Full Transcription

There’s a reason they call it a dream.
* Who’s there?
* Cock-a-doodle-do pal.
* No, no, no! I don’t have any more money! My job sucks right now. Please! I’ll have more money next month. You can’t take my house!
* Is that your signature?
*Okay. Well, just help me work something out, okay? I mean, you said I’m a good credit guy, right? I mean… Hey, wait! My dog is in there! No! Don’t take my Dream! Oh, how did this happen?
*Hartman? Is that you?!
* Been a long time since the fourth grade.
* Is that a time machine?
* There’s no need to concern yourself with my stunning accomplishments. Best get in. There’s not much time.
* I’ve got to go down to the bank and get my life back. They took everything.
* Oh, the bank ain’t gonna help you now. (?) the trunk. Extra set of balls. Put them on. You’re gonna need them.
* You’re gonna get my dream back?
* No, Pile, you are. I’m here to show you how.
* Submitted for your approval; one First National Bank. What is a bank, you ask? A curious place where both space, time and irony exist, and yet, don’t.
* Are you gonna be doing that the whole time?
* Pay attention, Pile. Exhibit A: those who have come to deposit and safely store their earned monies. Exhibit B: those who need to borrow said money for purposes unknown.
* Hey, that’s me!
* Ergo, exhibit C: the bank only has so much money in the vault to lend out to people such as you.
* Hey! Hey! That’s the guy. He took my house.
* Really screwing my vibe here, Pile. Space-time continuum – he can’t hear you. Just let me narrate. Now, where was I? So you see by the time he got to you, Pile, his bank was out of money.
* But he gave me lots of money and charged me a lot of interest.
* Yes, that’s the only way banks make money, by making debt loans. Debt = money, Pile. Remember that, debt = money. The more loans they make, the more money they make.
* But if they don’t have any money, then where did my money come from?
* You’re gonna wanna take a step back.
* Woah! No way!
* Yes way, and that’s nothing.
* Hey buddy, need some money?
* They didn’t do that!
* Oh, they did exactly that, Pile! Remember, banks make money by making loans, by selling debt. Even to bad credit risks.
* Yo, have some money, dude. Just sign here.
* Oh, my gosh!
* Mmm, they call it free money.
* Yeah, that’s exactly what my loan guy told me: free money.
* But it ain’t free. The worst part was offering money to people who don’t even need it. People, Pile, like you.
* You’re right, I didn’t need him. I was happy here. I didn’t need it. Why is he sad? He’s making all that money.
* Shhh… He’s thinking. Now wait for it… Now wait for it… Bingo! See, the bankers loan to everyone in town, but to make more money they have to loan even more.
* More? How much money do they need?
* More.
* AH! What’s that?!
* Behold, a black horse rideth! Credit cards!

* Wow, look! I mean it’s gonna be okay. Everything’s gonna be okay. What now?
* Now? Well, Pile, with all this money, we might as well party!
* Oh ho, this is awesome. I needed to get my head clear. When I get back I’m gonna straighten all this out. I just hope Dream is doing okay.
* Ben Bernanke! I’m going to get you, my pretty!
* Yep, he is. I’m sure he is.
* Mmm… You put it on his tab. Little something for yourself. Wait.
* You know, wait a second Hartman. I just thought of something. If I got this money from the bank, and the bank got it from the Federal Reserve dump trucks…
* Go on…
* …then where does the Federal Reserve get their money?
* Real nice time, ladies, real nice. Excuse me while I borrow these.
* Say, Hartman, why am I wearing a burglar bikini top?
* Because no one is allowed inside the Fed. Not you, not me, no American citizen, no duly elected member of our Congress, not the Supreme Court.
* Not the Supreme Court?
* Not the Supreme Court. Not the Justice Department, not the CIA, DIA, FBI, ATF, BTE, NBC. Not even G-O-D.
* How come the government isn’t allowed inside its own building?
* Government? Pile, the Fed is a private bank, owned by private stockholders. Do not let the name “Federal” fool you. This place is about as federal as Federal Express.
* A private bank? But… private?
* Shhh. Best to keep your voice down, Pile.

