The Freedom News Hour / Surviving Meltdown is an on line radio show on the Progressive Radio Network that educates listeners regarding the recent surges in unemployment and inflation. "The Incredible Shrinking Dollar" stands out as the very first video episode of the program ever presented and was lately delivered by Nolan Chart LLC.
Richard does a brilliant job of playing the role of the man in the street who knows little or nothing regarding the money and banking system, as well as what causes inflation and high unemployment. As Walt tells the tale of the way the banking system actually works, in conjunction with the history of the creation of the Federal Reserve in 1913 and how its founders justified it, Richard's expressions of surprise, fury, and astonishment are totally credible. Both guys on-screen are evidently really relaxed performing together, and it shows. Accordingly, their conversational approach to addressing the problems involved generates an entertaining and often amusing exchange.
The important principle presented within the show is the view that all financial crises come to pass simply because of one, basic truth: for centuries, banking companies have been permitted by regulation to accept deposits and then turn around and lend them out while at the same time guaranteeing to return them back to the depositor (or an individual the depositor writes a check to) on demand. If any other business attempted to participate in this conduct, the organization's proprietor would get locked up, but bankers are compensated with mountain-side properties and multi-billion dollar businesses as an alternative to getting prison cells and bars.
If you don't recognize how we as a culture came to this sorry economic state we're in, you can't understand how we can get out of it, and you can not help to prevent it from happening once again. Knowledge is power, and the guys made the video in an effort to enable you, the viewer, to never be deceived by the powers-that-be ever again, particularly when inflation and unemployment hit higher levels.
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