The problem with a fiat currency...

Thom explains the good and bad about our fiat currency. If you liked this clip of The Thom Hartmann Program, please do us a big favor and share it with your friends... and hit that "like" button! http://www.thomhartmann.com Follow Us on Twitter: http://www.twitter.com/thom_hartmann Subscribe to The Thom Hartmann Program for more: http://www.youtube.com/subscription_center?add_user=thomhartmann

Comments

1. you can buy any asset you want with money just trying one asset to money doesn't change that
2. I know this one! Most conservatives are liberal or on medication! :) Just kidding :)
3. Remitting "profits" to the Treasury is another part of the smoke-and-mirrors Fed scam. Sure, the nat'l Fed is "non-profit", but the 12 regionals are not. And, in any case, Treasury is just a tiny fraction of the overall money supply. Big picture: the "issuing power" for our currency is controlled by the private banking industry and not by The People. And that suits the big-money interests just fine. Meanwhile, the FRS gives the illusion that we are still in charge. Just the way they want it.
4. Flaherty's info is good, but he misses the point that "government control" is an illusion. The Fed governors are all appointed from the ranks of "industry leaders" who are themselves mostly bankers. It's impossible to have a Fed Chair that truly represents The People, because no president would dare appoint one and senators would never confirm such a person. They know where their bread gets buttered, and (except for Bernie Sanders) haven't got the stones to take on the big money interests.
5. Once again...I want you to think for yourself, not someone else or whatever your political party thinks that you hold allegiance to. Same goes for a fiat currency...if you support it, why is that the case? Same goes for Obama's Afghan policy...why do you support it?
6. You asked why I think conservatives are trying to destroy the middle class. If you bothered to listen to Hartmann YOU WOULD KNOW.
7. Yes, I listened to Thom. Not sure what your point is. I'm interested in your opinion. And for the future, it's easier to know who you're talking to by "Replying" to a specific post, not leaving a general comment.
8. LOL. Do you even bother to listen to Thom Hartmann?
9. Once again, rose colored glasses. And please make the case that conservatives are TRYING to destroy the middle class.
10. Actually, Obama ramped up to double the amount of forces in Afghanistan when he entered office. Remember, that was in the beginning of 2009. And he gave an exit plan for the end of 2014. So, that's basically 6 more years of being in Afghanistan...and for what? Please tell me.
11. I don't agree with everything Obama does, but he is a far site better than anything the conservatives have to offer, people who are actually trying to destroy the middle class and the economy of this country!
12. Oh, bullcrap. The debt /deficit is shrinking because the rich are paying more taxes they OWE and the Iraq Afghan wars are ending. More people are working and that means more revenue.
13. Yes there were, but NONE was known as the GREAT Depression, the largest ever seen. In fact, the "Long Depression" was a brief period of a sharp depression, followed by declining prices AND about 5% growth! Today, we are in "recovery", with 2% or less? My, how definitions have changed! 5% GROWTH is a Long Depression, and 2% growth, a recovery?
14. Judy! What`s wrong with you? The annual DEFICIT was $1.3 Trillion, and now is closer to 1 $trillion. This is a reduction in deficit, not PAYING DOWN THE DEBT! The vast stupidity you show boggles my mind. You are uneducated, incompetent, and your opinions have ZERO value. Why? They are based upon nonsense.
15. Oh yea...our deficit is now only $600 Billion! Break out the champagne! Much of the deficit reduction has to do with investors selling stocks last year knowing that capital gains taxes were going to be raised the following year, so they sold to avoid higher taxes. That meant more revenue for this year. Let's see what happens next year. So, do you believe our fiat currency system is working? If so, please make that argument for me because then I could at least know where you're coming from.
16. Sorry, but you're the one who needs to wake up. You talk about Washington being captured by Wall Street. Well, you seem captured by the Democratic party. I'm not a Republican, so I don't speak for them...I speak for myself. My independence allows me to see things clearly without bias. I agree that Wall Street has way too much power, but for you to marginalize the importance of our debt issue simply shows that you're towing the party line mantra. Maybe you should remove the rose colored glasses
17. Obama is actually paying down the debt right now. That's right, the debt is shrinking (now under a trillion). Could have something to do with rich people paying a little more of what they owe in taxes and the two wars ending, but this railing over the debt is a distraction from the real problems, such as Wallstreet takeover of our government. Citizens United was implemented by the conservatives on the Supreme Court who do the bidding of corporate America. Please wake up.
18. And is it necessary to turn EVERY debate into a political one? You know, there are PLENTY of problems that are created where both parties are complicit...and corporatism is one of them.
19. So, why blame Republicans for a Supreme Court decision that makes Citizens United legal? I have a better idea. A Balanced Budget Amendment. If we have to balance our budgets, then we can't afford giving away subsidies and tax breaks for anyone as the revenues will be needed to pay for all the government we seem addicted to. And that will force us to reform our entitlement programs that are bankrupting us, as well as draw down our Military Industrial Complex.
20. 1st, depends on which politicians you refer to, the weak Dems or completely bought, corporate brown nosing Tea bagger Republicans. I have more sympathy for the Democrats, since the main problem there is all the billionaire dollars spent to destroy political campaigns GET BILLIONAIRE DOLLARS OUT OF OUR POLITICAL SYSTEM! That is the problem. Roll back Citizens United for a start.