Niall Ferguson almost revealed the scam last night in part 5 of The Ascent of Money.
He referred to Ronald Reagan signing a law that allowed the banks to lend out much more money than they had on deposit.
And that was it. A small component of one sentence, mentioned in passing, a sentence that was really about mortgages.
If the Federal Reserve, who owns it, how it was created by manipulation, and how it had financed all the misery and concentration of power into the hands of a small number of "things" is not mentioned next week then what can we deduce about Ferguson?
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