Someone who understand how the system works, but can explain it to us, so we can have a better understanding whats going on.
I made it about 5-6 minutes into the video. I just do not agree with his assertions. Money is created when one entity sells a good or performs a service to another entity above the "costs of goods sold" (taken from a line item on the Income Statement.)
Federal Reserve Banks "print" money as they determine the collective money created during a given period to keep the economy chugging along. There is some "hocus-pocus" involved in this, and yes it seems that the system is sometimes rigged. If they Federal Reserve Banks did not add money to the economy then the ability to perform routine commerce would grind to a halt and individuals would have to go back to a barter system rather than use money.
The Federal Government should print it's own money and do away with the Federal Reserve. Why won't they let the Government audit them? Do they have something to hide. I would say they do.
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