29/10/2013 by Don Quijones
The video posted below offers one of the clearest, most cogent and succinct explanations around of how fiat currencies are created and their monetary bases exponentially expanded through the fractional reserve banking system. It is the true story of one of the most pervasive, most insidious con-tricks of all human history. Yet sadly, the overwhelming majority of its victims remain blissfully — though probably not for much longer — unaware of even its existence.
As John Maynard Keynes once noted, “By this means government may, secretly and unobserved, confiscate the wealth of the people and not one man in a million will detect the theft. ”
[Note to readers: you might want to skip the first minute or so, unless, of course, you have a penchant for cheesy orchestral music and American flag waving ;-]