"fractional reserve banking"
3 episodes tagged with this keyword
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Mark Koernke discussed the stock market as a rigged casino system where money disappears without proper accounting, comparing it to actual casinos where winnings are tracked. He examined how the Federal Reserve is the only entity authorized to retire currency, yet stock market losses seem to vanish. Callers contributed perspectives on fractional reserve banking, Fannie Mae's role in the 2008 housing collapse, and the need for sound money backed by tangible value. In the second half, co-host Larry Lawson focused on recent shootings at Brown University and in Australia, arguing they were false flags or staged events orchestrated by Israeli and Jewish interests. He discussed Trump as a traitor, Jonathan Pollard's release, and warned of an imminent attack on the US. The show emphasized preparedness, armed resistance, and referenced the film 'The Chekist' as documentation of communist atrocities.
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Mark Koernke discussed weapons availability and pricing on Weapons Wednesday, October 5, 2011, focusing on Saiga rifle deals from Classic Arms and AK-pattern rifle components from various vendors. He covered Operation Gun Runner and criticized federal agencies for smuggling weapons to Mexican cartels. Koernke addressed the Bank of America incident in St. Louis where customers were prevented from withdrawing cash, arguing that banks lack sufficient physical currency reserves and operate on fractional reserve principles. He encouraged listeners to withdraw funds gradually and discussed the broader implications of banking system insolvency.
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Mark Koernke discussed the IndyMac bank closure in Pasadena, California, warning listeners about cascading bank failures and the fractional reserve banking system. He emphasized the importance of holding physical currency in small denominations (ones, fives, tens, quarters, dimes, nickels) as a hedge against bank runs and currency devaluation, drawing parallels to the Great Depression. Koernke advised against keeping valuables in bank safety deposit boxes, advocated for food storage and bucket gardening, and promoted diversification away from the banking system through precious metals, preparedness supplies, and off-grid energy solutions. He criticized the Federal Reserve, fractional banking practices, and government bailouts while urging listeners to respond calmly and intelligently rather than panic.