The Perpetual Debt Machine As Explained By The TV Series "Good Times"

Wednesday, December 01, 2010 , , 6 Comments

Even if they got it a little wrong (the banks do technically get money from the Fed though they're also allowed to manufacture 9 blips to every 10 you deposit in their "vaults"), I have to say the Good Times writers nailed it. Little did we know we've known all this time that the Fed is a scam.

Peep the video:

Banker: "Well I sympathize with you very much, Mr and Mrs Evans, but you see, you have to understand the banking system. You see, we can't loan you money unless we know we can get it back. We ourselves borrow money from the Federal Reserve. The Federal Reserve gets their money from the government and the government gets their money from the people."

James Evans: "Well in that case all I'm doin is borrowing my own money, brotha!"

Banker (suspiciously): "Welllll not so loud, Mr Evans, you may give the whole system away hehehe..."

Any time you meet a payment. - Good Times.
Any time you need a friend. - Good Times.
Any time you’re out from under.
Not getting hassled, not getting hustled.
Keepin’ your head above water,
Making a wave when you can.

Temporary lay offs. - Good Times.
Easy credit rip offs. - Good Times.
Scratchin’ and surviving. - Good Times.
Hangin in a chow line - Good Times.
Ain’t we lucky we got ‘em - Good Times.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


Anonymous said...

Charles Ferguson (Inside Job) on Charlie Rose

Systemic corruption by the financial services industry-watch!

That damn song has been in my head All. Day. Long.

Anonymous said...

Thelma - the Original and still the best Bootylicious.

Anonymous said...


"The Federal Reserve gets their money from the government and the government gets their money from the people."
Jct: Sadly, that's not the way it works. Start with no money.
The FED creates a billion dollars and lends it to the government. The government spends the billion in the upkeep of the nation which gets deposited in private banks. They now can create and lend out a new 900 million (10% reserve) which gets spent and deposited permitting them to create and lend out another 810 million which goes out and comes in to permit creation of another 730 million etc until the original billion created by the FED has been multiplied up to 10 billion in loans of new money to borrowers who can how pay their taxes back to the government.
Nothing wrong with that except the banks demand the return of 11 for every 10 they create in the mortgage death-gamble. That's why interest on money, not cows, is called usury, it creates an impossible death-gamble where someone must get knocked out of the game and have their collateral foreclosed resulting in Shift B inflation, same money chasing less goods, not the Economics-taught Shift A inflation, more money chasing the goods.


I believe the point that Good Times was attempting to make (albeit an over-simplified one) was that the Federal Reserve gets its money from the government in the form of interest payments on the money that it has already created.

You couldn't expect Norman Lear to allow a lesson on the Federal Reserve on one of his shows, could you? It would have taken far more than an hour just to explain how banks create money from nothing.

I think given the 30 minutes a sitcom is allowed and the fact that Good Times was basically a "hey, the economy sucks but look at this nice black family behaving themselves anyway" show, this was quite a leap and progress towards exposing the Fed to the regular ole sheeple.