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The Fraud Inherent in Fractional Reserve Banking
The Fraud Inherent in Fractional Reserve Banking “Our current banking system is not free market capitalism.” Suppose you bring a fur coat to a dry cleaner and later discover that the owner allowed his wife to wear it before cleaning it (an episode from Seinfeld). Or suppose you gave your car keys to a hotel valet […]
Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse
Unsound Banking: Why Most of the World’s Banks Are Headed for Collapse You’re likely thinking that a discussion of “sound banking” will be a bit boring. Well, banking should be boring. And we’re sure officials at central banks all over the world today—many of whom have trouble sleeping—wish it were. This brief article will explain […]
The “Barbarous Relic” Helped Enable a World More Civilized than Today’s
The “Barbarous Relic” Helped Enable a World More Civilized than Today’s One of history’s greatest ironies is that gold detractors refer to the metal as the barbarous relic. In fact, the abandonment of gold has put civilization as we know it at risk of extinction. The gold coin standard that had served Western economies so […]
A History of Inflationary Money: From 1844 to Nixon
A History of Inflationary Money: From 1844 to Nixon So that we can understand the financial and banking challenges ahead of us, this article provides an historical and technical background. But we must first get an important definition right, and that is the cause of the periodic cycle of boom and bust. The cycle of […]
How Fractional Reserve Banking Contributes to Increases in Money Supply
HOW FRACTIONAL RESERVE BANKING CONTRIBUTES TO INCREASES IN MONEY SUPPLY Some commentators consider fractional reserve banking as a major vehicle for the expansion in the money supply growth rate. What is the nature of this vehicle? We suggest that fractional reserve banking arises because banks legally are permitted to use money placed with them in […]
Don’t Get Distracted By The Trump/Fed Soap Opera – The Crash Will Continue
Don’t Get Distracted By The Trump/Fed Soap Opera – The Crash Will Continue At the beginning of 2018 I wrote extensively on what was likely to happen under the administration of Jerome Powell, the new Federal Reserve Chairman. In my article ‘New Fed Chairman Will Trigger A Historic Stock Market Crash In 2018‘, published in […]
Warren Buffett Explains Bubbles: But He Doesn’t Know We Are In One
Warren Buffett Explains Bubbles: But He Doesn’t Know We Are In One Buffet explains bubbles: “People see neighbors ‘dumber than they are’ getting rich.” Warren Buffett explains Why Bubbles Happen Buffett was asked by CNBC’s Andrew Ross Sorkin if he is worried another crisis will happen again. “Well there will be one sometime,” Buffett said […]
The Degrading Facts of a Fake Money Hole in the Head
The Degrading Facts of a Fake Money Hole in the Head Squishy Fact Finding Mission Today we begin with the facts. But not just the facts; the facts of the facts. We want to better understand just what it is that is provoking today’s ludicrous world. To clarify, we are not after the cold hard […]
The Economic Benefits of Ending the Fraud of Fractional Reserve Banking
The Economic Benefits of Ending the Fraud of Fractional Reserve Banking Fractional reserve banking (FRB) is fraudulent. It should be prosecuted as a crime rather than accepted as normal practice under current banking laws. Any society that respects property rights and the rule of law would not allow it. For those unfamiliar with the term […]
The Downright Sinister Rearrangement of Riches
The Downright Sinister Rearrangement of Riches Simple Classifications Let’s begin with facts. Cold hard unadorned facts. Water boils at 212 degrees Fahrenheit at standard atmospheric pressure. Squaring the circle using a compass and straightedge is impossible. The sun is a star. The sun is not just a star, it is a benevolent star. Look, it […]
Stabbing With Their Steely Knives, They Just Can’t Kill the Beast
Stabbing With Their Steely Knives, They Just Can’t Kill the Beast You were blameless in your ways from the day you were created till wickedness was found in you. Through your widespread trade you were filled with violence, and you sinned. So I drove you in disgrace from the mount of God, and I expelled […]
A History of Fractional Reserve Banking–Or Why Interest Rates Are the Most Important Influence on Stock Market Valuations? Part 1
A HISTORY OF FRACTIONAL RESERVE BANKING – OR WHY INTEREST RATES ARE THE MOST IMPORTANT INFLUENCE ON STOCK MARKET VALUATIONS? PART 1 William Hogarth – The South Sea Bubble The South Sea Company was founded in 1711. The company was part of the treaty during the War of Spanish Succession, which was traded in return […]
You are currently living through the dumbest monetary experimental end game in history (including Havenstein and Gono’s)
You are currently living through the dumbest monetary experimental end game in history (including Havenstein and Gono’s) We have seen several explanations for the financial crisis and its lingering effects depressing our global economy in its aftermath. Some are plain stupid, such as greed for some reason suddenly overwhelmed people working within finance, as if […]
