college doesn't teach this

https://m.primal.net/NSMj.mp4

Reply to this note

Please Login to reply.

Discussion

Great note Fren that makes people think and realize that we all need to #End #Fed #IRS

True. But it's also true that the "regular bank down the street" also creates money out of nothing, not just the Fed. That's how fractional reserve banking works. When you deposit $1000 in a checking account, the bank immediately "lends" $900 or more of it, but THEY DO NOT DEDUCT THAT from your balance. That's money-creation right there. The whole system needs to end, and any attempt at re-instituting it should be a capital crime.