Switzerland To Vote On Ending Fractional Reserve Banking
According to the World Economic Forum, Canada is ranked #1 in the world for “the most sound banking system in the world”
>> Canadian banks received a bailout in 2009 from the Fed, BoC, and CMHC;
>> The key reason underlying this bailout was that Canadian banks are actually under-capitized;
>> Canadian banks operate under a fractional reserve system, with 0% reserve requirement;
>> The Canadian Deposit Insurance Corporation does not hold enough cash on hand;
>> Canadian banks hold the majority of their balance sheets on non-productive assets;
>> The Bank of Canada has virtually no gold left to back their monetary system
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