I look into when FDR ordered the American public to sell their Gold to the government ( it was stored at Fort… something) , only to turn around and sell it to Rockefeller and friends who would turn around sell it to European nations for TWICE what the American public sold theirs for.
A private institution controls the inflation and deflation of an entire nation’s currency. You don’t have to steal it if it’s already yours. Possession is 9/10ths of the law, as they say.
@@Lucifer777_The currency, but not the real wealth the currency is supposed to represent. The mob makes the money and holds a gun to your head and tells you you’ll use their private currency at interest or they’ll send their jackals after you.
They forgot to mention the slew of powerful people opposed to centralized banking who perished in the Titanic, which was owned by J.P. Morgan. Mr Morgan, who advertised his ship “unsinkable”, was supposed to board it, but decided at the last minute not to. Also, none of his precious stuff were loaded in the ship.
I read that for myself. It's actually documented. The who's who of the time. If I can remember, prominent people such as Straus, one from the Guggenheim family, John Jacob Astor the IV, as well as others were on board the ship. Interesting info.
Sarcasm is lost on people. I enjoyed the video, learned some stuff, and appreciate the diversity on display because it isn’t race/gender correct. Geez... >:(
The federal reserve is a grandchild of the Bank of England, which funded both sides of European conflicts for hundreds of years. For years prior to its conception, the Bank of England pressured the US to establish its own. The Bank of England had a big problem with the success, stability, and efficiency of the US non-gold-backed currency for many reasons. A central bank in the US would give the Bank of England the perfect means to manipulate American finance. Unfortunately, they got what they wanted😔
@@rolly6020 speaking about central banks in general, they loan money to different countries financing wars, municipal projects, or anything else ANYONE needs. They set the interest rates of whatever country they’re in- included is the power to start or end economic depressions. They also control the money supply, which extends to control over a country’s inflation rate. In the United States, the Federal Reserve is a private bank, making the name misleading
it is also been stated, that at this meeting, the Financial system would be shifted over to the East. Was the TPP and Paris Agreement the first stage of this? Is there any correlation with agenda 21 and this "changing of the guard?" Is there any correalation with COVID 19 and Agenda 21? How does China fit into the restructuring of America? How much debt was intentionally borrowed in order to make this transition a reality? hmm..."we'll see". And finally who was behind the COVID 19 poison? Who and what forces were invoked to make this happen? gues we'll just SEA
i was hoping someone would say it and low and behold , here it is . Why skew the truth so harshly , It is what it was . Good luck trying to Re Write History .
No you do not. You create a slavery system based in debt when you have a government that monetizes its debt and then taxes the income of the individual to pay for the interest and rolls over the principle into new debt never paying it down. Banks are not the problem, Governments are.
😂 So intuitive. These inbred sociopathic parasites are humanity’s greatest enemies. They won’t get away with their plans this time around. They are finished.
@@Unxpekted Ok, here's your chance to send a really succinct link to explain how it really should be known. How was the (U.S.) Federal Reserve begun? And/or whatever else you can enlighten us with, please.
What genuinely scares me is that enough people will happen across this video and, having an attention span blunted by social media, will take it at its word and not go any further. We're doomed. If I haven't lost you yet, go read The Creature From Jekyll Island.
Private bakers with so much influence over our governmenr economy, that meet in cloak and dagger like settings,....I'm sure they always act ethically, right?
@@jarry1595 the better question is should we commodify people? Should we accept that those with disability have a harder time making others money, creating less worth in their existence? Should we allow that they get stolen from, should we pressure them into suicide? Or should re regulate the banks and take care of people based on their needs? Rather or not a rich person, someone who gets paid to exploit others while not working, happens to lose money that is stolen from others, I'm not exactly going to be too bothered. Should banks in themselves exist? Sure, there's use for them. There's a larger use in other forms of banking obviously, but banking as a concept is fine. However if every major bank failed right now, we'd have a functioning economy for a short period of time. By fail, I mean completely liquidate with none of the assets being passed on. The minor banks who aren't credit unions are welcome to exist so long as we stop bailing them out. We shouldn't purposely make a non-cyclical economy. Pay people, they buy things, they get paid more, they buy more things. This is a working economy. Something I haven't seen my entire life. Yet the only thing someone can do to counter any of this is to mislabel me as a communist. The worst part of the hyperreal is having any kind of conversation about politics. Anyway, tl;dr is I think it's more important to regulate. They shouldn't have as much power as they do. I just want to live in a country where corporations aren't part of the executive branch (e.g. Chile coup).
