“It should be clear that modern fractional reserve banking is a shell game, Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by the receipts”–Rothbard

The Mystery of Banking, p. 97, Murray N. Rothbard

SEE:

Book: The Mystery of Banking–Rothbard

 

Why the whole banking system is a scam – Godfrey Bloom MEP–Fractional Reserve Banking

 

Claudio Grass: Fractional Reserve Banking is a Fraud

 

Fractional Reserve Banking–Video

 

Now listen, you rich people, weep and wail because of the misery that is coming on you. Your wealth has rotted, and moths have eaten your clothes. Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. THE MORAL ISSUES OF MONEY

 

 

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