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jeff47

(26,549 posts)

12. No, the bank did not create that money when they issued the mortgage

Mon May 14, 2012, 11:55 AM

May 2012

The bank actually had the money in their vaults (electronic or physical). It got there because the bank borrowed it from depositors and the Fed.

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This message was self-deleted by its author [View all] MindMover May 2012 OP

Someone who doesn't believe money is a concept. nt CK_John May 2012 #1

Yes by all means let's all create credit dmallind May 2012 #2

Must be a banker....if you read the entire post you will understand more about.... MindMover May 2012 #3

Your words pally "anybody can...." dmallind May 2012 #35

No. I bank with a small vermont bank that is run responsibly cali May 2012 #4

3-1, 5-1, 7-1. 10-1.......? MindMover May 2012 #22

"Banking is part of the Babylon Mystery " sufrommich May 2012 #5

It's a mystery to me :) - n/t coalition_unwilling May 2012 #6

Post removed Post removed May 2012 #7

Ah, The Rothschilds, of course. sufrommich May 2012 #25

Agreed that most conspiracy theories are more than laughable..... MindMover May 2012 #27

You post anti semitic crap here and sufrommich May 2012 #33

So is everything about banks anti Semitic crap....? MindMover May 2012 #36

No, not everything is, but your crap is. nt sufrommich May 2012 #38

Not just the Rothschilds NoPasaran May 2012 #39

There may or may not be reasons to avoid banking Vanje May 2012 #32

I've been reading this stuff since the seventies bhikkhu May 2012 #8

You evidently are writing from a secure and safe position.... MindMover May 2012 #9

What if you don't have money? DainBramaged May 2012 #10

Bartering will be part of the new paradigm..... MindMover May 2012 #11

(sigh) DainBramaged May 2012 #17

Doom and gloom is a video game isn't it...? MindMover May 2012 #19

No, the bank did not create that money when they issued the mortgage jeff47 May 2012 #12

We are the depositors and the Fed..... MindMover May 2012 #13

Yes. They act as money concentrators. jeff47 May 2012 #14

Which right now, they are not issuing a lot of mortgages.... MindMover May 2012 #15

Because they haven't worked through all the foreclosures yet. jeff47 May 2012 #28

Hooray for dollar devaluation! Seriously. Zalatix May 2012 #16

To some extent, I believe you are correct in your assumptions... MindMover May 2012 #18

They won't have a choice. Zalatix May 2012 #20

So because the dollar is "relatively" strong now....and... MindMover May 2012 #21

Wages will go down relative to inflation but will go up due to increased demand for labor. Zalatix May 2012 #41

My money is staying in the bank. RebelOne May 2012 #23

Safer in a bank....? MindMover May 2012 #24

As long as the deposits are below the FDIC limit, then it's safe in the bank. (nt) jeff47 May 2012 #29

Tin-foil Liberturdian BS. Odin2005 May 2012 #26

Who posted "Jewish Bankers" first.....? MindMover May 2012 #30

another poster mentioned that this idiot rants about the Rothschilds. Odin2005 May 2012 #34

Thank you Lord, "most people are not pregnant"....just because I am..... MindMover May 2012 #40

If your beef is not about Jewish bankers then I say we simply drop this Jewish banker talk. Zalatix May 2012 #42

My friend's elderly sister and husband just died - had tens of thousands in cash adigal May 2012 #31

And how much they didn't gain.... dmallind May 2012 #37

I don't know, my husband's 401 lost 1/2 of its value in 2008 adigal May 2012 #43

Yes of course a rush on the banks!!! I mean what can go wrong? Well other than what happened in 1929 cstanleytech May 2012 #44

'Anthony Migchels for Henry Makow'? LeftishBrit May 2012 #45