Too Few Appreciate the Dangers of Our Fraudulent Money System
Peak Prosperity
Chris Martenson
4.7 • 591 Ratings
🗓️ 17 January 2025
⏱️ 23 minutes
🧾️ Download transcript
Summary
Chris discusses the fraudulent nature of the monetary system, focusing on inflation as a hidden tax, its impact on society, and the role of government and financial institutions.
Transcript
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| 0:00.0 | We have a money problem because our system of money is fraudulent. |
| 0:09.8 | The following is the audio version of a video released at peakprosperity.com. |
| 0:15.6 | Visit peakprosperity.com to watch the video and to find other insightful content such as articles, discussion forums, and exclusive subscriber-only content. |
| 0:32.5 | Hello, everyone. I am Dr. Chris Martinson. Today we're going to be talking about how inflation is taxation. |
| 0:37.6 | This is fundamentally a fraud, a fraud committed on the people. |
| 0:41.8 | And I'm going to talk about the hidden reason why the dollar is doomed. |
| 0:45.3 | I'm going to reveal that. |
| 0:46.3 | That is for subscribers in a later part of this. |
| 0:49.3 | But let's begin with the front part of this. |
| 0:51.3 | What is the definition of fraud? |
| 0:52.8 | Well, it's the act of intentionally |
| 0:56.0 | deceiving someone to obtain a benefit, such as money or property or services. Now, in our |
| 1:02.8 | elected system of government, the way it's supposed to work, right, is that if or when your elected |
| 1:09.5 | officials deem it necessary and in the national interest |
| 1:13.0 | to take some of your money so they can spend it on something well they have to tax it they pass a law |
| 1:18.1 | a law is written it's debated then it's passed i guess over time now the u.s tax laws have |
| 1:24.3 | morphed into a colossal pile of, well, of impossibly complex code, usually penned, you know, not by actual congressmen or senators. |
| 1:38.0 | It's by special interest lobbyists. |
| 1:40.8 | And as distasteful and as embarrassing bloated as the tax code has become by the way |
| 1:45.5 | that is the tax code that's all of it printed out 70 plus thousand pages back here it is stacked |
| 1:50.0 | up more than that 74,000 pages in 2014 it's probably I don't know how many more than that today |
| 1:54.8 | but you can see that it started at 400 pages in 1913 and uh uh-oh, it's morphed into something. |
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