Keynsian economics is dead

[intradaybill]

Quote from Anaconda:

I would bet that half the posters rarely, if ever, even heard the term fractional reserve banking.

Hey clown of ET, you discovered just now fractional reserve banking and you think this is monster of some kind? Listen clown, let us say you start the only bank in a remote island and you get a deposit of $100. Are you willing to lend just $100?

Deposits are paid on demand but loans are covered by agreements and debtor can also default. Fractional reserve banking serves many good purposes, one is diversification of risk by lending in excess of the deposits to several borrowers up to the allowed reserves. This keeps risk premium interest rate down and availability of cheaper money to consumer and businesses. Without fractional reserve system, not many would be willing to lend and we would be always in a recession and more importantly, the state would have to become the banker and select those to lend to, which in turn leads to corruption and inneficiencies, something you are seem to oppose because you fight Keynesians, but you do not understand CLOWN that elimination of fractional reserve system would lead to greater state involvement in business and eventual permanet recession and even a permanent liquidity trap.

You got it clown?

 

[Anaconda]

Quote from intradaybill:


Deposits are paid on demand but loans are covered by agreements and debtor can also default. Fractional reserve banking serves many good purposes, one is diversification of risk by lending in excess of the deposits to several borrowers up to the allowed reserves.

LOL

Retard. Clueless retard.

 

[intradaybill]

Quote from Anaconda:

LOL

Retard. Clueless retard.

I bet you had no education of any level. Do you think the fractional reserve system is a worldwide conspiracy and you know that but everyone else is an idiot.

Apparently, you are the idiot, clown.

 

[Anaconda]

Quote from intradaybill:

I bet you had no education of any level. Do you think the fractional reserve system is a worldwide conspiracy and you know that but everyone else is an idiot.

Apparently, you are the idot, clown.

No, you are retarded, that much is established. Even those naive enough to accept the fractional reserve sales pitch do not spew the complete idiocy you do.

The compassionate side of me feels sorry for you but the opportunistic side thanks you for being a wilful moron & sheeple.

 

[intradaybill]

Quote from Anaconda:

No, you are retarded, that much is established. Even those naive enough to accept the fractional reserve sales pitch do not spew the complete idiocy you do.

The compassionate side of me feels sorry for you but the opportunistic side thanks you for being a wilful moron & sheeple.

You never told us what you believe should be done. Do you want the abolishment of the private banking system? Do you understand why private banking system cannot function without fractional reserves? Do you want the state to control all money creation?

What do you want after all? Say it clearly. Otherwise, you are just a psychotic clown.

 

[slider123456]

The problems we are going through now are the result of oversupply and have been building up since the great depression. Another word for oversupply is under-capitilization of the consuming public which is the reason for massive debt to make up the difference. Keynes idea of stimulating the economy through deficit spending is one way of correcting this imbalance in the short term but since it is based in a debt based monetary system it will not work. There are better economic systems that would benefit all to a much higher degree than our current system but since the current system is so entrenched it will take nothing less than complete collapse before they will stand a chance of even being tested in America.
One of the greatest monetary minds and one of the founding fathers Benjamin Franklin ran the state of Pennsylvania completely tax-free by lending money and using the interest as a revenue stream. While definately not a flawless system it is much better than the current one. Other system were put into place during the great depression that drastically reduced hardships in both Germany and Alberta they where theorized by a man named C.H. Douglas who predicted both the Great Depressin and WW2 before they happened because they were the results of a flawed monetary system which is still in place today.
Look up Colonial scrip for an idea of a good alternative to our current system.

 

[Anaconda]

Quote from intradaybill:

You never told us what you believe should be done. Do you want the abolishment of the private banking system? Do you understand why private banking system cannot function without fractional reserves? Do you want the state to control all money creation?

What do you want after all? Say it clearly. Otherwise, you are just a psychotic clown.

Reading comprehension does avoid you. Must be the ADD.
I would add you to ignore, but you are entertaining, so keep it up.

 

[Thunderdog]

Quote from Anaconda:

Reading comprehension does avoid you...

Perchance you meant evade?

 

[Anaconda]

Quote from slider123456:


Look up Colonial scrip for an idea of a good alternative to our current system.

Ahhh yes, the real cause of the Revolution. I think it would be very interesting to see people move toward a local monetary system and then build trade relations with nearby regions. On a federal level, it would be too hard to implement I think.

 

[Anaconda]

Quote from Thunderdog:

Perchance you meant evade?

Thanks internet grammar grandma.