Brian Balfour | The Creature from Jekyll Island: The Federal Reserve | Fall Classical Summit
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- Опубліковано 2 жов 2024
- The Creature from Jekyll Island is the United States Federal Reserve, created in a planning session amongst the United States’ top financial representatives on Jekyll Island, Georgia. The title comes from G. Edward Griffin's "The Creature from Jekyll Island: A Second Look at the Federal Reserve" and a similarly-themed Tuttle Twins book, "The Creature from Jekyll Island."
In this session, Brian Balfour will examine a history of the U.S. Federal Reserve, its directives in maintaining employment and controlling inflation, and the unintended and often very negative consequences of monetary policy and the role of central banks.
Brian Balfour is Senior Vice President of Research for the John Locke Foundation, where he oversees the organization’s research and analysis on a variety of issues. He previously worked for the Civitas Institute for 13 years, and has a master’s degree in economics from Wayne State University in Detroit, MI.
This lecture was delivered live at the Fall Classical Summit, a regional classical conference held at Thales Academy Apex Junior High-High School on October 7, 2022.
Want to read more of Brian Balfour's work? Interested in economics taught from this perspective? Need a textbook that helps students see the vital principles and intuition behind economic concepts? Check out Brian Balfour's "Economics in Action," a high school economics textbook based on the principles of the Austrian School of Economics, available here: amzn.to/3W4cmZs
End the fed! End the fed! End the fed!
One BIG Ponzi $cheme.
@10:45/// "people started withdrawing their money and so money was kind of frozen...it couldn't move around". So the banks actually didn't have the money in reserve? is that what you're saying? why couldn't it move around? answer: because it wasn't there. Thats all we need to know.
Central banks print $ out of nothing. If we did that, we would be in jail.
The Federal Reserve Act is one of the greatest crimes ever ! 🏛
Treason against the Country, the Constitution, the citizens and the law.
This is an extremely informative video regarding how the Federal reserve controls interest rates through its indirect yet very intentional actions.
The fact that only 114 people have seen it over the last 3 months is unfortunate.
I still don't get it, do I need to care from someone who lives in 3rd world countries about what the FED are doing? Or is the problem scoped only in America?
@@toddherrera5977it's how the corrupt elite run the global economy through the us dollar, so yes important for everyone to know
More than 3K views and only 8 comments. This must have at least 200 million views and the same quantity of comments. This is US distopia.
Yeah but UA-cam is run by democratic fascists and they cheat at every turn.
Likely due to the piss poor presentation compared to a G. Edward Griffin! This guy's not much of a public speaker.
@@DavidJones-hr9bnYes, G Edward Griffin does this subject way better.
@@DavidJones-hr9bn I think it's also due to people having absolutely no clue what Economics is all about.
Not only is it being clueless in economics, it’s by design too unsexy for 200 million people’s attention span.
Money Printing + Lockdown = Inflation
Unfortunately the Fossil fuel industry has linked their fortune to inflation.
@@jsamc So have governments all over the world who have debt, because they pay back that debt with devalued currency, if they pay it back at all.
@@dallasron51They don't. It's literally impossible. Every fiat currency in existence has debt owed on it. The debt ONLY goes up until eventually it collapses.
That was tough to get through. He needs to work on his delivery. Be more engaging, polished, and smooth to keep attention.
When the fed dictates how the market behaves, it's centralized--not a free market at all.
Not to mention its creation of money
The most important information about the monetary system is completely left out of this presentation. The banks create all the money in circulation and charge interest on it. The money is created out of thin air whenever loans are made. They determine where to lend it - what big corporation to fund, etc. The are charging interest on money that they create out of thin air. They set public policy by deciding where to lend it. When the principal on the loans is repaid to the banks the money is extinguished and no longer in circulation. The problem is there is never any extra money created to pay interest on all the money in circulation. The US should not even have a federal debt. There are many videos on UA-cam that explain how money is created and how banks have gained enormous power from their wealth. The Constitution in Article I Section 8 gives Congress the power to create money. The Federal Reserve Act delegated that power of money creation to private banks. You need to learn about that.
I thought the reserve was more like 2 or 3 percent!
Just wanna say before the add is over, my brother gifted your book set to my skn for his birthday. This video randomly popped up on my feed. But this particular book got a great reaction from him. Hes 7 now, but the genuine curiosity and engagement was pleasantly suprising. Took me 30 years to learn about this theft, you guys are doing a great service!
Balfour has half wrong
The mother of all scams !
Thank you for pulling back the curtain (rememner the scene in the "Wizard of Oz"), regarding not only the origin and reason for the FED's creation, but how it impacts the economy via the mechanisims at it's disposal. Should be taught in every high school (remember civic's classes) so citizens are informed and no longer swayed by politicians (demagogue included)), and the media.
16:00 sure the bankers had their own interest, aka profits, at heart, but they needed to convince government to allow them to 'gamble harder'. It's true that gold is inelastic and having a decentralized banking system makes it hard to deal with real time economics which contributes to long painful deflations/depressions. The government wants order and stability. It's inevitable that some form of central bankng will happen. But there are known risks from central banks, greed get's multiplied, bigger bubbles, too big to fail. All symptoms we see today. There's pros and cons of any system. What's important to learn from all this is w.e. system we currently living with, protect yourself from it's flaws. Save money in assets that don't blow up when the economy or the system blows up. Real estate in valuable areas, gold, maybe a lil bit of Bitcoin, stuff that's least correlated with the system.
Jekyll Island is available at Amazon and Audible
Richard Werner a very well known economist would disagree with banks fraction reserve requirements.
Workers will not not needed during the AI Revolution. The Industrial Revolution is coming to an end.
Robinson Ruth Lopez Shirley Garcia Patricia
Wow…. It’s all an illusion! Crimes against humanity.
the 2nd key of consolidation of an empire a global empire ... from 1910,, the stealing of understanding of man kinds,in terms of perceptions towards what is wealth and riches and the concept of being rich ,,, from spiritual to physical,,the conjurations of a great mental ,emotional depression took place .on jekyll island ...
08:41
Anything to keep the hustle going 🤔🧐
Excellent interview and questions. I have one question. I understand that if a 12 foot 2x4 cost 15.00 and then goes up to 18.00 thru inflation, even if I get a 2.00 raise, I have still lost money ( 1.00) if I purchase another 2x4. With that said. How am I being robbed thru that inflation , meaning how does the federal reserve become the robber? How do they get that dollar I lost? Thank you. Mike
Who is this
The whole game is rigged!
I-25 in Denver has limit at 55 mph. The average speed is much higher in non rush hour traffic. The result is they can pull anyone over at anytime to issue at ticket or be harassed.
Counterintuitive that the result of the Federal Reserve injecting (printing) more money into the economy by buying back bonds from the local banks lowers interests rates! While I understand the concept of supply and demand, I also understand the concept of currency devaluation when it is simply printed from thin air which should be the prevailing determinate.
Only 400 views. I have forwarded this on. Great video
Great presentation. Looking forward to see if you have more out there
Actually a very good talk IMO
Hi Thales #POW2019 Kabul
Inflation is not a monetary phenomenon
Clark Kenneth Jackson Matthew Rodriguez George
🤯
12usc411 lawful money
Public policy HJR 192