Todd, if you agree that the banking system creates money out of thin air (your words, post 331), and I gave you the fed paper showing how banks "create deposits" (fed's jargon - substitute "loan money into existence", or "create money out of thin air") based on the reserve ratio then what is your disconnect? It seems to me you're just being argumentative to cover the fact that you're trying to change your position w/o admitting it. Either that or you've got the worst case of cognitive dissonance I've ever seen.
Maybe you're sweating your ING and BAC positions with the BSC news out this morning? Take a break and come back in a few days after your head clears.
based on the reserve ratio then what is your disconnect?It's not my disconnect, it's your's.
Answer the questions about your new bank. It should be easy, just read your Fed link and get back to us.
It seems to me you're just being argumentative to cover the fact that you're trying to change your position w/o admitting it.
Which position do you think I'm trying to change?
Maybe you're sweating your ING and BAC positions
Why would I be sweating my ING position? It tripled since I bought it. And paid some nice dividends.