treasury
market and have the privilege of working

466
00:27:03,440 --> 00:27:04,630
with several

467
00:27:04,630 --> 00:27:08,350
former Vice Chairman of the Board of
Governors: Johnson and

468
00:27:08,350 --> 00:27:12,440
David Mullins going back to the 80's and
90's so I'm very immersed in what you're

469
00:27:12,440 --> 00:27:13,770
talking about I thought it was

470
00:27:13,770 --> 00:27:16,770
extremely accurate, extremely clear,

471
00:27:16,770 --> 00:27:20,120
I didn't think you were stretching on any
points it was is really like something

472
00:27:20,120 --> 00:27:20,550
out of a

473
00:27:20,550 --> 00:27:25,360
PhD course except that it was very easy
to understand, I think it's accessible,

474
00:27:25,360 --> 00:27:29,210
I think I think we're seeing a little
bit of a revolution in communications in

475
00:27:29,210 --> 00:27:32,730
the following sense you know as you
point out the Fed was created in 1913

476
00:27:32,730 --> 00:27:37,100
well in 1913 there was no web there
was no YouTube, no Twitter

477
00:27:37,100 --> 00:27:40,570
there was really no one to stand up and

478
00:27:40,570 --> 00:27:43,890
oppose the Fed or call them out if you
will, or really get into a discussion

479
00:27:43,890 --> 00:27:45,990
that everyday Americans could follow.

480
00:27:45,990 --> 00:27:49,260
That's not true now - with social media
and everything else

481
00:27:49,260 --> 00:27:52,380
you can reach out to millions and
tens of millions of people and tell them

482
00:27:52,380 --> 00:27:53,960
what's going onÉI think you've done that,

483
00:27:53,960 --> 00:27:57,660
You've done it successfully I applaud it, I think it's
a great video I

484
00:27:57,660 --> 00:28:01,270
look forward to seeing it again, I know
millions of people will enjoy it.

485
00:28:01,270 --> 00:28:02,030
[Steve Forbes] Well as we know the

486
00:28:02,030 --> 00:28:05,580
Federal Reserve believes it can 
create money out of thin air, and

487
00:28:05,580 --> 00:28:09,430
not realize money is supposed to represent
real products and services

488
00:28:09,430 --> 00:28:14,140
and what people don't realize is
when the Fed does that

489
00:28:14,140 --> 00:28:17,700
in effect as Keynes pointed out
it's a form of taxation,

490
00:28:17,700 --> 00:28:22,150
it's a form of confiscation and because
people don't see it

491
00:28:22,150 --> 00:28:27,710
the politicos get away with it, but it
also undermines social trust,

492
00:28:27,710 --> 00:28:30,760
it just is corrosive throughout
society.

493
00:28:30,760 --> 00:28:34,980
We're going to have a lot of turmoil in
the coming years,

494
00:28:34,980 --> 00:28:38,320
but it's going to be the kind of turmoil
that leads to positive things.

495
00:28:38,320 --> 00:28:42,840
So don't despair, get out there and
fight because

496
00:28:42,840 --> 00:28:46,970
the tide is gonna turn. This is going to
be the statists last stand.

497
00:28:46,970 --> 00:28:50,430
[Mike Maloney] Thank you!

498
00:28:50,430 --> 00:28:55,800
[James Anderson] This episode of Mike Maloney's 
Hidden Secrets Of Money

499
00:28:55,800 --> 00:29:00,520
was brought to you by GoldSilver.com
and the new Silver Pegasus round. To

500
00:29:00,520 --> 00:29:02,120
learn how to protect your family

501
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and turn the coming economic storms
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502
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GoldSilver.com