Comment: Fractional Banking

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Fractional Banking

Unfortunately as long as their is a lender of last resort their will always be funds to support a bank run. this system of Debt and Credit is what The Fed uses to print up the money they don't actually have. so even if a majority went out and withdrew all their money well The Fed will always be there to bail out the banks as it was intended to.

now if everyone started using other currencies like Gold and Silver, that would hurt The Fed tremendously as their reserves hold physical Gold as a means to fractional bank on.

His name is Edward Snowden

What is Capitalism?