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Tks Ken! I'll read all of them.
chas
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
kenjelli
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, October 02, 2002 5:05
PM
Subject: Re: [RT] GEN: DUMB FED
QUESTION
Here are some links from another site that might be of
interest regarding the Fed and "fractional reserve
banking".<A
href="http://www.profit2u.com/fractional_reserve.htm";>http://www.profit2u.com/fractional_reserve.htm<A
href="http://www.libertyhaven.com/regulationandpropertyrights/bankingmoneyorfinance/fractional.html";>http://www.libertyhaven.com/regulationandpropertyrights/bankingmoneyorfinance/fractional.html<A
href="http://www.reclaimaustralia.net/balus/excerpts.htm";>http://www.reclaimaustralia.net/balus/excerpts.htm<A
href="http://www.goldcoast-thismonth.com/banks.htm";>http://www.goldcoast-thismonth.com/banks.htm<A
href="http://www.gold-eagle.com/editorials_98/parks122598.html";>http://www.gold-eagle.com/editorials_98/parks122598.html<A
href="http://www.gold-eagle.com/editorials_02/champeau011402.html";>http://www.gold-eagle.com/editorials_02/champeau011402.html<FONT
size=2>Ken
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<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Charles Meyer
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>REAL TRADERS
Sent: Wednesday, October 02, 2002
4:13 PM
Subject: [RT] GEN: DUMB FED
QUESTION
<FONT
size=2>
Group-
Just how much money does the Fed have?
The amount of money in private hands such as savings accounts,
investments, bank accounts, etc. can be
quantified.
Now; I believe that the Fed is comprised of
privately owned banks who can use their various
moneary tools to either create or tighten the
so-called money supply. But; how much money do
they really have at their disposal?
Because of their ability to create money out of thin air
using
the fractional reserve system; can one say
that they have a virtually unlimited supply of money?
How does their supply or available money;
measure up against the amount of money held in
private hands? It seems that if the
amount of money held privately dwarfs the amount of
money
held by the Fed; their actions would have
less effect on their regulation of the economy. Or; do
these
12 private banks have SO, SO MUCH money the
dog can wag the economic tail?
I stay confused on subjects like this.
I suppose the reason I'm asking is that I just read that the
Government can seal our money in three
ways: taxation, nationalization and inflation.
Somehow;
this ends up in the hands of the bankers;
although I really don't quite understand the process.
Thanks for any thoughts or
comments.
chasTo
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