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View Full Version : Proof of illusionary money now spread the word


skyline
18-11-2008, 12:45 AM
Show you friends who dont believe that there is a conspiracy and money is created out of thin air

The monetary base is high-powered money. For every dollar injected here, the money supply can rise by at least 10 to one. A 10% reserve requirement is imposed on large urban banks, i.e., a 10-to-1 multiplication factor. This is the fractional reserve banking process.

http://www.garynorth.com/public/4178.cfm

Reserve requirements are the amount of funds that a depository institution must hold in reserve against specified deposit liabilities. Within limits specified by law, the Board of Governors has sole authority over changes in reserve requirements. Depository institutions must hold reserves in the form of vault cash or deposits with Federal Reserve Banks

This is from the feds website

Look at the table,show people,show them the scam, point them in the direction

http://www.federalreserve.gov/monetarypolicy/reservereq.htm

Money is on everyones mind,strike while the iron is hot

1694
18-11-2008, 12:57 AM
I have explained this to some peeps. Their reaction is......dissapointing.

I even explained the unwraveling we are seeing now, most people think "The government will fix it, nothing to worry about."

drael
18-11-2008, 01:39 AM
Yup we used to have max 10% lending in the gold standard.