As I have said repeatedly to the extent that I am beginning to
sound like a cracked record.
(a) Banks do create credit which when drawn upon and used
becomes money.
(b) Banks are limited by regulatory authorities to the extent
to which they can continue to create credit.
(c) The measures of control have altered over the years from
an LGS Ratio (Deposits to Loans) to Statutory Reserve Deposit requirements to
the Prime Asset Ratio.
(d) None of the above negates the argument that banks do
create the major portion of the nation's money supply.
(e) Banks do not give money they lend
it.
(f) How banks can increase their lending and maintain their
liquidity requirements can be the result of a number of factors. Government
deficit spending, the Central Bank's action of buying and selling government
securities, a favourable balance of trade, Capital (money) inflow for
investments or speculation, or simply by a bank borrowing off
shore.
(g) The fact remains that bank's do create the major portion
of the nation's money supply. In Australia this is currently (it does vary
slightly) about 97%
I do not understand why this is continually denied,
sidestepped or hidden under a maize of verbiage
Vic Bridger
--^^--------------------------------------------------------------- This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html --^^--------------------------------------------------------------- |
- [SOCIAL CREDIT] Canada' experiment with social credit douglas-McLellan
- Re: [SOCIAL CREDIT] Canada' experiment with social c... kenpalmerton
- Re: [SOCIAL CREDIT] Canada' experiment with social c... Janos Abel
- Re: [SOCIAL CREDIT] Canada' experiment with soci... Pat Gunning
- Re: [SOCIAL CREDIT] Canada' experiment with ... kenpalmerton
- Re: [SOCIAL CREDIT] Canada' experiment w... Pat Gunning
- Re: [SOCIAL CREDIT] Canada' experiment with ... Victor Bridger
- Re: [SOCIAL CREDIT] Canada' experiment w... Pat Gunning
- Re: [SOCIAL CREDIT] Canada' experim... Philip Dru
- Re: [SOCIAL CREDIT] Canada' exp... kenpalmerton
- Re: [SOCIAL CREDIT] Canada'... Philip Dru
- RE: [SOCIAL CREDIT] The Cre... Daniel Morin
- Re: [SOCIAL CREDIT] The Cre... Philip Dru
- Re: [SOCIAL CREDIT] Canada' experiment with ... Janos Abel
- Re: [SOCIAL CREDIT] Canada' experiment w... Pat Gunning
- - Re: [SOCIAL CREDIT] Canada' experiment with so... Diamantis
- Re: [SOCIAL CREDIT] Canada' experiment with social c... Victor Bridger