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Uploaded by kg6dgv on Sep 24, 2008
A Second look at the Federal Reserve
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@leonski35 Fiat currency is not the problem. The creation of money at debt and the fractional reserve banking system is.
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@vanfanel150 Sometimes.
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leonski35, Change it to gold and you give even more power to the "money changers" (the private owners of the superbanks) since they have, since the 20's aquired 2/3rds of the worlds gold.
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@jimmyrtle debt = money?
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@wishmolly "When you or I write a check there must be sufficient funds in out account to cover the check"
When a bank makes a loan, there must be sufficient funds in deposits to cover the check.
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@wishmolly "That 90% is created out of NOWHERE"
You are mistaken. It's created from deposits.
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@wishmolly "The modern Banking system manufactures money out of nothing"
Incorrect. The banking system creates money by loaning out a portion of deposits.
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Yes, in fact we should return to the gold standard, but however, if you do that in the value of gold would be valued over 2 million dollars now; when it use to be previously valued at $35.
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stevespelling... you just dont get it sorry
RightBrainSane 2 years ago 4
wdhyou, that directed at me?
im in eu.
with the fed, it dont matter whos elected.
who prints money rules .period.
im affraid only a bloodbath can free america.
the ruling system is designed2take many with them upon failure.
its so stupid when ppl hope,it gives initiative away for free.sad.
311ftw 2 years ago 3