History of Money & Fractional Reserve Banking System
- This is a documentary (by the Ludwig von Mises Institute) on the history of money and the fractional reserve banking system. It traces the evolution of money and the creation of the Federal Reserve through the founding fathers, civil war …, gold standard, Great Depression, gold confiscation, Roosevelt’s New Deal, collapse of Bretton Woods.. to the modern era.
- It explains the modern banking system and how the Federal Reserve manages money supply by Open Market action, interest rates and reserve requirements.
- What is the cause of the Boom Bust cycle? How about the Federal Reserve? What destroys the Dollar ? Money printing out of thin air by Federal Reserve causing inflation and currency debasement. The Federal Reserve is the cause of most of the economic ails in the world.
- The Federal Reserve is a private corporation and thrives on secrecy. It does not serve the best interest of Americans. What we need is a Sound Money system. A gold backed currency system.
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