Comments by "Al Loomis" (@alloomis1635) on "Where Does the Federal Reserve’s Money Come From? (w/ Richard Wolff)" video.

  1. i was reading a book , a young and ignorant lad, when i came across the author's observation that 'money and power are bound together, and if you have one, you will soon have the other.' that seemed true, and further, it explained why humanity needed democracy if we are to have general prosperity. and that is why the rich hate democracy, and stamp it out wherever it appears. madison was frank and explicit when he promoted his constitution to the convention, 'democracy would lead the taxes of the rich being spent on the wishes of the poor,' and he was going to prevent that. as he has, in large measure. so, swiss aside, an honorable exception, there is no democracy in the direction of nations, although no politician fails to laud democracy in its modern form, done for you by him. it turns out democracy requires people of citizen quality. in education and character, and you only get them in a democracy. you see humanity's chief problem.
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  2. as for the rhetorical lead question, "they print it and throw it from high windows into the streets." or they might as well. rome came to issuing silver coins with no silver in them. usa does the modern equivalent.
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