> Let's say I want to start a company that lends out actual e-gold grams on a > fractional reserve basis. I take in e-gold deposits, and I then I lend out > ten times as much e-gold as I have on deposit. > > I can't really do this, can I?
That's not fractional reserve banking, (nor any kind of banking that I've ever heard). In fractional reserve banking, you take in deposits, and then loan-out 90% of those deposits, (say). The borrowers deposit the money in a bank, (either same bank, or another bank), allowing THAT bank to loan-out 90% of the redeposited money, etcetera... Pretty soon, you have numerous multiples of actual deposited money, held in various accounts. Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
