3 Dec 2017 8:22 pm
...thank you for bumping this thread to the top, private dildo, but for your own sake, you really should stfu...you're embarrassing yourself here...
peepee » 30 Jun 2017 7:26 am wrote:“Commercial [i.e. high-street] banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created."
...to which the loud goddamned fool republican-radio-level monetary ignoramus, termin8tor responded: "No, Dim, they simply lend the money from existing deposits. No money is created, Dim. Only the Fed can create money. You're too freaking stupid to understand your own sources." viewtopic.php?f=3&t=29862&u=0&start=220
[and this **** idiot termin8tor brags loudly
about its understanding of economics!...as any monetary realist understands, termin8tor doesn't even understand the origin and nature of virtually one half of every [u.s.] economic transaction, ['dollars'] yet its foaming pork-chop 
hole is frequently open as to some illion-dollar economy...
...wouldn't i love!! to debate this goddamned fool radio republican or any of the rest of you republican/crat monetary ignoramuses face to face..live on the teevee!...
peepee » 30 Jun 2017 7:26 am wrote:“Commercial [i.e. high-street] banks create money, in the form of bank deposits, by making new loans. When a bank makes a loan, for example to someone taking out a mortgage to buy a house, it does not typically do so by giving them thousands of pounds worth of banknotes. Instead, it credits their bank account with a bank deposit of the size of the mortgage. At that moment, new money is created."
...to which the loud goddamned fool republican-radio-level monetary ignoramus, termin8tor responded: "No, Dim, they simply lend the money from existing deposits. No money is created, Dim. Only the Fed can create money. You're too freaking stupid to understand your own sources." viewtopic.php?f=3&t=29862&u=0&start=220
[and this **** idiot termin8tor brags loudly
about its understanding of economics!...as any monetary realist understands, termin8tor doesn't even understand the origin and nature of virtually one half of every [u.s.] economic transaction, ['dollars'] yet its foaming pork-chop hole is frequently open as to some illion-dollar economy......wouldn't i love!! to debate this goddamned fool radio republican or any of the rest of you republican/crat monetary ignoramuses face to face..live on the teevee!...