Trump or Clinton? - Questions For Corbett #031

08/01/201671 Comments

Have you ever wondered how big the black budget really is? Or how to win the clash of civilizations? Or whether James prefers Hillary or Donald? Then this is the podcast for you! Join James for another edition of Questions For Corbett as he fields a range of questions covering everything from soil erosion to Brexit and everything in between.

For those with limited bandwidth, CLICK HERE to download a smaller, lower file size version of this episode.

For those interested in audio quality, CLICK HERE for the highest-quality version of this episode (WARNING: very large download).


Comments and questions from QFC#030

Kudzu - A Very Wicked Plant

Kudzu: A Lesson in Big Government Failure

Snowden reveals US intelligence’s black budget: $52.6 billion on secret programs

Eyeopener: CIA Front Companies + Hyperlinked transcript

Eyeopener: Meet In-Q-Tel + Hyperlinked transcript

Clash of Civilizations | Samuel Huntington | 1993

The Last Word on Terrorism

Corbett Report Radio 264 – Who Are the Muslim Brotherhood?

Episode 258 – Know Your Terrorists: Ayman Al-Zawahiri

Episode 308 – 9/11 Trillions: Follow The Money

Pentagon Prepares a Futures Market on Terror Attacks

Robert Baer knows the guy who "cashed out" on 9/10

The Revolution Will Not Be YouTubed

Probing the SITE Intelligence Group

James Corbett Explains What Everybody’s Missing About Brexit

Episode 264 – The Government Illusion

The Last Word on Voting

Why Hillary Clinton Must Not Become President

Why Jeb Bush Must Not Become President

Why No One Should Become President

Interview 152 - John Young

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Comments (71)

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  1. nmacq says:

    I am responding to the question of a simple reference source for the FED, banking,and economic schemes many of us unwittingly participate in today. I found this book to be not only an excellent introduction but fascinating.

    There’s an audio version of the same

    Neil MacQ

  2. turley2u says:

    I took your advice and found the link to “The Last Word on Voting.” Election day for many has become a religious holy day where casting a vote is a sacrament. People believe in their elections on faith. If people must go to the polls, they should go to protest.

    In the future the Corbett Report ought to publicize the cover-up of the murder of Vince Foster. Foster’s murder per se is not is not as important as what it reveals to the public. The successful ongoing cover-up exposes the totality of the corruption of the American press and political parties.

    The well-researched website presents key documents from the National Archives that invite everyone to ask, “What other lies are we being told?”

  3. illbnice2u2 says:

    Look at how much our government is spending every day and yet we cannot take care of the homeless or our veterans.

    • totemynote says:

      I am not arguing your point, there is that chasm. But at the same time I am a formally homeless US army veteran. The VA medical center in Portland, OR gave me excellent care. Truly, I felt cared about and safe there and they let become more independent at my own pace. Yes, the upper management is a mess, no doubt. But in the various clinics, one on one counseling and peer support gave me my life back. One thing about the VA is you have to advocate for yourself. I also feel if a veteran is really ready to get help it’s there. It took a couple of times for me to be ready but then I was. I’ve been solid now for going on six years.

  4. bladtheimpailer says:

    I believe the cartoon documentary James is referring to that examines money and banking is “Money as Debt” produced by Canadian Paul Grignon. While it gives an overview of banking and money and the history of its development it encompasses a lot of ground, often covering a particular concept in a single sentence that flashes by. For the beginner this documentary is as good a place to start as any but it will require several viewings to come to a full understanding of the information given. So Sonja “Money as Debt” is just as good as any but please understand you will not attain a full understanding of this topic in one easy go. It will require some effort on your part if you wish to become at least somewhat conversant on this vital issue. “Control money and you control the world”…H. Kissinger.

    This was a very interesting edition of ‘Questions’ and I will be making a lot of use of the show notes.Thanks so much for your efforts as they are greatly appreciated by who knows how many besides myself.

    • Corbett says:

      Thanks for the note, bladtheimpailer, but just to be clear, “Money as Debt” is NOT the cartoon I was referring to. I actually think M.A.D. part 1 would make an interesting documentary for a beginner to this subject, although part 2 and part 3 become exponentially more complicated. Part 3 is in fact one of the best documentaries out there on monetary reform, but is difficult for many to comprehend.

    • HomeRemedySupply says:

      “…This was a very interesting edition of ‘Questions’ and I will be making a lot of use of the show notes.Thanks so much for your efforts as they are greatly appreciated by who knows how many besides myself.” –bladtheimpailer

      I agree!

