If you allow a bank to issue these promisory debt notes and people accept them, then a bank can (in the original example) have a balance sheet anything up to 100/15 times (about 6.5 times) the total deposits with the remaining $55k or so being made up of promisory notes and the like.If commercial banks didn’t engage in this leveraging and promisory notes, then they would basically only be able to use the funds provided by their shareholders and other investors – i.e.

Where does money come from?

. The value does not come from gift giving. Terrorism? Keywords So, they cannot let the banks fail at any cost. Dr Djiniyini Gondarra and Richard Trudgen discuss how Yolngu created contracts and payment systems with Macassan traders This increases the supply back into the market, but may increase inflation. The feds don’t like that equation. Do they borrow from bigger banks who borrow from bigger banks who borrow from the central bank who then prints the money? And in a nutshell, that is modern banking.Also the reason inflation is not as it appears is because all the money created in our system is still debt owed to bankers. Does he borrow it from other banks at interest? Read it here for more information: Wow!! However, this will have the same reduction on the thoeretical max M4 type money supply as an increase in the reserve.

Politicians have allowed the scourge to fester & grow. He was assasinated.JFK signed the executive order 11110 and gave the U.S. the ability to create its own money backed by silver. Get off this system and you become free.THe point of fiat money is that in theory the entire system is supposed to operate with integrity and maturity. In a matter of 15 years, depending on the interest rate, the banks would have profited 150k from the interest. If the bank fails, the FDIC gives our money back or the bank gets a bailout and we start over.The fact of the matter is that the whole banking system is a scam, we do not need banks, yet we wanted them….Nice to find you aussies learning this stuff as I am myself here in the states. Precious metals such as gold and silver which hold their value over time are harder to control since they can’t increase those supplies easily. the answer is NO!. And it seems the Legal Practitioners Union in Australia (Law Society) of which to practice one is expected to join… some years ago….maybe still is….. was sponsored by different Banks at various times….well so the Law Societies Brochures adds said (on the backs of their brochures) …..so any one having a case debated in Court and a Bank was the opposing mob …..one could not help thinking….. maybe there will be some kind of bias towards the Bankster/s. Since the bank has sold a 850 loan without giving up any cash because who ever the bank lent it too put it straight back into the bank then both the capital and the interest are profit. But if you are just dependent on the government all your life then everyone is in debt.Reiterates that wealth is created by producing goods/services through work and that this is the same across the world – production and trade gives value to money.Podcast recorded in 2007 by Aboriginal Resource and Development Services. I’m really confused, could someone please explain this to me?It is only a theory remember. . It all stems from the central bank/federal reserve. Promises to pay (DEBT) is our money supply. (ARDS)Note: Yolngu Matha is an extremely complex and effective language, especially in the economic realm, and so much more is said in the podcast than what appears in the English summary above. It also would not help the wider economy. )At this point there is no change in the Ms (money supply), only the composition of it. Objects such as possum fur and tobacco or special dedicated food.Some Yolngu think that a very rich person like the Queen makes all the money. **Re-posted after the events of the credit crunch and 700 bailout packages, enjoy the read and learn how the banks got themselves in this mess. Dr Djiniyini Gondarra and Richard Trudgen discuss more about modern trading Jackson survived assasination attempt.Abraham Lincoln rejected to borrow from bankers and funded the civil war with money printed by the government. Now the homes goes into foreclosure. Thus, money is the IOUs that bank has created as your bank account. We either write a check or use the credit card. Just keep thinking beyond the materialistic urge we were warned against and things start to feel better.Well that is precisely the way it should have stayed, as it was in Australia up until the 90’s when banking deregulations started to take hold. If it all goes wrong and the asset can only be sold for the $400 it cost for the land and building, then there is a problem. The value does not come from gift giving.How money is used and comes from the Reserve Bank is much like how Yolngu used other items in a similar way to money in the old days. and politicians rolling flush with money.

Of course, if you get a $400 loan from a bank and buy some land for $200 and spend $200 building a house on it which you sell for $1200 (because the buyer thinks the price will go even higher), you pay the bank back its $400 So a slash in interest rates means that banks can borrow from the central bank more cheaply and therefore supply more credit, releasing more liquidity into the market. Yes I’m nearly there, Idon’t own much but I’m practically debt free.

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