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Fractional reserve banking is a scam.

Rothmus 🏴

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92,293 görüntüleme • 5 ay önce •via X (Twitter)

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$🇪🇺 Godfrey Bloom giving a speech at the European Parliament on why fractional reserve banking is a scam 10 years ago. Fractional reserve banking "is a criminal scandal" 👏$

🇪🇺 Godfrey Bloom giving a speech at the European Parliament on why fractional reserve banking is a scam 10 years ago. Fractional reserve banking "is a criminal scandal" 👏

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$Tether gets DOWNGRADED for holding #Bitcoin… in a world where fractional-reserve banks get AAA ratings. "We have a ponzi banking system and everyone's running on fractional reserve and Tether is running a full reserve bank that's easier to use than any other bank."$

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$NEW: Simon Dixon says eliminating fractional reserve banking is a threat to the financial system because it will “break the banking system if you do full reserves.”$

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The federal reserve is a banking cartel.

The federal reserve is a banking cartel.

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$They're not hiding it anymore: Fractional Reserve Banking is a House of Cards The Fed is now printing $40B/month in new money through “reserve management purchases” right after cutting rates. Why? Because fractional reserve banking with ZERO reserve requirements is inherently unstable. From Senate hearing: “The reason why the whole system is always a house of cards and could go under is if everybody wants to get their checking account money, it's not enough money.”' Instead of fixing this structural fraud, the Fed just prints more money, floods the system with liquidity, and destroys the purchasing power of the people. The Dollar Devaluation continues.$

They're not hiding it anymore: Fractional Reserve Banking is a House of Cards The Fed is now printing $40B/month in new money through “reserve management purchases” right after cutting rates. Why? Because fractional reserve banking with ZERO reserve requirements is inherently unstable. From Senate hearing: “The reason why the whole system is always a house of cards and could go under is if everybody wants to get their checking account money, it's not enough money.”' Instead of fixing this structural fraud, the Fed just prints more money, floods the system with liquidity, and destroys the purchasing power of the people. The Dollar Devaluation continues.

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The Federal Reserve is a Private Banking Cartel.

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🚨🚨FEDERAL RESERVE IS A FRAUD 🚨🚨 Banking system is all based on fraud. It's Fractional Reserve Banking creating money out of thin air. They are lending out your checking account not just your savings account. This can cause a bank run. As of March 2020 Banks no longer have to hold a 10% reserve. They hold ZERO RESERVE. FDIC can't cover a mass default. This is where Bail-ins written in the Dodd Frank act come into play. PRIVATISE GAINS, SOCIALIZE LOSSES‼️

🚨🚨FEDERAL RESERVE IS A FRAUD 🚨🚨 Banking system is all based on fraud. It's Fractional Reserve Banking creating money out of thin air. They are lending out your checking account not just your savings account. This can cause a bank run. As of March 2020 Banks no longer have to hold a 10% reserve. They hold ZERO RESERVE. FDIC can't cover a mass default. This is where Bail-ins written in the Dodd Frank act come into play. PRIVATISE GAINS, SOCIALIZE LOSSES‼️

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$A new bill would allow any company — including Elon Musk — to issue fully-backed dollars. It blows a hole in fractional reserve banking. Which is the main driver of inflation. And it obliterates the case for a government-run crypto -- a CBDC.$

A new bill would allow any company — including Elon Musk — to issue fully-backed dollars. It blows a hole in fractional reserve banking. Which is the main driver of inflation. And it obliterates the case for a government-run crypto -- a CBDC.

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Fractional reserve banking = your money isn’t really there. And when it collapses? YOU bail it out through inflation and taxes. Balance the budget. End the bailouts. Audit the Fed.

Fractional reserve banking = your money isn’t really there. And when it collapses? YOU bail it out through inflation and taxes. Balance the budget. End the bailouts. Audit the Fed.

Rand Paul

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📣📣FRAUD EVERYWHERE BANKING, TRADING, PROPERTY TAX 🚨🚨 The entire system is built on fraud. Same players, same game no protection. Without moral hazard consequences for their actions. Why would they stop. The banking system is so fraudulent. Fractional Reserve Banking This is where banks create money out of thin air. Since March 2020 they don't even need to hold the 10% reserve. So now it's Fractional Banking 🤦‍♀️ Now we see a meltdown in Private Equity it's exactly the same thing as a bank run. Trust in the system is gone and it isn't coming back. The one thing that always happens is they transfer the liabilities to main street. Privatize the gains, socialize the losses. HUGE FIRES EVERYWHERE 🔥🔥🔥

📣📣FRAUD EVERYWHERE BANKING, TRADING, PROPERTY TAX 🚨🚨 The entire system is built on fraud. Same players, same game no protection. Without moral hazard consequences for their actions. Why would they stop. The banking system is so fraudulent. Fractional Reserve Banking This is where banks create money out of thin air. Since March 2020 they don't even need to hold the 10% reserve. So now it's Fractional Banking 🤦‍♀️ Now we see a meltdown in Private Equity it's exactly the same thing as a bank run. Trust in the system is gone and it isn't coming back. The one thing that always happens is they transfer the liabilities to main street. Privatize the gains, socialize the losses. HUGE FIRES EVERYWHERE 🔥🔥🔥

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$How fractional reserve takes joyrides with your life savings$

How fractional reserve takes joyrides with your life savings

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Andrew Tate explains why traditional banking and fiat money is a SCAM:

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$🚨🚨BANKS ARE IN TROUBLE 🚨🚨 223 TRILLION hidden risk in US banks that is known 🤔 Banks creating money out of thin air FRACTIONAL RESERVE BANKING NOW THEY DON'T EVEN NEED TO HOLD 10% "Federal Reserve reduced reserve requirements to 0% in March 2020 in response to the economic effects of the pandemic." Reserve requirements have remained at 0% since March 2020 "10% reserve requirement is a fractional reserve banking system rule where banks must hold 10% of customer deposits and can lend out the remaining 90%. This process allows banks to "create" money by lending out the 90%, which is then deposited into other banks, where 90% of that new deposit can be lent out again. This "money multiplier" effect expands the total money supply in the economy." WHAT COULD GO WRONG HOW BIG IS THE PROBLEM REALLY ❓️❓️🤔$

🚨🚨BANKS ARE IN TROUBLE 🚨🚨 223 TRILLION hidden risk in US banks that is known 🤔 Banks creating money out of thin air FRACTIONAL RESERVE BANKING NOW THEY DON'T EVEN NEED TO HOLD 10% "Federal Reserve reduced reserve requirements to 0% in March 2020 in response to the economic effects of the pandemic." Reserve requirements have remained at 0% since March 2020 "10% reserve requirement is a fractional reserve banking system rule where banks must hold 10% of customer deposits and can lend out the remaining 90%. This process allows banks to "create" money by lending out the 90%, which is then deposited into other banks, where 90% of that new deposit can be lent out again. This "money multiplier" effect expands the total money supply in the economy." WHAT COULD GO WRONG HOW BIG IS THE PROBLEM REALLY ❓️❓️🤔

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$Banks face an existential threat to fractional reserve banking that pays 4% interest. While banks keep just 10 cents in the vault and pay 0.1% interest. Republicans in Congress, naturally, want to ban it.$

Banks face an existential threat to fractional reserve banking that pays 4% interest. While banks keep just 10 cents in the vault and pay 0.1% interest. Republicans in Congress, naturally, want to ban it.

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