To: dollarbull
The alternative is hard assets with no fractional reserveYou should do that then.
aka money printed out of thin air.
When a bank loans out a fraction of customer deposits, that fraction is less than 1 so they are not printing money out of thin air.
Try to get some info from someplace other than goldbug sites. You might learn something.
405 posted on
07/10/2008 7:59:01 AM PDT by
Toddsterpatriot
(Why are doom and gloomers, union members and liberals so bad at math?)
To: Toddsterpatriot
When a bank loans out a fraction of customer deposits, that fraction is less than 1 so they are not printing money out of thin air.
The entire banking system creates money out of thin air - not one individual bank. We've discussed this before. It's a failed system that never works long term. Collapse and gov't bailout wipes the slate clean and a new generation of suckers buys into it.
You saying the system (fractional reserve lending) works, while at the same time watching the financials either go bankrupt or lose 90% of their value is like bagdad bob saying Iraq is winning the war...it's hilarious but in a way sad - you'll only wake up when it's too late
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