Mr. Sandeep Jaitly talks about “Fractional reserve banking”

Posted on January 7, 2011 by Rudy Fritsch

Mr Sandeep Jaitly’s important talk on the temporal distortion that lies at the root of the problem with Fractional Reserve Banking is now live on You Tube. See link below to visit my You Tube channel, and see the video.

About Rudy Fritsch

I was born in Hungary in 1947, and fled Socialist tyranny during the Hungarian Revolution of 1956. My family had lived through WWII and the consequent Hungarian hyperinflation, thus I have intimate experience with financial destruction. My Dad used Gold to buy our way out of Hungary. Paper money was as good as toilet paper. Later in life, during my studies of Austrian economics, I came to realize that only Gold could solve the Global Financial Crisis (which should be called the Global Monetary Crisis), just as Gold solved our otherwise insoluble problem of getting out of Communist Hungary.
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