How International Bankers Gained Control of America

How Wall Street investment bankers controlled the economies and currency values, and more recently led to debacle and global recession was nicely explained in this documentary. Interestingly the anchor/author Bill still made it so simple to understand. He builts his case, starting with the History of money.
We all know how bartering goats and grains gave way to the shiny gold coins for ease of carrying. Later the goldsmith used to keep the gold and give receipts. And use of these receipts actually became safest way of carrying out transactions. No need to carry expensive gold. Slowly goldsmiths realised that not many people come back to claim the gold. And they started giving out more receipts than the gold they possesses. That is the origin of fractional reserve banking where the money changer as they popularly called then started printing more money and lending them than the assets they actually have. Thereby earning interest on them. Today RBI regulation requires every bank to at least have 1/10th of the gold asset of the money they are lending out in form of credit. So 8% interest that bank gives actually earns them 80% returns.
Today Federal Reserve, the central bank of US, those who print dollars, is not government agency (the word federal is quite misleading) but a quasi-public system, made of 12 regional privately owned establishments. Identities of the owners who own the stakes in Fed Reserve were kept away from the public knowledge. Throughout the history of banking, wars were financed, governments were toppled, civil wars, assassinations of the senate members carried out who opposed to the idea of reserves being privately held.
This is an eye opening documentary.