He spent all his time arguing about the ****ing way I worded my opinion and never once grasped the actual issue, which is just about the most important issue that has dominated our history for the last 400 years.
Yes of course - i will just need 50p from Hothead first, and interest will be charged at 10% a year, so from Hotheads 50p i can double it to £1 in just 1 year . Hothead I will give you 0.5% interest back, so you will make a quarter of one penny. So to be clear I will use your money to make 100% interest and you get 0.5% (although your 0.5% wont be worth much because i just inflated the money supply by creating £4.50 out of thin air, so sorry but you 50.25p wil now be worth less than what you gave me). Fotrunately for me I dont have to pay a single penny interest on the £4.50 that doesnt exist yet, so I am up 49.75p from Hotheads original 50p and I couldn't give a **** about a few extra points of inflation because i just almost doubled somebody else money and took nearly all of it for myself . Now I hope you all understand that if I do this, it will only be for BTDM's benefit - its NOT for me.
will the Fed Reserve be warned? What if I actually want 5 Euros- does that affect the Spanish Bank asking for 19bn euros?
Look out, we have a genius over here. So you are saying commercial banks employ a business model? Revolutionary. There is nothing stopping Hothead from depositing his money to a full reserve bank. In fact you can open one such bank right now, and employ a business model that doesn't rely on interest (good luck with that). But, he made a choice to deposit his money to a fractional reserve. He can keep it in a safety deposit box for all I care, he has the option. You can make an example of FRB leading to inflation, but if the money that is lent (which can only be a fraction of the banks liabilities btw) is used productively, i.e. the investment increases production, etc, it can lead to deflation as well. It obviously has happened before, and will happen again, and over a longer course of time it has balanced out pretty damn well. Are there less risky alternatives? Sure. Would they foster the same economic growth[1]? Unlikely, but there is nothing that is deployed on massive scale that we can compare to. [1] the type of economic growth, which if hampered, would see people lose benefits, decrease their standard of living etc, etc. These same people think they are entitled to these things, and always expect more.
BTW, if FRB is a tool for the spooky Rothschilds, the supposed owners of about everything, to get richer... why is the governer of the BOE in favor of doing away with Fractional Reserve Banking?
Perhaps dear old Mervyn has found redemption . Still, lets wait for some action first heh. The man has been resisting any detailed enquiry into the BOE for a long time. Perhaps he sees the writing on the wall. Its all a tad late now anyway - we've been indebted to the banks for generations to come.
A business model Some model - use other people's assets and earn money from it, giving the asset owner a miniscule portion of the profit. Nice model if you can get it There are no redeeming qualities about FRB. It feeds and exploits human greed at the expense of savers, who see their money devalued over time, whilst bankers get rich on it. God forbid if something goes wrong, as it has, and the greedy have over stretched their debt - then they lose it all to ... yep, the banks. Only an immoral, disgusting individual can see the good in FRB. It is conterfeiting and fraud. The reason so few know about it is because the banks never advertise it - 99% of people have no clue what is going on and that is why they get away with it. I wonder what people would do if on their bank statements it showed the interest recieved on their money and next to it the amount the bank had made on their money? I wonder would it be such a good product and business model then? By the way, deflation can be the result of fractional reserve banking, almost always after an inflationary period - also caused by fractional reserve banking. It is the root cause of both problems. When too much money has been injected into the supply inflation occurs - which can lead to price increases. At this point the banks reign in the money supply which leads to deflation - as happened during the credit squeeze after they ****ed up economies all over the world. Remove FRB and the wild economic swings created by the banks are far less likely - although they rather like to call their ****s ups the business cycle. During both sides of the business cycle the consumers suffer - borrowers during deflation, and savers during inflation. The banks however profit from both sides. When their profits are hit due to less money supply, the tax payer has to step in and give them huge sums of cash to make up for it - as we saw with the $16 trillion given to them since 2008 by the FED. Disgusting in the extreme.
Not sure why you are laughing you chummer, Jayram has got you to the point where you cannot answer any of the questions he is asking you - the very same questions I was asking you about banking. So either I - the 2nd wisest man in the thread - know more than you about the industry you "claim" or "claimed" to work in because I am intelligent or you are as thick as an inbred donkey
ding a ling a ling - ROUND 4- 'points will be deducted for slapping, spitting and gouging' 'apart from that you may beat the living daylights out of each other'.........
