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I was not talking about eliminating government... I was

Posted on: October 15, 2017 at 22:40:48 CT

JeffB MU

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talking about the fractional reserve system our banks operate on, which is what I assumed ummmm was alluding to.

https://www.quora.com/If-I-deposit-100-into-a-bank-with-a-fractional-reserve-rate-of-10-how-much-can-the-bank-loan-out

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REPLY

MESSAGE THREAD

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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