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originally posted by: seasonal
a reply to: neo96
Banks create far more money than the Fed. The system is called fractional reserve lending.
A $100 deposit=$900 as it works it's way through the bank.
That whole 99:1 ratio is no longer a thing. It can't be because we all know overleveraging helped cause the 08 financial crisis.
originally posted by: neo96
Bitcoins been projected to bottom out at $5000 but they also say it could hit $60,000.
At any rate it's ALWAYS a good idea to hedge your bets.
Ripple is just as good as any.
Whether you love or hate bitcoin.
As with any investment vehicle.
Timing is everything.
At least one textbook states that when a loan is made by the commercial bank, the bank is keeping only a fraction of central bank money as reserves and the money supply expands by the size of the loan. This process is called "deposit multiplication". However, as explained below, bank loans are only rarely made in this way.
The proceeds of most bank loans are not in the form of currency
originally posted by: projectvxn
a reply to: JinMI
I would put compliance in my own personal list. Reason being is that I would like to legally cash out some someday.
Then how do you square that with this:
Completely agree. However, the problems, aimed clientele, holders and direction of Ripple hit a principled no go for myself.
XRP is regulatory cooperation. What clientele do you think would come with that?