Posts tagged: Fractional Reserve Banking System

Abolish the Federal Reserve Bank

By Cheryl, January 12, 2010 11:11 am
ONE DOLLAR ($1) in 1913 required $21.60 in 2007 to match value.
That’s a 96% devaluation of our currency since the Federal Reserve came into existence.

It’s surprising how many people are not aware that the Federal Reserve Bank is a PRIVATE CORPORATION that loans the government OUR money — with interest.  They have never been audited even though representatives from congress such as Ron Paul have requested it.

Zeitgeist, the movie (The Federal Reserve, Part 1) along with Zeitgeist: Addendum – offers a clear explanation of the Fractional Reserve Banking System; (our system of modern slavery) the process of  how money is created out of debt.   It also shows how the system is inherently inflationary; the growth imperative of monetary expansion debases the currency.

It’s like a game of musical chairs, except instead of taking away chairs, we just keep adding people.

It ’s worth the effort to wrap your head around this because to understand is to transform what is…knowledge is power–power to the people!

“I believe that unarmed truth and unconditional love will have the final word in reality”
- Dr. Martin Luther King, Jr.
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