Coffee With Joe: The Time Is Now To End Reserve-Based Monetary System [Video]
I would like to thank Joe Bongiovanni for sending me the link to this video and also for the link to my next article:
OPPT Tactics Have Been Tried Before and Failed
On “Coffee with Joe,” a discussion about reserve banking, how to dismantle it, and what to put in its place are reviewed. Joe says regardless of whether you call the current money system “fractionally reserved” or “endogenous”; it is still debt-based and, as such, prone to instability. In the reformed monetary system envisioned by the NEED Act, banking is often described as being “fully reserved”, but Joe points out that a permanent public money system renders the whole concept of “reserves” obsolete.
Watch the video and decide for yourself.
Tags: Coffee with Joe, fractionally reserved, reserve banking, Time to End Reserve-Based Money, Federal Reserve Bank, World Bank, SEC, OPPT, One Peoples Public Trust