One star for what, for answering aquestion? On Oct 10, 11:21 am, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote: > It's not my theory, it's what the cenral banks are doing. They are > injecting cash to provide banks liquidity so they will lend to each > other and avoid this credit freeze. The problem is, and you have hit > the nail on the head, is that much of the debt held by banks is still > unknow and is the product of the expansion of ficticious capital which > is a bottomless pit likeky to run into trillion of dollars. It is > estimated Australia's four major banks, have $13.8 trillion sub-prime > loan investments. Even if only 1% of these loans default it will wipe > out the Australian banking sector, as it has in Iceland. > > As I said, it is the central banks and governments that are saying > these funds are necessary to keep the banks operating.....which means > propping them up. I didn't say it will work, it won't, but we are > seeing that already. > > On Oct 10, 8:58 am, KeithInTampa <[EMAIL PROTECTED]> wrote: > > > > > On Oct 9, 4:29 pm, Lone Wolf wrote: > > Gaar the world economy is one single electronically linked economy. > > All the world's banks are completely intertwined with each other, > > there are no safe havens Our banks depend on the 60% of their funding > > from overseas, there is no way they are getting it, the government is > > propping them up, they will collapse. > > > ============ > > > I will be the first one to admit that I am not an economist. I do > > possess common sense, and I do comprehend a "fiat Money System", > > wherein "money" is a commodity in and of itself, as opposed to a > > monetary system that is based upon a certain commodity, like gold or > > silver. > > > Lone Wolf, under your theory, how could a government prop up a bank, > > if in fact "money" is non-existent and doesn't exist?- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum
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