* This is Ethan, Federal Reserve.
* Hey Eth. Bill here, First National.
* Hi Bill, how are you?
* Good, good. We’re running a little low on money.
* No problem, how much do you need?
* Oh, how does 20 million sound?
* What?!
* Excellent, we will ship it over first thing tomorrow.
* Wait, he can just call up the Fed and ask for more money and they give them whatever they want?
* No, Pile, the Fed don’t give the banks money, the Fed loans the banks money. The banks have to pay it back with interest. Come on, time to go.
* Wait, wait, wait! I still don’t understand. Where does the Fed get their money? I mean, if they’re are private bank? You said they’re a private bank, right? OK, so who puts money into the Fed bank?
* This is Mel, United States Mint.
* Hi ya Mel. First National needs another twenty millis.
* We’re already running the presses full steam here, Ethan.
* Gotta keep making loans, Gotta keep the money flowing.
* All right, you’re the Fed. What ever you guys say.
* Twenty million more, by morning!
* But I don’t get it. What’s so wrong about the Fed printing money?
* Because it’s unconstitutional, Pile. Our treasury is supposed to create our money, but now the Fed controls the printing of America’s money. Nobody gets a friggin dollar that the Fed didn’t print.
* So?
* They print the money, then they loan it to the government, then they charge the government interest, and then the government taxes you to pay for it. Wake up, Pile.
* I don’t see what the big deal is.
* Mmm,.. You know, you’re right, Pile.
* Wait a minute. Wait… I am?
* Yeah! I forget how effective they are at keeping you ignorant.
* Oh, that’s okay. Hey, I’m not ignorant!
* Do you even know what money is, Pile?

