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Jefferson and Jackson would love to kill the central banks. So would I.

continue to discuss here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2298393#post2298393

You are the best example of our society. So used to the system you can't picture a different one. As I said before: FRL is just a nominal effect in the money supply which ending is to lend people their own money (assuming no new money is created) to own them. Without FRL there would be...

EXCELLENT

BOTH THINGS ARE RIGHT. What he is trying to say is that banks found new ways of making credit. They are called DERIVATIVES. This does not mean that the money multiplier is gone from the big picture.

He was not right...........He is right.

It was invested so that our great corporate and banking leaders could have better jets, parties, new offices..................stuff like that.

With all your respect my friend........................I would call people like you the ones too dependent on the system, that you cant see a new order of things. FRL= The banks lend the people their own money. You owe them..........they own you. They have the gold.........they make the...

I do not see how you can’t end fractional reserve behavior by consumers and companies once it is illegal to engage in such practices. I wonder if many here know what it really means to have no FRL.

you are right about one thing.................the market is used, addicted to fractional reserve lending. However, true banking is without FRL.

Nationalizing banks will effectively put an end to fractional reserve lending and the need for a central bank. If such a thing happens a new order in the financial industry will emerge...............I doubt it will be free market based. I also discussed FRL here...

They should have paid off bad and good mortgages instead of giving it to banks. So much for the recardian equivalence thing.

I think the new way of doing business is gone. The present financial system has collapsed and a new one will be created.

if the money supply has been increased there will be inflation

Excellent....you could not put it any better.

Not true. Please expand your position.

FRL is the root of all those other things you mentioned.

I dont know whether he has a PhD or not....................but he does need more schooling.

I dont know about to much freedom there. What is really amazing is that banks lend us our own money.........I just can't understand why people dont get it. Maybe too used to the system???

Mr. Obama is saying a catastrophe if economic package not approved????? What economic package is he talking about in the first place?? The real problem remains unanswered.