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  1. #1
    Are u haleloo ya ? Telstra's Avatar
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    so ALL banks can create money out of thin air ...

    Is this true ??



    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  2. #2
    The Danger Zone. MoufOfKhaos's Avatar
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    Re: so ALL banks can create money out of thin air ...

    "Iíve been in the Danger Zone, east of the Pacific Ocean,

    west of London England, south of Mars, and north of Hell..."

  3. #3
    Are u haleloo ya ? Telstra's Avatar
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    Re: so ALL banks can create money out of thin air ...

    I don't want to listen to junk music


    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  4. #4
    I spell spelled spelt
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by Telstra View Post
    I don't want to listen to junk music
    And we don't particularly want to watch a 90-minute video just to answer your question.

  5. #5
    Are u haleloo ya ? Telstra's Avatar
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    Re: so ALL banks can create money out of thin air ...

    You don't need to watch to answer the question.


    NEVER LISTEN TO A ONE SIDED STORY AND JUDGE.

  6. #6
    JUB Addict RaKroma's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Yes hun in economics and in banking they have a term for that: Fiat Currency. It's not a conspiracy theory. Our global economy relies on fiat currency as the gold standard can not generate continued growth in currency. We just don't have an unlimited supply of gold to back trillions and trillions of dollars.

  7. #7
    wandering nomad ElmosToe's Avatar
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    Re: so ALL banks can create money out of thin air ...

    hhhmmmm

    Telly,

    you either live in a cave or you were born yesterday (awesome play, btw.)

  8. #8
    Dr Bit! :~D
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by RaKroma View Post
    Yes hun in economics and in banking they have a term for that: Fiat Currency. It's not a conspiracy theory. Our global economy relies on fiat currency as the gold standard can not generate continued growth in currency. We just don't have an unlimited supply of gold to back trillions and trillions of dollars.
    Besides that, contrary to the claims of the foaming-at-the-mouth Ayn Rand/Ron Paul disciples, the gold standard produces fluctuations just as wild and unpredictable as fiat currency. They act as though gold has some kind of inherent value that paper money doesn't, but in reality, gold also has value only because we say it does.
    Recently I heard a 'wise guy' story that I had a party at my home for twenty-five men. It's an interesting story, but I don't know twenty-five men I'd want to invite to a party. ~Joan Crawford

  9. #9

    Re: so ALL banks can create money out of thin air ...

    thank you so much for that, Telly



    nothing better than going to a gay porn website to watch an hour and a half documentary on fiat currency




    Fiat Currency!

    Fuch Yeah!

  10. #10
    Thankfully Liberal & Gay
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by LilBit View Post
    gold also has value only because we say it does.
    That's even more true of diamonds.
    "All legal U. S. residents who are 18 years or older, shall have an unconditional right to vote." - 28th Amendment, US Constitution?
    "But, hey, who cares about women and their rights when the religious liberty of a nationwide chain of arts and crafts stores is at stake?" - Daily Kos, 30 June 2014
    "I distrust those people who know so well what God wants them to do, because I notice it always coincides with their own desires" - Susan B. Anthony

  11. #11
    Bammer's Papa
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    Re: so ALL banks can create money out of thin air ...

    Telly, you can create money out of thin air: any time you make a payment that takes time to complete, you create money. It's a temporary creation but it's still real.

    The Fed just does it on a larger scale and has a few more tools to do it with.


    Oh -- if I get bored enough tomorrow, I may watch your vid.

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  12. #12
    Back to Creepy Old Fart Yooper's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by frankfrank View Post
    That's even more true of diamonds.
    You got it, darling!


  13. #13

    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by Kulindahr View Post

    Oh -- if I get bored enough tomorrow, I may watch your vid.
    I feel fortunate to have never reached the level of boredom to watch more than 30 seconds of a Telstra Video.
    http://www.justusboys.com/forum/signaturepics/sigpic216959_1.gif

  14. #14
    JUB Addict cgymike's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Boring ....money did not last much beyond the year 2100.... thanks for the museum tour....
    Your post comments are forwarded to the CIA.

