The Biggest Scam In The History Of Mankind – Hidden Secrets of Money Ep 4

The Biggest Scam In The History Of Mankind – Hidden Secrets of Money Ep 4

You are about to learn one of the
biggest secrets in the history of the world. It’s a
secret that has huge effects for everyone who lives
on this planet. Most people can feel deep down that
something isn’t quite right the world economy, but few know what it is Gone are the days where a family can
survive on just one paycheck, every day it seems things
are more and more out of control, yet only one in a million
understand why. You are about to discover the system that is ultimately
responsible for most of the inequality in our world today. The powers that be do not want you to know about this, as this system
is what has kept them at the top of the financial food chain for the last 100
years. Learning this will change your life
because it will change the choices that you make. If enough people learn it, it will change the world… because it’ll change the system. For this is the biggest Hidden Secret Of Money. Never in human history have so many been
plundered by so few, And it’s all accomplished through this, The
Biggest Scam In the History of Mankind They say that money doesn’t grow on
trees but the truth is that the modern banking
system creates currency far faster than trees can grow. Most people don’t have a clue how
currency is created economists and bankers make it sound so
complex that people think they can’t understand it. But I’m going to strip our monetary
system down to its essence so you can see the scam behind
the curtain and just how it affects you. Every modern
society creates currency in pretty much the same way but since the US dollar is the majority
of the world’s currency I’m going to use the United States as
our example. It all starts when some politician says ‘Vote for me and I’ll
make sure the government provides you more free stuff than my opponent will’ But there’s no such thing as a free
lunch – so to provide that supposedly free stuff the politicians vote for the country to spend more than
its income. This is called deficit spending. To pay for that deficit spending the
Treasury borrows currency by issuing a bond. So what’s a bond? If you think about it a
bond is really nothing but a glorified I.O.U. It’s a pretty piece of paper
with numbers printed on it that says ‘Loan me a trillion dollars today and I
promise over a 10-year period I’m gonna pay you back that trillion
dollars plus interest.’ But what you need to understand is that
Treasury bonds are our national debt. These glorified
I.O.U.s are to be paid back by you and I and our
descendants through future taxation. Therefore: When the government issues a bond it
steals prosperity out as the future so that it can spend
it today. The Treasury then holds a bond auction and the world’s largest banks show up and
compete to buy part of our national debt and make a profit on by earning interest.
You’ll notice that as we move through this process the big banks are there taking a cut
every step of the way. This isn’t by chance as you’ll see
shortly. Then, through a shell game called Open Market
Operations the banks get to sell some of those bonds to the Federal Reserve at a profit. To pay for the bonds the Federal
Reserve opens up its big old checkbook and
writes bad bogus counterfeit checks that should
bounce because they’re drawn on an account that always has a zero balance, there isn’t
one penny in there. To quote from the Boston
Federal Reserve: ‘When you are I write a check there must be sufficient funds in our account to cover that check, but when
the Federal Reserve writes a check there is no bank deposit on which that
check is drawn. When the Federal Reserve writes a check
it is creating money.” The Fed then hands those checks to the
banks and at this point currency springs into existence. The banks then take that currency and
buy more bonds at the next Treasury auction. But what is a check? A check is also
an I.O.U. When you write a check you’re making a
note that says “Here’s my I.O.U. for cash, all you have to do is go to the bank and
pick it up.” Now it’s very very important that you understand this process because we’re going to come back later
and show you the devastating effect this has on you. The treasury issues I.O.U.s, (bonds). The banks then buy those I.O.U.s with
currency. The Federal Reserve then writes I.O.U.s (checks) and hands them
to the banks in exchange for the Treasury’s I.O.U.s (the bonds). And currency is created. So
what’s really happening is the Federal Reserve and the Treasury are just swapping I.O.U.s, using the
banks as middlemen, and abracadabra presto currency
magically springs into existence. This process repeats and repeats over and
over again enriching the banks and indebting the
public by raising the national debt. The end result is that there’s a buildup
of bonds at the Federal Reserve and currency at the Treasury. This process
is also where all paper currency comes from. The
Federal Reserve and the government mistakenly call it ‘Base Money’ because they didn’t watch Episode 1 of
this series, and they don’t know the difference between money and currency. But I will correctly
refer to it as ‘Base Currency’ because it is not money… it is CURRENCY, and as we’ve learned
there is a big difference: Money has to be a store of value
