It is not difficult to find a perfect example of the consequences of unethical practices. Fractional reserve banking is a type of fraud where only a portion of your bank deposit is actually held on to. The rest is lent out. Combine that with all of the shenanigans created in the financial markets by the ego-driven interventionists and all of the sudden the money lent out by the banks are then linked to the notorious toxic assets.
But no need to worry!!! The FDIC which created a false sense of security to the depositors and to the banks themselves stands ready to - - - wait, what do you mean it is vastly overdrawn, and by definition, bankrupt and then some?
The moral hazard of stimulating expansive and unethical practices, piled on top of the fraudulent fractional reserve practices constitutes a foundation made of, not sand, but of quicksand!
The simple solution is sound money (no fiat currency), and ethical practices (no fractional reserve banking and no government-backed ponzi schemes in the guise of insurance, ex. FDIC). The simple solution is to stop ego-driven interventionism which requires the extermination of the unConstitutional coup.
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