I wasn't sure if they were going to make it out to be pro or against the fed. But then when the duck hunters were "diverse" and it was NPR. I knew they would never make them out to be villains. I knew that it was pro fed. And I was right.
Are you sure it wasn't the fact that the banks were handing out fraudulent receipts and hoarding their gold? Rather than a earthquake suddenly causing a financial collapse. I've heard alot of ideas but this ones definitely creative lol
Ron Paul said the Constitution should be legalized. Says everything you need to know about how we’ve been scammed. Conservatives say Trump is the answer. Liberals say Biden is the answer. I say the Constitution is the answer.
It's my understanding that the house they created the banking system in was built directly on top of an altar of the Timucua tribe. They were tall averaging 62-64in, and allegedly would offer their first born to be clubbed in a ritual. It is said that the house was built on said altar, where Rockefeller and JP Morgan altered history forever.
Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.
I can't take this clip seriously, when they showed Women and Blks as actors owning Banks. At that time that wasn't possible. Leave it to politically correct N.P.R !!!.
I don't think this explains why Banks are safer now than 1907. The Fed had limits on how it could act in the 2009 global financial crisis. It couldn't save every bank and nonbank.
We only know it because it's not the truth. It's propaganda. You think that NPR is going to tell you anything critical about the US globalist system? If so I have a bridge to sell you
Right, it conveniently left out how our money is now fiat money, no longer backed by gold and this makes the American dollar very volatile. There is no tangible asset.
After 1971 it gets it from creating money out of thin air and exchanging this “new money” for government bonds etc. which the government uses to pay for its deficit spending. although it has become more complicated over the last few years. Most people don’t really notice this process and assume prices naturally go up forever.
I understand Planet Money is a creative and entertaining arm of NPR in hopes to explain the Economy in entertaining short digital content. But in the case of the start of the beginning of The Fed .. this is embarrassing. The Fed was formed by a group of 6 patriarchal white men who met in secrecy on Jekyll island. Jekyll Island was the summer home of William Rockefeller. And the organizer of this group and the chosen by JP Morgan. And the meaning of why The Fed was formed and who it was formed by loses all its contextual meaning for America then and today when the actors playing the 6 powerful men in the world of politics and in banking .. are being played by women and people of color. The Fed was set up a by a society that wasn’t meant to foster growth for the ancestors of the actors in this vid. And when this story is told correctly, you understand how America at the turn of the 20th century had a Federal Reserve that was set up by an elite few to help and protect the top 1% of its society .. themselves. And today in 2024 most of that is still true. If Planet Money’s goal is to find creative stories that make sense of complicated forces that move our economy and shape our lives .. they totally missed the mark. Maybe this is was one story Planet Money shouldn’t have tried to explain. Because in the end they failed. They make it sound like some fun kooky scheme where some random group of people had to dress up in hunting lodge gear because for a “top secret” meeting to protect Americas Banks! It wasn’t a fun kooky scheme and it was sad to see it treated as such.
It makes for a good story unfortunately if you believe that I have an island to sell you for $100. The creature from Jekyll Island more accurately describes what happened in 1913 moreover, if you look at how many Americans moved to Canada around that time It shows just how bad things were.
I think this recording/podcast in November of 2015 but I guess it's still correct today. So why republish this now? Is it because of the falling value in the US stock market? Okay, banks are safe but my retirement is almost entirely invested in the USA stock market. There's no Government safety net in securities is there? I suspect that the people that do really well in the stock market very likely have some form of inside information and that the government is not insensitived to police these people very closely as long as the keep a low profile. Let's face it, the unwashed 99% are only able to ride on the coattails of the 0.1%. This is the true trickle-down economy. Crumbs for the rest of us.
If I recall correctly, according to the book "the creature from jekyll island" JP Morgan actually CAUSED the panic of 1907 by calling in several large debts, to generate desire for a problem to the solution, which would be the federal reserve. Central banking is a convoluted and complicated institution of slavery, which American founders fought so hard to prevent. Benjamin Franklin knew the solution; colonial scrip. You probably know it as individual issued checks, or gift cards. Colonial scrip takes the power of money out of the bankers hands and puts it back into the individual where it belongs. A digital version of colonial scrip would solve the worlds problems.
