Need help in this argument

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  • Sun, Jan 24, 2010 - 11:23pm

    #21
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Need help in this argument

Castle, this video vlog by Peter Schiff on Jan 21, hits a lot of points on all this:





 

  • Mon, Jan 25, 2010 - 12:24am

    #22
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Need help in this argument

And this guy is a banker ?!? Suggest Chapter 7 as a good start 

https://www.peakprosperity.com/crashcourse/chapter-7-money-creation

Your friend says that the bank gets to loan $800 on the $1,000 deposit, however the banking system gets to loan $10,000 which makes quite a difference.

Jim

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