TPOVs @F-L-O-W

"It's not only the Germans who want to repatriate their gold -- so do the Texans. 
In 2011, the University of Texas endowment -- the second-largest in the country after Harvard -- disclosed it took delivery of $1 billion in bullion, comprising 5% of its portfolio. That was largely at the behest of board member -- and hedge fund genius -- Kyle Bass." - Agora 5

Ordinarily you wouldn't think much about this, especially if you know TEXAS and TEXANS, they have ALWAYS been a contrary group... But!

Definition of FAITH

1 a : allegiance to duty or a person : loyalty

b (1) : fidelity to one's promises

(2) : sincerity of intentions

2 a (1) : belief and trust in and loyalty to God (2) : belief in the traditionaldoctrines of a religion

b (1) : firm belief in something for which there is no proof

(2) : complete trust

3: something that is believed especially with strong conviction; especially : a system of religious beliefs <the Protestant faith>

Now faith is the substance of things hoped for, the evidence of things not seen (Hebrews 11:1, KJV).

I thought the biblical definition was apropos in looking at what is taking place in a system that is largely created through faith, both religious, and economical.

From the wiki:
 
Fractional-reserve banking predates the existence of governmental monetary authorities and originated many centuries ago in bankers' realization that depositors generally do not all demand payment at the same time.^[5]
Savers looking to keep their valuables in safekeeping depositories deposited goldand silver at goldsmiths, receiving in exchange a note for their deposit (see Bank of Amsterdam). These notes gained acceptance as a medium of exchange for commercial transactions and thus became as an early form of circulating paper money.^[6]
As the notes were used directly in trade, the goldsmiths observed that people would not usually redeem all their notes at the same time, and they saw the opportunity to invest their coin reserves in interest-bearing loans and bills. This generated income for the goldsmiths but left them with more notes on issue than reserves with which to pay them. A process was started that altered the role of the goldsmiths from passive guardians of bullion, charging fees for safe storage, to interest-paying and interest-earning banks. Thus fractional-reserve banking was born.
However, if creditors (note holders of gold originally deposited) lost faith in the ability of a bank to [pay] their notes, many would try to redeem their notes at the same time. If in response a bank could not raise enough funds by calling in loans or selling bills, it either went into insolvency or defaulted on its notes. Such a situation is called a bank run and caused the demise of many early banks.^[6]
Starting in the late 1600s nations began to establish central banks which were given the legal power to set reserve requirements and to issue the reserve assets, or monetary base, in which form such reserves are required to be held.^[7] The reciprocal of the reserve requirement, called the money multiplier, limits the size to which the transactions in money supply may grow for a given level of reserves in the banking system. In order to mitigate the impact of bank failures and financial crises, governments created central banks – public (or semi-public) institutions that have the authority to centralize the storage of precious metal bullion amongst private banks to allow transfer of gold in case of bank runs, regulate commercial banks, impose reserve requirements, and act as lender-of-last-resort if any bank faced a bank run. The emergence of central banks reduced the risk of bank runs inherent in fractional-reserve banking and allowed the practice to continue as it does today.^[3][8]
Over time, economists, central banks, and governments have changed their views as to the policy variables which should be targeted by monetary authorities. These have included interest rates, reserve requirements, and various measures of the money supply and monetary base.