The Money Masters
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About the Author: NC Scout
NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .
Ahhh. That great theme music. Brings back the 80s and the Army training films.
It is a great documentary. I saw it years ago. Very similar to the book – The creature from Jekyll Island by GE Griffin.
This is a good documentary, however there are a couple of themes it presents that I feel are misleading. First, the control of the supply of money, whether it is government treasury or a private Federal Reserve system is problematic. It incentivizes the creation of money to suit the needs of those who control it. It is government spending beyond its means that devalues currency, regardless of who controls it. It is legal tender laws that enable Grisham’s law where bad money drives good money out. In Grisham’s time, Kings who controlled their treasury would debase coins by “clipping” or scraping off small portions of precious metal in order to spend more than they had. When there is no ability to have competition in legal tender, you see the real value of money quickly depreciate because people prefer to save the intrinsically more valuable money and spend the intrinsically less valuable money. Without legal tender laws, commodity values will float and the supply of the commodity will have no bearing on purchasing power.
Second, Lincoln was a bastard regardless of his position on centralized banking before he died. Slavery, more importantly, the 3/5ths clause of the Constitution was a compromise in order to get both the North and South to agree to the compact. That 3/5ths clause was a hold over from the Articles of Confederation. The biggest issue the Antebellum South had with the North was that was significantly less populous and any form of “democratic” representative government