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Originally posted by uNBaLaNCeD
I thought that fractional reserve banking was when the bank gives you a worthless loan,using what you are buying as collateral,and makes money off of you in the form of interest,and holds all of the interest in everything you buy with the "ghost Money",until it is payed for by you.
.... and then the government holds you and your property as surety for the national debt should the Federal Reserve decide to foreclose on it.
I have been uNBaLaNCeD since I found out the truth,I cannot go back,I wish that I had taken the blue pill,I can never go out to pasture with the rest of the cattle.
But I can still moo.
Originally posted by Trader
One day fiat money will lose value, we cant stop it nor can we tell when it'll be.