Latest Threads
Latest
Greatest Threads
Greatest
Lobby
Lobby
Journals
Journals
Search
Search
Options
Options
Help
Help
Login
Login
Home » Discuss » Journals » undergroundpanther » Read entry Donate to DU
Advertise Liberally! The Liberal Blog Advertising Network
Advertise on more than 70 progressive blogs!
Underground Panther in the Sky's Scratching Post
Posted by undergroundpanther in General Discussion
Wed Feb 25th 2009, 08:56 PM
Bankers know how to create money out of thin air. In fact, banks are money factories. Banks exist to make money. You might think that banks are in business to provide services such as banking accounts and loans to their customers. It's true that banks provide essential financial services. However, the reason that the banks provide such services is that banks need money to use as raw material to create more money. Where does this money come from? It comes from customer deposits. In other words, it comes from the money you and I deposit into the bank.

Notice very carefully, banks "create" money. It's not simply that banks "earn" profits when they provide bank services and loans. Banks actually "create" new money that did not exist before.

Here is an example of how banks create money. You deposit $100,000 into a one-year Certificate of Deposit at 5% interest. The bank now can use your money to create loans.
The Federal Reserve sets the reserve rate for the bank from 3-10%. A 3% reserve rate means that the bank must keep 3% of the $100,000 on reserve and can loan the remaining 97%. A 10% reserve rate means that the bank must keep 10% of the $100,000 on reserve and can loan the remaining 90%. For our example, let's assume that the reserve rate is 10%. This allows the bank to loan $90,000 of your $100,000 deposit.

So, the bank makes Loan #1 of $90,000 and keeps $10,000 on reserve. This is the critical point where the bank creates money. According to the bank's balance sheet, the $90,000 loan to the borrower is also a $90,000 asset for the bank. By its own brand of money magic, the bank has created $90,000 out of thin air.

http://ezinearticles.com/?How-Banks-Create...

The only thing backing up the 'market now is user confidence and theories in economists heads,and who's willing to bet on it.
We've been had people.Fuck the Fed!!!

Ten dirty tricks to prop up a massive fraud!
http://www.alternet.org/workplace/128241/1...
Discuss (3 comments) | Recommend (+3 votes)
HissSpit!
We live imprisoned in a dream of our leaders' making, whether we realize this or not and it is killing us.

kakistocracy

kak·is·toc·ra·cy

Noun:Inflected forms: pl. kak·is·toc·ra·cies
Government by the least qualified or most unprincipled citizens.

Etymology:
Greek kakistos, worst, superlative of kakos, bad; see caco– + –cracy.

In other words the worst of shit heads humanity has are in the Whitehouse..The US government is being destroyed by a bunch of sociopaths.

Time for all liberals to realize we are not dealing with rational,ethical people anymore when we deal with neocons or theocracies.The neocon fascist/theocracy have taken over the GOP. This is because of a big unseen problem found with certain types of relationships with certain types of personalities.Too many people demonstrate a destructive personality type that is more somewhere along the spectrum of narcissism/authoritarian/controlling or a conduct disorders.
Their ego defenses really do interfere with their own sense of ethics their capacity for insight,honesty and empathy with others not like themselves.

This bullying type of persona or it's flip side the true believer obedient one(enablers) can be found in varying degrees of severity in most people. But it's the 1 in 4 problem people out of our entire population who are DEFINED by these traits that are the worst offenders..
Learn about them here:
http://www.successunlimited.co.uk /

People with these types of personality really do see the world through the distorted lens of their sick egos,winning zero-sum games,getting away with it, and maintaining their own addictions at any cost to others.
We can all be shitty sometimes but the type of person I find to be a real problem are career shit heads, people who are defined by the shit they do that ruins and diminishes other people's lives..

Bush and the tyrannical "Neocon" corporate religious Christo-Fascists are a cabal of sociopath shit heads. Problem personalities shredding the very document that gives America protection from these sorts of criminal shit heads. The career bullies among us seek to undermine America..by warping the noble yet still imperfect socially evolving ethical character that up until now has kept it's shit heads away from positions of power ,bound them by law,and kept them under control.We need to flush this stinking kakistocracy down the toilet and learn to say NO to abusers of trust and power wherever they are..and learn to rub their noses in their own shit wherever they do their incompetent,criminal,inhumane acts.Wherever they offend we should go on offensive.The sanctity of the spirit of conscience demands no less of us ,if we want to keep our own freedoms intact.


“Truth is one of the rarest commodities in the times we are living through, to expose it to the masses is tantamount to slapping the entrenched power structure of the United States in their very face, but which, at times, someone needs to take the risk and do, otherwise, and what we are seeing in America now, lies become the truth because they are more comfortable for people to believe.”David L. Booth

Bataille’s call for collective awakening :

“Lift the curse of those feelings which oppress men, which force them into wars they do not want, and consign them to work from whose fruits they never benefit… Assume within oneself perversion and crime, not as exclusive values, but as a prelude to their integration into the totality of humanity. Participate in the destruction of a world as it presently exists, with eyes open to the world which is yet to be."



Profile Information
Profile Picture
undergroundpanther
Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your ignore list
10308 posts
Member since 2003 before July 6th
Freaky Lynx

I don't agree with everything written on these websites myself.Some of it I do. Some I use in my own way to deepen my own understanding. I have found in most eveything you read there is a bit of bullshit mixed in,in other things ALOT of bullshit is mixed in..Use/develop your own discernment..Cat Rule # 1 always smell it first.Inhale deeply,If it stinks it's probably bullshit..This is some freaky deep thought provoking stuff on many topics.Enjoy!
Fry a few braincells,cry,get paranoid,get pissed off...Laugh!

http://deoxy.org /
http://www.goroadachi.com/etemenanki/#gold...
http://www.etheric.com/LaVioletteBooks/EUF...
http://www.enterprisemission.com/hurricane...
http://in2worlds.net/weather
http://maths.dur.ac.uk/~dma0cvj/dbranes /
http://www.fortunecity.com/roswell/prophec...
http://www.metahistory.org/index.php
http://bentrem.sycks.net/fallen_angels.htm...
http://www.baranovfamily.org /
http://touchthefuture.org/services/bonding...
http://www.actualfreedom.com.au/actualism/...
http://www.geocities.com/kidhistory/newto....
http://www.insurgentdesire.org.uk /
http://www.anarchy.org.au /
http://abob.libs.uga.edu/bobk/ccc/ce102103...
http://sightings.anomalies.net /
http://vincentbridges.com/Omenupdate.html
http://www.hohmanntransfer.com/cgi-bin/get...
Visitor Tools
Use the tools below to keep track of updates to this Journal.
Random Journal
Random Journal
 
Home  |  Discussion Forums  |  Journals  |  Campaigns  |  Links  |  Store  |  Donate
About DU  |  Contact Us  |  Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.