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<p>[QUOTE="doug444, post: 1926961, member: 38849"]justafarmer, did you READ my post???? The government and its lapdog, the FDIC, will be FORCED to cover those lost demand deposits, otherwise there will be rioting in the streets. And this, precisely, will lead to hyperinflation, because it's money in the hands of consumers. Fractional reserves is what got us into this mess to begin with. A bank loans $1,000 to a customer, creating $900 of "new" money in the process, and it's so profitable for the bank that it can NEVER stop; only a lack of demand for loans creates a temporary slowdown.</p><p><br /></p><p>Your economics was correct in the 1950s. Everything's different now. Such as, moving away from economics, why do you think DHS and even the Department of Agriculture (and the Wildlife Service, for crying out loud) bought millions and millions of rounds of ammo? You can read all the mind-numbing details in the Federal Register. No, of course, they wouldn't use that ammo on citizens.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1926961, member: 38849"]justafarmer, did you READ my post???? The government and its lapdog, the FDIC, will be FORCED to cover those lost demand deposits, otherwise there will be rioting in the streets. And this, precisely, will lead to hyperinflation, because it's money in the hands of consumers. Fractional reserves is what got us into this mess to begin with. A bank loans $1,000 to a customer, creating $900 of "new" money in the process, and it's so profitable for the bank that it can NEVER stop; only a lack of demand for loans creates a temporary slowdown. Your economics was correct in the 1950s. Everything's different now. Such as, moving away from economics, why do you think DHS and even the Department of Agriculture (and the Wildlife Service, for crying out loud) bought millions and millions of rounds of ammo? You can read all the mind-numbing details in the Federal Register. No, of course, they wouldn't use that ammo on citizens.[/QUOTE]
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