tag:blogger.com,1999:blog-5889026769761133073.post581850300536163697..comments2023-12-22T08:42:36.132+00:00Comments on Gaian Economics: Bank money: source of debt and destructionMollyhttp://www.blogger.com/profile/12845612174674783187noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5889026769761133073.post-30913711483489514822007-09-10T15:25:00.000+01:002007-09-10T15:25:00.000+01:00Take a check from your bank managerAny amount will...Take a check from your bank manager<BR/>Any amount will do <BR/><BR/>http://www.txtapic.com/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5889026769761133073.post-51669239563907058802007-01-29T09:11:00.000+00:002007-01-29T09:11:00.000+00:00Originally there was 'fractional reserve banking' ...Originally there was 'fractional reserve banking' so that a deposit could be inflated ninefold by the bank. But this percentage has been relaxed so that, at least in the UK, the lending banks only need to show the central bank that they are being prudent. Apparently the effective reserve is now only half of one per cent.Mollyhttps://www.blogger.com/profile/12845612174674783187noreply@blogger.comtag:blogger.com,1999:blog-5889026769761133073.post-83362151487593634402007-01-28T15:31:00.000+00:002007-01-28T15:31:00.000+00:00your take on new banks opening and creating new mo...your take on new banks opening and creating new money... is different<br /> suppose you had one car maker in a country that made 10 million cars<br /> open another plnat and now there would be 2 making 10 million each or would the two share the same 10 million car market??<br />how would opening a new bank double the money supply??Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5889026769761133073.post-59274736920452670192007-01-28T15:02:00.000+00:002007-01-28T15:02:00.000+00:00and here I thought people who started bankd needed...and here I thought people who started bankd needed money(chits) or assets first<br /> then they could lend money<br /> Am I wrong??Anonymousnoreply@blogger.com