Could This be the Simple Formula That has Wrecked Two Civilizations, Going on Three?
If everyone asked the banks for their money tomorrow, only the first few would be successfully served. Cyprus? No. The US of A. And they’d use their one point seven billion hollow points to back it up…
The Case Against the Fed, Chapter 8, “Problems for the Fractional-Reserve Banker: Insolvency.” By Murray Rothbard. (Slightly edited for publication as a separate article – Tom Dennen) Continue reading