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- Hey Sean, this is a great film for opening people's minds. I'm not sure how I feel about all of his claims. I've watched the film twice now, the first time was over the summer and the...
- Hey I was there last Thursday, the day after the measure was defeated. The good news is that this radical legislation got about 40% support, which means it could likely pass next year. Also, the...
- This sounds a lot like the artist guilds of antiquity, which, while providing an organization to the community was also considered oppressive and constricting, effectively censoring countless...
- Anybody who couldn't spot this charlatan from the back in the summer really should precluded themselves from voting until they develop better recognition skills. How many times did I hear this...
- Great poster - I used it on my site for my latest column. http://www.cbrookskurtz.com/articles/2009/3/5/you-have-nothing-to-fear-but-your-hopes-and-dreams.html?SSScrollPosition=0
rise up Rochester
energizing the peaceful resistance in Western New York
Stop this 10% reserve requirement and have a 100% requirement that is fully accountable by the people, for the people.
End the private banking monopoly on money now.
Support the following act that I have included here ... Continue reading »
End the private banking monopoly on money now.
Support the following act that I have included here ... Continue reading »
8 months ago
Spreading misinformation, or misleading people is irresponsible in my mind, I'd love to hear your response.
If you really feel the government is ripping you off that badly with inflation, have you considered TIPS (treasury inflation-protected securities)?
8 months ago
If you don't have time for Money Masters, perhaps you should watch Money as Debt instead here: http://video.google.com/videoplay?docid=-905047....
Please do not insult people on this site by suggesting that somehow we are against investment. Inflation kills investments and so does holding the inflation rate artificially low. Think about it, if Bernanke sets the rate at 2% in the US but the free market interest rate in Freemarketland is 7.5%, where would you invest your money? Artificially low investment rates have been driving investors away from our economy for years. Also, the real inflation rate in this country has been MUCH higher than the government numbers for years, wiping out any "gains" made over the official amounts. Check out shadowstats.com
8 months ago
No one sets an inflation rate. No one.
8 months ago
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8 months ago
... to buy a house, a car, finance an education...
Without fractional reserve banking, not only would loans be impossible (except via individual brokers), the amount of money used to create enough money for transactions would be horrendous.
8 months ago
6 months ago
Read the bill again, specifically section 12. Though the bill does prohibit fractional reserve banking, it does not prohibit lending and credit. It merely affirms that it is the DEPOSITOR'S money, and therefore it is the DEPOSITOR'S decision to lend it out. The DEPOSITOR is the one that takes on the risk (and receives the reward) for lending his/her money out.
Yes, there would be less credit available, but there would still be a healthy amount. You would still be able to give an entrepreneur a good chunk of start-up capital, but people would live entirely in debt.
It's the perfect solution, really.