Big banks contributed a huge amount of money to fund Woodrow Wilson's presidential run in 1912. When the bill establishing the Fed reached Wilson's desk in 1913, he knew he had to sign it to repay the favor.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420k losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
The only thing wrong about this video was that the biggest bankers in the world other than JP Morgan were black or were women lmao women can't be bankers or gamers
This is literally how finance works - brining future money to today is how we companies build things. No Fractional reserve banking means no innovation just communism
I think we should ALL be questioning why the banks need a bail out? Of course we know they don't; was there any objection? I for one want my money in the Monopoly box - which is where the value lies. Isn't it curious that the secret location is named Jekyll Island??
@5:25 - put on the brakes..... did you explain where the FED gets the money it loans out to banks?? no you left that part out! the most crucial part of the plan to centralized money....the FED creates money out of thin air - it's spurious - not real. Was based on gold, but the FED sold the gold or stole the gold. Now, the money is based on debt...the debt to be paid by your grandkids and their grandkids. But that's so far away...so they implement "income tax", and we're enslaved to the banksters of the FED.
For a secret meeting a ton of people know about the FED. Only people who study the history of American economy from a non-political point of view know that the FED is actually the control our politicians have over the private money held by private banks. If you think politicians should alone run the direction of our economy for their benefit then you should be opposed to the FED. Few know we've gone 90 years without a Depression. Before the FED and the FDIC and other 1930's changes we averaged a Depression every 8 years in the 50 years between 1880 and 1930. The banks don't like a boom then bust economy averaging a Depression every 8 years. A more stable economy is better for banks. Voters love booms. But few realize the price of going for constant booms is inflation followed by busts. Me, I like a stable economy without a Depression every 8 years on average. Since we haven't had a Depression for 90 years few Americans have a clue what causes them or how it would be far worse than anything they've experienced in their life. A few highly informed and intelligent people can do well in a boom and bust economy. I can see them wanting that. But for most of us a more predictable economy that's not too hot nor too cold is better to my thinking. The FED is not owned by the banks. The appointment of Fed officers by Presidents is the control our government has over our private money we put into banks. The governments control over our private, not taxpayer money. Remember that. Given 90 years without a Depression (25% drop in GNP) is a good thing to my thinking. You sure you want to change that?
How about we focus on why the bankers built cabins on top of Canaanite altars on Jeckyll? How [they] sacrificed babies to their Nephilim god's that very week. Cute video.
The funny part is that the federal reserve creates the panics. Thats how the bankers pushed the government into creating the central bank, by manipulating markets into panics.
@@deceiver123m I think there's some truth to that. With the system we have, I think we are better off with a central bank than without it. My main criticism is that there should be more transparency. The banks clearly are not benevolent entities and they will work in their own self interest while holding national economic fairness and stability secondary. They shouldn't be allowed to stack the deck in their favor. Keeping bankers rich while everyone takes a dive is not fair.
@@supune There should be no central bank and the founding fathers of the usa warned against it. Thats why it took the bankers all the way into 1900's to fool the people into allowing a central bank. Its a scam by the bankers, and a theft of the peoples savings. It should be illegal. And was illegal until 1913.
@@deceiver123m the founding fathers didn't know everything. Your concerns are valid. But there is a central bank in almost every nation now. Its better having one than having a economic panic every 10 years. There's probably better ways of easing booms and busts. If we were to abolish Central banks we need to come up with another way. What's the transition plan? Is it even politically possibly at this point?
I like how people are complaining about the historical inaccuracy of casting black people / women as prominent bankers of the era, and nobody’s mentioned the plastic, battery operated clock in the opening scene.
Two women and a black guy as bankers in 1907? Totally believable. The video follows very very well the universal rule that states: "The more woke and inclusive a movie is, the worse the script and the story behind will be". This video is a very good example of that law, hence it would be better to directly read the book The Creature of Jekyll Island.
the fed step in and loan them some out of their balance that has infinity amount of money which means they are scamming and then that loan is considered a national debt that people have to pay through taxes hahahah great fucking system dude
If the 20 something who runs this channel reads this, thank you for putting this video out. Alot of morons and russian bots will blow up the comments but videos like this will reach people.
Informative video, wish it would have included the next century of global human suffering caused by financial manipulation and perpetual debt slavery.
