Fractional Reserve Lending Explained - 07/16/12

The Wake Up Call show

Summary: Learning why this banking technique which “creates” money out of nowhere is doomed to fail. Mathematically, it cannot work in the long run. It is the ultimate Ponzi scheme. It is legal when carried out by accredited banks, illegal if you and I try to do the very same thing. Guess who benefits… A quick study of some of the worst-hit cities in the United States. The patterns are identical: breakdown of social services, loss of employment, inner city decay, gang violence, civic overspending, death of manufacturing, soaring crime and murder. It is a trend which is spreading throughout the nation. It will become much worse. There is no solution