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I see that as being pretty inconsistent; banks don't

Posted on: October 15, 2017 at 21:14:40 CT
tigerdb MU
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voluntarily hold reserves - in your prior post, I understood your position to be that you believe their reserves are inadequate. I don't see the elimination of the fed/fed govt as doing anything other than lowering their reserve %.

Furthermore, banks park $ in treasuries and other government securities. Repudiating the federal government would break every bank in the country.

No fed/no fdic and I sure wouldn't put much $ in a bank.
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tigerdb: what would happen if tomorrow morning, every - ummmm MU - 10/15 19:03:35
     ummm, in your world, I assume that those banks wouldn't be - tigerdb MU - 10/15 20:32:04
          Also, how about answering my question? - ummmm MU - 10/16 07:56:03
          Wow, you are so underinformed about this. - ummmm MU - 10/16 07:54:35
          ? - You do understand fractional reserve banking, right? (nm) - JeffB MU - 10/15 22:11:10
               W/o government and REGULATIONS, why would banks - tigerdb MU - 10/15 22:28:07
                    I was not talking about eliminating government... I was - JeffB MU - 10/15 22:40:48
                         this thread is his follow-up to his earlier thread - tigerdb MU - 10/15 22:49:22
                              I've started this thread to address your wild distraction - ummmm MU - 10/16 07:55:40
                              OK, I'm not in favor of repudiating the federal debt... - JeffB MU - 10/15 23:45:55
          Maintain reserves ? They dont do that now - Preacher UMKC - 10/15 20:37:03
               and since you're stepping in as ummm's dance partner on this - tigerdb MU - 10/15 20:48:10
                    This is a complex question as i question our banks solvency - Preacher UMKC - 10/15 21:05:13
                         I see that as being pretty inconsistent; banks don't - tigerdb MU - 10/15 21:14:40
                              1. eliminating the Fed is not the same thing as eliminating - JeffB MU - 10/15 22:15:16
                                   How would the Fed be retained if the federal government - tigerdb MU - 10/15 22:25:23
                                        Fed employees are not government employees. - ummmm MU - 10/16 07:58:06
                                        I was talking the other way around... You can eliminate - JeffB MU - 10/15 22:34:36
               Oh really...gramps - tigerdb MU - 10/15 20:44:57
                    Can you read son? - Preacher UMKC - 10/15 21:13:05
                         Sure gramps, I can read - if they only loaned out an amount - tigerdb MU - 10/15 21:17:10
                              My idea of "reserve" Is not 10% of what your loaning out - Preacher UMKC - 10/15 21:22:13
                                   I agree with most of this - tigerdb MU - 10/15 21:30:14
     Not going to happen - Preacher UMKC - 10/15 19:06:40
          I tried to draw out 20K to pay for a car - tman KC - 10/15 19:25:13
          Tell that to tigerdb, not me. - ummmm MU - 10/15 19:10:24
               I know that dumb ass....How much $ do you think you would - tigerdb MU - 10/15 20:21:07
                    I have no delusions about the instability of any and all - ummmm MU - 10/16 07:56:39




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