Message from @Kibec
Discord ID: 528772781316243468
and that is how a bank makes its money.
Fractional Reserve Banking - the idea that banks don't have to just sit on deposits?
And if there was such a bank they would likely charge higher fees
Or provide no intrest whatsoever
No, that's not what fractional reserve banking is.
That is where the government plays a legitimate role
Well, I myself would be fine with dealing with a yearly subscription for a bank if they don't do loans.
I wish loan companies and banks were seperate.
Fractional reserve banking is a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal.
Providing a safety net of last resort for the price of regulating banks to prevent the need for taxpayers to pay out.
At least thats what Investopedia says
That's what I learned in school, @Blackhawk342
Admittedly, 30 years ago
Yes, which means that money is pyramid on itself.
And why bank runs are 1) possible and 2) so dangerous to those who participate in the system.
You deposit $10. A 10% ratio means they lend out $9 and keep $1.
Meaning there appears to be $19 in the market now but really only $10.
In the 1800's you had lots of competition in banking and note issuance which kept ratios in check.
After the Federal Reserve came about they monopolized that value.
FDR technically announced that the US was bankrupt and broke the law by refusing to redeem notes for money (gold,silver). Which was a way to keep banks in line with regard to their reserves.
i personly dont think it does but i might be wrong ... does someone know more about Article 13 for EU that was passed recently
people of the world
do you think there will come a day when Discord will be censored too?
It is only a mater of time
it already is
The purpose of copyright law has always been government control of information.
I didn't sign up for these yellow/black pills
ARticle 11 and 13 will impact Tim as he reads News Sites.
They are mainly designed to save the Mainstream Propaganda Apparatus, and the Idiot Politician want to try the "Google Tax" again, and fail again.
What we really need in Europe is a boycott of Mainstream Media who lobbied for this crap.
I alreadt boycott media. Business as usual
Regarding copyright :-)
https://lifehacker.com/these-1923-copyrighted-works-enter-the-public-domain-in-1825241296
yeah disney is going to shift to defending mickey with trademark instead of copyright, since trademark lives as long as the company
black & white mickey may enter the public domain, but anything resembling him from fantasia onward will be disney's forever without them needing to get copyright extended every few decades
temptation is the lack of self restraint rather than the existance of vice. potentiality is omnipresent, limitation is a set boundry. while one can exist in a state of ignorence to temptation and maintain a status quo, given that potentialitys are an omnipresent, any creature with the ability to imagine the nonexistant can find temptation. personal restraint and priorital discipline is a conscious effert, maintainence can only be maintained, another conscious effert by an entity able to choose its behavior in any given time
We are all driven and motivated by the nature of our being.
We all have the potential to experience the same
possible range of motives, drives, fears, emotions... exedra.
All humans have human limitations by definition.
Our will can not oppose our nature; our will can only change our nature.
Anyone can choose not to try addictive substances, but 95% of addicts are addicts for life.
Can you say that the addict has free will if there is a 95% probability that his brain will compel him to keep seeking a fix?
The addiction is a malformation of the brain's functionality incarnate.
The symptom is the sign of a physical existence of a type of impediment in the brain structure itself.
To fix the brain would cure the addiction, but by doing so you would change the very nature of that being's consciousness.
The notion of "personal restraint" and "discipline" begins to take on a new meaning.
"Conscious Effort" or "Will Power" come from the essence of what we are comprised of.
If you observe the ways that the macrocosm and the microcosm inevitably resemble one another;
no amount of conscious effort will resist your nature if you do not change your nature.
Ladies and Gentlemen, that is my dissertation in a nut shell...
Any philosophizers here?
our being is not souly a creation of our own, a mix of genetic possibility, contrasted by 1/3 to 1/5 of our lives being taught some shadow of the principles of those who came before us, and then tested by the reality that either begs the choice of us at any stage in our lives while also throwing to us circumstances of occurrence that we will be forced to have.
it is from this frame work we at any point in time have a will that can not oppose our nature but only change it, at various times in life with an idea of a person who is both who we are and what we would like to be, being the mold in which our will, which itself is a part of our nature may be exerted to change our forms into.
my proposition is that for one whom would look out on the world and see others who suffer a life of growing dysfunction due to the draw of a temptation of the world, to not target the temptation as the source of the problem for those whom are drawn to it but to instead target those drawn to it in an effort to fortify those whom you can against it.
propagation of the way of living that ultimately benefits those around you is the only effective method of repelling a lifestyle that detriments those around you.