On this episode of the Money Masters, John in Ohio calls in with his concerns about the current monetary system and how it works, and why it needs to be reformed. The Money Masters is a new show hosted by Alex Blumberg, Mike Downey, and John Rocha. They are joined by Pat Carmack, the maker of the film, "The Devil Next Door," and Bill Still, the narrator.
00:00:01.000We have the maker of the preeminent film on the ruling class, who through sleight of hand, fractional reserve banking, owned much of the planet.
00:00:25.000And now I want what little bits of wealth are left from the American people who are their ancestral enemies.
00:00:32.000Pat Carmack is our guest, the maker of the film, and Bill Still, the narrator.
00:00:39.000Recapping for some stations that I know have just joined us or listeners, Pat Carmack, of course, has been a banker.
00:00:44.000I've been involved in business, been involved in oil, been involved in utilities, found out about the real monetary system decades ago, and is now one of the leading experts on it.
00:00:55.000And Bill Still, of course, was a newspaper editor, found out about all this when a listener, when a reader sent him some information and he researched it.
00:01:23.000So let's get some of those calls out of the way, and then we're going to get into whatever issues our guests want to discuss on Monetary System, what we're facing, how it works, and their solution, which I think is the best I've seen out there bar none.
00:01:36.000And you know I don't just toot people's horns unless I really believe it.
00:01:40.000And it looked good to me 12 years ago, 13 years ago when I first saw it.
00:01:45.000Now that I know so much more and have interviewed so many experts, it seems like the only way out.
00:01:51.000Now because the bankers are going to bankrupt us and then always offer another solution that gets you deeper into their control.
00:02:30.000Well, that's great, because I think he has more than just calls for austerity, cutbacks on The social spending, which, you know, the safety net programs, and this kind of... Well, the bankers only offered that to get us under their control and domesticate us.
00:02:49.000Now they're taking it away from the hogs because it's time for slaughter.
00:02:52.000Right, but I'm saying under these conditions, austerity and cutback would be the hard landing that we all want to avoid.
00:02:59.000And I also wanted to point out that I believe that as we head into this mad war that these neocons want to Bring us into, I think people like Jerome Corsi are really two-faced ponies because I've heard him recently and over the years constantly pushing all of the kind of ultra neocon scaremongering about terrorism that got us into the war in Iraq and just about a month ago on coast to coast.
00:03:24.000He jointly with the host was talking about Iran possibly giving terrorist nuclear bombs to plant here And he's organizing some of these people that he calls freedom fighters that you obviously show are nothing but CIA-run terrorists, Al-Qaeda-type terrorists.
00:03:45.000This man is connected, I'm absolutely certain.
00:03:50.000Well, I mean, we bring on serious guests and we just want to get his info on Obama.
00:03:59.000We're obviously going to be exposing McCain.
00:04:00.000It really makes no difference and I appreciate your call, John.
00:04:03.000What about what he just brought up, Pat and Bill, the first part of his comment about I mean, I guess that brings us to your solutions.
00:04:14.000What the bankers are offering, where does that lead us versus what you're saying?
00:04:19.000Well, actually, they don't offer a solution.
00:04:23.000What we've got right now is, you know, our deficit's running over 400 billion a year.
00:04:27.000That's roughly the amount we pay on interest to the national debt.
00:04:32.000And so this gentleman was talking about a soft landing.
00:04:35.000And so on, versus austerity and everybody cutting back and so forth.
00:04:39.000Well, the problem is we're paying $400 billion a year to the bankers, and what we have to do is to reform the system so we no longer do that.
00:04:47.000Put very simply, we simply need to repeal the Federal Reserve Act, and rather than borrowing the money the government needs to spend, the government needs to create it itself.
00:04:59.000The principal objection to that is it would cause hyperinflation.
00:05:05.000So another law has to pass at the same time that raises the reserve requirements in banks from 10% to 100% at the same time period that we're paying off the national debt.
00:05:17.000And by the way, people love to say, you mean our government issues the money?
00:05:22.000Instead of having private banks essentially be the government, now with their new fake carbon tax credit, the central banks want us to buy our carbon credits from them, literally taxing breathing.
00:05:34.000Well, if I could quote Lincoln on that, quote, the government should create, issue, and circulate all the currency and credit needed to satisfy the spending power of the government and the buying power of consumers.
00:05:46.000The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity, close quote, Abraham Lincoln.
00:05:58.000Yeah, but they've taken that engine of creativity and empowering people and turned it into an agent of feudalism and criminal consolidation of wealth.
00:06:08.000Well, precisely, because rather than the U.S.
00:06:10.000government having that power, which is appropriate to the sovereign power, they've, by the Federal Reserve Act, they've got Congress to delegate it to private banks.
00:06:19.000It's the very banks we were talking about, the ones that own the Federal Reserve.
00:06:26.000And so wealth's being transferred to them at an extremely rapid rate.
00:06:30.000And to solve this economic problem we have, we simply have to repeal the Federal Reserve Act, or so reform it, that that power is restored to the government.
00:07:39.000When the people try to stand up against this tyranny, I heard last week a caller call in about a website, awrm.org, I believe it was.
00:07:58.000I don't have a computer, but my understanding was that there is in place legislation or some kind of whatever to go after the citizen militias and bring them before tribunals.
00:08:24.000Well, one of the things that's happened good lately is, of course, you're probably familiar with the Supreme Court ruling with respect to owning firearms at home.
00:08:34.000Are you familiar with that that just happened?
00:08:52.000My question particularly is, last week somebody called in, and I think he said it was active duty or something.
