Understanding a diseased points of Fractional Reserve Banking
Fractional Reserve Banking Commentary 1
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I think a funnier question would’ve been, “what do you think about Glenn Bekkk?”
I understand the video is based on modern money mechanics?
rayservers . com / images/ModernMoneyMechanics.pdf
For some reason, I find that question hilarious.
Sal, what do you think about Ron Paul?
the problem becomes that the person is usually only trying to save this money. if all banks were based on investment with minimal returns there would be demand for depository institutions. right now that demand exists but starting up a depository institution would be a cross between illegal and idiotic in america today…
No. Wish I did.
My guess is that most of it ended up making the AIG credit default swaps good and keeping Citibank propped up (via debt that they keep turning into equity at inflated prices).
Thanks Sal. So Sal, do you know where the 700 Billion dollars went? I think Professor Elizabeth Warren wants to know. It seems to have disappeared.
Fractional Reserve Banking is simple fraud in a bailor-bailee relationship, but designated legal under the current system. For example, if the company Public Storage secretly rents out your furniture hoping 10% of the time you use it is just fraud, but completely legal for banks.
“I think I could ask my son, when he’s old enough to talk, what’s wrong with this” 7:00
lmao!! Your son is probably already smarter than most of the Senate banking committee.
Sal you are a tireless and brilliant teacher!
You would still have the bank run problem.
thanks for bringing more banking videos Sal!
One thing: If the banks inform the people that make deposits what they do with their money to begin with, what is the problem then?
haha i like the targeted add next to this video, lol
First to thumb down the first poster!
first