BankNotes Archive – July 2020

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BankNotes Articles from July 2020

A RoadMap For Reopening The Sequestered U.S. Economy

July 6, 2020

By L. Carlos Lara Experts estimate that we will not have a COVID-19 vaccine until 2021 at the earliest. For the foreseeable future, living with COVID-19 is our new “normal” and one of the main reasons why all businesses in our cities, except those considered essential (groceries, pharmacies, federal and … Read more

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Savings Are Critical to a Prosperous Economy

July 6, 2020

Frank Shostak It is held by most mainstream economists that spending is the heart of economic activity. Economic activity is depicted as a circular flow of money. Spending by one individual becomes part of the earnings of another individual, and vice versa. In contrast saving is viewed negatively as it … Read more

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The State: The Deadliest Virus

July 6, 2020

Jesús Huerta de Soto The deadliest virus is the institutionalized coercion which lies in the very DNA of the state and may even initially permit a government to deny the outbreak of a pandemic. Evidence has been suppressed, and heroic scientists and doctors have been harassed and silenced simply because … Read more

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Are Fractional Reserve Bank Deposits Money?

July 6, 2020

Robert Blumen The issue of fractional versus 100 percent bank reserves has been much debated. One of major disputes is whether fractional reserve banking (FRB) is inherently fraudulent, or whether the mix of cash and other assets to be held against liabilities is a business decision, to be made by banks and customers? … Read more

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Nelson Nash’s Becoming Your Own Banker – PART 1 Lesson 15: Basic Understandings

July 6, 2020

Content: Page 26 Becoming Your Own Banker Fifth Edition YOU “FINANCE’ everything you buy. You either pay interest to someone else or you give up interest you could have earned. CREATE AN ENTITY— A plan — which you control and it makes money on your loans. One such entity can … Read more

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