00:09:01.000Well sir, we just covered a bill earlier about the Homegrown Extremist Act where they want to monitor and try to restrict free speech, but the government is a pack of criminals.
00:09:11.000They're illegitimate and so no, I'm not aware of that, so I appreciate your call.
00:09:17.000Let's go ahead and talk to Kyle in Iowa.
00:09:33.000I've been studying hyperinflation in the Weimar Republic and Hungary and so forth, when prices were doubling literally overnight.
00:09:43.000In a situation where you're already currently holding gold, If your debt isn't dollars, and say the dollar is devalued to like a millionth of its original value, or whatever, couldn't you then in turn, assuming you're able to hold on long enough, actually pay your debt off?
00:10:04.000They're against a gold or silver-backed currency because then it can be manipulated because the bad guys hold the majority of it.
00:10:12.000I don't think our guest, and we'll hear it from him in a minute, I wouldn't imagine, because I agree with him on other issues, they seem very intelligent and informed.
00:10:19.000We're not saying gold and silver is a bad investment or a bad hedge against inflation.
00:11:00.000Right, but I'm saying, in a situation where we do have hyperinflation, even on the scale of what the Weimar Republic had to where, you know, there were 12 marks to the dollar in 1918 to 1923, correct me if I'm wrong, but wasn't that 4.2 trillion marks to the dollar?
00:11:16.000Well, I know this, Zimbabwe right now has 2 million percent inflation per year.
00:11:21.000Let me get a comment from Bill or Pat on that, both of you.
00:11:26.000If you're in debt, and you have hyperinflation, and you have some assets in other forms, like gold, silver, land, or some kind of commodity that's desirable, then absolutely you're a beneficiary of hyperinflation, at least in the short term, because you can sell those assets and pay off your debt for, in effect, pennies on the dollar.
00:11:45.000In fact, one of the motives, and one of the reasons that inflation is not purely a bad thing, It's because the United States is a heavy debtor nation right now.
00:11:56.000So as the dollar devalues because we print more and more of it up...
00:12:00.000You know, we're in effect paying off foreign creditors for a lesser amount, so there is a silver lining to it in a sense.
00:12:08.000But our balance of trade isn't good, so it's going to be a worldwide wrecking ball to economies.
00:12:46.000We're saying, though, it is too easy to manipulate as the currency, or having something based on that as the currency, because the elite know it's valuable.
00:12:57.000They've been hoarding the daylights out of it.
00:12:59.000You know, there's this interesting editorial in the London Times right after Lincoln instituted greenback dollars, which of course was a totally fiat currency, but since he couldn't borrow money to pursue the Civil War, he had to essentially use the old-fashioned way that the colonial America did.
00:13:18.000That's just print fiat currency, and it worked great.
00:13:23.000This was their editorial in the London Times shortly thereafter.
00:13:26.000If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then the government will furnish its own money without cost.
00:13:37.000It will pay off debts and be without debt.
00:13:39.000It will have all the money necessary to carry on its commerce.
00:13:42.000It will become prosperous without precedent in the history of the world.
00:13:46.000The brains and wealth of all countries will go to North America.
00:13:50.000That country must be destroyed or it will destroy every monarchy on the globe.
00:14:11.000They say it feels like the summer of 1931.
00:14:13.000The world's two biggest financial institutions have had a heart attack.
00:14:16.000The global currency system is breaking down.
00:14:18.000The policy doctrines I don't see it as a soft landing.
00:14:21.000into this mess are bankrupt no world leader seems to be able to discern the problem let alone forge a solution i mean when the mainstream media knew we were in this crisis a year ago two years ago they've just been forestalling the inevitable and i heard one of you earlier kind of imply that well they'll just give us a soft landing by doing this i don't see it as a soft landing i mean i know that they see that as their job to try to soften the blow as much as possible there is not going to be a soft landing make no mistake we are going down a rat hole
00:14:51.000world economic whirlwind that cannot be stopped the only thing that could stop it is uh the monetary reform act is is merely uh starting is having congress issue the money and uh bringing uh the fraction reserve system up to zero in in 200 percent reserve but the elite won't the elite won't allow that because that would get rid of their power right they'll fight it tooth and nail i'd They will fight it.
00:15:17.000All you have to do is read what happened during the time of Jackson.
00:15:20.000How they deliberately crashed the American economy just to try to bring the political pressure on the President.
00:15:26.000The President held firm and he beat them.
00:15:29.000In fact, they even tried to get the South to revolt that first time.
00:15:33.000But luckily he was a Southerner so he could threaten them and explain to them how they were being conned.
00:15:38.000But they were not as savvy in the South a few decades later.
00:15:58.000Pat, can you elaborate on the best case scenario, if we had good people at the helm, what they would do now to extricate ourselves from this certain financial doom?
00:16:11.000Well, again, the way the system's set up at the moment, under the Federal Reserve Act and so forth, there's no way out.
00:16:18.000There'd have to be monetary reform legislation.
00:16:23.000And, you know, the essence of it would have to be that the government creates the money rather than private banks.
00:16:30.000So you're talking about, it's just unavoidable, as Bill mentioned, you'd have to reform the Federal Reserve Act and take this power back under the aegis of the government.
00:16:40.000Otherwise, you know, ultimately, I mean, what we're doing is what American individuals have done privately.
00:16:47.000And, you know, the American government, by borrowing so much money in the midst of maintaining a war and so on, has simply run us so far into debt and borrowed so much money that, you know, the dollars collapsed.
00:17:01.000So they would have to reverse those policies.
