QuoteThere is a £1000 Reward for anyone who can explain how this wouldn't work. Have at it.
replacement with cash would mean the money supply stays exactly the same.
Require all banks to lend real savings that people knowingly place with banks to lend to businesses to get a return of interest and capital back when the business repays that loan.Quote
OK ... so if everything is a set amount of cash, where is the money created to cover interest on loans?
Where do the interest payments come from?
Blue Skies,
dj123
[replyNice idea, but replacing debt with cash - and then mandating that only cash be loaned - would have a very chilling effect on the economy.Quote
In the current fractional reserve system , cash is debt.
Blue Skies,
dj123
QuoteThere is a £1000 Reward for anyone who can explain how this wouldn't work. Have at it.
Consider this following programme of reform:
Print cash Quote
What is the "cash" backed by?
Printing "cash" without value will never work.
Send me my check for worthless cash.
dj123
"Video proof"?! Yeah, right!
Just cutting in here ,not replying to anyone post.
Does Israel have the right to "a premptive strike" as the US claimed in Iraq?
Does anyone?
Is it a legitimate action to punch out some guy on a public road if you " suspect" he intended you harm?
Did the recent Turkey/Brazil/Iran agreement play a factor in Israels' reaction here?
Is all this an attempt to draw attention away from the recent incident where South Koreas' ship was sunk(and was it really the North Koreans responsible for that attack? I think not. I believe that was a false flag operation conducted by )
Blue Skies.
dj123