Sunday, 29 January 2012

Why the nature of fractional reserve banking is difficult to convince people of

Ham. Let me see. [Takes the skull.] Alas, poor Yorick! I knew him, Horatio; a fellow of infinite jest, of most excellent fancy. He hath borne me on his back a thousand times. And now how abhorred in my imagination it is! My gorge rises at it. Here hung those lips that I have kiss’d I know not how oft. Where be your gibes now, your gambols, your songs, your flashes of merriment, that were wont to set the table on a roar? Not one now, to mock your own grinning? Quite chopfallen? Now get you to my lady’s chamber, and tell her, let her paint an inch thick, to this favour she must come. Make her laugh at that. Prithee, Horatio, tell me one thing.

Some things are difficult to understand ...like death. Death is difficult to understand because our only reference is life. We look at death in the context of life which obscures it.

Fractional reserve banking is not possible without fiat money... which in turn is not possible without taxation. So we see fractional reserve banking in the context of coercion and government. It is this context which conceals banking like the head of a screw obscured by a higher surface.

Fractional reserve banking is an error within an error.

Image of Hamlet with the skull of Yorick.

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