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Iceland forgives mortgage debt to save its economy

by J. D. Heyes (NaturalNews) It’s probably not a concept that most U.S. banks and lawmakers want to think about, but the fact is, Iceland’s economy has grown by leaps and bounds since the government there implemented widespread debt forgiveness for many of its citizens. The initiative came about http://www.bloomberg.com following protests by Icelanders in 2008-2009 who […]

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Frackin’ Reserve – Summary & Additional Resources (6/6)

This series of articles on fractional reserve banking started with an introduction to the mechanics of fractional reserve banking. The important points  were: The simple nature of the mathematics and the factors involved The iterative nature of the process as a continuing cycle The process has mathematical limits, except in Canada, Australia, New Zealand, and […]

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Frackin’ Reserve – Compound Interest as Invisible Slavery (5/6)

But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit. — Josiah Stamp In Part 1 we looked at the mechanics of fractional reserve banking. In Part 2, we looked at money vs. wealth. Part […]

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Frackin’ Reserve – Run on the Banks? Or Run on the People? (4/6)

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess. — Irving Fisher In the last part we saw how float time was fradulently used in fractional reserve banking by banksters the same way that check kiters […]

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Frackin’ Reserve – “How” Fractional Reserve Banking Creates Money and “Why” it is Fraudulent (3/6)

When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it. — Frederic Bastiat In Part 1 we looked at the mechanics of fractional reserve banking and the […]

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The Economic Collapse Is Not A Single Event

Michael Snyder, Contributor Activist Post Many people hype “the coming economic collapse” as if it is some kind of big summer Hollywood blockbuster. Many people out there write about it as if it is something that will happen in a single day or over a few weeks and that it will suddenly change how the […]

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Frackin’ Reserve – What is Money? (2/6)

We have a system called, “money”, which is based on money that has never, does not, and will never exist… We have become so divorced from the world that we live in, that most people never ask the simple question, “What is money?” —  David Icke For the purpose of discussing fractional reserve banking, the […]

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The Mechanics of Fractional Reserve Banking (1/6)

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks. — Lord Acton Ryan published Frackin’ Reserve!, a fractional reserve banking simulator (desktop version here, web version here), with the promise to follow-up with another article explaining it. Part 1 explains the basic mechanics […]

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