Fractional Reserve Lending (FRL) is fraudulent. Indeed, FRL in conjunction with micro-mismanagement of interest rates by the Fed is the root cause of the financial crisis we are in.Mish Shedlock at Global Economic Analysis. This is really worth reading.
Widows Mite
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I get upset when I hear preachers using the example of the Widow’s Mite
when attempting to raise funds for their ministry or church building
programme. I...
2 weeks ago
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