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

Basically, he is trying to get you to buy gold by telling you our current fiat currency system is an unsustainable pyramid scheme. His description of the system seems reasonable and plausible, but I'm not convinced it will ultimately collapse.

Authors: Mike Maloney
Source: GoldSilver
Published: 10/15/2013
Tags: economics, gold, inflation, hyperinflation, federal reserve
Rating: 5/5

When the Federal Reserve buys bonds from the U.S. Treasury, it does not actually have any money to pay for the bonds, so in effect, it is magically injecting more currency into the economy. When banks lend out the money that you deposit into your account (according to the rules of fractional reserve lending) it is also...[more]