    • Oscar says:

      To answer Sonja’s question, I agree with James Corbett and bladtheimpailer: I think ‘Money As Debt’ (M.A.D.) part 1 is a good place to start as a beginner:

      Six years ago when I was a beginner on the subject, ‘Money as Debt’ was the first or one of the first video’s I saw that clearly explained to me (a portion of) what was going on. Directly after I watched it, I recommended it to some friends and loved ones. The friends and loved ones who did indeed watch it, were grateful for the recommendation. Although I must say in some cases it took some time and gentle persuastion before they actually came round to view it (because who on earth wants to watch a cartoon documentary about money in their free time?). In any case, I’ve been frantically learning ever since. So needless to say your journey doesn’t stop there, but of course you know that already since you’re a Corbett Report member.

    • mik says:

      I would like to add
      It’s very helpful for translating economic jargon.

  5. n4x5 says:

    Regarding the question of educational materials on central banking, the monetary system, etc.

    Part of the difficulty in giving recommendations stems from the fact that any real quest for an understanding of say central banking is dependent upon a broader understanding of macroeconomics, which, in turn, is dependent upon the school of economic thought to which one adheres. The monetarist, neokeynesian, neoclassical, Austrian schools (not an exhaustive list) all have slightly or significantly different ways of explaining such fundamental phenomena as business cycles, inflation, and so on.

    Videos like The Money Masters or Money as Debt are fine to start, but any reasonably inquisitive mind will only be fueled, not satiated, by these relatively simple introductory materials.

    Sorry that I don’t have any answers to give myself, but I think that this point needs to be made.

  6. firehorse says:

    the easiest one for Sonja would be How to be a crook by Larken Rose

  7. danielspink says:

    Hi James.

    I totally understand the stance on Voluntaryism that you follow. In the UK though,we do happen to have a very principled leader of the opposition (Jeremy Corbyn) who is attracting a lot of support from grass roots. He is standing on a consistently anti-war platform along with a return to the traditional Socialist roots of the Labour party. I understand that the establishment are doing their best to make sure that he doesn’t get into power, and if he does, I’m pretty sure that they would do their best to make sure that he doesn’t succeed. In the case of a potential Prime Minister like this would you advocate voting for them? Or do you think that we are being led up a blind alley? Certainly in the case of Obama, I spent many an hour arguing with a close friend that he was exactly what the US needed, and was proven to be way off the mark. I’m sorry if you have already commented on Corbyn, but I think he is a bit of an anomaly in the political system. Any thoughts on the man? I’d love to hear your opinion of him.

  8. paul4 says:

    You are pretty much correct James, there is no such thing as on-line anonymity, especially from government. All servers log activity and ip addresses. But there are things that help protect you from big government, bad guys, and malware.

    1) Stop using M$Windows. Apple is better, safer, but not by much.
    Linux or Unix variants are much more secure and far less targeted.

    For beginners I usually recommend Linux Mint with Mate GUI.
    It installs the complete operating system and most of the programs any user would want (email client, web browser, office suite, pdf reader, etc) in less than an hour and the interface is very reminiscent of the XP interface that most are familiar with. If you have a windows program you can’t live without you can dual boot into windows or create a Windows Virtual Machine with Virtualbox. Additional open source software is available free in the Software Manager.

    I have installed linux Mint on several computers for older folks in their 60s and 70s. I’m over 60 myself. None had a problem adapting. They found it much easier than Windows 8 or 10. Puppy Linux is another alternative that can be run off a CD or Flash drive on any computer you have access to and leave no history on the computer.

    As for Mobil Devices – phones tablets etc – you are screwed. Both Apple and Android are proprietary Operating Systems with backdoors and spyware built in. Android is Googles linux variant and is not safe from Google thus the NSA. There are linux alternatives to Android for Arm processors on tablets, but I don’t know how that would affect a smart phone. I wont use a smart phone.

    2) Web Browsers: Never use Internet Explorer. Google Chrome has google spyware built in. Even the open source version Chromium has been compromised and and activates your webcam and microphone.

    I usually recommend Firefox or Midori. Always use https. There are several Firefox plugins (Smart HTTPS or HTTPS Everywhere) that will automatically use https. Privacy Badger and Ghostery will stop a lot of tracking and spy ware. Better Privacy will delete the Flash “super cookies”. Set up your cookie policy to delete third party cookies when you close the browser. Or always run in private mode and keep no browser history or cookies.

    3) VPN: If you use a notebook or mobile device on public WiFi a VPN is essential. I recommend the OpenVPN protocol as the most secure (even from the NSA if properly configured). I don’t use a subscription VPN service. I have set up my own home router/firewall/VPN server using Pfsense ( and OpenVPN. Here is a short comparison of the most popular VPN protocols

    4) Encryption: Always! PGP for email. HTTPS for web connections. When you install linux Mint it asks if you want to encrypt the whole hard drive or your Home directory (do one or the other – not both) Heavily encrypt your VPN. Here are some good links on VPN encryption:

    There are also private and encrypted open source alternatives to Skype (owned by Microsoft now) and popular chat programs. But thats another discussion for another day.

    • Sam says:

      Good list. May I add as an email source? It’s located in Switzerland and enctypts all emails with a user key that (they claim) they do not keep a copy of.

