skyline
18-11-2008, 12:45 AM
Show you friends who dont believe that there is a conspiracy and money is created out of thin air
The monetary base is high-powered money. For every dollar injected here, the money supply can rise by at least 10 to one. A 10% reserve requirement is imposed on large urban banks, i.e., a 10-to-1 multiplication factor. This is the fractional reserve banking process.
http://www.garynorth.com/public/4178.cfm
Reserve requirements are the amount of funds that a depository institution must hold in reserve against specified deposit liabilities. Within limits specified by law, the Board of Governors has sole authority over changes in reserve requirements. Depository institutions must hold reserves in the form of vault cash or deposits with Federal Reserve Banks
This is from the feds website
Look at the table,show people,show them the scam, point them in the direction
http://www.federalreserve.gov/monetarypolicy/reservereq.htm
Money is on everyones mind,strike while the iron is hot
The monetary base is high-powered money. For every dollar injected here, the money supply can rise by at least 10 to one. A 10% reserve requirement is imposed on large urban banks, i.e., a 10-to-1 multiplication factor. This is the fractional reserve banking process.
http://www.garynorth.com/public/4178.cfm
Reserve requirements are the amount of funds that a depository institution must hold in reserve against specified deposit liabilities. Within limits specified by law, the Board of Governors has sole authority over changes in reserve requirements. Depository institutions must hold reserves in the form of vault cash or deposits with Federal Reserve Banks
This is from the feds website
Look at the table,show people,show them the scam, point them in the direction
http://www.federalreserve.gov/monetarypolicy/reservereq.htm
Money is on everyones mind,strike while the iron is hot