@Katrina_Fights@freeatlantis.com
MEMORY LANE | #Monetary_Policy: #Money_Creation in a #Fractional_Reserve_Banking System |
The NEW #FAITH SYSTEM? |
In this video we illustrate the #process by which #money is #created in a fractional reserve banking system.
Due to the fact that at #any #given_time a bank must only keep a certain #percentage of its total #deposits on #reserve, an #initial_deposit of a certain amount of money will be #multiplied as the #bank_loans_out any excess reserves, whose spending leads to further new deposits and even further loans in the economy.
@Katrina_Fights@freeatlantis.com
MEMORY LANE | #Central_Banks, #Fractional_Reserve_Banking and #Fiat_Money |
Gregor Hochreiter, Author of "Krankes Geld, Kranke Welt", and James Turk, Director of the GoldMoney Foundation, talk about the 3 elements that make our #current #monetary_system so #unstable and #credit creation so #out_of_control.
They explain that fiat money, fractional reserve banking and central banking are the #three basic #enablers of #inflation.
Gregor explains that without fractional reserve banking, central banks would be #unnecessary to #backstop the banking system.
He mentions Jesus Huerta de Soto's "Money, bank credit and economic cycles".
This interview was recorded on September 30th 2011 in #Vienna.
@Katrina_Fights@freeatlantis.com
#International_Tech_News | #BIG_TECH | #FLASH_CRASHES Explained | How #Bots, #Algorithms & #High_Frequency_Trading Could CRASH Stock Markets. #REPOST from 11/03/19 | STOCK MARKET CRASH | Keep an eye on the #SecretSauce! | How #Bots, #Algorithms & #HighFrequencyTrading Could Crash Stock Markets | #MONEYPERFORMANCE SHOULD NEVER BE #GUIDED BY #ALGORITHMIC_BOTS!
