Some interesting points arose out of this November 24, 2013 interview on the Big Plantation with G. Edward Griffin.
First, in clearing up a misconception about an alleged 100-year charter for the Federal Reserve, he claims there originally was one, when in reality, it was a 20-year charter.
16m – In clearing up misconception about a 100-year charter for the Federal Reserve, he says there originally was one, and it was later removed, when in reality it was a 20-year charter
19m – No JFK speech at Columbia university about breaking up Fed, as he had never even been to that university
25m – Said he likes Bitcoin a lot because it’s independent of government interference
26m – He likes the feature that the supply is limited (FC: Actually, this is one of its big negatives, in my opinion)
27m – Said he doesn’t like that it’s not backed up by something of intrinsic value
28m – Admits govt can shut down gold and silver, too
28m – Said it’s a good idea to have your assets tied up in gold and silver (FC: It wasn’t a good idea in 1933 and 1934, when they were confiscated, respectively!)
29m – Says it’s playing a very important role in the awareness of our monetary problems today
33m – Admits bankers do own a lot of gold, because it’s a store of value (FC: And because they have historically controlled money, economies and nations with it)
34m – Laughably says it doesn’t mean they want to back a currency with it, because it puts limits on their ability to make more money off interest (What about the U.S. backing up its money supply from 1914 to 1933 40% by gold? Were the people crying out for that, or was it the bankers? He’s either unaware of, or intentionally concealing the historical pattern of the bankers reverting to some gold standard in order to shore up confidence in the monetary system after they’ve collapsed the current one.)
39m – Said he’s read evidence claiming that silver could be equal to gold in an unregulated market (FC: Not much evidence to suggest that, since gold has always traded higher than silver throughout the entire history of the United States, including the nearly 30 years after Andrew Jackson killed the Second (Central) Bank of the United States).