The Money Masters: How International Bankers Gained Control of America and the World...
"The Money Masters" discusses the concepts of money, debt, and taxes, and describes their development troughout history. It covers the history of fractional-reserve banking, central banking, monetary policy, the bond system, and the Federal Reserve System. Argument: The exhaustive shockumentary argues that the profit from issuing money is currently being used in the United States to benefit a few wealthy individuals. It goes further and argues that this situation should be remedied, so that the profit benefits the public good, as during four periods in the history of the United States. Finally it presents a bill, the Monetary Reform Act, to implement such a remedy. As support, the film provides many quotations from notable figures including economists, members of the financial system, kings of England and United States presidents. Private central banking and fractional reserve banking: The film criticises fractional-reserve banking and the control aspects of both modern banking regulation and centralized banking systems such as the Federal Reserve System. It describes the history of money and banking, how central banks came to be and how they operate. Money creation: The film describes how the U.S. Congress gave the power of money creation to private banks through the Federal Reserve Act and how the banks accumulate large amounts of interest using this power. It asserts that wealth is slowly being drawn into the hands of a small banking elite at the expense of the general population. Federal Reserve gold: The film argues that there is no publicly owned gold left in Fort Knox because the gold belongs to private banks as collateral against the U.S. national debt. The film argues that since the gold was accumulated by prohibiting its possession, the public's gold has been stolen by private banks. The film also asserts that this gold was used as collateral against government loans used to escape the Great Depression and that the majority went to overseas banks w