How to Abolish the Federal Reserve
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The fractional reserve system is said to benefit the economy by creating more money for trade then actually exists. This is accomplished through a series of loans from banks, purchases made with the money and the money ending up back in another bank ready to be loaned out again. The money created is not real but a calculation of money movement through banks over time. Time is often an over looked element when trying to understand how money creation happens.
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If it weren't for the Federal Reserve's backing a lot of banks would have a hard time attracting depositors. Average people would be hiding their money in safes at home. The backing of the Federal Reserve gives average Americans faith in the banking system, without it checking account deposits would be a fraction of what they are today.
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@ch3rok33jo3 Or they know more about banking than a 3 year old?
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Twelve people are either bots or government agents. Maybe they're people who just had a nervous breakdown. The truth can make you go insane.
That's how illegal our money system should be.
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Why?
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@8DeaD7 How would banking work without Fractional Reserve Banking?
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Abolish Federal Reserve, Fractional Reserve Banking and all corrupted organizations! Corrupt politicians and corporations aswell! LOVE AND FREEDOM
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Do you understand how loans are made?
Bill is right about abolishing the private Federal Reserve AND WE DON'T NEED A GOLD STANDARD. The Rothschilds own most of the gold and a gold standard would impoverish us. LET OUR GOVERNMENT TAKE OVER THE PRINTING OF AMERICA'S MONEY AND CREDIT. Then the government could use this power to create credit to rebuild America's infrastructure without worrying about having to pay off foreign and domestic creditors.
MrWakethesheeple 3 months ago 15
Erradicate the Fed! Restore Glass/Steagle.
BeantownJim 1 month ago 2