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  • MONEY IS DEBT - that's what makes FIAT currency and fractional reserve banking to dangerous. it is a way of controlling society, that is hidden in plain view. It also causes inflation and booms and busts.

  • Ummmm.... bad editing.

    Zeitgeist explains it well, but you cut it off.

  • @jakigi As for the editing, I was trying to cut out the Theosophy.

  • Nice eye candy in the beginning...real info starts at around 7 minutes...brief description of fractional reserve banking...

    I'm not sure about the Fed purchasing government debt example...I think this is the exception rather than the rule, I believe the debt is sold at auction to many buyers world-wide...

    and yes, the money is created from debt...basically, the debt is issued based on the taxing capability of government, which makes sense to an extent but could get out of control...

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