100% agreed. This has been going on for some decades, hand-in-hand with “The FED” being so complex that only bankers and their ilk can handle banking, so we must have bankers control their own banking and our dollar.
Banking is easy. You put money in the bank, they save it until you need it for a small fee. But they don’t save it any more, you see. They have about one dollar for every 10 dollars deposited. The rest exists only in the banking system itself, and is not a tangible asset.
The complex part is their labyrinthine banking-created machinations to manipulate that one dollar into ten.
I’d get into it, but mods often think anything about The FED is a conspiracy. Don’t be like them. Take The Fed at its word, note who serves and where they worked before and after their terms, and reach your own conclusions.
But they don’t save it any more, you see. They have about one dollar for every 10 dollars deposited. The rest exists only in the banking system itself, and is not a tangible asset.
Fractional reserve banking has been around for hundreds of years
100% agreed. This has been going on for some decades, hand-in-hand with “The FED” being so complex that only bankers and their ilk can handle banking, so we must have bankers control their own banking and our dollar.
Banking is easy. You put money in the bank, they save it until you need it for a small fee. But they don’t save it any more, you see. They have about one dollar for every 10 dollars deposited. The rest exists only in the banking system itself, and is not a tangible asset.
The complex part is their labyrinthine banking-created machinations to manipulate that one dollar into ten.
I’d get into it, but mods often think anything about The FED is a conspiracy. Don’t be like them. Take The Fed at its word, note who serves and where they worked before and after their terms, and reach your own conclusions.
https://www.federalreserve.gov/
Fractional reserve banking has been around for hundreds of years
https://en.wikipedia.org/wiki/Fractional-reserve_banking