Fractional Reserve Banking

The Ultimate Regulatory Reform: Abolish Fractional Reserve Banking!

"With his selection of crony capitalists and members of Goldman Sachs to his economic team, it is apparent that President Trump does not understand the true nature of the nation’s financial woes or what precipitated the last financial crisis... If he did, his next Executive Order would be to implement steps and procedures to eliminate the scourge of fractional reserve banking forever."

Deflation, Easy Money, And The Boom-Bust Cycle

Contrary to the popular view, in this situation the more money the Fed pushes into the economy the worse the economic conditions become. The reason for this is that more money only weakens the wealth generating process by stimulating non-productive consumption (consumption that is not preceded by the production of real wealth).

Panic! Like It’s 1837

180 years ago today, everyone panicked. On May 10, 1837, New York banks finally realized that the easy money they were lending was unsustainable, and demanded payment in “specie,” or hard money like gold and silver coin. They had previously been accepting paper currency that for every $5 was backed by only $1 in silver or gold.

In Today's Fiat Money Financial System, 'The House' Always Wins

Perhaps the rules of the game have always favored the bankers.  Loaning out deposits at a higher interest rate than the yield paid is cornerstone to fractional reserve banking.  However, the extreme maltreatment of individual depositors and borrowers that has persisted following the 2008 credit crisis is a downright disgrace. 

The Banking Industry Treats Its Customers Worse Than United Airlines

Last week the Internet was ablaze with disgust after a man was physically dragged off a United Airlines flight. What’s amazing, though, is that there are countless cases of another industry abusing its customers in far, far worse ways than the airlines.

America's March To Default

Somehow, through all of this, our representatives are oblivious to what’s really going on; that the U.S. government is just months away from a possible default...

The "Sinister" Side Of Central Bank-Issued Digital Currency

Central banks and international financial institutions represent? - ?and work for? - ?creditors first and people second. That is why they can be serially wrong with so little direct consequence. This is the backdrop against which we are invited to trust the banking system with central bank-issued digital currency.

Will Donald Trump Reverse The War On Cash?

"The War on Cash is a mortal threat to individual and economic liberty. I think its advocates are clearly sociopaths and enemies of the common man. Unfortunately, I don’t see the war slowing down. I see it heating up."

When The Rich Become Preppers, It's Time To Worry

The message here is clear enough: The wealthy have caught onto the idea that the probability of a major social disruption is high enough to merit serious action. Prepping is now becoming “a thing.”