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| RATIOS & INDEXES |
| Gold / Silver | 63.32 |
| Gold / Oil | 13.72 |
| Dowjones / Gold | 11.25 |
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 | Articles related to fractional reserve banking |  |
| |
| Aubie Baltin |
| The Biggest Risk Is The One That Was Not Perceived To Exist |
| "The wicked encourage and give themselves a license
to commit all manner of transgressions, seeing that the fruit which
injustice yields is soon ripe, and offers itself easily to the
gatherer’s hand: Whereas punishment comes later, lagging long behind the
pleasure of enjoyment."
-Plutarch
THE BIGGEST RISK IS THE ONE THAT
WAS NOT PERCEIVED TO EXISTMonday, June 17, 2013 |
|
 | Frank Shostak |
How Much Money should there be ?  |
| Most economists believe that a growing economy requires a growing money stock, on grounds that growth gives rise to a greater demand for money which must be accommodated. Failing to do so, it is maintained, will lead to a decline in the prices of goods and services, which in turn will destabilize the economy and lead to an economic recession-or, even worse, depressionFriday, June 14, 2013 |
|
 | Thorsten Polleit |
 The Fiasco of Fiat Money |
| I. Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.
Fiat money is inflationary; it benefits a few at the expense of many others; it causes boom-and-bust cycles; it leads tooverindebtedness; it corrupts society's morals; and it will ultimately end in a depression on a grand scale.Thursday, June 13, 2013 |
|
 | George F. Smith - Barbarous Relic |
The Pope joins the chorus in blaming free markets  |
| On Thursday, May 16 Pope Francis delivered a short speech on economics and finance, blaming the “cult of money” for the millions of people suffering in poverty. He addressed the New Non-Resident Ambassadors to the Holy See, calling for “financial reform along ethical lines.”He describes the problem thusly,
While the income of a minority is increasing exponentially, that of the majority is crumbling. This imbalance results from ideologies which uphold the absolute autonomy of markets and financTuesday, June 04, 2013 |
|
 | Jeffrey Lewis |
| Silver Mining, Sentiment and the Confidence Game |
| In terms of silver’s investment demand, the bullish metric at Sentimenttrader.com is currently at 39 percent. This is a low point that has not been seen since the mid-1990's.Furthermore, The Hulbert Gold Stock Newsletter Index or HGNSI recently fell to a new low of 43.8 percent, which is a record by a longshot. What that low reading indicates is that, of the stock newsletters that include coverage of mining stocks, 43.8 percent of them are now recommending short positions in gold stocks.If theseMonday, May 27, 2013 |
|
 | Jesse - Le Café Américain |
| As a Reminder, the Fed Is NOT Printing Money |
| “So that the question is: Would there be any advantage, at this particular stage, in going back to the gold standard? And the answer is: I don't think so, because we're acting as though we were there.
So I think central banking, I believe, has learned the dangers of fiat money, and I think, as a consequence of that, we've behaved as though there are, indeed, real reserves underneath the system."
Alan Greenspan, 20 July 2005
Yes that's right. The Fed is NOT printing money.
It is 'retiring Thursday, May 16, 2013 |
|
 | Mike Hewitt - Dollar Daze |
| America's Forgotten War Against the Central Banks |
| In order to pay debts incurred from the Seven Years War with France, King George III of England sought to heavily tax the colonies in America. In 1742, the British Resumption Act required that taxes and other debts be paid in gold.Friday, May 10, 2013 |
|
 | Mish - Global Economic Analysis |
 UKIP's Godfrey Bloom Blasts Fractional Reserve Lending as Fraud; Says Central Bankers Should be Trie |
| Here are a pair of interesting You-Tube videos on fractional reserve lending sent by reader Magnus who lives in Sweden.
Godfrey Bloom Blasts Fractional Reserve Lending as Fraud
"The problem that we have is a flawed banking system, a fractional reserve banking system where bankers can lend money they don't have. If you go back in time in the United States to the 1850s, that was a capital offense. You could hang for that."
Link if video does not play: Money-Printing Scam - Godfrey Bloom MEPTuesday, May 07, 2013 |
|
 | Jon Matonis - The Monetary Future |
| Bitcoin Pros to Talk Merchant Acquisition, Banking Opportunities |
| With bitcoin in the media spotlight, everyone seems to have an
opinion on the price. Few recognize the profound implications of
decentralized money for the monetary system, society and government –
not to mention the emerging business opportunities.
The timing could not be better for the inaugural conference of the newly-Sunday, April 28, 2013 |
|
 | Edwin Vieira - GATA |
| Silver and Gold Guarantee Freedom |
| Silver and gold are not merely valuable commodities, investments, and media of exchange. More importantly, they are key "checks and balances" in America's legal and political institutions.
