Even with a PM standard you'll still have a central bank and you'll still have fractional reserve banking. The only money backed by the PM would...
Please explain to me the significance of the statement indicated in bold. Keep in mind the following also comes from The Federal Reserve...
Taken directly from the Federal Reserve Website. "There are several standard measures of the money supply, including the monetary base, M1, and...
This so called money that is created out of thin air is not created by the central bank and its creation does not change the base money supply. In...
This is not correct. A 10% reserve requirement allows a bank the ability to loan out up to 90% of its deposits but must maintain a minimum 10%...
Yes - educate us.
Following is just a small list of your statements from this thread “#171 - Maybe you guys simply don't realize that FRN is a nickname for all...
Well I am NOT the one who makes the claim that all the dollars held in deposit by banks are FRNs - that is you, fatima. Yet you contradict this...
I know what fractional reserve banking is But If all my dollars held in deposit by a bank are FRNs and all your dollars held in deposit by a bank...
Either all of my dollars held by my bank are FRNs (as you claim) or they are not. If all my dollars are FRNs then my bank must be holding a 100%...
You missed the point of my post. It's my fault. I am not a very good writer and in many cases fail to get my message across clearly. Let's take...
If all the dollars I have deposited in my Bank are FRNs as you suggest then what is the purpose and necessity of FDIC insurance on my account? And...
I am of the opinion - which I am sure is in the minority here that a collaspe of the US Financial system will actually increase the buying power...
If that were true there would be no need for my bank accounts to be insured by the FDIC.
When I open my bank statements every month - I see that I have a lot more dollars than I have FRNs. I keep most of my dollars in the bank while I...
In a SHTF scenario the guy with the guns will barter with you. But they are not going to trade guns for PMs and PMs for food and etc. It will be...
Everyone knows the US Mint manufactures coins but many seem to overlook that the US mint also manufactures dies. Each are a finished good in their...
A 250 million dollar risk on wallstreet ain't what it use to be but such a venture could be significant to the coin collecting industry. It all...
Go to your local scrap yard - you might be able to buy a couple of 100 lbs at spot or so.
I have wasted my money on drinking, gambling, boating, bird dogs and other forms of recreation. I suspect I will continue to do so. My coin...
Separate names with a comma.
