Comments on: Understanding The Golden Rule

By: dougg

dougg — Fri, 06 Feb 2009 22:09:21 +0000

I wish I saw this video in 2007! On 2/6/09, hind site is 100% accurate. Right now I feel we are on a cusp, with any disaster sending us down farther. Will the Obama stimulus package turn this depression into a recession? Do I bet on America (stocks recovering) or against it (shorting Treasuries)
Things are so out of control I am not sure the Fed is still running the show. Most major banks are or will be insolvent after creating derivitive securities based on sub prime home loans. Congress helped this along by making no doc, no down payment loans available.
No one knows what these financial instruments are worth, much less understand them. The banks sold these instruments, now show losses on the books and are asking for taxpayer bailouts. The US is issuing Treasuries to make these loans inflate the credit and money flow. Classic privatise profits, publicise losses.

By: Bloggers Committing Brand Hari Kari

Bloggers Committing Brand Hari Kari — Fri, 24 Oct 2008 00:01:06 +0000

[...] that said and returning to your once wishful private blog much of what you have been writing about in the past little while is enough of a borderline controversial type of [...]

By: Philip Kindred

Philip Kindred — Mon, 20 Aug 2007 20:59:54 +0000

Okay gentlemen. As an academic and a former banker, let me help you cut through some of the nonsense on this contentious issue: Mr. Pirillo’s revelation is . . . essentially correct.

Upon discovery, so many remain doubtful because of one simple fact:
It seems so simple.

i.e., IF it were this simple, why then is this view such a revelation?
Answer: deliberate obfuscation. No, I won’t require that you look that word up. It means: shrouding, covering up, to conceal, veil, mask, shade, becloud, cloak, befog . . . get it?

And among these efforts of obfuscation you will find . . . stay with me, please . . . the very texts that “the aroused” would recommend that you inform yourselves with. I won’t deign to list them all but suffice to say they are more than half the sources cited so far in this discussion, and I am including those sources cited by Mr. Pirillo. Keep this in mind: it isn’t by accident that something so simple has been relegated to the dusty shelves of “conspiracy theory.”

Please . . . for a clear-headed and straightforward treatment of the base issue, please consult an esteemed economist representing this viewpoint. Shockingly – this modifier is used in jest – there is an entire academic foundation representing this viewpoint: the Austrian school of economics, virtually at mises.org and geographically not in Europe, but Alabama. Oh! Lest you now jump to think that this is a Southern conspiracy let me recommend a leading voice of this school who made his academic home in New York. Do please consult a slim, readable volume: Murray Rothbard’s “Case Against The Fed.”

For those in need of requisite hyperbole: “One fourth the length, bigger type, and faster turning pages than any Dan Brown novel!!”

Here you won’t find tales of secret rituals and eugenics masterminded by descendents of Knights Templar, though I am not here asserting that those subjects are (entirely) spurious. Also here you won’t find obfuscating (. . . get it?) econometric models illustrated by complex charts which require an intellectual slave to submit to his monetarist master.

No, here you will find a meticulously researched primer in banking that was predictably omitted from your basic business education, should you have tried that path. Using no more than simple arithmetic and models no more complex than “T” tables, Rothbard reconstructs basics of money, banking, and history of the factions who created the Fed. Ever practical, Rothbard ends with a common-sense scenario for what is, to the obfuscated, the most Unthinkable Act: dismantling of the Fed and return to “hard” money.

Summary: do please file away your conspiracy theories under “For Future Reference” and practice some Xtian live-and-let-live for our closeted leaders, blowing off steam as they cavort about their groves bohemian-style. Don’t concern yourself with that, for now. Why obfuscate?

Just get the facts. I recommend Rothbard’s “Case Against The Fed.”

By: george washington

george washington — Mon, 30 Jul 2007 12:24:31 +0000

I HAD A TAPE CALLED THE FED ,IRS AND FEDERAL RESERVE A LEGACY OF LIES AND DECEPTION;GOOD STUFF. ITS HARD TO FIND AN OBJECTIVE MEDIUM;TO HELP PEOPLE UNDERSTAND,TV WOULD BE A GOOD ONE; BUT A GUESS ULTIMITLY TV IS OWNED BY BANKS.IF YOU COULD GET CONTROL OF TV YOU COULD INFLUENCE OBJECTIVE CONSCIENCE THOUGHT INSTEAD OF CORP SUBJECTIVE THOUGHT SO TURN TV OVER TO THE PEOPLE BY THE PEOPLE AND START INFLUENCING ARE BEST INTERESTS

By: John Doe

John Doe — Wed, 18 Jul 2007 18:51:09 +0000

Chris,

You might also want to watch the following films:

ZEITGEIST, The Movie – Official Release – Part 3 of 3
http://video.google.com/videoplay?docid=497251819335380093

America: Freedom to Fascism
http://video.google.com/videoplay?docid=-1656880303867390173

By: FatsLeroy.com : Understanding The Golden Rule

FatsLeroy.com : Understanding The Golden Rule — Wed, 18 Jul 2007 04:36:27 +0000

[...] [ Chris Pirillo ] [...]