      Also, I suggest anyone interested in this subject take a look at for a good list of safer programs.

    • What_A_State says:

      If you do decide to pay for a VPN service, this site has an extensive comparison:

    • totemynote says:

      paul4, Thanks so much for all the info you’ve put here. I’m not a techie but I am a lot more informed by your post.

      One thing you mentioned is HTTPS, Privacy Badge, Ghostery and so forth. These are things I’ve never known about and are at least something I can do. I’m migrating to the Firefox browser and app from a mix of Safari, Chrome (yes, Chrome) and iOS and will go from there. But from your post I figure using the Firefox app on my phone/tablet is a non-issue.

      Again, thanks for all the info. And to Sam and What_A_State for the VPN and privacy tools links.

      But after considering all this, at the end of the day I guess the most important thing I can do is just refuse to live in fear.

      I mentioned this here before, the most radical thing I want right now is to have a garden that produces sustenance and have some chickens. And then some eggs. It’s difficult because I live in a urban area, I’m working towards solutions.

      • paul4 says:

        AMEN! “the most important thing I can do is just refuse to live in fear”

        Not living in fear is the absolute defeat of the powers that should not be.

        In the cyberworld of secure computer communications you can inconvenience the state institutions with strong encryption. They want to spy on 7 billion people, but in reality there is too much data for them to sift through to begin with. Encryption and security just wastes their time and frustrates them, but does not in itself defeat them.

        Protecting yourself from the non-state criminals with these techniques is the greatest boon. It is probably the greatest direct benefit for most folks.

        But not buying the lie of the fear mongers – finding security, satisfaction and fulfillment in your crops and your chickens, your family, friends and community, does defeat the liars.

      • Sam says:

        There is an important distinction here that you need to make. Keeping a fire extinguisher at home doesn’t mean you are ‘living in fear’ of fire, only that you realistically confront the risks that the world presents.

        The Deep State would have you think that the world is full of risks that you, as an individual, can’t protect yourself against and so must beg them for protection. Accepting that paradigm is ‘living in fear’. You are right to avoid it.

        But taking action to keep yourself free, such as owning a firearm, growing your own food, and keeping out of government data bases are practical and essential actions that you must take if you don’t want to become a new-age serf.

        • totemynote says:

          Yes right, paul4 and Sam. The two of your responses together I take as suggestions of balance. And that is why I love the community here, I’m learning the ways I can live my life as free as possible in a balanced way. Agorism, once it’s laid it as it is here a lot of it is revealed to be common sense.

  9. HomeRemedySupply says:

    Question For Corbett –
    In your opinion, why do you think that 15 of the 19 hijackers who were “chosen”, were chosen to be Saudis and not other nationalities?

    Actually, the infamous Prince Bandar raises this point.
    “…Otherwise, is it accidental that they will choose 15 misguided young people to be out of 19 when they had a pool of so many people from so many different countries? So it was intentional, in my judgment, to do it that way to hurt our relationship….”

    (Links at )

    • I personally think from a Machiavellian point of view, it’s always beneficial to have an ace up your sleeve or blackmail material on your enemies and your ‘friends’ (if in politics there can ever be friends). If you suspect the Saudis may alter the make-up of the petrodollar then it pays to have this sort of thing hanging over them. At the same time, as the interview with Michael Springmann suggests, the Saudis were very much involved in the visa scheme:

      Even if the Saudi government was not personally aware, certain intelligence factions certainly would have been privy, especially someone like Bandar Bush. Therefore, I’m highly suspicious of his own statement, which itself may be disinformation.

      Again, 911 was an operation that was a convergence of various interests. Considering that most of the money and a lot of the foot soldiers for ISIS have come from the Saudis, there’s some obvious connection to the backward House of Saud.

  10. whaugen says:

    In response to Sonja’s question about sources to better understand the U.S. Federal Reserve and central banking in general I have written some papers on central banking including the Fed and posted them online at I tried to make these papers readable for anyone with an interest in this topic and included graphs to illustrate how central banking works or really how the fractional reserve monetary system used by central banks around the world doesn’t work in the way most people think. I would suggest looking at the graphs in the papers to get an overview and then if still interested reading the papers to get the financial theory behind them. For me it was literally a light bulb moment when these things started to make sense and these papers poured out of me but until I had that light bulb moment I spent the first fifty-four years of my life in the dark like almost everyone else. It came as a shock to me to figure out that banks primary business is wealth transfer not credit intermediation as I had thought. I have an MBA in finance and thought I knew how the monetary system worked and I was shocked when I figured out that was not how it actually works.

    As far as online videos go you might want to consider watching episode 4 of the Hidden Secrets of Money hosted by Mike Maloney titled “The Biggest Scam In The History of Mankind – Who Owns The Federal Reserve” posted on YouTube at which is specifically about the U.S. Fed.

    When you start digging into this topic it really is incredible.