and maintain its purchasing power over long periods of time. We learned in Episode 1 that earlier
in our history our paper currency was just a claim check. It was a representation for real money
of intrinsic value, the gold and silver that was held on
deposit at the Treasury. You could walk into any bank and slap
your currency, like say a twenty dollar bill on the counter, and redeem it for real
moneyÉa twenty dollar gold piece. But now this base currency that’s piling
up back here is really nothing but a receipt or a
claim check on an I.O.U. (that bond), so it’s really nothing but a
supply of numbers. The Treasury then deposits the newly
created currency in the various branches of the government, and the politicians say “Hey thanks for
that!”, and the government does some deficit
spending on public works, social programs, and war. The government employees, contractors and
soldiers then deposit their pay in the banks. Now this may come as a shock to you, but when
you deposit your currency with the bank you’re not actually depositing it into an account
to be safely held in trust for you. Instead, you’re actually loaning the bank
your currency, and within certain legal limits they can do
with it pretty much anything they please. This includes gambling in the stock
market, and loaning it out… at a profit of course. Now this is where the machine of currency
creation really gets cranking, because this is where something called
‘Fractional Reserve Lending’ comes into play. Fractional Reserve Lending is exactly
what it says. The banks are allowed to reserve only a fraction of your
deposit and long the rest out. Although reserve ratios may vary, I’m
going to use a 10 percent reserve ratio as our example. If you deposit $100 dollars in your
account, the bank can legally take ninety dollars of it and loan it out without
telling you. The bank must hold ten dollars of your
deposit in reserve just in case you want some of it. These
reserves are called ‘Vault Cash’. But why does your bank account still say
you have one hundred dollars if the bank has stolen ninety dollars of it? Because the bank left I.O.U.s it
created called ‘bank credit’ in its place. Now I know this sounds
crazy, but here it is in black and white from
the Fed: “Commercial banks create checkbook money when they grant a loan simply by adding
new deposit dollars in accounts on their books in exchange for a
borrower’s I.O.U.” These are nothing but numbers that the
banks type into their computers, and even though these bank credit I.O.U.
numbers are very different from base currency
numbers (because they only exist in computers), they are still currency. So now there is
one hundred ninety dollars in existence. Now the reason people take out loans
from the banks is to buy something. They’re going to buy a house or a car or
something like that. So the borrower takes the ninety dollars that
the bank loaned to him from your account, and he pays the seller of item. But
then the seller deposits that currency into his account, and his bank loans out ninety percent of
that, and leaves bank credit numbers in its
place. So now there’s two hundred and seventy-one dollars in existence. This process repeats and repeats until
under a 10 percent reserve ratio an initial deposit of just one hundred
dollars can create up to one thousand dollars of bank credit all backed by one hundred dollars of vault
cash, just 10 percent. But as I said reserve
ratios vary wildly… on some deposits it’s 10 percent on
others its 3 percent and on some forms of deposits
reserve requirements are zero! The result is that the expansion the
currency supply by the banks is far greater than even this example would
lead you to believe. So once again, when currency is deposited
in the banks, the banks get to lend it out and then it
gets we redeposited and relent, redeposited and relent, redeposited and
relent over and over again creating bank credit
all the way. This is where the vast majority of our
currency supply comes from. In fact 92 to 96 percent of all currency in existence is created
not by the government, but here in the banking system. Now, massive amounts of currency spewing into
society may at first sound like a fun idea… that is until you remember one of the
most important Hidden Secrets Of Money from Episode 1: That the prices of everyday goods and
services act as a sponge on an expanding currency supply. The more
currency we have the more prices rise. This is where inflation comes from. The
true definition of inflation is an expansion of the currency supply,
rising prices are merely the symptom. So our entire currency supply is nothing
but a couple bucks whipped up in this hocus-pocus scam where the Treasury and the Federal
Reserve swap glorified I.O.U.s and a bunch of numbers that the banks
just type into their computers. That’s itÉthat’s our entire currency supply.
It’s nothing but a supply of numbers. Some of them printed, most of them typed, and there is nothing else. But if you
thought that was crazy, get ready to enter the twilight zone ofmodern
economics. We work for some of that currency supply. True wealth is your time, but we trade
away moments in our lives hour by hour, day by day, and year by year for numbers that somebody printed on
pieces of paper or just typed into a computer. Now those numbers represent our blood,
sweat, tears, labor, ideas and talent. We are what gives
the currency its value. But here comes the really cruel joke…we
