Re-posted: Fractional Reserve Banking–Video

Fractional Reserve Banking–Video

SEE:

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

 

“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

 

 

“Thus, fractional reserve banking is at one and the same time fraudulent and inflationary…”-Rothbard

 

Promises to pay on demand in excess of the amount of goods…is simply fraud…[fractional reserve banking]-Rothbard

 

Bob Explains the Highlights of His New QJAE Article on Fractional Reserve Banking-The Bob Murphy Show