SGT speaks with Bill Still, filmmaker and producer of ‘The Money Masters’ and “The Secret of Oz’ and author of the new book ‘No More National Debt’. Part 2 of 2. SUBSCRIBE to Bill’s You Tube Channel: www.youtube.com Bill Still’s website: www.billstill.com The Money Masters www.youtube.com The Secret of Oz www.youtube.com Music: “Willow and the Light” byKevin MacLeod (incompetech.com) Licensed under Creative Commons “Attribution 3.0″ creativecommons.org creativecommons.org The content in my videos and on the SGTbull07 channel are provided for informational purposes only. Use the information found in my videos as a starting point for conducting your own research and conduct your own due diligence (DD) BEFORE making any significant investing decisions. SGTbull07 assumes all information to be truthful and reliable; however, I cannot and do not warrant or guarantee the accuracy of this information. Thank you.
Debt Amount Settlement
Find ways to relief debt and settle for less!
31-Jul-2011
sean is a great guy ,and i love his videos he is not responsible for what his guests say,but that guy on his last video was just saying every thing opposite of what seans other guests have been saying ,gold is real money because it cant be created ,it has value because of that one quality.
i just think the guy is wrong ,he wants money to be every where and have no intrinsic value ,how can money have no value ,who would want it ,would you want to be paid with money that had no value ,the guy is just nutty and has forced me to evaluate his entire body of work ,if i cant respect his wanting money that has no value then how can i respect the money masters ,besides ,i will say it again ,we already have money that’s every where and it is already worth nothing or close to it.
Did you hear that? “We’re going to be stampeded into a Gold-backed world. “
@cassanoa Personally I appreciate Sean having people on with differing ideas. Having an open mind even if you KNOW you are right is a good idea. Google then read “Desiderata”. It is said better there than I am doing here.
@cityguyable Just gold/silver based – not directly using the metals. As you say not enough exists. And, yes, the two words honest government is sadly an oxymoron never to happen.
@cityguyable thanks for the mention! Yes,as I dig deeper I find much silver and gold is being double counted (or more). With all of the new uses of silver coming soon (electric cars, solar panels, medicines and hundreds more) I had said the end of silver in quantity is 20 years away. I now say “less than ten”. What would an Apple or Intel pay for the remaining silver to keep their companies alive a few more years? I believe hoarding by large silver users has already begun. It will skyrocket.
“Honest government” that would end the Federal Reserve then print government fiat is beyond wishful thinking. Yes, it would work and has worked before BUT “Illuminati” owns most governments including the US government. The chance of this ending is almost nil. The life boat for the masses is silver as “Illuminati” has overlooked siver and now it is too late for them to control silver. They MAY control the world with gold for centuries to come but those with silver will escape serfdom!
@NewYorker991 to quote the great yoda – you need to unlearn what you have learned -
@therealjakethesnake I used to be a gold and silver is money bug as well . After listening to Bill and doing some studying on history myself I changed my mind about this. It seems it could be just as dangerous to go on a gold standard. Bill is right QUANTITY control is the issue as history has always proved. And yes I am still invested 90% in silver given the current monetary situation.
A TRUE VOICE OF REASON.
I like gold and silver alot and I am invested by 95 % in it but I think democratic debt free money will make the future much more prosperous than any commodity backed currency. The vast majority of all gold is already owned by the elite. Gold comes with greed attached and any gold bug (including myself) knows this deep inside.
I recommend watching money masters on this topic as well.
What if most or all of the gold and silver the rich own is in paper??!! They could go broke easily!!
No such thing as constitutional money? Mmmm. Bill states–we are going to be stampeded into a Gold backed World and it’s a Big Mistake.
Thanks for a great interview, Sean and Bill. I feel that what is needed in the truth movement is a “college of ideas”; Bill expresses an underrepresented school of thought, and there are more that are yet unexplored. Ron Paul is great, but imagine the ground swell if there were 10 well known, honest statesmen(or women) with different ideas of how to turn the system around. Aside from ending the Fed and fractional reserve banking, how about elimination of lobbying? We need a paradigm shift.
Sean what is your opinion if congress does not raise the debt ceiling by august 2nd, do you think there is a possibility that the rating agencies will down grade Americas government debt from AAA. Pension funds need triple AAA ratings to invest in government bonds and so forth, so there could be a strong rally in the dollar if a down grade happens??what do you think possibility? commodities get smashed?
@xtop23 My point. Exactly – except for the “nobody”
Sean, really good to have a well informed person give an alternative view to the constant everyday same-old ideas. Weather it’s right or not, we will see. But i commend the alternative perspective this interview gives. Which is thoroughly needed at this time.
Well done
Fiat money may only work in a country governed by direct democracy, where only people directly every year decide how much new money is being printed by the government. Total direct control of the people. If there is no such control then gold backed system is 10 times better solution than government controlled quantity of money. After two generations people will forget the monetary problems and allow government to abuse fiat money. It is sad when people like Bill are so clueless about humans.
Dear SGTBull,
Bill is right in many aspects like no fractional reserve and no debt for government. However, he is clueless in aspects how people behave and work. The government control of quantity of money HAS NEVER worked. It always comes with inflation. Inflation is a problem because the people/entities which get money first have unfair advantage. He is bashing gold because he claims that RICH people will buy all the gold immediately and control quantity. The people can/should buy gold now.
He is completely correct about the extreme economic difficulties of restricting money to only gold. The big advantage is that gold cannot be printed to infinity; the big disadvantage is that there is not NEARLY enough gold for it to provide enough liquidity for the economy to operate.
I hate the fed. But he is pointing out the obvious reason why a 100% gold standard is impossible.
Where do you get these nut jobs? Now printing money out of thin air is a good idea? As long as the government does it? Fiat currency good? Please. You’re on your way to becoming a former subscription for me. . . . . . .
Money is medium of exchange. . . therefore, how can you have valueless money? Sorry, I have to take a pass on this guy’s views. I”ll take the gold/silver backed money or simply gold/silver as money any day. At least we have a historical precedent. Granted, the wealthy will buy up the majority of the gold/silver resources, this is why you need to be stacking now before the rush. Furthermore, even the surfs will have their wages paid in real money with a gold standard.
@NewYorker991
We are in the middle of a deflationary depression in the face of rising commodity prices on international markets. In economics this is typically called stagflation. We have a lack of money supply in the domestic economy. The Federal Reserve is sending our money to offshore banks where it gets dumped on money markets as foreign nationals buy up commodities with our money. This results in rising commodity prices while prices in the domestic economy fall. Housing prices fall.
As Ben Bernanke said, “Gold is not money”
As Adam Smith said, “Labour was the first price, the original purchase – money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased. ”
Think about it!
@dogbarker1981 Look up the word SCRIP. There’s no “t” on the end.
@cityguyable “impossible to coin enough pm’s to circulate” I’ve heard this horseshit too many times to count. They must be teaching this Keynesian shit to economics majors. Look, if a goddamn silver dime could buy a full bag of groceries, you can BET YOUR LIFE there’d be enough pm-coins to run the economy.