Here is a great piece by our friend Dan over, founder of Myrmikan Capital based in New York. Dan takes a look at the current banking system in the US and how one deposit can create 10 times that amount of debt. He takes the concept one step further to show how this system is creating unwanted assets and how banks around the world (especially in Europe) are starting to crack. In a free economy this system would not work but unfortunately that is not the system we have…
We will have Dan on the weekend show to discuss this topic in further depth. Be sure to tune in.
Click here to read his article. Myrmikan_Research_2016_07_20