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Farmington, Mo | Great video John, thanks for posting!
Couple questions though:
1-if an individual bank can create money without borrowing it from the Fed, what limits them from going hog wild so to speak?
2- if they can create their own money, why would they want our deposits?
3- I understand our currency isn't tied to anything but the "full faith and credit" of the US Gov, but I find it hard to believe they would allow private banks to manipulate "their" currency without them having some sort of controll over it. | |
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