To: L,TOWM
Part of me knows loves fractional banking as being an engine of growth and prosperity.
Fractional banking is simply a nice phrase to cover for the counterfeiting that it actually is. Every dollar that magically appears out of nothing dilutes the existing currency, is a hidden tax on the populace, and benefits directly the first spender of the counterfeit dollar by stealing purchasing power from everyone else. Sound money is the best engine of growth and prosperity.
3 posted on
12/19/2016 7:19:13 PM PST by
Garth Tater
(When cash goes freedom is gone.)
To: Garth Tater
“Fractional banking is simply a nice phrase to cover for the counterfeiting that it actually is. Every dollar that magically appears out of nothing dilutes the existing currency, is a hidden tax on the populace, and benefits directly the first spender of the counterfeit dollar by stealing purchasing power from everyone else. Sound money is the best engine of growth and prosperity.”
Hear, hear!
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