Now Bernanke Wants To Eliminate Reserve Requirements Completely

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http://www.businessinsider
.com/now-bernanke-wants-to-eliminate-reserve-requirements-completely-2010-3

No reserves would mean a bank could lend even though it has nothing. It would mean that all banks in that system would be mini-Federal Reserves. There is no way on Earth that any class of people deserves that kind of power over the rest of humanity. Frankly, it's insane. It's completely immoral. It's straight from Hell — literally.    

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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