Sunday, August 14, 2016

Fractional Reserve Banking Made Easy

September 30, 2009 by · Leave a Comment 

By Terence Gillespie, GoldSeek The paper bills in our wallet are not money. And they are not Notes as in “Federal Reserve Note” written on the top of the bill. They are actually just Tokens. Federal Reserve Tokens, if you like, is what should be written on top of the bills. They are not redeemable for anything other [...]