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Central banks exist to ensure debasement. By its very nature, fractional reserve banks cannot honor their contracts. The purpose of a central bank is to print m
by alexmingoia 6y ago
Central banks exist to ensure debasement. By its very nature, fractional reserve banks cannot honor their contracts. The purpose of a central bank is to print money to ensure the solvency of the fractional “reserve” bank cartel.
And predictably, we’re here at zero percent interest rates, large levels of private and public debt, and the public starting to realize that they can use the printing press too and demand to be given free money (UBI).