  11. James, thanks for mentioning the trend towards “decontextualization” of rhetoric. It’s something I’ve also noticed in online discussion: any point I bring up, or even just a question, will elicit set-in-stone assumptions about my beliefs, motivations, and tribal identity. Once that impression has been created, no matter how inadvertently, it’s hard to undo.

    On the other hand, walking on eggshells and constantly making every qualification imaginable before uttering a word, does not appeal to me. But it is something to be aware of and make sure we don’t fall into this trap ourselves.

  12. mauricebourke88 says:

    Hi James,
    Are the claims about Emmanuel Kant’s book, towards perpetual peace, in this below brief video true, namely political science and EU itself founded on the basis of it. Not following all your stuff as closely as I once was but don’t remember you mentioning it before.


  13. tgmolitor says:

    Great show, James! Loved your explanation of globalism subsuming your identity into collectives (16:00-23:00).

  14. Mark says:

    A couple comments. First, on the Trump vs. Clinton thing, my basic problem with the belief foundation that James brings to any of these political/governmental questions, that basically anything that we would consider as government is just bad, is that anything which follows is of very questionable value. I mean, if one’s view is that anyone who is part of a government structure is the equivalent of a burglar coming to your house and sticking a gun in your face, how can any distinction be made at all? Which is basically what was said in this video. Considering that, what value does any information coming from such a source have? I think his is a legitimate question, there has to be an ability or an attempt to judge better and worse, or to judge what might eventually lead in a better direction, to have the information have much value in the real world of today.

    Second, on the question of banking and finance, my suggestion would be to go back to the fundamentals for a foundation, and right now I’m reading E. Michael Jones’ Barren Metal: A History of Capitalism as the Conflict between Labor and Usury. It’s a meaty read (about 1400 pages) and not cheap, but I think its foundation in the culture wars of the west is a very worthwhile approach to a fundamental understanding of capitalism and money and the rise of banking, and the ethical questions and conflicts which underlie all of that.

  15. tgmolitor says:

    Corbett says this “clash of civilizations” fits the globalists’ strategy of “divide and conquer.” Muslim v Christians is a further run up the ladder of centralization and collectivism. The globalists’ goal is to get the individual to subsume his identity by getting the individual to associate himself with a collective. He says “islamist acts of violence” are “engineered” by the globalists to create division and association. For Americans, they go from local identity to county identity to state identity to national identity to supranational identity to Christian identity. The end game is a “clash of civilizations” in order to subsume the final identities into a global association. Do I have this right?

  16. Terraset says:

    First have a laugh,

    Honest Game Trailers – Pokemon Go:

    Second a solution,

    Want a decentralized solution to youtube and the like?

  17. peace.froggs says:

    When it comes to money…just keep it simple.

    There’s basically two types of banking institutions
    1- personal banking for individuals and
    2- central banks for nations

    Central banks for nations I think is what is puzzling most people, because this is being manipulated to created wars and consolidate power, whereas personal banking deals with mortgage rates and savings interest rates, pretty basic stuff.

    Therefore, I believe if we use the history of the US of A as an example, we can figure this out pretty easily.

    Now we all heard of the Revolutionary war of 1776, followed by the war of 1812 and how Andrew Jackson killed the 2nd bank of the US, the country’s national bank, which some say probably led to the American civil war of 1863 some 40 years later.

    Back then, gold and silver were used as currency, whereas today we use paper money.
    The benefits of gold and silver backed currency is that there is virtually no inflation, whereas today for example, a house that cost $25 000 during the 1970’s is now selling for approx $250 000.

    So how did this happen? How did we go from gold and silver, to paper, to out of control inflation?

    Quick answer? Incremental steps and wars.

    So, like I was saying earlier, people used gold and silver coins as currency for the longest time, then came the American civil war, followed by the creation of the Federal Reserve bank in 1913. (insert: The creature from Jekyll Island here).

    Then comes WW1, followed by the great depression.

    Just as Hitler is being sworn in, in 1933 Germany, Franklin Delano Roosevelt is busy confiscating Gold from the American public, known as Executive Order 6102. The introduction of paper money to the American people.

    Then comes WW2, and Bretton Woods. If any of you aren’t familiar with Bretton Woods, please Google it.

    Basically, near the end of WW2, the victors, US, Russia, UK and France decide to make the US dollar the sole international currency. Now keep in mind, internationally, the US dollar was backed by gold, but not for Americans (remember Executive Order 6102).
    In other words, nations that hold US dollars can still convert them into gold, the US citizens however cannot. Pretty sneaky hey!?

    Now comes the real slight of hand trick. Some 30 years after Bretton Woods, Richard “Tricky Dick” Nixon decides to swindle every nation on earth that is holding large amounts of US dollars by decoupling the dollar from gold, effectively killing Bretton Woods. Imaging holding billions of worthless US paper money unable to convert it into gold, well that’s what Nixon did.

