Tags: Banking, David Gregory, Meet the Press, Paul Krugman, PPIP, Timothy Geithner, Toxic Assets, U.S. Financial Crisis, Wall Street
Paper Reserve Banks are Powerless
What we are seeing is unwinding of 2000+ years of money fraud. Money is a token representing energy utilization and it should be redeemable in energy otherwise it is a huge scam, the dirty secret behind the wealth of Banksters.
Money or wealth tokens becomes a valid social contract or valid medium of exchange only when the issuers offer redemption against fixed quantity of food/fuel/energy. (What econ 101 don’t teach us, what autistic school of economists “desperately” tries to hide from public)
Reserve banks should have food/fuel/energy reserves to be called reserve banks!
Fed has “no energy reserves” so it has no influence on the real economy which runs on food/fuel/energy, this truth is getting revealed now.
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Failed Bank List
U.S. Dept of Treasury
U.S. Financial Crisis
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