In short, the bank is already and at all times bankrupt; but its bankruptcy is only revealed when customers get suspicious and precipitate “bank runs.” No other business experiences a phenomenon like a “run.” No other business can be plunged into bankruptcy overnight simply because its customers decide to repossess their own property. No other business creates fictitious new money, which will evaporate when truly gauged.
…only one way to find out 😉
From the free PDF, What has government done to our money? by Murray Rothbard.
North Africa Car Market Outlook & Perspectives to 2025
Tuesday December 15, 2020
North Africa’s car market outlook is forecasted to be the fastest-growing in the World in the next 5 years, with a CAGR of 10.8% and a projected 678.000 units sold per year. Renault will remain the undiscussed leader and is expected to surpass 60.000 sales per year, followed by Volkswagen and Peugeot. The present situation […]
How to Buy Your Dream Motorcycle
Saturday October 31, 2020
Finding your very first motorcycle can be just as exhilarating as getting on it and going for that first ride. While you might be so excited about getting your dream bike that you’re not too worried about the details, it’s important to be pragmatic as well when thinking about your dream motorcycle. There are many […]
The post North Africa Car Market Outlook & Perspectives to 2025 appeared first on Celadon Saigon.