This is 6 minutes of your time well spent. It’s very simple to understand and I find this to be not only true but something that libertarians, conservatives and liberals can all get behind.
Get rid of the money changers i.e. the bankers. Most people actually do not understand that the Federal Reserve is a privately owned bank. It guarantees 6% dividends to its shareholders who are anonymous and have been since the inception of the Federal Reserve Banking Act. Most people assume the Federal Reserve is a public utility, a public organization but this is not true. It is time to make the Federal Reserve a public utility; there should be no need for Americans or Canadians or any other country’s citizens to borrow money from banks in order to pay down its debt. That system is creating modern day serfdom.
It should be a public utility and if it were … we’re talking about game changing stuff here. Right now – money is debt. Banks issue money to you that they really don’t even have; most of the money they issue is actually just money they create out of thin air. Yes – this is true. Most money is actually just a bunch of 1′s and 0′s in some computer. And no – we don’t need a gold based system … we just need the people to own their own Central Bank and reclaim the ability to print their own currency.
North Dakota is the only state to have a state owned bank in the U.S.; they have had the lowest unemployment in the country for a very long time now. The Bank invests only in state projects and then reinvests its profits into the state to lower taxes for North Dakotans. You can read about that HERE. There is no acceptable reason to explain how the FED will loan out money for .25% to only 18 bank holding companies like Wells Fargo, Goldman Sachs etc but will not loan that money nearly interest free to American citizen. THAT would be bold and it would work.
The National Post shares a great chart helping to visualize the debt of Canada for the past 50 years; you can find it HERE. From 1934 to 1974 – the National Bank of Canada was nationalized and all the profits from the bank went back to finance the government thus lowering taxes on Canadians. More on the history of the Bank of Canada HERE.
And if you want to dig deeper into the rabbit hole – you can watch this 18 minute video by Ellen Brown. It’s not TMZ or MTV but it’s going to make you a lot smarter.
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