- The cost of Fractional Reserve Banking.
- The need for a Business Cycle / Recession
- Credit growth drives the monetary growth.
- The multiplier effect of Fractional Reserve Banking.
Fractional-reserve banking is the banking practice in which banks keep only a fraction of their deposits in reserve (as cash and other highly liquid assets) and lend out the remainder, while maintaining the simultaneous obligation to redeem all deposits immediately upon demand.
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Videos on how banks work and how money is created, the workings of central banks and their effects on the money supply, inflation and/or deflation.
http://www.youtube.com/view_play_list?p=CECDA315A8848B99&page=1
Karl Denninger – The Market Ticker
http://market-ticker.org/
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Duration : 0:5:44
How to deal with Credit Card Debt. Collection agency will be after you. Action: 1. Read Fair Debt Collection Practices Act. Know your rights. Do not blow 30 day window to dispute the debt (validate it). Download letter sample at http://www.awakeningblog.com/books.html
Part 1
Part 1
Congressman Alan Grayson discusses how AIG went under. Yes, there were bad credit default swaps involved, but that does not explain the extent of the greed.