We typically pay for the major purchases we make with credit through other banking institutions. While debt is the outcome for the individual, credit expansion is the much deeper problem with banking. This creates a problem for everyone because of fractional reserve banking. Traditional banks lend more than what is on deposit with them, and… Continue reading The Problem with Banking
Tag: fractional reserve
5 SECRETS the MEGA-Banks Don’t Want You to Know
5 SECRETS the MEGA-Banks Don’t Want You to Know The Mega Banks don’t want you to know their dirty little secrets. They disregard regulations meant to curb risk, blaming such for hurting capital markets and discouraging lending. Meanwhile they lobby for regulations to give them even more power. “It is well enough that people of… Continue reading 5 SECRETS the MEGA-Banks Don’t Want You to Know