The entire foundation of our economy is built on the fraud that is full fractional reserve banking chicanery.
Our Ponzified system, aka fractional reserve banking reliant economy, relies entirely on the growth of both 1) the absolute amount of debt issuance (debt equals money, money equals debt) over time, with each new batch having to be remarkably larger than the last batch of debt issued, and 2) the absolute number of [...]
by Chris Martenson
This week’s Straight Talk contributor is John Rubino, publisher of DollarCollapse.com, a popular hub for news impacting the economy. John is the author of several best-selling books foretelling (years in advance) the collapse of the housing market and the decline of the US dollar. Before starting his website, John was a featured columnist with theStreet.com, Institutional Investor, and a number of other influential financial [...]