Aug 02

How The Federal Reserve Functions and Creates Money

Posted by Kristjan Velbri | Posted in Finance, General, Video | Posted on 02-08-2009

For those who don’t how the system works, viewing this is compulsory.
This is why gold is money and fiat currency (Federal Reserve Notes printed by the Federal Reserve) is not.

Additional reading: Modern Money Mechanics (.pdf)

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Jul 26

Bernanke Babble Dictionary

Posted by Kristjan Velbri | Posted in Video | Posted on 26-07-2009

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Jul 10

Warren Buffet: Stimulus Not a Panacea

Posted by Kristjan Velbri | Posted in General, Video | Posted on 10-07-2009

buffet on abcWarren Buffet was on ABC’s Good Morning America this morning giving his approval to a second stimulus package. He compared the previous stimulus to taking a half a pill of Viagra and hoping it does the trick. Here’s more from ABC:

“I think that a second one may well be called for,” Warren Buffett, the CEO of Berkshire Hathaway, told “Good Morning America” today. But, he added, “you hope it doesn’t get watered down in many ways.”

“Our first stimulus bill, it seems to me, was sort of like taking a half a tablet of Viagra, you know, and then having also a bunch of candy mixed in you know — everybody was putting in things for their own constituencies — it doesn’t have really quite the wallop that might have been anticipated.”

The U.S. unemployment rate, which currently stands at 9.5 percent, still “has a ways to go” before it peaks, he said. His own company, he said, had to lay off 500 people.

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Jun 16

Money – A Brief History Of The American Dollar

Posted by Kristjan Velbri | Posted in General, Gold, Video | Posted on 16-06-2009

Educational video explaining the Constitutional and legal history of the US Dollar.

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Jun 10

Peter Schiff Running for Senate?

Posted by Kristjan Velbri | Posted in Finance, Politics, Video | Posted on 10-06-2009

Peter Schiff is on The Daily Show talking about the credit crisis. Toward the end of the video, Jon Stewart asks him whether he will run for office. Peter Schiff: “Well, I am considering potentially running for the Senate in my home state Connecticut

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