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Originally Posted by
marcel
Thank you for that link. The man has developed an in-depth understanding all upon a false foundation.
Look at the 1:20 Minute Mark. There you have it. This is the Secret that is befuddling. BERNANKE is presumed to be hiding the names of the "owner" cartel of Elite families? Nope.
BERNANKE simply refuses to reveal that banks lend to the people their own credit, based in their endorsement of private credit.
The requirements for becoming a member bank were dropped in 1935. Everybody who endorses private credit is a member bank. So you can see why BERNANKE looked a little cornered and perplexed how to reply.
BERNANKE would have been more accurate to say "millions" rather than "hundreds and hundreds" - at any rate he would not be speaking about a few (twelve?) families.
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