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RE: [Response] The Federal Reserve: A Bankster's Wet Dream
It's always funny when I show people how money expands through fractional reserve banking.
Also at least the states has a 9-1 ratio, Canada as far as I've read has none. If anyone out there has found Canada's reserve ratio feel free to enlighten me.
All in all, great post dude.
Thanks! That's interesting; I am not familiar with Canada's remix of the Fed. I would also be interested if someone can elaborate. :)
I suspect that there is no true limit to the US's inflation, though, as the government can continue 'borrowing' ad nauseum. If they ever get close to the limit, they just move the goalposts and keep right on destroying.
Isn't that just the most ironic thing in the world. Well we can't pay our debt so let's raise the debt ceiling borrow money to pay the immediate debt but owe more in the long run essentially raising the national debt.... what a perfect symbiotic circle lmao.
That does bring up a question though, how bad does it have to get before the majority realize they pay tax to prop up the bankers lavish lifestyles. 50%... 60%.... 70% income tax? Who knows, gone are the Boston tea party days lol