Fractional Reserve Banking

[angler2020]

How many people understand this concept? I bet there is no one on this board that understands our banking system. The elite of this world have turned most of you into debt slaves. You are a slave and you just don't realize it yet. You people believe in the left-right pardigm. The reality is the left and right are just two different sides of the same coin. Divide and conquer. The bankers that control our government have all you fools duped into believing in liberalism or conservatism. FOOLS!!!!!
Nothing will ever change until you take the bankers out of the equation. A President is just a tool of the bankers and does what he is told.

Give me control of a nation's money and I care not who makes her laws.
Mayer Amschel Rothschild

[Greg_Cornish]

The elite of this world have turned most of you into debt slaves.

I become debt free on the 23rd. Thanks Mom and Dad. R.I.P.

[angler2020]

The elite of this world have turned most of you into debt slaves.

I become debt free on the 23rd. Thanks Mom and Dad. R.I.P.

As long as you pay taxes you will always be a debt slave. You work x amount of dollars for the government. The United States of America is a corporation. Each citizen of the country was used as collateral for debt. In 1913 the federal reserve act became law. The IRS was formed in the same the year. In 1913 the private centralized bank known as the fed became your master.

[Vince E]

Does this mean I can take a break now that angler2020 has picked up the torch?


Greg, as far as they believe, they own your @ss. Your are accruing debt just sitting on it. How much are your property taxes this year?

As far as learning the system here's a great place to start:

http://mises.org/Books/mysteryofbanking.pdf

All of Rothbard's works are available free on mises.org, though they can be hard to find.

Speaking of hard to find, you don't hear a lot from the Rothschilds these days.

[angler2020]

Does this mean I can take a break now that angler2020 has picked up the torch?


Greg, as far as they believe, they own your @ss. Your are accruing debt just sitting on it. How much are your property taxes this year?

As far as learning the system here's a great place to start:

http://mises.org/Books/mysteryofbanking.pdf

All of Rothbard's works are available free on mises.org, though they can be hard to find.

Speaking of hard to find, you don't hear a lot from the Rothschilds these days.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
-Henry Ford

Fractional Reserve Banking is only good for the banksters. They are the biggest lobby in Washington D.C.. If you don't do what the bankster says they will replace you, whether you are Republican or Democrat. Congress has long since been bought and paid for by the banksters. Each President is bought and paid for too. A choice is just an illusion. You don't have a choice, nor does your vote count.
If you could offer congress millions in dollars in kick backs, then we might stand a chance in getting our voices heard.

Fractional Reserve Banking works like this. A fool walks up to the bank counter and deposits 100k. The bank in return can loan up to 90 percent of the money and has to keep 10 percent. Now when people get those checks for the loans they deposit the money into the bank again. 90k gets deposited in the bank. Now the bank has to keep 10 percent again which is 9k and they can loan out 81000 again. And this process repeats itself over and over and over again.
After the first two deposits the amount of money equals 171000 that is in the system. There was only 100k originaly. Where did the 71 k come from. The answer is thin air. Banks create money from nothing. Then they charge you interest on it. It is ridiculous.

This is how the federal government gets money which we pay taxes on. And this how the private federal reserve bank creates money. This is the biggest scam ever in the history of mankind.

http://www.globalresearch.ca/index.php? ... a&aid=2712

[Vince E]

I maintain that Bernie Madoff was sent to jail for "banking without a license".

http://www.lewrockwell.com/rothbard/frb.html


Greg believes that having lewrockwell in a url somehow discredits it.

[Marty]

Dang, two Libertarians – one thing for sure if two libertarians could agree on something there numbers would go up.

[Greg_Cornish]

....How much are your property taxes this year?.....

$1800.00 and yours? My brothers in MN with an equivalent house is $6000.00

I'm happy to pay my taxes. I think we should all pay more.

Greg believes that having lewrockwell in a url somehow discredits it.

No, it just discredits you for always quoting one source for your information.

[Marty]

$1,800, you must have obtained that house a few years back and you fall under prop 13 – a good conservative bill.

[Greg_Cornish]

$1,800, you must have obtained that house a few years back and you fall under prop 13 – a good conservative bill.

$130,000 in 1997

[Vince E]

Looks pretty nice Greg. We did not do so well. Taxes are quite a bit higher than that. House not as nice either.


Maybe if I used R. Murdoch's outlets exclusively I could garner a bit more credibility? Or split it up between Murdoch and GE?

You do know that LRC is just an aggregateor of articles and links mostly to other sites right?