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The Federal Reserve System - A Basic Understanding

By
Industry Observer
Posted by

Tony Toto

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Comments (3)

Jim Startzman
Long and Foster Real Estate - Wilmington, DE
great Info Thanks for the video!
Jan 25, 2010 01:46 AM
Goodbye Active Rain
Out of Real Estate
Not only does the bank collect interest, they also get back what they borrowed so ultimately the people paying for this created fiat money through taxes, never get anything for their labors... well, maybe a piece of material that has been made to fail/die in order to get you to consume over and over and waste over and over all well running in circles and never really getting anywhere while the whole time selling yourself and your spirituality down stream...
Jan 25, 2010 03:25 AM
Ron Brown NMLS #270845
NMLS ID: 40831 - Federal Way, WA

Call it what it really is - a Ponzi Scheme. 

"A takeover of monetary policy by the Congress" Bernanke from the video above.  ONLY CONGRESS HAS THE POWER TO COIN MONEY - How is this a "Takeover" when it is solely their power via the US Constitution!?!  The "threat" to the national economy is the exposure of the Ponzi Scheme, and the "wizards" behind the curtain of the Fed.

All new money is loaned into circulation as an interest bearing debt. Since this system only creates the principal and never the interest, the debt is always greater than the money supply.

If all the bank loans were paid no one would have a bank deposit and there would not be a dollar of coin or currency in circulation. - January 24, 1939, Robert H. Hemphill credit Manager of the Federal Reserve Bank of Atlanta

Jan 25, 2010 07:26 AM