Power to the People: Episode 2 - Money From Nothing

In episode 2 - “Money From Nothing” of this 4 part documentary on the monetary system, "Power To The People" we discuss the origins of fractional reserve banking and where money comes from, how government debt became the national money supply, history of money using wooden tally sticks, gold, silver and paper money. We also discuss the history and origins of central banking, the first central bank, the bank of England which became the model for modern banking. Hyperinflation and how it destroys the value of paper money. The first central banks of the United States. Andrew Jackson and his fight against central banking and corrupt bankers. Abraham Lincoln’s use of non-interest bearing “greenbacks” paper money to finance the Civil War. Expansion and contraction of the money supply that led to the boom and bust economic cycle, and rampant bank failures. Early efforts to stabilize the money supply.

Click the link below to read the article “Power to the People: Episode 2 - Money From Nothing” on my website:

https://understandingrelationships.com/power-to-the-people-episode-2-money-from-nothing/37424

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