You don't understand. The loans are returned. The banks have extra $14,000 from $1,000 they had. They were allowed to lend $15,000. They have only $1,000 (cash) at hand. Are you that dense?
now run the bank for cash
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north
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Thu 18 Nov, 2010 09:02 pm
inotherwords if all the members of the bank wanted their cash right now could they get it , NO
because most of the cash is tied up in loans
thats why Obama did what he did for the banks , if people knew that the bank was bankrupt or was going bankrupt , they'd rush to get there money out of the bank , physically and/or electronically
And since only 3% of the US money supply exists as actual money, that would not do.
What's the word for it... if you sell something you don't have... I'm sure theres a word for it, there's even a punishment for it if anyone but a bank does it...
And since only 3% of the US money supply exists as actual money, that would not do.
What's the word for it... if you sell something you don't have... I'm sure theres a word for it, there's even a punishment for it if anyone but a bank does it...
If you saw the dvd on Gold History Channel you will see that Nixon tied the link of the dollar to gold as the Vietnam war was so costly the US didn't have the gold so the US dollar became a fiat money.
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Among the economic fields in which Jews today are especially visible is investment banking -- "Wall Street," including interconnected networks of lawyers and other legal and economic manipulators stretching deeply into Hollywood and the mass media.
Promoting The So-Called War On Terror: America’s Foreign Policy which is controlled by the Jewish Lobby is promoted by the Jewish Media whose executives attend the same synagogues & country clubs as the Jewish Lobby leaders.
Promoting Pornography, Homosexuality, & Lesbianism: Jews through their Media control are hell-bent on destroying Christian morality & consciousness in America. Thus they gain control over the subverted masses.
Promoting Political Candidates Who Support Zionism: A perfect example of this is the Jewish Media’s blackout of Presidential candidate Ron Paul who spoke against military & financial aid to Israel Here.
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talk72000
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Thu 2 Dec, 2010 02:53 pm
There is good video showing loan sharking by credit card companies and big banks. The banks were intent on getting peoples homes by foreclosure. This was created before the financial meltdown.
The error in the video is that the emphasis is on interest payment which is a minor income generator. It is the return of the loan that is the money generator. If they had $1,000 they could lend out $10,000 with interest. The loans had to be paid back after a certain period. They get back $10,000 plus interest from $1,000.
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roger
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Mon 4 Jul, 2011 01:39 am
@Cyracuz,
Looie the Loanshark doesn't use fractional reserve practices. One hundred percent of what he loans is covered as he only lends what he actually has. Needless to say, Looie expects a good return on capital. In fact, he demands it.
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JLNobody
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Mon 4 Jul, 2011 11:00 am
Why in the world is this in the Philosophy category?
I didn't tag it, but anything that doesn't seem either useful or reasonable usually turns out to be somebody's 'philosophy'. Sorry about Looie, but he is totally unleveraged.
Well, Looie could have been a part of Damon Runyon's world on Broadway. I just kind of made him up to illustrate that fractional reserve banking might not be the worst possible way to lend money.
