Sony Kapoor left life as an investment banker to reveal the “dark magic” of finance capital
Sony Kapoor left life as an investment banker to reveal the “dark magic” of finance capital
Electronic account system,
GDP projection and graphing,
BR-0 com/accounts htm
without .’s or link off my page
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
Alan Greenspan
LOL! Eerste-jaars? Economische psychologie? Goud ït’s the same as” een fiat-dollar? MAN WAT LEER JE DAAR VOOR EEN ONZIN! Tijdens een beginnende bubbel uitstappen? En met dat geld dan in hypotheken beleggen of zo!? Goud is normaal gesproken geen goede belegging. Het geeft immers geen rente. Maar het is tenminste wel waardevast. Daarom wordt goud meer waard bij een sterke inflatieverwachting. En die is er op het moment omdat de Fed biljoenen uit het niets creeerd. Geschiedenis…zie Zimbabwe
Without the confidence factor, many believe a paper money system is liable to collapse eventually. Federal Reserve Bank of Philadelphia
That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.Marriner Stoddard Eccles
The legal tender quality [of money] is only valuable for the purposes of dishonesty.
Justice Salmon Chase
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money. Boston Federal Reserve Bank
A billion here, a billion there, sooner or later it adds up to real money. Everett Dirksen
History? Fiat money systems always implode. Our money=debt. And gold/silver is real money. We give the value we think it’s worth. Right. The paper of a dollar bill is worth as much as toiletpaper. We only need to realise. Gold/siver ALWAYS keep their value. Because gold/silver are scares. That’s the difference. Once the dollar crashes we have a crisis and goldprices will go through the roof. Gold will NEVER be worthless. Ever had some lessons on money-creation? Drs. Erasmus
Strange advice to give. If there is a bubble starting in the gold- and sivermarket, it would be wise to get in now!
Representative government was created to prevent coercion and fraud. So long as the rule of law is protected and contracts are honored, large institutions can only take advantage of people when people agree to be taken advantage of. As it is, people too often take it for granted that the government will take care of them and that they don’t need to read the fine print so a healthy dose of skepticism is lacking. It’s ironic I know, but less “protection” sometimes means more actual safety.
No–he’s explaining the thing in the same terms as that in which the entire C-SPAN thing is discussed for congress; so, the listener is unable to ever understand or come to any sort of useable knowledge of the truth of matters concerning money and currency. Interesting and comical, too, watching Paul Jay grow confused, so, he interrupts Sony, and then, Sony begins again, from a different page of the same rationale or book–pore ole Paul, . . . comical, . . .
Well does paper money have a potential of going to 0 ?
Has gold and silver ever gone to 0 value in 6,000 years ?
The chinese government is promoting silver bullion sales to their population of 1 billion people.
What’s the US government doing , promoting healthcare.
Do what you want , paper isn’t worth a crap.
lol. I study economics in University. It doesn’t make me an expert, but I know a lot of the fundamentals that tend to be forgotten. In this case its history. Silver and Gold markets are starting to become bubble markets. I would probably get out while you still can. The only reason why its worth something because people say it is. That’s it. Its the same as paper money. We give the value we feel its worth. the world thinks gold is. once it crashes then we have a crisis.
Is it just me, or is Sony Kapoor kicking some real corporate ass here? Insiders spilling the beans to the left always excites me.
TRNN should cover the documentaries “Money as Debt” and “Money as Debt II”
Regulation by elected and uncorrupted officials will always be better than total laissez-faire which essentially amount to full fledged chaos with no rules and THEN large institutons can REALLY do what they want and ONLY what they want. People created representative government in the first place to prevent things like this.
That’s was the problem… Government protection was removed and people started looking out for themselves ONLY…
This allowed for a handful of people to make a windfall profit while the rest of the country suffered… This is everything that labor fought to prevent for 100 yrs…
An excellent and revealing interview. One can interpret this to mean that greater regulation is needed, but I suspect that what is needed is less. Even the best regulation virtually always creates an environment that favors large institutions. Throw in the lobbyists and you get custom crafted regulation that makes real competition impossible. I suspect that the only way to cut out unfair practices is to remove the illusion of government protection so that people start looking out for themselves.
Real news. How intoxicating. Excellent to see news that isn’t opinionated by ignorant partisan commentators. Thanks TRNN.
excellent and informative interview, looking forward to the next section!
I completely agree. This is the best interview they have had in awhile. Far too many of the people they have interviewed are partisan hacks who believe that the democrats can do no wrong and will dodge and questions implicating them of such.
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