* In the long, long ago, people bartered. They traded things they had for things they wanted. I’ll trade you my raspberries for that there pot pie.
* I don’t want your berries.
* Come on, Pile! They’re sweet berries.
* They’re not sweet, they’re old. And I don’t like berries.
* Give me that pot pie!!!
* No!
* As you can see, this bartering situation created some problems. Then one day, a goldsmith walked up and said:
* Now, everybody thinks gold is valuable so why doesn’t everybody trade gold for things they need?
* Price was set for gold and now it was very easy to conduct commerce because people could trade gold for all the things they needed.
* Hartman! Wow, look at all my gold! Hey, hey, stop them! That’s my gold!
* Damn thieves!
* Say there, Pile, I’ve got a vault and some guards. I can keep your gold safe for you for a small fee.
* Yeah, sure. That would be awesome.
* You see, Pile, this is how the first bank made money.
* There you go, Pile. I owe you 100 gold coins.
* Okay, great!
* Come back any time and redeem your gold when you want it. It’ll be right here, in my vault.
* Now you’re holding the very first paper money, Pile.
* Wow, this is great! It all makes sense.
* Oh, that’s right, it was good. Everybody started using I.O.U.s because everybody knew the I.O.U. was as good as gold.
* Wow, this candy is really a good price: one I.O.U. Hmm, I’m getting some more for later.
* Hey, wait a minute. It was just one I.O.U. Ten I.O.U.”s for chocolate? They can’t just raise prices like that.
* Oh, the candy man can.
* Wait, that is just friggin wrong.
* It’s called inflation, Pile. It makes your I.O.U.s worth less and less until they are worth nothing. Less bang for the buck, Dollar ain’t what it used to be.
* But I worked hard and I baked all those pot pies. Now I have to work harder to make less? That’s not fair!
* Oh, if you think that’s not fair, you’re gonna love the next part.
* What’s he doing?
* How do banks make money, Pile?
* Uhh, by making more loans?
* Oh that’s right, he’s good.
* You see, he prints more IOUs without any more gold, loans them out for interest, makes a pretty penny, and nobody is the wiser, unless everybody wanted their gold back at the same time.
* No, no, no. That’s my gold.
* Not anymore.
* What are you talking about?
* I’d like to redeem my IOUs please. Thank you very much.
* Hey! I want my gold back now! Thief! Thief!
* Gotta’ love the bank run; Bringing people together. See, they all found out he was stealing, made a run on the bank and demanded their gold. But as you can see, there ain’t no gold to get.
* Hartman!
* Don’t worry, Pile. Back in these times, vengeance will be yours.
* Three things in this world you don’t do. Never mess with another man’s woman. Never mess with another man’s ego. And most importantly you never mess with another man’s money. Else, the man will mess with you.
* My god, you hung him?
* Yes, Pile. Oh, we hung him. We hung him high! And do you know why?
* Well, because he was a thief?
* Because, Pile, an evil invention was born. Man discovered how to turn worthless paper into gold. Thus was invented the ultimate machine to steal real money and enslave all the nations on earth.
* It’s alive!
* Oh now, come on, you’re just being dramatic. I mean, I lost my house but…
* What is that? Explain.
* The nuclear power plant?
* Mmm, hmm. Produces lots of electricity and little pollution. An invention for the good of humanity.
* Okay, but what’s this have to do with…
* 3, 2… BOOM
*Holy!
* Atomic energy. A discovery more powerful than anything man had yet conceived. It can be used for good or evil. Now, unlike Einstein, the goldsmith’s discovery has been kept a closely guarded secret. It was never intended for you to see. This discovery is called fractional reserved banking. In the wrong hands, it’s more powerful than a nuclear bomb in its ability to completely and utterly destroy a nation who is subjected to its perversion.
* No. No, no, no, no.
* It is time we stop this evil secret and the men behind it…
* You’re being ridiculous.
* …before America is destroyed forever. Believe it, Pile
* No, no, no, no. I just want my dog back.
* Dammit! That’s it, I give up. Let them live in chains.
* No, Hartman. The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
* Thomas Jefferson?
* Mr. President, how do I get him to understand?
* As we did, son. Remain vigilant. To many have hidden the truth and the light of our liberty dims with every passing day. Quickly, take my horse. Show him.
* Wait. Show me what? Where are we going?
* Away, stallion of liberty. Ride hard the holy wind.
* Oh, where are we?
* The Battle of Waterloo. Hold on. We gotta get through. The money machine. There it is!
* Hey, is that the same people?
* Rich banker men from Germany flying under the banner of the Red Shield. (Rothschild) They financed both sides of the war. We must hurry. That’s him, the Red Shield courier. Shoot him!
* No. I’m not shooting any one.
* Dammit, Pile.
* What?
* He beat everyone back with the news of the war and told England that Napoleon won. The Red Shield bankers of London pretended that England was doomed and started selling their English stocks. The English went into a selling frenzy to get rid of worthless English money.
* But, the English won, right?
* Of course they won. But it was a trick by Red Shield. They waited until the stocks plummeted to pennies and then bought England back back for nearly nothing.
* What? They did that? How?
* When the English leaders found out, they had no choice but to give themselves over to the Red Shield. Their money was gone and they were slaves to the Red Shield war debt. Since that time the English have been paying their national taxes directly to the Red Shield private bankers. The people have no idea. But the bankers bragged about what they did to us. Laughing at us all the way to the bank.
*Nathan Rothschild – Why it’s the best business I’ve ever done. If I can control a nation’s wealth, I care not who makes its laws.
* Oh, is this what Jefferson wanted to show me?
* No, Pile. Look.
* They’re in America too?
* The Red Shield banks are here, Pile, seeking a way to conquer our American Dream. The dream you had, Pile. A dream… of free men. They tried to take over our country many times and failed because Jefferson and the patriots vowed to stop the evil tyrants at all costs. By authority of eternal God he would not let the bankers win here.
*Thomas Jefferson – “To preserve our independence we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty or profusion and servitude.”
I place economy among the most important and republican virtues, and public debt is the greatest of the dangers to be feared. It is incumbent on every generation to pay its own debts as it goes.”

* We must have a central bank to secure this country’s finances!
*Thomas Jefferson – “If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of their property until their children will wake up homeless on the very continent their fathers conquered!”

* Jefferson, you’re mad! This country will have a central bank.
* Who’s that?
* America’s first Secretary Of Treasury.
* Alexander Hamilton?
* Not for long… Aaron Burr, Thomas Jefferson’s Vice President.
* They didn’t take too kindly to our first Sec Treasury. Sweet shot, Burr. The first attempt at a central bank only lasted 20 years and we shut it down. But the bankers tried again against Old Hickory, Mr. Andrew Jackson.

