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.
Morning Update: ESG Global Banking Cabal Collapses
Today on the GT Morning update, a UN-sponsored global banking cabal set up to force compliance with net-zero carbon emissions and ESG, whether you want to or not, has just fallen apart. Related Links: https://legalinsurrection.com/2025/10/global-warming-cooldown-net-zero-banking-alliance-melts-away-after-member-exodus/ https://legalinsurrection.com/2025/01/six-major-us-banks-pull-plug-on-net-zero-alliance/ https://uk.finance.yahoo.com/news/global-banking-climate-group-stop-111518258.html? https://wattsupwiththat.com/2025/10/06/sea-level-rise-hoax-exposed-the-disappearing-islands-that-refuse-to-disappear/ https://tidesandcurrents.noaa.gov/sltrends/sltrends_station.shtml?id=8419870 https://www.esgtoday.com/net-zero-banking-alliance-ceases-operations/ Speakers’ opinions are their own and may not represent those of Grok Media, LLC, GraniteGrok.com, … Read more
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?