"there’s one section of the interview that sounds like it could’ve been narrated by Creature From Jekyll Island author G. Edward Griffin.
Quoth Epstein:
There’s a fundamental part of money, which is called “fractionalized banking.” And fractionalized banking is something that finance people understand. And the people on the street—and when I say “people on the street,” that’s where I was when I started on Wall Street—would find it impossible to believe. Impossible.
Why? Bannon bank. I give you $1. Just one single dollar. In our system of banking, I would say, “Okay, Steve, I gave you a dollar. How much could you lend out to your friends?” And your natural reaction would be, “Probably something less than a dollar because I want to keep something in my pocket.”
The way our system works is if you as a bank are holding my dollar, you can lend out an additional eight or nine dollars. No, it’s impossible. I only have a dollar, Jeffrey. We have something called fractionalized reserves, which is if you have one, you can lend out nine. That’s the way our system works. And so not only do world leaders not understand banking, but the man on the street, my father, who worked in the park department, it would be beyond his imagination that people could lend out more money than they actually had in their pocket.
In addition, Jeffrey Epstein says there would be “runs on the bank” if the public understood how the banking system works."
(2) 10 Things I Learned From the Epstein Files
10 Things I Learned From the Epstein Files
by James Corbett
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Sounds good to me
JUST KIDDING BLUE HAIRS
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