Wednesday, February 7, 2007

The Money Masters

A friend recommended to me a film called The Money Masters about how the Federal Reserve is causing our nations debt. As a private bank, the Federal Reserve was given COMPLETE CONTROL over our economies money. Controlled by banks, they were/are greedy, money-hungry people, or so the video says. Like other conspiracy stories, this really gets you thinking.

A quote, so you know what you are getting into:

"Every bank in the United States is allowed to loan out at least ten times more money than they actually have." This is fractional reserve banking. This is similar to how paper money was created, when money used to be receipts for peoples currency; gold. Back then, since people rarely took out the gold in their reserve, paper receipts were given out, in excess, as loans. Interest was collected on those loans and the money collected by banks grew to enormous proportions...
The video is about one hour and 43 minutes long so you might as well break out the popcorn and find yourself a comfortable seat. You can find part 2 of this video on the sidebar to the right of the video.

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