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Our monetary system is based on credit or debt, and without constantly continuing issuance of debt, the whole thing falls apart. Our system of ‘fractional reserve banking’ gives commercial banks a licence to literally create money out of thin air – and then charge interest on the money they created. Fractional reserve banking is the cause of spiralling debt.
A biggest public campaign has started to abolish fractional reserve system. Visit POSITIVE MONEY website and support the campaign.
PositiveMoneyUK 6 months ago
Watch all of these videos and understand how the private Federal Reserve cartel operates and you understand theft. Plain and simple. They also just make money up out of thin air. .Better known as counterfeiting. Wake up the private Fed has taken over the government. It is not the federal government doing it, it is the federal Reserve bank. They are not part of the federal government.
lrich65184 8 months ago
I guess that's it. Consumers acquire debt when they borrow money. I.e. to purchase a house for example. What seems unfair is that the federal government acquires debt for legitimate political initiatives. It's no wonder they don't seem to do that much. e.g. why isn't the Afghanistan Government asking it's federal reserve for money to build tourist resorts sitting idylically next to golf courses? Or why isn't Gillard building a diversion canal diverting floodwaters from QLD down to MDbasin
cliptwingz 1 year ago
Thats it!!! I am starting a bank ill call it the bank of mikeal
MIKEalTV 1 year ago