The Goldsmiths Tale
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Uploaded by PreciousMetalsStore on Apr 24, 2009
The story of the goldsmiths and the birth of fractional reserve banking from the documentary Money as Debt.
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Fable or not, it certainly offers a compelling explanation about the colonial age: Europeans' ability to project purchasing power into meaningless pieces of paper is what made them feel empowered enough to conquer & enslave the populations of other continents.
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@delyparker777 Stick to watching conspiracy videos then, gullible nutjob. Also money multiplier works in reverse as well.
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Very interesting! I took out a personal loan last year. If only I'd watched this beforehand!
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I saw this in Spanish... xD
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This is in fact how our would is run.
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@PatrickRes9 Voting is a pointless participation in a stage show sham. And the illuminati did historically exist, granted there is little evidence of its existence today...
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Americans pay over 300 BILLION a year to the private banking families that own the Fed, all for the PRIVILEGE of borrowing OUR own money.
The Fed is illegal, had been from the beginning, since the US Constitution gives the power to print money to Congress, not some shady characters.
The Fed is illegal because the only way to change the Constitution is to have a convention, then have a super-majority of both the Congress and the states voting in favor of the change, not by passing a law.
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Central banks are EVIL and they literally create "money" out of thin air. The Federal Reserve, the International Monetary Fund and the World Bank are CRIMINALS and should ALL be hung from the highest tree! Watch "The Collapse of Argentina" on youtube and you'll understand how EVIL they are. International Banksters or the Illuminati control govts through the banking system. Watch The Money Masters and The Creature From Jekyll Island for proof beyond a shadow of a doubt. END THE FED!
delyparker777 9 months ago 6
Wow, it blows my mind that some people are even allowed to vote, with such ignorance. To those claiming this cartoon is fictional: It is, but its not false. Its merely a fictional depiction of how fractional reserve banking DOES really work. It is accurate in that way. Just google fractional reserve banking.
Also, every time someone mentions "Illuminati", I stop reading. If youre going to make a point, stick to fact, so you dont destroy your own point, and your own credibility.
PatrickRes9 6 months ago 4