Sunday, 7 October 2012

US Federal Reserve Ponzy

"When you or I write a cheque there must be sufficient funds in our account to cover the cheque, but when the (US) Federal Reserve writes a cheque, there is no bank deposit upon which that cheque is drawn... When the Federal Reserve writes a cheque, it is creating money."

Crash Course Chapter 8: The Fed - Money Creation  

"We are at the very point when the 'infinite growth' model of modern economics comes up against the 'finite resource' of planet earth..."

-Michael Ruppert
"Collapse" documentary (2009)

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