---
title: 'Your Money Is Not Yours'
source: 'https://youtube.com/watch?v=FlWottNxWO4'
video_id: 'FlWottNxWO4'
date: 2026-10-23
duration_sec: 80
channel: 'Andrei Jikh'
---

# Your Money Is Not Yours

> Source: [Your Money Is Not Yours](https://youtube.com/watch?v=FlWottNxWO4)

## Summary

This video explains how the US Federal Reserve system and fractional reserve banking allow banks to lend out most of the money deposited by customers, effectively controlling the money supply. It traces the origins of the Fed to a secret 1910 meeting of bankers and notes that the reserve requirement has been lowered to 0%.

### Key Points

- **Credit as Evolution of Power** [00:02] — The video claims that credit was the evolution of power and that it still dominates not just the US but the entire world.
- **Secret Origin of the Federal Reserve** [00:14] — In November 1910, a secret group of US bankers aimed to create the Federal Reserve Act to control the supply of America's money.
- **Fractional Reserve Banking Explained** [00:27] — If you deposit $100, the bank can lend out up to $90, keeping $10 as vault cash. Your account still shows $100, but the bank has created an additional $90 to lend.
- **Money Multiplication Effect** [00:41] — When someone borrows that $90 and spends it, the recipient deposits it in their bank, which can then lend out 90% of that amount, multiplying the money supply.
- **Zero Reserve Requirement** [01:11] — The Fed has lowered the reserve requirement to 0%, meaning banks can lend out the maximum amount of everything deposited under the Fed's guidance.

## Transcript

power, then credit was the evolution of it. And it still hugely owns not just the US, but the entire world. In November 1910, a secret group of US bankers, their goal was to create the Federal Reserve Act in order to control
the supply of America's money. The Fed is owned by the smaller commercial US banks. And all of them were given the superpower to do what's called fractional reserve banking. Let's say you deposit $100 with your bank. Now,
that bank can loan up to $90 of your money to someone else. The other $10 is reserved for you in case you need it. That's called vault cash. Now, your bank account will still show you having $100. But on the bank side, though, that $100
deposit just created another $90 for the bank to lend out. Now, let's say someone borrows that $90 of technically your money. And then they pay someone for something that they bought. Then that person goes to deposit their $90 with
their bank and that bank also gets to do the exact same thing and lend out 90% of it. Now believe it or not, that's how and now the Fed has lowered the reserve requirement to 0%. Meaning they can lend out the maximum amount of everything you
deposit under the Fed's guidance. If a handful of banks get to decide who creates dollars and how many of them, then that's one way to own a