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Loans are fine without fractional reserve banking. It's when they magick money out of thin air that I have a problem with it. If I did the same thing the banks are doing they'd throw me in jail.
Whenwe do it its called "counterfeiting" when banks dk fractional reserve its just "how it works". Fucking jews.
its actually way worse with fractional reserve than you think. there is something called paper gold, it is the exact same thing as a fiat currency except with gold. they say there is gold there but the ratio of paper gold to real gold isnt controlled/regulated once so ever so they can print as much as they want and stupid investors believe they own the physical gold, if they got a run on gold 99% of investors would not have the asset they believe they own
There is "paper silver" too.
If you don't have the lump of metal in your possession, it's paper.
Pretty sure they call that private investing. Because that would mean people investing in each other which would really be the best for society.
If people were untrustworthy people wouldn't invest in them. Also the hood nogs could invest in each other legally through the bank.
At least theoretically.
Yet another problem with banks, the FDIC insuring of depositors. If people actually took on the risk of each bank, they would shop more carefully and rein in their risky practices. Each bank's money would be worth different based on how risky they were.
Lol have you seen what is happening to blockfi? https://finance.yahoo.com/news/blockfi-says-vermont-joined-ranks-045352944.html
It's a total "OY VEY SHUT IT DOWN!" situation over there.
Loans, yes. Usury, no.
The lolbert vivaciously patches the cracks in his ideological foundation
Good place to learn about fractional reserve banking?
Read The Creature From Jekyll Island
Mike Maloney on Youtube.
Hes a silver peddler but has good info about fractional reserve lending.
Fun Fact: under Trump and Covid, FRL was changed so that banks no longer need to hold even 10%. They can loan money with no reserves. Its one of a couple ways money is created.
If the jews didn't fuck around, how should money operate?
Thank you very much. So in basically every country there is a "federal reserve" that is owned by the jews or what is that bank referred to?
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