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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 04/30/2010 : 20:36:05
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Have the Federal Reserve's unprecedented market and banking
interventions fundamentally weakened America's banks? In this
article, we will illustrate how the Federal Reserve has been
hollowing out the US banking system. We will show how the Fed has
been creating a banking industry shell that looks strong on the
surface, but is increasingly empty beneath that facade, with less
and less economic strength, and an ever greater reliance on the
Federal Reserve's monetary creation ability.
Using a single loan as an example, we will explore in step by step
detail how almost 10 percent of US bank assets have been hollowed
out, with former investments in the economy being replaced by
excess reserve balances at the Federal Reserve. On paper, these
balances are the highest quality assets which a bank can own, yet
in economic reality, they represent an investment in nothing at
all.
Few articles explained the dangerous process of creating an almost
entirely artificial mortgage market in 2009, and almost none have
explored how participating in this process has transformed US banks
in 2010. When you finish, you may find yourself looking at the new
US banking system in a very different way, as well as understanding
the powerful economic and personal investment implications.
The full article can be found at the link below:
You must be logged in to see this link.
If you would like to discuss the subjects of the video course and
the new Gold Out Of The Box DVDs in a small group environment,
there will be a workshop held in the Chicago suburbs the weekend of
June 26-27, the brochure is linked below.
You must be logged in to see this link.
Best regards,
Dan Amerman
This website contains the ideas and opinions of the author. It is
a conceptual exploration of financial and general economic
principles. As with any financial discussion of the future, there
cannot be any absolute certainty. What this website does not
contain is specific investment, legal, tax or any other form of
professional advice. If specific advice is needed, it should be
sought from an appropriate professional. Any liability,
responsibility or warranty for the results of the application of
principles contained in the website, videos, readings, DVDs and
books, either directly or indirectly, are expressly disclaimed by
the author.
5705 Oakley St., Duluth, MN 55804, USA
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Fed’s Hollowing Out Of US Banks
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