Perhaps not cropping my statement would be more honest Toddie. The statement was "When the banks can leverage by 10X the 'deposits' and loans" where the loans make up the bulk of the manufactured money, but hey, why address the point when you can attack the strawman? LOL
Anywayz you shill for a corrupt system and it's fun to coax it out of you.
Do you seriously believe the Treasury and the FED are not joined at the hip with regards to monetary policy? That they are somehow discrete entities that have no overlapping common interest?
How does a bank do that? A $1000 deposit allows a $900 loan. Not a $10000 loan.
Do you seriously believe the Treasury and the FED are not joined at the hip with regards to monetary policy?
You were talking about loans your grandchildren will be repaying. Those would be TARP loans administered by the Treasury, not the Fed.
its none of my business really, but do you have/had a mortgage on a house?