Broad Oak Magazine

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Fractional reserve lending, as "Sonus" explains so clearly here , became possible when people accepted receipts for gold as paymen...

Karl Denninger covers a lot of ground - perhaps too much in one posting - in his attempt to clarify fractional reserve banking and its conse...

Supposedly, banks lend 10 times (or more) what they have on deposit. Yet in June last year, it was estimated that total UK consumer borrowi...

Our government has contradictory objectives, and something will have to give. 1. It has ordered banks to rebuild their cash reserves, becaus...

I've been wondering why we shouldn't bust our criminal banks immediately and replace them with a system that simply transfers money....

Banks require re-capitalisation. The capital is required to cover losses. Capital is also needed for assets returning onto their balance she...

I sympathise with Mish ; but getting it done would be like a goat persuading a tiger to turn vegetarian. If deflation is not the problem, wh...

I'm still convinced that many in the financial community deserve far harsher treatment than they've so far received - if they didn&#...

British banks are being criticised for not passing the 1.5% rate cut on to their customers, but retaining some or all of the difference. Pre...

TBRRob posts a very useful YouTube interview with big investor Jim Rogers (the best analyses come from people who back their own judgments ...

Financial website ThisIsMoney speculates that the FTSE could drop another 20%. I couldn't resist commenting there: 20% down would be abo...

Those red and blue lines remind me of the song, Me And My Shadow. This is from Mark Lundeen's 12 August essay on banking and inflation ...

London Banker reports that US deposit insurance looks compromised. I comment: In my amateur way, I have suggested that we give up on fractio...

Karl Denninger comments on the unfolding crisis of non -subprime mortgages, where he thinks losses will be even worse. A question: why bothe...

I am grateful to James Higham for directing me to this article by a very distinguished economist, explaining the scam of fractional reserve ...

The Mail on Sunday reports plans by the British Government to borrow money from the Middle East, on Islamic Sharia terms - that is, without,...

A trio of articles from Safe Haven: Paul Tustain thinks that inflation, and even hyperinflation are indeed possible, because of support oper...

"... my best estimate is that a full thirty percent of the market's current "value" is based upon fraud and deception, an...

Bob Hoye, in Prudent Bear (yesterday), discusses " the Unholy Trinity of central banking, derivatives and artificial rating of credit ...