<orangatang1@[EMAIL PROTECTED]
> wrote in message
news:a90ebdc2-e123-42c3-8fea-b8773a04c5e0@[EMAIL PROTECTED]
8 Mar, 04:57, Straydog <arthu...@[EMAIL PROTECTED]
> wrote:
> visualseep...@[EMAIL PROTECTED]
wrote:
> > Banks continue to scam the public by taking ridiculous risks,
>
> I have a lot of respect for banks even though I don't like everything
> they do. If banks did not exist, we would likely still be back in the
> caveman days.
i strongly disagree. fractional reserve banking takes money away from
profitable companies and puts it in the hands of the banks. they do
this by devaluing the money. (see
http://en.wikipedia.org/wiki/Fractional-reserve_banking).
if you have a hundred bucks this year, next year it is only worth 95.
If you don't like fractional reserve banking you don't have to do it.You
can
go to any bank and get a deposit box.Put your money or gold or whatever in
the box and it stays there.
That's 100% reserve banking, just like in the good old days.
