An explanation of Fractional Reserve Banking

[postlink]http://werehit.blogspot.com/2010/02/explanation-of-fractional-reserve.html[/postlink]http://www.youtube.com/watch?v=Txi8sXO16VUendofvid
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Mark Matheny

Exerpt from "Zeitgiest" on how Fractional Reserve Banking works in simple terms. This is important to understand since this is the reason the Federal Reserve was established. Our economy is based on DEBT and credit.

This is why it is important to support HR 1207 (Audit the Federal Reserve). [endtext]

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