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Salbuchi - Second Republic Project - Pillar 2 - SOVEREIGN CURRENCY - (Part 1 of 2)

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Hello, Adrian Salbuchi once again. This is the second video on Second Republic. It's the 2nd Pillar and refers to Recovering a Sovereign Currency. Second Republic must define the role and priority of finance, banking and money. So let's start with simple definitions. Finance - finance is the world of money, of stocks, of credit and debt, of banks, of investments. Finance must serve the Real Economy. And the Real Economy is the economy of work, production, manufacturing, services, creativity, toil, working from nine to six, really making personal effort. But you see, today it's the other way around. Finance has grown 30, 40, 100 times larger than the Real Economy. It has become likе a cancerous tumor that has metastasized and is threating to kill the economic body the world over. And it's all being done in front of our noses by companies that are just too big to fail: Goldman Sachs, JPMorgan Chase, The Federal Reserve Bank - the private central bank of the USA, AIG, the derivatives market, George Soros, Fraudulent Sovereign Debts, the International Monetary Fund, the World Bank, there are all headline names. the International Monetary Fund, the World Bank, there are all headline names. Finance has usurped the upper hand that it's not supposed to have and it must be put back in its place, and we, the people, have to do that. Finance can grow exponentially because it's very easy to grow exponentially with a spreadsheet. All you have to do is double-click on a mouse and it will just compound interest time over again. The economy can only grow arithmetically. Because if you want to have more cars, more loaves of bread, more service you have to put work, and toil, and effort into it. You can not get more cars by magic, by just double-clicking on a spreadsheet. What do they do? How do they work this whole thing? Well, I explain this in my video from April 2009 called The Global Financial Collapse. I describe how the whole economic system, the whole financial system of the Western world, and of the entire planet is basically a Ponzi scheme. It's a four-sided Ponzi scheme. And they haven't hidden anything from you because it's on your 1 dollar bill - the Pyramid. And that Pyramid has four sides which I will just very briefly remind. First, they control a country's public money through its Central Bank. They always make it insufficient for economic needs. Then they have the private banking system which will give you the money that you need but it will charge you an interest and it will do it using fractional money, fractional banking system which is basically creating money out of nothing. Third, they will make you think that everything has to be done with debt which is a death-trap. And fourth, when the system finally collapses, they will sociallize all losses, the way they privatized all profits before that. Public money is money issued by the government and should reflect the true needs of the Real Economy. This can be calculated for each country based on key factors: population, territory, productivity, birth rate, strategic and social needs, the type of economy each region has, development project, health needs, educational needs. The key note is that public money, the money issued by your Central Bank, should not, does not generate interest. The national currency - the dollar, the pesos, the euros belongs to We, the people. It's public money, it belongs to us. It does not belong to the bankers. Public money only becomes inflationary when it is issued beyond the real needs of the economy, of the real economy which reflects either criminal fraud or total negligence. For example, the Federal Reserve Bank of the USA has issued invaluable bills and treasuries beyond all logic. Private money, however, is issued by the banking system based on fractional lending and substitute the insufficient public money supply. A key point to keep in mind: This type of banking system money is interest bearing and that leads to usury, and that is the main source of inflation. We'll talk about that later on. Also, there is a missing link in economic theory and practice which has been pointed out by the English economist Stephen Wheeler. We all know that we have Macro Economy - the big numbers running countries in the global system, and Micro Economics - the little, the specifics of a company, or of an organization, and so forth. Between the macro- and the micro- we need to have an in between point. An intermediate vantage point which Stephen Wheeler calls "Mini Economics". Mini Economics assesses smaller units of analysis. For example, a specific industry, a specific region, a specific local or regional economic factor, a city, a seasonal economic process. It becomes crucial then to properly match and it allows you to undestand the intrinsic velocity of circulation of each industry, of each region, of each type of activity. For example: Real estate money are large sums which flow very slowly. How often do you buy yourself a house? Every 5 years, 10 years, whatever.. Retail money, Wal-Mart for example, is very fast small amounts, very fast, very fast, very fast, very fast... What is the sub-prime debacle? Basically that we had excessive consumer retail buying, that's small amounts of fast money backed by sub-prime real estate money which is very slow moving. On top of that, it was useless collateral, it was not performing. So a mismatch of this sort generated a catastrophic economic and financial situation. It becomes glaringly obvious when you use mini-economics, the intermediate between Micro and Micro, to undestand these points. And one last thing. There is no "market" in the classical sense of supply and demand, prices, credit, investment, being fixed by what Adam Smith called in 1776, the "invisible hand". Our media, day after day, will swamp us with numbers and numbers, and more numbers, about what the "invisible hand" is doing in the global financial economy. Prices, wages, rates of exchange, stocks, commodities, all the result of the "invisible hand". But think - all hands, whether invisible or otherwise, are always articulated by an arm. And, in our case, it's a very muscular arm at that. And all arms are controlled by a brain - powerful individuals, corporations and governments that can twist any arm if they wish. So rather than gawking at the Kaballah of market numbers on TV, on the radio, Wall Street Journal, etc., isn't it wiser to look at how the arm operates? And much more important, to try and understand what the brain is planning to do from its high posts in the NYC and London boardrooms, from the Federal Reserve Board, from Council on Foreign Relations, the Bilderberg group, and the Trilateral Commission. So let's define money. Above all, money should be nothing more and nothing less than a certificate or voucher for work in its widest definition - physical work, intellectual work, artistic, creative, industrial, service work, whatever. But work in every imaginable facet. If we put money to be based on work as the foundation, we'd have solved half the economic problems. Because this definition has a high moral value because what it basically says is that the only way that an individual or an organization can get money, can obtain money, is by delivering social and productive work to society as a counterpart. This puts a limitiation to usury, this puts a limitation to parasitic anti-social behavior, to fraud, not to mention to the counterfeiting of money as the private banks do nowadays with fractional lending. That is why it is critical for money and currency to be public. Its volume and channelling to be controlled by a Sovereign State geared always on promoting the Common Good against the greed of the individual interest. Money is a key instrument in power. The State should regulate it, and it should not be part of any economic process that is left exclusively to private initiative - as America found out in 2008. The State must only ensure that all private economic activity is subordinated to the public good. The State should not intervene in the actual economic process itself. That's Communism. So.. The State should only look after those actions and those activities which are just not possible for the private enterprise because they are just not lucrative. And you can't expect somebody from the private sphere to do something which is not lucrative. Free health, free education, national defence, police.. This also requires that the monetary agency, the Central Bank in Argentina, the Federal Reserve in the US, must report to the government. It must by subordinated to the government, not to the private bankers. Statistics, credibility, stability, regional development, public health and education, and so forth, all of these are the key factors that will determine what the State should do. Because.. and let's go to some other basics, There are specific functions of money and currency. Money has four specific functions. First...

Video Details

Duration: 9 minutes and 55 seconds
Country: Argentina
Language: English
Producer: Adrian Salbuchi
Director: Adrian Salbuchi
Views: 218
Posted by: wingman007 on Feb 21, 2011

2nd Pillar: “RECOVER A SOVEREIGN CURRENCY” – Once each of our countries restores its Sovereign State, then the very first thing we need to do is put our National Currencies back in their proper place, which means subordinating the entire financial, banking and monetary system to the needs of the Real Economy. It means breaking the back of the parasitic usury-based fractional banking system. It means putting National Currencies to work as they should for “We, The People…” and not for the bankers cabal. It’s the “Either, Or” struggle of old: either the State and Government protects, defends and works for “We, The People”, or it protects, defends and works for the Bankers and Power Elites…

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