While the video is at least basically true, there is something far deeper that does a whole bunch of damage to average people more than this gold thing. What is it? All bank loans not really loans. They are creations of new money. With the $billions ($trillions if you consider the national debt) that government has created with the banks by borrowing from them, all of this has made the DOLLAR that you hold in your pocket worth less and less - diluted by the money that government has created. While some people and companies take part in the new money, most of us only do so in small ways. The good news is that this banking Ponzi money is causing the bank owners to have so much that it is collapsing on them, as all Ponzi's do. The bad news is that things may become rough for the people for a while.

The only reason the government is responsible for $38 Trillion is that 31 USC §462 gave status of Legal Tender to Federal Reserve Notes in 1933. Previously FRNs were identified as a credit from the FR redeemable in Gold or in Lawful Money. If the legislation involved fraud, it appears that it would be void from its inception and revert to its prior status. It is submitted that a privately owned closely held for-profit corporation is not compatible with requirements for an agency. The Fed has claimed in court to not be an agency but is listed as an agency in the Federal Register.