    This effectively made the US dollar a paper fiat currency, that is until the Saudi’s decided to create an Oil embargo (Google OPEC). Of course the US had no choice but to make Saudi a partner. Making the US dollar a petrol dollar….

    Followed by the C.I.A creation of AlQeada led by Osama (a Saudi), the war in Afghanistan, the fall of the Soviet Union, the first Gulf war in 1991, followed by Sept 11th and the 19 “Saudi hijackers” hijackers and today the so called ISIS terrorists.

    And that, in a nut shell, is money in a nut shell.

    • bladtheimpailer says:

      Gold is just another commodity. What it is that makes gold valuable as money is the same as what makes a paper dollar valuable. A gold standard currency can be just as easily devalued as a paper currency. The secret to having a sound money supply is in the issuing whatever is used as money in the correct quantity as the primary axiom. Other issues on who owns the right to create money and in whose interests are very important to the public but secondary to the issuance in the correct quantity for the economy involved.

      Do I own some precious metal? Yes, but purely as speculation that the world may reset to a gold standard revaluing gold in terms of fiat that may bring me a profit or at minimum protect my investment as a kind of inssurance policy.

      • peace.froggs says:

        I pretty much agree with most of what you said, precious metals do hold intrinsic value, however I would argue that there simply isn’t enough gold/silver in the world today with our current global population for it to be used as currency. It just wouldn’t be practicable, plus people would hoard it and stifle the economy.

        Therefore paper and digital money are probably the best forms of currency we could use today, however there needs to be safeguards.

        Central Banks need to apply Glass-Steagall Act World Wide, renegotiate a new Bretton Woods agreement where nations share a basket of currencies instead of the US owning the sole World reserve currency.

        Also the world needs to decide if it will keep a floating system of currencies or if it should be backed by…

        -gold? (Bretton Woods)
        -Oil? (Nixon Shock) or something else
        -Human resources?(ie education)

        That’s my 2 cents (pun intended)

      • Sam says:

        You REALLY need to read Thieves Emporium. See my post above.

    • HomeRemedySupply says:

      –Money —
      What if…?

      What if anyone was free to create currency?
      What if anyone was free to create their own script of exchange, to create a symbol used in trade and exchanges of value?

      (ha!!! What would the taxman do? Agghh! What would the manipulators do? …I guess they would have to outlaw independent script.)

  18. bladtheimpailer says:

    A question or two for you James. First I admit that I am a newbie to this line of thought of volunteerism so bear with me if my question seems silly to you. In such a society of free association what is to prevent monopoly from forming, especially over existential life support systems like water, obviously a localized commodity or one that could be kept localized by a monopoly, with possible price gouging as the result? How would the environment be protected from say over logging or logging in environmentally sensitive areas that could damage the overall life support system of an area? How would a consortium of individuals, say extracting iron ore, be stopped from externalizing the cost of pollution their operation causes as their price for a ton of iron would be cheaper than a competitor who is mind full, like old Fezziwig and the two new entrepreneurs Marley and Scrooge? Would law in all its majesty of logic still have a place in a free society?

    • Kedi says:

      QFC So glad you asked that as I do have been wondering the same. My attempt at an answer is that consumers of say water would have a choice to stick with the private monopoly supplier or seek an altrnative.
      This would offer at least one more alternative than what is possible now with the sole supplier being the government.
      Not ideal, but a step in the right direction

  19. aliskyrocket says:

    Re Kudzu. It is not a wicked plant. 🙂 The government has actually done the population a favour. If kudzu grows near you, you won’t starve!

    • Sam says:

      Just don’t eat the stuff near the road or where the government has sprayed herbicide on it.

    • paypal4 says:

      “Kudzu can be eaten many ways. The young leaves can be consumed as a green, or juiced. They can be dried and made into a tea. Shoots can be eaten like asparagus. The blossom can be used to make pickles or a jelly — a taste between apple and peach — and the root is full of edible starch. Older leaves can be fried like potato chips, or used to wrap food for storage or cooking. With kudzu you can make a salad, stew the roots, batter-fry the flowers or pickled them or make a make syrup. Raw roots can be cooked in a fire, roots stripped of their outer bark can be roasted in an oven like any root vegetable; or grated and ground into a flour to make a thickener, a cream or tofu. Kudzu is used to make soaps, lotions, rope, twine, baskets, wall paper, paper, fuel and compost. It can also be baled like hay with most grazing animals liking it, especially goats. Only the seeds are not edible. And while the root starch is edible, it takes hours of pounding to get the starch out, as my friend Doug Elliott wrote in his book, Roots. “

  20. phillipsbri says:

    My beginners favourite documentary on the money supply is: “I want the earth plus 5%” 45-minutes long

    It is the best online documentary explaining not only the simple mathematical trick but also how it adversely affects everyone that has to use fractional reserve money.

