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Posted 4/15/2019 21:22 (#7441666 - in reply to #7441607)
Subject: RE: all I can say is WOW.......

IN555 - 4/15/2019 21:07

Fractional-reserve banking is the current form of banking practiced in most countries worldwide.[2]
From the first paragraph from my link

Wikipedia is wrong on that. The guy who wrote that probably doesn't understand functional finance. His CV is on wikipedia also. I see he was a FED governor who quit in the middle of the financial crises. He was probably one of the guys who think QE is money printing that will cause inflation. Political appointees and academics don't understand what system we are operating under. Watch those videos to learn how the banking system works.
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