Top products from r/Liberty
We found 2 product mentions on r/Liberty. We ranked the 2 resulting products by number of redditors who mentioned them. Here are the top 20.
1. Secrets of the Temple: How the Federal Reserve Runs the Country
Sentiment score: 1
Number of reviews: 1
New York times Best SellerWinner of Los Angeles Times Book PrizeFactual presentation of how the Federal Reserve WorksGreat as a text bookGreat as additional reading for anyone who wants to know
Show Reddit reviews
The Fed is a private corporation that is the largest single creditor to the US government. The Fed however has never been audited, and it is not accountable to US Congress, the President, or to anyone.
The pivotal issue in the documentary is that the Fed has a monopoly on printing money, which opens up the possibility for schemes for profit. It's kind of just saying an open secret because the Fed is already known to be a private corporation.
Critics and former politicians in the video argue a few additional points: 1) The Fed is the most powerful organization in the world, and 2) the Fed is the "one of the most corrupt institution in the world," and 3) the Founding Fathers particularly and sincerely believed that banking institutions are dangerous to liberty and sovereignty, 4) the Fed profits and gets power from the national debt
The video suggests as a solution, that the people and government should issue their own currency.
I have academic training in economics. Honestly, at that time, I was sold on mainstream economic theory on the Fed. It took me years to appreciate and realize the problems of inconsistencies and lack of disclosure surrounding the Fed.
Back then a professor I had recommended a great book, Secrets of the Temple. At the time, I burned a bit of credibility with him as I admonished him of the fact that this is fringe conspiracy territory, not accepted by mainstream economics. Years later I actually read the book. I should go and thank him for recommending it -- the fact I've come to realize is mainstream economics is not science; there are no experiments, no falsifiability of mainstream ideas: "distinguishing the scientific from the unscientific—[...] such that what is unfalsifiable is classified as unscientific. The government won't let the public audit the fed. They won't allow any investigation.
We are a Nation of Sheep