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Originally posted by TruthWithin
reply to post by burdman30ott6
Banks don't have all of the money that depositors have put in because they have lent most of it out PLUS the leverage ration they are permitted (usually 9 times whatever real liquidity they have). This all works fine until EVERYONE withdraws their money only to find out there is not enough to cover it.
defamation (also called calumny, libel, slander, and vilification) is the communication of a statement that makes a false claim, expressly stated or implied to be factual, that may give an individual, business, product, group, government or nation a negative image.
Originally posted by stumason
Seems in the US that your banks can loan out huge sums of money compared to the amount of deposits they hold.
I was watching the news here in the UK and they covered this for UK banks. Most lend out slightly more than they have in deposits, but its like only 10-20% more.
A couple of banks actually hold more deposits than the loans given out, like HSBC, which seems to have a couple of Billion more in deposits than in total loans out. I was really surprised at this as listening to you guys in the US would make it sound like they all loan out £100 for every pound you put in. Doesn't seem to be the case here.
It seems to me that this whole financial mess comes entirely out of the US, due to the way you lot bank and giving loans to hill-billy's who couldn't afford them.
The only reason why UK and EU banks seem to be in trouble is because they either decided to get involved in the US market themselves and got burnt, or have hit trouble in raising new cash because the US economic problems have infected the world money markets.
None have seemed to fail because of foreclosure rates or problems here in the UK/EU, but merely as a result of being infected by the "toxic" situation in the US.
Take France, for example. They're banks are rock solid, because they are naturally cautious and largely stayed out of the whole Real Estate game in the USA. All the EU banks that are in trouble have direct links to US operations, the ones that are solid are the ones that stayed out and played the sensible game.
Fear is what this NWO thrives on, and it is fear that supports their agenda of world domination. What needs to be accomplished by them is supported by the sacre tactics used to get this type of legislation passed in the first place.
Originally posted by FlyersFan
Another move to the New World Order cashless society.
A MAJOR step was taken today by those that really run things.
Be afraid. Be very afraid.