  15. #15
    Oranje rareboy's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by borg69unimatrix View Post
    I feel fortunate to have never reached the level of boredom to watch more than 30 seconds of a Telstra Video.
    amen.

    If I have 90 minutes, I'll actually just read the book.

  16. #16
    Oranje rareboy's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by frankfrank View Post
    That's even more true of diamonds.
    .....which only have value because De Beers tells everyone they do. Unless you count in the horrific cost of labour or the blood spilled for conflict diamonds. You can't even begin to put a value on the sparkle from these chunks of carbon.

  17. #17
    Bammer's Papa
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by borg69unimatrix View Post
    I feel fortunate to have never reached the level of boredom to watch more than 30 seconds of a Telstra Video.
    LOL

    A couple of other people have sent me the same link, one the first local Tea Party person I ever met (a unique individual: he despises Palin and pities McCain, something rare in that bunch; he also tolerates Obama as far as the budget goes because Obama has reduced the deficit -- something I've never seen in any other Tea Partite).

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  18. #18
    Vannie
    Guest

    Re: so ALL banks can create money out of thin air ...

    Not sperm banks!

  19. #19
    Glorious Years on JUB!
    star-warrior's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by johaninsc View Post
    thank you so much for that, Telly



    nothing better than going to a gay porn website to watch an hour and a half documentary on fiat currency




    Fiat Currency!

    Fuch Yeah!
    Only because you're a numismatist! Sounds really kinky.


  20. #20
    JUB Addict mikey3000's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Very complex topic, but watch these short videos to understand. Yes, banks make $$ right out of thin air.

    http://m.youtube.com/watch?v=Itn1P4KpZpU

    http://m.youtube.com/watch?v=Itn1P4KpZpU

  21. #21
    Thankfully Liberal & Gay
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    Re: so ALL banks can create money out of thin air ...

    Quote Originally Posted by rareboy View Post
    .....which only have value because De Beers tells everyone they do. Unless you count in the horrific cost of labour or the blood spilled for conflict diamonds. You can't even begin to put a value on the sparkle from these chunks of carbon.
    Yes. Exactly.
    "All legal U. S. residents who are 18 years or older, shall have an unconditional right to vote." - 28th Amendment, US Constitution?
    "But, hey, who cares about women and their rights when the religious liberty of a nationwide chain of arts and crafts stores is at stake?" - Daily Kos, 30 June 2014
    "I distrust those people who know so well what God wants them to do, because I notice it always coincides with their own desires" - Susan B. Anthony

  22. #22
    portabodwitstand&chairtoo SLOPPYSECONDS's Avatar
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    Re: so ALL banks can create money out of thin air ...

    game planet lands nice folkys play
    but util great public world ova get life
    ten enjoy d game a guess cause not a nippull or tit do shit

    rest
    classfied

    real smart on interet 2 a figa it fa ya

    thankyou
    Mr up slide---why folk no chop house a down?*cause tey no a trees_ pause---Mr down slide
    Mr down slide---Jons joe ans a ed now gonna walk on part_walkwalkwalk_---Mr up slide

  23. #23
    Bammer's Papa
    Kulindahr's Avatar
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    Re: so ALL banks can create money out of thin air ...

    Okay, I watched it.

    Yes, Telly, it's true: all banks can create money out of thin air by loaning out more than they have in deposits. They earn real money when people pay back the imaginary money. But that was hardly the real issue in the film.

    "Thirty-one* states allow all qualified citizens to carry concealed weapons. In those states, homosexuals should embark on organized efforts to become comfortable with guns, learn to use them safely and carry them. They should set up Pink Pistols task forces, sponsor shooting courses and help homosexuals get licensed to carry. And they should do it in a way that gets as much publicity as possible. "

    --Jonathan Rauch, Salon Magazine, March 13, 2000

    *the number is now forty

  24. #24
    JUB Addict mikey3000's Avatar
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    Re: so ALL banks can create money out of thin air ...

    It was the abolishment of fractional reserve banking that allows this. That is a fact. One of the reasons Kennedy was assinated was because he was going to reinstate fractional reserves. Johnson put a stop that immediately.

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