FEDERAL RESERVE Whistleblower
Walker F. Todd
Employed for 20 years as an attorney and legal officer for the
"In a fractional reserve banking system like the one in the United States most of the funds advanced to borrowers aka
"ASSETS OF THE BANK"
are created by the banks themselves and
are not merely transferred from one set of
I depositors to another set of borrowers."
In other words the banks are not loaning their money or other people's money, they are in fact creating money with each transaction and that causes inflation and
inflation increases everyone's cost of living.