59 of 62 people found the following review helpful:
5.0 out of 5 stars
Reformation of government. Yes!! we need it., December 2, 2006
This review is from: America: Freedom to Fascism (DVD)
Russo has done a good introduction to some of the ills that are facing this nation and the world. This documentary is a starting point for information that more people need to know, discuss and share. He has appropriately singled out the Federal Reserve as public enemy no. 1. (The other side being that we could really use a moral and spiritual re-awakening, but I count Russo and this documentary as being part of that.)
A previous reviewer has made comments about the Fed that are quite inaccurate and Russo is on the mark. The Fed did not end the "run on banks", the act creating the Federal Depository Insurance Corp did that and is totally separate from the Fed. The fact is more banks failed after the creation of the Fed than at any time previously. What the Fed did was consolidate the money creating power behind the largest banks, who own the majority of the Fed. It also gave those same banks an essential monopoly on creating money through the legal tender law. The supposed or stated purpose of the Fed was to stabilize the value of the dollar which was a false pretext as the dollar has lost 96% of its value since the creation of the Fed. Read "The Truth in Money Book" or "The Creature from Jekyll Island" to understand how the Fed and our banking system operates. Our banking system, through charging people interest on what it creates out of thin air, has a hand in everyone's pocket and we would be a much wealthier nation with a different system of creating money.
A few years back (in 2000) I did a calculation to estimate how much we were paying to the banks and other institutions for the "privilege" of our money supply through the payment of interest. It came out to $1500 per year per man, woman and child in the US. I also calculated an estimate of how much it would be if we simply did an accounting system of money creation, based on existing assets, without interest, which is entirely possible and much, much more practical. That came to approximately $150 per person. That means if we had money creation without interest (without usury) everybody in the country on average would have $1350 more money to spend every year. What would that do for our economy and standard of living especially when the multiplier effect is considered? Huh?
The vast majority of people do not understand how our monetary system and the Federal Reserve, that is fractional reserve banking, operate. It is truly the story of "The Emperor Has No Clothes". We think that we go into the bank to borrow other peoples' money and the bank makes its profit from the differential in the interest it pays to account holders and the interest it receives from borrowers. This is a fiction. The money deposited in banks is used to maintain the cash flow of demand accounts such as checking and savings. It is held as a reserve to meet current demands, i.e. withdrawals. The money that is borrowed is created by the bank , it wasn't there before. The amount of reserves limit the amount of money the bank can create. Banks can loan or create 10 times the amount of money that they have in demand deposits. For time deposits such as CDs the multiple is even much greater.
So money in our system is created through debt by borrowers. When we go to a bank and borrow, the money is only then created by a ledger entry, out of thin air, to our account. We agree to pay back the debt plus interest. That is the cost of the money supply. The big problem is that not only is it a very expensive way to create money, only the money we borrowed is created, not the interest that we have contracted to pay back. We live in a system where we never have enough money in total to pay back all the debts that have been contracted. We are always short of money unless the money supply is continually expanded, i.e. inflation. Whenever the Fed wants to get a grip on inflation or slow the expansion of money, it cuts back on the money supply by raising interest rates. This engenders even more shortages of money and a number of people are forced into default, foreclosure and bankruptcy because there simply is not enough money in the market place to cover the debts. This forced default of individuals is inherent in our monetary system. The people who loose are those who are not overly aggressive, greedy or cunning in the market place ... in addition to those who just make bad business choices. In other words, our monetary system encourages even more greed and cunning in the market place than needs to be there. There are a number of other really bad effects of this system but time and space do not allow to express all here. On the whole it really sucks, big time!!! There needs to be a good documentary about this. And then get people to watch it. We need to be more aware about what is going on, 'cause it's a lot and we are paying the price for not knowing and our children will continue to pay the price!
Russo is absolutely accurate in his assessment that we need to get rid of the Fed as the main money creator. It's unconstitutional to boot, though no one in congress or the administration care much about the constitution. After all they are the ones who have been selling us down the river for a long time now.
So it's not just the illegality of the income tax, it is even more the illegality and immorality of the fractional reserve banking system which is embodied in the Fed. We would be a LOT better off without it. Yes, it works, but it works at price where we are slowly being consumed, falling more and more into debt. Already (think national debt, social security and medicare, plus a humongous private debt), if you do accrual accounting, almost all of us are bankrupt! The ones who aren't are the ones who have their money off shore, i.e. international corporations, large banks, old money, and some forward looking individuals, etc.
This film is a good wake up call. I pray that we wake up!!!
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106 of 116 people found the following review helpful:
5.0 out of 5 stars
Brilliant - see this movie TODAY while you still can, October 25, 2006
I was fortunate enough to have been able to catch this film in one of its limited theatrical showings. I was in stunned silence through the showing as was the rest of the hall even though I was aware of most of this information. During the ending credits it recieved a standing ovation.
This DVD is available now if not on Amazon try infowars. com They have it now.
Get this movie any way you can, show it your friends. Get multiple copies and pass them around.
This movie shows the truth about the IRS and the Federal Reserve. Every American needs to see this movie to understand how we are being sold into slavery.
This movie is stunning in the way it presents the information. If you anyone who is skeptical about the impending takeover and destruction of our republic, this movie can wake up even the most skeptical.
Aaron Russo has generated a masterpiece here.
See this while you still can.
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