How do banks do what they do? Fractional reserve banking says for every $100 you loan out, you have to have $10 in the bank to cover it. The bank takes the $100 you give, and they create money where there is no money; selling the debt. We struggle our whole lives trying to keep up the ponzi schemes we’re served up.
A “note” means you owe somebody something. There’s nothing redeemable for it. How does the paper become what it once promised to pay?
Today’s show covers a variety of issues related to the value of silver and gold, the debt load each of us carry, and more… It also highlights what the Bible says about money.
Pass the Salt!
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