For those who have not seen this video before, this video is crucial to understanding how the financial system works in America. The actual truth is far from what they teach in schools. Several American presidents in the past have tried to stop the concept of Central Banking from being implemented into the U.S. economics, but nonetheless, the Federal Reserve is currently the most powerful financial institution in the world.
When I try to explain the basic of the fiat debt base monetary system to a friend, I usually refer them to this video .. very simple and easy to understand .. Its really the place to start !
the cartoon animation makes it even better! :)
very cool video. and all make sense. i am alwaysxwondering, because my country has a lot of debt from usa, japan and some big bank, and yet oi rrad the news that,usa and japan also has debt. so only the owner of the big bank that has the money? isn't it?
it's the central banks who have all the power. i think my previous post explains this the best: https://steemit.com/money/@mdog/the-truth-about-money-2017622t12628309z
thank you will check that one out
I always thought that the american dream represented innocence, truth and justice.
the definition of the american dream refers to how there's equal opportunity for anyone to achieve their goals