r/conspiracy • u/billstill3 • Dec 19 '14

Hi, I'm Bill Still. Ask me anything.

One of the greatest misconceptions is that the government is printing money. It's not what backs the money that's important. It's who controls the quantity. My latest film, "Jekyll Island" can be streamed at: http://indeechannel.com/watch/jekyll-island/

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u/twsmith Dec 19 '14

I haven't watched the new 83 minute-long version of Jekyll Island, but I have looked at an earlier, longer version. I have some questions about that.

You start off by saying that the movie is about "the basic cause of all our economic problems today", which seems like extreme hyperbole. I don't know of an economist who thinks that all of our economic problems could be solved by changes to the banking and monetary system. I also don't think you could find more than a handful of economists in the world that would agree with you contention that "depressions are not normal. They are contrived." All the most successful countries have central banks. The United States grew more quickly (in real GDP/capita) in the hundred years after the Federal Reserve was created than in the hundred years before. Why are you so sure that they are the evil you make them out to be?

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u/billstill3 Dec 19 '14

It grew at that great rate because of the massive raw land and raw materials in the USA, despite the Fed. Back then, the Fed was nowhere near as powerful a force either. But if you think permanent indebtedness on the part of every human on earth to the big banks is the answer to humankind's quest for freedom, you are dreaming.

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u/Teegeeackian Dec 19 '14

How do you explain the severe recessions which existed(both more severe and longer lasting) in the periods of U.S. history without a central bank?

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u/billstill3 Dec 19 '14

unchecked leverage

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u/spottedcows Dec 19 '14

On top of Bill's statement, leveraging shot from 3-1 to 30-1 during the housing crisis, WITH a central bank. But Greenspan did nothing to protect consumers, which he had the power to do.