The TRUTH about Fractional Reserve Lending and The Federal Reserve

Fractional reserve lending is a practice created by the Federal Reserve that allows banks to lend money based on a fraction of the deposits they hold in reserves. Ironically, the majority of banks hold their Tier 1 Capital (reserves they can't afford to lose) in permanent life insurance, but they won't tell you that.

Watch this video as Ron Paul tries to get Ben Bernanke to talk about transparency of The Federal Reserve. And, after all is said Barney Frank steps in and says we should certainly look into what Reagan and Nixon did… http://www.youtube.com/watch?v=5gH2U1ly_aM

Currently, Bernanke is trying to end minimum fractional reserve lending for banks, meaning they would have NO LIMITS on lending! At the present time, banks may not create any more than $9 in additional loans for each $1 they hold in reserve. However, Federal Reserve Chairman Bernanke suggests that this may be changed to ANY amount in loans REGARDLESS of what is held in reserve. If this happens, fractional-reserve banking will become zero-reserve banking, and hyperinflation will occur.

All of this was predicted in The Creature From Jekyll Island: http://legacyinsuranceagency.com/creature.html

Meanwhile, China is raising their fractional reserve limits: http://www.worldmarketmedia.com/970/section.aspx/916/china-to-raise-reserve-requirement-ratioagain

If you are concerned about your family's financial future, this is all the more reason for you to create a system of finance that is not dependent on banks or the government. Learn how: http://legacyinsuranceagency.com/IBC/theinfinitebankingconcept.html

Until next time,
Barry Page, RFC

Barry Page is a Registered Financial Consultant and helps families to live debt free and create generational wealth. He publishes multiple websites and blogs including this one, and can be reached at http://legacyinsuranceagency.com/contact.html

Don't Worry, Obama Will Fix Everything...

Obama Initiative Seeks Fix to Finance Regulations - AP. That was the headline from AP and the story that was widely publicized today, June 17, 2009. Here is a direct quote from the story: "The Obama plan recommends increased powers for the Federal Reserve, which is the U.S. central bank"

Read it here: http://www.thestreet.com/story/10517442/1/obama-initiative-seeks-fix-to-finance-regulations.html

As citizens of the United States, we need to be ALARMED!

You owe it to yourself to learn the truth about the Federal Reserve System. Watch a free video on the history of the Federal Reserve here: http://legacyinsuranceagency.com/banking/banking-history-federalreserve.html

You'll also find the book, "The Creature from Jekyll Island" by G Edward Griffin available on this webpage as well as a free mp3 recording. The book reveals the truth about how the Federal Reserve was created and why our Banking system is a monopolistic cartel.

As citizens of the United States, we need to be ALARMED!

Contact your Congressional Representative http://www.congress.org/congressorg/home/

Join a Tea Party
http://www.teapartyday.com/