The fight against the use of silver and gold as money that has been waged by bankers and rogue politicians since the 1870s as to silver and the 1930s as to gold -- and will intensify as fiat currencies collapse throughout the world -- is ultimately directed against America's national independence, her constitutional government, and every common American's individual liberty and prosperity.Monday, April 22, 2013 |
|
| Peter Souleles |
| Don't Sell Your Gold Until? |
| To me, at least, times are fascinating as much as they are disturbing. The
take down we have seen in gold and silver beginning on Friday and still
continuing on Monday is breathtaking. I like many others believe that the
takedown was orchestrated and initiated by those who have brought the world
to its knees but that after a certain point a whole lot of other factors,
whether they be fear, sentiment or computers also contributed to the
continuing slide. Precious metals haMonday, April 22, 2013 |
|
 | Nick Barisheff - BMS Group |
| The Gold Takedown: Another Glimpse into the Central Banking Matrix |
| Three weeks ago, the investing public was awarded a brief glimpse into the mysterious world of central banking through events in Cyprus. Despite the official assurances by IMF head ChristineLagarde that this was an anomaly, a one-time expropriation of investor savings, it is now clear that the situation is far more serious than originally acknowledged and that the Cyprus style "bail-in" will likely be used as a template for other distressed banks.Tuesday, April 16, 2013 |
|
 | David Petch - Treasure Chest |
| The Confidence Game |
| Last night I was staring at a computer screen with numerous bullet points
for this article and was wondering how to weave them together and what to call
it. After sleeping on it, the perfect title for this came to me..."The Confidence
Game". In human psychology, there are many different levels of human emotion
or behaviour, from which other forms of behaviours stem. This might seem like
a pointless exercise, but follow the flow chart below with a background thought
about relating thiWednesday, April 10, 2013 |
|
 | Doug Casey - Casey Research |
| All Banks Are Bankrupt |
| (Interviewed by Louis James, Editor, International Speculator)
L: Doug, there is considerable disagreement over the significance of the Cyprus crisis. A lot of people are saying that it's just a flash in the pan; Cyprus is a small country, far off, and doesn't really matter. Other people are saying it's very significant.Friday, April 05, 2013 |
|
 | Peter Schiff - Euro Pacific Capital |
| Cypriots In The Streets |
| The news of the month comes from the large Mediterranean island of Cyprus, where Keynesian economic planning left the economy facing complete bankruptcy. The result was an unprecedented step forward in the financial collapse of the West: direct forfeiture of bank deposits. Despite official protestations to the contrary, this fallout will spread to a bank near you.A Crystal BallThe recent history of Cyprus is a microcosm of the story of all Western nation-states. Under a comprehensive entitlementWednesday, April 03, 2013 |
|
| Peter Souleles |
| A Message To the Bottom 90% |
| Has anyone ever
wondered why no insurance company is game enough to insure bank deposits
and nuclear power plants?
The answer is simple, no premium (as Chernobyl, Fukushima and Cyprus have
proven) would be great enough to make it a profitable policy for the
insurer. And even if there could be a profitable policy, it would not be
affordable to either the industry or the consumer.
This implies that both banks and nuclear power plants are inherently
Wednesday, April 03, 2013 |
|
 | Ron Paul |
| The Great Cyprus Bank Robbery |
| The dramatic recent events in Cyprus have highlighted the fundamental weakness
in the European banking system and the extreme fragility of fractional reserve
banking. Cypriot banks invested heavily in Greek sovereign debt, and last
summer's Greek debt restructuring resulted in losses equivalent to more than
25 percent of Cyprus' GDP. These banks then took their bad investments to
the government, demanding a bailout from an already beleaguered Cypriot treasury.
The government ofTuesday, April 02, 2013 |
|
| George F. Smith - Barbarous Relic |
| In counterfeiting we trust |
| If there is one central myth supporting the folly that passes for monetary policy and by extension fiscal policy, it would have to be the unchallenged assumption that money should be defined and controlled by government. Given the role of money in the economy - that it is one-half of virtually every transaction - nothing has been more destructive to the well-being of most people than the government’s usurpation of money from the market.Money was once the most marketable commodity (Ludwig von MiMonday, April 01, 2013 |
|
| Mish - Global Economic Analysis |
| Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons |
| The first rule of panic is simple: "Panic before everyone else does." With that rule in mind, the pertinent question at hand is also simple: "Should I panic now?"
For those in Europe, I offer an emphatic "Yes!" One is foolish at best to keep more than 100,000 euros in any European bank, especially any Southern European banks.
There is a clear and obvious "Rational Reason to Panic".
By "panic" I mean get your money out now, while you can, before everyone else does.
I am not the only one who tFriday, March 29, 2013 |
|
| Peter Souleles |
| I Rest My Case |
| "Instead of just letting shareholders in entities
such as General Motors taking direct hits, they should also let
depositors take a percentage hit on their savings as well. If losses are
not flushed out of the system then no lasting improvement can be
expected. Telling people that their savings are safe and guaranteed but
then lumping bank losses and failures onto the public purse is a
circuitous subterfuge that breathes life into a monster ratherThursday, March 28, 2013 |
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