*Andrew Jackson – “You are a den of vipers and thieves. I intend to route you out and by the eternal God I will route you out.”

* After surviving an assassination attempt, Jackson finally defeated the bank in 1836. When asked what was the greatest accomplishment in his life, Old Hickory replied,
* “I killed the bank.”

* And those were his last words: “I killed the bank.” And, with reel money backed with real gold, our country experienced the greatest boom in any nation’s history. Oh, it was beautiful, Pile. But the bankers, greedy for more power and wealth, were concocting their most ambitious plan yet: to once and for all take control of the finances of the United States. In 1910, a secret meeting was held in the J.P. Morgan estate on Jekyll Island of the coast of Georgia. This meeting was so secret, so concealed from government and public knowledge, that the 10 attendees used code names.

* I am clearly the richest man, so I should be the one to run the super secret central bank.
* I own all the oil in America. I’m clearly richer than you will ever be, Hula Girl.
* I should run the super secret central bank.
* You’re nothing compared to me, Lube Job. I shall run the secret bank.
* Silence!
* Supreme master leader, I didn’t know you were gonna be here.
* I’m not. Neither are you, dumb ass.
* Oh yeah, right, right. He’s so smart!
* None of you shall run the bank. We have failed in the past because of openness. This time the key to success is secrecy. The people must believe that they run the bank.
* Yes, brilliant! A sneak attack. What’s the plan?
* We first create panic, then we show them the solution.
* With our man in office and well-planned timing we will have our central bank. And so the people think it is theirs. We shall christen it Federal! The Federal Reserve!

* They struck on December 23rd, 1913 when most of our congress were home eating fruit cake these bastards, I mean bankers, presented their treasonous act to their newly elected accomplice Woodrow Wilson who had fortuitously already agreed to sign it before he was even elected.
* Wait. The IRS? I thought we always had the IRS.
* No, Pile. They did this to us too. The Fed now has the exclusive power to print America’s money. They loan this money to our banks and our government at interest, putting immediate debt on our own money, printing more and more so each dollar they print becomes worth less than the one before. Merry… Christmas.
* What in the hell is that?
* That, Pile, is how our government must now pay back these debts to the Fed. Your taxes do not go to your government.
* They don’t?
* Hmm. It’s the greatest theft in human history.
* Okay. I mean, I sorta get what you’re saying, but it’s also confusing and really Hartman, I don’t see how it affects me at all. If I had more money, none of this would have happened! Hartman? 1955. Wow, what are we doing here?
* Oh, a little bit of shopping. Here, hold this. Gallon of gas: 23 cents. Postage stamp: 3 cents. Ounce of gold: 35 $. Hot baby: priceless. Best be getting back.
* Hey Hartman, I need my car, man!
* Oh, was that Michael J…
* Yeah, he’ll be fine. Now, Pile, would you agree that you have the same exact things that you had in 1955?
* Yeah. One stamp, one gallon of gas, one ounce of gold and one home. Well, we just made a lot of money. Hey!
* Gotta pay your taxes. Bet it’s nice to have made all that money.
* Wait, that isn’t fair! Now I actually have less money. I can’t even go buy the things I just sold.
* The IRS and the Fed’s inflation work together, Pile. They aren’t just taxing gain, they are taxing their inflation. You are no richer than you were in 1955. Now, does that sound fair or American to you?
* Yeah, but I mean, who doesn’t hate taxes? I hate the IRS anyway.
* Pile, the higher they make the inflation, the more of your they take. It’s thievery. You’re not paying taxes on any more, you are paying taxes on the same and now you have less! They take our property right in front of our eyes just like Thomas Jefferson said they would.
* What’s that?
* They found us! Quick, my sword!
* What sword?
* We don’t need your banking machine! I condemn you to die, dammit! Die! Pile, Bernanke bogey on my nine. Take him at his knees.

