Quote:
Originally Posted by alexamenos
...how does this dude have a 30 minute conversation on banking in the US and not mention the Federal Reserve once?
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Bingo-bango...
The American economy is based on a fraudulent currency system and the rest of the world is losing faith in it... "In God We Trust" doesn't mean a whole lot in the face of Chinese economic expansion - a currency needs to be backed by material wealth (resources & production), not philosophical ideals...
[although I should clarify that the Fed doesn't operate under the same philosophical principles as most American citizens - "In God We Trust" really means "we don't have the gold to back our currency so we'll pretend like our money is faith-based even though the Fed controls how much cash is in circulation at any given time and charges interest on every dollar printed which keeps the American taxpayer in eternal debt and diminishes the value of the dollar exponentially..."]