Cnn Money 50 Cent House

The Truth About The Federal Reserve And Your Money

Cnn Money 50 Cent House The video I have linked to is over three and a half hours long, so I will give you a shorter synopsis here from the video transcripts and I hope that you might comprehend at least as well as I have, which is to say, barely.

Basically, opponents of the Federal Reserve, a private bank, not a government institution, claim that the method of banking in use in the U.S. and most developed countries is simply a powerful arm of the global banking conspiracy to control the world. Well, I don't know if it's a conspiracy per se, but it certainly has all the makings.

Regardless of how you may feel about crazy conspiracies and crazy people (two of my favorite subjects), the facts of this case are astounding. Our banking system does indeed allow the banks to loan out ten times the amount of money that they actually possess, and then assign an interest rate on those same loans.

This is the exact same practice utilized by the goldsmiths of old, who would put citizens' gold in their vault for safekeeping, issuing a receipt for the gold as proof. At some point, the goldsmiths realized that they could issue 'receipts, ' or, 'loans, ' without actually possessing the gold to back it up. Basically, they were loaning money that they did not have. If you and I were to practice this type of business, we would be jailed for fraud and counterfeiting , but the money changers enjoy an exclusive privilege-The ability to loan money that doesn't exist.

I'm no economics expert, so I had to dig deep to understand what exactly all this means.The history of money changers is a tale in and of itself.

From the video transcript at http://reactor-core.org:

"Two early Roman emperors had tried to diminish the power of the Money Changers... Both were assassinated.

In 48 BC, Julius Caesar took back from the Money Changers the power to coin money and then minted coins for the benefit of all... But the Money Changers hated him. Some believe this was an important factor in Caesar's assassination.

One thing is for sure: with the death of Caesar came the demise of plentiful money in Rome. Taxes increased, as did corruption. Eventually the Roman money supply was reduced by 90 per cent. As a result, the common people lost their lands and homes - just as has happened and will happen again in America to the few who still own their own land and homes."The report goes into somewhat better detail than I am capable of really paraphrasing here:

"The central bank scam is really a hidden tax, but one that benefits private banks more than the government. The government sells bonds to pay for things for which the government does not have the political wisdom or will to rise tax to pay. But about 10 per cent of the bonds are purchased with money the central bank creates out of nothing. The government then spends this new money. Once deposited, private banks use these new deposits to create ten times as much in new fractional reserve loans. This provides the economy with the additional money needed to purchase the other 90 per cent of the new bonds without drying up capital markets and forcing up interest rates. By borrowing the money (Ie., selling new bonds), the government spreads out the inflationary effects over the term of the bonds. Thus, there is little or no immediate inflation. More money in circulation makes your money worth less. The politicians get as much money as they do want, and the people pay for it in inflation - which erodes the purchasing power of their savings, fixed income and wages."

Okay, I got some of that, I think. But if it's so awful, how was it ever allowed to come into existence?

By MisterSteve - MisterSteve is a Florida native and spends most of his time being outraged at world political figures. Leaning both extremely left and extremely right on most topics, MisterSteve is conflicted only by logic.

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