Five Ft. Three

“A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both.” ― Milton Friedman

on July 26, 2011

8 responses to “

  1. soapster says:

    This video would be alot better if it mentioned that the Federal Reserve Bank made $16 Trillion dollars in emergency loans (over $3 Trillion of it going to foreign entities/banks) and then implored the viewers to call their congressmen and women to audit and then subsequently END THE FED.Fiscal policy is merely the tip of the iceberg. As much as I hear conservatives quote the founders and refer to the founding documents, it's a pitiful shame how few of them have any historical knowledge of monetary policy.Here's a phenomenal recommendation.

  2. Beth says:

    How about we fix the immediate need to balance the budget and stop raising the debt ceiling, and then move on to getting rid of the Fed?

  3. soapster says:

    It really is more of a video for rallying Republicans or Michelle Bachmann tea party types than it is anything else.Ron Paul said it best when he said that one party doesn't want cut entitlements and the other party doesn't want to cut military expenditures (and in some cases you get ones that love them both).This point was demonstrated quite beautifully in the video at 0:32"And they [who's they anyway?] hope you won't notice some big changes coming…that Uncle Sam won't be able to afford a military…."Oh my! Why..why we can't let them make any cuts to the military! The same military that (under "them") has actually grown and is presently engaged and/or launching drone strikes in (what are we up to now…) 6 countries.

  4. soapster says:

    Because neither side has a real fix for the budget solution Beth. Cut, Cap, and Balance?? LOLSeriously…

  5. soapster says:

    You'll also notice in the video how after the military quip they make a statement about the US Dollar and world's reserve currency.FYI: The treasury of the US ended production of the US note/dollar in '71. What we have at present is the Federal Reserve note which is a liability to the Fed Bank and the obigation of the US.

  6. Matt says:

    Isn't that a great one!

  7. Z says:

    anybody who doesn't think the video's right isn't thinking. It's scary and none of us is doing enough to stop it. And Republicans are dropping the ball all over the place. Why aren't they FIGHTING? They need to get a PR firm which can finally talk sense into Americans about SPENDING. What American doesn't understand that when you've max'd out a credit card, it doesn't do us any good to get a higher limit?

  8. soapster says:

    Spending is a fiscal policy issue. Cut all the spending you want, you'll never have significant prosperity and growth until you also address the monetary policy.Besides, it's not merely the U.S. that spends money duh.Ever heard of the IMF? Ever heard of the World Bank?So much of this debt ceiling debate is simply a regurgitation of punditry and talk radio soundbites. It's exactly like the smoking ban "debate" wherein the argument was framed and thus focused exclusively on smokers vs. non-smokers. The concept of property rights and the difference between public ownership vs. public use was almost completely removed from the subject of discussion.

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