Know, so it's just yeah, you know, Earl Starbuck for two dollars says the fractional reserve banking

Let's abolish fractional reserve banking.

It's a chain reaction because of this fractional reserve banking.

last two years, but it's still a highway robbery, how the banks, like you say, take your money, use fractional

And a lot of banks that are irresponsible also participate in what's called fractional reserve spending

Well, you know, it was, we went off the gold standard, fractional reserve banking and everything.

It's fraudulent, it's lying to your neighbor, it's deceptive and it is our modern banking system.

understand, like if I look at, you know, non gold backed fiat currency, moving decimals at a Federal Reserve

And I really appreciated what they were teaching me about fractional reserve banking.

Dodd -Frank law that was passed after the crisis, and go to Title II, and look up what happens in a banking

They can force everyone else to have to give up their gold, which means now they're not in a fractional

Nothing due to fractional banking, but if there was really a run on banks, but go ahead.

They've talked about that at like like fractional banking and right, you know, but people don't even

And that's a result of policies that were instituted during COVID. There are zero, zero reserve requirements for any of these banks right now. So they don't have to hold any, any cash in their banks.

He told us, and he didn't tell us to use the government's Federal Reserve and fractional reserve banking

the printing of the current 100 years, and 2008 bubble, all that can be traced back to currency, and fractional

But in principle, it is decentralized. And for that reason, it's it's a lot better and it's perfectly scarce in the sense that there's only 21 million that will ever be. And there's fungibility like an insider investor in Silicon Valley gets the exact same Bitcoin as a farmer from Jakarta.

So what's the Federal Reserve, you might ask? Well, the Federal Reserve is, in short, it's the central bank of the United States, and it's the organization that prints the money, that creates the money, that's where our dollars come from, like if you take a dollar bill out of your wallet, and you look at it, across the top, it says Federal Reserve Note, so the Federal Reserve is in charge of overseeing the supply of money, the supply of dollars, dollar bills, in the United States, it's the central bank of the United States, that's what central banks do, central banks issue currencies, they issue the national currency, now every country in the world, with the exception of just a tiny handful, has a central bank, Canada has a central bank, Great Britain has a central bank, you know, the Bank of England, you've got the European Union has a central bank, it's just called the European Central Bank, you have the Japan has a central bank, the Bank of Japan, the BOJ, sometimes it's called, China has a central bank, it's the People's Bank of China, Australia has a central bank, any country in the world, major countries, minor countries, it doesn't matter, they all have central banks, I can say with very few exceptions, I think you count on one hand the number of countries that don't have central banks, I mean, it's just overwhelming, it's a worldwide system, well anyway, the central bank, it's kind of this 500 -pound gorilla in the room, the activities of the Fed, and the Fed is just a shorthand way of talking about the Federal Reserve, the Fed, the activities of the Fed affect the lives of every single person, not just in the United States, but really in the entire world, because the US dollar is the world's reserve currency, so the activities of the Fed have profound implications for everybody, not just Americans only, but really for everybody in the entire world, and yet, you know, here's this profoundly important institution, and yet neither political candidate seems to want to talk about it, not Donald Trump and not Joe Biden.

Oh I know I know I know I know the Federal Reserve.

With the infinite banking concept when you buy a whole life Insurance policy that's mutually owned and Dividend paying you're essentially paying for a policy that is sort of like a bank and That you're paying premiums for it and you're you're building up cash value Inside the policy and it's growing tax -free.