An educational 30 minutes cartoon worth watching for all adult. An adventure on banking not to be missed! This is probably the most important cartoon to watch for many of us.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson, 3rd president of US (1743 – 1826)
“I care not what puppet is placed on the throne of England to rule the Empire, … The man that controls Britain’s money supply controls the British Empire. And I control the money supply.” – Baron Nathan Mayer Rothschild (1777-1836) London financier, one of the founders of the international Rothschild banking dynasty
The Federal Reserve on Wednesday announced they will further do people good by launching the fourth round of Quantitative Easing (“QE4”). They turbo-charged the printing press to run at speed of USD$45 billion a month.
^ Federal Reserve will continue to the economy until problem solve
That’s $85 billion a month
Previously, we have QE3 which open-endedly buys USD$40 billion a month worth of toxic mortgage backed securities. Having both QE3 and QE4 (USD$45 billion/month) running simultaneously, we have Fed flooding the market with USD$85 billion per month.
Running it for just a year will add USD$1.02 trillion of new debt onto its already massive USD$16 trillion national debt.
Only in USA, the “big brother” of all economy has this power to create money out from nothing.
To get out from a grave, stop digging
Fed Reserve is just doing the opposite. Big brother is trying to help US citizen from its graving enonomy by digging into more debt.
The following is the official press statement from Federal Reserve. [Read more →]
“2. It is a great way to make money to replace the money that a nation has lost in a recession caused by abuses of the financial system. You just print more money.”
Quantitative Easing in Dr. Mahathir’s own words, is to solve a country economical problems thru the mean of printing money.
^ Quantitative Easing is an unfair advantage for the rich nations
“3. Actually I don’t think they actually print currency notes amounting to the hundreds of billions of dollars or pounds to replace the money they have lost. The amount of printed currency notes would be huge and be very difficult to transport to the banks which has lost the money. There would be a stream of armoured cars from the mints to the banks.”