Oh you mean the same century where the human population went from 1.5 billion to 8 billion? Sounds like global human suffering to me..... NOT.
I pray for their demise daily. We will gain our freedom from the banksters after they destroy themselves trying to deploy a CBDC. They are finished.
And the truth about who it actually was that started it.
You can thank the jews for that
You can thank the juwz for that
Where’s the part about stealing the wealth of the American people? I must have missed that.
I look into when FDR ordered the American public to sell their Gold to the government ( it was stored at Fort… something) , only to turn around and sell it to Rockefeller and friends who would turn around sell it to European nations for TWICE what the American public sold theirs for.
Really it was 100 times what the public sold it for.
You mean like what the uber-wealthy are doing right now?
A private institution controls the inflation and deflation of an entire nation’s currency.
You don’t have to steal it if it’s already yours. Possession is 9/10ths of the law, as they say.
@@Lucifer777_The currency, but not the real wealth the currency is supposed to represent. The mob makes the money and holds a gun to your head and tells you you’ll use their private currency at interest or they’ll send their jackals after you.
They forgot to mention the slew of powerful people opposed to centralized banking who perished in the Titanic, which was owned by J.P. Morgan.
Mr Morgan, who advertised his ship “unsinkable”, was supposed to board it, but decided at the last minute not to. Also, none of his precious stuff were loaded in the ship.
They "forgot". It's NPR, establishment based.
I read that for myself. It's actually documented. The who's who of the time. If
I can remember, prominent people such as Straus, one from the Guggenheim family, John Jacob Astor the IV, as well as others were on board the ship. Interesting info.
@@DDqnq Astors, Illuminati bloodline!
@@Unxpekted what do you mean by the establishment ?
Conspiracy theory
Somehow I don’t think the actual bankers were nearly this diverse. ;-)
Of course not
Ridiculous...and misrepresenting history
Revisionist Historians for artistic effect
Would it make you happier if they were all white men in this video?
Sarcasm is lost on people. I enjoyed the video, learned some stuff, and appreciate the diversity on display because it isn’t race/gender correct. Geez... >:(
Read "The Creature from Jekyll Island" for the real story, if you don't want the 2nd grade level analysis.
It did okay for a 6 minute video though.
I'm not sufficiently interested in monetary policy to read a book about it.
But thanks anyway.
@@lsnows That kind of genuine, helpful reply to my dismissive sarcasm is what keeps me coming back to the NPR Comment Section-community.
@@user-di3st1ei2j Touche.
Or you can read "The Bear from Jekyll Island"
The federal reserve is a grandchild of the Bank of England, which funded both sides of European conflicts for hundreds of years. For years prior to its conception, the Bank of England pressured the US to establish its own. The Bank of England had a big problem with the success, stability, and efficiency of the US non-gold-backed currency for many reasons. A central bank in the US would give the Bank of England the perfect means to manipulate American finance. Unfortunately, they got what they wanted😔
can you give me more info on this? About Bank of England and how they control the world economy
@@rolly6020 speaking about central banks in general, they loan money to different countries financing wars, municipal projects, or anything else ANYONE needs. They set the interest rates of whatever country they’re in- included is the power to start or end economic depressions. They also control the money supply, which extends to control over a country’s inflation rate. In the United States, the Federal Reserve is a private bank, making the name misleading
it is also been stated, that at this meeting, the Financial system would be shifted over to the East. Was the TPP and Paris Agreement the first stage of this? Is there any correlation with agenda 21 and this "changing of the guard?" Is there any correalation with COVID 19 and Agenda 21? How does China fit into the restructuring of America? How much debt was intentionally borrowed in order to make this transition a reality? hmm..."we'll see".
And finally who was behind the COVID 19 poison? Who and what forces were invoked to make this happen? gues we'll just SEA
Federal reserve control by THE ROCKEFELLERS,THE ROTHSCHILD,MORGAN
do you know any good books or some worthy mention quotes on this topic i need some for researcher thanks.
2:13 LMAO. Imagine thinking that a single one of the bankers looked anything like this.
Oh wow
oi vey, shut it down
It’s all about the “optics” nowadays.
Propaganda spread so thick....Stanley Kubrick would be impressed.
I was thinking the same thing.
i was hoping someone would say it and low and behold , here it is . Why skew the truth so harshly , It is what it was . Good luck trying to Re Write History .