work hard, so that we can save some of that currency, so
that we can pay the tax collector (in the United States it’s known as the IRS),
they then turn it over to the Treasury, so that the Treasury can pay the
principal plus interest on that bond that the Federal Reserve bought
with a check drawn on an account that has nothing in it. Now let’s do a recap on this
section because this is where the system begins to rob you and I on a massive scale. Much of our taxes are
not used for schools, roads and public services, but to pay interest on bonds that the
Federal Reserve bought with a check drawn on an account that
has nothing in it. The Federal Reserve is committing
FRAUD. But here’s one of the biggest secrets
of them all: Before the establishment at the Federal
Reserve there was no need for personal income tax. The Federal Reserve was created
in 1913 and that very same year the Constitution was amended to allow income tax. Do you
really think this was just a coincidence? Ask yourself how much income tax you’ve paid over your lifetime. Much of it has been
silently siphoned away into the hands of those who own the
system. Yes this system has owners… who they are is an even bigger secret
that we’ll get to shortly, but first we need to understand the
mumbo jumbo of the so-called ‘debt ceiling’. It’s all based on a huge
paradox: There was interest due on that bond, and
there was interest due on every one of those loans that the banks made.
That means that there is interest due on every dollar
in existence. Let me ask you something: If you borrow
the very first dollar into existence and that’s the only dollar that exists on
the planet, but you promise to pay it back plus
another dollars worth of interest… where you get the second dollar to pay the
interest? The answer is that you have to borrow that one into existence and promise to pay it back with
interest as well, so now there are two dollars in existence but you owe fourÉand so on and so on.
The result is there’s never enough currency to pay the debt. There is always more debt in the system than there is currency in existence to
pay the debt. Therefore, the whole system is impossible it is
finite it will come to an end one day. What
would happen if the government stopped borrowing to do deficit spending? Are the payments on those treasury bonds
going to stop? What would happen if the public stopped
borrowing and going deeper into debt? Are your house and car payments going to
stop? No, there is a payment due every month on the principal plus the
interest on every dollar in existence and those payments do not stop. If we stop borrowing then no new
currency is created to replace the currency that we used to make those
payments. Whether you’re making a payment on a
loan or paying tax to make a payment on a bond, the portion of the payment that goes to
pay off the principal extinguishes that portion of the debt.
But the debt also extinguishes the currency. Currency and debt are like matter and
anti-matter. When they meet they annihilate each
other. If we just pay off the principal only on all the loans and bonds that exist
the entire currency supply just vanishes. So if we don’t go deeper
into debt every year look what happens: the whole thing goes
into a deflationary collapse under the weight of those payments. Politicians and pundits alike talk about
balancing the budget paying down the debt and living within
our means. They don’t understand that that is deflationary, it is impossible to do under our current
monetary system without collapsing the whole economy. This is why any talk of a debt ceiling
is not only ridiculous… its delusional. The system is designed to
require ever-increasing levels of debt just to
continue, and that’s why politicians will always kick the can down the road and raise
this so-called ‘debt ceiling’ over and over again until
the whole system finally collapses under its own weight. In other words, they don’t want it to
collapse on their watch. The founding fathers of the United
States knew the dangers of central banking and fought to free themselves
from this very thing. The revolutionary war started out as a
tax revolt, but now we must pay tax just to have a
monetary system. Having just suffered through the
hyperinflation of the Continental Dollar which was printed into oblivion to
finance the Revolutionary War, they understood the dangers of fiat
currency and debt based monetary systems. So to protect future generations from
institutional theft and out-of-control government they wrote
into the constitution that only gold and silver can be money, for the simple fact that you can’t print
them. Our current system is not only unconstitutional, but it robs us of the liberty and
prosperity our forefathers fought and died for. We
are all feeling the effects of ignoring the
Constitution right now. By forcing more currency into
circulation our purchasing power is diluted.
Inflation is a slow and insidious stealth tax that is simply the result of this in
dept-based monetary system. This system empowers and benefits those
who create the currency and receive it first as they get to spend it into circulation
before it has an effect on the economy. They’re stealing purchasing power from
you and transferring it to the banks and the government every hour of every day because of this
false monetary system. And it’s not like the people at the top
