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Banking – The Greatest Scam On Earth

2 responses to “Banking – The Greatest Scam On Earth

  1. tacetstudios December 14, 2011 at 4:34 am

    Ok. I have worked my whole life for banks or credit unions. This man is insane and does not state his resources for any of his information. I am pretty sure he just made it up out of thin air in his insane mind.

    The truth is, no bank can make up money out of thin air. The income they recieve from interest, fees, etc. is the money they use to make more loans. Every bank and credit union must report thier financials to the public. You can ask for a copy at any financial institution. If you follow it you will see no money is created out of thin air.
    When you take that theory out of the equation the rest of the video no longer makes any sense at all.

    Not according to Modern Money Mechanics, a booklet produced and distributed free by the Public Information Center of the Federal Reserve Bank of Chicago.

    Peter Parkour

  2. Peter Parkour December 14, 2011 at 10:50 am

    I don’t agree with all of the solutions he gives, like buying gold and silver etc, but just about everything else he says regarding the problem itself, I’m in agreement with. Don’t just go with what you “know”, research it for yourself. There’s always more to be learned.

    Here’s a link to another video that does a pretty good job of explaining the process as explained in Modern Money Mechanics.

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