Fictional Reserve Banking – Part 1

Your money in the bank that you think is 100% available to you on demand is in fact NOT payable on demand.

Here’s the Reality: “It’s like leasing your car to two people simultaneously, banking on the notion one will not show up.”

In this two-part series Mish Shedlock gets to the heart of why our Banking and entire Financial System is systemically flawed and fragile.

I encourage you to immediately read this: Fed Policy: It’s Not Fractional Reserve Banking, It’s ZERO Reserve Banking

Amazingly, very few people have any idea their money in the bank is at risk – that they don’t own it EXCLUSIVELY.

This should be taught to all kids in High School. The good news is that this Mystery of Banking can be easily understood.

Armed with Knowledge you can take the appropriate steps to navigate the reality of the world.

Without this Knowledge you, and those you care about, are unnecessarily blind and vulnerable.

The Best of Michael McKay