Wealth distribution

[gaelic cowboy]

Why is everyone on the tinterweb mad about fractional reserve lending when its bloody central bank interest rates that cause more harm.

That blooming Zeitgeist crowd has a lot to answer for

[HoreTore]

Why is everyone on the tinterweb mad about fractional reserve lending when its bloody central bank interest rates that cause more harm.

That blooming Zeitgeist crowd has a lot to answer for

Fractional reserve lending has been the way banks have functioned since paper money was introduced back in the 18th century. And to top it off, the bank informs you of it every time they send your statement. Why on earth would banks give you interest on deposits if they didn't lend it out again? The reason why the tinfoil crowd throws a hissyfit over it, is because it:
a) is a suitably technical term
b) can be made to look suitably evil by playing around with motives and other nonsense
c) is not something the average tinfoiler knows about, since the tinfoilers knowledge of economics in particular and how the world functions in general, is close to zero

There are plenty of other completely mundane things conspiracy nutters twist into something horrible. Fluoride water immediately pops into mind, as well as GMO.

[Myth]

The quality of discussion has dropped dramatically.

[Seamus Fermanagh]

The quality of discussion has dropped dramatically.

You realize that people have been saying that since Q.T.Cicero's time...and probably before.

[Fisherking]

HoreTore thinks just because it is the way it has always been done that it is the only way things should be done. Either that or he fears someone might find a conspiracy somewhere in the material.

But it is not the way it has always been done.

There are several alternatives to who controls the money supply.

The topic was Wealth Distribution and how to equalize it. It is hard to discuss that without addressing the mechanics of fractional reserve banking.

All money systems have pitfalls.

Rather than learn about the alternatives he would much rather attack the source without knowing what is in it.

Of course it is beneath his great wisdom…

Governments taking control of the money system is not the worst alternative.

In fact it is how most people believe money is created.

But rather than discuss inequities and alternatives, he would rather see people searching for conspiracy.

He seems to have intellectually crippled himself by trying to stay in what he believes is “The Main Stream”. How very conservative!

[HoreTore]

HoreTore thinks just because it is the way it has always been done that it is the only way things should be done. Either that or he fears someone might find a conspiracy somewhere in the material.

But it is not the way it has always been done.

There are several alternatives to who controls the money supply.

The topic was Wealth Distribution and how to equalize it. It is hard to discuss that without addressing the mechanics of fractional reserve banking.

All money systems have pitfalls.

Rather than learn about the alternatives he would much rather attack the source without knowing what is in it.

Of course it is beneath his great wisdom…

Governments taking control of the money system is not the worst alternative.

In fact it is how most people believe money is created.

But rather than discuss inequities and alternatives, he would rather see people searching for conspiracy.

He seems to have intellectually crippled himself by trying to stay in what he believes is “The Main Stream”. How very conservative!

I try to stay in the realm of sanity, away from theories pushed by new age hippies with neither education nor qualifications.

If you're going to take apart the monetary system, I do expect a certain level of actual knowledge. Failed art classes and TV-jobs doesn't quite cut it.

[Fisherking]

I try to stay in the realm of sanity, away from theories pushed by new age hippies with neither education nor qualifications.

If you're going to take apart the monetary system, I do expect a certain level of actual knowledge. Failed art classes and TV-jobs doesn't quite cut it.

But you really wouldn’t know, as you merely found it astatically displeasing and didn’t watch.

[Myth]

You realize that people have been saying that since Q.T.Cicero's time...and probably before.

And probably they are right

[Pannonian]

You realize that people have been saying that since Q.T.Cicero's time...and probably before.

Was that when he complained about brother Marcus's love of hearing his own voice?