Guns and Butter

Guns and Butter – June 9, 2010

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"The Financial Hijacking of America" with author, Ellen Brown.  Brief history of banking; two ways to create money, either publicly or privately; credit creates money and debt; the Federal Reserve; bubbles and crashes; market manipulation; recent changes in banking and accounting rules; securitization; Bank of International Settlements in Basel, Switzerland; the need for state owned banks.