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I ask all the "Banking Sector Units" about the FRAUD Bank does and it is called "The Fractional Reserve Banking System"?

Created by : konkan SINGHA, Head- Talent Acquisition (IT), OptedJobs  | 12 27 2010 12:26:37 +0000
Industry : BankingFunctional Area : Recession(Personal Interests)
Keywords : www.zeitgeistmovement.com
Activity:  240 views;  last activity : 01 13 2011 11:00:51 +0000

Anybody out here know exactly, what do you mean by "The Money-Changers"?

The Banks have created money out of thin air and have inflated the whole economy throughout the world. If money is important for the Economy, why is it that it is not taught in schools and colleges? Ask yourself what is money and you would not be able to  answer it because most of the people working with the Financial establishment do not know about "The Fractional Reserve Banking" which in other words can be term as "Slavery of Man-kind".

  
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What we need here is not a Monetary Economy but a "Resource-Based Economy". Monetary Economy is nothing but enslavement of Humanity.
By konkan SINGHA, Head- Talent Acquisition (IT), OptedJobs  12 27 2010 12:26:37 +0000
 
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I agree that we live in a inflated market which exist only in our perception & banks are responsible for it....
By Rashmi Chawla, Cust. Service Manager, Leading Bank  | 12 28 2010 10:00:24 +0000
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I agree with your point of avaricious banking practices causing economic malice. But it is too natural that, when it is about profiteering, majority of us humans also act the same way.

              “fractional reserve system” is something banks can’t do with out and profitability is the primary goal of all financial institutions, whether profit or non profit. As long as they ensure proper demand supply interaction and prioratise overall economic well being over undue profiteering, they have a point.
By Padmanabhan R, Articled / Audit assistant, Finance student  | 01 13 2011 11:01:23 +0000
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