danger of fractional-reserve banking

Fractional-Reserve Banking Is The Elephant In The Room

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FRACTIONAL-RESERVE BANKING

The expression “elephant in the room“…

“…an important or enormous topic, question, or controversial issue that is obvious or that everyone knows about but no one mentions or wants to discuss because it makes at least some of them uncomfortable or is personally, socially, or politically embarrassing, controversial, inflammatory, or dangerous. (source) 

A wordy definition, yes; but it is applicable to our topic of Fractional-Reserve Banking. After reading the rest of this article, you should be able to see just how important and enormous  Fractional-Reserve Banking is; as well as how dangerous.

Lets’s start with some history.

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Fed-Watching Is Overhyped And Overdone

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FED-WATCHING IS OVERHYPED

If you are one of those who is looking for clues from the Federal Reserve as to the direction of the markets, forget it. You are too late.

Too many people think that the latest Fed minutes will give them some indication of what to expect from the markets. Those same people think that the Fed actually has a strategy and that they are “managing the economy” with the intention of pursuing what is best financially and economically for the country.

Wake up! The Federal Reserve does not exist and operate with the intention of acting in our best interests financially, economically, or in any other way.

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