EP. 42 THE FED with Dr. Laura Sanger
Blurry Creatures
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The Fractional Reserve Banking
The banking system is built on this house of cards called the Fractional Reserve Banking. The Federal Reserve has set what they call reserve requirements for banks, about 10%. And so if I take $100 and I deposit it in my bank, my bank only is required to keep $10 on reserve. And then they loan out $90,. And when they loan out that $90, they charge a massive amount of interest so that they can get rich off of my money. Meanwhile, they're giving me a measly less than 1% interest for the privilege of accessing my money. That's just another example of how the banking system exploits us. They've lied in wait to entrap
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