Video on the banking system

[ss12]

http://www.youtube.com/watch?v=7_yh4-Zi92Q

[kidrock]

Nothing but a bunch of greedy crooks.

[ss12]

Nothing but a bunch of greedy crooks.

We have gone from a democracy to a plutocracy which is worst than communist.

[mudslinger47]

Didn't watch the video, who was responsible for making it?

[ss12]

Didn't watch the video, who was responsible for making it?

Someone who understand how the system works, but can explain it to us, so we can have a better understanding whats going on.

[15D]

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.

[kidrock]

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.

[LITE-INN]

little info now get back your taxi cab

http://en.wikipedia.org/wiki/Federal_Reserve_Bank

[kidrock]

http://en.wikipedia.org/wiki/Federal_Reserve_Bank

Hey Fred can you tell us why the Federal Reserve will not let the congress audit them?

[ss12]

http://www.examiner.com/article/understanding-how-nations-create-money-and-how-the-us-can-reclaim-1-trillion-year-from-banksters

[kidrock]

Hey Fred can you tell us why the Federal Reserve will not let the congress audit them?

Fred I'm mistaken congress did get a limited audit and found this

http://endoftheamericandream.com/archives/the-looting-of-america-the-federal-reserve-made-16-trillion-in-secret-loans-to-their-bankster-friends-and-the-media-is-ignoring-the-eye-popping-corruption-that-has-been-uncovered

[LITE-INN]

you must like ron paul this reminds me of him

Hey Fred can you tell us why the Federal Reserve will not let the congress audit them?

http://www.youtube.com/watch?v=d5TU8o6TvNk

[kidrock]

http://www.youtube.com/watch?v=d5TU8o6TvNk

So what do you think of the corruption they found with the limited audit they done?

[LITE-INN]

how would congress know any thing about being corrupt when thei middle name is corrupt

[kidrock]

how would congress know any thing about being corrupt when thei middle name is corrupt

Well I would think they would know exactly when it's corrupt if they are corrupt themselves.