Anonymous ID: c4575c April 5, 2020, 5:44 a.m. No.8692362   🗄️.is 🔗kun   >>2399

Please be aware of the fact that all the banks are bankrupt by design and by definition. This is because of "fractional reserve banking" being practiced and allowed.

 

Fractional Reserve Banking is a fancy name for check kiting—writing more checks than you have assets to cover.

Banks are allowed to extend 7 to 10 times more credit than they hold as assets, and the assets they hold belong to depositors, so the banks have no skin in the game at all. They are bankrupt by definition from the get go.

 

The credit they extend is not theirs to extend. It's yours.

They write checks based on your assets and credit themselves for this via check kiting, but since they keep the books, they get away with entering whatever digits they want to enter.

 

Bankruptcy is a patented business model that is necessary for this fraud to continue. Otherwise, those responsible for this situation would also be accountable for it. But as long as they can claim bankruptcy protection and risk nothing but their depositor's assets, they have no motivation to stop.

 

All the banks you see — "central banks" and "retail banks" — are bankrupt.