00:17:04.000And at the present time, I have not heard A single government representative proposed anything that would cure the present problem.
00:17:15.000So it shows like this that have to educate the American people to generate at least, you know, the kind of demand I mentioned that did arise in the 30s.
00:17:24.000After all, when people get poorer and poorer, they, you know, they want to understand why and then begin educating themselves about it.
00:17:31.000And then they, when they understand what's going on, then they want the right remedies.
00:17:35.000So we've got to make sure that the remedy is available for them as this implodes.
00:17:41.000And not a false banker's remedy, because they will propose a number of them.
00:17:46.000May I have everybody's attention, please?
00:17:48.000I've come with a message of information.
00:17:54.000Do you like being a puppet for the New World Order?
00:17:56.000How do the American people know that 9-11 was a state, it wasn't engineered by you?
00:18:00.000Alright, let me, uh, John... ...educating themselves about it, and then they, when they understand what's going on, then they want the right remedies.
00:18:08.000So we've got to make sure that the remedy is available for them as this implodes.
00:18:14.000And not a false banker's remedy, because they will propose a number of them.
00:18:18.000May I have everybody's attention, please?
00:18:20.000I've come with a message of information.
00:20:20.000Clogged arteries, high blood pressure, and high cholesterol levels may not be fully detected by you, but the symptoms are there.
00:20:27.000Loss of energy, blood sugar spikes and drops, poor circulation, and irregular heartbeat are just a few of these that can alert you that something is wrong.
00:20:35.000Hear how heart and body extract is making a difference in thousands of people's lives across America.
00:21:58.000Talk about renaissance men, or I don't know, what's the term for just doing it out of the gates?
00:22:05.000Perfect, you know, first film they make, excellent film, classic, you need to have it, revised, updated.
00:22:11.000Infowars.com or by calling toll free 888-253-3139.
00:22:16.000And it has the Monetary Reform Act at the end of the film.
00:22:21.000You can also get that at themoneymasters.com, go there and get the Monetary Reform Act and also copies of the Money Masters or at Infowars.com, the Money Masters.
00:22:33.000You can also call toll-free to get the Money Masters, 888-253-3139, 888-253-3139, or write to me, Alex Jones, at 3001 South Lamar, Suite 100, Austin, Texas, 78704.
00:22:50.000Last time, I don't think we even took calls.
00:22:52.000This time we're taking calls first, then later in the next hour we're getting into all the issues they want to cover and other facets of history and ways to protect yourselves and their take on things.
00:24:13.000This was an editorial in the London Times.
00:24:16.000It was right after Lincoln instituted greenback money, which is basically government-issued money, just like we propose.
00:24:22.000This is what it said, quote, if this mischievous financial policy, which has its origin in North America, shall become endurated, which means perpetuated down to a fixture, then the government will furnish its own money, oh gosh, without cost.
00:24:37.000It will pay off debts and be without debt.
00:25:47.000These are just a few of the hundreds of powerful documentary films and books available at truthnews.us and prisonplanet.com.
00:25:55.000When you visit prisonplanet.com, you can connect to our amazing online store.
00:25:59.000Whether you're looking for survival and wellness products like Berkey water filters, Alright, Jones.
00:26:02.000or you would like a book on the history of the Federal Reserve, we've got the most well-researched and documented titles, all available at PrisonPlanet.com.
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00:26:16.000The Late Great USA, America, Freedom to Fascism.
00:26:20.000These are just a few of the hundreds of powerful documentary films and books available at TruthNews.us and PrisonPlanet.com.
00:26:27.000When you visit PrisonPlanet.com, you can connect to our amazing online store.
00:26:31.000Whether you're looking for survival and wellness products like Berkey water filters, or you would like a book on the history of the Federal Reserve, we've got the most well-researched and documented titles, all available at PrisonPlanet.com.
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00:26:54.000Knowledge is power and the information you need.
00:27:05.000Imagine my frustration over the years, knowing who the New World Order is, knowing their fraud, how they got control of the world by buying off politicians and having them tell the public that their Federal Reserve, their Bank of England was the government when it wasn't.
00:27:55.000Where they can, these are controlled, disciplined psychopaths, and it's just a wonderland.
00:28:01.000And then they've dumbed the public down, the public's running around drooling, literally, having no idea what's going on.
00:28:06.000If we are unable to warn the people about what's happening, they're going to do their purges here.
00:28:13.000You know, we've got this light at the end of the tunnel that our guests are offering us, and it's a great solution.
00:28:18.000Monetary Reform Act they're proposing, and is well-researched and reasoned, and will work historically in the context of our current problems we face, current challenges.
00:28:29.000Or you've got the other side of the tunnel that is a freight train going to roll over you, going 100 miles an hour, and where they bring in a police state to protect their criminal consolidation.
00:28:45.000The elites would rather have a giant mass of third world slaves than have a free market good system that's based on just weights and measures.
00:28:55.000We're going to continue with Todd, Rick, Bronco, and others, but let's start getting into any areas that we've mentioned, because I've talked to you all, Fair Pat, and some you, Bill, areas that both of you think are important.
00:29:08.000I mean, you talked about individual things families can do now to protect themselves, Pat.
00:29:16.000Not just your Monetary Reform Act, but how do we help individuals now with what we're facing?
00:29:24.000Well, to me, you've got to draw a sharp distinction between the fake solutions that are out there and the precise solution that we have developed.
00:29:41.000This can be instituted even in a matter of weeks.
00:29:44.000We say the transition period would take a year, but that's just not to alarm people.
