Money for Nothing: Inside the Federal Reserve

Nearly 100 years after its creation, the power of the U.S. Federal Reserve has never been greater. Markets and governments around the world hold their breath in anticipation of the Fed Chairman's every word. Yet the average person knows very little about the most powerful - and least understood - financial institution on earth.

This film covers everything from the Great Depression up through Bretton Woods (and its repeal in 1971) and on through the crisis of 2007-2008. We get Greenspan's connection to Ayn Rand and learn a few technical terms like "quantitative easing".

This is a great primer for anyone who knows absolutely nothing about the Federal Reserve. And, frankly, that happens to be most of us. Even those who do know something will probably learn more. How odd that the engine fueling our economy (maybe even the entire global economy) is not something many people could even explain.

This was very disappointing. Every talking head and expert in this "documentary" have a vested interest in the continuation of the FED. This does not equate to a well rounded documentary, this is what we call propaganda kids. It's like Monsanto making a "cutting edge no holds bar" documentary about...well...Monsanto.

The blatant fraud of the Fed can be seen in it's name: It's no more federal than Federal Express and it has no reserves, it just prints all the money it wants without any accountability or backing. A federal Reserve note (dollar bill) has no more significance than if I printed a dollar from my computer. This worthless money is then loaned to our government at a 6% interest rate and we pay the bill.! There is no ballot measure that we voted on, there is no say what-so-ever from the people, the government can borrow all they want from the FED and have no accountability to the people. How in the hell does this make it good for the people?! They create money out of thin air and charge interest from it! That's fraud!

The president of the US does in fact choose who runs the Fed, but guess what the film "forgot" to mention? The Fed gives the president a list of people to choose from! Ha! Bet you didn't know that?

The Federal Reserve is far more harmful than this documentary makes it out to be.

The FED can single handedly crush our entire system if they wanted to, think about it. Why would this EVER be a good thing. It's no different then the medieval kings back in Europe.

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." -Thomas Jefferson-

The Fed also prints money out of thin air then lends it to dozens of counties around the world through organizations such as the International Monetary Fund and the World Bank. This creates a massive inflation cycle and an outrageous bill for the American tax payers children to pay back when other countries default. Inflation is a tax, make no mistake about it. If your dollar is worth 20 cents less than it was it's no different than an increase of income tax by 20%. The only difference is, borrowing from the FED is not out in the open like an income tax, it's in the background and mostly all Americans never catch onto this. Since the creation of the Federal Reserve System, 90%!! of our dollar has been eaten away by inflation!

"Permit me to issue and control the money of a nation, and I care not who makes its laws!"

Oh and another thing, the 12 member banks of the FED creates no safeguards against centralization. They are simply franchises of the same owner. All rules and regulations are passed down from the top (the Federal Reserve bank of New York). They are only there as an illusion of a non centralized bank, think about it; can the Federal Reserve bank in San Francisco issue a different interest rate than the one in NY? Of course not, they're all attached and they all act in unison.

Everyone should look into The Bank of North Dakota, the only state-owned bank in the nation. They have no debt and have been unbelievably successful. This is the direction we need to head, we should obey and respect the 10th amendment and decentralize almost everything, let states take back what rights they use to have. This is the point of the United STATES was it not? Independent states that can independently succeed on their own. Do we really want this country to turn into The United Federation of America, a country without independent states who's sole rule maker comes from Washington DC? I don't.

End the Fed is a 2009 book by Congressman Ron Paul of Texas. The book debuted at number six on the New York Times Best Seller list[1] and advocates the abolition of the United States Federal Reserve System. Summary

Paul argues that "in the post-meltdown world, it is irresponsible, ineffective, and ultimately useless to have a serious economic debate without considering and challenging the role of the Federal Reserve."[2]

In End the Fed, Ron Paul draws on American history, economics, and anecdotes from his own political life to argue that the Fed is both corrupt and unconstitutional. He states that the Federal Reserve System is inflating currency today at nearly a Weimar or Zimbabwe level, which Paul asserts is a practice that threatens to put the United States into an inflationary depression where the US dollar, which is the reserve currency of the world, would suffer severe devaluation.

A major theme throughout the work also revolves around the idea of inflation as a hidden tax making warfare much easier to wage. Because people will reject the notion of increasing direct taxes, inflation is then used to help service the overwhelming debts incurred through warfare. In turn the purchasing power of the masses is diminished, yet most people are unaware. Under Ron Paul's theory, this diminution has the biggest impact on low income individuals since it is a regressive tax. Paul argues that the CPI presently does not include food and energy, yet the these items are the items on which the majority of poor peoples' income is spent.

He further maintains that most people are not aware that the Fed – created (he asserts) by the Morgans and Rockefellers at a private club off the coast of Georgia[3] – is actually working against their own personal interests. Instead of protecting the people, Paul contends that the Fed now serves as a cartel where the name of the game is bailout -- or otherwise known as privatized profits but socialized losses.

Paul also draws on what he argues are historical links between the creation of central banks and war, explaining how inflation and devaluations have been used as war financing tools in the past by many governments from monarchies to democracies.

When everything is going well people likes it and try to avoid thinking about reaction of their action. It's only when things are not doing well people(us) starts thinking that OMG what have we did wrong, at this time instead of looking for short term gain and quick fix we should work on the shortcomings so that we can avoid problem in future.

However history repeats it self ! and after some times people will again start thing this time it's different. Let's see what will happen in 2020 interest rate are now again at 0%.

----- For people like me : "I am just a little guy, what can I do?" Answer is instead of playing crooked finance tricks or following into idea of get rich quick

• work hard, as best as you can
• Improve your skills by learning new things
• Save your money & invest it wisely

and you will be on your way to peaceful life instead of stuck into BOOM and BUST cycle.

A must-see film for investors looking to understand the recent Boom & Bust cycles produced by the Federal Reserve. More importantly, a must-see film for investors looking to dodge the next BIG bubble. The producer does an excellent job illustrating the history of the Federal Reserve and its original role in the economy. Most impressive, is the quality of the cast interviewed during the film. Members of the Federal Reserve, IMF, Bank of International Settlements, and famous economists to name only a few examples. The credibility of these individuals gives the information more weight than the average documentary. Finally, the film goes on to explain how the Federal Reserve has become something that was not originally intended during its creation, a political instrument that impacts every one of us. Never has it been more important to understand this concept and how it applies to the next big bubble being created as we speak.