rodneyorondeaujr's channel

QE is not inflationary in itself. This is just an asset swap whereas the banks swap bonds for cash. It prevents bank runs and drives down interest rates. Banks do not make loans based on the level of reserves the posess. It has a lot more to do with the demand for loans from creditworthty borrowe...

They lend bank credit/deposits which can be exchanged for dollars. I like the idea of the debt free money and taking the power to create money out of the banksters hands. I am not tryng to be a rabble rouser. I just want to be sure about what we are fixing and why before we move forward.

I wanted to pause and thank everyone for engaging me. It is not often I bump into people who care about these issues let alone have a basic understanding of how it works.

Joe,

The only issue I can think of with moving to a full reserve system would be that it caps the amount of investment that can be made at the current level of savings. With the fractional system, investment creates its own money and is not restricted to the level of savings. Definiely something...

I would also like to see the ability to create money taken from the banksters. Maybe make it a public utility. I don't see the fractional system as bad in itself. I love how it works. I just don't like to see it used for private gain.

i see warren mosler in the background. that is the guy who knows how to fix the economy. peter schiff doesn't know what he is talking about. austrian economics is gold standard economics. the gold standard is dead and so is schiffs ideas.

banks don't lend money. they lend bank credit.

If you keep saying something long enough. eventually it might come true. Is peter predicting the bubble now forming in gold. I hate to tell you this but mike norman is right. None of you have the slightest clue on how our monetary system works. The fed/treasury doesn't print money. They issue res...

Governments change numbers up in the sellers banks reserve account at the fed when it spends and does the reverse when it taxes. Unlike us the users, the government has to spend its currency of issue before it can collect a tax liablilty in it. Can the New York subway system collect tokens before...