The Federal Reserve: How banking works in America.
Before the advent of the internet, I often wondered how bankers made a profitable living. How did banks stay afloat on loans that wouldn't be paid back for thirty years? Where did the new money come from for the bank to make new home loans? I knew the deposits didn't cover the loans the bank was making for thirty-year mortgages. All of this ties into our national debt and the Federal Reserve is at the center of this as to why our money is debt.The first fact is the Federal Reserve is not part of America's Federal Government.…