A major problem mentioned throughout this series is the fractional reserve principle that the current private banking system operates in, that has monopolized the control of credit in the economy.
This is retards fascinated by learning what is taught in every high school.
No, fractional reserve banking isn't a scam, and it isn't being exposed.
>>975657
>it isn't a scam, and it isn't being exposed, so there!
lol this goy
>>975600
>A company which also refuses to reveal the name of its owners
Literally what? The stockholders of each branch bank are the MEMBER banks. I seriously don't know what you conspiracytards are on about this time.
What will this say in a year when the FFR is about 4%, since the 0% interest rate is apparently proof of conspiracy?
>"Middle man"
>>976169
>>976432
>>976437
/pol/'s ability to completely forget about every single one of their massively failed prophesies and still shout "/pol/ is always right!" is uncanny.
>>976560
Even though the market just went through a correction around that time.
Tell me the advantages of full reserve banking
>>976560
Naw, they were just joking.
>my face when people took /pol/ seriously when they said Ebola was going to end the world
>>976849
Also, in case there's someone who didn't understand, I was sarcastic. They got super overconfident when stated the obvious about Zimmerman.
>>975600
This is basic banking and it has been around for centuries.
It is tied to the default rates of loans.
Bank can loan 9 dollars for every 1$ in reserve.
http://www.federalreserve.gov/DataDownload/Chart.aspx?rel=CP&series=593ce926936cbd64b3c79b960a792b85&lastObs=520&from=&to=&filetype=csv&label=include&layout=seriescolumn&pp=Download&names={CP/RATES/RIFSPPNAAD01_N.B,CP/RATES/RIFSPPNA2P2D01_N.B,CP/RATES/RIFSPPFAAD01_N.B,CP/RATES/RIFSPPAAAD01_N.B}
We're all fine on that front currently but if it creeps to .8 Have some fingers on the sell button. correction is immanent.
>>975600
Except without credit from banking, growth would come to a standstill. The economy would be destroyed overnight.
>Federal Reserve is a privately controlled business
Oh boy, why did I even bother replying to OP.
