Federal Reserve for Dummies

[fabijo]

This is in as layman a term as possible. Very nice:

http://video.google.com/videoplay?docid=-8484911570371055528&hl=en

 

[fabijo]

Whew! I'm almost done listening to this. This was a lecture done in 1998. He said that "bailouts" are what the big banks will depend on. Bailouts for businesses, corporations, and countries. Amazing.

 

[rawiron1]

The Federal Reserve is neither federal nor a reserve. It is a private banking cartel that is completely unconstitutional. The power to "coin" money lies soley with the US Government. Not some private bank. And the Constitution does not authorize "printing" money which DID exist at the time. When the Biritish dilluted their Pound Sterling with other metals then switched over to a fiat paper currency, their economy crumbled and their empire collapsed. We are now going down the road that the Brits went down years ago.

Jason