[dollarbull]

Like when we were on the gold standard? Got it.

Fractional reserve banking was practiced during the gold standard years. That artificial credit expansion is what caused the boom and bust cycles back then - same as today.

Not understanding this is what caused you to stay long BAC and other financials into this meltdown. Things are pretty much unstoppable at this point. The limits to exponential growth that always take down credit/debt based systems will not be denied. After things completely meltdown and the $US has been replaced by the Amero, it will be a good time to buy financials again for the long super cycle up the new debt curve.

[Toddsterpatriot]

Fractional reserve banking was practiced during the gold standard years.

Exactly. So banks should hold 100% of their deposits as reserves. It's the only thing that can save us.

Not understanding this is what caused you to stay long BAC and other financials into this meltdown. Things are pretty much unstoppable at this point.

Because fractional reserve banking will cause these stocks to go to zero. Got it.

After things completely meltdown and the $US has been replaced by the Amero,

LOL!

And if they don't meltdown?