While we all interact with it on a daily basis, not many of us actually understand the inner workings of the commercial banking system.
Shrouded in mystery, the banking system operates almost independently of the Federal Government. While the nimble mind may believe the President or Prime Minister holds the highest and most powerful position in the land, it is he who controls the money supply that has ever larger influence on the common man.
QGM’s Capital Markets has analyzed the two tenets of the modern banking system responsible for the gradual erosion of the dollar and increasingly unstable monetary system, fractional reserve lending, and central banking. They will do so through the lens of Austrian School economics, a long-lost branch of economic thought making a resurgence in-light of the 2008 financial crisis.