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And then it gets deposited again, and they can make loans again at the same fractional rate. They can do this for every single deposit. Time and time again. Which multiplies the loans. Which is part of the video you ignore.
Fractional Reserve Banking System - Money Creation Explained In A Fun But Thorough Manner - YouTube
Making money out of thin air. yep.
Thanks for the example of banks lending less than deposits.
The opposite of creating money out of thin air.
LOL
And then it gets deposited again, and they can make loans again at the same fractional rate. They can do this for every single deposit. Time and time again. Which multiplies the loans. Which is part of the video you ignore.
Riddle me this.............Goldman Sachs has assets at about 114 BILLION..........But derivatives of around 48 TRILLION. They don't have jack in assets to back up their bets............Tell me that isn't BS..............
Before the Federal Reserve was created in 1913, there were over 30,000 different currencies floating around in the United States. Currency could be issued by almost anyone -- even drug stores issued their own notes. There were many problems that stemmed from this, including the fact that some currencies were worth more than others. Before the Fed was created, banks were collapsing and the economy swung wildly from one extreme to the next. The faith Americans had in the banking system was not very strong. This is why the Fed was created and most of us don't want to go back to the good old days of freewheeling money barons. There are certainly problems with central banking but the alternative is worse.Should the Federal Reserve be abolished?
The FED (Federal Reserve Bank) is a Commercial Privately Owned Bank
WHY THE FED SHOULD BE ABOLISHED
1. The US Congress has the option to buy back the FED at $450 millions (per Congressional Records). When the Congress does this, it will own back the billions of US Government Bonds held by the FED. The US Government will actually PROFIT by buying back the FED! Also, the US government no longer has to pay interests to the FED owners on those bonds.
2. Through their ownerships in the FED, FOREIGN POWERS CAN and WILL influence the US economy. By controlling our interest rates and money supply, they can actually create economic disaster in the US , should the US disagree with them.
3. Although the FED directors must be confirmed by the Senate, the awesome lobbying power of the FED owners makes this process meaningless. The owners of the FED can and will put whoever they wish in the position.
4. Abolishing the FED will lead to lower inflation. At this moment, the FED prints as much money as needed to buy the US Government Bonds. Since the FED prints this MONEY out of THIN AIR, this leads to an INCREASE of MONEY SUPPLY, WITHOUT increase in GOODS/SERVICES. This, as all of us know it, leads to INFLATION.
If the general public buy those bonds with money that they EARNED by providing GOODS/SERVICES, the money supply level is contant in relation to the goods/services level. Thus, there is no inflationary pressure from selling these bonds. 5. Abolishing the FED will reduce the national debt level. By buying back the FED at $450 millions, the US Government will buy back the billions of dollars of bonds held by the FED. Thus, the net effect is a reduction in national debt. After buying back the FED, the US Government does not have to pay interest on those bonds it buys back, further reducing the national debt.
6. Abolishing the FED will lead to eventual balance budget. Today, even if the US Economy only grows by a meager 2% per year, the US Government should be able to put 2% of US-GDP dollars into circulation WITHOUT INFLATION.
Consider, if the goods/services grow by 2% and the money supply grows by 2%, the ratio of goods/services vs. money supply remains constant. Thus, no inflation is created.
The government can use this extra money supply to fund its project without raising taxes.
As long as the government does not print money more than the goods and services available in the US , there will be no inflationary pressures.
This had in fact been done with Executive Order 11110 of President Kennedy. Kennedy ordered the Treasury Dept. to print a US GOVERNMENT NOTES (vs. FEDERAL RESERVE NOTES). In effect, Kennedy bypassed the FED by making the Treasury Department printed REAL US MONEY, instead of selling bonds to the FED for almost free.
The sad fact is, the US Government does not do this anymore. Instead, the US Government sell bonds to the FED, which buys those bonds using money they don't earn. Thus, the US Government must now pay interest on those money that it "borrows" from the FED.
7. By point (6) above, the US Government can actually reduce taxes on everybody since it has more interest free money to spent in the amount equal to the growth of the US GDP. KEEP IN MIND, THIS MONEY WILL NOT CAUSE INFLATION, since the money is printed along with the growth of the goods and services.
What you can do to save the United States of AmericaThe FED should either be AUDITTED every year, or be abolished. I have done my part providing this information. It is up to you to decide the future of the US economy. Please do the followings:
I have no doubt on that. The Silver Backs were taken out of circulation almost immediately after his death.
A conspiracy theory. But I would say was his own fault for not going all the way.
Going all the way with what?
Before the Federal Reserve was created in 1913, there were over 30,000 different currencies floating around in the United States. Currency could be issued by almost anyone -- even drug stores issued their own notes. There were many problems that stemmed from this, including the fact that some currencies were worth more than others. Before the Fed was created, banks were collapsing and the economy swung wildly from one extreme to the next. The faith Americans had in the banking system was not very strong. This is why the Fed was created and most of us don't want to go back to the good old days of freewheeling money barons. There are certainly problems with central banking but the alternative is worse.
