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To: Toddsterpatriot
OOps, forgot an html tag. The post should have read:

Yes! Banks want to hold lots of real estate. Sure way to book big profits. How's that been working?

It works quite well for those with long-term perspective...and these people think very long term.

We've had fractional reserve banking as long as banks have taken deposits and loaned a portion of those deposits back out. Hundreds of years. Even under a gold/silver standard. It has nothing to do with the Fed.

This scheme is old, and dates at least back to ancient Babylon. The fact that the Fed is only about 100 years old doesn't make this fraudulent confiscation of wealth any less fraudulent. The FED is just one in a series of tools used for theft. By the way, the same bloodlines are implicated all along the passing millenia. Babylon's banksters went to Rome, and then medieval Venice, thence to

50 posted on 11/17/2012 11:42:42 AM PST by Renfield (Turning apples into venison since 1999!)
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To: Renfield
It works quite well for those with long-term perspective

When banks need to increase their capital, now, holding money losing real estate doesn't work.

and these people think very long term.

Yes, taking massive losses on real estate is long term thinking. Not taking losses works better, quicker.

This scheme is old, and dates at least back to ancient Babylon.

Yes, banking is old. Not sure why you call it a scheme.

The fact that the Fed is only about 100 years old doesn't make this fraudulent confiscation of wealth any less fraudulent.

Banking is theft? Don't do it, tovarisch.

The FED is just one in a series of tools used for theft.

Don't blame theft when ignorance makes more sense.

53 posted on 11/17/2012 12:28:10 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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