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| FORUMS > The Sin Bin > Another 'I dont understand the banking system' Thread |
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| Rank | Posts | Team |
| International Chairman | 1437 | No
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| Joined | Service | Reputation |
| Feb 2002 | 23 years | |
| Online | Last Post | Last Page |
| Apr 2017 | Mar 2017 | LINK |
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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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| Rank | Posts | Team |
| International Chairman | 1437 | No
Team
Selected |
| Joined | Service | Reputation |
| Feb 2002 | 23 years | |
| Online | Last Post | Last Page |
| Apr 2017 | Mar 2017 | LINK |
| Milestone Posts |
|
| Milestone Years |
|
|
| Location |
|
| Signature |
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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