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Fractional Reserve Banking sounds quite innocuous. It is not. The idea is that a bank can take in honest money from people and lend out far more. If the bank is holding $1 billion and paying 3% while lending $10 billion at 6% it is getting rich fast. It is also guilty of de facto forgery. It therefore requires government complicity. Producing money by sleight of hand causes inflation which defrauds honest men by reducing the value of their hard earned pay. There is no way for us to tell the difference between funny money and the real thing. That is why banks will not lend to each other - they know that these bits of paper can turn out to worthless or worse. There are however economists who tell us that it is benign. I am suspicious of them as a class. Milton Friedman is an exception. He talked sense even though he got a Nobel prize. He was a Jew too but a force for good, a mathematician who did important work on proximity fuzes.
Fractional-reserve banking - Wikipedia, the free encyclopedia"Fractional-reserve banking is the banking practice in which banks are required by governments to keep only a fraction of their deposits in reserve (as cash ..."
2. Criticism of fractional-reserve banking - Wikipedia, the free ...
en.wikipedia.org/wiki/Fractional-reserve_banking"Some critics of fractional reserve banking and the related fiat paper monetary system may refer to it by the term debt-based monetary system, ..."
3. Fractional Reserve Banking
en.wikipedia.org/wiki/Debt-based_monetary_system"This sort of swindling or counterfeiting is dignified by the term "fractional- reserve banking," which means that bank deposits are backed by only a small ..."
4. The Truth Will Set You Free: The Origins of Fractional Reserve Banking
www.lewrockwell.com/rothbard/frb.html"That how the fractional-reserve banking works. Because you have pooled you money with many other people, with the complete understanding that you money is ..."
5. Fractional Reserve Banking
wakeupfromyourslumber.blogspot.com/2005/12/origins-of-fractional-reserve-banking.html"Fractional Reserve Banking - Definition of Fractional Reserve Banking on Investopedia - A banking system in which only a fraction of bank deposits are ..."www.investopedia.com/terms/f/fractionalreservebanking.asp
6. A Privatised Money Supply: Modern Banking and the Fractional ..."This is called fractional reserve banking, and it's the greatest scam of all time because it creates debt for no reason other than to enrich the banking ..."
7. Fractional Reserve Banking from a Modern Finance Perspective ...
www.basicincome.com/basic_banks.htm"3 Nov 2008 ... Walter Block, arguing against Bryan, says that fractional reserve banking is fraudulent. There is some chance that when you make your ..."
8. Anti-State.com : The Libertarian Case Against Fractional-Reserve ...
econlog.econlib.org/archives/2008/11/fractional_rese.html"22 Jul 2003 ... Those advocating that fractional-reserve banking be illegal base their ... The first charge brought against fractional-reserve banking is ..."
9. YouTube - 1. Corrupt Banking System - Cartels Robbing the Public
www.anti-state.com/article.php?article_id=416"__Expand to see INDEX__This highly informative and easy to understand film covers just about everything that isn't taught in school regarding the corrupt ..."
10. Fractional Reserve Banking
www.youtube.com/watch?v=cy-fD78zyvI"It presents a more detailed treatment of fractional reserve banking and its relation to the money supply. Reserve Requirements ..."
11. The Volokh Conspiracy - Is fractional reserve banking fraudulent?
wfhummel.cnchost.com/bankreserves.html"Please remember that the loan made in a fractional reserve banking system will be spent and likely appear as deposits in other banks. ..."
12. Fractional Reserve Banking as Economic Parasitism: A Scientific ...
volokh.com/posts/1225805194.shtml"15 Mar 2002 ... From the hypotheses a major (admittedly radical) conclusion is that the modern international ``fractional reserve banking system'' is ..."
13. What is Fractional-Reserve Banking?
129.3.20.41/eprints/mac/papers/0203/0203005.abs"Brief and Straightforward Guide: What is Fractional-Reserve Banking?"
14. A Primer On Fractional Reserve Banking | The Big Picture
www.wisegeek.com/what-is-fractional-reserve-banking.htm"First published in the British humour magazine Punch on April 3, 1957: > Q: What are banks for? A: To make money. Q: For the customers? A:"
15. Fractional-Reserve Banking at its Finest
www.ritholtz.com/blog/2008/12/a-primer-on-fractional-reserve-banking/"29 Jul 2008 ... "TFC is what gets created with the literal push of a button at the Fed, and then deposited into the banks (or into the Fed itself!"
16. Fractional Reserve Banking Blog
www.dailyreckoning.com/Writers/Mogambo/DREssays/MG080708.html"The collapse of Fiat Currencies based on Fractional Reserve Banking will also affect the future, though to a lesser extent than Peak Oil or Climate Change. ..."
17. Article about "Fractional-reserve banking" in the English ...
fractionalreservebanking.net/"24 Jul 2004 ... In economics, particularly in financial economics, fractional-reserve banking is the near-universal practice of banks of retaining only a ..."
18. Fractional Reserve Banking
july.fixedreference.org/en/20040724/wikipedia/Fractional-reserve_banking""fractional-reserve banking," which means that bank deposits are backed by only .... But even with the backing of the Fed, fractional reserve banking proved ..."
19. Exactly how safe is your money now? | Anatole Kaletsky - Times Online
www.futuresfoundation.org.au/documents/wellbeingproject/supporting%20articles/Fractional%20Reserve%20Banking.pdf"15 Sep 2007 ... The author clearly doesn't understand fractional reserve banking. ... Fractional reserve banking is an operation in profiting from faith. ..."
20. Fractional Reserve Banking Revisited
www.timesonline.co.uk/tol/comment/columnists/anatole_kaletsky/article2456695.ece"A new dispute has flared up between protagonists and detractors of fractional reserve banking. This is a welcome development because the burning issues ..."
www.freebuck.com/articles/afekete/040420afekete.html
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Updated on 27/03/2015 14:14