Fractional Banking and the Federal Reserve System Explained!
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wouldn't this be controlled if they simply took away the banks ability to create money from nothing. if they loaned out the 9billion - but that actual 9billion and not a new created out of this air 9 billion? sorry if this is a naive question
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@Tasadaru You understand the system but put far too much faith in the banks
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@TheJerrydat I Second your remarks
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Not 1 dislike :D
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GIVE ME RON PAUL OR GIVE ME DEATH!
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@01username001 Resource Based Economy FTW!
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It actually sums it up the fractional reserve system all quite clearly. Bankers make money out of thin air. We the people get poorer. Your life would change if you had a license to create money that way. For a much deeper understanding of how it works, I suggest watching "The Creature from Jekyll Island", "The Secret of Oz", and "The money Masters" documentaries for a great overall understanding of the history of money and monetary policy. Keynesian economics only enriches the bankers. The scam.
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@Tasadaru Absolutely nothing you've said addresses fractional reserve banking. The reason you get multiplication of the money supply has nothing to do with risk outlays, it has everything to do with how you measure the money supply. M1-M3 only take into account the asset side of the balance sheet for non-bank entities and the liabilities side for banking institutions, which would be like me saying I have a thousand dollars without mentioning my $500 in credit card debt.
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@plutonium210 We can have a banking system where people have money in the bank for the sole purpose of growing it while -at the same time - knowing they can lose it. It could be a risky savings account. The difference between a bank and brokerage firm would be that the bank would not invest the money loosely. Also, if you just want to have an account for the purpose of buying stuff using a debit card the bank could charge a very low monthly fee, if any, for providing that service.
Ron Paul FTW!
01username001 2 months ago 6
another good one to watch is - The american dream ..
its here on youtube .
End the FeD
ron paul for America.
yendytok 4 months ago 5