But then they go crazy and claim that Abraham Lincoln and John F Kennedy were assasinated by the same 100 year old conspiracy to prevent the printing of more money.

I feel that way about Jesse Ventura. He was pretty sane up until he completely went insane.

A clock running backwards at double speed is right more times a day than a stopped clock, but that doesn't mean I want to believe it in general.

I'm at 3:00 and so far he's been pretty on point.

Oh wait, yeah, now he's on the "solutions" part. Never mind.

rome was built on the backs of slaves, yo

And didn't the industrial revolution effectively end slavery to boot?

Blog that.

That was the point where he lost an sort of point he was making.

Why is taxing money printed by the Fed a crazy idea? If I understand the basic process, the Federal Reserve (comprised of banking interests) prints free money, gives it to the banks, and the banks loan it out at whatever rate they decide. Wouldn't it act as a financial industry tax that would be impossible to avoid?

OK. Let's replace the income tax with a Fed tax. Tomorrow, the prime rate jumps from the current 3% to about 30%. Creditors are in heaven. For a while, anyway.... Debtors get pretty squirrelly when they can't eat.

Well, this guy is *possibly* a nut ... but I really don't think you understand the implications here and I suggest you consider them a little more. Broadly speaking, without putting forward or endorsing a particular plan, a money tax is a very good idea that would solve a LOT of problems if you could build up enough confidence in the idea.

I think this is what he was talkign about, btw:
http://en.wikipedia.org/wiki/Freigeld

That was in reply to Wildcat.

Well with Ben B's zero interest rate policy, the Fed currently loans the banks money "for free" and we all pay a minimum 3% on top of that to borrow from the banks (prime rate). Any tax on the fed is equal to an increase in the fed rate, which the banks pay and by extension we pay. Do you see my reasoning? Put some real numbers in there, and see what percentage it would have to increase. I don't trust his. The only thing I like about the idea is that it would force the Fed to increase their rate, something as a creditor I would like to see. But I doubt the party would last long... Especially when the Government realizes that all it need to to fund anything it wants to to raise the Fed tax. No voter would deny it, yet after a time it would become impossible to borrow money.

So? That's just a terrible system and needs to be changed anyway.

Also, borrowing money is half the problem anyway.

Yeah, the Federal Reserve creates something ridiculously high interest with the money it creates from nowhere. It should be abolished once and for all.