by dvrabel from Council on Renewal.
After viewing this 2nd in his series of videos that attempts to explain the money system in the US, I am beginning to think that the series is looking quite promising. As I wrote Wednesday, I am a student (informal) of money so that I already have some background that helps me to understand what he is talking about. One thing I learned today, to my surprise, was that the banking consortium or cartel (the word he uses) that owns the Fed also includes foreign banks: in Canada, UK, Germany, Japan, and Switzerland.
(See video 1 and my introduction here.)