Quote from: XFlowZion on June 14, 2019, 01:07:37 PM

Quote from: snatoshi on October 18, 2018, 06:44:13 PM

Just after the financial crisis in 2009, the journalist Scott Pelley asked Ben Bernanke on the 60 minutes CBS TV show where did they get the money for the AIG bailout in march 14, 2009? was these money of the taxpayer people?

He just said:"No. It isn't money from the taxpayers. The banks has it's own accounts with the Federal Reserve as well as you can have one with one commercial bank."

He continued: "In such way, to loan to a bank, one just simply uses the computer to mark up the size of the account they had with the Federal Reserve"

So he just literally admits they create the 85,000,000,000 usd out of nowhere to rescue the private company. This isn't the way capitalism should work and it's more like socialism where everybody takes the loses Angry

Apparently, that is the real MAGIC my friend. That is how the rich and powerful people make us all, that are below the system look stupid for all our lives. Whenever they need a lot of money, they just create it while us in the poor sector is going to sacrifice for what they did by means of inflation. Bank is the real enemy and I can't wait for bitcoin to make their operation shutdown entirely.

Today, in many situations, the banking system can help humanity, but not only the banking system, but also citizens, as well as businesses that use their services, are more abused. I have repeatedly stated that if we do not go to the bank, no one can make us do it. Based on this, it can be assumed that in most cases we ourselves are the sources of our own problems.