All numerator, no denominator

MK: It’s great to see people are railing against fractional reserve banking but they are a bit behind the curve. Starting with the roll out of a new generation of financially engineered risk management products on Wall St. and around the world in the 1980’s and accelerating in complexity and non-transparency ever since we are now faced with a ‘fraction-less’ banking system. In other words, there is no denominator at all. Banks, for all intents and purposes have no reserves whatsoever, just a theoretical algorithmic representation of a reserve under certain circumstances. All loans made today by all banks are done so without any reserves whatsoever to back up those loans. Another word for this is counterfeiting. Americans and people around the world are being imprisoned by theoretical constructs of a monetary system held together with chutzpah and questionable arithmatic. Break the chains of this imprisonment. Crash JP Morgan Buy Silver.

“I Love You”

18 comments on “All numerator, no denominator
  1. snoop diddy says:

    fraud reserve banking.

  2. snoop diddy says:

    you scared me lol.


    the feel good ‘you gotta have dreams and goals’ generation brought up on Prozac is running the show
    if they can dream it, they can sell it, if it collapses, just dream up money to bail it out.

  3. snoop diddy says:

    and even though little Jamie did nothing all year, he deserves a bailout just for turning up, good work Jamie.
    *pats on the head all round.

  4. Jim says:

    to anyone….

    Q: would a 1 world currency bring in a new era of Socialism?

    It is my opinion that there would be massive inbalances across the globe relating to trade and cultural issues.

    How would a 1 world currency conciliate these differences?

  5. naomi says:

    very cute pic of monkey on back!

  6. udee says:

    give the people a little more time (and “tell the people! tell the people Stacy Herbert!”)

    it only took ’em near 100 years just to catch on to the “Fraud Reserve Banking”((c) snoop diddy) system and fractional-alchemical money, but they catch on quick -once they get on the right track

    plus -can it be called counterfeiting -when there’s nothing but digital impulses …. ?

    more like the finest alchemy and magik at work here: (see back of 1-dollar FRN -follow it to its origins – secret society-hints: 13 layers in the pyramid, 13 leaves on olive branch, 13 arrows, 13 stripes on the shield, 33 stones in pyramid, (33rd degree; 33 parallel (a.k.a Mason-Dixon line and where Kennedy was assassinated – near on 33 parallel), the 1776 – is not for foundation of US, but is re-establishment of the cult that rules this world, that ain’t the eye of “god” neither, most blatant – announcement to the world of “The New World Order” (novus ordro seclorum), framed all round with spider’s webs – (web of deceit) and much more … all right in front of your noses. yeah, yeah, yeah “it’s just conspiracy theory”)

    monkey says: “squeal like a pig, my pretty, squeal like a pig”

  7. Marc Authier says:

    Yes they do. It’s called slave taxpayers. That’s the sercret Max and Stacy. They have the irish slaves for example. It’s a real good example. Yeah Nazi scum.

  8. Marc Authier says:

    You are all wrong here. The ultimate reserve are the taxpayers. You know what they say.

    Countries don’t go bankrupt. The people that live in them do. Banks don’t go bankrupt, not in the classical term you think,. They just pass the puss and the vomit to your loving government which distribute the yummi yummi stuff in the form of taxes, massive inflation and depression. USA is Nazi Germany.

  9. Marc Authier says:

    You don’t need reserves when you own slaves folks.

  10. Marc Authier says:

    The denominator is present. Look in the mirror. You are meat for this nauseaous scum called bankster. You are the denominator. Bank of England was a crime against humanity. War machine and colonial machine. I don’t think that the fools in China and Russia understood how the system works. They still think that they are partners with these people. They are not. Nobody is, ordinary Americans and British included.

  11. Marc Authier says:

    Another way to crash and eliminate JP Morgan Chase these anglo-american financial globalist terrorists. Quite simple by the way. MISH has a suggestion. Do like the Irish are doing to Anglo-Irish bank. Very good idea.

  12. SAO says:

    Politicians are also doing a great amount of damage to the people around the globe. I’d like to see them go down as well. They should be in prison, but they are writing more laws to kill us with.

  13. Marc Authier says:


    Politicians are puppets. They are not in power. They are straw dummies. The Irish should topple their government like the Icelanders did. Yes. The people will have to topple these bastards and say. You are fired. They Nazis banksters destroyed democracy. Why do you think they are obsessed with the TSA and the naked body scanners ? It’s about NAZISM. It’s about eventually yes, exterminating you all. This has nothing to do with your normal 19th century economic crisis or even 20th century crisis. I always thought conspirationnists were a bunch of crazies. Today more and more I see that their nightmare scenario is that far ferched. This crisis was planified.

  14. Marc Authier says:

    I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
    Thomas Jefferson,
    3rd president of US (1743 – 1826)

  15. Marc Authier says:


    It.s quite simple. We must eliminate central banks across the world.

  16. swell says:

    “I Love You”. Haha. “I Love You” goes back a long ways:

  17. Jimbo says:

    Suppose I want to buy a set of tools but have no capital. I go to a toolmaker and offer him something of equal value to the tools, to be paid in a year’s time, with extra payments monthly to account for the risk he is taking in my possible eventual non-payment. That is the fundamentals of reserveless banking and there is nothing wrong with it.

    The problem we have is the lack of a valuable numeraire: my contract with the toolmaker would be denominated in dollars, which can be created at zero cost. If the contract were denominated in gold* then he can be sure there would be a cost to me in providing him with payment and that the value of our contract could not be affected (to any great extent) by third parties.

    In the absence of government, which forces a common numeraire on us by demanding we be measured for taxes, we could alternatively denominate in specific types of energy or food or something else the toolmaker believes he would require a year from now. But with uncertainty about his requirements he would have to raise the price of the tools in case he was paid next year with something for which he had no use and became a forced seller. In practice the settlement of our contract would be managed by a bank, more skilled in risk assessment and debt recuperation than the toolmaker, so my debt would become the backing for various people’s current accounts. Denomination in energy or food would be even less of a good proposition in that case: a currency is required.

    Bank account holders should realise they are lenders not savers and, instead of being bailed out, the value of their credits in the bank should be allowed to fluctuate like units in a mutual fund. If they don’t want to spend time researching the adequacy of the banks they can own the numeraire (gold). Owning the numeraire when it is an abstract concept such as a dollar makes no sense so we have FDIC-type institutions to ensure “capital preservation” and the associated moral hazard.

    So with a different numeraire we can benefit from the banks’ fractionless model and not be taken down by it.

    * a specific weight of gold, not a gold proxy named Dollar, Peso or Franc

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