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How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
How we got here
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How we got here

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Truth does not change.

Truth does not change.

Published in: Business, Economy & Finance
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Transcript

  • 1. Read Learn Marinate Wake-up
  • 2. A wise man said…exact no more that that which is appointed you.
  • 3. mon·ey       1.any circulating medium of exchange, including coins, paper money, and demand deposits.
  • 4. Commodity Money =Value through Barter and Trade
  • 5. Representative Money= Backed by Gold and Silver
  • 6. Fiat Money=Not Backed by Reserves or any known commodity
  • 7. Credit Money= Exits in conjunction with Fiat Money
  • 8. NOTE: By design Credit Money Is ALWAYS issued in excess of the reserve it carries.
  • 9. Let’s Assume Money = Debt
  • 10. And Interest = Entitlement
  • 11. Does Money = Value?
  • 12. Or is value = God, Family and Friends
  • 13. Generations Generation Generate Genetic Genes We need Less Downsizing
  • 14. Today we only… Buy, Sell & Trade?
  • 15. I propose instead we… Plant, Grow & Sow
  • 16. 1791-1811 The First Bank Of the United States Bitterly opposed by Thomas Jefferson And James Madison as an engine for Corruption
  • 17. 1816-1836 The Second Bank Of the United States Andrew Jackson denounced it as an engine for Corruption
  • 18. 1816-1836 The Second Bank Of the United States Andrew Jackson denounced it as an engine for Corruption
  • 19. 1837-1862 National Banks Currency backed with treasuries. Liquidity problems led to the 1907 panic.
  • 20. 1863-1913 The Free Bank Era The state regulated reserves that were backed By gold and silver
  • 21. 1913 Creation of the Federal Reserve Fractional Reserve Banking No confidence Loan Defaults Bank Runs Bank Bankruptcy 2008
  • 22. How much does a $100 promise to pay equate to in fractional reserve banking?
  • 23. In a fractional-reserve banking system, in the event of a bank run , the demand depositors and note holders would attempt to withdraw more money than the bank has in reserves, causing the bank to suffer a liquidity crisis and, ultimately, to perhaps default.
  • 24.  
  • 25. Thanks to the sources: http://www.google.com – Google is Smart. http://www.sxc.hu/ http://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States http://en.wikipedia.org/wiki/History_of_money http://en.wikipedia.org/wiki/Fractional_reserve_banking http://en.wikipedia.org/wiki/Bank_run http://en.wikipedia.org/wiki/Pyramid_scam Human First!

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