don’t know this. To quote the Federal Reserve “The decrease in purchasing power
incurred by the holders of money due to inflation imparts gains to the
issuers of money.” This is a fraud, it is a pyramid scheme,
it is a Ponzi scheme, it’s a scam and it’s a lie. Our entire
monetary system is nothing but a form of legalized theft.
But here’s the biggest con job of them all: The Federal Reserve is not federal – it
has stockholders. There is no federal agency that has
stockholders. What’s a stockholder? A stock
represents a percentage of ownership in a corporation, so the
stockholders are the owners of that corporation.
Therefore the Federal Reserve is a private corporation with owners… and you can see it for yourself if you
go to the Federal Reserve’s website and it will say: “The stockholders
receive an annual dividend of six-percent.” Now we know that the stock
in the Federal Reserve was originally issued to the largest banks in the United
States but because of mergers and acquisitions through the years you can’t actually trace who owns the
stock in the Federal Reserve. That’s a very closely guarded secret. My guess
would be that the owners are those primary dealers, the banks that
get to make a profit by selling part of our national debt-
those bonds, to the Federal Reserve who buys them with a check from nothing!
Then WE pay tax to pay the principal and the interest on those bonds so that
the Federal Reserve can pay the banks a 6 percent dividend. Don’t be alarmed if you don’t quite
comprehend the deception of this system at first glance. Very few people do. It is
purposely complex. The economist John Maynard Keynes once
wrote: “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.” I believe that presented correctly anyone can understand the system,
regardless of how complex it is. So let’s do a recap and break it down
even more… The way this system works is that Step 1: The government creates glorified I.O.U.s
These bonds increase our national debt, and put the public on the hook to pay it
back. Step 2: I.O.U.s are swapped to create currency. The
Treasury sells the bonds to the banks. The banks
then turn around and sell our national debt at a profit to the Federal Reserve, which
they probably own. The Federal Reserve then opens its checkbook
that doesn’t have a penny in it and buys those I.O.U.s with I.O.U.s it
writes, checks on a checking account that has a zero
balance. Then they give those checks to the
banks and currency just springs into existence, and then the whole process repeats. This
results in a build up of bonds at the Federal Reserve, and currency at the Treasury…which is
really just a supply of numbers. The Treasury then deposits the numbers
in the various branches of the government and we get to Step 3: The government spends the numbers on
promises, public works, social programs and war. Then the government employees,
contractors and soldiers deposit their pay into the banks and we get to Step 4: Where the banks
multiply the numbers by magically inventing more I.O.U.s through Fractional Reserve
Lending, where they steal a portion of everyone’s deposit and lend it out. That currency gets redeposited and then
a portion is stolen again, and the process repeats over and over
magnifying the currency supply exponentially. Then we work for some of those numbers
which brings us to Step 5: Where our numbers are taxed. We pay taxes
to the IRS who then turns our numbers over to the
Treasury, so the Treasury can pay the principal plus the interest on bonds
that were purchased by the Federal Reserve with a check from nothing. Then we get to
Step 6: The Debt Ceiling Delusion. The system is
designed to require ever-increasing levels and debt and will
eventually collapse under its own weight because politicians always kick the can down the road, they
don’t want it to collapse on their watch. And finally Step 7: The Secret Owners
Take Their Cut. The world’s largest banks own the Federal
Reserve, those banks make a profit selling our national debt top the Fed, they make a profit when the Fed pays
them interest on the reserves held at the Fed, and the Fed pays them a six percent
dividend on their ownership of the Fed. This system is fundamentally evil. It funnels wealth
from the working population to the government and the banking sector.
it is the cause of the artificial booms and busts of modern economies, and it causes great disparity of wealth
between the rich and the working class. AND – it is only possible because we no
longer use real money, we use currency. But worst of all it is a
form of enslavement. BOND is the root word of BONDAGE.
Whenever a government issues a bond it is a promise to make us pay tax in the
future. Nobody asked you if you wanted to pay
tax today for the prosperity we all enjoyed in the last century. Nobody is asking our children if they
want to work hard in the future to pay for the prosperity we’re enjoying
now. George Washington once wrote to James Madison: “No generation has the right to contract
debts greater than can be paid off during the course
of its own existence.” By stealing prosperity from tomorrow so
we can spend it today we enslave ourselves and future
generations. Now this all sounds pretty bad but there
is great hope for YOU are the greatest threat to this
false monetary system. This system relies on the public being
ignorant of its workings. Please share this knowledge with
