01-31-2009, 02:07 PM
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 Re: credit money system question On Jan 28, 8:30 pm, Will Trice <m...[at]invalid.com> wrote: - quote - > Spacey Spade wrote:
Where else do people keep money? If they put it in the stock market,> > Someone deposits 200,000. > > Bank keeps 20,000 as reserve (10%) > > They loan out 180,000 for a new home. > > People get paid the money for the home (those who constructed it or > > who owned it), and they deposit it in banks. > What makes you think these last folks deposit the money in banks? > -Will then that is not a bank, right? A brokerage or investing firm? |
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#-1
01-29-2009, 01:30 AM
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| Re: credit money system question Spacey Spade wrote: - quote - > Someone deposits 200,000.
What makes you think these last folks deposit the money in banks?> Bank keeps 20,000 as reserve (10%) > They loan out 180,000 for a new home. > People get paid the money for the home (those who constructed it or > who owned it), and they deposit it in banks. -Will william dot trice at ngc dot com |
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| credit, money, question, system |
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