If You Work To Earn Money You Need To Watch This

1

Since nixon’s evaporation of the gold standard, the US currency has been backed by little more than confidence.

Confidence in the people’s lack of understanding of the monetary system that is.

The federal reserve is not federal, it is privately owned.

https://www.youtube.com/watch?v=Tp2nu0Qdt0o

They can lend multiples of what exists in reserves, under fractional reserve banking.

They control the amount of money in circulation, which comes in to existance through loans made to banks and governments.

Since the money comes into existance through debt it has to be repaid, but with interest.

Therefore the debt is larger than the money supply and inflation, along with defaults and bankruptcy, become permanent problems

Source

Next Post

Studio 4c ~ 'The End Of The World' & Other Stories

Thu Aug 12 , 2010
[youtube]L1I73J3JFbw[/youtube] [youtube]xFOE-sfAmlg[/youtube] Studio 4°C is a Japanese animation studio founded by Koji Morimoto, Eiko Tanaka, and Yoshiharu Sato in 1986. The name comes from the temperature at which water is densest. It should not be mistaken with Studio 4C which is a common nickname given to the team of assistants […]