Quote:Did you know that when you put your money in a bank, it's not really there? Did you know that if every depositor asked for their money back at the same time, the bank would probably only come up with 5 cents for every dollar deposited? Wow, you mean my money isn't back in the vault in cash? Wow, you mean to tell me the Federal Reserve System can make money appear and disappear?


This isn't earth shattering stuff. It's how a modern financial system works. If the banking system didn't operate this way, we wouldn't have a financial system, the economy wouldn't function, we'd all be farmers trying to survive on our own crops.

 

You are admitting the system is based on fraud, which is exactly my point.  The bigger story is that it's not sustainable.  The banking system wasn't always so predatory, and the economy was a lot more stable. 

 

Now we are at the cusp of negative interest rates, which is economic insanity.  The BORROWER earns interest, not the lender.  This is a signal that what we call "money" is actually worth LESS THAN NOTHING.  The thing is, only banks and governments will "borrow" at negative interest.  It's just a euphemism for theft. 

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