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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (56185)	3/18/2006 3:10:22 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 110194

In order to leave the money supply alone, you need to enforce existing laws against Ponzi schemes like fractional reserve banking. Unless you do this, you have no hope of maintaining a stable money supply. It doesn't matter whether you use the existing Federal Reserve or your monstrous science fiction scheme you proposed. None of your insane schemes will ever work. Merchant Banks take in money as shares and lend that same money to borrowers. Once you confuse Merchant Banks with Depository Banks, which allow depositors to withdraw their money on demand, you're on the path to an ever expanding money supply. Something you believe is a virtue, but I know to be a cancer. People like yourself who believe prosperity depends upon an ever-expanding money supply have traditionally been known as Currency Cranks. Without an ever expanding money supply, you don't believe you would be able to support yourself with your current skills. Its possible that's true, but that's no excuse for your deceptive schemes to wildly expand the money supply under the guise of stability. Instead of dreaming up outlandish schemes to abuse others, why not get an education and learn a trade? .