Financial Fuss (12) - Banking System

The modern banking system is rotten from the inside. Banks function by borrowing short and lending long. This means that most of the time they are illiquid and only a small decline in the value of their assets makes them insolvent. Modern governments have foisted on their people a banking system that does not work. They have done this because they gain the benefits that come from being able to print money. Until the people demand something better, the financial system will remain unstable.

This full series can be found here.