AWESOME VIDEO ALERT: The American Dream

Seriously, they actually hang someone for fractional reserve banking in this cartoon.

The level of awesome is off the charts in this Rothbardian take on money production:

To reinforce what money actually is and where money comes from, listen to this short story by Austrian Economist Walter Block:

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Guest

    We are always free to choose. You can convert your dollars to gold or silver, or oil, or even stocks right now. Maybe you can’t’ go out and spend these commodities, but you can always covert to the exchange medium (dollars) with ease.

    • http://fascistsoup.com/ Michael Suede

      well not really.

      If I tried to create my own gold backed currency by issuing receipts, the Fed’s would shut me down, just as they did with the Liberty Dollar.

      Further, Roosevelt confiscated all the American personal holdings of gold when they went over to the Federal Reserve system of money. There is nothing preventing the government from doing this again if gold was to supplant the dollar as a currency.

      Further, precious metal exchanges are taxed. The taxes on exchange prevent the use of gold as a currency.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.

  • Lolo

    This movie depicts bankers as evil incarnate. I like to think of them like hackers that by cracking systems open show us their weaknesses. If your system cannot be secure – hackers take advantage of that and if you want to stay secure change your system or patch your existing one up. Bankers show us splendidly that government system just cannot work in a way most people think it should work. People like bankers have very useful role – it is our own fault for blaming them instead of changing our own system to be secure.

    • http://fascistsoup.com/ Michael Suede

      Well I have to say “not really” yet again.

      Bankers do serve a good and purposeful role in society; however, they are knowingly engaging in fraud each and every time they issue an unbacked loan.

      Further, they bought the political system and installed a violent monopoly over the issuance of money.

      In our modern economy, it is just that people should hate the banks for what they have done.