Preface Both US and Canadian banks and their underlying fiat debt currency system are fundamentally unsound from three perspectives: Banks maintain ‘fractional reserve’ holdings whereby they directly hold only a small fraction their liabilities to customer deposit accounts in the form of cash. The vast majority of bank assets are held in at-risk assets such as loans, mortgages, etc. Canadian banks, for example, directly hold only $161B CAD in
Thank you, David; you hit key data! My published research via The Claremont Colleges:
‘Financial’/‘monetary’/‘derivative’ house-of-cards collapse? Remember: Superior mechanics already proven by Ben Franklin with monetary reform and public banking, backed by Thomas Edison, 86% of Economics professors
Thank you, David; you hit key data! My published research via The Claremont Colleges:
‘Financial’/‘monetary’/‘derivative’ house-of-cards collapse? Remember: Superior mechanics already proven by Ben Franklin with monetary reform and public banking, backed by Thomas Edison, 86% of Economics professors
https://carlbherman.blogspot.com/2023/03/financialmonetaryderivative-house-of.html