Comments by "xadam2dudex" (@xadam2dudex) on "How the Hell Does Our Banking System Work? (w/ Richard Wolff)" video.

The problem was caused by giving the control of the money over to a private bank...without the FED there would be no national debt nor banking runs / collapses ...it's only the unregulated private banks that have been responsible for economic boom-bust business cycles and recessions... The FED cutting the money supply by 1/3 made the great depression worse and longer than it should have been ...it was also a planned collapse since it was the banks that made the unsecured loans to stock market speculators which the banks then massively called in without notice which started the stock market crash
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@lawsonj39 the U.S. Treasury issued money before the FED ...the government controls the money supply loans capital to the private banks at interest ...the U.S. Treasury would print the money just as it does now but they would say U.S. Treasury Note not Federal Reserve Note like they do now and like they use to
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