@kindnugz420 research "the fractional reserve currency system" it allows banks to loan as much as they can as long as it can back just 10% of the loans it makes with cash
that means that when you go borrow 50k from the bank they dont go into the vault and grab 50k and give it to you ...they punch a few keys on a computer and POOF 50k appears into your account out of nowhere
new currency that didnt exist prior to the loan ...which wildly inflates the currency
@HDTVMan08050 you got it all wrong man ....if we ended the federal reserve we all wouldnt be carrying around coinage like the old days ...it would allow the congress to RESUME the job of printing and regulating our currency which it would BACK with gold and silver deposits
we would still have paper notes but they would acccually be worth something because its real value lies in the gold that the treasury holds to guarantee the value of the currency
Please explain. If the fed was to be no more. What would be in it's place? Gold. Who has gold to exchange for the fed note? If everyone had to give in there gold, who was it given to? Wouldn't the then have all the money (gold/silver)? Would we just print out own? How would we do commerce around the would? Thanks and have a great day.
Good job guys, God bless all of you!
weelgunny 3 months ago
"End the fed protest" is pretty misleading. I thought this video was about how they should stop protesting.
FizzyP 3 months ago
kansas city federal reserve are jerks
Lynnc83 3 months ago
@kindnugz420 paste this after youtube.com in your address bar and watch the vid /watch?v=8Fm5NSeVPog
kindnugz420 3 months ago
@kindnugz420 research "the fractional reserve currency system" it allows banks to loan as much as they can as long as it can back just 10% of the loans it makes with cash
that means that when you go borrow 50k from the bank they dont go into the vault and grab 50k and give it to you ...they punch a few keys on a computer and POOF 50k appears into your account out of nowhere
new currency that didnt exist prior to the loan ...which wildly inflates the currency
kindnugz420 3 months ago
@HDTVMan08050 you got it all wrong man ....if we ended the federal reserve we all wouldnt be carrying around coinage like the old days ...it would allow the congress to RESUME the job of printing and regulating our currency which it would BACK with gold and silver deposits
we would still have paper notes but they would acccually be worth something because its real value lies in the gold that the treasury holds to guarantee the value of the currency
kindnugz420 3 months ago
@HDTVMan08050 Look up what Lincoln wanted to do, make greenbacks.
northwestblazinfire 9 months ago
Please explain. If the fed was to be no more. What would be in it's place? Gold. Who has gold to exchange for the fed note? If everyone had to give in there gold, who was it given to? Wouldn't the then have all the money (gold/silver)? Would we just print out own? How would we do commerce around the would? Thanks and have a great day.
HDTVMan08050 10 months ago
Federal Reserve = the real terrorists
Bluto2973 1 year ago
We have not had Money in our pockets since the government forced the people to turn in their gold and silver for paper notes of credit.
That isn't money you put in your wallet, It's notes of credit.
You earn credits from your employers to purchase things, it's not money (silver or gold)
It costs less then 3 cents to print a one dollar bill or a 1,000 dollar bill
Why does it is cost them only 3 cents (3 credits) to make, but costs us 1,000 dollars (credits) to get?
That's over 1000% profit
cumara0seadog 2 years ago