Celtic Soul...

You sound well-versed in money matters. I'm not. But I was wondering if you've read 'The Creature from Jeckyll Island'? A book about the creation of the U.S. Federal Reserve bank...a creation by half-a-dozen men at the resort of Jeckyll Island in the early part of the 20th century. American bankers and representatives of European banking interests.

Anyway, the book describes one of the mechanisms by which local bankers are kept in service to the paper money scheme. A local banker approaches the Federal Reserve for a million dollars. Once that money is in the vaults at the local bank, U.S. law allows the banker to claim it as collateral for loans. And the law says the bank must have 10% of the money loaned out on-hand at any one time. So, the banker can then use the million dollars to make ten-million dollars worth of loans. If the interest rate is 10%, then a million bucks a year is coming back into the bank in interest. Pretty sly. No-risk banking. And THAT is what has been used to keep the smartest people in our society (bankers, folks...like it or not) in line for the past hundred years. Greed. They are smart, but they have been blinded by sheer greed.

Or so the book contends. Interesting book.