CAT GOT YOUR KEYBOARD PROFESSOR?
"Please explain why a privately owned corporation of bankers should
have life and death control over the national economy of the United
States?"
STILL WAITING FOR YOUR ANSWER.....PROFESSOR.
<< In a message dated 06/16/2000 10:37:41 PM Central Daylight Time,
[EMAIL PROTECTED]
Professor Jerry Mander writes:
" I explained the creation of money... Would you like me to post it again?"
Yes professor, please do post it again.
" The creation of money is accomplished initially by the
deposit taking function and is then facilitated using the
lending funtion subject only to reserve requirements..."
You state in the above that money is created by
"the deposit taking function".
Professor....please explain just exactly what it is that is "deposited",
and how "deposits" of whatever it is results in the "creation of money."
You next state in the above that the creation of money is "facilitated"
by the "lending function."
Professor...please explain exactly what it is that is being lended
in this lending function.
Your stated position is that money is "created" by deposit taking
and by lending.
Again, the question is: The deposit of what and the lending of what?
Next you write about: "reserve requirements (an FRB function that controls
the growth of money)"
No argument here professor. You are correct.
The FED's "reserve requirement" is one of the controls on the growth
of the money supply. Since money is the lifeblood of a modern economy,
it follows that whoever or whatever has control over the money supply,
literally has life and death control over our national economy.
Please explain why a privately owned corporation of bankers should
have life and death control over the national economy of the United States?
Regards,
Nakano
P.S. Professor, perhaps you may find some solace in that your guru,
Rush Limbaugh, can't answer this simple question either.
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