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I tend to see the lack of any meaningful interest being paid to borrow a thing... as a proof the thing being borrowed lacks real value... lacks demand... or, in the inverse, suffers an excess supply... all being the same thing in context of supply/demand balances re worthless / mismanaged fiat currencies.
Not a benefit to have your own holdings of others worthless things... be valued even less than at the origin ?
Hmmm.
Here's a vid with about the most direct description of the Basel III issues I've seen... which still gently steps around the issue that the presentation we're given of "competition" between U.S., China, Europe, etc., is a fraud in the sense that the BIS isn't playing favorites... as "they're all in on it"... China knows what the plan is... as much as anyone else does... and are participants in sustaining the frauds that enable "banking" to exist as it does... right along with the rest of them ? That Basel III seeks to back away from forced dependence on / tolerance of fraud in the metals trade, slowly... while sustaining the fraud in order to enable ending it ? Hmm.
The bottom line extends beyond "money" issues... the point I make often enough that "No difference between communists, capitalists and kings... other than who gets to be king"... as all are the face of amoral materialistic systems, versus free markets that are based in morality... and apply that morality to economics.... beginning by recognizing the individual as the basic unit of society... the ultimate minority whose rights must be defended against the self interest of "groups"...
Bigger picture, still, than money, the philosophy of free markets isn't about markets, but freedom... Bottom line is that all government is just organized crime... all run by thugs who have (by whatever means) taken control... with the singular exception in limited government... in which the thugs are kept in check... to serve only legitimate purposes advancing the interests of individuals, rather than their own self interest, or the self interest of groups, or the bureaucracy...
In China, there is no question... the thugs rule... and there can be only one group. In Europe... the thugs rule the European bureaucracy... but don't have firm control over individuals states... as is also true in the U.S., where that's the conflict that exists now... as the thugs are trying to take control... and escape the imposition of limits on their power... which is why the local and global conflicts today aren't all and only about ideology... but about subversion by power seekers on "both sides" of the political divisions that are postured... when the reality being imposed byf the "one world government" crowd of globalists... intends to expand the local control of the national socialism that now rules the global economy...
Modern bankers are NAZI's... hoping to succeed in making a world run by NAZI's... with the bankers directing things in bankers self interest... above all others. Crypto challenges them... as we really don't have any need for bankers, or other financial intermediaries, any more...
The bankers, and others like them, who serve no legitimate purpose, will either succeed and take over the world... by illegitimate means... or they will be relegated to the dust bin of history... as they should be.
