Banking Archives - Granite Grok

Banking

Money cash

Is the Money in Your Checking Account Yours or the Bank’s?

When Silicon Valley Bank and other banks failed earlier this year, the debate over the sustainability of fractional reserve banking resurfaced. Under fractional reserve banking, banks keep only a fraction of customers’ deposits in reserve. The difference is bank credit, such as government debt, mortgages, business loans, and many other kinds of loans.

Rebuild NH

Support Bill to Ban Social Credit Scores

I apologize for the last-minute email, but these bills snuck past me, even though our own treasurer, JR Hoell, co-sponsored HB 225. While both of these bills tackle the same issue, I personally feel that HB 225 is likely a better solution.

Big Tech vs. Banking & Big Government: Round 1

Facebook announced last month it would launch a global cryptocurrency in 2020. The announcement said Facebook and 28 partners would form a consortium. The partners include: MasterCard Inc., PayPal Holdings Inc., and Uber Technologies Inc.; among others. The new partnership will form under the name Libra Association. The purpose of Libra is to govern the …

Big Tech vs. Banking & Big Government: Round 1 Read More »

Four Years All For Naught?

I have just three thoughts to share for the moment; Carol had four years in a democrat majority congress–which promised to clean up the swamp, two of them with a democrat president, and I do not see any attempt by her party or by Carol herself (she is defined legislatively as a follower not a leader) to address this or anything else outside the big blue box of liberal progressive agenda items.

Carol Soros-Porter 2.0 [Updated]

Nothing says banking, special interests, or rich SOB’s like George Soros. So as you contemplate all the things you have to be thankful for, one of which has to include the defeat of Carol Shea-Porter just a few weeks ago, ask yourself why the guy who has spent hundreds of millions of dollars and fronted dozens of groups, for the sole purpose of destroying America from within, has a family interest in the political fortunes of the soon to be former congresswoman from CD-01?