"fractional banking"
3 episodes tagged with this keyword
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Mark Koernke discussed the 2008 financial bailout and its implications for American debt, calculating that each citizen would owe approximately $38,000 from the $700 billion bailout combined with existing national debt. He criticized fractional banking, the Federal Reserve, and currency debasement, noting that printing presses cannot keep pace with fictional monetary figures. The second hour focused on Weapons Wednesday, covering practical reloading techniques, firearm selection for accuracy over automatic fire, and detailed instruction on field reloading with minimal equipment. Koernke promoted the upcoming Knob Creek Gun Range event and discussed ammunition conservation, brass recovery, and low-pressure cartridge loading for anti-personnel use. He also addressed election integrity through Vote Rescue and criticized politicians like Congressman Joe Donnelly who voted for the bailout despite constituent opposition.
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Mark Koernke and co-host Don discussed the 2008 financial crisis, criticizing the government's trillion-dollar bank bailouts while ordinary Americans faced foreclosure. They highlighted how the fractional banking system and Federal Reserve created unsustainable debt, contrasting it with President Kennedy's 1963 United States Notes initiative, which would have bypassed the Federal Reserve. The show covered preparedness, Second Amendment rights, militia training, and warnings about UN vehicle sightings and potential government overreach. Koernke emphasized individual responsibility for armed preparedness and criticized the NRA for compromising on gun rights, while urging military personnel and their families to resist unconstitutional orders.
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Mark Koernke discussed the ongoing banking crisis, highlighting the collapse of IndyMac Bank in California and the troubles facing Wells Fargo and Washington Mutual, which have lost significant stock value and laid off thousands of employees. He explained how the fractional banking system enabled banks to extend credit far beyond their actual assets, comparing the situation to a sinking ship. The show featured callers Dave and Nancy from Michigan discussing the illegal detention of Kenneth Paul Galena at Clare County Jail, where he is being held without proper booking procedures, denied medical treatment for serious health conditions, and kept in solitary confinement without access to commissary or legal materials. Koernke urged listeners nationwide to send postcards and make phone calls to the jail and sheriff's office to pressure for Galena's release. The second half covered preparedness training scheduled for mid-August and detailed medical kit assembly for field use.