A bank run wouldn't be any cause for concern if bankers didn't practice fractional-reserve banking!
That's how any modern banking system works
@@sadoon1000 Unfortunately! What other line of business can run like that?
@@sadoon1000 no shit Sherlock. That’s the crime. All banks are run the same way because they’re run by the same bankers.
You know there's a other word for bank run...
Ponzi scheme
But they won't tell you that.
@@adiintel1 Excellent point!
And that's how you create a debt based skavery system.
Good old slavery for the common people, tax true money and stealpur wealth
Yup.
And created money in air
No you do not. You create a slavery system based in debt when you have a government that monetizes its debt and then taxes the income of the individual to pay for the interest and rolls over the principle into new debt never paying it down. Banks are not the problem, Governments are.
@@bobann3566Lol, who do you think the government is a slave to? Oh, that's right.... The Federal Reserve
My tax dollars paid for this misinformation. 🤦♂️
Nothing here is misinformation... The acting is done by thespians ... But the facts are all facts
@@jdewalt9847 thespians don't make it true. This is misinformation, and it's recorded by the hands of those who were actually there.
💯. NPR = propaganda
😂 So intuitive. These inbred sociopathic parasites are humanity’s greatest enemies. They won’t get away with their plans this time around. They are finished.
@@Unxpekted Ok, here's your chance to send a really succinct link to explain how it really should be known. How was the (U.S.) Federal Reserve begun? And/or whatever else you can enlighten us with, please.
What genuinely scares me is that enough people will happen across this video and, having an attention span blunted by social media, will take it at its word and not go any further.
We're doomed.
If I haven't lost you yet, go read The Creature From Jekyll Island.
I read the book and this is pretty accurate
@Adam Walker, agree! I wanted to watch it to see just how NPR framed the story. As usual propaganda bullshite!
💯, misinformation from good ol' establishment owned NPR
Private bakers with so much influence over our governmenr economy, that meet in cloak and dagger like settings,....I'm sure they always act ethically, right?
Bankers bailing themselves out you say? So there's no reason at all to have it then. Got it loud and clear.
This would imply that we don’t need banks then? Or want banks?
@@dabaddesthombre2092 no that we don't need the fed
What solution do you have to the banks failing?
@@jarry1595 the better question is should we commodify people? Should we accept that those with disability have a harder time making others money, creating less worth in their existence? Should we allow that they get stolen from, should we pressure them into suicide? Or should re regulate the banks and take care of people based on their needs? Rather or not a rich person, someone who gets paid to exploit others while not working, happens to lose money that is stolen from others, I'm not exactly going to be too bothered. Should banks in themselves exist? Sure, there's use for them. There's a larger use in other forms of banking obviously, but banking as a concept is fine. However if every major bank failed right now, we'd have a functioning economy for a short period of time. By fail, I mean completely liquidate with none of the assets being passed on. The minor banks who aren't credit unions are welcome to exist so long as we stop bailing them out. We shouldn't purposely make a non-cyclical economy. Pay people, they buy things, they get paid more, they buy more things. This is a working economy. Something I haven't seen my entire life. Yet the only thing someone can do to counter any of this is to mislabel me as a communist. The worst part of the hyperreal is having any kind of conversation about politics. Anyway, tl;dr is I think it's more important to regulate. They shouldn't have as much power as they do. I just want to live in a country where corporations aren't part of the executive branch (e.g. Chile coup).
@@jarry1595 Crickets.
Who was the black banker in 1907?
Diversity hire
Likely a cousin to the women.
The Fed is toast. Evil private syndicate. But you knew this...
I love how my tax dollars go to creating propaganda
I wasn't sure if they were going to make it out to be pro or against the fed.
But then when the duck hunters were "diverse" and it was NPR. I knew they would never make them out to be villains. I knew that it was pro fed. And I was right.
Are you sure it wasn't the fact that the banks were handing out fraudulent receipts and hoarding their gold? Rather than a earthquake suddenly causing a financial collapse. I've heard alot of ideas but this ones definitely creative lol
Planet Money: So the Fed makes your money safer!
Ron Paul: **Glowers Intently**
@@Dasein2005 and tiger woods is a novice golf player
@@herbmaaster
Like you have great taste and judgment. lol.
Ron Paul said the Constitution should be legalized. Says everything you need to know about how we’ve been scammed. Conservatives say Trump is the answer. Liberals say Biden is the answer. I say the Constitution is the answer.
