The Corrupt Origins of Central Banking in America | Thomas J. DiLorenzo

[@CHUCKtheFED]

One of my favorite historical speakers

[@markelder4944]

This man is a national treasure

[@RightToSelfDefense]

I am a big big fan of Thomas DiLorenzo but I had to add a Little Correction: Hamilton did not leave the convention permanently. The Philadelphia Convention of 1787 lasted from May until September. The three delegates representing the State of New York were: Robert Yates, John Lansing, and Alexander Hamilton. Now, during the convention Hamilton did leave but only for only a while for a break. He came back. However, by the month of July, Yates and Lansing had seen and heard enough of the various drafts and debates that they saw the writing on the wall. They knew where the convention was eventually going and so decided to have no part of it and left in protest. They went back back to New York to persuade their not to ratify this new constitution. They should have stayed to see the final draft. The only delegate left representing the State of New York was Hamilton. And he signed the final draft of the Constitution, even though later he called it a worthless piece of parchment. Did he really believe it was worthless? As soon as the final draft came to New York for ratification and in response to the Anti-Federalists criticisms, he started writing the Federalist Papers in defense of new prospective constitution in order to get it passed by any means necessary, because even though he initially considered worthless he believed it was enough to suite his Nationalist Agenda.

[@gotti786]

Anyone remember the $750 billion bailout after that massive crash of the mortgage market in the US due to the astronomical level of corruption in the US economy? Yeah, me neither. For many years I have wondered why so many of the major centers of the world have grown so massively in recent years. I'm talking about the skyscrapers and other massively expensive buildings that fill the major financial centers of the world, including Toronto, Dubai, and others. A couple days ago I watched the movie The Big Short, which is about that massive market crash in 2007, and the handful of people who saw it coming. Just to give you a bit of background: The massive housing bubble in the US started when someone in the 1980s realized that they can make more money by selling loans packaged together rather than selling them individually. Initially they would package loans that belong to people with good credit rating, But as time passed, and after these loan packages were filled with more and more loans - thousands and thousands at a time - they began running out of loans with good credit ratings, and so they ended up mixing in some mediocre and not so good credit ratings into the mix. And because everyone was making so much money, no one bothered to look. People made millions upon millions, and some made billions from these packaged loans. So not only were a few people funneling enormous amounts of wealth from average citizens into the pockets of banks and bankers, when people were forced to foreclose on their properties the banks kept everything. And then when the market crashed the US government took $750 billion from the money of the average citizens and handed it all over to the wealthy bankers, where some CEOs even received millions of dollars in bonuses despite their criminal behavior that caused the collapse in the first place. In other words, money was funneled to a few wealthy people in a way that has never been seen before in modern history. After I finished watching the movie - and after the overwhelming anger and frustration from the sheer corruption of it all subsided - it dawned on me that the only way anyone can build these massive skyscrapers and massive entertainment centers is by being a billionaire. What I'm saying is, the reason why the Toronto core has grown so massively since 1980, and the reason why the rest of all these major centers have grown so massively since 1980, is because of this absolutely obscene funneling of wealth from the masses into the hands of a few. Go look up comparison pictures of the major downtown cores of the world that compare the modern day core compared to what it was in 1980 and you'll see what I mean. When wealth is distributed fairly among the masses, nobody has such a concentration of wealth where they can build a skyscraper for hundreds of millions - even reaching billions - of dollars. But when you have individuals who have tens of billions of dollars, they can easily build a skyscraper for a few hundred million or even a billion dollars. The point of all this: These big beautiful skyscraper-filled city skylines that we love and admire so much are a symbol of the absolutely corrupt and obscene concentration of wealth in the hands of a few, while the masses suffer more and more every day because of it. So whenever you drive through downtown-whatever and admire all the massive buildings, know that this was all built on the pain and suffering of everyone else in society and everyone else in the world.

[@duggydugg3937]

bailouts are costs passed on to us taxservants...

[@TTSSYF23]

The book "Liar's Poker" by Michael Lewis, details the roots of "mortgage backed securities", started by Lew Ranieri at Soloman Bros. in the 80's. Here is one quote, "Lewie would say he thought the market was going up, and buy a hundred million [dollars’ worth of] bonds. The market would start to go down. So Lewie would buy two billion more bonds, and of course, the market would then go up." There is one axiom that describes the Banking industry in specific and the matrix of the world in general -- MANIPULATION BY DECEPTION. Everyone comes to understand this truth, better sooner than later. When one group controls the media they have the means to manufacture or remove any narrative they want to ( again, manipulation by deception as a means of control) When the same group controls the banking system, they have the means to build or destroy any economy or business they want to (and I repeat, manipulation by deception as a means of control). Control of the banking system also gives them the ability to punish or thwart anyone who would shine light on the control of all media narratives. It's a vicious circle and it's meant to be that way. They don't give a rat's about the individual or the masses, only to use them as farm animals for their wealth manufacturing. And if you think this is a "new" state of affairs, Plato was describing man's plight in the Manipulation by Deception matrix 2500 years ago. (see Plato's Allegory of the Cave).

