J.P Morgan Indebting Iraq Financial System By Fractional Digits

What is euphemistically called “fractional-reserve banking” is obvious fraud, and obvious crime. By its very definition; it transforms the banking sector of an economy into a leveraged Ponzi-scheme, and as with all Ponzi-schemes, there is no possible “happy ending” here. Mathematically-based principles are often illustrated best through use of an extreme, numerical example. We have … Continue reading J.P Morgan Indebting Iraq Financial System By Fractional Digits