Is fractional Reserve Banking a great big ponzi scheme that most people cannot figure out?
Posted on November 9th, 2009 by admin
Banking
In the old days Fractional Reserve Banking was viewed as a ponzi scheme so the goldsmith of the time learn to keep it a secret. Today most people dont know what it is but the banks still practice it. Why is it allowed as normal bank practice? and what are the pros and cons of fractional reserve banking?
In the old days Fractional Reserve Banking was viewed as a ponzi scheme so the goldsmith of the time learn to keep it a secret. Today most people dont know what it is but the banks still practice it. Why is it allowed as normal bank practice? and what are the pros and cons of fractional reserve banking?
Filed under: Law & Ethics
Web Hosting
It’s a huge scam. But 99% of people have no idea where our money comes from or how the banks work.
New York City Job Listings
social security is a big ponzi scheme…thats why they say itll run out.