007 – License to Kill

James Bond has a license to kill, and modern banks have a license to steal.

Yes, even that kind, friendly, well-dressed loan advisor at the bank who's helping you qualify for your first home loan (or car loan, or student loan) is actually an unwitting participant in a global ring of organized crime.

You new loan will not only put you into debt - which means you'll pay for your home, car, or schooling several times over (instead of just once) - but it will also cause the price of houses, cars, and schooling to rise for everyone else in society, which effectively makes everyone poorer.

Since these items are less affordable, people take out loans to buy them, and the cycle of "more debt -> rising asset prices -> getting poorer" feeds itself.

Who gets the prosperity?

The banks of course! They create currency from thin air, lend it to you (at interest!), and then they get to keep the money (if you pay back the loan) or they get your house (if you don't)!

This system of theft - i.e. our modern fiat banking system - is the reason for wealth inequality in America and around the world.

If you educate yourself, you can protect yourself.


Don't forget to Subscribe to the channel and let me know your thoughts in the Comments! What are your thoughts, feelings, and actions in response to this?

Somewhat Scholarly Podcast is on iTunes, Spotify, Google, and Stitcher.
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006 – Can You Print Prosperity?

It's a simple question, really: Can you print prosperity?

If yes, then let's print copious amounts of prosperity for everyone!!!

If no, then what are the consequences of the massive "economic stimulus" that the government and central bank are unleashing upon the economy?

Someone has to pay the cost. And it's going to be the people who don't understand what's happening.

If you educate yourself, you can protect yourself.


Don't forget to Subscribe to the channel and let me know your thoughts in the Comments! What are your thoughts, feelings, and actions in response to this?

Somewhat Scholarly Podcast is on iTunes, Spotify, Google, and Stitcher.
www.SomewhatScholarly.com
[email protected]

005 – The End of Fractional Reserve Banking

On March 15, 2020, the Federal Reserve Board of Governors announced that the policy of ‘fractional reserve’ banking would no longer continue as of March 26, 2020 (a day that will live in infamy); as of that date, the reserve requirement would be zero percent for all types of deposits. This will have profound consequences on the financial future of every man, woman, and child in America.

You can read the short, simple, quiet press release here: https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315b.htm

You can monitor the bi-weekly changes in reserve balances here: https://www.federalreserve.gov/releases/h3/20200409/

You can view the FDIC changes in the DIF Reserve Ratio here: https://www.fdic.gov/bank/analytical/qbp/2017mar/p13ch1.html
[*Note the last update was December 2018, and the last data point was March 2017. There must be more recent numbers somewhere…].

You can view the FDIC video assuring people that “your money is safe at the banks” here: https://www.youtube.com/watch?v=jdjzIaEDTnw


Don’t forget to Subscribe to the channel and let me know your thoughts in the Comments! What are your thoughts, feelings, and actions in response to this?

Somewhat Scholarly Podcast is on iTunes, Spotify, Google, and Stitcher.
www.SomewhatScholarly.com
[email protected]