Loading ...is the Fractional Reserve Banking System.Based on a 10 % deposit we carry 90% DEBT ,and we have maxed out the debt we carry ! If the interest rate on that debt is 10 % YOU ARE BUSTED ! Add in some derivative debt thats “off the Books” and you are living on “Cash Flow”.
Thats why interest rates are near zero,anything higher can’t be paid without defaulting. It takes about 55 years from start to get to where we are today history shows us.The default will come,its a mathematical certainty unless the laws and rules of banking are abolished and then a Totol wipe out will occur via hyper inflation or military take over like Zimbabwe I love to tell people “you do the Math”,because I know they can’t .It makes their heads hurt .They think if only they could find the right words all will be ok. Why not just substitute the word “debt” for asset and all will be ok. They think in terms of words ,that’s why “talking Heads” influence them so much.I have in front of me a 100 billion “Special AGRO-CHEQUE” issued in 2008 given to me by my son.Payable on Demand from the “RESERVE BANK of ZIMBABWE”…I wonder what their “reserves” consist of ? I believe its the same country that used to be called Rhodesia ,a Country that used to EXPORT FOOD ,but no MORE since they drove out the Colonialists and went Native and Politically correct !.My Zimbawe Note has a beautiful picture of multiple Grain Storage bins presumably from days long past since they IMPORT Food now ! They are so proud of their past that is now fiction.
Now they just print Paper and I believe my 100 billion Note is now in the Trillions.But they endure with their politically correct Government. Maybe we will too as soon as a 100 Trillion Dollar FRN is issued !