00:29:50.000In fact, you could institute it very, very quickly and put the country instantly on a firm financial footing and put a stop to all this stuff.
00:29:59.000You know, I just want to read one more Lincoln quote.
00:30:02.000About five months from the end of his life, when he saw how the bankers were attempting to destroy his attempts at government-issued money, he put it this way, I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.
00:30:21.000An era of corruption in high places will follow.
00:30:24.000The money powers of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in a few hands.
00:31:19.000Well, I think Bill's really gotten to the essence of this.
00:31:22.000The separation of powers was to do precisely that.
00:31:25.000Because, you know, we know Lord Acton's quote that all power corrupts and absolute power corrupts absolutely.
00:31:31.000And so, you know, the founding fathers of the United States being quite well aware of that and having witnessed the negative effects of the concentration of power in England through the Bank of England, which they were well aware of, that was the vehicle for it.
00:31:45.000They divided these powers, you know, there were senators and congressmen and three branches of government and they split it all up so that it couldn't be aggregated.
00:31:54.000That was to bind the hands of the avarice that was in the average man.
00:31:57.000They understood that to actually use the corruption and wickedness fighting with each other to make the object where the elites would always be fighting with each other and it would take so much time to get control that people would die off and so it was kind of a stopgap.
00:32:14.000That's exactly correct, but they didn't fully understand money.
00:32:19.000They simply didn't understand monetary theory well.
00:32:22.000So there's some fatal flaws that weren't addressed as well as they could have been in the Constitution.
00:32:30.000And that weak point is precisely where the bankers have focused.
00:32:34.000They originally used Alexander Hamilton, who was their agent in the United States.
00:32:43.000And back then, you know, we mentioned less than five of these struggles against these national banks, these central banks in the United States.
00:32:53.000Going back early in our history, and the most recent one, of course, being against this cartel of banks called the Federal Reserve System, which basically united the major banks into a cabal to control the economic power of the country.
00:33:09.000But that's the way they got around this separation of powers.
00:33:29.000I would just urge that people beware as the political will amongst the populace begins to arise sufficiently so that politicians know that something radical must be done.
00:33:45.000There are already solutions that they, I'm sure, have as contingency plans that are waiting in the wings that they're going to roll out.
00:33:55.000I believe one of those is a return to a gold-backed money, and that's a false solution.
00:34:01.000Those people who propose a return to a gold-backed money typically speak in generalities, do not speak in specifics.
00:34:09.000Because there really is nothing specific that you can do.
00:34:13.000Gold-backed money failed during the Great Depression.
00:34:20.000The problem is we have to democratize money as much as possible, which means it can only be issued by the federal elected officials closest to the population.
00:35:14.000Your phone calls are coming up here in just a few minutes.
00:35:18.000I want to debate some of the different systems of monetary reform.
00:35:22.000Now, the public tends to think that monetary reform, that the word reform itself is good in and of itself, not that reform just simply means to change the form of.
00:35:37.000And if you jump off a cliff and bash into a bunch of pieces at the bottom, that is a reform.
00:35:44.000The reform that I believe is going to be rammed through, because they've said it's the one they're planning, is a remonetize the dollar under a North American larger system, tying it into the euro, and then a world central banking regulatory expansion of power.
00:36:02.000They're now saying this, as we said years ago they would, it's my prediction, not hard to predict, that they would say, we've had these problems with bad lenders, give the central banks, the big banks,
00:36:12.000The power to go shut down smaller banks and control other groups and different types of lending organizations and we'll fix all the predatory lending and they run lots of PR pieces bashing little money cashing places and you know smaller loan sharks but never talking about themselves and that they're going to have a worldwide system
00:36:34.000Where it's a basket of different scams they run, but where they don't even have a world currency at first, they just set in regions what they say that currency is worth, and then they inflate or deflate, but it will always be inflate.
00:36:51.000uh... at their leisure for whatever helps them squeeze the domestic population but also to set the foundations of a global tax uh... and a global regulatory system while they have the regional blocks they're gonna make you and they said this by carbon credits on what you exhale even the new york times said a tax on breathing was the headline a year ago and they're gonna tax you there your car your home new environmental enforcers a new environmental guild uh... to carry all this out so i see that
00:37:23.000Now, it is true that Ron Paul, who I agree with on 98% of things, you know, he has the kind of the Austrian school and believes in gold and silver because you can't manipulate it.
00:37:33.000And he says, well, it'll always be manipulated if you don't.
00:37:36.000The problem is, as our guests say, they, the globalists, own most of the gold and silver so they can manipulate that too.
00:37:42.000I agree with the power of a fiat currency, but an educated public about it, transparent government, Getting money out of the equation where it's just an agreed-upon mode of exchange to accelerate true commerce and business and free market, instead of always allowing whoever it is to manipulate and control the fiat currency in private hands.
00:38:03.000So if you want to talk about Ron Paul's views and disagree with those, that's fine, or add to it.
00:38:08.000I just think that we tend to get in a fight, you know, monetary Researchers and reformers arguing about the gold system.
00:38:28.000We have seen them announce it is going to be the regional system pegged and controlled by a new global regulatory authority with the private banks, not just controlling government and issuing currency and credit and liquidity, but now becoming world government and then, as I said, phasing in the global tax through the carbon tax and also carbon credit and trading.
00:38:50.000I want to get your comment on that, Bill, and then Pat.
00:38:52.000Point out that they have to disguise it so that it doesn't sound like a world currency.
00:39:04.000Nations in general, especially in America, they will have to disguise this tremendously.