everyone you know because an informed public that fully understands the system can
build a better future for generations to come. And now I leave you
with this quote, widely attributed to a former Director
of the Bank Of England: “The modern banking system manufacturers money out of nothing. The process is perhaps the most
astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth.
Take it away from them, but leave them the power to create money and
control credit and with the flick of a pen they will create enough money to buy it
back again. If you want to continue as the slaves of bankers and pay the cost of your own slavery, let
them continue to create money, and to control credit.” This the Federal Reserve in Washington
DC it’s located on Constitution Street, and
that is just as much a joke as the New York Fed being located on Liberty Street. Both of them are unconstitutional both
of them limit our Liberty, and they transfer wealth away from us
every second of every day to the Federal Reserve, to the government
and to the banking sector. YOU are now among the one in a million that can
detect theft of your prosperity… so the big question is, what can you do
about it? 1: Watch this video until you can
describe and teach it to others. Those who
understand the system can make preparations for its unavoidable
collapse and protect themselves. History shows that those
who don’t will probably wiped out. 2: Share this video with everyone,
especially those you care about. All it takes is a mouse click or two to get this message in front of millions. Post this video on Facebook, Tweet it,
email it to loved ones. Please share it wherever you can.
3: Join the conversation. The current world
monetary system is based on a three hundred-year-old design meant to enrich a few at the expense
of the many… there must be a better way. At we’ve created an open source platform
for the design and development of a new world monetary system. We’re calling on every economist, every student, every
college, every bright mind and anyone who cares
to join the discussion. In educating ourselves and each other we
can prevent the further loss of our freedoms and maybe, just maybe win some of them back. … … Stay tuned for Ron Paul… ÉJim Rickards, and Steve Forbes Watch more episodes at [Ron Paul] I think your Episode 4 is very beneficial, very helpful, it’s gonna
introduce these ideas to a lot of people, and like I’ve just been talking about, we have to change people’s minds and the
more they understand it the better, and I think we’re at this point now
where more people in the last several years..four or five years have
thought about the Fed than they ever have in the previous ninety five years so I think I an explanation and diagrams
to show it is very helpful because quite frankly they’re not going
to get it in their grade school they’re not going to get in their high school they’re not going to get it in college
unless they’re in a very rare circumstance to understand how this works. [Jim Rickards] You know for years
before I got involved in huh really studying gold and some of the things
I write and talk about today I was a monetary economist for decades you know
in your video you talk about the primary dealers I was chief counsel and chief credit officer
for one the largest primary dealers for ten years so I had an inside seat on the Treasury
market and have the privilege of working with several former Vice Chairman of the Board of
Governors: Johnson and David Mullins going back to the 80’s and
90’s so I’m very immersed in what you’re talking about I thought it was extremely accurate, extremely clear, I didn’t think you were stretching on any
points it was is really like something out of a PhD course except that it was very easy
to understand, I think it’s accessible, I think I think we’re seeing a little
bit of a revolution in communications in the following sense you know as you
point out the Fed was created in 1913 well in 1913 there was no web there
was no YouTube, no Twitter there was really no one to stand up and oppose the Fed or call them out if you
will, or really get into a discussion that everyday Americans could follow. That’s not true now – with social media
and everything else you can reach out to millions and
tens of millions of people and tell them what’s going onÉI think you’ve done that, You’ve done it successfully I applaud it, I think it’s
a great video I look forward to seeing it again, I know
millions of people will enjoy it. [Steve Forbes] Well as we know the Federal Reserve believes it can
create money out of thin air, and not realize money is supposed to represent
real products and services and what people don’t realize is
when the Fed does that in effect as Keynes pointed out
it’s a form of taxation, it’s a form of confiscation and because
people don’t see it the politicos get away with it, but it
also undermines social trust, it just is corrosive throughout
society. We’re going to have a lot of turmoil in
the coming years, but it’s going to be the kind of turmoil
that leads to positive things. So don’t despair, get out there and
fight because the tide is gonna turn. This is going to
be the statists last stand. [Mike Maloney] Thank you! [James Anderson] This episode of Mike Maloney’s
Hidden Secrets Of Money was brought to you by
and the new Silver Pegasus round. To learn how to protect your family and turn the coming economic storms
and opportunity visit:

