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CheapLaborCapitalist (July 24, 2008 at 1:59 am)
Probably because not enough of the debt/money is not getting back to our banks. It goes to China via WalMart and the Arabs through your gas tank.
LiquidSmooth (July 15, 2008 at 11:16 pm)
Big run on banks recently. People get upset that they cant get all their money out. Hmm, let's see here, banks can us fractional banking and lend out almost 10 times more than what has been deposited. SO obviously if everyone withdraws all their money, they will be lucky to even get more than one tenth of what was deposited. People dont seem to get it, if everyone used all the USA dollars to try and pay off all usa debt, you couldnt.Intensionally, not enough dollars are put in circulation.
yahoovisitor (July 13, 2008 at 4:11 am)
The Global Village has made banking possible around the world from one country to the other. It may be for having one's bills or legally inherited amounts released or for some commercial purpose. But in case of withdrawal the banks impose fees and instead of deducting it from the available funds in the account they maintain, with the consent of their client, they urge him/her to send the fee from some external source. If the client is unable to pay the fee they just freeze/close the account WHY?
icefieldsincp (July 9, 2008 at 11:50 pm)
Sup? you gotta check this out it will blow your mind. (meetyourfling) c o m 4480205396comstock
kittof (July 9, 2008 at 3:57 pm)
Agree
brianpadraic (July 6, 2008 at 7:53 am)
Wiis? Hardly as expensive as a Lexus. And Japan is based on the same "system" as the USA: credit/debt.
YetcenOmega (June 22, 2008 at 12:13 am)
Gold Standard was abolished "recent;y" as well...soo yeah, our money doesn't mean shit anymore. And no wonder Japan doesn't want to ship anymore Wii's to us. :)-Y-
mcmosiris (June 21, 2008 at 7:46 pm)
GREAT WORK, FAVORITE AND SHARED
MushroomCloud666 (June 17, 2008 at 9:51 pm)
Imagine this scenario: The reserve ratio is 10% and 10 clients deposit each 1000$ in a bank. This allows the bank to create a loan of 9000$ out of thin air. So now two clients come to withdraw all their money. The first one gets his money back because the bank still has that 1000$ as a reserve. Now the the bank has 9000$ on deposits and 9000$ on loans which makes 0$ in assets - now if one more client comes to take his money the bank goes bankrupt because it has no funds.
djhives (June 15, 2008 at 4:19 am)
the banks make the money so they can do whatever they want... simple answer. |
