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Message: Gold and silver are money. Everything else is credit.

Hi Rookie, interesting video. I don't think we are in disagreement. Like Bernanke and Pauls, I think we are talking past each other, but saying the same thing. I stand by what I said after watching this video, I don't disagree with it either. I have no problem with eliminating the Fed and replacing it with something like the Bank of Canada, but what difference fundamentally it would make is not clear. The Bank of Canada is not directly accountable to Parliament, it has an independent existence, for good reason. If government was responsible for the money supply, stability of the economy and/or interest rates, destructive politics as they currently exist in the US would magnify the problems in the economy enormously would they not? Capitalism is capitalism and I am not a socialist. Socialism requires a belief that people are basically not opportunistic, and that is nonsense. Ike

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