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  1. Hi folks, thanks for all the great comments. Great news – Episode 7 of this series is now live, here is the link:

  2. The father of MMT, Warren Mosler, claimed in an interview there is nothing suspicious about the Federal Reserve paying 6% to member banks, because he used to own one and recieved it. "i didn't have any private meetings with the committees or anything, they just sent me a cheque every year for 6%.when i sold my bank the cheques stopped".

    Haha. Well done, Mosler, you cunt!

  3. Misleading and full of have truths. For example the fed passes interest to the treasury and paying off debt does not evaporate money since the money is already in existence.

  4. I lost a freind over money he gots a good job i dont best thing to ever happen to me that mutch always wanted me to buy things he never pitched in then when he got money i mean greedy he was gone thank god money can turn people fake but im still the same i dont let money evil blind me

  5. I have lost all respect for all politicians except President Trump and Vice President Pence , even Ron Paul and others like him . They have known and understood things like this for years and absolutely done nothing to stop the corruption . They are all guilty and will reap what they have sown when they stand before Almighty God in judgement . If nothing else , they could have been a watchman on the wall , continually reminding the people of what was going on and showing us what was going to happen to America . All of you politicians have played the politically correct game while your pockets have been fattened with wealth at the expense of the poor and working people . What are you going to do when God begins pouring out his wrath on people like you . The Holy Bible declares that Jehovah is not just love but a consuming fire !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Most of you didn't just get rich on the salary you make from your position in government . You have become lovers of filthy lucre the bible talks about . You won't repent before God because you love your position in life . I'm laying up my treasures in Heaven .——————————————————————————————————————————————————-Ernest E. Johnson

  6. Wow! Pretty everyone knows, or least is of the opinion, that we are being lead by a bunch of crooks,… BUT the magnitude of the scam! I suddenly don't feel bad about writing off some of my debt, now that I know it's nothing but imaginary "money". I owe principal plus interest after being loaned something that never existed?!?! I all ready knew about the whole fractional lending farce. I've explained it to more than one person that thought their every dollar was safely stored within their current financial institutions walls. But, really, WOW! Mind completely blown after watching this episode in particular.

  7. Quit living beyond your means people. Drive shitty cars, don't buy 100dollar jeans, getting nails and hair done aren't needs, and for Christ's sake learn how to grow some of your own food, or at least how to cook. And by cook, i mean take several raw food items from a garden, add heat and cook them. Not take out of a box, put in an air fryer, and viola! People on average are far too stupid today to provide anything for themselves anymore. It's truly depressing.

  8. I love this video! But let's be honest… The Fed is a magic trick… To fool the masses that the government isn't just printing currency for itself. The illusion creates the confedance in the system.

  9. ahead of your time.. nice job.. ?? what the cause of the collapse in the future.. a top 10 list would be cool..

  10. Most people don't know the difference between Keynesian (this) and Austrian/classical economics. If they knew, this scam wouldn't succeed.

  11. Is a Chinese language transcript or Chinese dubbed version of this superb video available? China has 1.4 billion people who could use this information.

  12. I had a meeting at my bank recently. As he mulled over some investment paperwork, I asked casually my advisor what the fractional reserve ratio at the bank was. He froze for a moment, then looked up at me with a confused look and said. “You know what? I have no idea. That’s a very good question. I’ll get you that information for next time we meet.” Then he continued doing the paperwork for a few minutes and stopped and looked up at me again and said “Can I be honest with you? I’ve worked here 6 years and you’re the first person to ever ask me that question.”

    “Most people don’t know how banks work”, I said.

    “Indeed they don’t.” he replied.

    A couple of weeks later at a followup meeting, the first thing he said to me was “Remember when you asked me about the fractional reserve ratio? I asked my supervisor, and he didn’t know, so I had to dig into the company’s documentation and I found that the ratio is 25 basis points (i.e. 0.25%). A quarter of a percent! That’s crazy!”

    A lot of bankers are good people who are just trying to make a living, and unfortunately are stuck in the system, oblivious to the big picture. Please ask your bank person what the fractional reserve ratio is at your bank so awareness can spread.

  13. I find it funny that at the beginning of the video it uses a Republican as the example for more free spending. We all know which side is more likely to create government programs that keep people poor. Just watch the Democratic debates. Literally a jerk fest to debate which candidate can spend more of our money lol

  14. Thank You for providing this information ep1 to ep4.

    I now understand why i believed money was fake.

    Since I was 8 years old my parents would argue and fall out because the did not have enough money.

    Now I understand why money is fake and how money gets its value.

    Money only has value because we will work as many hours as we can order to earn enough money to pay for our own adepts /car/house etc. It is our promise to be enslaved ourselves that gives money its value.