  21. Ramer says:

    I have a question on Brexit and the Union Jack. I happen to be in backwater Vancouver Island last weekend in Nanaimo and came across the Vancouver Island Symphony performing in a concert at the part series when the symphony was playing “god save the queen” with school kids dancing around carrying the union jack. Here’s link — you can see the “concert by the sea” promo at the bottom of the page.

    After the song ended the conductor addressed the audience reading from a sheet of paper and said (this is a paraphrase) “This may be the last year we will be waiving the union jack because with Brexit, if Scotland and Ireland decide to stay in the EU, we won’t be able to fly the union jack anymore.”

    James (or anyone else)can you think of any reason why the English flag would have to change just because England leaves the EU, but Scotland or Ireland did not?

    I also thought this strongly suggests how much they fear Brexit if they are giving the conductor of a backwater symphony anti-brexit propaganda to read in Nanaimo, BC. but that may be reading too much into it.

  22. ShaQ says:

    Regarding the query on Economics & Banking, since I have been reading, watching documentaries & interviews for a while now, I felt I should respond to this since I had the same question and was hard to find good info. Info that accounts for overall system and not just leaning towards about one aspect of the system. Often I notice, when theories come up, they tend to concentrate upon certain aspects and totally leave out on some others. Which usually leaves me in the state of ‘Search for more info’.

    Note that,
    • I am still learning and open to learn. So not an expert by any means. Be free to share references/sources/material to contradict me.
    • Money and banking is complex, and hence requires a lot of time and research. It’s not one single theory.
    • As of now, I have two theories that I’m leading with – (13) & (15).
    • I might make a few mistakes, so take everything with a pinch of salt. Extend this to everyone and everything. Don’t take anything, at face value.
    • I am not leaning towards any theory or have any bias. Do we need small government or big and so on? Trying to be practical and ask as many questions as possible and research.
    • IMHO, if we list down questions about banking and economics in a systematic fashion and answer them with different theories, we can then begin to understand the topic better.
    • This might be way too much of info and maybe a bit off topic. But here is what I have chased and come across for what I think is worthy material. 🙂

    Here are a few issues that I faced as I learned. You can watch out for them.
    1. Initially I had a difficult time because I mixed up the following theories. Had a difficult time distinguishing between ‘what was’, ‘what is’ and ‘what could be’.
    a. How money used to work in the past? (Multiple systems over time)
    b. How money actually works today? Is it same in all countries?
    c. How money could work? Different possible theories with different results.

    2. Numerous documentaries I watch, really don’t distinguish/explain between the following 3 key concepts with respect to modern day banking. (See (9) & (13e) which does discuss)
    a. Notes & coins.
    b. Bank created credit.
    c. Central bank reserves.

    3. Within the current framework of economics and money,
    a. Is there anything fundamentally different among different countries and how money works for them? (Yes! Euro Land. See (13c))
    b. Within the current framework, can we do something to improve the system to a large extent? (Seems to be astounding Yes! See (9), (10), (13))

    4. 2 Major forms / classification of economics that is worth looking into.
    a. Rather than concentrating from the perspective of Austrian vs Keynesian, look into Classical vs Neo-classical economics.
    b. From what I am aware, Classical is barely taught anymore except for a handful of colleges.
    c. Classical seems to make a lot of sense. (See (10))

    • ShaQ says:

      My Questions / Suspicions / Observations
      • I myself have had a lot of questions, some of which I felt has been answered.
      • With the material that I have shared at the end, some of the below questions will continue to remain hanging with different possible theories.

      5. Why weren’t we taught about how money works in schools?
      a. We learn so much in schools. Any subset of us humans, use only a subset of what we were taught. We could live and be quite successful without learning much of it. However, the entire human species subset uses money almost every day and depends enormously on it, yet this was left completely out of education. We spent an incredible amount of time learning about stuff we barely use directly in our real lives, but learnt literally nothing about – what we need and use on a daily basis. This is incredibly fishy. Going by my instincts, Something is not right!

      6. Among the alternate theories that want to change the system a bit or a lot more,
      a. One band camp screams, We need to use gold.
      b. Another band camp screams, we need to tax land – untax “unearned income”, also take away forever monopolies like bank creating credit and let government create it.
      c. Another band camp screams, we need to save, keep trade deficit in check and start producing.
      d. Last but not the least, we need to take power of money creation away from the banks.

      7. There are a couple of pretty fundamental questions that I have and am trying to get my head around.
      a. What is the role of taxes?
      b. What is the role of bonds? Where does treasury, FED and banks fit in here? Is the national debt really an issue?
      c. If we use gold and not fiat currency,
      Hypothetically speaking, if we use gold would that not create a constraint on economic expansion? I mean, we have a massive population that is only growing. Don’t you think, More jobs for more of them should be a more important target than inflating a currency over the long run? (One primary theory that I am still learning – MMT, seems to be a strong proponent of this and makes a lot of sense). It is a different question altogether that the system gets hijacked and used for a different purpose, example – creation of jobs is no longer the criteria.

