Message from @ryuplaneswalker
Discord ID: 528697611373379624
There's a difference between depositors and investors.
Yes, one is the hostage taker and the other is a hostage
But bank failures still happened and people were out their deposits
Depositors are screwed by government allowing FRB and making that standard. It is no longer on anyone's mind to understand what deposits are.
How many people know what FRB is?
How many people know that deposit accounts are investments?
I want my deposits to be zero risk. They don;t make any money anyway. They should be safe.
It's not zero risk
abbreviating the federal reserve board doesnt make it more spooky ya know
The Federal Reserve Board. Yes, I know what that it.
fractional reserve banking
not federal reserve board
The only way your deposits are going to be zero risk is if you have a bank that doesn't do loaning.
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.
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.
Will Article 13 impact Tims videoes?
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.