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This clever series is a misleading scam by someone ill-informed and playing to people's prejudices. There are many problems with the Fed but this individual is not addressing them correctly. A conspiracy theory built on half truths to add to people's fears. This is not what libertarians and those looking for government boogie men want to hear, but it is the truth. There are many other authoritative sources available if your want to know the whole truth instead of this compilation of half truths.
truthiness66 2 months ago
@truthiness66 Why don't you state what is untrue and this video? Also, could you please recommend the 'authorative sources'?
N3wW0rld 1 month ago
@N3wW0rld The video asserts that banks are lending with money supplied by the Fed. Bank lending is governed by the Basel Accords that tie lending to bank capital. Fed lending is overnight for liquidity purposes, not lending (exception was the TARP). If banks tried to lend these Fed Funds it would also create an asset/liability mismatch. As to "authoritative sources" there are various FDIC and Fed publications on the topic, google the Basel Accords and see macroeconomics books
truthiness66 1 month ago
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Colonel Gaddafi was the greatest and, by far, the most effective humanitarian who ever lived. The Great Man Made River alone will save millions of lives (and that's why the Nato Nazis bombed it.) Gaddafi's plan for an African central bank, free of Rothschild \ Bilderberg ownership, would have freed Africa from the horror of the IMF and World Bank, and the Gold Dinar would have freed Africa from the Fractional Reserve system, thus saving millions of lives.
davisoneill 3 months ago
without this kind of system, if we run a 500 billion trade deficit for 10 years which we have been, the country would be wiped out of money.
TheBahram203 4 months ago
@TheBahram203 but no bubbles would be artificially created to put us in the mess in the first place
foxxxy723 3 months ago
@foxxxy723 WE THE PEOPLE create bubbles and put OURSELVES into trouble, the banks didn't force people to get mortgages back in 2008 , did they ? the brokers and banks didn't FORCE us to buy stock on margin in the 1920s, did they ? People's GREED creates bubbles, the federal reserve's job is to prevent that, but people are still greedy!! PLUS like I said in my comment before, you can not run deficits for so long without a money supply! A gold supply runs out, but a money supply does not !
TheBahram203 3 months ago
@foxxxy723 not unless the goal was to get a global melt down in order to push a one world currency thus eventually a one world government
brentpal 3 months ago
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A biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.
PositiveMoneyUK 8 months ago
Youtube search for "what is bitcoin" and you too can be a part of taking down fractional reserve banking!
linagee 8 months ago
This is such a fallacy as to how money is multiplied. Today it is connected to the reserve amount, and that dictates how much a deposit can be multiplied. I don't have enough space here to explain, but if you message me I will explain it for you.
randomdude10010 8 months ago
Don't forget! Today is Ron Paul's money 'bomb'!!! Go to w w w(dot)ronpaul2012(dot)com and donate! Also, if you purchase campaign items in the store it does go towards the donation amount. Join the r3VOLution and let's save this nation!! END THE FED!!!
EagleTalonZ 9 months ago
Excellent presentation, it is to my surprise that after years of searching for answers to my many questions, that I have yet to see such facts presented in this fashion. You could say that I knew bits and pieces of this puzzle, but you just put the missing pieces in their place. Thank you!
zenny7 1 year ago 2