The American Dream
Part I
Two main characters: Pile and Hartman
Before watching the extract, look up these words in the dictionary:
a loan
cock-a-doodle-doo
foreclosed
monies
an exhibit
ergo
debt
a stockholder
how come
to run low of money
The American Dream
Part II
What does the bank do?
What is Pile’s dream based on?
Where did Pile and Hartman meet?
What kind of car is Hartman’s?
What is Hartman’s goal?
There are two queues in the 1st National bank. What do they correspond to?
What is the problem with the second queue?
What is the only way banks make money?
How can banks still give money when they don’t have any?
In other words, where did Pile’s come from?
How do banks make money?
What did they call that money?
The bankers loan to everyone in town, but to make more money, they have to loan even more. How do they do it?
If Pile got this money from the bank, and the bank got it from the Federal Reserve dump trucks, then where does the Federal Reserve get the money from?
Who is allowed inside the Fed?
Is the government allowed inside its own building? Why?
Does the Federal Reserve give the banks money?
If the Fed is a private bank, where do they get their money from?
In other words, who puts money into the Fed bank in order to keep making loans and keep the money flowing? How?
What is the problem with that?
Who is supposed to create U.S. money?
But now who controls the printing of America’s money?
What do they charge the government?
Then who does the government tax to pay for it?
the U.S. MINT → the Federal Reserve → 1st National bank → banks → customers