Wonderful. Fraud should be illegal. And I'd love for fraudsters to repent. It's hard to repent of wrongdoing that we don't recognize as such, though, and this form of fraud hasn't often been recognized as such in modern history. But it should be.

I heard about this a week ago. It is a complicated issue. As long as the State is in the picture we will never get to an honest system ... however, for those paying attention there may be significant profit opportunities here.

Most monetary problems are derived from the fact people don't have a bailment right (right as a warehoused good) to their money when deposited in a bank.

When i lived in Berlin, Germany i went to using cash and loved it, but they do take credit cards and was told they useably take cash.and was ok with that, but here in the US i am able to fund my gold account with a credit card into prepaid Master Card and thats fine to.

“Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority; still more when you superadd the tendency of the certainty of corruption by authority.” Lord Acton

Full Reserve Banking is when you deposit money at the bank, the bank has no right to lend it. It has only been tried once, Bank of Amsterdam which led to the Dutch Golden Age (think of all those paintings). America did not grow from bank loaning and FRB, but despite of it. FRB only leads to panics and depressions when the rich and bankers blow the depositors savings on bad loans.

I am a staunch Rothbardian when it comes to money. No fractional reserve banking. Loaning money (gold & silver) that you don't posses is fraud.

@Bosniake

8 жыл бұрын

+Ed Waggoner Sr. (Papatch) Also if u know that your deposit is loaning out?

@edwaggonersr.7446

8 жыл бұрын

Bosniake KZread is not the place to post long explanations. Banks have three sources of revenue: 1) Time deposits that they loan out. 2) Demand deposits that they can't loan out. 3) Bank equity that they can invest any way they chose. Check out Rothbard at Mises.org

@Bosniake

8 жыл бұрын

Ed Waggoner Sr. Im familier with Rothbard. I agree with him 90% but not at this case

@edwaggonersr.7446

8 жыл бұрын

Bosniake What do you believe then?

@Bosniake

8 жыл бұрын

+Ed Waggoner Sr. (Papatch) When you deposit money in a bank and u know that the bank is loaning out your money that can not be called "fraud"

The Swiss 1848 Constitution enshrined the rights of the cantons more than guaranteed individual ,and left other questions of sovereignty open.

@MrClaudiuzz9

8 жыл бұрын

+aramagoo atleast the constitution gives power mostly to the cantons and not the federal state which is better

@aramagoo

8 жыл бұрын

It did not establish the modern concepts of individual freedom in relation to the state .It was more in character with 13th and 14th century charters like the Magna Carta or the Golden Bull which guaranteed rights to nobility.Granted these charters are a step in the right direction.

Nope no need for fractional reserve. Why? That was its purpose was to Create credit to begin with. So now that we know that we do not need credit but money now created by private banks which are just extensions of the main Central banks Period.

Really need to cut down on the intro music. Makes it harder to understand what you're saying.

Wrong ideas lead to wrong solutions, fractional reserve has noting to see with "fraud". If this initiative win, swiss go directly to a total state-like monetary monopole for the few of the central Bank board, more or less what Karl Marx wanted. Fraud is when bankers have not personal liability to the bank's debts.

Longest intro ever.

Elite global power, wrong system

at one time you keep your money at the church. no one would still from a church...jesus kicked them out of the church, because they made it a market place, and not the sacred place to keep your money, but then, their were the gold smiths....