By: Andrew

Andrew — Mon, 16 Jul 2007 17:43:24 +0000

Money is *not* the root of all evil. It’s LOVE of money that is more acurately the root – or lack of respect for money.

Money is simply a commodity – the commodity by which we get paid and by which we buy things. How is that evil?

What is sad is the way those who need money are so willing to blame money (as though IT did something) when in fact, the ones to blame are the those who are elected (through voting or by BUYING their goods).

If everyone stopped buying McDonalds, would you need a Big Mac?
If everyone stopped buying guns, would you need bullets?

Money is the commodity by which you choose, directly or indirectly, what you support.

You volunteer your time? You are taking the money that you would have otherwise earned and putting it to something you care about. You donate to charity? The same rule applies.

So what do you spend most of your money on?

If everyone stopped paying taxes, what would happen?

By: Conservatives Under New Thinking » Two Parties? What Two Parties?

Conservatives Under New Thinking » Two Parties? What Two Parties? — Mon, 16 Jul 2007 11:10:24 +0000

[...] Chris Pirillo, who used to be on Tech TV, has a post that it somewhat unusual for him. It’s pretty much an indictment of the current Federal Reserve System, and an indictment of the two party system. While some may say that it’s a post best reserved for the black heliciopter crowd, the main point of the post is to use the little grey cells, and think for yourself. I couldnt agree more with that. Posted by admin [...]

By: Evelyn Rodriguez

Evelyn Rodriguez — Mon, 16 Jul 2007 05:16:58 +0000

That was scr*wed as in f*cked over. BTW, just reading fascinating case study yesterday about Worgl, a small Austrian town during Depression that revived its town through social capital/local currency. (See: http://www.westsong.com/snv/localcurrency.html – you can also google Worgl relief money, and combinations like that, etc.)

By: Evelyn Rodriguez

Evelyn Rodriguez — Mon, 16 Jul 2007 05:09:00 +0000

Wow, Chris, this is fantastic. I’ve been thinking lately along same lines myself too about money reform especially in regards to fact that a huge part of disposable income goes to the mortgage companies, banks, utilities every month. Lately, musing local currencies more and more since witnessing how insurance companies, mortgage companies, out of state banks, landlords, developers et al are screwing many folks in New Orleans. Most people are beholden to a bank, and banks aren’t very flexible.

Friday, Miss Rogue gave me a copy of “The Gift: Imagination and the Erotic Life of Property.” I’ve been thinking about self-insurance cooperatives, etc too. Anyhow, next time you’re in S.F. we ought to chat about this currency project I’m working on. Maybe I’ll blog more about it, but trying to keep it somewhat underground too.

http://www.twitter.com/eve11

By: DarkAlly

DarkAlly — Sun, 15 Jul 2007 12:52:19 +0000

This scares me almost as much as global warming…I feel this would be harder to fight than changing people to be more conscientious of the environment.

By: Kolin

Kolin — Sun, 15 Jul 2007 06:21:53 +0000

Yes, I agree, money by allmeans control all of us, and many can do nothing to get out of poverty but die…

By: Ben Fulton

Ben Fulton — Sun, 15 Jul 2007 02:00:37 +0000

Ah, the conspiracy theory du jour.

By: James Robertson

James Robertson — Sat, 14 Jul 2007 23:44:44 +0000

Thank you for publishing this article, I probably wouldn’t have paid that much attention without the video. I’ve always wondered what’s to stop a corrupt country from printing as many bank notes as it wanted, this has partly helped explain what goes on.

By: francine hardaway

francine hardaway — Sat, 14 Jul 2007 21:52:01 +0000

Of course money has always been known to be the root of all evil, and you can tell that money is concentrated in few hands by how rich the hedge fund managers. I do believe we shouldn’t have paper money, and we should not let the government borrow. If the government couldn’t borrow, we couldn’t sustain this war (or any war).