Fed officials warn Trump that fiscal policy must be smart

When you borrow money to buy a house the bank credits the amount of the mortgage to your bank account taking your mortgage note in return. The money that is now in your bank account was not taken out of a pile of money at the bank, it was in effect "printed out of thin air" with just a simple accounting entry.

You should open a bank, accept no deposits and try to lend money to people to buy houses. You can tell the seller that their money was "printed out of thin air" and then watch them try to cash your check.

After it bounces, and you go to jail, I'll laugh at your poor understanding of how our monetary system works.

Would you take old Henry's word for it:

Sounds like one of those fake quotes.

or how about the first central banker of the modern world?

“The bank hath benefit of interest on all moneys which it creates out of nothing.”

Why would you confuse what a central bank can do with what a commercial bank can do? Unless you lack understanding of banking, of course.

"The Creature from Jekyll Island" would be a good book for you to read

I read it. Not the entire book, of course, because the huge, ridiculous errors were just too annoying to justify the continued waste of time reading further would have been.

If that's your source, I understand why you're so wrong about so many things.

Let me know how your bank works out, I'll watch for the story of your arrest. LOL!

You are wrong again on each of your points. Maybe you should have finished the book. Books too hard for you, maybe you could actually learn how the system works from a video documentary. The Money Masters.

Let me leave you with just one more quote because I don't tend to spend much time educating the uneducated, especially those that are so sure of their knowledge but can't be bothered to finish the book or go out on the internet to see if the quote given is in fact true or false.

“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”
- The Rothschild brothers of London writing to associates in New York, 1863.

I believe you belong in the category described as mentally incapable of understanding. Ignorance is bliss. Have nice day.

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