FORUMS > The Sin Bin > Another 'I dont understand the banking system' Thread |
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30596_1286642206.jpg If there is no struggle, there is no progress. Those who profess to favor freedom, and yet depreciate agitation, are men who want crops without plowing up the ground. They want rain without thunder and lightning. They want the ocean without the awful roar of its many waters. This struggle may be a moral one; or it may be a physical one; or it may be both moral and physical; but it must be a struggle.
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| And The KLF burnt the rest of it.
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Others/bones.jpg (23:25:06) Thecko: who'd want to rent a book?
(23:25:10) Thecko: oh, libraries :Others/bones.jpg |
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| Quote: LeighGionaire "Two reasons -
1) Reserve requirement - there is supposedly a ceiling on how much money they can create depending upon the amount of deposit money they have.
2) They need a borrower's signature to create the money.'"
No, it's because they have to front up the money 'cos they can't create it. Banks create liquidity not money. Part of the problems at the moment steam not from a lack of money in the economy (there's actually more money as governments, who can create money, have created it) but a lack of liquidity from banks not lending.
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Quote: handrags "if that where true wouldnt house prices be at rock bottom ? and if you do default on your morgage the bank would own your house [ still a valuble asset], Yet the yanks owe trillions, and yanks rent property as do most europeans so thats not the simple answer.'"
Look at property prices in Detroit if you don't think they are rock bottom. In this country all BoE and government policy is aimed at keeping property prices artificially high.
Eg www.homes.com/Real_Estate/MI/City/DETROIT/
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Quote: handrags "if that where true wouldnt house prices be at rock bottom ? and if you do default on your morgage the bank would own your house [ still a valuble asset], Yet the yanks owe trillions, and yanks rent property as do most europeans so thats not the simple answer.'"
Look at property prices in Detroit if you don't think they are rock bottom. In this country all BoE and government policy is aimed at keeping property prices artificially high.
Eg www.homes.com/Real_Estate/MI/City/DETROIT/
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2051.jpg The older I get, the better I was
Advice is what we seek when we already know the answer - but wish we didn't
I'd rather have a full bottle in front of me than a full-frontal lobotomy
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| Quote: Dally "Look at property prices in Detroit '"
Nice pick.
Have you ever been to Detroit?
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995.gif "If the American people knew tonight, exactly how the monetary and banking system worked, there would be a revolution before tomorrow morning."
-Abraham Lincoln:995.gif |
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Quote: SBR "Quote: SBR "Two reasons -
1) Reserve requirement - there is supposedly a ceiling on how much money they can create depending upon the amount of deposit money they have.
2) They need a borrower's signature to create the money.'"
No, it's because they have to front up the money 'cos they can't create it. Banks create liquidity not money. Part of the problems at the moment steam not from a lack of money in the economy (there's actually more money as governments, who can create money, have created it) but a lack of liquidity from banks not lending.'"
I've shown you many examples of people stating that banks do indeed create money yet you still refuse to accept it as fact, why is that? What makes you dismiss official bank literature and economists comments that explain that banks can and do inflate the money supply?
Here's another one, Detlev Schlichter an 'Economist who has worked in finance for 20 years including stints at Meryll Lynch and J.P Morgan', talking on The Kaiser Report 13.25 minutes in -
www.youtube.com/watch?v=C8FIXhDJ8o0
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Quote: SBR "Quote: SBR "Two reasons -
1) Reserve requirement - there is supposedly a ceiling on how much money they can create depending upon the amount of deposit money they have.
2) They need a borrower's signature to create the money.'"
No, it's because they have to front up the money 'cos they can't create it. Banks create liquidity not money. Part of the problems at the moment steam not from a lack of money in the economy (there's actually more money as governments, who can create money, have created it) but a lack of liquidity from banks not lending.'"
I've shown you many examples of people stating that banks do indeed create money yet you still refuse to accept it as fact, why is that? What makes you dismiss official bank literature and economists comments that explain that banks can and do inflate the money supply?
Here's another one, Detlev Schlichter an 'Economist who has worked in finance for 20 years including stints at Meryll Lynch and J.P Morgan', talking on The Kaiser Report 13.25 minutes in -
www.youtube.com/watch?v=C8FIXhDJ8o0
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995.gif "If the American people knew tonight, exactly how the monetary and banking system worked, there would be a revolution before tomorrow morning."
-Abraham Lincoln:995.gif |
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The debt based money system is the prime reason that the gap between the rich and poor consistantly grows wider and wider as explained in this video -
www.youtube.com/watch?v=hx16a72j__8
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The debt based money system is the prime reason that the gap between the rich and poor consistantly grows wider and wider as explained in this video -
www.youtube.com/watch?v=hx16a72j__8
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