EPISODE 7: Fractional Reserve Banking and Andrew Jackson's Bank war [ 22:15 ] Play Now | Play in Popup | Download
In this episode I talk about the basics of fractional reserve banking. I give examples of how the system works along with a website that you can interact with and see for yourself how the banksters make money, literally. I also tell the story of President Andrew Jackson and his war with the Second Bank of the United States. I talk about how The Federal Reserve Bank today is very similar with the same influence and power.
Links for this episode
Great article on fractional reserve banking