There’s An Obvious Answer To Fractional Reserve Banking – It’s A Useful Fraud

It’s entirely true that fractional reserve banking is a fraud, a Ponzi, it’s simply outrageous how credit, or wide money, is created. Murray Rothbard was entirely correct:

In The Mystery of Banking (1983), the anarcho-capitalist economist Murray Rothbard called fractional reserve banking “a shell game, a Ponzi scheme, a fraud in which fake warehouse receipts are issued and circulate as equivalent to the cash supposedly represented by the receipts.”

Nowt wrong with that statement.

That is not, however, the end of it.…

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Nonsense, Pish And Tosh – Apple Claims To Run On 100% Renewable Energy

Apple is claiming something which isn’t true, that the company now runs on 100% renewable energy. It’s not just not true, it’s nonsense, pish and or, to taste, tosh. No one at all has worked out how to run a 24/7 energy system purely upon renewables. At least, not one that delivers reasonable amounts of power as and when desired. The claim that anyone has is thus a serious misstatement of the truth. It also underplays the difficulties we’ve got in getting the economy to a non-emitting energy system.…

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