VIDEO/AUDIO — Stock Market Meltdown. There Will Be No Economic Recovery.

via Stefan Molyneux
Aug 24, 2015

MP3 Download: http://www.fdrpodcasts.com/#/3058/sto…

Last week, the Dow Jones Industrial Average fell more than 1,000 points, its worst weekly performance in approximately four years. On Monday, the index plunged by over 1,000 points early – and closed the day down 588 points. In terms of the number of points lost, Monday August 24th, 2015 was the eighth-worst single-day loss in the index’s history.

A third of S&P 500 companies have declined over 20% from their peaks and many retain high valuations despite disappointing earnings numbers. The United States Dollar Index dropped the most it has in over 5 months today to seven month lows – losing against the Euro and Yen. Oil prices plunged, with the U.S. oil benchmark settling down 5.5% at $38.24 a barrel, its first close below $40 a barrel since February 2009.

Some analysis are blaming the China currency devaluation and the drop in the Shanghai Stock Exchange Composite Index – but what is really going on?

[Potent News editor’s note: Clint Richardson wrote an article called “Stop The Religion of the Fed“. He left a comment at his article which may be related to this discussion since the Fed was mentioned a number of times in the video above:

“Usury is an interesting bird, and I am completely against it on all angles. But there’s a bit more to it than the typical “money out of thin air” concept. As a man (male or female), you are in usefruct of government property. You use the surname, numbers, titles, credentials, and other benefits of being a person/citizen of government. Thus, since you are operating as something artificial that belongs to government, the usury is attached to the person, not you. You are bonded and in surety to that fictional person, and so the usury attached for the usage of the person falls on you. This participation is the cause of usury, and this is proven when a person/citizen files for bankruptcy, and the estate is wiped. Usury is nothing but the penalty for fools who take a debt upon a borrowed name. You can blame the bankers for usury, but it is you(the reader) that begs the bank to allow it to put you into usury. As for the mass amount of usury called seniorage that is attached to the U.S. Dollar, the use of the dollar is the cause. Using something else’s property will always be attached with a fine, generally a usurious one. Want to avoid usury, stop using other people’s things!

I wrote about the gold issue in my articles. It’s just another talking point, with absolutely no proof that any gold is missing. The gold in question is colateralized to the dollar, and has a set price of $42.2222, according to the audit (CAFR). Gold will not save you, because it’s not your gold.

The agency doesn’t need to lie, because the people wont take the time to look at the CAFR. It’s all there.

The interest on Federal Reserve Notes is paid each year back to the treasury. Everything is accounted for in the CAFR.

I think Ed Griffen is just as vested as anyone else in the fraud, and he just plagiarized much of it from men like Eustice Mullins.

Again, the whole point here is to stop demonizing one small part of government and to start understanding that government is the problem, not its hundreds of agencies.

-Clint-“

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Background
http://www.europac.com/commentaries/f…
http://www.marketwatch.com/story/vix-…
http://fortune.com/2015/08/24/stock-m…

Effective Federal Funds Rate
https://www.quandl.com/data/FRED/DFF-…

Major Stock Indexes vs. Federal Reserve Interest Rate
https://research.stlouisfed.org/fred2…
http://www.wsj.com/articles/u-s-stock…

Quantitative Easing
https://research.stlouisfed.org/fred2…
http://www.ft.com/cms/s/0/69e8c92c-e7…
http://www.academia.edu/6943181/Quant…
http://money.cnn.com/2010/11/03/news/…
http://www.ft.com/cms/s/0/d3dd363a-e9…
http://www.guardian.co.uk/business/20…
http://www.bloomberg.com/news/2012-09…
http://community.nasdaq.com/News/2012…
http://www.federalreserve.gov/newseve…
http://www.foxbusiness.com/economy/20…
http://www.bloomberg.com/news/2013-06…
http://www.al.com/business/index.ssf/…
http://www.reuters.com/article/2013/0…
http://www.federalreserve.gov/newseve…
http://www.nytimes.com/2014/10/30/bus…