Friday 2 August 2013

The bankruptcy and the banking system ….

With the concept of Fractional Reserve Banking,  too much credits can be emitted, therefore bankruptcy can occurred more often …. In this system, creating  money IS making money !!!

With the concept of “Outsourced Resources Banking”,  the purpose is creating tangible assets, using an ad hoc currency as a medium of exchange !!! in this case, creating assets IS making money !!!! 

Here, a good book in French about the history of  bankruptcy in France :  http://www.amazon.fr/Vive-banqueroute-Comment-Philippe-g%C3%A9n%C3%A9ral/dp/2369210001

Too much "money debt" has been emitted ... a cut will occur !!! Social links are broken .... and it's a true problem

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