To: dennisw
They don't keep it in the sense of "let's print up $250K and buy a Ferrari".
More like - "let's take our $1million of reserves, use it to create $10 million of out thin air and loan the $10MM @ 6% interest. Then we take the interest we earned (on nothing) and buy a Ferrari with it".
Essentially the same thing.
To: dollarbull
It is there right under the freedom of contract, don't you know! What are you some kind of class envious socialist, an iconoclastic radical trying to destroy a world made by your social betters.
At this point I would settle for a bit of humility from these stumblebums. An apology and an admission that they were not really as clever as they thought they were.
To: dollarbull; Fan of Fiat
More like - "let's take our $1million of reserves, use it to create $10 million of out thin air and loan the $10MM @ 6% interest. Then we take the interest we earned (on nothing) and buy a Ferrari with it".I'd ask you to walk us thru the steps, but you've already run away every time I ask. It's like you're making it up as you go.
363 posted on
03/14/2008 5:36:28 PM PDT by
Toddsterpatriot
(Why are goldbugs and protectionists so bad at math?)
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