Financial topics

[vincecate]

You know how they say that money is created by banks when they lend? Richard Werner showed this. The only thing I don't get is that if they create it (or are allowed to), why do they care if it ever gets paid back? Because they have to have an honest accounting of what happens to every transaction? That is, a guy defaults on a loan ... so what, it was always BS anyway and it wasn't from the banks other deposits and reserves!

If you use a definition of "money supply" that includes checking/savings accounts then if the bank loans money from one customer to another and the second customer deposits it into a checking/savings account then the "money supply" has gone up.

Oh, I have written about this. Check out:

https://howfiatdies.blogspot.com/2013/0 ... nking.html

[vincecate]

Mish talking about reverse-repo:

https://mishtalk.com/economics/reverse- ... th-a-twist

[aeden]

Thanks Vin more than not He does see direction. As we warned the h.8 will decide.

The double book was a Luca Pacioli creation as Luca a Franciscan monk was living with Leonardo da Vinci and was his math teacher.

Fed has effectively been reducing its balance sheet it has been simultaneously been adding to duration.

Warning from tyler about nq-100-futures and dead bears and flat cats. tyler has a clean sense of humor also.

[aeden]

Every liberal lunatic has an app that owns it for them as .01% that own 27% are looking for fish.
No search will come for them or will it happen on those assets marks. One premium exists on it only.

https://translate.google.com/?sl=en&tl= ... =translate

The white whale surfaced for Ahab.

https://www.youtube.com/watch?v=oMnXu-IXeM0
No effort no work to see how the game was. Only to find out how the game was.

https://www.youtube.com/watch?v=boJG__D87fI Disinflationary Stew

Ok we will wait for it.

Irving Fisher and Freidman parted company.

No magic multiplier exists over the three year study.

The only thinking democrat did what was ESSENTIALLY correct.

And then the pattern was replayed.

Money and physical production traction for some paying attention.

Circumstances of regional margin flows ruptures to be adjusted by the usual suspects.

Compete to hold margin on basis points already missed.

[Cool Breeze]

You know how they say that money is created by banks when they lend? Richard Werner showed this. The only thing I don't get is that if they create it (or are allowed to), why do they care if it ever gets paid back? Because they have to have an honest accounting of what happens to every transaction? That is, a guy defaults on a loan ... so what, it was always BS anyway and it wasn't from the banks other deposits and reserves!

If you use a definition of "money supply" that includes checking/savings accounts then if the bank loans money from one customer to another and the second customer deposits it into a checking/savings account then the "money supply" has gone up.

Oh, I have written about this. Check out:

https://howfiatdies.blogspot.com/2013/0 ... nking.html

Why do they care if it is never paid back though? It was fake to begin with.

[vincecate]

https://howfiatdies.blogspot.com/2013/0 ... nking.html

Why do they care if it is never paid back though? It was fake to begin with.

The fraud is in the fractional reserve banking loaning money to someone for 20 years while telling their customer "the savings and checking accounts are demand deposits where you can demand your money back at anytime" when really they might not have it. If the bank does not get the money back they do really lose. They are only "making money" for some definitions of money (not all definitions) and because of "fractional reserve banking" which is fundamentally fraudulent.

After I wrote that post 2 out of 4 banks in Anguilla went bankrupt. In a tiny island country that does not print its own money "fractional reserve banking" can easily get tripped up on its fraud.

Read my post.

[aeden]

Anguilla has no capital gains, estate, profit, sales, or corporate taxes.
As of 2011, the only “tax” it requires of businesses is the “Interim Stabilization Levy,”
which is a 3% levy on the gross wages of employees earning over EC$2,000,000 (~US$740,041) per month.

https://www.wfmz.com/news/pr_newswire/p ... 86775.html

[aeden]

Houston's murder rate is up 38% since the far left soros-funded Kim Ogg was "elected' DA after soros financed a smear campaign against her opponent, Devon Anderson who was relatively tough on crime.

Soros included hundreds of thousands of ads in the Houston Chronicle attacking Anderson. The far left Chronicle joined the lefties and trashed Anderson while supporting Ogg.

The result: out of control violence in Houston now. Even random shootings of motorists on the Freeways.

Houston voters got what they voted for as another Lawless, Violent Democrat Cesspool.
Bob Bish wants social capital built on death, slaughter and targeted MMT communists as known.
All Soros placements are kill boxes and they are released the same day to liecheatstealburnlootmurder.

https://www.texasmonthly.com/news-polit ... -business/

[aeden]

https://dcist.com/story/21/12/21/dc-cov ... g-records/

https://coronavirus.dc.gov/key-metrics

[aeden]

https://cdn.substack.com/image/fetch/f_ ... 77x437.png

No you are not even close to prepared.