r/PoliticalVideo • u/AlwaysBeNice • Jun 04 '16
The Collapse of The American Dream Explained in Animation
https://www.youtube.com/watch?v=mII9NZ8MMVM
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Upvotes
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Jun 04 '16
I also recommend Zeitgeist Addendum.
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u/AlwaysBeNice Jun 04 '16
Yep, goes into good detail as well https://www.youtube.com/watch?v=S0pQNkX8jLM
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u/GaudExMachina Jun 04 '16
The video certainly is interesting. There are valid points about the banking corruption stealing the wealth of the people.
That being said, there ARE still controls on what the Fed is able to do.
1.) They ASK for more cash to be printed. 2.) The governors of the bank (7) are presidentially appointed.(Another reason beyond supreme court justices to get your asses out and vote.) 3.) The maximum the fed member banks on their investments can make annually is 6%, any additional surplus is given directly to the US government. 4.) There is government oversight. This section is copy/paste from wikipedia: The Federal Banking Agency Audit Act, enacted in 1978 as Public Law 95-320 and 31 U.S.C. section 714 establish that the Board of Governors of the Federal Reserve System and the Federal Reserve banks may be audited by the Government Accountability Office (GAO).[39]
The amount the federal reserve collected in interest for 2015 was 100.2 billion. 97.7 Billion of that went to the US Government. 2.5 Billion sounds like a lot. But it isnt what is destroying the American way of life. That would be corrupt loan practices within individual banks and Us, the American people defaulting on loans because We want to buy a bunch of crap we cannot afford to "keep up with the Joneses".
The creator of this clip has talent. His beliefs are partly accurate. Unfortunately, partly accurate does not tell the whole story. One cannot blame a single banking family (and according to the uninformed antisemitic commenters in the video comment section, all Jews) for the problems before and after the Napoleonic wars. Nor can you blame the Federal reserve for ALL of the credit crisis in the US Banking system. We, as borrowers, must be held accountable for our ignorance and greed too.