Friday, Feb 16, 2007
How the Fiat Money System Works
Google Video: Fiat Empire: A Closer Look at the Federal Reserve
The Federal Reserve System is a privately owned institution which "coins" the money in the USA.
We have many parallels. This informative video, albeit American, will give you an insight into just why cheap money causes poverty.
Posted by lvmreader @ 01:00 PM (141 views) Add Comment
2 Comments
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1. Jim said...
Cracking video to watch. I think I will be converting my savings to gold!
:-)
2. japanese uncle said...
As in Federal Bureau of Investigation, the title crowned with 'Federal' has a convincing power to those who are ill informed, exactly as in the case of the BoE or the BoJ indeed. 99.9% of the population should not doubt a second the completely false status of these institutions with such overwhelming, often lethal power and influence on the welfare of the common people. Who are those economists and professors who don't tell us such vital facts, and what are those economics texbooks that never tell the truth about the true status and nature of these institutions?