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Comment count is 25
fourthguy - 2012-09-01

Some of those Youtube comments are pretty amazing too.

Hooker - 2012-09-01

I always love the high I get out of this sort of grassroots evangelizing / demonizing the power elites, but it never lasts for more than a few minutes before my depressed, hopeless cynicism kicks back in.

garcet71283 - 2012-09-01

But then they go crazy and claim that Abraham Lincoln and John F Kennedy were assasinated by the same 100 year old conspiracy to prevent the printing of more money.

Rodents of Unusual Size - 2012-09-01

I feel that way about Jesse Ventura. He was pretty sane up until he completely went insane.

badideasinaction - 2012-09-01

A clock running backwards at double speed is right more times a day than a stopped clock, but that doesn't mean I want to believe it in general.

Old_Zircon - 2012-09-01

I'm at 3:00 and so far he's been pretty on point.

Oh wait, yeah, now he's on the "solutions" part. Never mind.

That guy - 2012-09-01

thanks for putting this up, but on a gut level, I suspect that this guy is a world-class crank

kamlem - 2012-09-01

Only since the industrial revolution have people been treated like commodities.

lordyam - 2012-09-01

rome was built on the backs of slaves, yo

garcet71283 - 2012-09-01

And didn't the industrial revolution effectively end slavery to boot?

Raggamuffin - 2012-09-01

The 9 distinct nations of the USA: The Dirty South, Texas, Red Sox Nation,The California Republic , Wu Tang (of the 36 chambers), Man vs Food Nation, Cloud City, Candyland, Area 51.

fatatty - 2012-09-01

Blog that.

Oscar Wildcat - 2012-09-01

Well he certainly made his point. If there was any question about how foolish and out of touch our intelligence agencies are, consider that this man was once a valued employee.

"I can eliminate income taxes by simply taxing the federal reserve".

That's some world class stupid right there.

badideasinaction - 2012-09-01

That was the point where he lost an sort of point he was making.

wackyakmed - 2012-09-01

Why is taxing money printed by the Fed a crazy idea? If I understand the basic process, the Federal Reserve (comprised of banking interests) prints free money, gives it to the banks, and the banks loan it out at whatever rate they decide. Wouldn't it act as a financial industry tax that would be impossible to avoid?

Oscar Wildcat - 2012-09-02

OK. Let's replace the income tax with a Fed tax. Tomorrow, the prime rate jumps from the current 3% to about 30%. Creditors are in heaven. For a while, anyway.... Debtors get pretty squirrelly when they can't eat.

poorwill - 2012-09-02

Well, this guy is *possibly* a nut ... but I really don't think you understand the implications here and I suggest you consider them a little more. Broadly speaking, without putting forward or endorsing a particular plan, a money tax is a very good idea that would solve a LOT of problems if you could build up enough confidence in the idea.

poorwill - 2012-09-03

I think this is what he was talkign about, btw:

wackyakmed - 2012-09-02

I have no idea if a .02% tax on all money created by the Fed could in fact replace taxes on a level this guy is advocating. Saying that it would lead to a 27% increase in the prime rate though... that strikes me as the same logic used by the right when they say "we can't raise taxes the rich, because then they'd never work."

wackyakmed - 2012-09-02

That was in reply to Wildcat.

Oscar Wildcat - 2012-09-02

Well with Ben B's zero interest rate policy, the Fed currently loans the banks money "for free" and we all pay a minimum 3% on top of that to borrow from the banks (prime rate). Any tax on the fed is equal to an increase in the fed rate, which the banks pay and by extension we pay. Do you see my reasoning? Put some real numbers in there, and see what percentage it would have to increase. I don't trust his. The only thing I like about the idea is that it would force the Fed to increase their rate, something as a creditor I would like to see. But I doubt the party would last long... Especially when the Government realizes that all it need to to fund anything it wants to to raise the Fed tax. No voter would deny it, yet after a time it would become impossible to borrow money.

poorwill - 2012-09-02

So? That's just a terrible system and needs to be changed anyway.

poorwill - 2012-09-02

Also, borrowing money is half the problem anyway.

Rodents of Unusual Size - 2012-09-03

Yeah, the Federal Reserve creates something ridiculously high interest with the money it creates from nowhere. It should be abolished once and for all.

exy - 2013-08-19

Well, that certainly seemed... pretty accurate.

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