    I have refused to be a slave to money and that is why society rejects me and why I have no friends. Society views me as being weird and not worthy of their friendship because I refuse to work overtime and be involved in social media.

    I prefer to be friendless when the only alternative is to be uneducated and reliant on the social media phenomena to appear popular and worthy of friends.

    I am Proud to be educated and friendless. I do not want friends who only judge their worth on how many likes they receive through their social media accounts.

  15. Mr. USA, please, invade China, Iran, Russia and keep troops in Afghanistan to prevent terrorists(!) from attacking you like 9/11( though, your own people believe it's an inside job). Con and enslave your own people. Please, please, please. Thumbs up for your killing yourself.

  16. Wait, you mean I work for money and I have to pay taxes?? That is a shocker. Wait, money is largely a fiction necessary to make our economy work? Say it isn't true. Wait, the US government borrows at a remarkably low rate to sustain the economy, especially in times of recession? That's a crime! Wait every country manages its economy through a central bank and considers it is an essential tool to do so? How ridiculous.

  17. it seems like a conflict of interest. and, they should try Peoples Easing, just forgive debt, or at least give a month off of bills …JEESH.

  18. Thank you…great information spoken clearly and loved the visuals…helped a bit…still confused, but not as much as before I listened.
    My why is our system still allowed to defraud us now that it has been revealed? Can we now go to our bank with our claim check ( money) and ask for it to be transferred in gold?

  19. US REPO markets crashed again this week, twice. FED panic printed 53bn of cash. Its all starting again, this time from lower rates, and with twice as much debt.

  20. I don't understand the difference between the Treasury and the Federal Reserve ?

    The federal reserve is independent an privately owned – but a government institution ? But the Treasury is state owned ?

    Why do the banks sell the Bonds to the Reserve to then immediately buy them back off of them ? What function does that serve ?

    Could there be an alternative model where the state owns all parts of it, therefore removing the need to enrich a small subset of wealthy individuals who act only as middlemen ?

    Any help greatly appreciated ! Thanks

  21. Bitcoin brought me here in 2019! I never understood when people say, "the rich becoming richer while the poor becoming poorer" until I watched this video. Mind blown!

  22. 1) Population, productivity and the total amount of goods and services grow at a faster level than the amount of new gold you can extract from exhausted mines. Fiat currency is needed.

    2) Had not credit been available, both the private and the public sector would not have the resources to make the necessary investments. Borrowing is needed.

    3) Revenue does not come just from income tax. It also comes from economic transactions and from state owned enterprises.

    4) Progressive income tax can also be seen as a righteous way for people to participate in a common endeavour according to their possibilities.

    Apart from that, it was good.

  23. Imagine being such a soul-less scum of a creature that you rob the entire world for a thousand years and it's not enough, being so hateful that wealth is not enough. Simply letting people live is unacceptable, you are driven to torment every soul on earth. I was never very sure about God but if such evil exist surely god must also exist.

  24. This analysis assumed the fractional reserve banking theory of currency creation. In fact that theory has been debunked by a number of sources, including the Fed. The truth is money is not deposited nor is it lent back out by banks. Its created when you sign a loan contract. Mike's example assumes the Fed collects seniorage (interest payments), when in fact it is commercial banks that obtain this most important benefit. If the government were to instead collect seniorage, the citizens benefit.

  25. I sold my gold up on the way up… i would give all this fiat paper back for my gold back… shame on me

  26. Hi Mike, I live in the UK, does this happen in the UK as well.? I have kept my savings in the yellow stuff. Can you explain what quantitative easing is all about, and why did Gordon Brown flog of 800 tons of our gold reserves a few years ago.

  27. The misinformation starts at 6:47. There is no fractional reserve lending and there is no multiplicity effect. This was debunked decades ago with solid numbers. What the banks are really doing is very simple and even more devious than fractional reserve lending. They are using the PROMISSORY NOTE as if it was cash. They are tendering PROMISSORY NOTES in a TRANSACTION ACCOUNT. What they do is have you sign a PROMISSORY NOTE and they deposit that promissory note in a TRANSACTION ACCOUNT. They then draw a check from that account. The credit expansion is in the trillions. If fractional reserve lending was correct it would only be in the billions.

  28. Marx was right !! World without money is the only option !! Socialism , money covered by gold would lead to happy world where money are no needed anymore !!! This is undeniable math fact. !!!