Moloch was the inspiration for the Federal Reserve.
END THE FED
It's my understanding that the house they created the banking system in was built directly on top of an altar of the Timucua tribe. They were tall averaging 62-64in, and allegedly would offer their first born to be clubbed in a ritual. It is said that the house was built on said altar, where Rockefeller and JP Morgan altered history forever.
on Jekyll island?
Holy fuck y’all are dumb
62-64 inches is tall?😂 60 inches is 5 feet ! So at the most 5'4 is tall ? 😅
Behold, I will make them of the synagogue of Satan, which say they are Jews, and are not, but do lie; behold, I will make them to come and worship before thy feet, and to know that I have loved thee.
I can't take this clip seriously, when they showed Women and Blks as actors owning Banks. At that time that wasn't possible. Leave it to politically correct N.P.R !!!.
What a pity that you're willing to stop right there because of that.
@@connectropy because its a misrepresentation my love
I don't think this explains why Banks are safer now than 1907. The Fed had limits on how it could act in the 2009 global financial crisis. It couldn't save every bank and nonbank.
Why did they have to do something about panics, because they loaned out too much of the depositors money because they were greedy.
The story is impressive but I’m more concerned of how we know it
finally someone with a very good question!
We only know it because it's not the truth. It's propaganda. You think that NPR is going to tell you anything critical about the US globalist system? If so I have a bridge to sell you
Wow
the Creature From Jekyll Island 👃
Wow, that was a whole lot of misinformation. Thanks for leaving everything out
What do you mean thank? The FED is the reason for all our problems.
But at first wasn't the money that the Fed lended based on actual gold held in storage, rather than (basically) a promise like it is today?
Yes was fiat currency based on the value of gold reserves each country held
Right, it conveniently left out how our money is now fiat money, no longer backed by gold and this makes the American dollar very volatile. There is no tangible asset.
@@kimberly_cristinaIsn’t it supposed to be partially backed by oil?
its okay to say the jews, the goblins, the nomads, or anything else, you will be right.
Yes, but where does the central bank get its cash ?
After 1971 it gets it from creating money out of thin air and exchanging this “new money” for government bonds etc. which the government uses to pay for its deficit spending. although it has become more complicated over the last few years. Most people don’t really notice this process and assume prices naturally go up forever.
Monopoly making machine thst prints out fiat fake money worth no value. Counterfeit making in variois states.
I'm more scared after watching that.
But the Central Bank is not owned by government. It is owned privately. Please add this to the story. Thank you
I understand Planet Money is a creative and entertaining arm of NPR in hopes to explain the Economy in entertaining short digital content. But in the case of the start of the beginning of The Fed .. this is embarrassing.
The Fed was formed by a group of 6 patriarchal white men who met in secrecy on Jekyll island.
Jekyll Island was the summer home of William Rockefeller. And the organizer of this group and the chosen by JP Morgan.
And the meaning of why The Fed was formed and who it was formed by loses all its contextual meaning for America then and today when the actors playing the 6 powerful men in the world of politics and in banking .. are being played by women and people of color.
The Fed was set up a by a society that wasn’t meant to foster growth for the ancestors of the actors in this vid. And when this story is told correctly, you understand how America at the turn of the 20th century had a Federal Reserve that was set up by an elite few to help and protect the top 1% of its society .. themselves.
And today in 2024 most of that is still true.
If Planet Money’s goal is to find creative stories that make sense of complicated forces that move our economy and shape our lives .. they totally missed the mark.
Maybe this is was one story Planet Money shouldn’t have tried to explain. Because in the end they failed. They make it sound like some fun kooky scheme where some random group of people had to dress up in hunting lodge gear because for a “top secret” meeting to protect Americas Banks!
It wasn’t a fun kooky scheme and it was sad to see it treated as such.
It makes for a good story unfortunately if you believe that I have an island to sell you for $100. The creature from Jekyll Island more accurately describes what happened in 1913 moreover, if you look at how many Americans moved to Canada around that time It shows just how bad things were.
Haha money printer go brrr
I think this recording/podcast in November of 2015 but I guess it's still correct today. So why republish this now? Is it because of the falling value in the US stock market? Okay, banks are safe but my retirement is almost entirely invested in the USA stock market. There's no Government safety net in securities is there?
