[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Ian Green
Apparently Bruce Springsteen also has performed this song. The lyrics are at http://www.thuismarkt.nl/users/springsteen/Lyrics/War-7585.html -Original Message- From: Ian Green [mailto:[EMAIL PROTECTED]] Sent: Tuesday, 26 June 2001 11:04 PM To: e-gold Discussion Subject: Fractional

[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Samuel Mc Kee
I am quite possibly going to brand myself a pariah on this list by standing up in favor of fractional reserve banking, though certainly not its current incarnation. There is nothing wrong with fractional reserves per se. The problem is the incestuous relationship between the checking and the

[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Ken Griffith
Message - From: Samuel Mc Kee [EMAIL PROTECTED] To: e-gold Discussion [EMAIL PROTECTED] Sent: Tuesday, June 26, 2001 11:16 AM Subject: [e-gold-list] RE: Fractional Reserve Banking... What is it good for? I am quite possibly going to brand myself a pariah on this list by standing up in favor

[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Viking Coder
A currency that is 100% backed by gold may sell itself as AUG or grams of gold. To which e-gold GoldMoney, and soon e-bullion, can all stand and proudly proclaim. Standard Reserve's gold-backed side of their accounts also meet this qualification, even if they are 1 step removed, being 100%

[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Ken Griffith
The only one who is currently an ether gold is OSGold. If they are not 100% backed, then I fully agree with you, but where is the evidence. It seems to me that we just don't know what OSGold is since they have not disclosed it. They might be 100% backed, they might be pure ether (no backing

[e-gold-list] RE: Fractional Reserve Banking... What is it good for?

2001-06-26 Thread Viking Coder
The only one who is currently an ether gold is OSGold. If they are not 100% backed, then I fully agree with you, but where is the evidence. It seems to me that we just don't know what OSGold is since they have not disclosed it. They have. They made a proud, high-faluting claim of being