Sunday, December 5

"The Secret of Oz"

I was reading one financial article last Friday when one of the many comments pointed me out to this must see movie. Yes, this movie is worth your time. Below is a brief synopsis taken from youtube.

The world economy is doomed to spiral downwards until we do two things: 
1. Outlaw government borrowing; 
2. Outlaw fractional reserve lending. Banks should only be allowed to lend out money they actually have and nations do not have to run up a "National Debt"


Remember: It's not what backs the money, it's who controls its quantity.

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