Fractional-reserve banking
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 Fractional-reserve banking    | |
|---|---|
| Interest of | Martin Armstrong |
Examples
| Page name | Description |
|---|---|
| Cantillon effect | explains the natural unfairness of previous monetary systems |
| Federal Reserve Act | The 1913 law which secured operational control of the US dollar for the US Deep state up to the present day. |
| Petrodollar | The selling of the world's oil in U.S. dollars has been the backbone of U.S. dollar hegemony since the U.S. unilaterally terminated the rights of foreign central banks to convert dollars to gold in 1971. |
Related Quotation
| Page | Quote | Author |
|---|---|---|
| Money/Creation | “Generally speaking the zero sum game promotes conflict. Conflicting parties need money to stand competition (in the extreme case: fight a war) in order to maintain their positive balance position. The only regulatory principle to limit the promotion of violence in all shapes and colors is the monetary monopoly's need to manage risk. Fatally, the risk taken by banks is distorted by the doctrine that the monetary monopoly as a whole may not fail. This so called Moral Hazard caused by public bailouts encourages investments in exploitation and war. What really trickles down is violence, not wealth.” | 'Smithy' |
Related Documents
| Title | Type | Publication date | Author(s) | Description |
|---|---|---|---|---|
| Document:The Occult Technology of Power | letter | June 1974 | Anonymous | A letter and lecture transcripts addressed to a mature son from his father. Their purpose is to prepare the son for his taking the reins of a financial business empire. |
| File:The Federal Reserve conspiracy by Antony C Sutton.pdf | book | Antony Sutton | Historical perspectives on the money trust including critique of Karl Marx |
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