00:39:10.000That's why I think ultimately this will fail and they'll have to go to some sort of gold I mean, we're really debating what the basis of the monetary system is not nearly as important as other basic reforms, and I'd like Pat to speak to that.
00:39:28.000Well, I don't know that I'm the expert, but it's certainly true that the nature of the reserve, whether it's gold or silver or some other commodity or fiat, that doesn't matter nearly as much as who Gets to create the money that that base is used for as a base.
00:39:47.000So if 90% of the money is created by private banks, and it's a fiat currency, that's no worse or no better than if they create 90% of the money if the base is gold.
00:39:59.000So a lot of people who want to put in a gold or silver or some other commodity as a monetary base don't understand that that's only a small part of the problem.
00:40:13.000I don't want to be totally against gold and silver in every respect, because as you mentioned earlier, Alex, private ownership's a good thing, because your U.S.
00:40:22.000dollars you're holding in your savings account are worth less every day.
00:40:25.000So on a private basis, it's a good form to have some diversification into gold, silver, and even other commodities, for that matter.
00:40:33.000But the fundamental reform that has to happen is fractional reserve banking has to be abolished.
00:40:38.000And all that really means is private creation of money has to be abolished.
00:40:42.000And another example of that isn't just fractional reserve banking, it's banks or even credit card companies selling as securities bundles of credit card debt.
00:40:53.000I mean, that's another form where it's not just classical banks doing it now, it's just all sorts of groups running around doing it, correct?
00:41:17.000They let you incrementally add to your credit card debt, and they simply create that.
00:41:22.000You know, the government is involved in any way, so that should be abolished as well.
00:41:27.000Ultimately, money must be created by the people.
00:41:30.000Through their representatives and not by these private bankers who are concentrating all wealth in their hands.
00:41:37.000You know, I mentioned last time the UN has estimated repeatedly each year how many people own as much as the poorest half of the world, so roughly 3 billion people.
00:41:46.000The number's gone from roughly 350 people a decade ago to around 200 people now own as much as 3 billion, the 3 billion poorest.
00:41:56.000That has to be stopped and the vehicle that's causing that is Private creation of money.
00:42:02.000Well, I agree with you, but earlier you were talking about how you have this cabal or you have this combine.
00:42:14.000What was the particular term you used for the private group of banks that are the Federal Reserve?
00:42:24.000And imagine how dumb the elite think the general public is that in college and in school and in life, still, If you say the Federal Reserve is private and is a cartel, when they describe themselves as a cartel when it's founding, that you're told it doesn't exist and Rush Limbaugh says it doesn't exist.
00:42:45.000Now, the good news is most people now know that was a lie and a fraud, but that's how masterful these people are, is that we've now had a 98-year debate about whether it's private or not.
00:42:59.000When it was always private, instead of, do we want private banks controlling the issuance of currency and credit, which then allows them to buy up the whole economy?
00:43:08.000I mean, this is like saying, can Alex Jones call himself Federal Reserve Bank of Austin, Texas, and then I'm the only one you can get money from?
00:43:15.000I mean, I would obviously take over the town in a matter of years, and they have.
00:43:21.000You know, so many listeners email me and say, why does this even matter?
00:43:23.000Folks, this is carnival show charlatans that have done all of this.
00:43:33.000You throw back the curtain and you see, you know, the reality is there's this rather weak, ignorant man who's really manipulating the whole system with smoke and mirrors.
00:44:14.000How many of them are less productive, and so on?
00:44:16.000In other words, we're all working harder, we're producing more and more, yet we're poor.
00:44:21.000The average American is poorer than 20 years ago, despite all of our great natural resources and so on.
00:44:27.000We have not had natural disasters that account for the economic situation we find ourselves in now, or this gradual erosion of the middle class.
00:44:37.000We're becoming like the Mexicans, where they have triple the resources the U.S.
00:44:46.000If I could break in, what is the most outrageous single point that people could take away here is that 99% of the population does not realize that when you go to your bank and you take out a loan Which is 90% of the money in circulation in the United States.
00:45:04.000That money was created out of nothing.
00:45:06.000They have the monopoly power to just create it out of nothing and then have the gall to charge us interest on it.
00:45:49.000So the only place you can get the truth about this matter It shows like this one on the internet and so forth, but most people take all their information from either the And now we're kicking the butt of the mainstream media, so the feds are coming out and saying we're going to end net neutrality and basically shut down the old web, and you're not going to have websites, you'll have a few thousand establishment sites that you can visit.
00:46:18.000We've got a break here, you can take a few minutes off, and we're going to come back and talk more about this, and take calls at 1-800-259-9231.
00:46:37.000We'll be right back. - Did you know the accumulation of acidic waste in the body is the single largest cause of disease, such as cancer or diabetes?
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00:48:45.000Now, from the makers of Loose Change, the most downloaded film in internet history, comes the long-awaited release of Loose Change Final Cut, an entirely new two-hour film that completely destroys the official fable forever.
00:48:59.000Loose Change Final Cut hopes to be a catalyst for a new independent investigation in which family members receive answers to their questions and the true perpetrators of this horrendous crime are brought to justice.
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00:49:12.000From hijackers being trained at U.S. military bases to bombs in the buildings, Loose Change Final Cut is the one 9-11 film everyone must see.
00:49:21.000Secure your copy of Loose Change Final Cut today at Infowars.com or PrisonPlanet.com.
00:49:26.000While you're visiting the online video store, be sure to check out the huge discounts on films like Endgame, Blueprint for Global Enslavement, America, Freedom to Fascism, and hundreds of other titles.
