The Truth About the Federal Reserve and Your Money

The video I have linked to is over three and a half hours long, so I will give you a shorter synopsis here from the video transcripts and I hope that you might comprehend at least as well as I have, which is to say, barely.

Basically, opponents of the Federal Reserve, a private bank, not a government institution, claim that the method of banking in use in the U.S. and most developed countries is simply a powerful arm of the global banking conspiracy to control the world. Well, I don't know if it's a conspiracy per se, but it certainly has all the makings.

Regardless of how you may feel about crazy conspiracies and crazy people (two of my favorite subjects), the facts of this case are astounding. Our banking system does indeed allow the banks to loan out ten times the amount of money that they actually possess, and then assign an interest rate on those same loans.

This is the exact same practice utilized by the goldsmiths of old, who would put citizens' gold in their vault for safekeeping, issuing a receipt for the gold as proof. At some point, the goldsmiths realized that they could issue 'receipts,' or, 'loans,' without actually possessing the gold to back it up. Basically, they were loaning money that they did not have. If you and I were to practice this type of business, we would be jailed for fraud and counterfeiting , but the money changers enjoy an exclusive privilege-The ability to loan money that doesn't exist.

I'm no economics expert, so I had to dig deep to understand what exactly all this means.The history of money changers is a tale in and of itself.

From the video transcript at http://reactor-core.org:

"Two early Roman emperors had tried to diminish the power of the Money Changers... Both were assassinated.

In 48 BC, Julius Caesar took back from the Money Changers the power to coin money and then minted coins for the benefit of all... But the Money Changers hated him. Some believe this was an important factor in Caesar's assassination.