HowStuffWorks "How the Fed Works"
A conspiracy theory. But I would say was his own fault for not going all the way.
Going all the way with what?
If it was his plan to abolish it he should have done it instead of going piecemeal.
Before the Federal Reserve was created in 1913, there were over 30,000 different currencies floating around in the United States. Currency could be issued by almost anyone -- even drug stores issued their own notes. There were many problems that stemmed from this, including the fact that some currencies were worth more than others. Before the Fed was created, banks were collapsing and the economy swung wildly from one extreme to the next. The faith Americans had in the banking system was not very strong. This is why the Fed was created and most of us don't want to go back to the good old days of freewheeling money barons. There are certainly problems with central banking but the alternative is worse.
HowStuffWorks "How the Fed Works"
BULLSHIT
Only a retard would say that paper is better than gold and silver.
Assuming that Walgreens a private entity was issuing its own currency then it will VOLUNTARILY used by those who chose to do so . Those currencies will not cause nationwide depressions.
The ONLY problem that existed then was that the Congresscritters did not have an elastic currency which would allow it to create a warfare/welfare state.
.
Before the Federal Reserve was created in 1913, there were over 30,000 different currencies floating around in the United States. Currency could be issued by almost anyone -- even drug stores issued their own notes. There were many problems that stemmed from this, including the fact that some currencies were worth more than others. Before the Fed was created, banks were collapsing and the economy swung wildly from one extreme to the next. The faith Americans had in the banking system was not very strong. This is why the Fed was created and most of us don't want to go back to the good old days of freewheeling money barons. There are certainly problems with central banking but the alternative is worse.
HowStuffWorks "How the Fed Works"
BULLSHIT
Only a retard would say that paper is better than gold and silver.
Assuming that Walgreens a private entity was issuing its own currency then it will VOLUNTARILY used by those who chose to do so . Those currencies will not cause nationwide depressions.
The ONLY problem that existed then was that the Congresscritters did not have an elastic currency which would allow it to create a warfare/welfare state.
.
Assuming that Walgreens a private entity was issuing its own currency then it will VOLUNTARILY used by those who chose to do so .
You get paid in Walgreen's notes. You try to pay your rent but your landlord doesn't accept Walgreen notes. What do you do now?
BULLSHIT
Only a retard would say that paper is better than gold and silver.
Assuming that Walgreens a private entity was issuing its own currency then it will VOLUNTARILY used by those who chose to do so . Those currencies will not cause nationwide depressions.
The ONLY problem that existed then was that the Congresscritters did not have an elastic currency which would allow it to create a warfare/welfare state.
.
Assuming that Walgreens a private entity was issuing its own currency then it will VOLUNTARILY used by those who chose to do so .
You get paid in Walgreen's notes. You try to pay your rent but your landlord doesn't accept Walgreen notes. What do you do now?
Firstly, let me say that the private currency issue is pure fiction.
But assuming, for argument's sake that private entities were issuing their own currency then It would behoove you to ascertain that you can use the same as tender.
True. Although there is ample evidence that fed management of the economy has been beatification, 1 depression and 22 recessions versus 6 depression and 44 recessions in the hundred years prior to fed, there is no way of knowing how well the economy would have done without central management.Yes, it's all very nice to point out the crucial flaw in the system, and it should have been done sixty years ago while it could have been managed with out societal collapse. However, at this point, it is probably the only thing holding the whole charade together. This is why the globalist police state elites are now so brazen about their abuse of power. They have created a trap. The only way to kick them out now involves people losing their shopping malls, American Idol, their food stamps and their NFL. Not many want to go with out bread and circuses.
In the United States, the Free Banking Era lasted between 1837 and 1866, when almost anyone could issue paper money. States, municipalities, private banks, railroad and construction companies, stores, restaurants, churches and individuals printed an estimated 8,000 different monies by 1860. If an issuer went bankrupt, closed, left town, or otherwise went out of business the note would be worthless.
BULLSHIT
Only a retard would say that paper is better than gold and silver.
Assuming that Walgreens a private entity was issuing its own currency then it will VOLUNTARILY used by those who chose to do so . Those currencies will not cause nationwide depressions.
The ONLY problem that existed then was that the Congresscritters did not have an elastic currency which would allow it to create a warfare/welfare state.
.
Assuming that Walgreens a private entity was issuing its own currency then it will VOLUNTARILY used by those who chose to do so .
You get paid in Walgreen's notes. You try to pay your rent but your landlord doesn't accept Walgreen notes. What do you do now?
Firstly, let me say that the private currency issue is pure fiction.
But assuming, for argument's sake that private entities were issuing their own currency then It would behoove you to ascertain that you can use the same as tender.
Going all the way with what?
If it was his plan to abolish it he should have done it instead of going piecemeal.
He never planned to abolish the Fed. Not even a little bit.
