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To: iconoclast63
I suggest you do your own research because you obviously have no data to refute my assertions or you would have provided it.

I know you're an ignorant noob, but the way it works is if you make an assertion, you should provide a source that backs you up.

According to mwhodges.home.att.net total public and private sector debt excluding contingent liabilites is $48.4 Trillion.

Adding government debt to private debt and then claiming the American people are in debt is just a little bit (okay, a lot dishonest). And discussing debt without including assets is pointless. My debt has doubled in the last 10 years. Wow! My net worth has increased by over 900%. My debt doesn't sound as scary now, does it?

How is government spending money into the system MORE inflationary than allowing a central bank to loan it?

You'd have to compare how much the government currently borrows to how much the Fed buys in Treasury securities. But if you did that, you wouldn't have made the stupid mistakes you did upthread.

Banks create money when they use a deposit as the basis for a new loan then immediately return the money to the depositor.

But they can't do that. If the depositor pulls $1000 out, in your example, they'd have to shrink loans by $800. I know you don't understand that either.

AMI is proposing to replace ALL existing Federal Reserve Notes with actual hard cash in the form of United States Notes.

FRNs are bad but United States Notes are good? That's funny!

and going forward banks would ONLY be allowed to loan ACTUAL cash held in their vaults that BELONGED to the bank.

So, they'd be able to loan 100% of deposits instead of the current 90%. How is that better?

They would no longer be allowed to loan depositors money unless the depositor agreed to allow the bank to hold their cash for the full term of the loan.

Reserve requirements are lower (maybe 0%) on long term deposits already.

Fractional reserve banking would be prohibited.

Well, 100% isn't a fraction. So what?

Please learn how to format. It's hard enough following your stupid posts, don't make it harder than it has to be.

HTML Bootcamp

98 posted on 06/20/2007 4:07:05 PM PDT by Toddsterpatriot (Why are protectionists (and goldbugs) so dumb?)
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To: Toddsterpatriot
Adding government debt to private debt and then claiming the American people are in debt is just a little bit (okay, a lot dishonest). And discussing debt without including assets is pointless.

I borrowed $100 from my wife's purse to buy a savings bond. Therefore, US / private debt just went up $200! We're DOOMED!

How's that for goldbug math?

99 posted on 06/20/2007 4:46:02 PM PDT by Fan of Fiat
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