UKIP’s Godfrey Bloom Blasts Fractional Reserve Lending as Fraud; Says Central Bankers Should be Tried for Financial Crimes

Here are a pair of interesting You-Tube videos on fractional reserve lending sent by reader Magnus who lives in Sweden. Godfrey Bloom Blasts Fractional Reserve Lending as Fraud “The problem that we have is a flawed banking system, a fractional reserve banking system where bankers can lend money they don’t have. If you go back in time in the United States to the 1850s, that was a capital offense

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UKIP’s Godfrey Bloom Blasts Fractional Reserve Lending as Fraud; Says Central Bankers Should be Tried for Financial Crimes