So space is imporant in a resource based economy? Thus Prince Charles would be the most powerful man in Britain then.
Nonsense. And don't get me started on old ideals when it comes to a resource based economy, it's practically stone age!
Lol. Land would be owned by everyone, otherwise you end up in the same situation as you're in now.
A resource based economy is far from stone age.
The ability to grow food isn't unlimited... you're still limited by factors such as drought, soil quality, seed supply, water supply, etc.
It's as good as. Using technology - drought, soil quality etc can be overcome. The water supply can be better managed and the weather can be controlled 100% by farming indoors. There have been lots of proposals for this, one of my personal favourites is the idea of vertical farming: indoor vertical farms based in cities that would provide for the residents there.
All we need to do is apply technology and we can overcome, or work better in harmony with nature.
So, I've watched the first part of the video... first things first, the part about the Federal Reserve is pretty close to accurate. Though the claim that the Reserve It is unconstitutional, and a very scary institution that needs to be done away with. Of course, I knew that already, especially after reading End the Fed by Ron Paul. The part I don't agree with however is the myth that the fed doesn't create enough money to cover the the interest, thus keeping the world perpetually in debt. Go read The Creature from Jekyll Island, it pretty much exposes that as nothing more than a baseless myth. Ron Paul does the same thing in End the Fed.
Yeah I've looked a lot into fractional reserve banking, and that part of the film was spot on.
As for the interest being covered, I find it hard to believe that the fed, on creating say $10billion, creates a further 5% on top to cover the interest. Because they'd have to create a further 5% on the $90billion the fractional reserve system creates after that point.
This I'm trying to look into as much as possible.
One thing the film didn't take into account I noticed was the effect of interest earned on savings. Obviously that could itself cover the interest on the debt if it was of a sufficient amount. People are saving less these days, what with the cost of living rising and wages remaining stagnant.
I didn't realize that Civil War Greenbacks were interest free... oh wait, that's because they weren't. They were just as unconstitutional as the Federal Reserve is today. They still wiped out the purchasing power of the citizens. It was the exact same thing as what the video just finished blasting in the previous section. Rather than the Federal Reserve issuing money out of thin air, the Federal Government did the same thing.
According to wikipedia:
wikipedia said:
Legal tender status guaranteed that creditors would have to accept the notes despite the fact that they were not backed by gold, bank deposits, or government reserves, and bore no interest. However, the First Legal Tender Act did not make the notes an unlimited legal tender as they could not be used by merchants to pay customs duties on imports and could not be used by the government to pay interest on its bonds.
I really need to look into this more to fully understand the implications of the green back.
So far it seems like a video with enough facts mixed in (at the start anyway) to make it seem plausible... but there are significant flaws and falsities in the video so far.
Aside from the omission of the effects of interest earned on savings, I think it has very few flaws.
Another false statement... in the economic hit men section, the person being interviewed claimed that Jaime Roldós Aguilera won in a landslide election (not an exact quote, but that was the implication). When in actuality, Aguilera had to go to a run-off before he won the presidency. It's also claiming that the deaths of Aguilera and Omar Torrijos of Panama were indisputably assassinations. You can claim that it might be the case, but you can't claim it as fact in order to further your own agenda.
If I remember rightly he mentioned just an impressive election victory. Again, from wikipedia:
I also love how Hugo Chavez is being painted as someone who just wanted to help his people, and so the CIA staged a coup against him. Riiight.
Well this has been well documented in many other places. Of course the CIA wanted him out, like the other presidents they assassinated. The CIA want pro-US leaders, people like Noriega, ordinarily brutal dictators who are easy to corrupt. That's why they hate Chavez - he won't play ball.
I missed this, damn! A good point, I would only add that also farming is also an extremely land intensive process. It is certainly not unlimited, because it can take hundreds of years for land to become fertile again after farming, even when crop rotation is in effect. You could say, it's common hippy misconception. Groovy.
Answered above.
Similarly... did I really just hear that the reason we went into Iraq in 1991 was because Saddam couldn't be corrupted? Did I actually hear that? Wow. I'm actually more than a little dumbfounded. After going on and on about how the leaders of Ecuador and Panama couldn't be corrupted, we then put Saddam and Hugo Chavez in the same group as them? They're stretching really far on this one.
I don't see the same stretch here I'm afraid. Irrelevant of how it's worded, his story fits perfectly with what happened and is still happening in the Middle East. Look at how it's actually played out - it's fits a little too snuggly to be coincidence.