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Author Topic: Negative Reserve Banking Replaces Fractional Reserve Banking  (Read 622 times)

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Offline The Cub

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Offline Vandaler

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Negative Reserve Banking Replaces Fractional Reserve Banking
« Reply #1 on: May 21, 2008, 11:30:17 PM »
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  • Can you explain a little bit what this is showing ?


    Offline Matthew

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    Negative Reserve Banking Replaces Fractional Reserve Banking
    « Reply #2 on: May 22, 2008, 06:06:40 AM »
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  • The banks, in aggregate, don't own any reserves free and clear.

    Each bank must hold reserve cash in the Federal Reserve, which is the basis for our "fractional reserve" banking system -- whereby the banks can lend out up to 9X what is in their "Federal Reserve account". Each bank has a charter with the Fed which basically gives the power to create money every time a debt is created. All money comes into being by SOMEONE (government, personal mortgage or car loan, etc.) going into debt.

    Right now, the banks have lost so much of their base capital that they would be insolvent if the Fed hadn't started new programs like the "Short Term Auction Facility" and a few others. They are getting more and more desperate to keep the banks afloat.

    Right now, everything the banks have in their "reserve account" was LENT to them by the Fed. So the bottom line is that MOST banks are technically insolvent right now.

    Makes you not want to have thousands of dollars in the bank!

    I would advise buying physical silver -- read my post in "General Discussion" as to why.

    Matthew
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    Offline The Cub

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    Negative Reserve Banking Replaces Fractional Reserve Banking
    « Reply #3 on: May 22, 2008, 06:42:18 PM »
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  • Matthew is correct in that the conventional wisdom states that in the event of a pending economic collapse, one should invest in a diversified portfolio of:  (1) precious metals (preferably coins of small denomination, as they do not have to be assayed, and smaller denominations are needed for smaller purchases), (2) precious gems, (3) real estate, (4) rare art.  

    However, the forthcoming orchestrated collapse will be different.  One will not be able to buy or sell without the Mark of the Beast, the subdermal microchip.  

    Rev 13:16  Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead,
    Rev 13:17  so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name.


    Ezekiel 7 tells us what to expect of the value associated with our gold and silver in the near future:


    Eze 7:1  The word of the LORD came to me:
    Eze 7:2  "And you, O son of man, thus says the Lord GOD to the land of Israel: An end! The end has come upon the four corners of the land.
    Eze 7:3  Now the end is upon you, and I will let loose my anger upon you, and will judge you according to your ways; and I will punish you for all your abominations.
    Eze 7:4  And my eye will not spare you, nor will I have pity; but I will punish you for your ways, while your abominations are in your midst. Then you will know that I am the LORD.
    Eze 7:5  "Thus says the Lord GOD: Disaster after disaster! Behold, it comes.
    Eze 7:6  An end has come, the end has come; it has awakened against you. Behold, it comes.
    Eze 7:7  Your doom has come to you, O inhabitant of the land; the time has come, the day is near, a day of tumult, and not of joyful shouting upon the mountains.
    Eze 7:8  Now I will soon pour out my wrath upon you, and spend my anger against you, and judge you according to your ways; and I will punish you for all your abominations.
    Eze 7:9  And my eye will not spare, nor will I have pity; I will punish you according to your ways, while your abominations are in your midst. Then you will know that I am the LORD, who smite.
    Eze 7:10  "Behold, the day! Behold, it comes! Your doom has come, injustice has blossomed, pride has budded.
    Eze 7:11  Violence has grown up into a rod of wickedness; none of them shall remain, nor their abundance, nor their wealth; neither shall there be preeminence among them.
    Eze 7:12  The time has come, the day draws near. Let not the buyer rejoice, nor the seller mourn, for wrath is upon all their multitude.
    Eze 7:13  For the seller shall not return to what he has sold, while they live. For wrath is upon all their multitude; it shall not turn back; and because of his iniquity, none can maintain his life.
    Eze 7:14  "They have blown the trumpet and made all ready; but none goes to battle, for my wrath is upon all their multitude.
    Eze 7:15  The sword is without, pestilence and famine are within; he that is in the field dies by the sword; and him that is in the city famine and pestilence devour.
    Eze 7:16  And if any survivors escape, they will be on the mountains, like doves of the valleys, all of them moaning, every one over his iniquity.
    Eze 7:17  All hands are feeble, and all knees weak as water.
    Eze 7:18  They gird themselves with sackcloth, and horror covers them; shame is upon all faces, and baldness on all their heads.
    Eze 7:19  They cast their silver into the streets, and their gold is like an unclean thing; their silver and gold are not able to deliver them in the day of the wrath of the LORD; they cannot satisfy their hunger or fill their stomachs with it. For it was the stumbling block of their iniquity.
    Eze 7:20  Their beautiful ornament they used for vainglory, and they made their abominable images and their detestable things of it; therefore I will make it an unclean thing to them.
    Eze 7:21  And I will give it into the hands of foreigners for a prey, and to the wicked of the earth for a spoil; and they shall profane it.
    Eze 7:22  I will turn my face from them, that they may profane my precious place; robbers shall enter and profane it,
    Eze 7:23  and make a desolation. "Because the land is full of bloody crimes and the city is full of violence,
    Eze 7:24  I will bring the worst of the nations to take possession of their houses; I will put an end to their proud might, and their holy places shall be profaned.
    Eze 7:25  When anguish comes, they will seek peace, but there shall be none.
    Eze 7:26  Disaster comes upon disaster, rumor follows rumor; they seek a vision from the prophet, but the law perishes from the priest, and counsel from the elders.
    Eze 7:27  The king mourns, the prince is wrapped in despair, and the hands of the people of the land are palsied by terror. According to their way I will do to them, and according to their own judgments I will judge them; and they shall know that I am the LORD."


    So what are we to do?  See the following:

    http://www.call2holiness.org/consecration/prayers.html

    http://www.call2holiness.org/TribulationProtection/TribulationProtection.htm

    http://www.call2holiness.org/RefugesonWings/RefugesonWings.htm


    The days of Elijah are here!