Simplicity

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Education & Training with Freelance Writer & Photographer - Travel

Ok, I'm going to make this post short and sweet for all of you to understand our monetary system and how we are all economic slaves to the banks based on the fractional reserve operation set in place by The Federal Reserve.

Example again.  $1 million dollar deposit in a commercial bank from The Feds - this same bank can lend out $9 to $10 million dollars out of thin air - loans and mortgages.  Fractional Reserve Banking.

Here it is in one simple sentence. 

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The Federal Reserve creates money out of thin air with interest attached to the money that everyone has to pay back with real money via time and labor!

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And Ben Bernanke was named Time Magazines 'Man of the Year.'

Happy Holidays!! - Don't spend too much, you will just make these guys wealthier as you go into further debt!

Tony 

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Tony Toto

The Walking Traveler - Bringing Travel Destinations To Life

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Skype - tony23732

 

 

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Show All Comments
Rainmaker
244,274
Bonnie Vaughan
Re/Max Home Team - Scranton, PA
CNE SFR - Buyers/Sellers - Lackawanna & Surroundin

Tony,  I get it.  That Utube video you posted in another blog really explained it too.  The Federal Reserve is not a Federal bank right?

December 16, 2009 08:10 PM #1
Rainmaker
318,661
Tony Toto
Freelance Writer & Photographer - Travel - Kenosha, WI
The Walking Traveler

Bonnie:  Correct!  It is not Federal nor does it have reserves.  It is a banking cartel that works in cooperation with the Gov't.  It is privately owned and controls every aspect of the economy and our lives.  It is the 4th attempt at a central bank in the U.S. using the fiat paper money system that has always failed dating back to the days of the Roman Empire. 

December 16, 2009 08:46 PM #2
Rainmaker
367,787
Kevin Robinson
Twin Falls, ID
High End Vacation Homes

Tony- You do a great job educating the rest of us on how this thing works. Keep it up man.

December 17, 2009 08:26 AM #3
Rainmaker
318,661
Tony Toto
Freelance Writer & Photographer - Travel - Kenosha, WI
The Walking Traveler

Kevin, Thank you!  Keep educating yourself along the way.

December 17, 2009 07:32 PM #4
Rainmaker
620,871
Sandy Shores Broker, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County FL Real Estate

Hi TOTO, Really makes you wonder, doesn't it?  They make the rules as they go...

December 18, 2009 08:51 PM #5
Rainmaker
318,661
Tony Toto
Freelance Writer & Photographer - Travel - Kenosha, WI
The Walking Traveler

Sandy: All they want us to do is consume!

December 23, 2009 08:21 AM #6
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Rainmaker
318,661

Tony Toto

The Walking Traveler
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