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comments(168)
#171 -
anonymous (02/15/2012) [-] 
OMG, u gt tht meemee on tumblr rite? just liek diz long neck man?? xD ^^
#168 -
politicsarefun (02/15/2012) [-] Fractional reserve banking is the same as just printing money. Our current US Dollar is a Fiat currency which means it has no real commodity backing it such as a rare metal and can be printed out of thin air. It only holds value because people believe it holds value and if you don't take it by law the debt is forgiven and you lose your fiat money which for now can still purchase goods. The rest of the world is dumping the dollar because they see the United States as ripping them off, the government gives their buddies in the banks cash for nothing (.0025% interest) while they (the world) have to buy our money for the Petro dollar reserve (google it) on government bonds and such. The U.S. is buying cars, oil, and raw materials for Paper that lose 2% or more of their value after one year! due to inflation.
If we have a dollar, we may loan a dollar. Yet, under the fraud of fractional reserve banking, banks loan ten times the money they actually have.
Fractional reserve banking is a Ponzi scheme whereby banks create money out of thin air through fraudulent book keeping, loaning non-existent money out at interest. It is no different than counterfeiting. factional reserve banks counterfeit up to 10 times the amount of money that they actually have deposited, and charge interest on it all. Since money represents labor, fractional reserve bankers are effectively robbing the value of everyone's labor through this fraudulent scam.
If a bank has $10 billion on deposit they can loan out up to $90 Billion. This is what caused our economy to grow at such a fast rate in the beginning of the new millennium, but now that the market is correcting for the mistake since people aren't buying homes and cars as fast since money isn't moving the economy stalls and people lose jobs which wouldn't have been there without the fake money that supported them such as home and car makers. and without them they take down other business from lost revenue.
And fuck Quantitative easing
If we have a dollar, we may loan a dollar. Yet, under the fraud of fractional reserve banking, banks loan ten times the money they actually have.
Fractional reserve banking is a Ponzi scheme whereby banks create money out of thin air through fraudulent book keeping, loaning non-existent money out at interest. It is no different than counterfeiting. factional reserve banks counterfeit up to 10 times the amount of money that they actually have deposited, and charge interest on it all. Since money represents labor, fractional reserve bankers are effectively robbing the value of everyone's labor through this fraudulent scam.
If a bank has $10 billion on deposit they can loan out up to $90 Billion. This is what caused our economy to grow at such a fast rate in the beginning of the new millennium, but now that the market is correcting for the mistake since people aren't buying homes and cars as fast since money isn't moving the economy stalls and people lose jobs which wouldn't have been there without the fake money that supported them such as home and car makers. and without them they take down other business from lost revenue.
And fuck Quantitative easing
#162 -
nickhols (02/15/2012) [-] Except that inflation is in no way a bad thing if carefully monitored. Her dumbassery can actually be defended.
Until you get into hyperinflation. That shits bad
Until you get into hyperinflation. That shits bad
#152 -
Rockonfreakybro ONLINE (02/15/2012) [-] I had that idea once! but then i turned five and realized it'd do more good to stick my cack in a blender and sell the contents and donate the money to america
#151 -
anonymous (02/15/2012) [-]
Dumbass. That'll just cause inflation due to the devaluation of paper money. The money needs to be backedup by something.
#148 -
GIRTHLONGFELLO (02/15/2012) [-]
they are already doing that... thats why the dollar isnt as strong and why your economy is shit and not helping your 14 trillion dollar debt
#143 to #138 -
beanizarchie (02/15/2012) [-] Sorry, I was being sarcastic. Doesn't translate well, I remember now. Should have added this image
#112 -
FightClub (02/14/2012) [-] because you're a whore and whores get raped by tentacles in hentai thus consuming all the ink that the tentacles ejaculate, and without any ink we cannot print anymore money SO YOU ARE THE CAUSE YOU WHORE!!!
#109 -
blasthardcheese (02/14/2012) [-] Call me retarded, toenail clipping me down to hell or whatever, but why cant we do this?
#128 to #109 -
augustusxxiv ONLINE (02/14/2012) [-] Because basically money is just an IOU for a certain amount of gold that your respective country has. All money represents how much gold you have. If I for example have 10 gold ingots and decide to make a currency for it, and I make 10 one dollar bills for it, each dollar is worth one gold ingot. However, if I make 100 dollars for the 10 ingots, each dollar is only worth a tenth of a gold ingot. The same applies to our economy. The more money there is, the less each individual piece of it is. Correct me if I'm wrong someone, this is merely what I picked up from hear-say and reading.
#120 to #109 -
mrtenorman (02/14/2012) [-] paper money is only symbolic. The only reason we can have it as currency is because we trust that it has value in our economy. It's the same reason why someone can't just take out a piece of paper and draw a dollar sign on it and say it's worth a million dollars. when the confederacy first started, they tried to make a currency system, but it wasn't backed by gold or anything of value, so nobody trusted it, it wasn't used, and it became valueless. if the government were to print more money, the rarity of money would decrease, causing it to lose value. i hope i explained this well.
#119 to #109 -
venomcobra ONLINE (02/14/2012) [-] it causes inflation which means the value of the dollar decreases
our nations currency isnt backed up by actual paper money but by our gold amount i believe
if we simply printed more money it would be like changing a dollar into quarters same value in all but each individual thing is less then the total
our nations currency isnt backed up by actual paper money but by our gold amount i believe
if we simply printed more money it would be like changing a dollar into quarters same value in all but each individual thing is less then the total
#117 to #109 -
anonymous (02/14/2012) [-] Because, money, at least in our governments heads, is backed by all that tons of gold we supposedly have at fort knox, without gold the monetary system is worthless. The money they print is loaned to the government, hence it is an endless cycle of debt to begin with.
#125 to #117 -
anonymous (02/14/2012) [-] The banking system in the United States is privately owned, the money printed is loaned to the government. They really kinda do just pull money out of thin air when they need it but its all really a lot of number crunching and budgeting to come up with a way to word it so they can print it legally.
#113 to #109 -
memenoob (02/14/2012) [-]
Well, since you seem to be genuine and not trolling, I will tell you and toenail clipping up your comment in an attempt to not have you mass toenail clippinged down.
If we print more money, then there is more money in circulation. If their is more money in circulation, then the value goes down. For example, a dollar right now will buy you a chocolate bar. Say we print a shit ton of money, there is more money available, therefore the value of the dollar "goes down". A dollar wouldn't be considered a penny or something, but since there are more dollars now, they are worth less. Now a chocolate bar costs 2 dollars instead of one. There is a real name for this, and it's called inflation. Tl;dr if we print more money the value of it goes down.
If we print more money, then there is more money in circulation. If their is more money in circulation, then the value goes down. For example, a dollar right now will buy you a chocolate bar. Say we print a shit ton of money, there is more money available, therefore the value of the dollar "goes down". A dollar wouldn't be considered a penny or something, but since there are more dollars now, they are worth less. Now a chocolate bar costs 2 dollars instead of one. There is a real name for this, and it's called inflation. Tl;dr if we print more money the value of it goes down.
#106 -
lamecamel (02/14/2012) [-] Quantitative Easing. and no, inflation does not matter as much as you think it does. the us government is basically going to inflate themselves out of their 15 trillion dollar debt problem, effectively making that 15 trillion dollars worth less. fuck interest payments! they wont be worth anything.