[Twotone]

Hour & 17 minute chat between Glenn Beck & Richard Werner. The Fed is even more evil than I thought. Well worth the time.

[grey_whiskers]

Thanks for posting it; I just read an excerpt of some of his stuff over on Vox Day’s site a couple of days ago.

*PING* to bitt & ransomnote for a worthwhile topic should you have the time.

[Faith65]

Thanks!
BKMK for tomorrow.

[KarlInOhio]

Banks create money: I remember that from college economics classes in the late 1980s. Money created = Bank reserves / reserve requirement percentage.

So if they have a 5% reserve requirement, every dollar deposited can create a total money supply of $20 through lending the money out, getting that money from its destination and repeating. If you borrow to buy a house, that money will end up in the seller's account, where it can be lent again, let's say for some cars. The car dealer then is paid and deposits the money in the bank, where it can again be lent, etc. etc. etc. The limitation is the reserve requirement and the velocity of money, or how quickly the lent money will be spent and deposited back in the banking system.

Not exactly new info so far.

[TBP]

Banks steal.

[momincombatboots]

After seeing banks pop up on every corner over the last 10 years, everyone knew it was a scam, nobody knew how. Until now
Went into a beach of my bank and they had 4 people on the clock for every one customer. I was thinking about how many dollars had to be printed for the three just sitting there. I still had to wait in line.

[wny]

banks are the Feds secret police.

[RoosterRedux]

The first sentence of this thread should be corrected as follows:

“CENTRAL Banking is slightly illegal,” says world-renowned economist Richard Werner, who is leading the charge against CBDCs. In this episode of "The Glenn Beck Podcast," Richard teaches Glenn that “CENTRAL banks don’t take deposits, and CENTRAL banks don’t lend money.”