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.
TED talk notes #2, Jill Tarter: Why the search for alien intelligence matters
Friday October 23, 2020
“we live on a fragile island of life” “if we’re alone…incredible waste of space” discovering other cultured civilizations could enhance humanity’s bonds with each other “we’re a billion year lineage of wandering stardust” SETI began 50 years ago sun is one of 400 billion stars in Milky Way, among 100 billion other galaxies (!) the […]
Ivory Coast 2020. Auto sales down only 2.8% Year to Date in August despite COVID-19
Tuesday September 29, 2020
Cote d’Ivoire’s vehicles market in 2020 reports surprisingly a very small drop in sales. Indeed, 6.966 units were sold Year To Date until August, losing 2.8% compared to last year. Toyota (+12.6%) maintains the leadership, while Nissan was the worst performer, with a 39.2% drop in sales. The rising star is Volkswagen, increasing its sales by […]
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