It’s now again possible to watch the video about how banks don’t loan money (they buy securities). Many thanks to @notporc for pointing out the broken video embed and for providing a link to a new video. See the video here.
The bible is a law and banking document. For example, the idea of redemption is in the bible and also important in finance. Supposedly, one must redeem a bond to get out of prison, since most people are in prison for refusing to pay a debt they don’t even know exists. Get the bond and […]
It’s a miracle!! Richard Werner, an economist and professor, explains how banks really work. They don’t take deposits and they don’t lend money. A summary and full transcript appears below the video! I typed it out because it’s so important. (Hat tip to @notporc for providing the new video.) — Begin Transcript — Banks are […]
On a paper bank check, for a checking account, the line under the signature is actually microprint, not a line. According to this post, the line says, “Authorized Signature.” Beside the line are the letters ‘MP’ – standing for…micro print! The banks are obviously trying to hide this. The word “DOLLARS” appears clearly but they […]