Investing in Precious Metals 101 Ad

Re: Austrian & Keynesian Theories Vs. Mathematical Facts

Home Forums DISCUSS General Discussion and Questions Austrian & Keynesian Theories Vs. Mathematical Facts Re: Austrian & Keynesian Theories Vs. Mathematical Facts

  • Tue, Apr 20, 2010 - 05:05am

    #68
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1612

    count placeholder

    Re: Austrian & Keynesian Theories Vs. Mathematical Facts

Thomas       “Banks do not lend their depositor’s money”    http://en.wikipedia.org/wiki/Fractional-reserve_banking

                       And if banks do not lend their depositors money (plus the multiplier r factor) , how do you explain bank runs?   

                       Shortage of reserves?      

                         http://www.investopedia.com/terms/b/bankrun.asp 

 

The national debt are  the outstanding US Treasury bond issues  owed to whoever holds those bonds (mostly foreigners)      

http://www.usatoday.com/news/washington/2007-05-28-federal-budge

Outstanding bank loans are owed to the banks via their counterfeit franchise gifted to them by the government.     T bonds have a unique feature in that it is used by the FR as a tool of monetary policy         

http://en.wikipedia.org/wiki/Open_market_operations

Your conclusion that we are slaves of this debt based money system is right on,   though some of your analysis and definitions . . . . . . . .