00:49:36.000We're in a no-holds-bar information war.
00:49:39.000Truth is our weapon, and PrisonPlanet.com has the tools you need to take the fight back to Big Brother. - Hi.
00:52:00.000And when you read the Federal Reserve Information, the Club of Rome Info, the Bilderberg Group, Trilateral Commission, it's all, this is for the administrative convenience of the international banks.
00:52:53.00099% of the population, I'm telling you right now, does not realize when they go to the bank and take out a loan where that money comes from.
00:53:02.000They have the right to just make the money up and loan it to us at interest.
00:53:07.000And that's why they want a worldwide cashless society because then they're going to outlaw barter and other forms so that they can really reduce money supplies and really rape us.
00:53:26.000He said, the real truth of this matter is, as you and I know, that a financial element in the large centers has owned government ever since the days of Andrew Jackson.
00:53:35.000So that goes to Pat's point about ten minutes ago.
00:53:41.000Yeah, one of the points Milton Friedman made about Why is it that we should advocate, and Alex, you pointed out, well, if the control of the bankers is so great, why discuss these reform measures and all?
00:53:55.000One of them is, he said, it's worth discussing radical changes or reform, not in the expectation that they will be adopted promptly, but for two other reasons.
00:54:05.000One is to construct an ideal goal so that incremental changes can be judged by whether they move The institutional structure toward or away from that ideal.
00:54:15.000So there he's saying, you know, it may not happen in a huge reform act.
00:54:21.000It may be many little acts that are in response to public demand.
00:54:25.000The other one is, the other reason he says is very different.
00:54:27.000It is so that if a crisis requiring or facilitating radical change does arise, alternatives will be available that have been carefully developed and fully explored.
00:54:38.000and that relates to what else you said, that they already have false solutions prepared.
00:54:43.000So when things go awry, we're going to hear from the mass media and their experts a lot of false solutions that don't address this problem.
00:54:52.000But Friedman's saying, no, let's make sure that we do know what the proper solution is so that when the time is ripe, we know what to do.
00:55:13.000I mean, they are just absolutely on power trips.
00:55:17.000And Bill, the squeezing has only begun.
00:55:21.000Is it going to be hard for you to sit there and watch the people carrying out the execution of our economy, posing as saviors, being worshipped on television?
00:55:32.000Well, I've been watching it for 14 years now.
00:55:34.000It's just amazing to me that it's taken so long to actually get to this point, but I had no idea that they could really pump so much money into the system before it collapsed, and so that's why it's taken so long.
00:56:38.000I'm here for TheInfoWars.com audio streams, and the people watching on PrisonPlanet.tv, the AM and FM listeners and Shreve listeners, do not get to hear these behind-the-scenes interviews, but it's just too important to not waste time.
00:56:50.000Let's go ahead and talk to Todd, Rick, Bronco, and others.
00:56:54.000Todd in Ohio, you're on the air with the makers of the Money Masters.
00:56:58.000Yeah, I have two questions for Bill and Pat if there's time.
00:57:02.000First question, I've been telling people for years that we need a debt-free fiat money system.
00:57:08.000Now the objection that I usually get is that the government is so untrustworthy that if you gave them this power that within a few years you'd have runaway hyperinflation and all these horrible things would happen.
00:57:19.000But they have given the power to their private banker body so it's even worse with no transparency.
00:57:50.000Yeah, well, I was going to say, the response I usually give to that is that the fact that the government is currently untrustworthy.
00:57:59.000That no more justifies keeping money issuance in private hands than it does turning the power to declare war over to private companies like Halliburton and Blackwater.
00:58:10.000But what it does demonstrate is that we also need election reform.
00:58:13.000So my first question is, would you agree that in order for monetary reform to be implemented properly, that we as a people must insist upon a simultaneous reform of our election system?
00:58:27.000Well, they own the electoral process, so I mean, monetary reform would take care of that.
00:58:32.000Whether or not you have to have the cart before the horse, I don't know.
00:58:35.000I'd leave that to Pat's better judgment.
00:58:39.000Well, I mean, obviously both should be worked on simultaneously.
00:58:43.000There's no reason to focus exclusively on one type of reform when more than one is needed.
00:58:50.000You know, anything that will make it a more democratic process, that's fine and we should work for that.
00:58:54.000At the same time, we should work for monetary reform.
00:58:58.000You know, if I can say something else, in a way this boils down to whether or not you are a believer in democracy or plutocracy.
00:59:07.000If you believe in democracy, you have to believe that the electoral process can work correctly.
00:59:15.000And so therefore, the elected representatives of the people should have The most important power of government, according to Lincoln, namely the monetary power, in their hands.
00:59:25.000If you don't believe in elected government, then you believe in plutocracy, which is the current system whereby the bankers make their own rules about how much money they can create.
00:59:37.000Yeah, there's the other, another element of it, too.
00:59:40.000It's, you know, not all politicians, obviously, are equally corrupt.
00:59:44.000I'll tell you what, Pat, stay there, stay there.
00:59:45.000We're coming back out to the main audience.
01:01:08.000But the problem is, if they come up with that monetary reform, Of now, oh, let's get off that and go to this, that puts us right back under their control.
01:01:17.000Now, I disagree with Bill Still, who's a very smart guy.
01:01:22.000I mean, certainly he's right about that and they could propose it, but I have already seen them propose the regionally controlled, with a world authority over all banks and financial institutions, and to introduce you to the tax, Oh, it's a carbon environmental tax that they don't want to call a tax, but you buy it from the central bank.
