Money As Debt - Chicagoland Sportbikes
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post #1 of 3 (permalink) Old 01-30-2008, 01:30 PM Thread Starter
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Money As Debt

A lot of people simply don't understand anything about their own monetary system. This video gives a nice overview of how money is created and how banks function. It's pretty interesting stuff if you don't know about it already.

http://video.google.com/videoplay?do...74362583451279
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post #2 of 3 (permalink) Old 01-30-2008, 02:12 PM
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Not factual, money that is not lended out on a bank's deposits is borrowed from other banks or the fed. Hence, the reason the fed changes this rate to control the flow of borrowing. This video seems to leave that step out but I did not watch the whole thing.

Money does not appear out of no where everytime a loan is created, it all rolls back to the Fed at one point. I do agree gold and silver no longer back our currency..
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post #3 of 3 (permalink) Old 01-30-2008, 02:39 PM Thread Starter
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Quote:
Originally Posted by CHI1000RR View Post
Not factual, money that is not lended out on a bank's deposits is borrowed from other banks or the fed. Hence, the reason the fed changes this rate to control the flow of borrowing. This video seems to leave that step out but I did not watch the whole thing.

Money does not appear out of no where everytime a loan is created, it all rolls back to the Fed at one point. I do agree gold and silver no longer back our currency..
They cover the subject of the federal bank further into it.
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