How can any bank be solvent if they all practice fractional reserve lending?
Fractional reserve lending is a gigantic confidence trick that allows banks across the globe to create money out of thin air and charge interest on it. Charging interest on money created out of nothing is a crime known as usury. Incredibly, governments permit it without question and a compliant judiciary accommodates banking fraud in the courts every day of the week.
It's good to be a bank. We've agreed (as voting citizens) to give them special privileges in return for providing a service to us all, and being subject to our rules and overview. In return, they can make a lot of money.
The funny thing is, they are not subject to our rules and overview (the Fed is a perfect example). Governments love fractional reserve banking and especially fiat currency. They allow them to run up huge deficits and pass the costs on to us via inflation. I wouldn't exactly call that a "service".
by SparklingJewel 7 years ago
Blame the Fed for the Financial Crisis ... The Fed fails to grasp that an interest rate is a price, the price of time. Attempting to manipulate that price is as destructive as any other government price control. To know what is wrong with the Federal Reserve, one must first understand the nature of...
by Sam Wickstrom 24 months ago
Will our debt based, fractional reserve banking economy collapse?What do you think? If it will collapse, when(within a decade)?
by AngelTrader 6 years ago
What is Fractional Reserve Banking?Any takers or are you all obsessed with Valentines Day!
by Eugene Hardy 6 years ago
14 Trillion Dollars.That is a lot of debt.If we were a house hold with a $15,000.00 debt that the house must pay, or face bankruptcy, then the house and all it’s members must work to together to do it.It will take more than 20 years probably to pay it off, meaning multiple administrations and...
by Gary Anderson 7 years ago
I bet you didn't know, with the way the banksters treat you, that when you deposit to the bank, it is a LOAN to that bank.You need more respect, after all, they are the borrowers!!!
by Gary Anderson 9 years ago
This guy is or was high up in the Fed. The fed is a PRIVATE bank, despite the lie on their website. The fed is owned by private stock and the US government owns none of that private stock. http://www.frbatlanta.org/publica/eco-r … hriszt.pdf
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