Check out the corruption by our banks

Posted by Jack Haddad on January 31, 2008 at 2:27 am

Team,

Below are statistics and balance sheet datas regarding our bank reserve.   Check out the corruption for your own amusement!  Last month i posted a video link of three series on the high-powered money that banks conduct.  Do you recall?  Banks are required to keep reserves with the Federal Reserve Bank.  The amount of this reserve has dropped from 43 billion in early december of 2007 to 199 million on january 16th of 2008.  Look under non-borrowed reserves in the third column.  Banks are using borrowed money to fulfill the reserve requirement right now!!!  

http://www.federalreserve.gov/releases/h3/Current/

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Comment by Cody
2008-01-31 08:54:55

So I have a quick question for you…which presidential candidate do you think would institute the best money practices for the US economy?

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