Now insolvent or now finally coming clean about their insolvency? Fractional reserve banking -aka FRAUD- means that they can NEVER cover the assets they claim to hold should there be a bank run. Bank runs used to let people know who the criminal banks were. Noe the FDIC papers over the crimes with money the depositors ultimately pay for the privilege of being shafted.
Now insolvent or now finally coming clean about their insolvency? Fractional reserve banking -aka FRAUD- means that they can NEVER cover the assets they claim to hold should there be a bank run. Bank runs used to let people know who the criminal banks were. Noe the FDIC papers over the crimes with money the depositors ultimately pay for the privilege of being shafted.
ReplyDeleteWait until he realizes it is 100% of all banks everywhere instead of half on one country.
ReplyDeleteBye Bye Pensions!
ReplyDelete