Title: Crash Course: Chapter 7 - Money Creation by Chris Martenson
Added: Dec 30, 2008
Author: ChrisMartensondotcom
Duration: 4:20
Description:
Crash Course Chapter 7 (Money Creation): Understanding how money is created provides a foundation for appreciating the implications of our massive levels of debt, because it tells us how that debt came into being. As John Kenneth Galbraith once said, "The process by which money is created is so simple, the mind is repelled." Dr. Martenson walks us through this simple process of fractional reserve banking.
http://www.chrismartenson.com
Channel: People
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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