Congressman Christopher Shays on Fractional Reserve Banking

[baconified]

It's ok, " wer'e doing our best". Like any of us believe that. And his supplanting of the notion of 9-1 ratio in the fractional reserve banking system. A LIE. Watch: Money as debt, and: The Money Masters. Don't be deceived because this world is so screwed up in terms of what we are led to believe it is and what it actually is is horrifying. Hegelian dialectic is the prison for our minds. Wachowski brothers wrote The Matrix based on Jordan Maxwells book The matrix of evil. This is the matrix.

[gwapindust]

"We need to stop the contraction." ..... uhhhh right.... basically he's saying we need to keep your house price artificially inflated. Hmmmm sounds like a bad idea to me. But what do I know I'm not a congressman.

[entelekhia]

hail banks

[kendrickdk]

We really need to get rid of the federal reserve... it was implemented in 1913 to supposedly protect this from happening, instead, the fractional reserve system used by our banking is a road to destruction, especially when you take into account the interest on loans.

Fail.

[krug24]

Austrian Economics + history proves the credit expansion process is ultimately unstable and only promotes overbidding/overpricing and inter-market, inter-temporal misallocation of real economic resources leading to massive waste and destruction. Prices must now be allowed to adjust down and productive assets need to change hands to those who are successful, solvent and have real savings.