Secretary Clinton Rings Opening Bell at NY Stock Exchange
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End Money Creation by privately owned banks and end Fractional Reserve Banking. Money should only be issued by governments in order to control the quantity.
Governments should issue their own money; not borrow from privately owned banks. Otherwise we are doomed to a world ruled by a plutocracy. A gold standard will not stop fractional lending.
Even Goldman was leveraged over 300 to one.
The leverage by banks was way beyond the standard 10 to 1 which should not even be.
Common Good!
marinello6 5 months ago