“(…) mainstream economists consider the concept of fiat money as an economically and politically desirable, acceptable, and state-of-the-art institution.”
“Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads to overindebtedness; it corrupts society’s morals; and it will ultimately end in a depression on a grand scale.” Thorsten Polleit
Tag Archives: fractional reserve banking
A Well Informed US Citizen speaks: End the Fractional Reserve Banking System
Occupy Wall Street Protester End the Fed
“OccupyWallStreet protester, Chris Savvinidis, with a spot-on & passionate speech”
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Gary North: Too many Eurozone Summits
“The New World Order is in big trouble.
The European subdivision is visibly coming apart at the seams.”
“The whole banking structure is at the edge of the abyss.”
“the entire international fractional reserve banking system
is coming apart, and it will take more than press releases to hold it together. Behind the scenes, each government is trying to pass on liability to the other governments.”Gary North
Our Banking system: a Pyramid scam of epic proportions
Mike Maloney explains
how currency is created,
“fractional reserve banking,”
and why our banking system
is a pyramid scam of epic proportions.
Michael Maloney: “We Pay Tax for the Privilege to Have Currency” CaseyResearchFAN