Almost 80 years ago, the bank manager explained to clients how fiat money and fractional reserve banking actually work without blushing. Do you know the difference between an IOU and a bearer asset?
“Your money is not here! Well your money is in Joe’s house. That is right next to yours and in the Kennedy`s house and Miss Madeleine`s house and 100 others!!” -It's A Wonderful Life (1946)
Study #bitcoin before you need to.
This movie was scrutinized heavily for communist subversion because of this scene and the rest of the Potter stuff
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i doubt it would be scrutinized for that now, at least in the US.
Central banking is Communism!
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“Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.” Communist Manifesto, Marx Engels 1848