I suspect that the people that do really well in the stock market very likely have some form of inside information and that the government is not insensitived to police these people very closely as long as the keep a low profile. Let's face it, the unwashed 99% are only able to ride on the coattails of the 0.1%. This is the true trickle-down economy. Crumbs for the rest of us.
If I recall correctly, according to the book "the creature from jekyll island" JP Morgan actually CAUSED the panic of 1907 by calling in several large debts, to generate desire for a problem to the solution, which would be the federal reserve. Central banking is a convoluted and complicated institution of slavery, which American founders fought so hard to prevent. Benjamin Franklin knew the solution; colonial scrip. You probably know it as individual issued checks, or gift cards. Colonial scrip takes the power of money out of the bankers hands and puts it back into the individual where it belongs. A digital version of colonial scrip would solve the worlds problems.
#EndTheFed
I read The Creature From Jekyl Island. That book makes the federal reserve and all its creators sound like the devil. Is it really that bad?
How well did you read the book if you need to ask that question?
@@InsipidRoustabout authors have their own bias. Never bad to ask questions
yes, its worse.
The Aldrich plan
You skipped when Taft said he would never sign that bill and they founded Teddy 3rd party run so Wildrow Wilson could win and sign the FRC
Big banks contributed a huge amount of money to fund Woodrow Wilson's presidential run in 1912. When the bill establishing the Fed reached Wilson's desk in 1913, he knew he had to sign it to repay the favor.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420k losing value because of high inflation. Where else can we keep our money?
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly
You left out the part about the people who opposed the reserve all being killed on the Titanic...
The only thing wrong about this video was that the biggest bankers in the world other than JP Morgan were black or were women lmao women can't be bankers or gamers
Lmfaoooo
The ONLY thing?😂
Blah blah blah... was this video funded by Chase and Citi?? Sounds like horseshit to me.
There'd be no panic, if banks didn't lend out more money than they had on hand.
EXACTLY!
This is literally how finance works - brining future money to today is how we companies build things. No Fractional reserve banking means no innovation just communism
@@haloforgeguy453 not being able to conjure new money into existence means communism?
Explain.
@@adamwalker2377 banking is what makes capitalism work - if you can’t invest you can’t grow - no banks to lend you money and your fucked
@@haloforgeguy453 who said anything about not lending money?
I think we should ALL be questioning why the banks need a bail out? Of course we know they don't; was there any objection? I for one want my money in the Monopoly box - which is where the value lies.
Isn't it curious that the secret location is named Jekyll Island??
@5:25 - put on the brakes..... did you explain where the FED gets the money it loans out to banks?? no you left that part out! the most crucial part of the plan to centralized money....the FED creates money out of thin air - it's spurious - not real. Was based on gold, but the FED sold the gold or stole the gold. Now, the money is based on debt...the debt to be paid by your grandkids and their grandkids. But that's so far away...so they implement "income tax", and we're enslaved to the banksters of the FED.
People need to stop paying taxes.🤮🤮🤮🙄
This You Tube is meant to wet the interest of the young and/or naive searching sycophants:) It's pretty hillarious the more you know.
The federal reserve used to be completely reliable until the gold standard ended
Thanks for the "G" version... for the "R" version read The Creature of Jekyll Island, you'll be grabbing your face in horror.
multi racial bankers portrait
Don't spend what you don't have. US Government: "No."
*to save the banks we must have inflation. To hell with poor people
so why are we protesting trump rallies instead of the federal reserve?
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For a secret meeting a ton of people know about the FED. Only people who study the history of American economy from a non-political point of view know that the FED is actually the control our politicians have over the private money held by private banks. If you think politicians should alone run the direction of our economy for their benefit then you should be opposed to the FED. Few know we've gone 90 years without a Depression. Before the FED and the FDIC and other 1930's changes we averaged a Depression every 8 years in the 50 years between 1880 and 1930. The banks don't like a boom then bust economy averaging a Depression every 8 years. A more stable economy is better for banks. Voters love booms. But few realize the price of going for constant booms is inflation followed by busts.
Me, I like a stable economy without a Depression every 8 years on average. Since we haven't had a Depression for 90 years few Americans have a clue what causes them or how it would be far worse than anything they've experienced in their life. A few highly informed and intelligent people can do well in a boom and bust economy. I can see them wanting that. But for most of us a more predictable economy that's not too hot nor too cold is better to my thinking. The FED is not owned by the banks. The appointment of Fed officers by Presidents is the control our government has over our private money we put into banks. The governments control over our private, not taxpayer money. Remember that. Given 90 years without a Depression (25% drop in GNP) is a good thing to my thinking. You sure you want to change that?