*Kennedy – “For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence.”
* What’s happening? Where are we?
* I believe perhaps you understand now, Pile. But you are afraid.
* JFK. Hartman, what does this have to do with my house and my dog? Okay, that’s enough. I want to go home now.
* This is the last president to stand up to the Fed. You must see… On June 4, 1963, President Kennedy signed Executive Order 11110. This executive order empowered the U.S. Treasury to issue real money without the Fed. It would have worked. Kennedy’s plan to dismantle the Federal Reserve machine had begun. Six months later, John F. Kennedy went to Dallas and never returned.
* No way. No way they could do that.
* The new president, Lyndon Johnson, threw out Kennedy’s order. And since JFK, no president has dared confront the secret powers behind the Federal Reserve. They consolidate bigger and bigger banks, print more and more money, accountable to no one, decimating our nation’s wealth for the benefit of a few.
* Why? Why do this? If they hurt us it hurts the global bankers too.
* No, Pile, they are protected. They are too big to fail.
* But I’m not. Those sons of bitches!
* Mmm, sons of bitches all.

* The day was cold, the wind sharp and strong, but we were determined! The bankers and their parasites had us vastly outnumbered but their hubris made them weak. Not like us. not like this band of immortals we have assembled. We have come to take back our…
* Hartman, is that…?
* My dog!
* Oh, sh…
* Then the inevitable. The money kings could ignore us no longer. They sent an emissary, a cog in the machine of greed, to bring about our submission, Hank Paulson.
* Hartman, this is blasphemy. We own the corners of the earth. It is futile to challenge us.
* Oh, I’ve seen that look before, that of a predator taking in the scent of its prey: bold, fearless, the look of a free man.
* You have come far, Hartman, father than most. Be smart now. join us! We will bring you money, power, everything you want! You can be one of us if you will kneel. Madman! You’re a madman! We are offering you everything! What do you think this is?!
* THIS IS AMERICA!

* “He who sacrifices freedom for security deserves neither.” – Benjamin Franklin

So, what is the national deb? When government spends more than it collects in taxes, it has to borrow the difference by selling interest bearing IOUs, such as US bonds. When a US bank buys a $100 dollar US bond, it gets to loan out ten times that amount. So, the bank not only gets back the $100 dollars plus interest from the Federal Government, it gets to loan out another $1000 dollars it doesn’t have and charge additional interest. Banks are allowed to create this extra money out of thin air. So, banks aren’t making just 6% interest, for example, they are really making over 1000% interest. That’s why bank buildings are the biggest in every town on the planet.

This system of lending way more than you have is called fractional reserve lending. Almost all our money is created by banks, lending it to people, to companies, or government.

As we’ll see, there is a better way for our government to get money. Simply issue it without debt for the benefit of all citizens equally. Abraham Lincoln did it. Ben Franklin did it, Jefferson wanted to do it. Honest Americans have fought against this bank controlled-debt money system throughout American history. But unless we change it soon most of our freedoms will soon be lost in a tidal wave of debt.

75 years ago an employee of the Atlanta Federal Reserve explained the importance of the debt money system and how it can strangle our economy:
“Someone has to borrow every dollar we have in circulation… If the Banks create ample money we are prosperous if not we starve when one gets the complete grasp of the picture the tragic absurdity of our hopeless position is incredible… It is the most important subject intelligent persons can investigate and reflect upon.” -1934, Robert H. Hemphill, credit Manager of the Federal Reserve Bank of Atlanta

Nobody’s talking about the debt problem as such. They’re talking about the fact that the the bankers aren’t making enough money to live in the way that they’re accustomed to.

After 600 years, the money changers were finally able to reassert their control over English money when they convinced the Parliament to create the Bank of England. This put the banking community back in control of manipulating the quantity of English money. Now England had to borrow its money supply from banks and pay interest on it, instead of the government simply issuing its own money without such debt. So in England we learned that simple sticks of wood broke the monopoly of gold money. This debt free money lasted for seven centuries and allowed a small island nation to rule the waves and freedom to root deeply in the new middle class, With the goldsmiths back in control, England was now financing its wars with this bank loaned money.
Just 75 years later, England’s war debts consumed 75% of its budget. Three quarters of British taxes were spent just on paying the interest on its war bonds. As a result England needed to squeeze more and more money from all her colonies to pay the interest on this new growing debt.

America was no exception.

