(2/6) Wall Street (the beginning of the end)
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@teddythebenny I understand the Federal Reserve concept very well. My studying has also gone to the 2008-09 financial panic such as this. The IRS came to us in the same year. With the current Federal Reserve system of 10% reserves, 1.6 trillion currently being held by the bank can be loaned out up to an additional 14.6 trillion dollars the bank never had. If we had not bailed out these too big to fails, our nation would be on the road to recovery by now.
MONOPOLY35 6 months ago
@MONOPOLY35 do u know how banks make money ? money = debt. and debt = money.. besides, since 1913, Woodrow Wilson, Signed, the federal reserve act.. 8/15/1971 NIxon shock, leaves gold standard.. money/paper is the receipt for gold.. more importantly though, no one controls the fed reserve, they however owns the BEP.. the one who prints the currency.. >.< everything u own, i own.. is technically owned by the bank.. lol.
teddythebenny 6 months ago
Paulson, check yourself before you wreck yourself! Bailing out bankers is bad for our wealth. These men were so prideful that they were badly damaged and relied on a bailout. NOTE: The problem happened in September. Historically, stocks tend to do bad in September because there are fewer holidays during that time. The Great Depression, 9/11, and many other times when gold went up in September are directly correlated with this time of reckoning. I believe the next big problem will be in Sep 2012!
MONOPOLY35 8 months ago
THESE GUYS CAUSED IT ALL!!!
sosdkny 10 months ago