Heres one bottom line. With the fractional reserve counterfeit and credit by labor note signature currency system, their is just a little more money floating around than actually exists. Thats the interest rig. Thats the artificial boost to demand thing, traded of your ALL CAPITALIZED NAME account. At all times, when banks ask for reserves, the central bank obliges. Reserves therefore impose no constraint. The deposit multiplier is simply, in the words of Kydland and Prescott (1990), a myth. And because of this, private banks are almost fully in control of the money creation process. In a nut everyone takes a bath on about 90% of their stock portfolios. And thats all there is to it. Suck it. The cash in your pocket isnt a store of value, not overall - on average. It signifies a context of debt. The cash in your pocket, again, isnt money - by conventional definition. Its debt currency. Its counterfeit. Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given socio-economic context or country. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can be considered money. youtube/watch?v=KyDU4X8GSmE
Posted on: Fri, 15 Nov 2013 10:36:37 +0000
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