Please give me your review of this 10min video on the economy?

Nothing I have not been saying for the last three or four months.

The monetary system is entering final meltdown. It is going to be a rough ride no matter what you do, but unless you correct the flawed monetary system you it will be a painful ride for nothing because the same thing will ultimately happen again. The good news is, much of what needs to be done, does not require congressional action. The Executive Branch and US Treasury Department has the authority to do most of the preliminary work needed to convert to a transitional monetary system. The bad news is, once the FED figures out what is going in, they are still in a position to do a lot of damage.

First one needs an understanding how money is created in the US Economy. In the US Economy money is created by debt. Every dollar bill you have is backed up by somebody's IOU. Because of the "magic" of fractional reserve banking, banks loan many times more money than they actually have. When a bank makes a loan, the bank does not actually have the money to back up that loan the money just pops into existence magically and is backed up by the IOU signed by the borrower. One major problem is that these loans charge interest, but no money is created to pay that interest so a certain amount of loans must end up in default because there simply is not enough money to pay the loans and interest. The more money out there, the higher the interest the more default are needed to keep equilibrium. Another problem with this system is, the more money out there the less value the dollar has, so more money is needed to buy the same goods and services.

During the 122 years between the Coinage act of 1792 to the Federal Reserve act of 1914 you would see the value of the dollar was largely unchanged except during those periods where money was printed without gold backing (Greenbacks during the Civil war for example) and a brief period between 1896-1914, when a mild chronic inflation (approximately 2 percent per year) resulted from unusual gold discoveries, in Alaska and South Africa. Put simply a dollar in 1914 would buy about the same thing as a dollar in 1792. Today it would take $22.99 to buy the same thing one could purchase with $1.00 in 1914. The difference is the amount of money in the economy was limited to the amount of gold reserves, so money retained it's value with little inflation. I am not suggesting converting immediately to a gold standard, there simply is not enough gold on the planet to cover the paper money that is in circulation. I am saying that fixing the amount of money in circulation will stop the decline of the dollars value. Reducing the amount of currency in circulation over time will increase the purchasing power of the dollar.

Now here is the plan.

Stabilize the Currency.

1. Instruct the US Treasury to print US Notes.

2. Dispatch the FDIC and Treasury Agents to each branch of the Federal Reserve taking the institution into receivership in accordance with the FDIC act. (Tiny little loophole, the FED is a bank and therefore would fall under the FDIC jurisdiction as a failed financial institution - if the FDIC Audit shows the FED was not a failed institution we can say 'oops sorry about that' later)

3. Issue Executive Order under authority of the US Constitution the Treasury Department is to take over all the functions of the Federal Reserve.

4. Exchange US Notes for Federal Reserve Notes at banks and set the reserve requirements to 100% (In other words the banks cannot loan more money than they actually have on deposit - no creation of new money).

5. Write off all T-bills held by the Federal Reserve.

At this point, the US debt has been reduced to 3.1 trillion (foreign held T-bills) which would be paid over 10 years. The amount of money in the economy has been fixed. The Annual Interest on the Federal Debt has been reduced from $413 billion to $86 billion ($326 billion available for governmental expenses). As Commander in Chief - end the wars in Afghanistan and Iraq, close all Military bases overseas and you have just balanced the Budget

Now here is the hard part. Congress would be required to cooperate.

No more bailouts!

Break up the Too Big to Fail Banks

Repeal the Federal Reserve Act officially transferring the duties of the Federal Reserve to the Treasury Department.

How does this venture my aid of a valid clinical concept? The entire argument is that this... "We would not have any transitional fossils." "We've under no circumstances visible a puppy delivery a wolf!." Well, how do you outline a transitional fossil? I imply, is Lucy, or every other lengthy on account that lifeless species of hominid proof of whatever, rather than Lucy existed? Is the truth we proportion a gigantic commonality of DNA whatever? When we will exhibit we are extra alike monkeys than distinctive from a genetic degree, does not that account for whatever? What approximately neanderthal? What approximately all of the different hominids we discover fossils and bones from... When we've got a beautiful contiguous list of species showing, and disappearing, and individuals and EVERY different animal pop out and in.... What can we recommend factors this? Magic? No, they got here type someplace... Must be their mom and dad, good wherein did they arrive from? More mom and dad, and them and them and them and them, so on and so fourth. With sufficient time, your typical ancestor isn't a human. This does not venture any concept significantly, it nit alternatives, and opting for holes in some thing does not upload weight to production. --no longer superstitious

No more bailouts, the people didn't want the bailouts the first time they definitely won't go for it this time.

Too big to fail means they should fail.

All these large banks did with the bailout was acquisition smaller banks, and this is what they'll do again. Acquisitions started in Clinton's last term with the appeal of the Glass-Steagal Act. Corporations acquisitioned businesses, conglomerates acquisitioned corporations, creating the too big to fail situation. They should fail because it was wrong for them to ever be able to do what they've done, monopolize everything.

The health-care bill is an attempt to take complete control over the medical industry, a too big to fail medical industry, monopolization.

This is nothing short of corporatism, fascism.