Fractional Reserve Banking–Video

“None are more hopelessly enslaved than those who falsely believe they are free.” Johann Wolfgang von Goethe

Sir Josiah Stamp, the president of the Bank of England in the 1920s and the second richest man in Britain, made this revealing comment: Banking was conceived in inequity and was born in sin.” The bankers on the earth take it away from them but leave them the power to create deposits, and with a flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all of the great fortunes like mine will disappear. And they ought to disappear. For this would be a happier and better world to live in. But if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create deposits.”

Read Nehemiah 5 (MUCH WORSE NOW BECAUSE WE HAVE DIGITAL CURRENCY AND THE FRACTIONAL RESERVE SYSTEM). UNDER NEHEMIAH 5, DEBASEMENT OF SILVER CAUSED THE POOR PEOPLE TO HAVE TO SELL THEIR CHILDREN TO STAY ALIVEYOU CAN READ NEHEMIAH FROM THE BELOW BLOG POST:

Debasement and Crony Capitalism; Nothing is New Under the Sun

YOU CAN ALSO READ THE SECULAR DISCUSSION UNDER THE “CANTILLON EFFECTS”–THOSE GETTING THE NEWLY-CREATED CREDIT FIRST BENEFIT  AT THE EXPENSE OF LATER RECIPIENTS. SEE NEHEMIAH 5 BELOW:

Review by Richard Duke on the Mises Institute website of the book: The Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Dr. Mark Thornton

—————————————

See also:  FRACTIONAL RESERVE BANKING EXPLAINED IN ONE MINUTE–VIDEO

See also:  THE FRACTIONAL-RESERVE BANKING QUESTION

9 minutes and 59 seconds:

SEE:

Money as Debt – Fractional Reserve Banking part 1 of 5

 

Money as Debt – Fractional Reserve Banking part 2 of 5

 

Money as Debt – Fractional Reserve Banking part 3 of 5

 

Money as Debt – Fractional Reserve Banking part 4 of 5

 

Money as Debt – Fractional Reserve Banking part 5 of 5

 

 

 

9 comments

Comments are closed.