Name: Power to the People: Episode 3 - Economic Boom/Bust Cycles
Uploaded: 2022-07-09T08:14:06+00:00
Duration: 17 min 59 s
Description: In episode 3 - “Economic Boom/Bust Cycles” of this 4 part documentary on the monetary system, "Power To The People" we discuss private banks hoarding gold and shrinking the money supply, Democratic pr

1 year ago

In episode 3 - “Economic Boom/Bust Cycles” of this 4 part documentary on the monetary system, "Power To The People" we discuss private banks hoarding gold and shrinking the money supply, Democratic presidential candidate, William Jennings Bryan, and his efforts to use gold and silver to back the US currency to increase the money supply, early government infrastructure plans using government issued bonds, the origins of The Wonderful Wizard of Oz as a parable about the gold and silver political debate at the turn of the 19th century, the Federal Reserve Act of 1913, the stock market crash of 1929, the great depression, WWII’s effect on the money supply and the economic recovery it facilitated, Bretton Woods monetary system after World War 2 making the US Dollar the worlds reserve currency, Nixon taking the US off of the gold standard in 1971, US government debt skyrocketing, the purpose of the Federal Reserve banking system, the cause of the boom and bust economic cycle, how the boom and bust cycle fuels arguments for socialism and against capitalism, the sub-prime mortgage crisis and the great recession.

Click the link below to read the article “Power to the People: Episode 3 - Economic Boom/Bust Cycles” on my website:

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