Title: Crash Course: Chapter 8 - The Fed & Money Creation by Chris Martenson
Added: Dec 30, 2008
Author: ChrisMartensondotcom
Duration: 7:23
Description:
Chapter 8 (The Fed Money Creation): Chapter 7 explained money creation via money loaned into existence by banks, on the local level. Chapter 8 explains money creation by the Federal Reserve, where we learn that it is manufactured out of thin air. Perpetual expansion is a requirement of modern banking. The banking system MUST continually expand, because that is how it was designed. By understanding the requirement for continual expansion we will be in a better position to make informed decisions about what is likely to transpire and take meaningful actions to enhance our prospects.
http://www.chrismartenson.com
Channel: News
Tags: finance financial crisis economy economic crash course collapse depression 1929 peak oil renewable energy stock market exponential money fiat currency gold silver inflation iraq war bailout bernanke chris martenson ron paul
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