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Money, Banking and the Federal Reserve
#1
Hi All,
Do you know the difference in banking terms between the gold standard, and fractional reserve banking. ?
It is surprisingly easy to understand, and
so are the economic consequences / differences of the two differing approaches to banking.

http://www.youtube.com/watch?v=iYZM58dulPE
Money, Banking and the Federal Reserve

Whilst watching this video I noted some of the dates and actions mentioned, and
then have compared them (dates) to the US national debts plots I did sometime back.
You might like to do the same, it is quite "informative"...

US national debt - all previous years converted to 2008 dollar value figures.
[Image: Slide1.jpg]
As an overall debt figure the movements in the amount of debt are somewhat obscured.

National debt in dollars per head of US population shows the variations and when more clearly.
[Image: Slide4.jpg]
The whole aim of practical politics is to keep the populace alarmed
(and hence clamorous to be led to safety)
by menacing it with an endless series of hobgoblins, all of them imaginary.

H. L. Mencken.

The hobgoblins have to be imaginary so that
"they" can offer their solutions, not THE solutions.
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#2
William J. Clinton was the 42nd President of the United States, from 1993-2001.

And during that wonderful period who was it pressured the banks to provide sub-prime mortgages?

And was so studiously copied and introduced to the UK by the then chancelor, one Gordon Brown. And now look at the mess we are in. Angry
Environmentalism is based on lies and the lies reflect an agenda that regards humanity as the enemy of the Earth. - Alan Caruba
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#3
Maybe I should do a UK debt plot.

Anyone know of a source for the UK national debt figures 9preferably inflation adjusted), as far back as possible please.
AND, an a value converter as well if necessary) please.
ie, UK national debt in 1921 was #### which at todays value is ########.
Then I can plot for the UK as I have done above for the USA.

I also forgot to include in the first post on this thread the,
US National Debt clock. It makes sombre viewing.
At time of posting the figure is,
12, 895, 261, 000, 000 United States dollars....

http://www.usdebtclock.org/
US National Debt clock.

Is there a UK version of the National debt clock. ?
Has it already been done. ?
Yup..

http://cluaran.free.fr/debt.html
853, 341, 000, 000 English pounds.

another version, with a bigger rising figure...
http://www.debtbombshell.com/
905, 089, 600, 000 English pounds.

and another version, with yet another figure (lower) but still a rising alarmingly figure.
810, 684, 000, 000 English pounds
http://www.spectator.co.uk/coffeehouse/3...nter.thtml
The whole aim of practical politics is to keep the populace alarmed
(and hence clamorous to be led to safety)
by menacing it with an endless series of hobgoblins, all of them imaginary.

H. L. Mencken.

The hobgoblins have to be imaginary so that
"they" can offer their solutions, not THE solutions.
Reply
#4
It is depressing.
It is our attitude toward free thought and free expression that will determine our fate. There must be no limit on the range of temperate discussion, no limits on thought. No subject must be taboo. No censor must preside at our assemblies.

–William O. Douglas, U.S. Supreme Court Justice, 1952
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#5
It certainly is depressing SST.

Is it me, or do I seem to see the use of "fractional reserve banking" methods and techniques used in so, so many scams.
The whole aim of practical politics is to keep the populace alarmed
(and hence clamorous to be led to safety)
by menacing it with an endless series of hobgoblins, all of them imaginary.

H. L. Mencken.

The hobgoblins have to be imaginary so that
"they" can offer their solutions, not THE solutions.
Reply
#6
(04-29-2010, 12:36 PM)Derek Wrote: It certainly is depressing SST.

Is it me, or do I seem to see the use of "fractional reserve banking" methods and techniques used in so, so many scams.

Too many people want more money than they need and they fail to see that they hurt others in the greed for more and more ill gotten money.
It is our attitude toward free thought and free expression that will determine our fate. There must be no limit on the range of temperate discussion, no limits on thought. No subject must be taboo. No censor must preside at our assemblies.

–William O. Douglas, U.S. Supreme Court Justice, 1952
Reply


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