1. Home
  2.  » 
  3. Commentary
  4.  » Anna Von Reitz – Banks are Bankrupt

HenryMakow.com – Oct 18, 2022

If promoting gender dysphoria, white replacement and cancelling conservatives are not enough, Anna Von Reitz provides additional reasons why we should not trust banks with our money.

The Most Succinct Explanation of the Banking Problem Ever

By Anna Von Reitz – (henrymakow.com) From Sep 13, 2019

Please be aware of the fact that all the banks are bankrupt by design and by definition. This is because of “fractional reserve banking” being practiced and allowed.

Fractional Reserve Banking is a fancy name for check kiting—writing more checks than you have assets to cover.

Banks are allowed to extend 7 to 10 times more credit than they hold as assets, and the assets they hold belong to depositors, so the banks have no skin in the game at all. They are bankrupt by definition from the get-go.

The credit they extend is not theirs to extend. It’s yours.

Continues …