01:01:45.000The next big global bubble that will be the final bubble is controlling and taxing all carbon that is put off by all carbon-based life forms.
01:02:14.000I mean, try to finish up your point of what you're trying to say.
01:02:17.000Well, actually, I'd finish my first point.
01:02:20.000My second point has to do with inflation, which you talk about a lot.
01:02:24.000And I often hear it implied, though it's never really stated in so many words, that the problem with our current dollar crisis, monetary crisis, is that we have too much money chasing too few goods.
01:02:36.000Well, I happen to have a copy of the Truth in Money book, which is quoted in the Money Masters documentary.
01:03:13.000And the second reason... Yeah, but that's why they always want more debt!
01:03:16.000Right, but the interest, the money needed to pay the interest is never created.
01:03:21.000And so if everyone got out of debt, all the money supply would vanish, but there would still be billions and all this compounding interest debt.
01:03:30.000So we have a built-in shortage of money, and so that's why I'm always arguing with people that hiking the interest rate is a false solution, because that's just going to drive the wedge even further between the outstanding interest debt and the money that's out there to pay it off.
01:03:54.000So, again, what needs to be done is that our money needs not to be created by private banks that we must borrow, so that it's created with an equivalent amount of debt, for which, you're also correct, there isn't also money created for the interest.
01:04:11.000So, right away, there's a shortage of money in the general economy, because it's all bearing interest.
01:04:21.000Yeah, so we have to abolish that system, and it has to be created not as debt, but as the act of the sovereign state, and used simply to pay for the goods and services the state needs for the benefit of the common good for the general population.
01:04:42.000Well, one last point if there's time, in case you didn't know, somebody mentioned the Wizard of Oz earlier, I think it was Bill.
01:04:48.000There's a book out called Web of Debt by Ellen Brown, came out last year, and in that book she talks about how the Wizard of Oz, the original book that was written, not the movie, was actually an allegory for monetary reform.
01:06:12.000Yeah, well, for those who think that there's so much gold in the system that it can't be controlled, you know, back, what, in the early 1970s, the Hunt brothers, they were not even major players on the New York scene.
01:06:25.000The newly created electronic trading to corner the silver market, which is much more vast than the gold market.
01:06:31.000Two, you know, smaller fish down in Texas were able to corner the market.
01:06:36.000They had to change their exchange rules to beat them.
01:06:39.000So don't tell me that it can't be cornered, these commodity markets can't be cornered by wealthy individuals.
01:06:48.000And again, for PrisonPlanet.tv viewers, here is the film, The Money Masters, and inside you have the two discs, close to three and a half hours.
01:06:56.000In there, there's a nice little booklet that comes with it.
01:06:59.000Quite a price, $19.95 at Infowars.com for the two-CD set, the three-hour, 23-minute film in the booklet.
01:07:08.000I just want you to have this, and folks, of course you can find some scratchy copy on the web, and that's great for folks that aren't in contact with the DVD.
01:07:16.000These are great films, like Endgame, or Terror Storm, or my new film that I just put out that needs to be seen.
01:07:23.000It's so good on the DVD, Truth Rising, or the film that these guys made, The Money Masters.
01:07:29.000I mean, you also need to support those that are putting out this type of information.
01:07:33.000So, go to InfoWars.com, get the DVD today of the Money Masters.
01:07:48.000Okay, that was just a wicked static interruption there.
01:07:51.000Now that's the way phone systems sound.
01:07:53.000The Telos, the classic, one of the most popular phone system in talk radio, to let you know, because they're designed for fans of talk radio, it goes... When you're actually... That's what it did.
01:08:05.000Yeah, that's just a standard sound that a Telos system in talk radio makes.
01:09:27.000Well, yeah, and never has we had such a chance, you know, political pressure built at such a point where reform is now for the first time possible.
01:09:47.000I went out and spoke to a conference of his in Phoenix about a year ago, specifically because I thought he was going to be there so I could talk to him personally.
01:10:04.000So when he really does actually come to an event, a lot of folks don't show up thinking, well I thought it was another one of the events where they just claim he's going to be there.
01:10:10.000Let's talk some about the film in detail, because we mentioned it's a great film, but for those that haven't seen the three hours plus, and just don't know.
01:10:20.000This is a whole history and all the incredible interviews.
01:10:23.000Tell folks about the basic rundown of the film, either one of you, Pat or Bill, and then break down some of the people you interviewed for this.
01:10:36.000Well, it basically goes through the history of fractional reserve banking from time immemorial, from the time of christ actually is when we start And it just builds a case.
01:10:53.000It's the same thing over and over and over again through history.
01:10:57.000And then when we get to American history and you can start quoting Franklin and Jefferson and Madison, it's the same thing.
01:11:04.000Eventually these people, there are people in every generation who figure it out.
01:11:10.000And it's the same thing, and it just builds, I believe, an indisputable case for what we're trying to put across, that the only solution for this problem is to take the power to create the quantity of money in this country away from the private bankers, which is the situation we have today, and place it into the hands of the Congress of the United States.
01:11:31.000Yeah, going back even to the time of Caesar, there were, you know, there were patricians who, as Bill said, they understood That if they could get the power to create money, I mean, you know, there's even fairy tales about it, like the goose that laid the golden egg, you know, and we've talked a minute ago about the Wizard of Oz and so forth.
01:11:52.000It's people understand that it's not a hard concept.
01:11:55.000If I'm the only fellow in the country that can create money, and I can create it on a keyboard or with a printing press, then I'm going to ultimately control the whole country.