      8. There seems to be something about the US dollar that is so very different, compared to other currencies/countries. (Am I completely wrong here?? Going a bit too much off track? A beginner could park these aside)
      a. Countries are stacking up dollar bonds like it is some kind of investment. What can they do to it but stack it up?
      b. Why are they stacking them up? Does that mean they have a trade surplus to the US year after year? How does that benefit?
      c. Something goes wrong with the dollar and everybody is affected?

      • ShaQ says:

        IMO To understand the economy and banking, there are several concepts that need to be understood. Not limited to this list.
        • Money / Debt, its workings and its effects of how it is implemented (short term and long term effects). Individual debt / national debt.
        • Power – In the end of the day, it is a power game! 911 allows us to get a peek at how power works in the real world. We learn that the entire mainstream media cannot be trusted at all! It is very difficult to become aware if they are manipulating us, if they are lying, or if they are really reporting facts.
        • Economic Monopolies.
        • Taxation (Monetary Impact and Economic Impact). The more I learn, the more it seems to be another key component in understanding monetary impact. Economic impacts, I have been aware for a while now.
        • Political challenge. No matter which direction we turn, there will be someone with power and/or money taking over the political system / manipulating economic policies.

        These are sources and education material that I’d recommend. Classified into 3 levels. Beginner/Intermediate/Advanced.
        List is long, don’t miss 13 (e).

        9. 97% owned (Money / Debt, Economic Monopoly). Beginner/Intermediate/Advanced (see 0 – 35mins)
        Highly recommended.
        a. Absolutely Fantastic!! Must watch, this is one of the best documentaries on money that I have seen.
        b. Extremely serious, very well presented, For a beginner this one tops the chart. Does not get into intrinsic details of how the process works exactly. Instead focusses on,
        c. Who creates money, what are the larger effects of that, who wins, who loses, possible solutions. They just slam the point home emphatically, in the first 30 minutes!
        d. Difference between Notes/Coins, Bank created credit, central bank reserves (Explained to some extent, not enough though).
        e. Note that the overall Impact is on prices of existing assets – of the likes of real estate.

        10. Real Estate 4 Ransom. (Economic Monopoly / Taxation Economic Impacts). Intermediate/Advanced
        Highly recommended.
        a. Yet another fantastic documentary, this one from the perspective of taxation.
        b. Understand What really drives our economy today?
        c. Difference between earned and unearned income at an economic level. What is the better candidate for taxation and why?
        d. Other candidates for taxation.

        11. Ricardo’s Law – The Great Tax Clawback Scam. (Economic Monopoly / Taxation). Intermediate/Advanced
        Highly recommended.

        • ShaQ says:

          12. Money as Debt. (Money/Debt). Beginner/Intermediate.
          a. Average documentary at best trying to explain about money and its workings. A decent one to begin with, that digs into the intrinsic details of how money works. (See (15) for more material. (15a) & (15b) is more compact and to the point)
          b. However, It is easier watch for a beginner compared to some others.
          c. Covers a bit of history of money.
          d. I’d suggest to watch this before watching others, because this is not very heavy.
          e. Skip the parts about effects like war, etc. Maybe revisit in a later point in time.

          13. MMT – Modern Monetary Theory (This theory emphasizes that Government debt is not the issue. Private debt is. How the current system works, actual role of taxes, deficits, savings, etc. What the current fiat currency system actually means. Completely challenges mainstream economic school of thought.)

          a. Required Reading – Get an idea of Sectoral Balances (#2, #3, #4)

          b. A brief introduction
          Can Ignore. (Intermediate)

          c. What is Money at a nation level? What forces us to use and accept the local currency, instead of some? (Other forms of fiat money like Bitcoin does not make sense once you understand that taxes drive money within a country. Note that Gold is a real world asset, so it has value and is fundamentally different from bitcoin). Also, understand the fundamental problem with Euro land.
          Highly recommended (Intermediate)

          d. Modern Money & Public Purpose 1: The Historical Evolution of Money and Debt.
          Necessity for next video? Intermediate. Listen to first speaker and audience questions.

          e. Modern Money & Public Purpose 2: Governments Are Not Households.
          Highly recommended.
          Difference between Notes/Coins, Bank created credit, central bank reserves.
          Taxes and budget deficits.

          f. More discussions.

          g. Questions / Problems with this theory. Note that I am still learning.
          § Why the FED has refused to be audited?
          § Does this line with FED being privately controlled? While this is what they can do with the system, is the FED only helping out the banks?
          § Running budget deficits such that other countries pile up bonds, why would other countries run along with it?

          14. Serious Debt Problems ?
          a. Possible solution? Wipe out debts and start from scratch. (One needs to distinguish between public and private debts here. Makes sense that it is private debts that drag the economy slowly).

