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BankSith 1y ago

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.

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mrclownworld 1y ago

This movie was scrutinized heavily for communist subversion because of this scene and the rest of the Potter stuff

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It's Moro! 1y ago

i doubt it would be scrutinized for that now, at least in the US.

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BankSith 1y ago

Central banking is Communism!

👇🏻

“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