Risk free return = return free risk
Lender of last resort = counterfeiting operation to backstop a Ponzi scheme
Fractional reserve = fictional reserves
Policy makers = central planners
Elites = parasites
Federal Reserve = the 5th plank in Marx’s Communist Manifesto
Fiat currency = government Chuck E. Cheese arcade tokens, confetti created from thin air
Interest rates = the price of money and most important prices in the entire economy, manipulated by central planners
Inflation = increase in money supply
Depositors = unsecured lenders to a bank
Bank deposits = IOU from a bank
Deposit insurance = false sense of security
Bail-in = using depositors funds to shore up a Ponzi scheme
Bank holiday = surprise restrictions on depositors to prevent them from fleeing
Haircut = theft
Regulations = anti-competitive barriers to entry to protect large incumbents and empower politicians
Official denial funds are at risk = confirmation funds are at imminent risk