Second Look at the Federal Reserve by Edward Griffin 3 of 7

Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It sounds like a detective story, which it really is, but it's all true. Based on Mr. Griffin's book of the same title, this address will shatter your old ideas about money and change the way you view the world. 1998 lecture.

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[Mastr9]

all true......every word

[Stacks97]

I've been looking for so long for someone to explain to me how the federal reserve works. Thank you so much to whoever post this.

[BLACKPUSSYPUNISHER]

@Xenofreak-10% Of $900=$90, yes he was off by ten dollars, but he is still correct in what he says. I understand that your work at the FEDERAL RESERVE give you a special insight on matters of monetary policy but the facts he states are essentially true. Watch this ENTIRE VIDEO then get back to me.

youtube.com/watch?v=XbfxNcLfYl­c

[Xenofreak]

...$100 does not let them loan out $900. Our money supply would be absolutely broken if that were the case. It would have been growing exponentially since the inception of the system. 10% required reserve means they can loan out 90 and have to keep 10. It's their required DEPOSITS. Loans given out do not count as deposits. So no, $100 doesn't mean they get to loan out $900. I really hate that people who are flat out wrong get praised as intellectual visionaries.

[69vmac]

Griffin is amazing.  The book is life-changing. His research is so thorough. For more information on the mechanics of the monetary system, search "Why we are in so much debt" on YouTube.

[Sutherland420]

i hate banks and bankers but part of the reason they charge interest is cuz ppl build dept and then die and who pays 4 that dept? those rich billions dont want 2 so they charge the tax payer who is just barely getting buy with food bills.

[buzzvideo77]

The fact of the matter is that all inflated dollars must be turned into labor. As Banker's inflate the dollars true value, the postman will work more and more hours to get the same $100 because labor is worth less because of this scheme.

[aggiepetvideo]

the federal reserve notes that we call money have NO intrinsic value - they represent debt, as in the faith of others that the US will be able to pay back the 'money' we are spending today. fed notes NEVER become 'real' because real money AKA silver/gold has value in and of itself.

we have ALL been sucked into the mother of all scams...

unfortunately there is no way to fix this without a lot of pain, and the system will collapse as more people refuse to comply with the deception.

[nbj01]

Hi I have a question : When he says the fed creates 100$ from nothing and then lends it to the govt who then pays the postman for delivering letters and finally this postman puts the 100$ in his bank account.

When the govt gave 100$ to the postman, can we still say that this 100$ represents nothing ? Please correct if I missed something but it would be fair to say that the 100$ which the postman has put in his account has become "real" money because it represents the labour of the postman ?

[Willhartha]

EbolaVirus1717, not only. This video is true.

[44bit]

are you living under a rock? the meteor is real. And it will hit us 2067.

[EbolaVirus1717]

I'm just pointing out that there are nuances to the structure of the fed that he isn't giving credit to, and at least today undermines some of his arguments about the fed poofing up money.