Politician Spock
Footballguy
Fractional reserve banking accounts for over 90% of the overall dollars in existance, when considering all of M3.A documentary created in 2009, that won "Best Documentary" award in 2010, goes into detail as to why we SHOULD run a modern economy on the way Thomas Edison and Henry Ford suggested, which nccommish has concluded is "no way to run a modern economy".Why not?So now you are for printing money to cover building things? That's what they are calling for here. And as I said that is no way to run a modern economy.“But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 per cent., whereas the currency pays nobody but those who directly contribute to Muscle Shoals in some useful way.
It's called the Secret of Oz:
When we were on the gold standard, the base money (the other >10% of all dollars in existance) was essentially notes for the gold we held being issued on a fractional reserve basis. So the more gold we had, or the more we leveraged it with more notes for it, was the method of increasing the base money into existence.
After the gold standard was ended, increasing the base money has nothing to do with how much gold we have, or how much we leverage it. The base money is increased by the Fed issuing Federal Reserve Notes, the US Treasury Issuing Bonds, and how fast or slow both entities do these processes on the open bond market determines how many net new US dollars spring into existance today.
So to answer your question, my issue is with both processes (as is the producer's in the video linked above).
Every US dollar in existance today was borrowed into existance with interest due. Doesn't matter if it was done via fractional reserve lending, or by the base money/governmnet bond process. This isn't necessary, as the video above, and his prior 4 hour documentary called the Money Masters, make the case for. And they also explain why we use the debt based monetary system today and why very few people today even think to challenge it, despite how greatly it was challenged in our past.