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the fractional reserve banking (FRB) system

One of the main causes of the current system breakdown is the fractional reserve banking (FRB) system so it’s really important to understand how it works. My experience has been that that most people including those who work in Banks and the investment industry, and politicians at the regional and National level, do not have any idea how money is created..

Other linked causes of the Banking crisis are

Peak oil

Population growth (particularly the bubble of baby boomers)

In a major speech a month ago( http://www.economist.com/node/17363435?story_id=17363435&fsrc=rss the Governor of the Bank of England, Mervyn King said what he really thought “of all the many ways of organising banking, the worst is the one we have today.” Possible remedies included not just breaking up banks, but also “eliminating fractional reserve banking”.

Here’s some simple primers on FRB. Each adopts a different presentation style so at least one should convey the principles to you. My personal favourites are marked XXXXX

Written

XXXXX Fractional reserve banking - Wikipedia, http://en.wikipedia.org/wiki/Fractional-reserve_banking

Short Videos

5 minutes…………..How Do Banks Create Money from Nothing? The Basics of the Economic Crisis in 5 Minutes Crash Course: http://www.youtube.com/watch?v=Hg_1iXbIjFQ&feature=related

4 minutes…….Money Creation by Chris Martenson http://www.youtube.com/watch?v=qIxhsF6JLEA&feature=related

XXXXX 8 minutes…………Money As Debt (1 of 5) Video http://www.youtube.com/watch?v=HUiNNYfQSc0

10 minutes………Fractional Banking and the Federal Reserve System Explained! Video http://www.youtube.com/watch?v=pC8I3J-1GSM

10 minutes…….How Money is Created and Destroyed http://www.youtube.com/watch?v=xNehYxy77RI&NR=1

Regards

Mike