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To: Kaslin

The only way to stop this is 100% reserve requirement for all banks etc. No more credit out of thin air.


5 posted on 09/29/2008 5:59:37 PM PDT by freeforall (Answers are a burden for oneself, questions are a burden for others.)
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To: freeforall
The only way to stop this is 100% reserve requirement for all banks etc. No more credit out of thin air.

Thanks for the economic advice Herbert.

8 posted on 09/29/2008 6:02:30 PM PDT by vbmoneyspender
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To: freeforall
The only way to stop this is 100% reserve requirement for all banks etc. No more credit out of thin air.

I've seen this posted several times, by different FReepers, and I'm curious ... just how much would you be willing to pay a bank, to keep all your money, and everyone else's money, in a vault? You do realize that such a bank could never make a loan, don't you? How do you suppose this bank would make any profit, in order to pay you interest?

12 posted on 09/29/2008 6:11:44 PM PDT by RegulatorCountry
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