The Walking Dead: Something is Rotten in the Banking System
Monday, February 8, 2016 16:43
% of readers think this story is Fact. Add your two cents.
by Pater Tenebrarum
Acting Man
A Curious Collapse
Ever since the ECB has begun to implement its assorted money printing programs in recent years – lately culminating in an outright QE program involving government bonds, agency bonds, ABS and covered bonds – bank reserves and the euro area money supply have soared. Bank reserves deposited with the central bank can be seen as equivalent to the cash assets of banks. The greater the proportion of such reserves (plus vault cash) relative to their outstanding deposit liabilities, the more of the outstanding deposit money is in fact represented by “covered” money substitutes as opposed to fiduciary media.
Continue Reading at Acting-Man.com…
Source: http://financialsurvivalnetwork.com/2016/02/the-walking-dead-something-is-rotten-in-the-banking-system/?utm_source=rss&utm_medium=rss&utm_campaign=the-walking-dead-something-is-rotten-in-the-banking-system
