High Inflation & Unemployment
Free Video Explains Role Money Supply Plays In Creating Financial Crisis,
Great Recession, Great Depression
Harry Potter's Wand Used To Create Money Out Of Thin Air — Just Like Ben Bernanke Does!
Also Available on DVD at a Discount Price
Nolan Chart LLC is proud to announce the release of the first ever Freedom News Hour / Surviving Meltdown video and DVD. This is a video version of the weekly radio program, Freedom News Hour / Surviving Meltdown which broadcasts Thursdays at 6 p.m. Eastern time on the Progressive Radio Network. The first episode of this special video edition of the program is entitled, "The Incredible Shrinking Dollar".
Host Walt Thiessen is joined by special guest Richard Blackwell in "The Incredible Shrinking Dollar" as they discuss the monetary and banking system in the context of the Financial Crisis of 2008 and subsequent aftermath. The video is a 45 minute primer made for the average person who understands only a little about economics, the causes of high inflation and high unemployment, the financial crisis of 2008, and how our money supply is being manipulated to all of our harm by the powers-that-be.
The program begins by showing Richard using Harry Potter's magic wand to reduce the value of a one hundred dollar bill, right on screen! The guys also use the wand to create money out of thin air. They talk about how the Federal Reserve accomplishes the same thing using a computer keyboard, and they explain how commercial banks do the same thing by the simple act of accepting bank deposits, leading to high inflation and high unemployment.
Richard does a fantastic job of playing the role of the man in the street who knows little or nothing about how inflation is built into the monetary and banking system and how this leads to unemployment. As Walt tells the story of how the banking system really works, along with the story of the creation of the Federal Reserve in 1913 and how its founders justified it, Richard's expressions of shock, outrage, and incredulity are completely believable. The two men on screen are clearly quite comfortable working together, and it shows. As a result, their conversational approach to discussing the issues involved creates an entertaining and sometimes comical presentation.
The key concept presented in the program is the idea that all financial crises, price inflation, hyperinflation, and the unemployment and jobless conditions that result from these things happen because of one, simple fact: for hundreds of years, banks have been permitted by law to take deposits and then turn around and lend them out while simultaneously promising to give them back to the depositor (or someone the depositor write a check to) on demand, which eventually creates inflation and lost purchasing power. When the bubble created by this bursts, unemployment results. If any other business attempted to engage in this behavior, the business's owner would get locked up, but bankers get rewarded with ocean-side estates and multi-billion dollar enterprises instead of earning prison cells and bars.
Why did we make this video? We made this video because most people don't really know what's causing our financial problems. They don't know the true causes of inflation and hyperinflation. They don't really understand why there is so much unemployment. They only THINK they know because of what the media have told them. This video pulls the curtain back and shows that most of what the media, the politicians, the Fed, and the financial experts have told us is misleading and is intended to mislead the public. But if you know what is the real cause of the financial system's problems, you cannot be taken in anymore! Knowledge is power, and this video gives power to the people, power to the average person who normally understands little or nothing about the financial system.
Harry Potter and Ben Bernanke have almost nothing in common. One is a fictional character, and the other is a real person. One is honest and decent, and the other is deceptive and misleading. One uses gold and silver as money, while the other uses (and wants us to use) paper money. One is a young Gryffindor, and the other has a doctor's degree in economics. One is a wizard, and the other is a central banker, but there is one thing they have in common. They both perform magic. Harry Potter uses Hogwarts magic to fight Lord Voldemort, levitate and transform objects, fly on a broomstick (a Firebolt!), make himself disappear, apparate across long distances, and drive away dementors with his stag patronus, while Ben Bernanke uses Federal Reserve magic to create money out of thin air and thereby make all of us poorer via high inflation and unemployment. "The Incredible Shrinking Dollar" explains how and why Bernanke and his friends manage to pull off their magic tricks.
If you want to learn more, feel free to check out my Money and Banking blog.
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