[@duggydugg3937]

@@TTSSYF23 deception is their way.. so is BLACKMAIL especially for the CBD central bank dynasty....CBD has seized control of the world's central banks.. therefore CBD originates all currencies...all money...the pyramid ⚠️👁️ lends money to gvts.. gvts spend... gvts try to use tax revenue to repay the loans ..loans secured by government bonds !!! all nation states are in debt directly to CBD owned central banks.. or bondholders who bought bonds with money already in circulation..C I P china ...pimco etc

[@TTSSYF23]

@@duggydugg3937 yep yep, very good points. they love the pyramid :) , deception, blackmail, media, debt...all control mechanisms.

[@beejcarson]

Capitalism did a capitalism. There’s no fair distribution under capitalism. People who are smart and hustle figure out how to maximize profit. Individuals will happily burn a market, a market sector or entire economies to the ground if they can walk away with a giant mound of money if they can do su before the crash hits,p.

[@ScoobySnackRocks]

Love his take on Hamilton. Its even better hearing it in Pittsburgheese...haha!

[@duggydugg3937]

Hamilton was a f****** Traitor.. he worked for the Rothschilds.. he set up the first of the three central banks of which the Federal Reserve is the third iteration.. criminal Ponzi ..debt monster..

[@TWayneD1020]

He needs to be over the financial in the UNITED STATES !!! Notice I didn't say politician, which is now the dirttest word in the world !!!!

[@BobWidlefish]

30:40 “not soon enough” Aaron Burr society.

[@dtomos]

Ugh... This sounds like the plot of Episode III @9:50 with Morris choosing Hamilton as his protégé

[@jusrarsh4109]

Have an emergency fund with your bank. After that run away from the banking systems. Invest the rest in solid reliable assets.

[@BuyTheDip627]

No captions?

[@turtlesaurusrex3362]

Close your eyes, you hear Mark Ruffalo. You're welcome

[@patrickmccormack4318]

Thomas J. DiLorenzo, do you currently teach History of Economic Thought? In those lectures do you cover the work of Karl Marx, Henry George, and other prominent "progressive" ideologies? Economic Paralysis and its Antidote - Geophilos (Mason Gaffney & Fred Harrison) kzbin.info/www/bejne/mp2aZpqohcaHmNk My Greedy Generation - Geophilos (Mason Gaffney & Fred Harrison) kzbin.info/www/bejne/hqjOp3uGo6mkrbs

[@MrNatyLight]

#ninjanation

[@joem8212]

I’ve been wondering why Hamilton is being propped up so much by modern culture... this explains it

[@BackToConstitution]

Very informative! Thumbs up #67

[@kristiblack4789]

And to this day everyone is being subject to and ruled by Universal Commercial Codes controlled by the World Bank in the City of London and "enforced" by Admiralty Laws of Propaganda and Profit-Seas!

[@susettesantiago5509]

A history……………………..the Hamilton’s……………..in peerage…………….only the Duke of Rothesay is higher than the Hamilton’s………….the Duke of a Rothesay being today’s Prince Charles……………..Alexander Hamilton was no orphan………………who the hell still believes that you can get to be the Head of treasury……………you have to be a moron to think that Alexander Hamilton knew nothing about finances when the house of Hamilton has always been involved in the Crown banking…………he was of the house of Hamilton……………and the Hamilton’s were also involved in one other small historical event……………the house of Hamilton as Lord Hamilton during WWII………..received a an interesting visitor who landed in England having flown from Germany…………Rudolf Hess……………..Rudolf Hess from another famous family…………..House of a Hesse……………of course originally the Hessians

[@georgeyao436]

Jekyll islander conspiracy.

[@maninthewilderness4]

Interesting that Tom DiLorenzo gave a talk, which is also on MisesMedia, exactly 3 years ago, with exactly the same title.

[@Lechteron]

Well yeah. You do realize that these speeches are more for live students, right? Mises U has a few reoccurring speeches like Bob Murphy's annual "The Market for Security" speech. They change a little every time of course.

[@maninthewilderness4]

Yes, I do. But since they are already on KZbin, I would have thought that a lot of the students might have watched them before they arrived. If the speeches are repeated regularly, I would have thought they would not put them on KZbin.

[@Lechteron]

I don't see why not. The speech isn't exactly the same and I'm rather thankful for the "Market for Security" speeches anyway. Back in 2011 that speech was final straw that broke my minarchism and made me go full AnCap. Wouldn't have found it if it didn't come up in the new videos. They're also not primarily a KZbin presence, that's at best a side thing that they do because it's convenient for some people. May as well archive it all.

[@maninthewilderness4]

Fine. Just not what I would have expected.

[@aaronbrown8079]

If the market is flooded with sound economic teaching videos, naturally their price will decrease and thus their demand increase! :D