This video is a follow on from the previous video dealing with Corruption in Western nations. If you haven’t seen that video, I would recommend you doing so before watching this one.
Fractional Reserve Banking
Let’s now consider the banking sector.
If you want another example of corruption – specifically with regard to collusion between government and financial institutions, we just need to consider “Fractional Reserve Banking”.
I’m not going to give you a full account of this, instead, I shall refer you to a video I made, entitled, “Banking – Fractional Reserve Banking” to get more of an understanding on this matter.
Put as succinctly as possible, the “Fractional Reserve System” allows banks to create currency out of nothing when they make loans to customers and then they charge interest on those loans. Needless to say, this is a very profitable enterprise for the banks.
I should mention that there’s nothing illegal about “Fractional Reserve Banking”. This process is entirely legal. Not only does it come within the bounds of the law, it’s actually ordinary banking practice. But, to my mind, it’s one of the biggest scams in history.
Given that it’s upheld by law, should perhaps make you call in question the laws of the land. It certainly makes me question both the laws and law makers.
We have to conclude that Governments are complicit in this scam because they must be aware of the situation and yet they do nothing.
Manipulation in the Precious Metals Markets
To give you yet another example of corruption – again, with regard to collusion between government and financial institutions, we can also consider what happens in the precious metals markets.
I’m not going to go into detail here as I’ve already made a few videos on this topic … Suffice to say, precious metals are manipulated for financial gain, but, more importantly, in order to disguise the true value of the Dollar – or more correctly, the Federal Reserve Dollar. If they didn’t manipulate precious metals in the way that they do, the world would see the parlous state of the Federal Reserve Dollars in use today – everybody would realise that they are virtually worthless. When it comes to the value of currencies, gold and silver are the proverbial canaries in the coalmine.
I refer you to three videos I made, entitled, “Manipulation in the Precious Metals Markets” to get more of an understanding on this matter.
Unlike the previous two examples I’ve given, these manipulations aren’t legal and banks like JP Morgan have actually been prosecuted and fined by the financial regulators for rigging the precious metals markets. But the fines aren’t much of a deterrent, amounting to the financial equivalent of a slap on the wrist. Nothing else bad happens to the banks. And so, they just continue doing the manipulations without any real impediment.
Once again, we are obliged to conclude that Governments are complicit in this manipulation because they must be aware of the situation and yet
