where douse money come from

[sokeman]

Alot of people think that money comes from the mint... well you would be rong!!! about 84% of the money today has not been made by the mint! So where douse it come from hmm Ill give you a guess. If i was a bank and some old lady came to deposit £/$1000 worth of coins into my bank then i would only be able to lend out that same amount of money as a loan or credit that i hold in my bank??? NO Theres this wounderful thing call fractional reserve banking. In some banks i can loan out to a ratio of 10:1 this means i can load money that i dont simply have making a huge profet i can load £/$900 coins and the interest on top of that £/$700. so in all iv made £/$1600 of coins from no where!!!! This is thieving from you and me!!! It devalues are money and they get away with it all the time. in some cases there is no ration. you wounder why things are going up in price all the time, they should be getting cheaper becouse of advances in technology. douse it not say in the bill of rights that legal tender should only be gold and/or silver (or backed by it) buy no politician knows or cares. next time you see your friend ask them if they know where there money come from.
thanks for read this!

[myhexhax]

This is why 2 of the largest banks (lehman brothers, and I forget the name of the other..) in the US just crashed and/or were sold, and AIG is on it's way out, lol! Greedy banks trying to make a quick buck were riding on a bubble and it's popping, and everyone will suffer for it.. It's sort of sad that these people that you entrust with your money spend it so frivolously.. Time to start putting your money under your mattress :[ Oh well, we'll bounce back.

[Sonic7145]

In the U.S., I believe there's something called a reserve-ratio (banks must hold X money -- proportional to loans), but that doesn't guard against massive speculation, sadly.

[myhexhax]

...It also doesn't protect you from the government buying an 80% stake in your company lol *cough* AIG *cough* What an interesting turn of events.

[Hvidskaeg]

my father told me a quote from a German writer (but can not remember his name)
but "it is no crime to rob a bank compared with founding one"

[aNewHobby4me]

http://www.brainyquote.com/quotes/quote ... 83792.html

What is the robbing of a bank compared to the founding of a bank?
Bertolt Brecht

Nice quote.

"A man with a briefcase can steal more than a man with a gun." Vito Corleone

Also a nice quote

[bearhunta]

I am glad to see so many "awake" individuals on these boards.