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Very Hot Topic (More than 25 Replies) Currency is a Non-Excludable Good (Read 1085 times)
Jacob
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Re: Currency is a Non-Excludable Good
Reply #30 - Aug 11th, 2019 at 10:26pm
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yamcha wrote on Aug 11th, 2019 at 10:15pm:



And what does this have to do with fractional reserve banking?
  
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #31 - Aug 11th, 2019 at 10:49pm
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Then just compare it to full reserve banking Jacob.

So why do you think FDR signed the Emergency Banking Act of 1933 in and why do you think he issued Executive Order 6102?  Did the Fed have anything to do with it?
  
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Jacob
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Re: Currency is a Non-Excludable Good
Reply #32 - Aug 11th, 2019 at 11:04pm
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Progressives are a$$holes the same way $ocialists are.

I still don't see a connection to Jews as a people or as a group of individuals.

Have you not had enough popcorn?
Why haven't you had enough popcorn!?
  
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #33 - Aug 11th, 2019 at 11:21pm
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Jacob wrote on Aug 11th, 2019 at 11:04pm:
Progressives are a$$holes the same way $ocialists are.

I still don't see a connection to Jews as a people or as a group of individuals.

Have you not had enough popcorn?
Why haven't you had enough popcorn!?


What does it have to do with progressives and socialist?

Jews are individuals whose behavior makes them strong as a group who feed off the goyim. You are the Goyim.
  
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Jacob
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Re: Currency is a Non-Excludable Good
Reply #34 - Aug 11th, 2019 at 11:24pm
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #35 - Aug 11th, 2019 at 11:34pm
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The Opposition wrote on Aug 11th, 2019 at 7:36pm:
I guess I'm the lucky 1/3000.


Only 1/3000 outside of the banking and financial industry are aware of how FRB works and out of the few who do, only a tiny percentage and that is what the bankers are banking on, pun intended.

Out of the small percentage who are aware and are opposed, only a small percentage of them are smart enough to figure out how to opt-out of that system and live outside of the net and under the radar.

If I had known about it when I was young, I would have never gone on to any kind of higher education.  Luckily I have managed to at least live 100% debt free have managed to create my own special rights, which we can all do as long as we don't tell anyone.

  
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Jacob
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Re: Currency is a Non-Excludable Good
Reply #36 - Aug 11th, 2019 at 11:53pm
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Fractional reserve banking seems bad on an elementary basis, no need to be elitist about it.
  
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #37 - Aug 12th, 2019 at 12:03am
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Jacob, like always, you jump the gun.  You only learned about FRB five minutes ago. 

It's like you when you wanted to publish a Libertarian Manifesto before even knowing what Libertarianism was.

You have a very short attention span and unable to hold a thought long enough to reach its final conclusion.  You might want to slow down so you can learn something and don't tell others how to be if you value liberty, theirs and your own.

You seem to respect the Opposition and so do I.  If you go through all of his posts here, you will never hear him telling anyone what they should or shouldn't do and say or how they should or should not be.
  
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Jacob
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Re: Currency is a Non-Excludable Good
Reply #38 - Aug 12th, 2019 at 7:27am
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Lending out 5x when you only have x reserves seems like straightforward bad practice.

Maybe I'm smarter than you give me credit for.
  
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yamcha
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Re: Currency is a Non-Excludable Good
Reply #39 - Aug 12th, 2019 at 7:35am
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Jacob wrote on Aug 12th, 2019 at 7:27am:
Lending out 5x when you only have x reserves seems like straightforward bad practice.

Maybe I'm smarter than you give me credit for.


No, I do not think you are stupid.  I do think you have ADD or something like that.  Fractional reserve banking is a fantastic practice for the Fed and other banks like it and it is not just 5x it's x!  However, FDIC only insures you up to 250k so what does that mean to you if your interest is capped by the amount you can deposit that can be insured?
  
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