Pre-revolutionary America was still relatively poor. There was a severe shortage of precious metal coins to trade for goods. So the early colonists were increasingly forced to experiment with printing their own homegrown paper money. This paper money was called Colonial Scrip. Colonial scrip was a dangerous concept for bankers. It broke the colonies free of the privately owned central banking system where a money had to be created by banks and then loaned to governments, as Franklin put it:
“In the Colonies we issue our own money. It is called Colonial Scrip. …we control its purchasing power, and we have no interest to pay to no one.” – Benjamin Franklin

In 1764 the British Parliament passed the Currency Act. Again it ordered all Americans to pay their taxes in gold or silver coin. For those who believe that a return to a gold backed money is the answer for America’s current monetary problems, look what happened to America after the Currency Act of 1764 was passed. As Franklin put it:

“In one year, the the conditions were so reversed that the prosperity ended, and a depression set in, to such an extent that the streets of the Colonies were filled with unemployed.” -Benjamin Franklin.

To Ben Franklin, this return to a gold money system was the basic cause of the American Revolution.

“The Colonies would have gladly borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction.” -Benjamin Franklin.

Americans were mad and did everything they could to get around Britain’s gold money system. In 1765 Parliament past the Stamp Act, requiring that every item sold had to have a stamp placed on it indicating that a tax had been paid on that item and paid in gold. This is what drove America to open revolt.

Do you understand what that means? Without gold you could literally buy or sell nothing. Why? Because the British had successfully forced the colonies to pay for everything using only a precious commodity, gold. This is the very definition of the word plutocracy, ruled by the rich.

By the outbreak of the revolution in 1775, the colonies started printing a new form of paper money to finance the war. I was called Continental Currency. Because unlike Colonial Scrip, it was the first issued by the new central government. Continentals worked great at first, but then the British started counterfeiting it massively sending it to America literally by the bail. By the end of of the war the currency was virtually worthless, as George Washington lamented: “A wagon load of money will scarcely purchase a wagon load of provisions.”

Earlier Colonial Scrip has worked, because just enough was issued to facilitate trade and counterfeiting was minimal. In other words the quantity was controlled by the government that issued it. Gold bugs today try to claim that because paper money didn’t work during the Revolutionary War, it shouldn’t be used today. But keep in mind it doesn’t matter what backs your money. All that matters is who controls its quantity. Will it be your elected officials? Or will it be some unelectable banker? Colonial paper money, before the revolution had worked so well, that the Bank of England had Parliament outlawed, and forced America to use only gold money. Gold which they controlled.

On our next stop on the yellow brick road, which represents the bankers gold money system, we find how the curse of the privately owned central bank first came to America.

In 1781 towards the end of the war, the Continental Congress met here in Philadelphia. They pondered what to do about their grave financial situation. The money was so worthless that the people papered their walls. Congress finally agreed to give a group of bankers a monopoly on creating US money by loaning it to the Government. It was the first privately owned central bank. The plan of course was modeled on the bank of England. The new bank would be called the Bank of North America. It would be the first of a string of controversial privately owned central banks which Congress would charter, and then in the face of public outrage, uncharter over the years.

Four years later in 1785, the value of the new currency had plummeted. Inflation was rampant. Prices had risen by 72%. So after a stiff battle, Congress killed this, the first privately owned central bank in America.

Two years later when it came time to write the Constitution in 1787, many of the delegates did not remember how well America’s government issued paper money had worked in Pennsylvania. They were still stung by the inflation of the Bank of North America and the hyper inflation during the revolution, primarily caused by British counterfeiting. Strangely the Constitution allows the Federal Government to borrow money, but is silent on the federal role on printing paper money, known in the language of the day as emitting Bills of Credit. This defect in the Constitution is at the root of all our economic problems today.

Two years after the Constitution was signed, debt free money was tried in Sweden in 1789, but with tragic results. To pursue a war with Russia, King Gustav III persuaded the Swedish Parliament to print debt free money called riksdalers. This was very costly to the bankers. Sweden had learned the secret to printing its own money without debt. In 1792, only three years into the experiment, King Gustav was assassinated by money lender Jacob Johan Anckarström. As is frequently the case in time of war, too many riksdalers were printed. The quantity was not controlled. A nation with sacrifice everything for survival during time of war. So inflation ruined the debt free money experiment in Sweden by 1834 just as it had a few years earlier during the American Revolution, again, because the quantity was not controlled.