Fractional Reserve Banking Commentary 1
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Uploaded by khanacademy on Oct 26, 2009
Understanding the weak points of Fractional Reserve Banking
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oh god, an Austrian school troll. Those who know everything can learn nothing.
etzel33 2 weeks ago
There's a problem right from the start - if 'giving you back what is yours' is described as a 'liability' there's a fundamental flaw in the concept. Ditto when an unpaid loan can be listed as an asset.
EvilEddtheRed 3 weeks ago
RON PAUL 2012
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ashwadhwani 1 month ago in playlist True Political Scope 2
@johnhumphreys99 "This is all clearly explained in the article that you refuse to read."
I understand the way the fascist monopoly scam works, so I don't need to you "clearly explain" it. You refuse to define terms such as "money" and "dollar." You refuse to even acknowledge the privilege in law that the banksters enjoy. You just deny any influence of law, which makes you look insane since this is what protects the cartel and allows it to practice what you think is normal business activity!
MillionthUsername 2 months ago
@MillionthUsername Do you think repeating a lie will help it come true? If you weren't scared of learning, you would read the article I mentioned, which answers all your questions. But you don't.
Broad money is made up of base money * credit multiplier * velocity. Base money is not the same as credit, but they can be fungible if other people will voluntarily accept them as such. This is all clearly explained in the article that you refuse to read.
johnhumphreys99 2 months ago
@johnhumphreys99 "but then refuse to read the answers"
Your "answers" are nothing but sophistry. I quoted you directly where you claimed banks don't create money, but credit. Then I asked you what the credit was. I tried to converse with you to no avail. The credit is dollars. Dollars are money. Money by law, not by acceptance. Today you admitted credit is money. You can't even keep your story straight. You're caught up in the whole delusion of the scam because you have never seen through it.
MillionthUsername 2 months ago
@johnhumphreys99 Why should I read your article when you have displayed here the grossest ignorance? I might as well read some other establishment shill. You don't even understand what money is. You think money is "dollars" that can be created out of the blue left and right. You think you can have two of these things where once there was one and that it's all "voluntary." Not only are you ignorant, you are claiming to be an expert! You're a freaking joke.
MillionthUsername 2 months ago
@johnhumphreys99 You have fallen into the trap of equivocation. People routinely yet erroneously refer to "the law" (legislation) to make arguments. You do this unconsciously when you refer to "dollars" and "money" here. You are mixing concepts in economic theory with their wicked distortions created by "the law," which is an attempt to override economics! This is why you are so off base. You take statist crap as a given, so you're hopelessly entangled.
MillionthUsername 2 months ago
@MillionthUsername If you actually cared about this issue and wanted to understand, you would have read the article I suggested. The fact that you ask questions, but then refuse to read the answers, says more about you than any of the mindless insults you throw around.
johnhumphreys99 2 months ago
@johnhumphreys99 "Banks do not magically turn "I owe you $1" into an actual dollar."
Unbelievable. Ok, define "dollar." You think you're talking about economics, but you're talking about the most sophisticated system of looting that has ever existed. And you go along with it while claiming to be libertarian. You mindlessly accept terms as given without understanding what they mean in reality, what underlies them. You're a victim of brainwashing who can't make the most basic distinctions.
MillionthUsername 2 months ago