I do not know who or why this video was made, but it is - TopicsExpress

I do not know who or why this video was made, but it is interesting. The concept of reserve banking is NOT an American invention, reserve banking was developed in 1680s by William of Orange, King of England. The Bank of England was then the result, the bank issued paper in exchange for gold deposits by investors, which changed the method of currency exchange from hard (coin) to soft (paper). Today, the worlds paper currencies are backed by debt (a promise to pay).

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