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The Federal Reserve Explained In 7 Minutes

Friday, May 30, 2014 10:52
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(Before It's News)

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Freedom Outpost

Dean Garrison

Have you ever caught yourself wondering how nearly every country on earth can be in debt to outside sources? In my world, if I owe a friend $10 and he owes me $5 then I simply give him $5 and we call it “even.”

But that’s not how the world of international banking works.

If you have a minute, Wikipedia tries to keep an updated National Debt List. Looking at the chart is very eye-opening. Yes America, we are still unfortunately #1 and no one is really challenging our indebtedness.

The reason that nearly every nation on earth has external debt is simple. We don’t owe that money to other countries, even though many of those countries “own” our debt. Countries that hold debt are simply like “middle men.” It is all somehow owed to the world banking elite. The elite, of course, would like to keep it that way.

Even in cases like China, where they own more of our debt than anyone, the Chinese still ultimately answer to the world banking elite. It is a system built on people owing governments and governments owing banks. The bankers do, in fact, rule the world.

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Reposted with permission

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