Organisation for Economic Co-operation and Development

Prominent Economists Call For End To Fractional Reserve Banking

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WashingtonsBlog  April 30, 2014

Challenging a Sacred Cow of Banking Dogma

Excessive leverage by the banks was one of the main causes of the Great Depression and of the 2008 financial crisis.

As such, lower levels of “fractional reserve banking” – i.e. how many dollars a bank lends out compared to the amount of deposits it has on hand – the more stable the economy will be.

But economist Steve Keen notes (citing Table 10 in Yueh-Yun C. OBrien, 2007. “Reserve Requirement Systems in OECD Countries”, Finance and Economics Discussion Series, Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board):

The US Federal Reserve sets a Required Reserve Ratio of 10%, but applies this only to deposits by individuals; banks have no reserve requirement at all for deposits by companies.

So huge swaths of loans are not subject to any reserve requirements.

Indeed, Ben Bernanke proposed the elimination of all reserve requirements for banks:

The Federal Reserve believes it is possible that, ultimately, its operating framework will allow the elimination of minimum reserve requirements, which impose costs and distortions on the banking system.

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Greedopoly ~ A PlayMakers Game

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SDP  December 1-7 2013

Who are the PlayMakers? They are perceived as the “1 percent.” In actuality it’s more like the .”0.000000001 percent” who have devised and control this game.

The game itself is an energy game. It’s configured by the PlayMakers as a “take/exploit” exchange, with themselves as Takers and the 99.99999999 as exploitable energy resources embedded in the game (at birth) without informed consent.

Greedopoly has simple rules of engagement. Takers (exclusively):

  • extract energy from the output of the 99.9999999 percent via corporations, big pharma,  weather wars, real wars, trade partnerships, bribery, corruption, malfeasance, and, for emergencies just plain graft.
  • extend empty energy pockets (privately-owned central banks) to be filled by the energy output of the 99.9999999 percent via taxes, mortgages and unsecured loans saddled with usurious interest rates
  • control everything everywhere via spy tech, hidden tech, internet tech, the Bavarian Illuminati, royal houses, the UN, World Health Organization, Bilderbergers, Club of Rome, “democratically” elected governments, and Agenda 21
  • weed out “useless eaters” via GMOs, chemtrails, race-specific viruses, vaccines, and devious plots too numerous to list
  • Enforce laws, regulations, rules, statutes, legal claims – none of which apply to them
  • Build underground bunkers, seed vaults, and nature preserves with proceeds from drug trades and wealth stolen from conquered territories

Greedopoly Ends When Winners Take All (Or Losers Stop Playing)

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