https://watch.bnn.ca/#clip115861

This video is well worth watching. I think this guy may have something... a different opinion than we are getting fed from the media and the government anyway.

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When this guy talks about the housing bubble, and the problem with credit cards, student loans, etc., he is right on the money. The worst is yet to come!

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Let Food Be Your Medicine And Medicine Be Your Food.(Hippocrates)

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This is not medical advice. Just opinion. Whatever you decide to do your your health is strictly your business and your choice.
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MS: Is it really that bad? Many rumors about FRB.

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That�s good, actually I have noticed a few others are also stating that the FRB is a private bank and is not part of the government. Perhaps if this works down to the average man in the street so that he realizes that there is nothing federal or reserved about the FRB then maybe some real questions will be asked as to just what is it really doing for/to us!



In my opinion � yes! A brief history:
The FRB was formed in 1913 by a bunch of bankers, their goal was to gain control of the countries money supply and with control of the money they would have de facto control the country. They promised to use their money to support Woodrow Wilson bid for president if he would in turn promised them he would pass legislation to authorizing congress to use the FRB system. Latter on he lamented that this action would the catalyst that destroys the nation.

What this act did was when ever the government needed money it would now barrow it from the FRB. Of course whenever anyone borrows money from a bank they are expected to repay it with interest and the government is no exception. But there is a problem here. Unlike a business or company that is making and selling a product or service for a profit the government does not make or sell anything so the only way it can get money is to levy taxes. Thus three years latter the constitution was amended to allow for an income tax. (Actually there is still a debate as to whether the 16th amendment was ever officially ratified. It was �declared� as being ratified. But that is no quite the same as stating that it was ratified.)

Strangely no one questioned, or was allowed to question, why the government needed to borrow money from a bank when the constitution gives it the right to coin its own money interest free.
However at that time the average person was not all that aware of just what was going on nor concerned about it because it was sold to them as being a tax that would only effect the very rich. Where have we heard that before? Plus the FRB was going to regulate the money supply and control inflation and stabilize the markets, and cure the common cold. Well OK maybe not cure the common cold. So not understanding just what was being done the public bought it hook line and sinker. 12 years latter they engineered the great depression (Bernacky {sp} even admitted that recently.) as a result millions suffered, but one must look at the bright side because of all the foreclosures and the consolidating of wealth a hand full of rich individuals became very rich.

Of course now-a-days something like that would never be allowed to happen.

Thanks for the detailed explanation, MS. I read some articles a while back and tried to understand how it works, those articles gave me an impression that this is a fair system. Maybe paying interest forces the government to spend money more wisely? Have you signed the petition?

I�m sure there are some sites that will praise the FRB as being a �fair system� just check out the FRB own site why there isn�t a discouraging word to found there.

No I did not sign the petition form. I could be wrong but I have a feeling that not much will ever happen with the petitions on that form. Still that FRB petition did a good job of describing the FRB its history and its goals. I copied it for future reference.

Many systems are very corrupted, but there is nothing we can do.