I.O.U.S.A.
November 30th, 2008
Filed Under: News, movies, politics
No doubt inspired by the current economic crisis going on across the world, this week I want to focus on topics related to the Federal Reserve system of the United States, which is actually a privately owned bank. The idea here is to educate, inform and alert people (including myself) to what’s really happening and what we as citizens can do to minimize the damage, especially since the mainstream media is not telling us the truth; namely that as our country is in decline and the banking cartel in Wall Street are trying to loot every single penny they can before the collapse of our economy is officially recognized for what it is: a gigantic swindle of the public’s equity & trust.
We can prevent those corporate crooks from completely raiding our national treasury but we first have to understand the true nature of the problem. The 30 minute movie above does an amazing job of clearly explaining how The Fed works and it’s worth every second of your time to watch. And make no mistake about it, it’s all very alarming stuff.
You can also visit the website here: www.iousathemovie.com
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2 Responses to “I.O.U.S.A.”
PJ Chmiel
Yeah, strange that there’s no mention that the Fed Reserve is a private corporation charging the US interest on its own debt, and that it prints money out of thin air which is not backed by anything tangible, and how the government solution to getting out of debt may well be to print a bunch more money (causing hyperinflation and toppling the house of cards), nor anything about the dollar being primarily proped up by OPEC and that a switch to another currency for oil trading would utterly devastate the country.
Also funny how this film ends with the sentiment that by doing something, “we can ensure that our future is better than our past.” That is a dubious and dangerous statement; the reality is that this country’s future is very bleak and that there is no way we will be able to continue the kind of easy luxury and ridiculously high standards of living that we’ve enjoyed for the last 50-100 years (consuming about 40x more energy and resources per person than is needed to survive); our way of life and all of our key systems (economic, agricultural, environmental, transportation) are completely unsustainable and only possible via large inputs of cheap, finite fossil fuels. As those remaining reserves decline, we have no choice but to poutingly return to lives more like the ones humans lived for a couple million years before the industrial revolution (and still live to some extent in many “third-world” or aboriginal cultures). This is not, by the way, a bad thing; in fact most of these societies, despite being “materially” poor, enjoy a much more meaningful and fulfilling life, closer to nature and family than in our overmedicated, worrisome, job-hating, mall-shopping, ultracompetitive, brain-dead sleepwalks through life.
Please take a few minutes to read this article about the impending collapse of the US, and if you can, also read the author’s excellent, short, shocking, but hilarious book Reinventing Collapse. It’s one of the best books I’ve ever read and goes into greater detail on the subjects covered in that speech I linked to.
PJ Chmiel
Also, I forgot to mention that, while this video is well-made and looks nice, using the GDP as an indicator of economic health is highly misleading; the situation is even worse than the video makes it out to be. Here are a couple of quick articles about the “GDP” (in which very negative/harmful expenditures count for just as much as productive ones): one and two.
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