Fractional Reserve Banking is busted and the only thing the system knows how to do is keep digging the hole deeper. As the economy continues to collapse we'll see more manipulations leading to greater strife in employment and events like Silicon
Valley Bank's failure. The criminals and morons in DC either don't understand the necessity and nature of the market to purge mal-investments or they count on those failures to maintain their power over the people and the economy. I'll wager 32 trillion it is the latter.
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Also...
Possibly proving great minds think alike, Doug French, President Emeritus of the Mises Institute and I came up with the same Rothbard quote when addressing the Silicon Valley Bank failure.
Is the economy as good as we're being led to believe? Of course not. All the so called positive growth in the economy and employment are hollow and short lived because the policies that created the driving negative factors have not changed. Ryan McMaken provides an analysis of the data and the picture the numbers paint is bleak and offers little hope for an easy solution.
Anarchy in Quotations
“The bank creates new money out of thin air, and does not, like everyone else, have to acquire money by producing and selling its services. In short, the bank is already and at all times bankrupt; but its bankruptcy is only revealed when customers get suspicious and precipitate 'bank runs'.” -
Murry Rothbard
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