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

To: RockyBalboa who wrote (104194)	7/31/2009 2:18:56 AM
From: marcos	Respond to of 110194

No cheques have arrived here ... possibly delayed in the mail, or my name and address entered on the wrong form, or maybe it's that they don't deliver to british columbians, but i swear, not one cent ... it's a mystery, pity that Major Douglas is gone now, could have sorted it all out quite nicely - 'Douglas criticized the banking system on two counts: 1. for being a form of government which has been centralizing its power for centuries, and 2. for claiming ownership to the money they create. The former Douglas identified as being anti-social in policy.[17] The latter he claimed was equivalent to claiming ownership of the nation.[18]' ... 'The fallacy is that the same dollar can "circulate round and round". Every loan creates a deposit, and every repayment of a loan destroys a deposit.[26] As such, money does not "circulate round and round" but is created and destroyed through the creation of loans and their repayment.' en.wikipedia.org