  29. Look up executive order 6102 – Government essentially confiscated everyone's gold in the 30s. I feel like this will happen again when the dollar fails just to keep certain people in control. The only reason the government prints money like crazy is because they know when everything is said and done they will have the power (by use of military if need be) to confiscate gold and force everyone onto a new fiat currency.

    Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve, in exchange for $20.67 (equivalent to $400 in 2018)[4] per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, violation of the order was punishable by fine up to $10,000 (equivalent to $194,000 in 2018)[4] or up to ten years in prison, or both.

  30. This fiat system is so crazy and corrupt that it makes no logical sense at all. We need physicists, not economic criminals, to be in involved in the monetary system if we need money to be meaningful and really has true value.

  31. @GoldSilver (w/Mike Maloney)
    Could there a possibility in which bitcoin along with blockchain (if privatized by governments) could depreciate the price of gold/silver. I understand it hasn't happened in 5000 years, but neither was there the technology to do it

  32. I am Indonesian. I'm very interested in the ideas throughout this account video. your video has been translated into many of my country's languages. I want to ask about bonds that I still don't understand. When the government sells bonds, then what do people buy it with? is it with currency too? then, why when people buy bonds must be paid to the central bang? sorry, I'm very stupid about this. but I really want to know.

  33. For the next videos, please learn when to use "I" and when to use "me." There is no virtue in saying "I" when you mean "me."

  34. More stuff. Deficit spending
    Bond – glorified ious
    When federal reserve writes a check it is creating money
    Banking system

  35. The more currency we have the more prices rise
    We work for that currency supply
    Blood sweat sweat labors ideas and talent

    Federal reserve has stock holders
    Purposefully complex

  36. Have you ever noticed that the men's faces on U.S. currency are some of the most notable figures that fought against centralized banking and fiat currency? Washington, Lincoln, Jackson, Grant and Franklin… we're just a joke to these bankers…

  37. People are generally materialistic. They took up loans to satisfy their competitiveness. They choose to slave for material things if not hoarding up fiat curriencies for retirement.
    This globalists are interested in enslaving people and had controls of NATIONS through these debts. China is leaking out the globalist strategy through soft power by creating debt trap.
    Even with gold or silver, what can that do when the globalists have control of even the basic run of the mill from food production to delivery of goods through each nation they controlled. No, their intention is according to the Bible. The globalists are Luciferians and they going to put their leader, the antiChrist to rule the world. Everyone is forced to take the mark ( I believe it is RFID chip with a genome that will change the human DNA) to buy and sell or face persecutions. Do NOT take the mark for salvation in Jesus Christ is only available to human beings and not a hybrid.

  38. Next to impossible to teach stupid people that are robotic and unable to learn about money. they only care work hard, pay less and die asleep. sad fucker.

  39. This is the best video I’ve ever seen that explains how our current monetary system works under a central banking system. “The Biggest Scam in the history Of Mankind – Hidden Secrets of MoneyMoney”

  40. This is EXACTLY the reason I only put my earnings into 3 things….gold/silver, real estate, and my own business growth.
    We use ZERO credit cards, ZERO consumer debt, and we only keep as much cash in the bank as necessary to pay bills for the month.

    And even so, I, just as all others, am caught in a web of deceit. A web that is impossible to escape until death has descended upon us

  41. Help me out regarding debt ceiling and deficit spending. What if a government discovers vast mineral deposits that are of far higher value than it's national debt? isn't that country able to lift itself out of the debt trap? Does a country like Qatar or Saudi Arabia owe debt or experience deficit spending?

  42. Bankers are the main thief’s they’ll use you money for business with out giving you interest they will rather take from you that’s why I invest my money than putting it in the bank .

  43. You are actually wrong on the debt ceiling. You can borrow a dollar, create a business from that dollar and eventually the money you spent on capital will flow back to you since the people you bought the capital from will buy your product. Then you will slowly repay the dollar you lent and the money you repay will soon get into other peoples' hands who will buy more of your product and you can continue to repay your loan until its fully paid.

  44. Yeayh, Europe has a minimum reserve of 1%,

  45. Every national dept is bigger than the actual currency in circulation plus every month year there is interest again adding to that numbers. I dont know what kind of chaos is going to happen when that system collapse. We are paying depts plus interest forever.

  46. Great video, you really don't know who are the stok holder of America? ;oP
    Clue: IRS is a foreign private society own by the IMF (International Monetary Fund)
    IRS is the private weapon of the FED.
    FED is a private society that print money for US government
    US goverment have a IOU toward FED

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