01:12:03.000So if what you're after is power, Then that's the vehicle to do it.
01:12:07.000And people have understood this over and over again.
01:12:08.000As soon as they understand it, they don't want anybody else to understand it.
01:12:11.000Well, tell the viewers, some of the people that... In fact, since you raised that, as soon as people understand it, they don't want anybody else to understand it.
01:12:19.000That's what's so ridiculous of all the founders and all these different presidents and Lincoln and Jackson and wars and editorials and the National Banking Association a hundred years ago saying, too many Americans read, buy up.
01:12:34.000I mean, it's all public to anyone who's informed, but then we have a population a hundred years under their brainwashing, who can't even find Iraq on a map, but say, kill them all.
01:12:45.000They're the target of these bankers too, and these bankers got sold on eugenics a hundred years ago, so they're carrying that out everywhere.
01:12:51.000That's another issue I cover in Endgame.
01:13:35.000We've got to let some dirtbag scammers run and rule and make us slaves.
01:13:40.000I know a lot of listeners are just saying, you're laughing right now, a lot of neocons are listening, a lot of liberals, you just can't wake up, the government's not your mommy and your daddy, and you've got to wake up that the Federal Reserve is at your pally, wow, and you're just not going to figure it out.
01:13:54.000And so I just want you later to know that we, I guess, You know, sometimes I think we don't have hope, but we actually do have a lot of hope.
01:14:03.000Does it ever make you want to tear your hair out, Bill and Pat, to know how obvious and simple this is, but that business people I talk to, maybe you run into it, just can't grasp it?
01:14:15.000Well, actually, business people often do when you explain it to them, but, you know, again, this money has been used to control the media, and rather than reading books as we did a hundred years ago in this nation, And, you know, reading perhaps hundreds of books, if not thousands in a lifetime, most of the information we now get is from, you know, three or four news, massive news media.
01:14:38.000So the means of controlling the information to the average American has been radically made easier for the bankers.
01:14:48.000And that's one of the things that, you know, we have to deal with now is that the media is so limited.
01:14:55.000Unfortunately, again, there's these alternative media, but they reach, obviously, a smaller percentage of the people.
01:15:03.000That's why more and more I realize, as I said 12 years ago, pirate FM, as it's known, micro-FM, you know, 10 watts, 100 watts, picking up satellite feeds of shows like this.
01:15:14.000But it's a handful of people that are willing, even though most of the time you never even get a civil letter from the FCC, as long as you're not interfering with other stations, especially in rural areas, it's very easy to They're not willing to step up, and they don't understand the animating contest of liberty.
01:15:30.000It's also exciting and fun to stand up against this scum.
01:16:09.000You'd think you're not on the dollar, you're on the loonie, so why has it gone from below the dollar past the dollar, you know, parity, and now past it?
01:16:18.000About 70% of the fuel increase is dollar devaluation, and the rest is speculation on dollar fears.
01:16:24.000You see, worldwide, everyone's rushing into commodities.
01:16:27.000Because the world reserve currency is dying and everybody's trying to quietly get out of their dollars before it collapses.
01:16:33.000And so that's the main thing driving that and that's what's hurting your economy.
01:17:04.000They were the men interested in the establishment of the gold standard and the right of the bankers to manage the currency and credit of every nation in the world.
01:17:11.000With Lincoln out of the way, they were able to proceed with that plan and did proceed with it in the United States.
01:17:17.000Within eight years after Lincoln's assassination, silver was demonetized and the gold standard money system was set up in the United States.
01:17:28.000I want to let you talk some more during this behind-the-scenes segment only for InfoWars.com audio stream listeners and PrisonPlanet.tv viewers.
01:17:37.000Okay, we're going to come back in the final segment for everybody else, but this is too important to skip.
01:17:40.000Get over there right now to the InfoWars.com streams, folks.
01:17:55.000I've seen your documentary, your new one.
01:17:58.000I was just going to state the fact that I remember in the documentary it mentioned Nathan Rothschild, and he said he doesn't really care who the political leaders of a country are as long as he's in charge of the money issue.
01:18:40.000But listen, if you appreciated the Money Masters, if you appreciated Truth Rising, well, you didn't give me your review of Truth Rising, what did you think of it?
01:19:08.000I was just going to ask you, what other movies are you coming out with?
01:19:11.000What other documentaries are you working on?
01:19:12.000I'm doing one on the mass extermination program from All Their Documents, kind of an in-game two, I'm not sure, where we just show all the chemical, biological, radiological, declassified thefts, grabbing foster children, frying them in radiation chambers, murdering Native Americans, sterilizing them, sterilizing Native Americans, killing, it's in your news, killing young children on the Native American reservations under eugenics operations through the church in Canada.
01:19:37.000Just so people understand that the bankers... Do you expect me to talk, Mr. Bond?
01:19:56.000Showing how they killed him, why they did it, and that goes into the bankers and the Federal Reserve as well, so that's kind of a Federal Reserve slash JFK, but inter-JFK, really kind of Federal Reserve.
01:20:06.000But that's cinema verite, like Truth Rising, no voiceover, no nothing, just pure film, like you just saw with Truth Rising.
01:20:15.000But thank you so much for the call, my friend.
01:20:20.000Okay, gentlemen, we're going to come back to the main broadcast with only a few minutes left, and I appreciate you spending an hour and fifty minutes with us today.
01:20:27.000In a few months, I want to get you back up again to track what's happening with the economy, and I can only commend both Pat and Bill.
01:20:35.000Gentlemen, I hope you've enjoyed talking to our audience.
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