Fraud was rampant in the lead-up to 2008 financial crisis. Lehman brothers was a full-scale fraud. Impacts bled across the entire globe. Most importantly, the Libor scandal rocked whole cities and small countries, threatening default.
Fractional Reserve Banking allows banks to accept deposits, then loan out a greater amount against those deposits. Critically, this creates multiple negative outcomes: moral hazard, inflation, centralized control, more money owed than exists, and other problems.
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Gold Window and Petrodollar Need Gold and oil can never flow in the same direction Another The Petrodollar Standard is a system of countries that have agreed to buy oil solely for US dollars, then reinvest the dollars into the…
China is slowly moving the RMB into Global Reserve Currency status.
China and the US engage in slow moving, deep struggles for global economic dominance.
In the Western financial system altogether, the excesses have reached insane proportions, far beyond anything seen in economic history. Major economic factors are pushing the decline of one of the most powerful empires ever – the United States of America.…