  23. NoMeatNoDairyNoProblem says:

    Although I agree with everything James said in regard to government, I don’t agree with the idea that refraining from voting is the way to go.
    The powers-that-be would prefer that we refrain from voting as it makes it easier for them to rig elections.
    Regardless of who we vote into the White House, the real change needs to come from the bottom in the form of us disconnecting ourselves from the system as much as possible and becoming as self-sustained as possible.
    With that said, it takes very little effort to vote — especially if you vote by mail — and it’s possible (assuming we work hard enough to combat election fraud/rigging) that your vote could actually help put someone in the White House who is not the preferred puppet of the psychopathic PTB. That someone may not be able to get much of anything done, but, at the very least, they could make it more difficult for the PTB to carry out their murderous world domination agenda. Someone like Jill would block military action, massively cut the military budget and bring home members of the military stationed abroad, while someone like preferred-puppet Hillary would give the green light to every single Pentagon/CIA request.
    TLDR: Because voting by mail is so easy, just do it for the chance that it might make things more difficult for those in power, and because those in power would prefer that you refrain from voting.

  24. danmanultra says:

    Hi James,
    I was listening to your podcast on “Boycott Buycott”, about open-source software. It made me want to ask you though. One thing I feel would be really important or helpful for “getting off the grid” would be generating our own source of electricity. Do you ever plan to address this idea or have you already done so?


  25. demetrios says:

    “The Case Against The Fed” by Murray Rothbard.
    “The Mystery of Banking” by Murray Rothbard.
    Money usually starts off like any other commodity that some (not all) people in the community value for its own sake. A set of commodities emerges to relieve the double coincidence of wants problem in a barter scenario. It is when people store it in a central warehouse (a bank) for safe keeping when the fraudsters (banker or warlord) start to take advantage. People start trading paper claim tickets instead of the commodity because a piece of paper is light and compact, thus making it more convenient to exchange. Bankers start printing fake claim tickets out of thin air and lend it out with interest. That is when it turns into debt.
    A peer to peer barter network of millions of people can probably reduce to a certain extent the double coincidence of wants problem, a site similar to Open Bazaar.

  26. totemynote says:

    Hi James and all fellow subscribers,

    I am trying to download/back up all the videos. I am confused about the different formats.

    Sometimes I find them as a youtube video like here…
    …these I cannot download.

    Other times I’ll find them in a different kind of video format like here…
    …these I can download.

    And yet other times I seem to come across both kinds but in separate posts.

    Anyone know how to filter to always find the latter format?

  27. rob32367 says:

    I was watching the World According to Seymour Hersh and his explanation about the killing of Osama Bin Laden.

    Do we give much credence to his version that we did actually kill OBL when Obama & Co say we did but that they really screwed up how they delivered the story? That he was basically our prisoner in Abottabad and they decided one day to take him out?

    I am continuing to look into it but would appreciate other people’s views on this.

    • VoiceOfArabi says:

      Hi Rob32367,

      I just wanted to thank you for sharing this Youtube of Global Empire… I have never seen this program before, and for someone who comes from the middle east region, i can confirm that Seymour has his facts correct.

      I really enjoyed watching this as the interviewer is actually knowledgeable on the middle east, and he is not afraid of speaking his mind… refreshing, truly.

      Mr. Corbertt.. if you ever need material for programs on middle east, especially Afghanistan/Pakistan/Yemen and the other Stans, .. check the program other materials.

    • totemynote says:

      “…Do we give much credence to his version that we did actually kill OBL when Obama & Co say we did…”

      I’m not positive I understand your question in the right context but for myself, no credence at all is given to it. This is mentioned in one of Jame’s “Laughing at Tyrants” episodes.

      There is so many things surrounding the OBL meme that don’t add up.

      I could post links from even mainstream media about what happened to some members of Seal Team 6 after the OBL supposed killing that by itself reinforce a belief that it was untrue.

      And James, the Seal Team 6 story might be worth a episode by itself. There is much to this that the majority of people are unaware of.

      I may come back to this post later with some links about it specifically if that is okay. I’m still unsure about the comment etiquette here.

  28. Not This Little Frog says:

    What are we to make of the recent article US-NATO-Turkey Invasion of Northern Syria: CIA “Failed” Turkey Coup Lays Groundwork for Broader Middle East War? By Michel Chossudovsky in light of the recent interview #1202 between James, Sibel and Spiro?

  29. teresa says:

    Two questions:
    First, how does it benefit the powers of the chessboard to create situations that result in mass migrations of persons from their home country into Europe, the US, and other countries? What am I missing in order to understand how that benefits those in power?

    Secondly, the recent 20/20 episode about Kayla Mueller is openly critical of the government’s handling of her situation. What is to be gained by whom by having that special air on prime time?

    Thank you.

  30. PeasLuvandNRK says:


    have you ever covered the AMERITHRAX investigation?

    -Peace, Love & Anarchy

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