File: zeitgeist2.swf-(2.01 MB, Loop)
[_] Anonymous 03/19/13(Tue)17:46 No.1918928
>> [_] Anonymous 03/19/13(Tue)17:56 No.1918934
What is this from?
>> [_] Anonymous 03/19/13(Tue)18:07 No.1918945
>>1918934
zeitgeist: addendum
>> [_] Anonymous 03/19/13(Tue)18:08 No.1918946
THIS ISNT CONTROVERSIAL TO PEOPLE IS IT?
>> [_] Anonymous 03/19/13(Tue)18:16 No.1918953
Wheres the ban?
mods are slacking
>> [_] Anonymous 03/19/13(Tue)18:34 No.1918965
Wow anyone without the knowledge to actually read the paper modern money mechanics and instead
listens to a far-left vid about it is retarded.
>> [_] Anonymous 03/19/13(Tue)18:39 No.1918968
Yet this system has given you your 40k USD per capita.
>> [_] Anonymous 03/19/13(Tue)18:45 No.1918972
Actually, if commercial banks needed $10 billion, they would borrow from the Fed on the federal
funds rate or the "discount rate." Money creation is actually mainly controlled by the commercial
banks. They can create new money based on their amount of excess reserves in store and how much
the reserve ratio is, or how much of new checkable deposits needs to be stored as a requirement.
If we have a reserve ratio of 20 percent, or 0.20, we can create FIVE times as much cash through
lending it out to another bank. We take the inverse of the reserve ratio and multiply it by the
excess reserves a bank has. A banking system can create much more with more banks.
Also, if they needed money, they could borrow from OTHER banks overnight in the system we
previously mentioned, creating more money for the term of that loan, as it is, MONEY IS DEBT IN A
FRACTIONAL RESERVE SYSTEM.
>> [_] Anonymous 03/19/13(Tue)18:46 No.1918974
>>1918972
And also, they could get the money from the Fed through the term auction facility anonymously
every two weeks if applied successfully.
The only time when the exchange of T Bills goes on is when the Fed wants to alter the money
supply.
And also, we have this system of Ms denoting our money. M1 consists of paper and coin currency
and checkable deposits. Both being about fifty percent at any given time. M1 goes into M2 and
only accounts for 20 percent or less, M2 contains all the other near-monies, and we can go into
M3 from there, M2 being inside that M. So you can see, paper currency is very small.
I barely pay attention in Macro as it is.
>> [_] Anonymous 03/19/13(Tue)18:47 No.1918975
>>1918965
so saying money is only real if people have confidence in it is left wing when that is exactly
what modern money mechanics says in it? Zeitgeist addendum: what exactly gives this new money
value? the answer the money that already exists.
>> [_] Anonymous 03/19/13(Tue)19:24 No.1919036
>C:/CREATE $10,000,000,000.00
This syntax is wrong. DOS and Windows use backslashes (\) as directory seperators. Forward
slashes (/) are used by UNIX and its descendants.
So the government wouldn't get any money, just a not found error.
>> [_] Anonymous 03/19/13(Tue)19:42 No.1919049
Well, I feel like killing myself now.