How about we focus on why the bankers built cabins on top of Canaanite altars on Jeckyll? How [they] sacrificed babies to their Nephilim god's that very week. Cute video.
Thank you Mr willson for IRS and income taxes :)
Surprised NPR would openly talk about their overlords.
OR IN OTHER WORDS: THE BIRTH OF THE DEVIL
But what if incompetent corporate crony puppets even worse than Trump are the new norm?
The funny part is that the federal reserve creates the panics. Thats how the bankers pushed the government into creating the central bank, by manipulating markets into panics.
@@deceiver123m I think there's some truth to that. With the system we have, I think we are better off with a central bank than without it. My main criticism is that there should be more transparency. The banks clearly are not benevolent entities and they will work in their own self interest while holding national economic fairness and stability secondary. They shouldn't be allowed to stack the deck in their favor. Keeping bankers rich while everyone takes a dive is not fair.
@@supune There should be no central bank and the founding fathers of the usa warned against it. Thats why it took the bankers all the way into 1900's to fool the people into allowing a central bank. Its a scam by the bankers, and a theft of the peoples savings. It should be illegal. And was illegal until 1913.
@@deceiver123m the founding fathers didn't know everything. Your concerns are valid. But there is a central bank in almost every nation now. Its better having one than having a economic panic every 10 years. There's probably better ways of easing booms and busts. If we were to abolish Central banks we need to come up with another way. What's the transition plan? Is it even politically possibly at this point?
They forgot to mention they also make 5% of the interest collected.
JP Morgan is the GOAT!
Don't worry. Rich bankers aren't in it for the money. They're in it to help you and me.
One-sided propaganda. Half truths and spinning
Yep....100%
Aldrich was also Rockefeller’s father-in-law
I like how people are complaining about the historical inaccuracy of casting black people / women as prominent bankers of the era, and nobody’s mentioned the plastic, battery operated clock in the opening scene.
It's so disgusting my tax dollars paid for this... 🤮🙄
The jazz music 3:35 we gotta do something abt these panics, reminds me of the white wall video in bojack horsemen.
We need to all reject the federal reserve .
Interesting video. Also defund NPR, boycott all journalists, learn to drive a truck.
Two women and a black guy as bankers in 1907? Totally believable.
The video follows very very well the universal rule that states: "The more woke and inclusive a movie is, the worse the script and the story behind will be".
This video is a very good example of that law, hence it would be better to directly read the book The Creature of Jekyll Island.
😂 Half of the most powerful bankers were women? Not even true today.
Pure propaganda...
I guess we can tell who’s a proud supporter of NPR.
Titanic strange time lot of powerful men went down with her
the fed step in and loan them some out of their balance that has infinity amount of money which means they are scamming and then that loan is considered a national debt that people have to pay through taxes hahahah great fucking system dude
Making a joke about something like this is absolutely disgusting. 🤮🤮🙄😊
Money that is real can be not real, and money that is not real can be real. That pisses me off!!!!
Who owns this central bank??????
The Rothchilds probably. And if not them then some other banking dynasty.
@@mollykeane2571 THE ROCKEFELLERS, THE ROTHSCHILD many more...why they are doing it.. answer it they want to create a world government
Very informative
#PropagandaPiece
Central banking is evil.
When do they admit that San Francisco was not a lesbian mecca until they all moved from Portland after moving from Seattle in the 1990's
If the 20 something who runs this channel reads this, thank you for putting this video out. Alot of morons and russian bots will blow up the comments but videos like this will reach people.
BS diversion from the truth
The less said the better about this video.
Now can thank the bankers - central banks 10/10’worked out 😊😊😊😊😊😊😊😅
Fed money have fail money and bank
Federal reserve ACT?! 5:19 u gotta b kiddin me
Imagine working hard and paying taxes just to get screwed by these privileged clowns
love that animation funny too.subscribed.
End the Fed #FJB
You... want us to thank them? For establishing a system whereby the only way we can pay our debts is to... borrow more money?
1907 black , female bankers ?!? 😂😂😂
Cute and I never thought I'd say that about this when i turned it on "Fun In Banking" lol