Quote:
Originally Posted by woj
Having a "central bank" (the Federal Reserve) has nothing to do with fractional reserve... banks would operate in a similar way whether a "central bank" exists or not...
So you are saying that's it's ok to weasel out of a contract because of some technicality like that?
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It has been attempted since the bible days. Each time has lead to disaster, revolution and collapse.
John 2:13-16 "Now the Passover of the Jews was at hand, and Jesus went up to Jerusalem. And He found in the temple those who sold oxen and sheep and doves, and the moneychangers doing business. When He had made a whip of cords, He drove them all out of the temple, with the sheep and the oxen, and poured out the changers' money and overturned the tables. And He said to those who sold doves, "Take these things away! Do not make My Father's house a house of merchandise!"
Quote:
Originally Posted by cykoe6
Your first point is sheer nonsense as usual :
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The first claim is 100% fact..
Quote:
Originally Posted by rowan
I guess the point is that if the bank cannot prove the debt, it doesn't exist.
Does seem pretty shifty, and certainly not conducive to stimulating the economy...
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More shifty than saying they are loaning you something they are not and booting you off your property after a few months of hard times?